|12-Sep-2014||Punjab National Bank||980||Buy||1to3days||1015|
|12-Sep-2014||Elecon Engineering Company Ltd||54.50||Buy||1to5days||59.90|
Amara Raja Batteries Ltd at 624 | Target 650 | SL 615
Disclaimer : Ideas given may have been recommended to our clients in advance. India Infoline takes no responsibility for any loss suffered.
* All prices are in Indian Rupees
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The outlook is a flat start. Indices could bounce back towards the end if global cues support. The rupee, which fell 33 paise on Monday will be seen closely as the dollar weakened against most major peers. The countrys trade deficit for August fell to $10.84bn versus $12.2bn in July. This is 2.2% up from $10.60bn last year. The April-August trade deficit now stands at $56.15bn.
The outlook is a lower opening given the subdued sentiment in global markets. The rupee movement and WPI Inflation numbers will be in focus today.
The outlook is a flat to weak start. Interest rate sensitives will be in focus ahead of the release of CPI data for August 2014, which is expected to see slight cooling. The industrial production data for the month of July will also be released today and a drop should not be surprising given the higher base effect in July last year. Global markets are undecided. Asian indices are mixed. Japan's Nikkei was up while Hong Kong's Hang Seng was lower.
IPCA had voluntarily suspended API exports to US (~9% of sales) following certain observations from US FDA at its Ratlam facility in July 2014.
During FY14, TVS Srichakra refreshed its strategy for the aftermarket segment wherein it invested in re-building its brand and rekindled its advertising plan.
Ideas FY14 performance ticked all the right boxes at the operational level with growth, margin and revenue market share all moving in the right direction.
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