Daily Result Updates

Reliance Communications: In-line 1QFY08 results, low increase in costs a positive surprise; fine-tuned estimates

Tata Steel: 1Q 2008 results'Volumes, dilution disappoint; maintain U

Tata Motors: 1Q net profit at Rs4.7 bn grows 22% yoy; margins under pressure

Cairn India: 2QCY07 results hit by forex loss; strong otherwise in line with high crude prices

i-flex solutions: Another weak quarter'de-listing expectations supporting expensive valuations. Maintain Underperform rating

Bharat Electronics: Disappointing results with low execution and margins decline

Aditya Birla Nuvo: Standalone results below expectations, but does it really matter?

HPCL: Another wasted quarter but probably a good time to buy when nobody is looking

Jet Airways: Results miss expectations, near-term outlook remains challenging

Oriental Bank of Commerce: Lower provisioning support profit growth, retain IL

India Cements: 1QFY08- Targeting 15 mn tpa capacity by FY2010; retain IL with target price of Rs200/share

HT Media: Slightly weaker-than-expected 1QFY08 results; reduced estimates moderately

India Infoline: Operating in line, raising estimates but downgrade to Underperform

Godrej Consumer Products: 1QFY08: Price hikes aid revenues growth and retain margins

Dredging Corporation of India: Better-than-expected numbers led by in-chartered dredgers

SREI Infrastructure Finance: Growth on track, profit in-line, retain IL

Change in recommendations

Reliance Energy: Sasan in the bag'4,000 MW capacity addition on fast track

Updates

Infosys Technologies: Key takeaways from Infosys analyst meet; Reiterate outperform rating

Banks/Financial Institutions:

RBI quarterly credit policy a net negative for the banking sector
1QFY08 operational performance disappoints

Daily Result Updates - August 1 2007