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Equity Research Report: Religare Morning Digest

Broader markets will remain volatile, therefore; participants are advised to maintain stock specific approach in near term and religiously follow risk management rules to avoid any unmanageable loss.
12 Jan 2015 | 07:00 AM

Corporate News: 

Infosys has posted net profit of Rs. 3,250 crore, a 5 per cent increase over the previous quarter and a 13 per cent rise when compared to the same period last year, on higher volume and improved utilisation rates.


Domestic passenger car sales rose 15.26 per cent to 1,52,743 units in December 2014 as compared to 1,32,524 units in December 2013. Motorcycle sales last month declined 3.52 per cent to 7,79,908 units from 8,08,389 units a year earlier, according to SIAM.

Tech Mahindra has signed a definitive agreement to acquire SOFGEN Holdings, a niche consulting and services company specialising in private /wealth, commercial and retail banking solutions. 

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