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Expectations from the infrastructure sector are high. If it continues to grow, J Kumar will do well Mumbai-based J Kumar Infraprojects is a civil engineering and infrastructure development company which focuses primarily on the development of roads, flyovers, bridges, railway over-bridges and...

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The fall in the market that we had been forecasting for the past several months has not happened. Indeed, the market has risen. Since the week ended 13 March 2009, when the Sensex was at 8,756, the index rose for a straight 14 weeks to make a high of 15,237 in mid-June. This near-vertical rise...

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Sensex ends below 16,500 and Nifty closes at 4,881 after profit-taking trims early gains The Indian stock market opened on a firm note on Tuesday on the back of a solid overnight rally on Wall Street, but the early gains were trimmed on profit-taking after a sharp surge over the past four...

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Bank shares surge on assurance that the government’s stimulus measures would continue into the next fiscal The Indian stock market gained for the fourth consecutive session on Monday, on the back of strong global cues and prime minister Manmohan Singh’s assurance on Sunday that financial...

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The Indian markets remained green on strong global cues. During the day Asian markets shot up on reports that Australia’s central bank more than tripled its economic-growth forecast while US unemployment claims and worker productivity beat estimates. The key benchmark indices in China, Hong...

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The company has received 80% to 90% orders from the private sector. Analysts believe markets gained from Chinese players as the main reason for BHEL’s order book overflowing While Bharat Heavy Electricals Ltd. (BHEL) current order book stands at Rs125,800 million, as per analysts 80% to 90% of...

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Its much smaller rivals Dabur and Emami continue to record strong growth quarter after quarter Despite endless restructuring of its business portfolios and continuous high-profile change of its top management, Hindustan Unilever is unable to generate any traction on its sales and profits. For...

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There has been a surge in foreign institutional investment over the past six months. The sensitive index of the Bombay Stock Exchange has gone up by more than 100% between early March and now, mainly because of investment by foreign institutional investors (FIIs). Collectively, they have put in...

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The austerity move adopted by the babus got a new dimension when corporate affairs minister Salman Khurshid pointed out that even private sector companies should refrain from doling out obscene salaries. But Mr Khurshid should also pay attention to the quasi-government companies, especially...

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Shri Lakshmi Cotsyn Limited (SLCL) is a diversified textile manufacturer with a product range from embroidery, quilting and fusible interlining; it also has defence and army products like camouflage fabric uniforms and bullet-proof jackets. It sells many of these products to institutional...

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No matter how hard Securities Exchange Board of India (SEBI) chairman C B Bhave tries to dust the ashes of the 2005 IPO scam under the carpet, it comes right back to haunt him. An aggrieved investor, V Narayan Reddy, has filed a writ petition in the Andhra Pradesh High Court, questioning the...

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IDBI Bank’s loan restructuring is highest among peers Tough times call for desperate measures. With some corporates and individuals finding repayment of loans difficult, many banks are forced to restructure their loan portfolio. IDBI Bank’s loan portfolio is apparently bleeding heavily....

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Moneylife Digital Team 14 October 2009
Frequent churning of portfolio, high management fees followed by dismal returns and dwindling profitability is leading to several Asset Management Companies (AMCs) exiting the portfolio management service (PMS) business. Such exits would have not been normally noticed because PMS is a...

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The domestic tyre industry is in a revival mode, driven primarily by substantial demand improvement in the automobile industry, specifically in the commercial vehicles and replacement market. Phillips Carbon Black Limited (PCBL) is a major beneficiary of this revival. Carbon black is the key...

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Secunderabad-based Premier Explosives Limited (PEL) is a small but growing company that will not appear on the radar of institutional investors. Its turnover for the year ended March 2009 was just Rs70 crore but it claims to be a manufacturer of the entire range of explosives and accessories in...

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  Premier Explosives is on a strong growth path and seems to be backed by good R&D  Secunderabad-based Premier Explosives Limited (PEL) is a small but growing company that will not appear on the radar of institutional investors. Its turnover for the year ended March 2009 was just Rs70 crore...

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Maruti Suzuki zoomed 9% and Hero Honda surged 5% on the back of robust sales growth in August Gainers: Maruti Suzuki India gained 9% on the back of a 42% surge in car sales in August over the same month last year. It also plans to double its exports this fiscal year to 1.5 lakh units and is...

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Dhanalakshmi Bank zoomed 17% on the back of a brand revamp plan Gainers: Dhanalakshmi Bank (up 17%) plans a brand transformation initiative which will include changing the logo and related branding treatment. The Bank has hired London-based Fitch for the rollout of a new brand identity and...

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Oil & gas services soared, despite sluggishness in the price of crude oil. Education, office equipment and real estate also gained smartly. Healthcare was the worst performer, followed by oil & gas. Steel ended flat, despite signs of a revival in demand.

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Insider activity was minimal last fortnight. The main promoters of Neocure Therapeutics were very active. Rajeev Reddy, chairman & MD, bought 3,25,855  shares; Siddharth Reddy, joint MD & CEO, bought 3,23,840  shares; and Varun Reddy, joint MD & COO, bought 3,57,727 shares. Each of them has a...

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