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Tuesday, October 14, 2014

Equity Tips
Banking shares extend gain post September WPI data
Banking shares were trading higher by up to 4%, extending their Monday’s gain, in otherwise subdued market after the Wholesale Price Index (WPI)-based inflation declined to its lowest level in five years at 2.38% in September from 3.74% in the previous month.

Den Networks soars over 40% in one week
Den Networks has surged 16% to Rs 180, extending its past four day’s rally, on back of heavy volumes on National Stock Exchange (NSE).In past one week shares of the cable TV distribution firm rallied 44% from Rs 129 on October 8 against a marginal 0.15% rise in CNX Nifty.

Symphony hits record high on strong Q2 results
Shares of consumer durables firm Symphony has surged 8% to Rs 1,577 on NSE after reporting a strong 51% year-on-year (yoy) jump in net profit at Rs 21.63 crore for the quarter ended September 2014 (Q2), on back of healthy revenue growth.

Bajaj Auto gains on BoA upgrade to 'buy'
Bajaj Auto has gained around 3% after Bank of America-Merrill Lynch upgraded its stocks from "underperform" to "buy", citing higher volume and average selling prices, and increased contribution from dirt-bike making affiliate KTM.

SpiceJet gains as operating performance improves
SpiceJet surged in today's trade with gains of over 5% at Rs 15.28 as the budget carrier’s operating performance improved with higher revenue per seat amid reduced capacity.

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