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Glaxosmithkline Pharma (GLXO) - Qtr. Update - Dated - April 17, 2014

GSK Pharma’s (Bloomberg: GLXO IN) Q1CY14 revenue (down 5% YoY at Rs 6 bn) was 4% below our estimate. EBITDA margin at 14% was...

17 Apr 2014 Axis Capital Limited 4 $35.00

Mind Tree (MTCL) - Qtr. Update - Dated - April 16, 2014

Mindtree (Bloomberg: MTCL IN) reported 4.5% QoQ growth in Q4 led by strong growth in IT services and re-bound in Hi-tech vert...

17 Apr 2014 Axis Capital Limited 4 $35.00

Tata Consultancy Services (TCS) - Qtr. Update - Dated - April 16, 2014

Higher large deal wins, aggressive client mining, and double-digit salary hike signal much higher optimism for the year ahead...

17 Apr 2014 Axis Capital Limited 4 $35.00

IndusInd Bank (IIB) - Qtr. Update - Dated - April 16, 2014

IndusInd Bank (Bloomberg: IIB IN) unveiled Phase 3 of its planning cycle even as it reported better than expected performance...

17 Apr 2014 Axis Capital Limited 6 $58.00

Economy (CPI & WPI Rise as seasonality, Base effects kick in) - Eco Update - Dtd. - April 15, 2014

CPI Inflation rose as expected in March - the first time in 4 months to 8.3% YoY (8% YoY in Feb), on higher food (9.1% YoY ag...

16 Apr 2014 Axis Capital Limited 2 $12.00

CMC Ltd. (CMC) - Qtr. Update - Dated - April 15, 2014

CMC’s (Bloomberg: CMC IB) reported PAT was substantially higher than our expectation led by favorable decision in a legal c...

16 Apr 2014 Axis Capital Limited 4 $35.00

Infosys Ltd. (INFO) - Qtr. Update - Dated - April 15, 2014

An in line Q4 and a better FY15 guidance signals worst may be behind for Infosys (Bloomberg: INFO IB). However, FY15 margin w...

16 Apr 2014 Axis Capital Limited 4 $35.00

Banking & Financial Sector - Sector Update - Dated - April 15, 2014

The Companies Act, 2013 (relevant provisions of which came into effect from 1st April 2014) requires NBFCs to (1) create a De...

16 Apr 2014 Axis Capital Limited 4 $35.00

Dr. Reddy's Labs (DRRD) - Company Update - Dated - April 15, 2014

Dr. Reddy’s Lab (Bloomberg: DRRD IB) behaves like a dog at stretches, then springs like a cat! The “dog-stretches” do test on...

16 Apr 2014 Axis Capital Limited 6 $58.00

Zee Entertainment (Z) - Event Update - Dated - April 11, 2014

As a fallout of TRAI’s regulation on content aggregators, the 50:50 joint venture between Star Den (distribution arm of Star ...

16 Apr 2014 Axis Capital Limited 4 $35.00