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Equity Research Report: Religare Morning Digest

We believe the overall negative bias would only reverse if the Nifty sustain decisively above 7950 mark, otherwise profit taking will resume.
21 Oct 2014 | 07:00 AM

Corporate News: 

Hero MotoCorp plans to invest over Rs 5,000 crore across the globe, including manufacturing plants at Colombia and Bangladesh and new facilities at Gujarat and Andhra Pradesh.

NTPC commissioned a 110 kWp rooftop solar plant at its engineering office complex.

Exide Industries announced a 6% rise in net profit in the July-September quarter to Rs. 125.76 crore. The company had posted a net profit of Rs. 118.63 crore in the July-September period of 2013-14 fiscal.

Results as on Oct 20, 2014: Biocon, Cairn, HDFC Bank, JSW Steel, PNB & Tata Coffee.

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