Recommendation: Buy

Current price: Rs 55 (at the time of publishing this tip)

Target price: Rs 75

Key points:

While the prices of sunflower, corn and rice bran oils have declined in the past few months, the hardening of the price of its key raw materials - copra and safflower oil - most important factors for Marico. These two commodities showed a significant decline in February 2009. Prices of copra, the key raw material for Parachute, have declined by 4.9% month on month (down 12.4% compared …

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Recommendation: Buy

Current price: Rs 1,200 (at the time of publishing this tip)

Price target: Rs 1,375

Key points:

The macro business environment has worsened further since the last commentary by Infosys Technologies’ management. In the recent interaction, the management has indicated higher than expected pricing pressure, project cancellations and considerable decline in the IT budgets of its clients.
The worsening situation has been further aggravated by the BFSI clients, with large global players like the Bank of America, Citibank, AIG and the RBS looking for …

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Financial services firm UBS feels that India is, still, one of the most attractive places in Asia at present, reports the Economic Times of India. In fact, UBS has upgraded India from moderate underweight to overweight as it feels that valuations have improved substantially and that the Indian economy is less affected by the global financial crisis than most other markets. The foreign financial major, however, does expect further weakness in the coming quarters. Among Asia’s leading economies, China remains UBS’ largest …

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