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Patni Computer net profit surges 92% QoQ

Posted on: July 30th 2009 in Stock News.

MUMBAI: Patni Computer Systems, a mid-size IT company, reported better than expected results for the quarter ended June 2009. Growth in volume coupled with significant cost rationalization measures resulted in a quarter-on-quarter growth of 92% in net profit to Rs137 crore. The stock ma…

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Top 10 FMCG Stocks To Buy Now

Posted on: July 13th 2009 in Press Releases.

FMCG companies have come out as distinct winners of the Budget. The Budget has allocated a lot of funds to rural India. In fact, in the post-Budget rally, the FMCG index of the BSE has outperformed the Sensex by giving a return of over 4% against a decline of almost 10% by the Sensex. Ot…

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Rakesh Jhunjhunwala On Future Of Indian Stock Markets

Posted on: June 23rd 2009 in Market Outlook.

Here is an interview taken on CNBC TV18 of veteran investor in Indian stocks, Rakesh Jhunjhunwala. He is speaking about future of Indian stocks in next few years in this interview. “If the Nifty breaks 4650 decisively and holds for a week or so, it could hit 5900-6000,” Jhunjhunwala …

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Buy Bhushan Steel, target of Rs 504: PINC Research

Posted on: May 9th 2009 in Brokerage Recommendations.

PINC Research has recommended a buy rating on Bhushan Steel with a price target of Rs 504 in its May 06, 2008 research report. “Bhushan Steel’s Q4FY09 results were above expectations as net sales declined marginally by 8% to Rs 12.1 billion. The decline was arrested by higher sal…

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