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Wednesday, October 29, 2014

Equity Tips
Apollo Tyres: Clear roads ahead
The share price of Apollo Tyres has gained 11 per cent this month, on the back of re-rating due to sustained lower input costs, signs of demand recovery, easing concerns related to capital expenditure and raising of the foreign institutional investor limit in the company.

Oil India seeks more hydrocarbon concessions globally
India's second largest public sector company Oil India Limited (OIL) is seeking more hydrocarbon concessions across the globe, including Brazil and Mexico.We are aggressively looking for a lot of good property from where we can bring crude oil into India," Sunil Kumar Srivastava, chairman and managing director, told PTI yesterday.

TVS vrooms to second spot on its scooters
A consistent product launch programme has pushed TVS Motors (TVS) ahead of the two-wheeler market leader Hero MotoCorp (Hero) in the domestic scooter segment. The Chennai-based manufacturer now occupies the second spot.

Havells: On track for brighter days
Havells India (Havells) posted in-line consolidated results for the September 2014 quarter at the operational level. But, higher tax outgo and pension liabilities led to lower than expected net profit and eclipsed strong revenue growth in the quarter. Consequently, Havells' stock has fallen about 3.6% post results announcement last Thursday.

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