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Tuesday, November 11, 2014

Equity Tips
REC Q2 net jumps 35% at Rs 1,500 crore
State-run Rural Electrification Corporation has reported 35 per cent jump in net profit for the second quarter ended September at Rs 1,500.75 crore on account of increase in total income from operations.The company had reported a net profit of Rs 1,110.73 crore during the same period of last financial year, it said in a statement.

Vodafone India Apr-Sep revenue up 12% at Rs 20,747 crore
Vodafone India today reported an 11.7 per cent growth in its revenue at Rs 20,746.9 crore for the April-September quarter of this fiscal on the back of data revenues, customer additions and stable pricing.The company had reported a total revenue of Rs 18,571.1 crore in the same period last fiscal.

Coal India: Present tense, future perfect
Coal India posted a lower than expected net profit which fell by 28% to Rs 2,192 crore for the quarter ended September 2014. The world’s largest producer of coal had posted a profit of Rs 3,052 crore for the same quarter last year. Analysts’ consensus was built around a profit target of Rs 2,980 crore.

Infosys' renewal still a work in progress
Sometime last quarter, a large mining company approached Infosys with a unique problem. The company, which operates thousands of expensive trucks to carry minerals, wanted a predictive maintenance platform to avoid the loss it incurred when those vehicles broke down. Since the trucks were fitted with sensors and other technologies, they sent lots of data.

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