Saturday, 13 April 2013

Market updates on 13 April 2013

Infosys results are disappointing. The guidance of the IT companies is bad, but less than 10 per cent growth in Infosys guidance is bad enough.

Infosys' utilization is much lower than other IT companies. The company is on track to return could take 3-4 quarters. EPS growth in the coming days is expected to be better than revenue growth.

Commodity market: - Gold has lost nearly 5.5 per cent and the price came to $ 1,482. With nearly 7 per cent while silver is at $ 25 per ounce.


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  3. • TVS Motor acquires 24% stake in online marketplace RentOnGo.
    • Maruti CEO Kenichi Ayukawa's salary up 6% at Rs 4.2 cr in 2016-17.