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beyond dcf
With the “capital raising window” wide open at present and with the stock market roaring away, corporate India’s incentive to resort to creative accounting in FY10 are greatly heightened in comparison to FY09
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While it may be reasonable to expect earnings upgrades going forward, the extent of revisions, most probably, is not going to trigger a significant re-rating of stocks
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Strong revenue growth in enterprise application services and earnings stability could improve valuations for HCL Technologies
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Fast-growing demand for high quality rail equipment from ongoing metro rail projects is opening up huge opportunities for Stone India
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A track record of poor execution and increasing traction among private players will keep NTPC’s valuations under check
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US consumer confidence rises to its highest in a year and a half in January, but with unemployment stubbornly high, the optimism may not last long
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Thanks to post-modernist influences, sculpture in India has acquired a completely new avatar
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interview
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As the markets slip down further and heavyweights take a pounding, high beta stocks should be off investors’ radar
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Backdrop: A more than 8 per cent drop in the market over just ten trading sessions has set off concerns about a slide again
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Falling retail subscription levels indicate tough times in store for the new issue market
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Commodities set for biggest drop in 13 months on weak demand outlook
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Economy Watch
The credit policy’s tone suggests that the central bank is more concerned about inflation, while being mindful that the measures it takes should not adversely impact growth
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Emerging market stocks fall 10 per cent from peak on rate tightening fears
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Emerging market funds lose their charm following outflows of near $4 bn in just four trading days between Jan 22 and 27
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Indian Hotels is looking at a turnaround by cutting down debt and improving domestic operations, but the environment remains challenging
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Mutual funds remain net sellers in the equity market in January, for a fifth month in a row
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Large-cap multiples stay high despite FII selloff, while cheap mid-caps continue trekking north
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The recent increase in cement prices has not changed the prospects for the sector which is expected to suffer from overcapacity
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