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Sector Updates
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CMP :
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Target Price :
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Recommendation :
-
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The proposed drug pricing policy, is in line with the earlier New Drug Pricing Policy declared in 2012 declared. The order has recommended that the retail price of essential 348 drugs will be fixed at....
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Result Updates
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CMP :
109
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Target Price :
126
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Recommendation :
Buy
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Mahindra Satyam (Satyam) reported in-line net profit for 4QFY2013 while
disappointed on the operational front. Volume growth was decent at 2.0% qoq.
The company added 60 new clients during the quart....
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Result Updates
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CMP :
248
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Target Price :
285
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Recommendation :
Buy
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For 4QFY2013, Amara Raja Batteries (AMRJ) posted lower-than-expected results on the bottom-line front despite a strong growth in the top-line. The performance was impacted due to operating margin pres....
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Result Updates
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CMP :
160
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Target Price :
186
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Recommendation :
Buy
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For 4QFY2013, Indian Bank reported a subdued performance, both on operating
as well as on the asset quality front. Surge in employee expenses (more than
double on a yoy basis, on account of higher p....
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Result Updates
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CMP :
605
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Target Price :
791
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Recommendation :
Buy
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Relaxo reported mixed set of numbers for 4QFY2013. The revenue for the quarter
grew considerably by 20.6% yoy and stood at Rs291cr, higher than our
expectation of Rs275cr. However, on the operating ....
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Result Updates
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CMP :
4824
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Target Price :
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Recommendation :
Neutral
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For 4QFY2013, Asian Paints (APL) posted a 3.6% yoy de-growth in its bottom-line impacted by poor operational performance. Volume growth for the domestic business is estimated to be ~2%. Over FY2013-15....
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Result Updates
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CMP :
124
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Target Price :
157
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Recommendation :
Buy
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For 4QFY2013, IRB Infrastructure (IRB) reported a healthy set of numbers and
was above street expectations. The companys revenue came below our expectation
owing to delay in toll collection at IRDP-....
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Result Updates
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CMP :
99
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Target Price :
117
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Recommendation :
Accumulate
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For 4QFY2013, HT Medias top-line performance was below our estimates, growing tepidly by 1.5% yoy to Rs501cr. However, fall in newsprint costs and other expenses (driven by lower newsprint prices, cut....
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Result Updates
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CMP :
17
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Target Price :
25
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Recommendation :
Buy
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For 4QFY2013, Electrosteel Castings (ECL) reported a strong growth in operating profit mainly due to decline in costs as a percentage of sales. We maintain our positive stance on the companys initiati....
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Result Updates
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CMP :
703
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Target Price :
815
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Recommendation :
Buy
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Bank of Baroda reported moderate operating performance for the quarter (while NII was flat yoy, other income grew by 32.7% yoy, leading to 6.4% yoy growth in its operating profit). Asset quality deter....
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Result Updates
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CMP :
2026
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Target Price :
2535
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Recommendation :
Buy
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Dr Reddys Laboratories (DRL) reported better than expected numbers for 4QFY2013 on the top-line and bottom-line fronts. The EBIT margin came in at 17.4% vs 18.9%.Consequently, the Adj. net profit came....
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Result Updates
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CMP :
180
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Target Price :
234
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Recommendation :
Buy
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For 1QCY2013, ITD Cementation reported mixed set of numbers. The revenue
for the quarter came at Rs355cr, 4.5% higher than our expectation of Rs339cr.
However, the company disappointed on the operat....
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Result Updates
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CMP :
219
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Target Price :
255
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Recommendation :
Buy
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Ashoka Buildcon (ABL) posted 4QFY13 results reflect improvement in execution
however bottom-line disappoints owing to lower-than-expected operating
performance, high depreciation and higher tax rate....
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Result Updates
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CMP :
214
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Target Price :
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Recommendation :
Neutral
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For 4QFY2013, Marico posted a 8.7% yoy growth in its consolidated net sales to
Rs997cr,which was below ours as well as consensus estimates. Volume growth
stood at 8%. OPM remained flat on a yoy basi....
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Result Updates
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CMP :
322
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Target Price :
360
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Recommendation :
Accumulate
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Bank of India reported subdued set of numbers for the quarter, as its operating profit grew by muted 3.0% yoy. The bank continued to witness asset quality pressures, which resulted in 115.3% yoy incre....
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