In an interview to CNBC-TV18, SP Tulsian of sptulsian.com picks Dharani Sugars and Torrent Pharma as his multibagger stocks.
In an interview to CNBC-TV18 SP Tulsian of sptulsian.com picked Sangam India and Bilcare as multibagger stocks. He sees these stocks having the potential to fetch better returns going ahead.
Private sector lender Kotak Mahindra Bank's second quarter standalone (only banking operations) net profit moderated nearly 8% year-on-year to Rs 280 crore on the back of higher provisions, which stood at Rs 71 crore as against an excess provision Rs 2 crore (write-back) in Q2, 2011-12.
The Reserve Bank today said real lending rates nearly halved in FY12 to 3.8% from about 7% in the pre-crisis period of 2003-04 to 2007-08.
Pune-based non-banking finance company Bajaj Finance on Tuesday reported a 53% year-on-year jump in the first quarter net profit at Rs 139 crore, bolstered by higher rate of loan disbursals that grew 32% to about Rs 4,730 crore from a year ago.
India's top IT services provider Tata Consultancy Services is expected to put up a better first quarter performance than rival Infosys which will announce its first quarter results early Thursday.
The "India Shining" marketing slogan was created back in 2004 by the BJP and truly India Inc lived up to it for as many as seven years in a row. But sadly this is about to change and clear signs of it now visible from both market and macro data reported in last one year.
Dismal Q4 GDP numbers of 5.3% were announced on Thursday and the GDP for FY12 stood at 6.5%. In an interview with CNBC-TV18, Leif Eskesen, Chief Economist for ASEAN and India, HSBC said policy paralysis in India is not new and its effects are just being felt now.
On Wednesday, Essar Ports announced a strategic pact with port of Antwerp with an investment of Rs 175 crore in Essar. In an interview with CNBC-TV18, Rajiv Agarwal, CEO & MD, Essar Ports said, "It is an investment of about Rs 175 crore."
Colgate Palmolive India's fourth quarter net profit rose 15% year-on-year to Rs 131 crore, helped strong volume growth led by toothpastes and price hikes taken to offset price hikes.
In an interview with CNBC-TV18, Narendra Murkumbi, MD, Shree Renuka blamed the depreciating rupee for its increasing debt and said that the tough macro environment is hurting their deleveraging plan.
India's largest commercial vehicle maker is scheduled to reveal its Q4 numbers on Tuesday. In an interview with CNBC-TV18, Amit Kasat, Director, India Institutional Research, Standard Chartered Securities says, “We are expecting a consolidated profit of Rs 4,200 crore for the company.â€
Private sector lender Federal Bank on Friday reported a jump of 38% year-on-year in its fourth quarter (Jan-March, FY12) net profit, aided by higher interest income and lower provisioning. Net interest income or the difference between interest earned and paid out, rose nearly 10% to Rs 491 crore.
IRB Infra has successfully retained margins and the company doesn't see any immediate pressure on operating margins.
Despite an overall rise of 16% in total revenues to Rs 1463.8 crore from Rs 1265.2 crore in the previous year, DB Corp has not seen a major jump in the last two quarters. The company‘s advertising revenues were only up 5% in the fourth quarter of FY12.
At the index level, Rajat Rajgarhia of Motilal Oswal Securities sees an earnings growth of about 5-6% in FY12 and 13-14% in FY13. "I think it‘s fair to assume that FY13 numbers will get moderated more closer to 9-10% growth," he asserts.
Mahindra Holidays and Resorts plans to aggressively tap India's tier II towns to expand its membership base as it aims to boost sales, and arrest fall in its profits.
India's third largest software services provider Wipro's consolidated net profit for the fourth quarter rose 7.7% year-on-year to Rs 1,481 crore, in-line with market expectations. However, shares plunged over 7% on opening on Wednesday after the street was disappointed with its muted guidance for the first quarter.
MindTree shares jumped over 10% on Tuesday after the software service provider reported better-than-expected earnings in the fourth quarter.
MindTree has reported a growth of 115.31% YoY and 13.7% QoQ in its net profit at Rs 68.9 crore for the fourth quarter of FY12.
Tata Motors' domestic passenger car business had a bumpy ride in 2011-12 (April-March). But its luxury Jaguar and Land Rover unit has seen strong sales growth overseas, especially since the launch of the Range Rover Evoque crossover. This has prompted CLSA to upgraded Tata Motors to a "buy" from its earlier "outperform" rating.
Motorcycle maker Bajaj Auto said sales last month rose 9% year-on-year to 3,35,515 units, which is highest ever for any month of March.
Maruti Suzuki's sales rose 3.3% in April at 1,25,952 units, up for the third consecutive month. But things haven't been as rosy for Maruti Suzuki for most of the last fiscal year. Demand for passenger cars slumped after a sharp rise in interest rates and several rounds of petrol price hikes.
Maruti Suzuki reported a lower-than-expected sales growth of 3.3% year-on-year in March as strong demand for its Swift and DZire cars was offset by a decline in sales across its mini, van and mid-size segments.
India's second largest two-wheeler maker Bajaj Auto said sales in February were highest ever, but there are further signs of a slowdown as total growth was just 5% year-on-year at 3,43,777 units.