FMCG major Marico has posted a better than expected Q3FY12 performance with 29 per cent rise in topline and 21 per cent rise in bottomline. We expect the counter to continue its robust performance goind forward.

After witnessing a stellar rally in the month of Jan 2012, markets have continued the robust performance into the month of Feb.

Indian markets have opened on a flat note today. The Sensex and Nifty are both seen trading marginally down.

ACC and Ambuja Cement, the largest cement producing companies in India have reported decent uptick in the dispatches for month of Jan 2012, which have grown by 4.18 per cent and 8.78 per cent on a YoY basis respectively.

Desptie weak Q3 perfromance, the business outlook of GSFC remains strong and buoyant.