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May 22, 2013
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14:51
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| Apollo Hospitals (Q4 FY13) |
| India Infoline Research Team/14:51,May 22,2013 |
| The growth in hospital segment was muted due to extended weekend holidays during the quarter leading to lower inpatient volumes. |
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May 21, 2013
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16:08
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| India Cements (Q4 FY13) |
| India Infoline Research Team/16:08,May 21,2013 |
| India Cements (ICL) Q4 topline grew by ~7% yoy at 12bn, below our estimate of Rs12.6bn; volumes jumped ~2% yoy and average realisation improved ~4% yoy
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16:05
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| Motherson Sumi (Q4 FY13) |
| India Infoline Research Team/16:05,May 21,2013 |
| Motherson Sumi (MSSL) reported a good set of numbers for the quarter gone by, wherein its consolidated topline grew by 3.7% yoy, and operating profit expanded 33.2% yoy. |
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15:44
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| ITC Ltd (Q4 FY13) |
| India Infoline Research Team/15:44,May 21,2013 |
| ITC reported 19% yoy increase in revenues at Rs81.8bn (above our expectations of Rs81.2bn) during Q4 FY13 driven by ~11% yoy growth in core cigarettes segment. |
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May 20, 2013
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10:51
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| Know more about mortgage loan |
| India Infoline News Service/10:51,May 20,2013 |
| A mortgage loan offers the borrower an opportunity to generate additional income from an otherwise idle property |
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May 17, 2013
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19:05
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| Pirojsha Godrej, MD & CEO, Godrej Properties |
| Yash Ved/19:05,May 17,2013 |
| “Godrej Properties is planning to raise up to Rs. 700 crore through rights issue. Given our expectation of improved economic growth and a continued lowering of interest rates, we hope to have an even better year in FY14." |
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May 16, 2013
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14:38
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| United Spirits (Q4 FY13) |
| India Infoline Research Team/14:38,May 16,2013 |
| We downgrade the stock to Market Performer but retain 9-12 mth price target of Rs2,150. |
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12:31
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| Looking to invest in gold? Here’s some paper versions |
| India Infoline News Service/12:31,May 16,2013 |
| Gold ETFs and e-gold are good investment options for those looking for the comforts of physical gold yet avoiding the hassles that come with it. |
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May 15, 2013
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15:31
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| VSS Mani, MD and CEO, Justdial Ltd |
| Yash Ved/15:31,May 15,2013 |
| “Just Dial is planning to raise up to Rs 950 crore through an initial public offer. The Offer will open for subscription on, May 20, 2013 and will close on May 22, 2013.” |
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12:40
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| How do interest rate cuts impact you? Will loans get cheaper now? |
| India Infoline News Service/12:40,May 15,2013 |
| Despite the cut in repo rate, no relief has been provided to home and auto loan borrowers. Not all bankers are looking at reducing their interest rate. Hence, there is less easing for loan EMIs |
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11:05
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| Dr Reddy’s (Q4 FY13) |
| India Infoline Research Team/11:05,May 15,2013 |
| Revenue growth of 25.6% yoy to Rs33.4bn was ahead of our expectation by 10%. Revenues from Global Generics segment grew by 22.7% yoy to Rs22.6bn, wherein North America grew by 30.7% even on a higher base of last year and Europe was flat. |
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10:59
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| Nestle India Ltd (Q1 CY13) |
| India Infoline Research Team/10:59,May 15,2013 |
| Operating margins expanded by 140bps to 23.7% partly aided by lower overhead cost. Raw material cost as percentage of net sales declined by 65bps largely due to higher sales realizations, partially offset by higher input costs. |
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May 14, 2013
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16:08
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| Reliance Communications (Q4 FY13) |
| India Infoline Research Team/16:08,May 14,2013 |
| Gross wireless revenue growth at 2.5% qoq was better than expected on the back of 2.3% increase in total MOUs combined with 0.2% qoq increase in RPM while wireless churn too declined as was the case with Bharti and Idea; Global business sales were below par at +0.5% qoq |
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12:32
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| Dena Bank (Q4 FY13) |
| India Infoline Research Team/12:32,May 14,2013 |
| Dena Bank’s gross advances grew by 5.4% qoq/16.3% yoy, far below our expectation. As expected, the growth was largely driven by MSME segment (12.6% qoq/28.7% yoy). |
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12:30
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| Amara Raja (Q4 FY13) |
| India Infoline Research Team/12:30,May 14,2013 |
| A robust topline was recorded on back of double digit growth recorded in both automotive battery business and industrial battery segments. Despite a weak macro situation, automotive battery volumes grew on back of robust replacement demand in the market. |
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10:33
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| Dilip Puri, MD, India and Regional VP South Asia, Starwood Asia Pacific Hotels & Resorts |
| Yash Ved/10:33,May 14,2013 |
| “India is Starwood’s fourth largest market and will soon be the third. Our goal is to have a 100 hotels operating, under development and management contracts signed by 2015.” |
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May 13, 2013
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16:58
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| Apollo Tyres (Q4 FY13) |
| India Infoline Research Team/16:58,May 13,2013 |
| Slowdown in demand from truck tyres resulted into drop in capacity utilization levels for the company to 75%. Decline of average cost of natural rubber for Q4 FY13 by ~14% on yoy basis led to OPM expansion of 248bps on yoy basis to 12.1%. |
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16:55
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| Balrampur Chini Mills (Q4 FY13) |
| India Infoline Research Team/16:55,May 13,2013 |
| Higher cane SAP led to jump in RM costs yoy and correspondent fall in OPM to 16.6% vs 33.5% a year ago |
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16:52
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| NTPC (Q4 FY13) – BUY |
| India Infoline Research Team/16:52,May 13,2013 |
| Surprisingly even PLF improved 2.8% points sequentially to 86.9%; though down 4.2% points yoy |
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May 10, 2013
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16:04
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| Ranbaxy Laboratories (Q1 CY13) |
| India Infoline Research Team/16:04,May 10,2013 |
| Overall, sales grew in most emerging markets including India (+11%), EU, CIS (+23.3%), Africa and Middle East (+22.4%) |
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