New Release
Economy: Monetary policy activism to contain downturn well-founded but has its
limits
Results
Idea Cellular: Execution risks come to the fore. Significant earnings miss.
Maintain REDUCE
Canara Bank: Strong loan growth and low provisions support earnings
Titan Industries: Golden performance in jewelry segment
Petronet LNG: In-line 2QFY09 results but future of imported LNG looks gloomy
HT Media: Weak 2QFY09 results on one-off marketing expenses and higher
interest costs
Shree Cement: Sale of surplus power, clinker aids sales and profit growth
MindTree Consulting: A stellar operating quarter. Maintain BUY
Updates
Federal Bank: Operational profits remain healthy, retain BUY
Banks/Financial Institutions: More visibility on softening of yields, reiterate
positive stance on public banks

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