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Dear Members, We attended the conference call of Sanghvi Movers Ltd, our Alpha recommendation for Aug’11. Sanghvi Movers directly caters to the crane requirement of varied sectors like Power, oil and refinery, Wind power, cement, etc. The management indicated 22-24% growth in top line for FY 12 over FY 11, however they also mentioned that economic scenario is grim. The policy action on the front of various issues like land acquisition, coal linkages, etc is lacking which is hurting investment…

Dear Members, As I was reading today in one of the leading financial dailies, the September 2011 quarter has turned out to be the worst period for India Inc in three years with a sharp fall in net profit and shrunk margins. Sep’11 quarter has been marked by a moderate growth in top line and a fall in profit. Firm raw material prices, buoyant staff costs and a spike in fuel prices have hit the operating profit margins of most…