Dated : 31/01-2011

(CMP: Rs. 1,251)

Buy

Target Price: Rs 1,610

(nishit@managementfunda.com)

Axis Bank has reported excellent set of numbers with net profit up by 36% y-o-y at Rs 891 crore which is higher than market expectations. NII grew 28% y-o-y and 7% q-o-q driven by robust loan growth and sequential margin improvement. [...]

10 Biggest Scam Report in one file.

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Intro about Cellular Industry

First cell phone was launched by Ericson in 1956 and launched in Sweden.
It had 150 Customer at the beginning and 600 when it shut down in 1983.
The origin of the first modern cell phone was invented in 1973 by Martin Cooper with the help of Motorola.
The second launch of 1G [...]

INDUSTRY BACKGROUND

The mutual fund industry started in India in a small way with the UTI Act creating what was effectively a small savings division within the RBI. Over a period of 25 years this grew fairly successfully and gave investors a good return, and therefore in 1989, as the next logical [...]

The fear of a recession looms over the United States. And as the cliche goes, whenever the US sneezes, the world catches a cold. This is evident from the way the Indian markets crashed taking a cue from a probable recession in the US and a global economic slowdown.

Weakening of the [...]