HDFC Ltd has reported a growth of 39% in interest income and 10% growth in net profits YoY during the results declared for Q3 FY 2012. Results Summary HDFC reported a 39% YoY growth in Interest income in the first 9 months of FY12 on the back of 21% YoY growth in advances. Net Interest Margin (NIM)...

Tata Consultancy Services (TCS)  reported a 6.3% QoQ growth in sales and a 7.9% QoQ decline in net profits in its Q1 FY 2011-2012 (1QFY12) results. Performance at a Glance Net sales grew by 6.3% QoQ in 1QFY12, largely driven by 7.5% growth in volumes.  Operating margins declined by 2.4% QoQ due to...

Check out the top stock picks of the day for trading  recommended by Shrikant Shetty, Head- Equity Advisory, Unicon Securities. Godrej Ind Recommendation: Buy Last Close: Rs 189.40 Target: Rs 220 Stop Loss: Rs 180 Godrej Ind closed with a bullish hammer and has been trading above the medium-term moving...

Following calls have been recommended for intra-day trade by Mehta Equities on Apr. 29, 2011 GSFC: Buy above Rs 379 with target of Rs 383 / 385-86. Prices have been rising steadily forming a series of higher bottoms. Yesterday`s smart rise pushed prices out of a narrow sideways consolidation and have...

Oil & Natural Gas Corporation (ONGC) is the largest Indian oil & gas enterprise and the most valuable PSU by market cap ( controlling ~60% of market share in its industry). The company is also present overseas via its wholly owned subsidiary ONGC Videsh (OVL), which is currently operating in...

ITC is the market leader in the Indian tobacco space, as its foray into FMCG, particularly foods and cigarettes. The company has been able to build strong positions in completely new businesses such as soaps, packaged staples and snacks over the past few years. This adds another strong leg to the medium-term...

Check out the top stock picks of the day for trading  recommended by Somil Mehta, Sr Tech Research Analyst (Equity), Sharekhan IFCI Ltd Recommendation: Sell Last Close: Rs 53.65 Target: Rs 47 Stop Loss: Rs 56 The stock has broken the bearish triangular pattern on the lower side and has also completed...

Power Finance Corporation (PFC) declared its financial year 2011 results. The institution reported a 27% YoY and 11% YoY growth in interest income and net profits respectively. Here is our analysis of the results. Performance summary Net interest income rises by 24% YoY during FY11 on the back of 25%...

Tata Consultancy Services (TCS), India’s largest IT Services company, has announced the fourth quarter results of financial year 2010-2011. The company has reported a 5.1% QoQ growth in sales and 10.7% QoQ growth in net profits, and proposed  an interim dividend of Rs 8 per share for this quarter.

Following calls have been recommended by ICICI Securities for intra-day trade on Apr. 15, 2011: Bharti Airtel Buy above Rs 370.50 with target of Rs 378/381.70/higher and stop loss of above Rs 366.70. Comment: Breakout above sideways consolidation range with strong volumes. Bombay Dyeing Buy above...