Categories: Uncategorized

Evening News Round-up 30-Jul:

*Indian mkt shaping for big bull run; bet on auto: BofA ML

*See no earnings upgrade for consumer cos: StanChart

*Indian equities to grow 20-30%; FII inflows to double: Mark Mobius

*Like IT, pharma; banks & power will pick up: ICICI Pru AMC

*Lupin Q1 profit jumps 56% on strong growth in US, India ops, Reports 29% Growth YoY

*Cadila Health Q1 profit up 23% to Rs 240 cr led by US sales

*Dr Reddy’s Q1 profit up 52% on strong North America sales

*BoI Q1 net falls 16% on lower other income, high provision

*Bharat Forge Q1 net up 60% at Rs 145 cr

*Goodyear India Q2 net up 13% at Rs 29 cr

*Igarashi Motors Q1 net up 16% at Rs 10 cr

*Dhanuka Agritech Q1 net up 18% to Rs 20.45 crore

*Goodyear India Q2 net up 13% at Rs 29 cr

*Co well positioned against key competitors: VIP Industries

*NPLs still have some way to go before they taper: IDFC

*No immediate change in pricing strategy: Hexaware

*Kalindee Rail sees 15-20% revenue growth for FY15

*2 wheeler portfolio stable; NPLs not a worry: Shriram City

*Escorts expects H2FY15 performance better than H1

*SpiceJet tanks 17% on heavy volumes on News Article over Fund Raising

*See 20% order book growth this year, 15% sales growth: L&T

*Flipkart’s Bansals eye their own $100bn dollar baby

*SC tells Supertech builders to refund principal amount

*Govt declines to give timeframe to resolve UPSC exam row

*Rel Power bid best value for assets; small shareholders not ignored: JPA

*Piramal Ent forms alliance with APG; targets 17-20% return

*Bharti up 5.5% on Q1 nos; CLSA says high conviction buy

*Keen on India entry, South Africa’s MTN in talks with telcos for stake sale

*Arvind: Every Holder Of 10 Shs Of Co To Get 1 Arvind Infra Sh

*Euro touches eight-month low, European shares fall

*Sensex reclaims 26000; Dr Reddy’s, Lupin rally on Q1 nos

*ITC wants to enter beverage, chocolate sectors

*ICVL to buy Rio Tinto’s coal assets in Mozambique for $50m

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