TopNews

Chambal Fertilisers' (CFCL) Q3FY11 standalone results were better than our expectation as net sales grew by 18.6% YoY to Rs13.6bn against our estimate of Rs12.1bn on the back of higher trading volumes. Increase in OPM by 39bps to 16.9% owing to higher trading margins YoY, coupled with 40.9% surge in other income resulted in net profit rising by 34.7% to Rs1.1bn.

Yamuna, the popular actress who has been seen in many films and serials and was well appreciated for her roles in popular daily soaps has reportedly been caught red handed in a prostitution racket.

The actress was reportedly amongst a big group of such racketeers caught red handed at a high end hotel in Bangalore recently.

Technical analyst Kunal Saraogi maintained 'buy' rating on Hindustan Zinc Limited stock with a short term target of Rs 1440.

According to analyst, the stock can be purchased with a stop loss of Rs 1335.

The stock of the company, on January 24, closed at Rs 1368.20 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 1438 and a low of Rs 924 on BSE.

Current EPS & P/E ratio stood at 103.88 and 13.17 respectively.

Technical analyst Ashutosh Sarna maintai

Technical analyst Anil Singhvi has maintained 'buy' rating on Wipro Limited stock to achieve an intraday target of Rs 475.

According to analyst, the investors can purchase the stock with a stop loss of Rs 437.

The stock of the bank, on January 24, closed at Rs 444.35 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 499.90 and a low of Rs 327.25 on BSE.

Current EPS & P/E ratio stood at 20.93 and 21.26 respectively.

Geometric reported USD revenue growth of 10.5%QoQ led by robust volume growth of 8.9%QoQ and pricing improvement of 1.4%QoQ.

Strong volume growth, uptick in pricing - Revenues grew7.4%QoQ to Rs1,632mn (PINCe - Rs1,579mn) led by strong volume growth and a positive surprise in pricing which grew on the back of higher IP revenues. EBIDTA margins dipped 132bpsQoQ on the back of a mid term salary hike of 7% and a one time G&A cost. Forex gain of Rs43mn and lower tax rates supported the bottom-line which grew 10.6%QoQ to Rs153mn.