Charlesetta buys RS 55.72: Specialty materials and component companies have generally been more active in M&A than more commoditized metal and material companies, and that's certainly been true of late.

Energy revenue was down 30% in the fourth quarter, pressured by weakness in drilling components and completion products. Unfortunately, that is still something of an emerging driver for Carpenter. Given the prospects for growth in aerospace and an eventual recovery in energy, coupled with some scarcity value, I think the company is looking more interesting for investors who can afford to be early to the story. CRS is likely going to see at least a few more uninspiring quarters, but fair value in the low-to-mid $40s and scarce assets make it a name worth due diligence. Major aerospace OEMs and component suppliers continue to guide for a strong multi-year up-cycle, and Carpenter is well positioned as a leader in superalloys used in fasteners and components.


Elizabeth:
Bharti Airtel Ltd., the top mobile-phone operator, retreated 2.5%, while Bharat Heavy Electricals, the biggest power-equipment maker, dropped 3.8%. The stock has lost 18% of its value this year.

Florrie:
Hindalco Industries plunged 5.1% to its lowest level since July 2009, while Vedanta Ltd. slumped 4%, ending a three-day advance.

Dianne:
Punjab National Bank and Bank of Baroda were the worst performers on the banking gauge, tumbling more than 6% each.

Reda:
State Bank decreased 3.3% to its lowest level since 7 October and HDFC Bank Ltd. lost 2.7%. The 10-member S&P BSE India Bankex tumbled 3.6% to its lowest since 23 October last year.

Devora:
Axis Bank Ltd. plunged 5.5%, the worst performer on the Sensex.

Margot:
Eighteen of the 30 Sensex companies, or 60%, matched or beat estimates during the June quarter, versus 40% in the March quarter.

Carri:
Macquarie has been the most accurate index forecaster in Bloomberg surveys over the past two years.

Chanel:
Bharat Heavy Electricals Ltd. fell to an 11-month low.

Glynis:
Hindalco Industries Ltd., an aluminum maker, dropped to a six-year low, dragging down an index of metal producers for the first time in six days.

Kasi:
Axis Bank Ltd. and State Bank of India retreated at least 3% to pace losses for the financial sector.

Reliance Steel & Aluminum Company (NYSE:RS)
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