Tuesday, August 3, 2010

Live Share Market Update

ACC, Ambuja fall on weak cement sales. as July sales dipped over 12% on
year. Ambuja Cements declined 0.6% as July sales fell 1.4% on year

ICICI Bank, rising nearly 1.5% on the back of
Strong Apr-Jun earnings.
Jaiprakash Associates rose nearly 1%, led by a 60% on-year rise in
July sales.
NMDC advanced nearly 3%; the company's Apr-Jun net profit soared 94% on
year on high iron ore prices.

Sintex Industries was recommended in Jan, 10 at Rs 259 for initial Target Rs 338, which was later upgraded to Rs 379. The Stock reached our target of Rs 379 in July. We would recommend the investors to Hold the stock for further appreciation. CMP 367.

Hindalco is expected to report a y-o-y rise of around 15% in Net profit to Rs 5,56 Crore for the quarter.

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