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Wednesday, January 15, 2014


TOP FIVE CORPORATE NEWS


·        Dec WPI inflation eases to 5-month low 6.16%.
The WPI-based inflation cooled-off to 6.16 percent in December aided by lower vegetable prices. The benchmark inflation yardstick fell to a five-month low from a 14-month high of 7.52 percent witnessed in November and 7.31 percent seen in the corresponding month of the previous year. But higher core inflation remains a worry.

·        TCS gains on expectation of robust Q3 earnings

Shares of Tata Consultancy Services were up 1.5% at Rs 2,363, after hitting an intra-day high of Rs 2,377 on the BSE, on expectation of robust earnings for the third quarter ended December 2013 which are scheduled for release after market hours tomorrow.

·        Liberty Shoes dips on profit taking post Q3 results.
Shares of Liberty Shoes were down 3% at Rs 151 on profit booking after the stock witnessed sharp gains since end-December on expectation of robust third quarter earnings. The stock gained over 8% from Rs 143 levels since December 30,2013 ahead of its third quarter earnings announcement.

·        Coal India gains on special dividend of Rs 29/share
Shares of Coal India were up 2% at Rs 296 after the board late Tuesday approved a special dividend for the current financial year, which would fetch Rs 16485.71 crore to government exchequer and help meet its disinvestment target of Rs 40,000 crore..

·        DEN Networks gains post block deal
      Shares of DEN Networks were up over 3% at Rs 157 after a block deal on the National Stock Exchange in early trades today. The stock opened at Rs 152.90 on the National Stock Exchange and touched an intra-day high of Rs 159.90 so far.


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