NSE - WEEKLY NEWS LETTERS
RBI panel moots centralized bill payment system-
An RBI panel today made a case for centralized bill payment system catering to different financial instruments, like cheques, debit cards and mobile banking. This centralized bill payments system, it said will provide accessible services across all parts of the country through a strong network of operational units/agents who will ensure in making this service accessible in urban as well as rural areas.

Markets hit all-time high levels, profit-booking likely now-
Continuing its record breaking performance, the BSE benchmark sensex on Wednesday spurted by over 118 points to end the day at all-time closing high of 22,876.54 on select buying in blue-chip stocks like L&T, HDFC Bank and BHEL amid persistent capital inflows. The 30-share index recorded its highest ever figure of 22,912.52 points intra-day, but lost the momentum on emergence of profit-booking. The 50-share Nifty of NSE rose by 25.45 points to finish at all-time record of 6,840.80 after hitting historic level of 6,861.60 intra-day.

YES Bank Q4 profit jumps 18% to Rs 430 cr, NPA improves-
Private sector lender YES Bank beat street expectations by reporting fourth quarter (January-March) net profit at Rs 430 crore, up 18.8 percent compared to same quarter last year, driven by non-interest income. Analysts had expected bottom line at Rs 404 crore for the quarter."YES Bank has continued to deliver steady performance in FY14 maintaining asset quality in a difficult economic environment with expansion in net interest margin (NIM) in Q4FY14," says Rana Kapoor, managing director and CEO. Net interest margin improved sequentially to 3 percent from 2.9 percent while it was flat compared to same quarter last year.

RBI unsupported HDFC Bank's plea to raise FII holding-
what comes in as a big blow to HDFC Bank , the Reserve Bank of India (RBI) has not supported the bank’s request to permit them to raise existing foreign investment levels any further. HDFC Bank had approached the Foreign Investment Promotion Board (FIPB) in the latter half of 2013 to increase the foreign holding in the bank to 67.55 per cent from 49 percent.

UltraTech Cement Q4 beats forecast, net up 15% to Rs 838 cr-
Aditya Birla Group company UltraTech Cement surpassed analysts' expectations with the fourth quarter (January-March) net profit rising 15.4 percent year-on-year to Rs 838 crore on lower tax expenses. According to CNBC-TV18 poll estimates, analysts had expected the cement company to report profit of Rs 610 crore on revenue of Rs 5,700 crore for the quarter.
Recent major Q4 Results update-

Reliance Industries (Q4 FY14)-
CMP Rs 960 Target Rs1120 Upside 16.7%

TCS Ltd (Q4 FY14)-
CMP Rs2223 Target Rs2505 Upside 12.7%

HCL Tech (Q3 F6/14)-
CMP Rs1425 Target Rs1627 Upside 14.2%

Indusind Bank (Q4 FY14)-
CMP Rs487 Target Rs551 Upside 13.1%

Infosys Ltd (Q4 FY14)-
CMP Rs3190 Target Rs3750 Upside 15.0%

Bharat Heavy Electricals Ltd-
CMP Rs190 Target Rs168 Downside 16.1%

LIC Housing Finance (Q4 FY14)-
CMP Rs280 Target Rs336 Upside 19.7%




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