Monday, February 21, 2011

Share market updates

WPI inflation rate for January is likely to come down to 8.01% in January from 8.43% a month ago. Its positive on bank shares as inflation seems to be moderating a
bit, with recent data showing primary articles inflation for the week ended
Jan 29 slipping to 16.24% from 18.44% a week ago

Tata Motors are likely to extend gains as the
company reported much higher than consensus estimates for Oct-Dec minutes before trading ended on Friday. In Oct-Dec, Tata Motors' consolidated net profit jumped nearly four-fold to 2424 cro, which is sharply higher than street estimates of 2090 cr
The company's consolidated net sales rose 21.6% on year to 315.06 bln
rupees during the period.

Hindalco Industries is likely to slip on reporting lower-than-expected
Oct-Dec net profit of 4.60 bln rupees. Analysts had estimated it at 5.45 bln

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