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Shankar Sharma, joint managing director and vice chairman, First Global, said money is made from sectors that have been crushed very badly.

Standard Industries reported net profit of Rs 194.30 crore in the quarter ended June 2008 as against net loss of Rs 8.16 crore during the previous quarter ended June 2007.

Inflation for the week ended July 12 is at 11.89 % versus 11.91%.

Prabhudas Lilladher has downgraded its rating on Maruti Suzuki India to market performer with a target price of Rs 715 in its July 22, 2008 research report. “Maruti Suzuki India (MSIL) reported 21% topline growth to Rs 47.5 billion in Q1FY09. Adjusted PAT was down about 4% YoY to Rs 4.79 billion. The company is currently trading at 10.0x FY09E EPS of Rs 65.0 and 8.0x FY10E EPS of Rs 81.0. While the downside risk to the stock is limited, the current high interest rate and inflationary trend compels us to downgrade the stock to Market Performer, target Rs 715,” says Lilladher’s research report.

Emkay Global Financial Services has maintained its buy rating on Maruti Suzuki India with a revised target price of Rs 775 in its July 22, 2008 research report. “For 1QFY09, Maruti reported adjusted net profits of 4.8 billion (ahead of market expectation) primarily driven 41% YoY increase in treasury income. However, 1QFY09 operating performance was below expectation.”

India Infoline has upgraded its rating on Tech Mahindra to buy with a target price of Rs 966 in its July 22, 2008 research report. “Tech Mahindra reported a healthy dollar revenue growth of 5.5% qoq and strong rupee revenue growth of 9.3% qoq aided by the rupee depreciation. The non-BT (non-British Telecom) revenues grew by robust 15.5% qoq in rupee terms while the BT account grew by 5.9% qoq. Within the BT account, revenues under the USD 1 billion BTGS deal grew 36% qoq (Rs 1026 million v/s Rs 754 million) with the project having successfully transitioned to the ramp-up mode over the last few quarters.”

Nirav Sheth, Head-PMS, BRICS Securities is bullish on IT space.

Nirav Sheth, Head-PMS, BRICS Securities is bullish on fertiliser space over the long term.

Harendra Kumar of Centrum Broking is if the view that Mastek should deliver good returns over the period.

Reliance Industries has announced its first quarter numbers wherein both topline and bottomline numbers were in line with estimates.

NIIT has announced its first quarter numbers. It has posted first quarter numbers. Its Q1 standalone net profit was down at Rs 3.2 crore from net profit of Rs 28.2 crore (QoQ).

Idea Cellular has announced its first quarter numbers. Its Q1 net profit declined 4.88% at Rs 263.09 crore from Rs 278 crore in previous quarter while CNBC-TV18 estimated at Rs 276 crore.