Tuesday, 11 February 2014

Equity Trading Tips for February 11,2014


ECONOMY ANALYSIS
  • Sensex, Nifty consolidate; DLF gains 3%, Bharti loses 2%
  • Tata Motors Q3 net trebles, driven by one-off item, JLR
  • Indian hiring activity jumped 13% in Jan 2014: Naukri
  • Nissan sales rise 29% in Jan
  • Headwinds for Indian banks to continue in 2014: S&P
  • 5.5-6.5% GDP growth in FY15 within grasp: HSBC's Kidwai
  • DLF surges 6%, sells Amanresorts for USD 358 mn


MARKET ANALYSIS
  • MUMBAI: Tata MotorsBSE 0.86 % reported a stunning set of results for the quarter ended December 31, 2013. The results beat Street estimates on all fronts, that is net profit, sales and margins; and this was on the back of strong performance by its UK-based subsidiary Jaguar Land Rover (JLR).
  • The company reported consolidated net profit of Rs 4,804.9 crore, up 195 per cent, as against a net profit of Rs 1,627.5 crore in the year-ago period. An ET Now poll suggested net profit of Rs 3,650 crore.
  • The sales for the quarter rose to Rs 63,877 crore, up 38.2 per cent, as against Rs 46,090 crore in the year-ago period. This was above ET Now poll estimate of Rs 62,500 crore.
  • The margins for the quarter increased to 15.5 per cent as against 12.3 per cent YoY.
  • Its subsidiary reported stunning set of numbers, especially on the margins front.
INDIAN MARKET

INDEX
CLOSE
CHANGE
% CHANGE
SENSEX
20334.27
-42.29
-0.21
NIFTY
6053.45
-9.75
-0.16
BANK NIFTY
10213.90
-49.30
-0.48

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