The monthly release by the Association of Mutual Funds in India (AMFI) reflects the New Year began on an optimistic note for the Indian mutual fund industry.
Aditya Birla Money is bullish on Paper Products (PPL) and has recommended buy rating on the stock with a target price of Rs 89 in its February 08, 2013 research report.
Angel Broking has maintained a neutral rating on United Spirits in its February 07, 2013 research report. According to the research firm, company's bottom-line is expected to grow at a CAGR of 128% over FY2012-14 led by margin expansion and lower interest costs due to reduction in debts post the UBH-Diageo deal.
Ventura Securities has recommended hold rating on Bharti Airtel, in its February 08, 2013 research report. According to the research firm, despite industry witnessing tariff hikes during the quarter, traffic growth is likely to be subdued going ahead as growth is expected to be primarily driven from rural area which has a lower spending capacity.
ICRA equity research has come out with its update note on Godrej Industries, Q3 FY13. The research firm has maintained company's fundamental grading of '4+' indicating "Strong Fundamentals" and valuation grading of 'C' indicating "Fairly Valued" on a relative basis, in its report dated February 07, 2013.
Equity mutual funds remained in the negative terrain for the whole week led by disappointing market's performance while debt funds flared.
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Mahindra and Mahindra today said it will acquire 26 percent stake in its defence joint venture with BAE Systems, ending their three-year old partnership.
Dolat Capital is bullish on Tech Mahindra and has recommended buy rating on the stock with a target price of Rs 1360 in its February 09, 2013 research report.
MCX-SX (India's New Stock Exchange) will become the third stock exchange after BSE & NSE that is going to commence live trading in the capital market segment with effect from February 11, 2013.
Adele is said to have rented Paul McCartney's old house to practise for her performance at the Oscar ceremony.
Motilal Oswal has maintained neutral rating on Cipla with a target of Rs 452, in its February 7, 2013 research report.
The US India Business Council has submitted to Union Finance Minister P Chidambaram a wish list of reforms in the taxation sector, which the industry body argues would create a fair and transparent tax environment.
Parliament attack convict Afzal Guru has been hanged. The Jaish-e-Mohammad terrorist was hanged at 8 am on Saturday, Home Secretary RK Singh said. A recommendation to hang him had been sent to the President on January 21. The President gave it his assent on February 3.
Emkay Global Financial Services has come out with its report on Dewan Housing Finance Corporation, TRF, Manappuram Finance and has recommended accumulate, sell and reduce rating on the stocks respectively in its research report dated February 8, 2013.
Weak corporate earnings pushed stock market into the red for the seventh session in a row. Indices ended at their lowest level so far this year the Nifty slipped 35 points, Sensex dropped 95 points on Friday.
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M and B Switchgears has reported a sales standalone turnover of Rs 34.23 crore and a net profit of Rs 3.43 crore for the quarter ended Dec '12