ICICI Bank's Q1 profit grows by 17%

ICICI Bank, India's Number 2 lender, posted a 17 per cent rise in quarterly net profit, meeting forecasts, on strong corporate and retailloan demand in a rapidly growing economy. Banks including bigger rival State Bank of India are seeing an improvement in asset quality as consumer loan defaults slow in an economy forecast to grow about 8.5 per cent in the current year ending next March. Advances were down 6.92% (YoY) while increased 1.75% (QoQ)....

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Genpact Q2 net dips 6%

India's leading BPO firm Genpact today reported a decline of 6.2 per cent in net income at USD 27.8 million for the second quarter ended June 30, 2010, as against Q2 of last fiscal. The company had net income of USD 29.7 million in the April-June quarter of 2009, Genpact said in a statement. Its revenues rose 12.7 per cent to USD 307.6 million, up from USD 272.9 million during Q2 2009. The company generated USD 30 million cash from operations in...

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Federal Bank Q1 net dips 3% to Rs 131.86 cr

Federal Bank had a net profit of Rs 136.38 crore in the same period last year, the bank said in a filing to the Bombay Stock Exchange.However, total income of the company rose to Rs 1,061.68 crore for the quarter ended June 30, as against Rs 1,021.79 crore in the same period year-ago. Regards,Free Indian Stock Tips T...

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Shopper's Stop posts 297% net profit in Q1

Leading retailer, Shopper's Stop, has clocked a 297 per cent jump in its net profit at Rs 10-crore in Q1 FY 11 as against Rs 2.5-crore in the year-ago period. The company reported a gross retail turnover of Rs 385.7-crore, up 25 per cent, as against Rs 308.1-crore in the year-ago period, a press release issued here today stated.Regards,Free Indian Stock Tips T...

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Engineers India Limited FPO oversubscribed to 11.63 times

The Rs 977-crore follow-on offer of the state-run Engineers India got an overwhelming response with the FPO getting oversubscribed to 11.63 times on the third day of the issue today, lapped by institutional investors. The offer, expected fetch up to Rs 977 crore to the government, received bids for over 39.18 crore shares against 3.36 crore equities on offer, thereby getting subscribed 11.63 times, as per the NSE data. Today was the last day for...

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Today's Free Short term Stock and Share Tips

------------------------------------------------------------------------------------------Today's Free Short term Stock and Share Tips------------------------------------------------------------------------------------------ABAN OFFSHORE BUY Above 900 target 930, 955 SL 850Regards,Free Indian Stock Tips T...

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SBI - Acquisition of State Bank of Indore

State Bank of India has informed BSE that the Government of India has issued the "Acquisition of State Bank of Indore Order, 2010" vide Order dated July 28, 2010. In terms of the said Order, the entire undertaking of State Bank of Indore shall stand transferred to and vested in the State Bank of India from the 30th day from the date of the Order, i.e. from August 26, 2010. The aforesaid Order has been issued under sub-section (2) of Section 35 of...

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Everest Kanto Cylinder Ltd. posted net loss of Rs.125.6 million for Q1

Everest Kanto Cylinder Ltd has announced the Unaudited financial results for the quarter ended June 30, 2010.The Company has posted a net loss of Rs (125.60) million for the quarter ended June 30, 2010 as compared to net profit of Rs 102.60 million for the quarter ended June 30, 2009. Total Income has increased from Rs 673.70 million for the quarter ended June 30, 2009 to Rs 787.90 million for the quarter ended June 30, 2010.The Group has posted...

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Godrej Industries Net Profit up 48.74 crore

Godrej Industries has posted consolidated net profit of Rs 487.40 million for the quarter ended Jun. 30, 2010 where as the same was at Rs 163.60 million for the quarter ended June 30, 2009. Total income is Rs 10,030.20 million for the quarter ended June 30, 2010 where as the same was at Rs 7,800.30 million for the same quarter a year ago.In view of change in the company`s shareholdings in some of the subsidiaries, joint ventures and associates, as...

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Indiabulls Financial Q1 PAT up by 81%

Indiabulls Financial Services Q1 PAT rises by 81% on a Total Revenue of Rs 471 Cr Indiabulls Financial Services (IBFSL), one of India’s leading and fastest growing private sector financial services company, today announced the unaudited results for the quarter ended June 30, 2010.The Consolidated Total Revenues stood at Rs. 471.09 crores in Q1 FY 11 while the Profit After Tax was at Rs. 133.63 crore on the back of sustained momentum in loan disbursals...

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Bharat Forge Q1 revenue up by 76%

Bharat Forge Limited, performance for First Quarter of the Financial Year 2010-11Combined revenue (BFL plus its wholly owned subsidiaries) reachedRs. 1,013 Crores, Standalone revenue reached Rs. 640 Crores.Stand-alone revenues for Q1 grew by 76.0% on a YoY basis to reach Rs. 640 Crores. EBITDA in Q1 grew by 110.7% to Rs 168.8 crores; EBITDA margins expand 440 basis points on a YoY basis. Wholly owned subsidiaries record impressive turn around.Bharat...

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RIL Q1 net profit seen up 2.3% at Rs 4820 cr

Mukesh Ambani group's flagship company Reliance Industries (RIL) is set to announce its results for the quarter ended June 2010. According to CNBC-TV18 estimates, its net profit is expected to go up 2.3% at Rs 4820 crore from Rs 4710 crore, on quarter-on-quarter basis (QoQ) and up 32.5% versus Rs 3636 crore on YoY basis. Sales are seen going up 3% at Rs 59300 crore from Rs 57570 crore (QoQ) and up 85% from Rs 32055 crore (YoY).Operating profit margin...

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Market view for the week July 26 to 30, 2010

The Sensex recorded yet another 52-week high last week and the response from the market participants was just as indifferent the previous week. There is no doubt about the fact that the short and medium-term trends are still up. The laboured manner in which the index is edging higher suggests that the intermediate term range between 15,500 and 18,500 continues to shackle the index. The fact that the medium term down-trends in global benchmarks has...

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Sesa Goa Q1 Results June 2010

Sesa Goa Results – Announces Qtr Ending June 2010 results,Sesa Goa net profit rose 152.01% to Rs 1025.51 crore in Qtr ending June 2010 for the financial year 2009-2010 compared to Rs 406.94 crore in qtr ending June 2009. Sales rose 101.77% to Rs 1899.18 crore in Qtr ending June 2010 for the financial year 2009-2010 compared to Rs 941.27 crore in qtr ending June 2009.Regards,Free Indian Stock Tips T...

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What is Dematerialization?

What is Dematerialization?Dematerialization is the process by which physical certificates of an investor are converted to an equivalent number of securities in electronic form and credited to the investor�s account with his Depository Participant (D...

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What is a Depository?

What is a Depository?A depository is like a bank wherein the deposits are securities (viz. shares, debentures, bonds, government securities, units etc.) in electronic fo...

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What is Index?

What is Index?An Index shows how a specified portfolio of share prices are moving in order to give an indication of market trends. It is a basket of securities and the average price movement of the basket of securities indicates the index movement, whether upwards or downwar...

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What is Mutual Fund?

What is Mutual Fund?A Mutual Fund is a body corporate registered with SEBI (Securities Exchange Board of India) that pools money from individuals/corporate investors and invests the same in a variety of different financial instruments or securities such as equity shares, Government securities, Bonds, debentures etc. Mutual funds can thus be considered as financial intermediaries in the investment business that collect funds from the public and invest...

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What is a Derivative?

What is a Derivative?Derivative is a product whose value is derived from the value of one or more basic variables, called underlying. The underlying asset can be equity, index, foreign exchange (forex), commodity or any other asset.Derivative products initially emerged as hedging devices against fluctuations in commodity prices and commodity-linked derivatives remained the sole form of such products for almost three hundred years. The financial derivatives...

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What is an Equity or Share?

What is an Equity or Share?Total equity capital of a company is divided into equal units of small denominations, each called a share. For example, in a company the total equity capital of Rs 5,00,00,000 is divided into 50,00,000 units of Rs 10 each. Each such unit of Rs 10 is called a Share. Thus, the company then is said to have 50,00,000 equity shares of Rs 10 each. The holders of such shares are members of the company and have voting righ...

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What is Stock Exchange?

What is Stock Exchange?The Securities Contract (Regulation) Act, 1956 [SCRA] defines 'Stock Exchange' as any body of individuals, whether incorporated or not, constituted for the purpose of assisting, regulating or controlling the business of buying, selling or dealing in securities. Stock exchange could be a regional stock exchange whose area of operation/jurisdiction is specified at the time of its recognition or national exchanges, which are permitted...

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Short term Financial Options

There are lot of short term financial options are available in financial world. But, one should take care while choosing short term investment options since it's fully risk involves.While the good side of short term investment, there are some low risk investments are also available. But, they yield less returns while comparing with high risk investments.Savings Bank Account is one of those investment which often the first banking product people use,...

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Various Investment Options

Here, we are going to see the various investment options available to invest. In our upcoming topics, we'll see which is the best invstment options to invest and which will give good/high returns.For getting high returns one should invest in physical assets or financial assets. Different options of physical and financial assets are listed here:Physical assets - Real estate, gold/jewellery, commodities etc. Financial assets - Fixed deposits with banks,...

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Interest Rates

What is Interest?When we borrow money, we are expected to pay for using it - this is known as Interest. Interest is an amount charged to the borrower for the privilege of using the lender's money. Interest is usually calculated as a percentage of the principal balance (the amount of money borrowed). The percentage rate may be fixed for the life of the loan, or it may be variable, depending on the terms of the loan.Which factors determine interest...

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Start Investing

Start Investing:In this topic, we are going to see when one to start investing and what factors one should consider while investing.When one needs to start invest?Invest Early - By investing early, one can allow their investments more time to grow, whereby the concept of compounding increases their income, by accumulating the principal and the interest or dividend earned on it, year after year.Invest Regularly - Investment doesn't mean the one time...

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Investment Basics

Investment Basics:Here, we are going to see about the investment basics, investment options, various investment types etc.,What is investment?The money you earn is partly spent and the rest saved for meeting future expenses. Instead of keeping the savings idle you may like to use savings in order to get return on it in the future. This is called Investment.Why should we need to invest?One needs to invest to: a)earn return on your idle resources b)generate...

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Free Intraday Stock and Share Tips for July 23, 2010

------------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 23rd, 2010------------------------------------------------------------------------------------------UNITECH BUY IN 87 target 89, 92 SL 85Regards,Free Indian Stock Tips T...

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Circuit Breakers

The index-based market-wide circuit breaker system applies at 3 stages of the index movement, either way viz. at 10%, 15% and 20%. These circuit breakers when triggered bring about a coordinated trading halt in all equity and equity derivative markets nationwide. The market-wide circuit breakers are triggered by movement of either the BSE Sensex or the NSE S&P CNX Nifty, whichever is breached earlier.� In case of a 10% movement of either of these...

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Capital Market Types

The Capital Market system has four types of market.1.Normal Market:Normal market consists of various book types wherein orders are segregatedas Regular Lot Orders, Special Term Orders, Negotiated Trade Orders andStop Loss Orders depending on their order attributes.2.Odd Lot Market:The odd lot market facility is used for the Limited Physical Market.3.Retdebt Market:The RETDEBT market facility on the NEAT system of capital market segmentis used for...

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Hot Stock for intraday trading July20

------------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 20th, 2010------------------------------------------------------------------------------------------EIH BUY IN 130 target 133, 137 SL 125Regards,Free Indian Stock Tips t...

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Today's Free Intraday Stock and Share Tips for July 19th, 2010

------------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 19th, 2010------------------------------------------------------------------------------------------GODREJ INDUSTRIES BUY IN 188 target 193, 197 SL 185Regards,Free Indian Stock Tips t...

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Today's Free Intraday Stock and Share Tips for July 16th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 16th, 2010-------------------------------------------------------------------------------------AMTEK AUTO BUY IN 193 target 197, 201 SL 188Regards,Free Indian Stock Tips teamprovided on the websi...

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Today's Free Intraday Stock and Share Tips for July 15th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 15th, 2010-------------------------------------------------------------------------------------FCS SOFTWARE SELL IN 3.30 target 3.10, 2.90 SL 3.50Regards,Free Indian Stock Tips t...

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Today's Free Intraday Stock and Share Tips for July 14th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 14th, 2010-------------------------------------------------------------------------------------UNITECH BUY IN 83 target 86, 90 SL 81Regards,Free Indian Stock Tips t...

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Nifty reclaims 5400 level and Sensex at 2½ yr closing high

Indian equity benchmarks ended on a positive note Tuesday after pullback in the afternoon taking cues from European peers. Investors took positions in index-heavy weights even as IT bellwether Infosys Technologies announced lower-than-expected first quarter results. Market opened on a subdued note in line with Asian peers and drifted lower as investors off-loaded Infosys shares. Positive opening of European and buying activity in index heavyweights...

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Today's Free Intraday Stock and Share Tips for July 13th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 13th, 2010-------------------------------------------------------------------------------------RELCAPITAL SELL IN 775 target 768, 760 SL 780Regards,Free Indian Stock Tips t...

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Today's Free Intraday Stock and Share Tips for July 12th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 12th, 2010-------------------------------------------------------------------------------------PUNJ LLOYD BUY IN Rs.138 Target1 Rs.143, Target2 Rs.147 and Stop Loss Rs.134Regards,Free Indian Stock Tips t...

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Infosys numbers to set the pace of market this week: Analysts

The Dalal Street is expected to extend the gains of the past sessions this week on hopes of a robust earnings season that begins with theInfosys numbers on Tuesday, and a rebound in the global markets, say analysts. "The market is likely to see a gap-up opening on Monday and will gain further as investor confidence is upbeat on hopes of a robust first quarter earnings, supported by a rebound in the global markets," Geojit BNP Paribas research head...

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Satyam promoters wrongfully gained Rs 2643 crore: CBI

CBI has revealed the findings of one of the India's biggest corporate fraud –Ramalinga Raju’s Satyam case. CBI has said that the promoters and family of the company has wrongfully gained Rs 2,743 crore. In its findings, CBI has stated that Satyam had inflated non-existent cash of Rs 5040 crore. It further said that that Satyam had understated liability of Rs 1,230 crore and over stated debt by Rs 490 crore.CBI has divulged that promoters of Satyam...

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Long-term market trend still in upmode

The stock market swung both ways again last week, but with somewhat larger falls than rallies. The Sensex ended the week 0.65% or 113.58 points lower, and the Nifty 0.61% down. The CNX Midcap Index managed a gain of 0.37%.ONGC was the biggest winner among index stocks with a 3.3% gain. The other index stocks to go up included NTPC,Reliance Infrastructure, Larsen & Toubro and Hindustan Unilever with gains between 3.1% and 1.0%.Sterlite Industries...

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Nifty closes above 5350; telecom, banks, metals, realty up

The benchmark Nifty has maintained uptrend for second consecutive day on Friday, led by global cues and closed above 5350 for the first time since June 21, 2010. Telecom, technology (barring TCS), financial, metal, realty and auto companies' shares helped the Sensex to rally 182 points.About 4 lakh shares added in open interest at 5400 call and also good surge in premium of 14.5 points. The Sensex closed at 17833, up 182 points and the Nifty was...

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Today's Free Intraday Stock and Share Tips for July 7th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 7th, 2010-------------------------------------------------------------------------------------BHARAT FORGE BUY IN Rs.310 Target1 Rs.318, Target2 Rs.323 and Stop Loss Rs.305Regards,Free Indian Stock Tips t...

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Sensex ends 173 pts higher on global cues; IT, banks gain

The benchmark Sensex bounced back on Tuesday after witnessing losses for the previous three consecutive days and closed 153 points higher. The rally was led by positive global cues, which was imminent after losses as well as some consolidation in the last few days.European markets like CAC, DAX and FTSE were trading 2-3% higher while Dow Jones futures gained 1% and Nasdaq futures went up 1.4%, at the time of closing of Indian equities. Even commodities...

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Sensex trading flat

Nifty was trading flat amid less volatility. It was a lackluster session for the markets on account of strike by BJP. The volumes were sluggish today which clearly indicated lack of participation by investors and traders in market. The turnover might be close to Rs 50,000-60,000 crore at the end of trading session, which will be 40% less than average volume. The Sensex was up 7.74 points or 0.04% at 17468.69, and the Nifty was up 3.30 points or 0.06%...

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Today's Free Intraday Stock and Share Tips for July 5th, 2010

-------------------------------------------------------------------------------------Today's Free Intraday Stock and Share Tips for July 5th, 2010-------------------------------------------------------------------------------------RELIANCE INFRA BUY IN Rs.1195 Target1 Rs.1205, Target2 Rs.1215 and Stop Loss Rs.1185Regards,Free Indian Stock Tips t...

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RBI ups repo, reverse repo by 25 bps

In an unexpected move, the Reserve Bank of India (RBI), on Friday, raised the repo and reverse repo rates by 25 basis points each. This means that the repo rate, which is the bank's main lending rate, has been hiked from 5.25% to 5.50% and the reverse repo rate, which is the key borrowing rate, has been increased from 3.75% to 4% with immediate effect.The additional liquidity support to scheduled commercial banks under the LAF to the extent of up...

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Today's Free Intraday Stock and Share Tips for July 2nd, 2010

------------------------------------------------------------------------------------- Today's Free Intraday Stock and Share Tips for July 2nd, 2010-------------------------------------------------------------------------------------RELIANCE CAPITAL BUY IN Rs.750 Target1 Rs.760, Target2 Rs.765 and Stop Loss Rs.745 Regards,Share to ...

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