With global prices of sugar firming up, the outlook on the entire sector has vastly changed, putting India in an advantageous position. Raw sugar prices have moved above 28 cents per pound and white sugar, above US $ 708 per MT. With drought in Brazil and floods in Pakistan, the global supply is expected to […]

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Reiterate ‘buy’ on Bajaj Auto – TP maintained at Rs.1530  Company has reported better than expected 2QFY11 result. EPS at Rs.23.6 is higher by 57% y-y.  Operating profit margin at 20.7% was up by 60bps over the street estimate.  Better than expected sales of Pulsar and Discover 150 coupled with domestic and

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Reiterate ‘buy’ on Infosys – TP hiked to Rs.3500  Buy call on Infosys is reiterated with a one year target price of Rs.3500, as the company’s second quarter performance looked above street estimates.  Performance of the company in 2QFY11 appears to be the strongest one since September 2006.  Strong USD revenue growth