The Indian markets posted losses for the third consecutive week owing to worries over inflation, rising interest rates coupled with series of scams and FII outflows.During the week, the Nifty slipped below 5200 levels, however managed to close above that mark. The Sensex swung 885 points and the Nifty 263 points during the week. To close the week, the Sensex settled at 17729, lower by 280 points or 1.55% and the Nifty at 5310, down by 86 points or 1.59%.
Stocks To Watch Today,
ITC Ltd,
Cpm:155.25,
Action:Buy,Hold
Target:190.
Gujarat State Petronet Ltd,
Cmp:94.25,
Action:Buy,
Target:110.
PTC India Ltd,
Cpm:87.95,
Action:Buy,Hold,
Target:105.
Madras Cements Ltd,
Cmp:94.10,
Action:Buy,
Target:140.

Madras Cements Q3 net profit up 172% yoy

Madras Cements delivered impressive performance in Q3FY2011 with net profit increased by 172% YoY to Rs43.5 croreThe net sales remained flat on YoY to Rs579.2 crore. The net sales also include revenue of Rs12.6 crore from windmill division.The operating profit margin (OPM) for the quarter expanded by 7 percentage points YoY to 25.6%. The margin expansion is on account of surge in the realisation