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Monday, October 13, 2014

Equity tips
Coal India gains on HSBC upgrade to 'overweight'
Shares of Coal India are trading higher by nearly 2% to Rs 340 on the BSE after HSBC upgraded the stock to "overweight" from "neutral".Coal India will be the main beneficiary of India's increased focus on domestic coal production, HSBC added.

Sintex Industries rallies over 15% post Q2 results
Sintex Industries has soared 17% to Rs 85.10 on NSE after reporting a strong 47% year on year (yoy) growth in consolidated net profit at Rs 107 crore for the second quarter ended September 2014 (Q2). The company engaged in plastic and textile business had profit of Rs 73 crore in previous year quarter.

Indusind Bank hits new high as Q2 profit beats forecast
Indusind Bank has moved higher by 3% to Rs 643 on BSE after reporting better-than-expected 30% year on year (yoy) jump in net profit at Rs 430 crore for the second quarter ended September 2014. The private sector lender had profit of Rs 330 crore in previous year quarter.

Oriental Bank of Commerce gains on Goldman Sachs upgrade
Shares of Oriental Bank of Commerce have gained nearly 3.5% to Rs 232 on the BSE after Goldman Sachs upgraded the stock to “buy” from “neutral” with a target price of Rs 350.

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