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Good News
 
Bhagwati Auto Reports Good Results
 
No. of Trading Holidays comes down to 11
 
Gems and Jewellery Exports Rise 55%
 
Citibank Repays USD 20 bn to US Govt
 
November Core Sectors Growth Impressive
 
 
Bad News
 
Nifty May at Discount
   
3G Bids will Hurt Telcos
   
Political Instability is a worry
   
Inflation may Cross double digits by March
   
FII Investment in December may not cross October figure
   
 
  Bhagwati Auto Reports Good Results
 
 

Ahmedabad based Bhagwati Autocast, which manufactures auto ancillliaries and which has a good client list, has reported improved results in keeping with the industry's trend. This low cap company has recorded a net profit of Rs. 63 lacs against Rs 19 lacs in Q409. On equity of Rs 2.88 crore the quarterly EPS comes to Rs 2.21, and the TTM EPS is Rs 8 (PY  Rs 6). 

The stock has moved up today to hit the upper circuit at Rs 33. The stock can be a good bet once it cools down, as it will.The stock has a 52 week high/low of 34/17 and has a small market cap of Rs 10 cr.A good bet for small cap lovers.  

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