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Equity Research Report: Religare Morning Digest

Our overall bias is on the positive side hence dip can be utilized for fresh entry. Caution must be taken as earning season is not over and F&O expiry is scheduled this week.
28 Oct 2014 | 07:00 AM

Corporate News: 

Hindustan Unilever Limited (HUL) has reported an 8 per cent increase in its net profit at Rs. 988 crore in the second quarter ended September 30, 2014 as compared to Rs. 913 crore in the year ago period. The net sales stood at Rs. 7,465 crore in the same quarter, up by 9.6 per cent, as compared to Rs. 6,747 crore last fiscal.

Kajaria Ceramics reported a 47.65 per cent jump in consolidated net profit at Rs. 39.75 crore for the quarter ended September 30, 2014. Its Q2 net sales rose to Rs. 537.70 crore, up 16.05 per cent, from Rs. 463.32 crore in the year-ago period.

Results as on 28 Oct 2014 : ABB, Lupin, Ranbaxy, ING Vysya Bank, Nestle India.

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