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Equity Research Report: Religare Morning Digest

We expect intraday volatility will continue and it will trouble the day traders. Keeping that in mind, we advise to uphold stock specific approach and maintain strict risk management rules.
14 Jan 2015 | 07:00 AM

Corporate News: 


Lakshmi Vilas Bank reported an over four-fold jump in its standalone net profit at Rs. 32.55 crore for the third quarter ended December 2014 on lower provisioning for bad loans. The net profit of the bank in the corresponding quarter of the previous fiscal stood at Rs. 7.42 crore.

IndusInd Bank's net profit jumped 29 per cent year-on-year to Rs 447 crore supported by higher other income and lower provisioning. Net interest income grew by 18 per cent y-o-y to Rs 861 crore in the three months to December, which compares with estimates of Rs 889 crore.

Results on 14 Jan 2015: BAJAJFINSV, BAJFINANCE, LICHSGFIN, NIITTECH, YESBANK

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