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NIIT Tech has large exposure to high-growth niche verticals such as insurance and travel. New service lines would boost non-linear growth and lead to improvement in realizations. NIIT Tech has no exposure to the PIIGS zone and it has been able to achieve volume growth in Europe despite economic headwinds.

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M&M, with a major rural presence, is expected to benefit from strong monsoons this year. New product launches in the automobile segment would help it record 20.8% and 13.2% growth in FY11 and FY12 respectively. The tractor segment too is expected to grow 10.3% in FY11 on increased demand from the construction and infrastructure sectors.

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Uptick in discretionary IT spend will continue to provide robust revenue growth for HCL Tech. Recovery of the BPO segment will also provide support to operating margin in FY12. Further strengthening of EUR against USD will have positive near-term impact. What will move the stock?

We expect GPIL to benefit from earnings CAGR of 50% over FY10-FY12 on volume growth and margin expansion driven by the recently commissioned Ari Dongri mine, 0.6mntpa pellet plant, and 20MW biomass power plant. We expect the 0.6mntpa pellet plant of 75% subsidiary Ardent Steel to provide additional earnings growth (not factored in our estimates).

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As per reports, Dr Ashish Patel, director of Tejnaksh Healthcare's Institute of Urology in Dhule, has made it to the Guinness Book of World Records as he removed more than 1,72,155 stones from a single kidney of the patient.

Patel conducted the surgery on one of his patient Dhanraj Wadile in December last year when he reported trouble in stomach for six months.

The diagnosis revealed that Wadile is suffering from Pelvi-Ureteric Junction obstruction of the left kidney, which was drooping from its normal position.

Lockouts at its Cochin facility and Dunlop (South Africa) operations took a toll on Apollo Tyres' Q2FY11 results. Exacerbating this, high natural rubber prices impacted margins. Rubber supplies have been disrupted due to unseasonal weather in India and South East Asia, spiraling prices to an all-time high of Rs200/kg. Domestic players have made 3-4 rounds of price increases and another round is expected soon. Demand momentum is expected to continue in domestic markets. While domestic business is on a difficult turf, overseas subsidiaries are expected to contribute Rs1.9bn in profits in FY11.

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