Thursday, October 21, 2010

Vodafone to launch India 3G services in Q1 next year

Vodafone Essar, India's third-biggest mobile carrier, will launch third-generation (3G) services in the first quarter of 2011, Managing Director Marten Pieters said on Thursday. The telecom major will spend additonal USD 400-500 mn in rolling out 3G across India.


On an optimistic note, Vodafone said that it will showcase variety of offerings and applications via 3G. Vodafone informed that pricing of the premium service will be competitive and product based.



Vodafone Essar, controlled by Vodafone, won 3G radio airwaves in an auction earlier this year in nine of India's 22 telecoms zones. The company last week named Nokia Siemens Networks and Ericsson as its 3G equipment suppliers.


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Cadila Healthcare a market performer: Karvy Stock Broking

Karvy Stock Broking has given a market performer rating on Cadila Healthcare with a target of Rs 726 in its October 20, 2010 research report.


?Cadila Healthcare Q2FY11 net revenues grew 21.2% y-o-y to Rs 11.1 billion higher than our estimates of Rs 10.5 billion. Domestic Formulations (DF) business witnessed 18.6% y-o-y increase to Rs 4668 million higher than our estimate of Rs 4516 million. US business increased 40.8% y-o-y to Rs 2258 million during Q2FY11 on the back of higher market share gains in existing products in the US market. Revenues in the US business were significantly higher than our estimates.?


?Cadila's EBITDA margins of 21.9% were lower than our estimates during Q2FY11 primarily due to other operating income reported at Rs 103.7 million vis-a-vis our expectation of Rs 290 million. Lower depreciation and tax expenses led to higher than expected net profit of Rs 1708.4 million (our estimate Rs 1579.7 million).?


?We have upgraded our revenues by 2.5 % for FY 2011E to Rs 44.5 billion and by 3.2 % to Rs 52.2 billion for FY 12E on back of better performance in domestic formulations, US revenues and consumer business. We ugrade our FY 2011E EPS estimates by 5.1 % to Rs 31 and our FY 2012E estimates by 5.2 % to Rs 38.2. We upgrade our price target by 6.6 % to Rs 726 based on 19x FY 2012E. We maintain our Marketperformer rating on the stock with a target of Rs 726,? Karvy Stock Broking research report.


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ACC Q3 cons net profit down 79% at Rs 86.3 cr

ACC has announced its third quarter results. The company?s Q3 consolidated net profit was down 79% at Rs 86.3 crore versus Rs 415 crore.


Its consolidated net sales were down 15.31% at Rs 1,759 crore versus Rs 2,077 crore.



The company's trailing 12-month (TTM) EPS was at Rs 78.77 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 12.16. The latest book value of the company is Rs 320.11 per share.


At current value, the price-to-book value of the company was 2.99. The dividend yield of the company was 2.4%.

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South Indian Bank Q2 net profit up at Rs 77 cr

South Indian Bank has declared its second quarter results. The company?s Q2 net profit was up at Rs 77 crore versus Rs 72.6 crore.


Its NII was up at Rs 198 crore versus Rs 165 crore.



The company's trailing 12-month (TTM) EPS was at Rs 2.05 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 13.54. The latest book value of the company is Rs 12.98 per share.


At current value, the price-to-book value of the company was 2.14. The dividend yield of the company was 1.44%.

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Take profits in TCS: Rajesh Jain

Take profits in TCS,


Jain told "I think TCS numbers have been good but do not have the outperformance required to trigger off an upgrade or a rerating in any of these stocks or sectors. So essentially the numbers that you have got have been discounted in September and if you see every four-five results that have come out, have been followed by a dip in the ticker prices, not very sharp cuts but certainly anything from 0.5% to 1.5% kind of sell-offs we have seen in stocks essentially signaling that all the news was discounted and the results are nothing new to offer."


He further added, "I certainly think that TCS could be a little on the expensive side at the projected earnings per share of 36-37, the stock is already greater than 25 times. So I don?t see too much upside potential on a fundamental basis unless TCS does a repeat of the last quarterly numbers and gives a tremendous outperformance. Only in that situation, is a hold warranted on this stock."


"I completely believe that one should take one?s profits in this stock and if one wishes to stay invested in the technology sector, then HCL would be a better play because in terms of headroom for growth and the upside potential, I think HCL Tech is better poised than TCS perhaps."

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eClerx Services Q2 cons net profit up at Rs 27.6 cr

eClerx Services has declared its second quarter results of FY11. It has reported consolidated net profit up at Rs 27.6 crore as against Rs 16.1 crore.
Its consolidated net sales increased to Rs 82.3 crore from Rs 62.3 crore.


The company's trailing 12-month (TTM) EPS was at Rs 31.51 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 19.55. The latest book value of the company is Rs 83.32 per share.



At current value, the price-to-book value of the company was 7.39. The dividend yield of the company was 2.84%.

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Zensar Tech Q2 cons net profit down at Rs 27.5 cr

Zensar Technologies has announced its second quarter results of FY11. It has reported consolidated net profit of Rs 27.5 crore against Rs 32.5 crore (QoQ).
Consolidated net sales rose to Rs 263 crore from Rs 251 crore (QoQ).


The company's trailing 12-month (TTM) EPS was at Rs 21.06 per share. (Jun, 2010). The stock's price-to-earnings (P/E) ratio was 7.67. The latest book value of the company is Rs 68.08 per share.



At current value, the price-to-book value of the company was 2.37. The dividend yield of the company was 3.4%.

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