to day calls

1	sell dabur@292 sl 295 target 288/285/282	03/08/2015	09:31:53
2	sell aurora pharma@755 sl 762 target 748/740/735	03/08/2015	09:30:59
3	buy appolo hospital@1371 sl 1350 target 1390/1400	03/08/2015	09:29:26
4	buy cromptron @185 -186 sl 181 target 189/193/196	03/08/2015	09:23:27
5	sell hero motors@2630 stop loss 2650 taregt 2580/2550/2530	03/08/2015	09:21:43

Mahindra July auto sales dn 6% led by decline in passenger vehicles

  Mahindra & Mahindra Saturday said its auto sales fell 6% to 34,652 units in July compared with same month a year ago due to decline in its passenger vehicle sales.

  The leading SUV maker said its passenger vehicles segment sales declined 13% in July to 14,456 units from 16,569 units same month a year ago.

  The company's domestic sales stood at 31,087 units during July 2015 as against 33,047 units during July 2014.

  However exports for July 2015 rose 41% to 3,565 units, the company said in a filing to exchanges on Saturday.

  "While the auto industry is currently seeing muted growth, we do believe that the launch of some exciting new products will help it turn the tide. In addition, with the advent of a good monsoon till date and reduction in fuel prices, we expect sentiments to improve, leading to overall growth in auto sales," said Pravin Shah, president and chief executive (Automotive) at Mahindra & Mahindra.

Avoid PSU banks as asset quality woes may continue to persist

Pankaj Pandey: If you look at the numbers from a banking perspective, what we have seen is that the asset quality concerns are still persisting and also some of the troubled sectors are still struggling. It does not look like there will be some respite for these sectors in the short term.

That is why we would want to still largely avoid the PSU pack. But selectively, one can look at some of the tier I names from a two- to three-year perspective.

GST bill if implemented can be a game changer; logistics companies to benefit more

The Indian Cabinet of ministers has approved amendments to the Goods and Service Tax (GST) bill, which was suggested by the select panel of Rajya Sabha. As per the new norms, the states for the possible loss of revenues, such as West Bengal and Odisha, would get a full five-year compensation.

The change has been brought because beyond 20 per cent GST is likely to fuel inflation and erode the confidence of consumers in a new indirect tax regime, which is proposed to be rolled out on Apri .. 

The implementation of GST proposes to replace most central and state levies with one single tax and is projected to add as much as 2 per cent to the country's gross domestic product (GDP).

The bill was already passed by the Lok Sabha and is now pending passage in the Rajya Sabha. Actually, the logjam in the Parliament due an acrimonious face-off between the government and the Opposition has threatened to wash out this monsoon session of the Parliament.

Steady Sentiment Witnessed in New Delhi Red Chilli Physical Market

At New Delhi market , Red Chilli Teja(Khamam) is trading at Rs. 11200-11300 per quintal, steady as against previous close. Red Chilli Pala 12 at New Delhi market is quoted at Rs. 9900 per quintal, steady as against previous close. Red Chilli 334 at New Delhi market is offered at Rs. 10200 per quintal, steady as against previous close. Red Chilli Fatki at New Delhi market is trading at Rs. 8200 per quintal, steady against previous close. Red Chilli Packing at New Delhi market is quoted at Rs. 10200 per quintal, steady as against previous close. Red Chilli in New Delhi Market (Prices in Rs. per quintal) Market Commodity/Variety Price Change Absolute New Delhi Red Chilli Teja(Khamam) 11200-11300 0 New Delhi Red Chilli Pala 12 9900 0 New Delhi Red Chilli 334 10200 0 New Delhi Red Chilli Fatki 8200 0 New Delhi Red Chilli Packing 10200 0 nnbsp;