Equity Research Report ways2capital.com 20 May 2015

INDORE, India - May 20, 2015 - PRLog -- NSE - WEEKLY NEWS LETTERS
✍ NBCC signs MoU to Develop four Properties of WAQF Board  -     National Buildings Construction Corporation Limited has announced that further in compliance of the General MOU signed between NBCC & NAWADCO on September 8, 2014 for the development of various properties of WAQF Board, Project specific MOU has been executed for the development of four (4) properties i.e. Gulistan Shadi Mahal, Masjid-e-Mavalli, Dargah Hazrat Attaullah Shah in Bangalore and Takiya Chand Shah in Jodhpur involving an overall construction cost of Rs. 398 Crore.

✍ Asian Paints slips 3% post Q4 earnings     - Asian Paints was the top Nifty loser - down 3.3 percent on reporting a lower-than expected earnings. The company reported 18.8 percent increase in Q4 net profit, which stood at Rs. 341 crore in Q4FY158, as against Rs. 287 crore in Q4FY14. Total Income is Rs. 35,774.10 million for the Quarter ended March 31, 2015 where as the same was at Rs. 33,381.90 million for the Quarter ended March 31, 2014. The stock has hit a high of Rs. 818 and a low of Rs. 762 on NSE today. Total traded quantity on the counter stood at over 67.59 lk shares on NSE.

✍ Airtel starts 4G trial in Mumbai     - Bharti Airtel has launched 4G trials for its existing customers in Mumbai. As a part of this, Airtel customers across the city can now avail complimentary upgrade to Airtel 4G at 3G prices."We want our existing customers to be the first ones to enjoy the Airtel 4G experience and are offering them a free upgrade to Airtel 4G at the same price as 3G," Gujarat Ashok Ganapathy Bharti Airtel CEO for Mumbai, Maharashtra and Goa said in a statement.


✍ The wholesale price index (WPI) fell to a new low of 2.65% for the month of April, 2015, after declining to 2.33% in the previous month, as per government data. This is the sixth straight decline in wholesale prices, a clear indication that inflationary pressures in the economy remain muted.

✍ Suzlon Energy bags order from Mytrah Energy - Suzlon Group, one of the leading wind turbine manufacturers and Mytrah Energy, a leading Independent Power Producer (IPP) today announced that Suzlon will supply 98MW project to Mytrah at Nazeerabad in Ranga Reddy district of Telangana state. It is scheduled for commissioning in 2016. Suzlon’s role in the project involves installing and commissioning 47 WTGs of its revolutionary S97 120m Hybrid Tower WTGs with rated capacity of 2.1MW each. The order is part of the Business Partnership Agreement (BPA) signed with Mytrah in May 2010 to purchase 1 GW of turbines from Suzlon Group.
The project is the 3rd repeat order awarded by Mytrah to Suzlon Energy. Suzlon has already commissioned 310MW wind energy project for Mytrah so far and 205 MW is under execution in Rajasthan, Maharashtra & Andhra Pradesh.

✍ Govt betters financial targets for FY14-15 - According to the ministry of finance, fiscal deficit for 2014-15 is pegged at 4% of the gross domestic product (GDP) against the target of 4.1%. Revenue deficit is pegged at 2.8% of the GDP as against the target of 2.9% of GDP, marking a sharp improvement over 3.2% for 2013-14. The fiscal deficit at the end of 2014-15, stands at Rs. 5,01,880 crore which is 98% of the projected figure in RE 2014-15. Fiscal deficit as a percentage of GDP is 4% as against the RE of 4.1%. (4.4% for the previous year 13-14), finance ministry said in a statement. "The Union government is firmly committed to path of fiscal consolidation and this is a step forward," the ministry added. Revenue deficit at the end of 2014-15 is Rs.3,58,306 crore which is 99% of the projected figure in the RE 2014-15 and is 2.8% of the GDP as against the RE of 2.9% (3.2% for the previous year FY13-14), it said.

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