Winter Offer

EquityTips

EquityTips
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647

free stock cash Tips

Friday, February 28, 2014



INDIAN FACE 


INDIAN EQUITY BENCHMARK gained for the fifth straight
session to end at five-week highs led by TCS, Tata Motors and
pharma shares. The government will announce GDP figures for
the December 2013 quarter later today.

Further, Dr. Reddy’s Laboratories ended up 2.4%, extending its
previous day’s 2% gain, after the company said it has launched
Sumatriptan Injection USP in the US.

The government has approved 10 % stake sale in Indian Oil
Corporation to state run ONGC and OIL at a discount of 10 %,
which will fetch about Rs 5,300 crore to the exchequer.


GLOBAL FACE

Asian stock markets were lower with the Nikkei also down in
thin trading despite robust economic data coming from Japan.

European stocks mixed to higher as investors were eyeing the
release of highly anticipated euro zone inflation data later in the
trading session.

U.S. stocks markets climbed higher after Federal Reserve Chair
Janet Yellen suggested harsh winter weather may have been the
reason behind a string of disappointing economic indicators
this year.

MARKET TALKS 

Arvind gains on JV with a Japanese 
firm 

Arvind rose 0.97% to Rs 155.85 after the company announced a
joint venture with Goodhill Corporation of Japan by setting up a
Greenfield suits manufacturing facility based out of
Bommansandra Industrial estate in Bengaluru. Arvind's
consolidated net profit surged 35.6% to Rs 102.17 crore on 28%
growth in net sales to Rs 1792.20 crore in Q3 December 2013

over Q3 December 2012.

Jubilant Life up 8% on resolution to 
USFDA warning letter 

Investors are lapping up shares of Jubilant Life Sciences after the 
company announced successful resolution to USFDA warning 
letter for Canada's Montreal facility. The stock gained as much as 
8 percent. This resolves all issues raised by the FDA on the facility 
in February 2013 and subsequent communications. 

Bharti Airtel slips after Nigeria fines 
for poor service 
 
 Bharti Airtel fell 0.19% after Nigeria's telecoms regulator fined the company. The penalties were imposed because the operators 
had failed to meet key performance indicators and poor quality of 
service for the month of January 2014, 

Titan drops on profit booking
 
 Titan Company lost 1.26%, with the stock sliding on profit booking 
after recent rally after the firm said it has entered into a joint 
venture agreement with a Netherlands firm viz. Montblanc 
Services B.V. Titan Company's net profit fell 18.8% to Rs 165.57 
crore on 11.1% decline in net sales to Rs 2650.46 crore in Q3 
December 2013 over Q3 December 2012. 

RIL concerned about D6 gas price 
block 
 
 Reliance Industries is fearing that it may be compelled to shut 
down production from KG-D6 block in the absence of an 
agreement on the price of gas. RIL may sign sales agreements 
with consumers three weeks before the new price comes into 
effect. The existing gas sales and supply agreements expire on 
March 31. 






0 comments:

Post a Comment