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Cummins (India) is set to report profit after tax of Rs 161 crore for the quarter ended December 2010, up 8% as compared to Rs 148 crore in same quarter the previous year, according to CNBC-TV18 estimates.
The rupee should drop on Thursday on nearly flat regional stocks, persistent demand for the dollar from oil refiners and a retreating euro.
This article summarizes a recent important decision of the Delhi High Court (the “DHC”) in the case of CIT v. Hindustan Coca Cola Beverages Pvt. Ltd., Income Tax Appeal No.1391/2010, (Order dated 14 January 2011).
Karvy Stock Broking is bullish on Dr Reddys Laboratories and has recommended a market performer rating on the stock with a target of Rs 1768 in its January 31, 2011 research report.
Bharti Airtel was among major gainers on the Sensex. It touched an intraday high of Rs 334.20 and an intraday low of Rs 317.50. At 11:17 hrs the share was quoting at Rs 333.00, up Rs 9.75, or 3.02%.
PINC Research has recommended hold rating on TRF with a target of Rs 575, in its January 31, 2011 research report.
Business activity in India's services sector grew at a faster clip in January than in the previous month, boosted by new orders and expectations of solid growth, but costs also soared, a survey showed on Thursday
Hindalco Industries touched an intraday high of Rs 242.80 and an intraday low of Rs 235. At 11:03 hrs the share was quoting at Rs 242.30, up Rs 7.45, or 3.17%.
DLF was the top gainer on the Sensex. It touched an intraday high of Rs 240 and an intraday low of Rs 225.15. At 11:03 hrs the share was quoting at Rs 239.30, up Rs 12.20, or 5.37%.
Emkay Global Financial Services has recommended hold rating on NTPC with a target of Rs 190, in its January 31, 2011 research report.
Japan's Sony Corp is expected to post a 15% fall in profit for October-December on Thursday, hurt by a stronger yen and tough price competition in the market for flat TVs.
PINC Research has recommended hold rating on Colgate Palmolive (India) with a target of Rs 822, in its February 1, 2011 research report.
KRChoksey is bullish on Jagran Prakashan and has recommended buy rating on the stock with a target of Rs 153 in its January 31, 2010 research report.
Brent crude surpassed USD 103 on Thursday after violent clashes in Egypt raised the prospect of further unrest across the Middle East, overshadowing the bearish effect of soaring gasoline inventories in top consumer the United States.
Oracle Financial Services Software touched an intraday high of Rs 2,139.80 and an intraday low of Rs 2,066. At 10:48 hrs the share was quoting at Rs 2,079.45, down Rs 94.50, or 4.35%.
Indian equities gained strength after an initial consolidation at 10:50 hours, supported by oil & gas, realty, technology, financial, metal, telecom, FMCG and capital goods companies' shares. Heavyweight Bharti Airtel added more gains today, went up 2.5% despite disappointing numbers.
Voltas Q3 consolidated net profit was down 6.8% at Rs 70.5 crore versus Rs 75.7 crore, YoY, reports CNBC-TV18. It touched an intraday high of Rs 186 and an intraday low of Rs 168.85. At 10:36 hrs the share was quoting at Rs 177.60, down Rs 9.95, or 5.31%.
Mumbai-based jewellery major Gitanjali Gems Ltd is all set to take over DIT, the Italian unit of Dubai jewellery maker Damas International, that owns brands such as Stefan Hafner, IO Si, Roberta Porrati, and Nouvelle Bague for an undisclosed amount.
Ashok Leyland, India's second largest commercial vehicle maker, said it sold 7,711 units in January, down 2% from 7,871 units a year ago.
ValueFirst Messaging Pvt Ltd has raised a round of Rs 700 million funding from a wholly owned subsidiary of The Headland Asian Ventures Fund 3 Limited (HAV3), a fund advised by Headland Capital Partners Limited (formerly HSBC Private Equity (Asia) Limited) with participation from existing investor New Enterprise Associates (NEA).
Ambuja Cements, one of India's major cement companies, is set to report profit after tax of Rs 232 crore for the quarter ended December 2010, down 4% as compared to Rs 241 crore in same quarter the previous year. Company’s year-end is December.
ACC, one of India's largest cement companies, is set to report its standalone profit after tax of Rs 240 crore, down 15% as compared Rs 281 crore on year-on-year basis, according to CNBC-TV18 estimates. Company’s year-end is December.
MindTree touched an intraday high of Rs 506.45 and an intraday low of Rs 448.90. At 09:49 hrs the share was quoting at Rs 465.00, down Rs 11.30, or 2.37%.
(HCC has bagged Rs 345 crore EPC order from Gujarat Government’s undertaking Sardar Sarovar Narmada Nigam for construction of a 57 km canal, reports Financial Express. It touched an intraday high of Rs 37.20 and an intraday low of Rs 35.60. At 09:42 hrs the share was quoting at Rs 37.05, up Rs 1.50, or 4.22%.
Sugar and oil & gas sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
