BEML declined 2.03% to Rs 706 at 15:17 IST on BSE after the company posted net loss of Rs 17.43 crore in Q1 June 2008 as against net profit of Rs 23.59 crore in Q1 June 2007.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 728 and a low of Rs 671.10 so far during the day. The stock had a 52-week high of Rs 1849.95 on 5 December 2007 and a 52-week low of Rs 600 on 16 July 2008.
The company has an equity capital of Rs 41.64 crore. Face value per share is Rs 10.
The current price of Rs 706 discounts its Q4 March 2008 annualised EPS of Rs 113.83, by a PE multiple of 6.20.
BEML’s total income fell 24.06% to Rs 309.04 crore in Q1 June 2008 over Q1 June 2007.
On 15 July 2008, BEML bagged export orders aggregating to Rs 34.50 crore from African countries for supply of equipments.
BEML earlier known as Bharat Earth Movers is engaged in manufacturing mining and construction equipments, railway rolling stocks, metro and defense equipments and aggregates. The products include bulldozers, shovels, excavators, dumpers, railway and transway passenger coaches.
Thursday, July 31, 2008
Shriram Transport Finance Robust Q1 result
Shriram Transport Finance Company fell 1.70% to Rs 292 at 14:49 IST on BSE even as the firm posted 91.61% surge in net profit to Rs 143.61 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 304 and a low of Rs 288 so far during the day. The stock had a 52-week high of Rs 433 on 27 December 2007 and a 52-week low of Rs 150 on 21 August 2007.
From a recent low of Rs 278.60 on 22 July 2008, the stock rose 6.62% to Rs 297.05 on 30 July 2008. The stock gained 0.73% to Rs 297.05 on 30 July 2008 ahead of Q1 results.
The company has an equity capital of Rs 203.30 crore. Face value per share is Rs 10.
The current price of Rs 292 discounts its Q4 March 2008 annualised EPS of Rs 22.02, by a PE multiple of 13.26.
Shriram Transport Finance Company’s total income spurted 73.91% to Rs 835.50 crore in Q1 June 2008 over Q1 June 2007.
Shriram Transport Finance is the largest new and pre-owned commercial vehicle financing company in the country. It has a pan-India presence with four regional, 50 divisional and 327 branch offices.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 304 and a low of Rs 288 so far during the day. The stock had a 52-week high of Rs 433 on 27 December 2007 and a 52-week low of Rs 150 on 21 August 2007.
From a recent low of Rs 278.60 on 22 July 2008, the stock rose 6.62% to Rs 297.05 on 30 July 2008. The stock gained 0.73% to Rs 297.05 on 30 July 2008 ahead of Q1 results.
The company has an equity capital of Rs 203.30 crore. Face value per share is Rs 10.
The current price of Rs 292 discounts its Q4 March 2008 annualised EPS of Rs 22.02, by a PE multiple of 13.26.
Shriram Transport Finance Company’s total income spurted 73.91% to Rs 835.50 crore in Q1 June 2008 over Q1 June 2007.
Shriram Transport Finance is the largest new and pre-owned commercial vehicle financing company in the country. It has a pan-India presence with four regional, 50 divisional and 327 branch offices.
Automotive Axles speeds up on robust Q3 numbers
Automotive Axles was locked at 20% upper limit at Rs 263.55 at 12:57 IST on BSE after the company posted 61.41% growth in net profit to Rs 19.35 crore in Q3 June 2008 over Q3 June 2007.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 263.55 and a low of Rs 201.05 so far during the day. The stock had a 52-week high of Rs 670 on 28 December 2007 and a 52-week low of Rs 193.10 on 2 July 2008.
The company has an equity capital of Rs 15.11 crore. Face value per share is Rs 10.
The current price of Rs 263.55 discounts its Q2 March 2008 annualised EPS of Rs 38.09, by a PE multiple of 6.92.
Automotive Axles’ total income rose 54.86% to Rs 229.15 crore in Q3 June 2008 over Q3 June 2007.
The company manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies.
The company announced the results during trading hours today, 31 July 2008.
The stock hit a high of Rs 263.55 and a low of Rs 201.05 so far during the day. The stock had a 52-week high of Rs 670 on 28 December 2007 and a 52-week low of Rs 193.10 on 2 July 2008.
The company has an equity capital of Rs 15.11 crore. Face value per share is Rs 10.
The current price of Rs 263.55 discounts its Q2 March 2008 annualised EPS of Rs 38.09, by a PE multiple of 6.92.
Automotive Axles’ total income rose 54.86% to Rs 229.15 crore in Q3 June 2008 over Q3 June 2007.
The company manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies.
Valecha Engineering issue of bonus shares
Valecha Engineering advanced 3.37% to Rs 152 at 11:20 IST on BSE after the company’s board of directors recommended issue of bonus shares in the ratio of one share for every two shares held..
The meeting of board of directors was held yesterday, 30 July 2008, and the announcement was made after trading hours yesterday.
The stock hit a high of Rs 153.95 and a low of Rs 148.20 so far during the day. The stock had a 52-week high of Rs 358 on 4 January 2008 and a 52-week low of Rs 118.80 on 1 July 2008.
The company has an equity capital of Rs 11.95 crore. Face value per share is Rs 10.
The current price of Rs 152 discounts its Q4 March 2008 annualised EPS of Rs 60.32, by a PE multiple of 2.51.
Valecha Engineering’s net profit surged 1616.2% to Rs 18.02 crore on 141.1% increase in net sales to Rs 195.10 crore in Q4 March 2008 over Q4 March 2007.
The company is primarily a player in the road construction business, from which it derives 70% of its revenues. Its road projects are present across many states in the country.
The meeting of board of directors was held yesterday, 30 July 2008, and the announcement was made after trading hours yesterday.
The stock hit a high of Rs 153.95 and a low of Rs 148.20 so far during the day. The stock had a 52-week high of Rs 358 on 4 January 2008 and a 52-week low of Rs 118.80 on 1 July 2008.
The company has an equity capital of Rs 11.95 crore. Face value per share is Rs 10.
The current price of Rs 152 discounts its Q4 March 2008 annualised EPS of Rs 60.32, by a PE multiple of 2.51.
Valecha Engineering’s net profit surged 1616.2% to Rs 18.02 crore on 141.1% increase in net sales to Rs 195.10 crore in Q4 March 2008 over Q4 March 2007.
The company is primarily a player in the road construction business, from which it derives 70% of its revenues. Its road projects are present across many states in the country.
Post-Market Commentary. Thursday, July 31, 2008
Market recovers from lower level, Sensex ends up 69pts
The key benchmark recovered from lower level to trade flat in mid-afternoon trade. The market had drifted lower in afternoon trade following weak opening of European stocks. The market breadth turned negative from earlier strong breadth. Tata Steel and DLF were major gainers from Sensex pack. Crude oil surged by more than $4 a barrel yesterday, 30 July 2008.
ITC and Tata Motors slumped on weak Q1 results and were the major losers from the Sensex pack. Banking shares were under pressure ahead of the inflation data for 12 months to 19 July 2008 to be released after trading hours today, 31 July 2008. IT, FMCG stocks declined. Metal stocks gained.
The market remained volatile today, 31 July 2008 as futures & options contracts for July 2008 series expire. As per reports, market wide rollover of positions from July 2008 series to August 2008 series stood at 61%, while that of Nifty was 54%, as of Wednesday 30 July 2008.
The key benchmark recovered from lower level to trade flat in mid-afternoon trade. The market had drifted lower in afternoon trade following weak opening of European stocks. The market breadth turned negative from earlier strong breadth. Tata Steel and DLF were major gainers from Sensex pack. Crude oil surged by more than $4 a barrel yesterday, 30 July 2008.
ITC and Tata Motors slumped on weak Q1 results and were the major losers from the Sensex pack. Banking shares were under pressure ahead of the inflation data for 12 months to 19 July 2008 to be released after trading hours today, 31 July 2008. IT, FMCG stocks declined. Metal stocks gained.
The market remained volatile today, 31 July 2008 as futures & options contracts for July 2008 series expire. As per reports, market wide rollover of positions from July 2008 series to August 2008 series stood at 61%, while that of Nifty was 54%, as of Wednesday 30 July 2008.
Wednesday, July 30, 2008
Sensex gains 496pts as banking, realty stocks rally
Despite a 550-point fall yesterday, the Sensex opened with a positive gap of 215 points at 14,007 on the back of positive cues from the global markets.
The US markets ended on a firm note yesterday, with the Dow Industrial Average gaining 266 points, and the Nasdaq advancing 55 points.
Closer home, the Nikkei rallied 208 points, and the Hang Seng surged 433 points. The Taiwan Weighted index moved up 56 points, and the Straits Times index added 39 points. The Shanghai Composite index, however, slipped 14 points today.
Our markets shrugged-off yesterday's RBI rate hike move and rallied to higher levels led by fresh buying in financial, metal and realty stocks. The Sensex rallied to a high of 14,323, and finally settled with a gain of 496 points at 14,287.
The market breadth was fairly positive - out of 2,724 stocks traded, 1,782 advanced, 858 declined and the rest were unchanged today.
The NSE Nifty moved up 124 points to settle at 4,314.
INDEX MOVERS...
HDFC and Tata Steel soared 8% each to Rs 2,274 and Rs 630, respectively.
Tata Power and Reliance Infrastructure zoomed 7% each to Rs 1,115 and Rs 971, respectively.
HDFC Bank rallied over 6% to Rs 1,093. Sterlite, SBI, Tata Motors, Wipro and BHEL surged around 5% each to Rs 622, Rs 1,387, Rs 416, Rs 422 and Rs 1,669, respectively.
ICICI Bank advanced 4.5% to Rs 635. Infosys, Bharti Airtel, DLF and ACC gained 4% each at Rs 1,603, Rs 810, Rs 491 and Rs 591, respectively.
Ranbaxy, TCS, Reliance and Maruti moved up 3.7% each to Rs 493, Rs 839, Rs 2,163 and Rs 589, respectively.
Grasm added 3.5% to Rs 1,852. Satyam spurted over 3% to Rs 380.
Mahindra & Mahindra, Reliance Communications and Jaiprakash Associates are up around 2.5% each at Rs 513, Rs 502 and Rs 157, respectively.
Larsen & Toubro was up 1.7% at Rs 2,589.
...AND THE SHAKERS
NTPC plunged over 4% to Rs 171, and ITC was down 1% at Rs 188.
MOST ACTIVE COUNTERS
Reliance Natural Resources topped the value chart with a turnover of Rs 375 crore followed by Reliance Capital (Rs 234 crore), Larsen & Toubro (Rs 178 crore), Reliance (Rs 166.50 crore) and HDFC (Rs 145.50 crore).
Birla Cotsyn led the volume chart with trades of around 5.20 crore shares followed by Reliance Natural Resources (3.90 crore), IFCI (95 lakh), Ispat Industries (91.80 lakh) and Reliance Petroleum (83 lakh).
The US markets ended on a firm note yesterday, with the Dow Industrial Average gaining 266 points, and the Nasdaq advancing 55 points.
Closer home, the Nikkei rallied 208 points, and the Hang Seng surged 433 points. The Taiwan Weighted index moved up 56 points, and the Straits Times index added 39 points. The Shanghai Composite index, however, slipped 14 points today.
Our markets shrugged-off yesterday's RBI rate hike move and rallied to higher levels led by fresh buying in financial, metal and realty stocks. The Sensex rallied to a high of 14,323, and finally settled with a gain of 496 points at 14,287.
The market breadth was fairly positive - out of 2,724 stocks traded, 1,782 advanced, 858 declined and the rest were unchanged today.
The NSE Nifty moved up 124 points to settle at 4,314.
INDEX MOVERS...
HDFC and Tata Steel soared 8% each to Rs 2,274 and Rs 630, respectively.
Tata Power and Reliance Infrastructure zoomed 7% each to Rs 1,115 and Rs 971, respectively.
HDFC Bank rallied over 6% to Rs 1,093. Sterlite, SBI, Tata Motors, Wipro and BHEL surged around 5% each to Rs 622, Rs 1,387, Rs 416, Rs 422 and Rs 1,669, respectively.
ICICI Bank advanced 4.5% to Rs 635. Infosys, Bharti Airtel, DLF and ACC gained 4% each at Rs 1,603, Rs 810, Rs 491 and Rs 591, respectively.
Ranbaxy, TCS, Reliance and Maruti moved up 3.7% each to Rs 493, Rs 839, Rs 2,163 and Rs 589, respectively.
Grasm added 3.5% to Rs 1,852. Satyam spurted over 3% to Rs 380.
Mahindra & Mahindra, Reliance Communications and Jaiprakash Associates are up around 2.5% each at Rs 513, Rs 502 and Rs 157, respectively.
Larsen & Toubro was up 1.7% at Rs 2,589.
...AND THE SHAKERS
NTPC plunged over 4% to Rs 171, and ITC was down 1% at Rs 188.
MOST ACTIVE COUNTERS
Reliance Natural Resources topped the value chart with a turnover of Rs 375 crore followed by Reliance Capital (Rs 234 crore), Larsen & Toubro (Rs 178 crore), Reliance (Rs 166.50 crore) and HDFC (Rs 145.50 crore).
Birla Cotsyn led the volume chart with trades of around 5.20 crore shares followed by Reliance Natural Resources (3.90 crore), IFCI (95 lakh), Ispat Industries (91.80 lakh) and Reliance Petroleum (83 lakh).
Tuesday, July 29, 2008
Reliance Power to replace DRL in Nifty
Anil Ambani group-firm Reliance Power will be included in the National Stock Exchange’s 50- share benchmark index Nifty with effect from September 10. Reliance Power, which got listed on the bourses earlier this year, would replace Dr. Reddy’s Laboratories in the index.
GAIL India - good Q1 results
GAIL India declined 1.84% to Rs 362.50 at 15:21 IST on BSE even as the company posted 30.89% increase in net profit to Rs 896.87 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 29 July 2008.
The stock hit a high of Rs 377.70 and a low of Rs 360.05 so far during the day. The stock had a 52-week high of Rs 555 on 1 January 2008 and a 52-week low of Rs 285 on 22 August 2007.
From a recent low of Rs 333.80 on 16 July 2008, the stock rose 10.64% to Rs 369.30 on 28 July 2008. The stock had surged 3% to Rs 375.60 on 23 July 2008 as the market surged on that day after the government on 22 July 2008 won trust vote in parliament. The stock gained 0.72% to Rs 369.30 on 28 July 2008 ahead of the Q1 results.
The company has an equity capital of Rs 845.65 crore. Face value per share is Rs 10.
The current price of Rs 362.50 discounts its Q4 March 2008 annualised EPS of Rs 34.17, by a PE multiple of 10.61.
GAIL India reported 34.78% rise in total income to Rs 5845.4 crore in Q1 June 2008 over Q1 June 2007.
On 24 June 2008, GAIL India's board recommended issue of bonus shares in the ratio of one equity share for every two shares held.
On 9 June 2008, GAIL India signed a gas co-operation agreement with Tamil Nadu Industrial Development Corporation to conduct preliminary techno-economic feasibility study for gas demand in Tamil Nadu.
In April 2008, the company signed contracts for marketing the entire volume of gas produced from the Panna-Mukta and Tapti fields.
The company distributes natural gas and processes petrochemicals
The company announced the results during trading hours today, 29 July 2008.
The stock hit a high of Rs 377.70 and a low of Rs 360.05 so far during the day. The stock had a 52-week high of Rs 555 on 1 January 2008 and a 52-week low of Rs 285 on 22 August 2007.
From a recent low of Rs 333.80 on 16 July 2008, the stock rose 10.64% to Rs 369.30 on 28 July 2008. The stock had surged 3% to Rs 375.60 on 23 July 2008 as the market surged on that day after the government on 22 July 2008 won trust vote in parliament. The stock gained 0.72% to Rs 369.30 on 28 July 2008 ahead of the Q1 results.
The company has an equity capital of Rs 845.65 crore. Face value per share is Rs 10.
The current price of Rs 362.50 discounts its Q4 March 2008 annualised EPS of Rs 34.17, by a PE multiple of 10.61.
GAIL India reported 34.78% rise in total income to Rs 5845.4 crore in Q1 June 2008 over Q1 June 2007.
On 24 June 2008, GAIL India's board recommended issue of bonus shares in the ratio of one equity share for every two shares held.
On 9 June 2008, GAIL India signed a gas co-operation agreement with Tamil Nadu Industrial Development Corporation to conduct preliminary techno-economic feasibility study for gas demand in Tamil Nadu.
In April 2008, the company signed contracts for marketing the entire volume of gas produced from the Panna-Mukta and Tapti fields.
The company distributes natural gas and processes petrochemicals
Akruti City drops as rate hike overshadows robust earnings
Akruti City declined 4.40% to Rs 711.10 at 14:28 IST on BSE even as the company reported 272.87% surge in net profit to Rs 171.41 crore on 236.79% increase in total income to Rs 241.01 in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 29 July 2008.
The stock hit a high of Rs 753 and a low of Rs 708 so far during the day. The stock had a 52-week high of Rs 1399 on 23 January 2008 and a 52-week low of Rs 456.15 on 22 August 2007.
From a recent low of Rs 693.60 on 21 July 2008, the stock rose 7.24% to Rs 743.85 on 28 July 2008. The stock had surged 3.83% to Rs 747.10 on 23 July 2008 as the market surged on that day after the government on 22 July 2008 won trust vote in parliament. The stock declined 0.53% to Rs 74.85 on 28 July 2008.
The company has an equity capital of Rs 66.70 crore. Face value per share is Rs 10.
The current price of Rs 711.10 discounts its Q4 March 2008 annualised EPS of Rs 58.82, by a PE multiple of 12.09.
On consolidated basis, Akruti City reported 284.22% surge in net profit to Rs 170.90 crore on 238.23% increase in total income to Rs 238.86 crore in Q1 June 2008 over Q1 June 2007.
The company's principal activity is to develop real estate. It includes commercial and residential properties and acquisition of land and land development.
The company announced the results during trading hours today, 29 July 2008.
The stock hit a high of Rs 753 and a low of Rs 708 so far during the day. The stock had a 52-week high of Rs 1399 on 23 January 2008 and a 52-week low of Rs 456.15 on 22 August 2007.
From a recent low of Rs 693.60 on 21 July 2008, the stock rose 7.24% to Rs 743.85 on 28 July 2008. The stock had surged 3.83% to Rs 747.10 on 23 July 2008 as the market surged on that day after the government on 22 July 2008 won trust vote in parliament. The stock declined 0.53% to Rs 74.85 on 28 July 2008.
The company has an equity capital of Rs 66.70 crore. Face value per share is Rs 10.
The current price of Rs 711.10 discounts its Q4 March 2008 annualised EPS of Rs 58.82, by a PE multiple of 12.09.
On consolidated basis, Akruti City reported 284.22% surge in net profit to Rs 170.90 crore on 238.23% increase in total income to Rs 238.86 crore in Q1 June 2008 over Q1 June 2007.
The company's principal activity is to develop real estate. It includes commercial and residential properties and acquisition of land and land development.
Ranbaxy slips on flat Q2 results
Ranbaxy Laboratories fell 2.64% to Rs 480.70 at 13:39 IST on BSE after the company reported 0.25% rise in consolidated net profit to Rs 160.80 crore on 13% rise in consolidated sales to Rs 1829.60 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results during market hours today, 29 July 2008.
The stock touched a high of Rs 490 and a low of Rs 468.10 so far during the day. The stock had a 52-week high of Rs 613.70 on 19 June 2008 and a 52-week low of Rs 299.90 on 22 January 2008.
India's biggest drugmaker by sales has an equity capital of Rs 187.03 crore. Face value per share is Rs 5.
The current price of Rs 480.70 discounts its Q4 March 2008 annualised EPS of Rs 11.09, by a PE multiple of 43.35.
On 16 July 2008, Ranbay’s chief executive Malvinder Singh said in a televised conference that the deal with Japan's Daiichi Sankyo was binding and there was no change in terms. He clarified this after speculation that the deal may be in trouble after the US government’s probe against the company for allegedly forging documents and selling sub-standard products in The US.
On June 11, Japanese drug maker Daiichi Sankyo Daiichi struck a deal worth up to $4.6 billion to take control of Ranbaxy by acquiring 34.8% from Ranbaxy's founders, the Singh family. Subsequently on 16 June 2008, Daiichi-Sankyo launched an open offer to acquire up to 20% stake in Ranbaxy laboratories at a price of Rs 737 each, to the minority shareholders of the company. The offer is scheduled to open on 8 August 2008 and closes on 27 August 2008.
Ranbaxy Laboratories is India's largest drug maker by sales. The company manufactures and markets, generic pharmaceuticals, value added generic pharmaceuticals, branded generics, active pharmaceuticals and intermediates
The company announced the results during market hours today, 29 July 2008.
The stock touched a high of Rs 490 and a low of Rs 468.10 so far during the day. The stock had a 52-week high of Rs 613.70 on 19 June 2008 and a 52-week low of Rs 299.90 on 22 January 2008.
India's biggest drugmaker by sales has an equity capital of Rs 187.03 crore. Face value per share is Rs 5.
The current price of Rs 480.70 discounts its Q4 March 2008 annualised EPS of Rs 11.09, by a PE multiple of 43.35.
On 16 July 2008, Ranbay’s chief executive Malvinder Singh said in a televised conference that the deal with Japan's Daiichi Sankyo was binding and there was no change in terms. He clarified this after speculation that the deal may be in trouble after the US government’s probe against the company for allegedly forging documents and selling sub-standard products in The US.
On June 11, Japanese drug maker Daiichi Sankyo Daiichi struck a deal worth up to $4.6 billion to take control of Ranbaxy by acquiring 34.8% from Ranbaxy's founders, the Singh family. Subsequently on 16 June 2008, Daiichi-Sankyo launched an open offer to acquire up to 20% stake in Ranbaxy laboratories at a price of Rs 737 each, to the minority shareholders of the company. The offer is scheduled to open on 8 August 2008 and closes on 27 August 2008.
Ranbaxy Laboratories is India's largest drug maker by sales. The company manufactures and markets, generic pharmaceuticals, value added generic pharmaceuticals, branded generics, active pharmaceuticals and intermediates
MIC Electronics advances on good Q4 results
MIC Electronics surged 2.97% to Rs 111 at 11:42 IST on BSE after the company reported 30.80% spurt in net profit to Rs 23.65 crore on 28.90% fall in net sales to Rs 81.41 crore in Q4 June 2008 over Q4 June 2007
The results were announced after trading hours yesterday, 28 July 2008.
The stock hit a high of Rs 115 and a low of Rs 104.25 so far during the day. The stock had a 52-week high of Rs 217.56 on 27 December 2007 and a 52-week low of Rs 66.45 on 6 July 2007.
The company has an equity capital of Rs 20.13 crore. Face value per share is Rs 2.
The current price of Rs 111 discounts its Q4 June 2008 annualised EPS of Rs 9.40, by a PE multiple of 11.80.
MIC Electronics is engaged in designing and manufacturing LED video display systems. The LED products manufactured by the company find various applications, including sport and live events, advertising campaigns and news ticker displays
The results were announced after trading hours yesterday, 28 July 2008.
The stock hit a high of Rs 115 and a low of Rs 104.25 so far during the day. The stock had a 52-week high of Rs 217.56 on 27 December 2007 and a 52-week low of Rs 66.45 on 6 July 2007.
The company has an equity capital of Rs 20.13 crore. Face value per share is Rs 2.
The current price of Rs 111 discounts its Q4 June 2008 annualised EPS of Rs 9.40, by a PE multiple of 11.80.
MIC Electronics is engaged in designing and manufacturing LED video display systems. The LED products manufactured by the company find various applications, including sport and live events, advertising campaigns and news ticker displays
Bosch speeds up on strong quarterly earnings
Bosch gained 1.35% to Rs 3750 at 11:05 IST on BSE after the company reported 33.8% surge in net profit to Rs 219.72 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results after trading hours on Monday, 28 July 2008.
The stock hit a high of Rs 3784 and a low of Rs 3710.05 so far during the day. The stock had a 52-week high of Rs 5880 on 4 December 2007 and a 52-week low of Rs 3252 on 22 January 2008.
From a recent low of Rs 3681 on 21 July 2008, the stock rose 0.52% to Rs 3700.05 on 28 July 2008.
The company has an equity capital of Rs 32.05 crore. Face value per share is Rs 10.
The current price of Rs 3750 discounts its Q2 June 2008 annualised EPS of Rs 274.22, by a PE multiple of 13.68.
Bosch reported 11.7% increase in net sales to Rs 1221.08 crore in Q2 June 2008 over Q2 June 2007.
The company is engaged in manufacturing automotive products and non-automotive products such as industrial equipments and consumer goods. Products include industrial equipment, auto electrical equipment, gear pumps for tractor applications, electric power tools, packaging machines, security technology products and blaupunkt car multimedia systems.
The company announced the results after trading hours on Monday, 28 July 2008.
The stock hit a high of Rs 3784 and a low of Rs 3710.05 so far during the day. The stock had a 52-week high of Rs 5880 on 4 December 2007 and a 52-week low of Rs 3252 on 22 January 2008.
From a recent low of Rs 3681 on 21 July 2008, the stock rose 0.52% to Rs 3700.05 on 28 July 2008.
The company has an equity capital of Rs 32.05 crore. Face value per share is Rs 10.
The current price of Rs 3750 discounts its Q2 June 2008 annualised EPS of Rs 274.22, by a PE multiple of 13.68.
Bosch reported 11.7% increase in net sales to Rs 1221.08 crore in Q2 June 2008 over Q2 June 2007.
The company is engaged in manufacturing automotive products and non-automotive products such as industrial equipments and consumer goods. Products include industrial equipment, auto electrical equipment, gear pumps for tractor applications, electric power tools, packaging machines, security technology products and blaupunkt car multimedia systems.
ONGC slips despite robust Q1 numbers
Oil & Natural Gas Corporation slipped 0.44% to Rs 1008 at 9:56 IST on BSE even as the company reported 43.9% surge in net profit to Rs 6636.33 crore on 46.5% increase in net sales to Rs 20052.20 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours on Monday, 28 July 2008.
The stock hit a high of Rs 1022 and a low of Rs 1000 so far during the day. The stock had a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 770 on 17 August 2007.
From a recent low of Rs 903.70 on 17 July 2008, the stock rose 12.04% to Rs 1012.50 on 28 July 2008. The stock gained 3% to Rs 1012.50 on Monday, 28 July 2008 ahead of Q1 results.
The large-cap company had outperformed the market over the past one month till 28 July 2008, gaining 21.97% compared to the Sensex’s return of 3.96%. It had also outperformed the market in the past one quarter, declining 3.83% compared to Sensex’s decline of 17.43%.
The company has an equity capital of Rs 2138.87 crore. Face value per share is Rs 10.
The current price of Rs 1008 discounts its Q1 June 2008 annualised EPS of Rs 124.11, by a PE multiple of 8.12.
ONGC attributed the strong performance to higher price realization on crude oil and cost management. ONGC’s strong Q1 show was despite a sharp increase in subsidy burden to Rs 9,811 crore in Q1 June 2008 compared to a subsidy burden of Rs 3,649 crore in Q1 June 2007. ONGC has to shoulder the subsidy burden to partially offset the under-recoveries suffered by the public sector oil marketing companies due to selling petroleum products below the cost price.
At the time of announcing Q1 results, Oil & Natural Gas Corporaton (ONGC)’s board approved a memorandum of understanding with Uranium Corporation of India (UCIL) for exploration and exploitation of uranium.
In June 2008, ONGC and Mangalore Refinery & Petrochemicals (MRPL) withdrew from Kakinada Refinery & Petrochemicals (KRPL) and Kakinada Special Economic Zone (KSEZ) projects.
ONGC operates in oil & gas exploration, production and refining.
The company announced the results after trading hours on Monday, 28 July 2008.
The stock hit a high of Rs 1022 and a low of Rs 1000 so far during the day. The stock had a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 770 on 17 August 2007.
From a recent low of Rs 903.70 on 17 July 2008, the stock rose 12.04% to Rs 1012.50 on 28 July 2008. The stock gained 3% to Rs 1012.50 on Monday, 28 July 2008 ahead of Q1 results.
The large-cap company had outperformed the market over the past one month till 28 July 2008, gaining 21.97% compared to the Sensex’s return of 3.96%. It had also outperformed the market in the past one quarter, declining 3.83% compared to Sensex’s decline of 17.43%.
The company has an equity capital of Rs 2138.87 crore. Face value per share is Rs 10.
The current price of Rs 1008 discounts its Q1 June 2008 annualised EPS of Rs 124.11, by a PE multiple of 8.12.
ONGC attributed the strong performance to higher price realization on crude oil and cost management. ONGC’s strong Q1 show was despite a sharp increase in subsidy burden to Rs 9,811 crore in Q1 June 2008 compared to a subsidy burden of Rs 3,649 crore in Q1 June 2007. ONGC has to shoulder the subsidy burden to partially offset the under-recoveries suffered by the public sector oil marketing companies due to selling petroleum products below the cost price.
At the time of announcing Q1 results, Oil & Natural Gas Corporaton (ONGC)’s board approved a memorandum of understanding with Uranium Corporation of India (UCIL) for exploration and exploitation of uranium.
In June 2008, ONGC and Mangalore Refinery & Petrochemicals (MRPL) withdrew from Kakinada Refinery & Petrochemicals (KRPL) and Kakinada Special Economic Zone (KSEZ) projects.
ONGC operates in oil & gas exploration, production and refining.
Post-Market Commentary. Tuesday, July 29, 2008
Bank stocks lead 558-point Sensex fall as RBI hikes rates
The key benchmark indices which had posted marginal gains yesterday, 28 June 2008, ahead of monetary policy slumped sharply after the Reserve Bank of India (RBI) today, 29 July 2008, raised cash reserve ratio (CRR) by 25 basis points and repo rate by 50 basis points at quarterly review of the monetary policy. Sensex lost more than 620 points at the lowest level of the day hit in mid-afternoon trade. Weak global markets also weighed on the Indian bourses.
Reserve Bank of India (RBI) today, 29 July 2008, raised repo rate by 50 basis points to a seven-year high of 9% to curb inflation, now running close to 12%, and dampen inflationary expectations. RBI also raised the cash reserve ratio (CRR), the proportion of funds that banks must keep on deposit with it, by 25 basis points to 9%. The central bank left its reverse repo and bank rates unchanged. The tone of the monetary policy was extremely hawkish .
Rate sensitive banking, realty and auto stocks tumbled. ICICI Bank and HDFC Bank fell more than 8.5% each. Reliance Infrastructure and Maruti Suzuki India slipped more than 7% each. Reliance Industries dropped. The market breadth was weak as selling was witnessed across the board. Except BSE FMCG index all the sectoral indices on BSE declined.
BSE Sensex plunged 557.57 points or 3.89% at 13,791.54.
S&P CNX Nifty was down 142.25 points or 3.28% at 4,189.85.
As per the provisioanl figures on BSE, Foreign institutional investors (FII)s sold shares worth Rs 538.27 crore and domestic funds sold shares worth Rs 254.59 crore today, 29 July 2008.
The key benchmark indices which had posted marginal gains yesterday, 28 June 2008, ahead of monetary policy slumped sharply after the Reserve Bank of India (RBI) today, 29 July 2008, raised cash reserve ratio (CRR) by 25 basis points and repo rate by 50 basis points at quarterly review of the monetary policy. Sensex lost more than 620 points at the lowest level of the day hit in mid-afternoon trade. Weak global markets also weighed on the Indian bourses.
Reserve Bank of India (RBI) today, 29 July 2008, raised repo rate by 50 basis points to a seven-year high of 9% to curb inflation, now running close to 12%, and dampen inflationary expectations. RBI also raised the cash reserve ratio (CRR), the proportion of funds that banks must keep on deposit with it, by 25 basis points to 9%. The central bank left its reverse repo and bank rates unchanged. The tone of the monetary policy was extremely hawkish .
Rate sensitive banking, realty and auto stocks tumbled. ICICI Bank and HDFC Bank fell more than 8.5% each. Reliance Infrastructure and Maruti Suzuki India slipped more than 7% each. Reliance Industries dropped. The market breadth was weak as selling was witnessed across the board. Except BSE FMCG index all the sectoral indices on BSE declined.
BSE Sensex plunged 557.57 points or 3.89% at 13,791.54.
S&P CNX Nifty was down 142.25 points or 3.28% at 4,189.85.
As per the provisioanl figures on BSE, Foreign institutional investors (FII)s sold shares worth Rs 538.27 crore and domestic funds sold shares worth Rs 254.59 crore today, 29 July 2008.
Monday, July 28, 2008
Reserve Bank’s monetary policy review scheduled TODAY, 29 July 2008.
RBI plans tough steps to check price rise
29 Jul, 2008, 0629 hrs IST, TNN
The Reserve Bank of India (RBI) will continue to take harsh measures to check demand to control inflation in the country. In its Macro Economic and Monetary Development report, RBI said with WPI-based inflation hardening, an adjustment of overall aggregate demand is needed.
It said that monetary policy has to address the aggregate demand pressure, which appears to be strong. The central bank statement clearly indicates that it might increase the interest rate on Tuesday, when it will review its credit policy.
The review also pointed out that India's budget deficit may come under pressure in 2008-09 as the government boosts spending. Government finances will be hit by "higher oil subsidies and the burden of debt waiver to farmers," RBI said in the report. Salary increases for its employees may also widen the shortfall, it said.
A ballooning budget deficit may force RBI to raise borrowing costs to prevent higher government spending from stoking prices. It will also limit PM Manmohan Singh's scope to introduce further policy measures to tame inflation running at a 13-year high.
Spending by India's government registered a "sharp rise" in April-May, the first two months of the current fiscal year, the central bank said. The government's budget deficit target for this year is 2.8% of gross domestic product.
"International crude prices are expected to remain at elevated levels," the report said. "High and volatile international crude oil prices, thus, pose a major risk to the global inflation outlook," it added.
Controlling inflation will continue to be the major focus of the policy. However, it will also continue to maintain appropriate liquidity in the system such that all legitimate requirements of credit are met. But, the availability of liquidity should be consistent with the objective of price and financial stability.
The liquidity conditions in the system, the report said, eased during the first week of July, mainly on account of a decline in the cash balances of the central government. But, the liquidity condition tightened significantly thereafter mainly due to two-stage hike in CRR in June, the report pointed out.
VIA:E.T
29 Jul, 2008, 0629 hrs IST, TNN
The Reserve Bank of India (RBI) will continue to take harsh measures to check demand to control inflation in the country. In its Macro Economic and Monetary Development report, RBI said with WPI-based inflation hardening, an adjustment of overall aggregate demand is needed.
It said that monetary policy has to address the aggregate demand pressure, which appears to be strong. The central bank statement clearly indicates that it might increase the interest rate on Tuesday, when it will review its credit policy.
The review also pointed out that India's budget deficit may come under pressure in 2008-09 as the government boosts spending. Government finances will be hit by "higher oil subsidies and the burden of debt waiver to farmers," RBI said in the report. Salary increases for its employees may also widen the shortfall, it said.
A ballooning budget deficit may force RBI to raise borrowing costs to prevent higher government spending from stoking prices. It will also limit PM Manmohan Singh's scope to introduce further policy measures to tame inflation running at a 13-year high.
Spending by India's government registered a "sharp rise" in April-May, the first two months of the current fiscal year, the central bank said. The government's budget deficit target for this year is 2.8% of gross domestic product.
"International crude prices are expected to remain at elevated levels," the report said. "High and volatile international crude oil prices, thus, pose a major risk to the global inflation outlook," it added.
Controlling inflation will continue to be the major focus of the policy. However, it will also continue to maintain appropriate liquidity in the system such that all legitimate requirements of credit are met. But, the availability of liquidity should be consistent with the objective of price and financial stability.
The liquidity conditions in the system, the report said, eased during the first week of July, mainly on account of a decline in the cash balances of the central government. But, the liquidity condition tightened significantly thereafter mainly due to two-stage hike in CRR in June, the report pointed out.
VIA:E.T
L&T builds on strong Q1 results
Larsen & Toubro soared 3.60% to Rs 2720 at 15:15 IST on BSE after the company reported 33.3% spurt in net profit to Rs 502.40 crore on 50.63% jump in total income to Rs 7103.26 in Q1 June 2008 over Q1 June 2007.
The results hit the market a little while ago.
The stock hit a high of Rs 2799 and a low of Rs 2600.55 so far during the day. The stock had a 52-week high of Rs 4670 on 1 November 2007 and a 52-week low of Rs 2100 on 2 July 2008.
The company has an equity capital of Rs 58.48 crore. The stock is currently trading 1:1 cum bonus. Face value per share is Rs 2.
The current price of Rs 2720 discounts its Q4 March 2008 annualised EPS of Rs 132.27, by a PE multiple of 20.56.
On 9 July 2008, L&T’s railway business unit bagged an order worth Rs 1047 crore from Indian Railways for setting up a cast steel wheel manufacturing plant at Saran in Bihar.
The company manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys.
The results hit the market a little while ago.
The stock hit a high of Rs 2799 and a low of Rs 2600.55 so far during the day. The stock had a 52-week high of Rs 4670 on 1 November 2007 and a 52-week low of Rs 2100 on 2 July 2008.
The company has an equity capital of Rs 58.48 crore. The stock is currently trading 1:1 cum bonus. Face value per share is Rs 2.
The current price of Rs 2720 discounts its Q4 March 2008 annualised EPS of Rs 132.27, by a PE multiple of 20.56.
On 9 July 2008, L&T’s railway business unit bagged an order worth Rs 1047 crore from Indian Railways for setting up a cast steel wheel manufacturing plant at Saran in Bihar.
The company manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys.
Two new Sensex entrants TATPOWER & STERLITE IND
Two stocks that entered the coveted 30-member Sensex pack from today, Tata Power Company and Sterlite Industries replaced Ambuja Cement and Cipla in the 30-member Sensex pack from today, 28 July 2008.
Sunil Hitech Engineers bagged three Large orders
Sunil Hitech Engineers surged 7.02% to Rs 202.85 at 12:56 IST on BSE after the company said it has bagged three different orders aggregating to Rs 649.22 crore from three different clients.
The company made this announcement during trading hours today, 28 July 2008.
The stock hit a high of Rs 225 and a low of Rs 186 far during the day. The stock had a 52-week high of Rs 415 on 2 January 2008 and a 52-week low of Rs 156.25 on 2 July 2008.
The company has an equity capital of Rs 12.28 crore. Face value per share is Rs 10.
The current price of Rs 202.85 discounts its Q4 March 2008 annualised EPS of Rs 23.52, by a PE multiple of 8.62.
With these latest orders, Sunil Hitech Engineers’ order book stands at Rs 1374.65 crore.
In April 2008, the company bagged orders worth Rs 100.68 crore from JSW Steel for structural works.
Sunil Hitech Engineers’ net profit surged 120.1% to Rs 7.22 crore on 142.6% increase in net sales to Rs 112.38 crore in Q4 March 2008 over Q4 March 2007.
The company made this announcement during trading hours today, 28 July 2008.
The stock hit a high of Rs 225 and a low of Rs 186 far during the day. The stock had a 52-week high of Rs 415 on 2 January 2008 and a 52-week low of Rs 156.25 on 2 July 2008.
The company has an equity capital of Rs 12.28 crore. Face value per share is Rs 10.
The current price of Rs 202.85 discounts its Q4 March 2008 annualised EPS of Rs 23.52, by a PE multiple of 8.62.
With these latest orders, Sunil Hitech Engineers’ order book stands at Rs 1374.65 crore.
In April 2008, the company bagged orders worth Rs 100.68 crore from JSW Steel for structural works.
Sunil Hitech Engineers’ net profit surged 120.1% to Rs 7.22 crore on 142.6% increase in net sales to Rs 112.38 crore in Q4 March 2008 over Q4 March 2007.
Great Offshore bagged an engineering services contract from ONGC
Great Offshore gained 2.02% to Rs 419.50 at 12:24 IST on BSE after the company said it has bagged an engineering services contract worth Rs 284 crore from Oil & Natural Gas corporation.
The company made this announcement during trading hours today, 28 July 2008.
The stock hit a high of Rs 430 and a low of Rs 404 far during the day. The stock had a 52-week high of Rs 1149.95 on 8 January 2008 and a 52-week low of Rs 384 on 21 July 2008.
The company has an equity capital of Rs 38.12 crore. Face value per share is Rs 10.
The current price of Rs 419.50 discounts its Q4 March 2008 annualised EPS of Rs 44.48, by a PE multiple of 9.43.
The contract is to be executed by mid 2010.
Great Offshore’s net profit rose 41.4% to Rs 42.39 crore on 23.9% increase in net sales to Rs 184.98 crore in Q4 March 2008 over Q4 March 2007.
Great Offshore is an integrated offshore oilfield services provider, offering a broad spectrum of services to upstream oil and gas producers.
The company made this announcement during trading hours today, 28 July 2008.
The stock hit a high of Rs 430 and a low of Rs 404 far during the day. The stock had a 52-week high of Rs 1149.95 on 8 January 2008 and a 52-week low of Rs 384 on 21 July 2008.
The company has an equity capital of Rs 38.12 crore. Face value per share is Rs 10.
The current price of Rs 419.50 discounts its Q4 March 2008 annualised EPS of Rs 44.48, by a PE multiple of 9.43.
The contract is to be executed by mid 2010.
Great Offshore’s net profit rose 41.4% to Rs 42.39 crore on 23.9% increase in net sales to Rs 184.98 crore in Q4 March 2008 over Q4 March 2007.
Great Offshore is an integrated offshore oilfield services provider, offering a broad spectrum of services to upstream oil and gas producers.
PNB Gilts hits the roof as parent initiates disinvestment process
PNB Gilts galloped 20% to Rs 22.90 at 11:11 IST on BSE after the company said its promoter Punjab National Bank, holding a majority stake, has initiated the divestment process of its stake in the company.
Both the companies PNB Gilts and Punjab National Bank made seperate announcements to the stock exchanges after market hours in this regard on Friday, 25 July 2008
The stock hit a high of Rs 22.90 and a low of Rs 20.25 so far during the day. The stock had a 52-week high of Rs 54 on 3 January 2008 and a 52-week low of Rs 18.05 on 2 July 2008.
The company’s current equity is Rs 135.01 crore. Face value per share is Rs 10.
PNB Gilts is a 74.07% subsidiary of state-run banking major Punjab National Bank. The company focuses on advisory services and also venturing into debt origination, debt distribution and mutual fund distribution.
The company reported higher net loss of Rs 6.01 crore in Q4 March 2008 as compared to net loss of Rs 10.23 crore in Q4 March 2008. Operating income rose 69.80% to Rs 32.76 crore in Q4 March 2008 over Q4 March 2007.
Both the companies PNB Gilts and Punjab National Bank made seperate announcements to the stock exchanges after market hours in this regard on Friday, 25 July 2008
The stock hit a high of Rs 22.90 and a low of Rs 20.25 so far during the day. The stock had a 52-week high of Rs 54 on 3 January 2008 and a 52-week low of Rs 18.05 on 2 July 2008.
The company’s current equity is Rs 135.01 crore. Face value per share is Rs 10.
PNB Gilts is a 74.07% subsidiary of state-run banking major Punjab National Bank. The company focuses on advisory services and also venturing into debt origination, debt distribution and mutual fund distribution.
The company reported higher net loss of Rs 6.01 crore in Q4 March 2008 as compared to net loss of Rs 10.23 crore in Q4 March 2008. Operating income rose 69.80% to Rs 32.76 crore in Q4 March 2008 over Q4 March 2007.
Micro Technologies on blockbuster Q1 earnings
Micro Technologies India surged 6.40% to Rs 233.15 at 10:21 IST on BSE after the company reported 65.50% spurt in net profit to Rs 17.44 crore on 67.40% increase in net sales to Rs 57.76 crore in Q1 June 2008 over Q1 June 2007.
The company declared results after market hours on Friday, 25 July 2008
The stock hit a high of Rs 238 and a low of Rs 225 so far during the day. The stock had a 52-week high of Rs 385 on 2 January 2008 and a 52-week low of Rs 177.10 on 24 March 2008.
The company’s current equity is Rs 10.98 crore. Face value per share is Rs 10.
The current price of Rs 233.15 discounts its Q1 June 2008 annualised EPS of Rs 63.53, by a PE multiple of 3.66.
Micro Technologies India provides information technology (IT) solutions. The services of the company include system integration, software services and products, technical services, E commerce and Internet services.
The company declared results after market hours on Friday, 25 July 2008
The stock hit a high of Rs 238 and a low of Rs 225 so far during the day. The stock had a 52-week high of Rs 385 on 2 January 2008 and a 52-week low of Rs 177.10 on 24 March 2008.
The company’s current equity is Rs 10.98 crore. Face value per share is Rs 10.
The current price of Rs 233.15 discounts its Q1 June 2008 annualised EPS of Rs 63.53, by a PE multiple of 3.66.
Micro Technologies India provides information technology (IT) solutions. The services of the company include system integration, software services and products, technical services, E commerce and Internet services.
SBI banks on good Q1 results
State Bank of India gained 1.45% to Rs 1469.70 at 10:11 IST on BSE on reporting 15.1% rise in net profit to Rs 1640.79 crore in Q1 June 2008 over Q1 June 2007.
The bank announced the results on Saturday, 26 July 2008.
The stock hit a high of Rs 1478.80 and a low of Rs 1445 so far during the day. The stock had a 52-week high of Rs 2396.54 on 14 January 2008 and a 52-week low of Rs 1007 on 1 July 2008.
From a recent low of Rs 1177.8 on 15 July 2008, the stock rose 23% to Rs 1448.75 on 25 July 2008. The The stock had surged 10.45% to Rs 1543.80 on 23 July 2008 as the market surged on that day after the government on 22 July 2008 won trust vote in parliament against left parties. The stock declined 2% to Rs 1448.75 on 25 July 2008 on weak global cues.
The bank has an equity capital of Rs 634.88 crore. Face value per share is Rs 10.
The current price of Rs 1469.70 discounts its Q1 June 2008 annualised EPS of Rs 103.38, by a PE multiple of 14.22.
State Bank of India (SBI) reported a 32.50% surge in total income to Rs 16,203.07 crore in Q1 June 2008 over Q1 June 2007.
State Bank of India raised its benchmark prime-lending rate by 50 basis points to 12.75% with effect from 27 June 2008.
In February 2008, the bank raised about Rs 16,700 crore through rights issue of equity shares. The bank offered one share for every five shares held at Rs 1590 per share
SBI provides banking, treasury and credit management services to individual and corporate clients.
The bank announced the results on Saturday, 26 July 2008.
The stock hit a high of Rs 1478.80 and a low of Rs 1445 so far during the day. The stock had a 52-week high of Rs 2396.54 on 14 January 2008 and a 52-week low of Rs 1007 on 1 July 2008.
From a recent low of Rs 1177.8 on 15 July 2008, the stock rose 23% to Rs 1448.75 on 25 July 2008. The The stock had surged 10.45% to Rs 1543.80 on 23 July 2008 as the market surged on that day after the government on 22 July 2008 won trust vote in parliament against left parties. The stock declined 2% to Rs 1448.75 on 25 July 2008 on weak global cues.
The bank has an equity capital of Rs 634.88 crore. Face value per share is Rs 10.
The current price of Rs 1469.70 discounts its Q1 June 2008 annualised EPS of Rs 103.38, by a PE multiple of 14.22.
State Bank of India (SBI) reported a 32.50% surge in total income to Rs 16,203.07 crore in Q1 June 2008 over Q1 June 2007.
State Bank of India raised its benchmark prime-lending rate by 50 basis points to 12.75% with effect from 27 June 2008.
In February 2008, the bank raised about Rs 16,700 crore through rights issue of equity shares. The bank offered one share for every five shares held at Rs 1590 per share
SBI provides banking, treasury and credit management services to individual and corporate clients.
Hindustan Unilever robust Q2 results
Hindustan Unilever was up 1.21% to Rs 235 at 10:05 IST on BSE after the company reported 13.20% rise in net profit to Rs 558.18 crore on 21.10% increase in net sales to Rs 4215.67 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results at the fag end of the trading session on Friday, 25 July 2008 when the stock rose 1.91% to Rs 232.20.
The stock hit a high of Rs 240 and a low of Rs 232.05 so far during the day. The stock had a 52-week high of Rs 256 on 8 April 2008 and a 52-week low of Rs 170 on 22 January 2008.
The company’s current equity is Rs 220.86 crore. Face value per share is Re 1.
The current price of Rs 235 discounts its Q2 June 2008 annualised EPS of Rs 10.25, by a PE multiple of 22.92.
At the time of announcing results on Friday, 25 July 2008, Hindustan Unilever (HUL) said sales of Fair & Lovely skin cream, Pepsodent toothpaste and other personal-care products rose 19% to Rs 1,070 crore in Q2 June 2008 over Q2 June 2007. The food business grew 14% in Q2 June 2008 over Q2 June 2007 on the back of strong volumes in beverages and processed foods. Except for beverages, all business segments posted double-digit growth in profits.
Hindustan Unilever is engaged in manufacturing and marketing consumer products. The group operates through seven segments: soaps and detergents, personal products, exports, beverages, foods and ice creams
The company announced the results at the fag end of the trading session on Friday, 25 July 2008 when the stock rose 1.91% to Rs 232.20.
The stock hit a high of Rs 240 and a low of Rs 232.05 so far during the day. The stock had a 52-week high of Rs 256 on 8 April 2008 and a 52-week low of Rs 170 on 22 January 2008.
The company’s current equity is Rs 220.86 crore. Face value per share is Re 1.
The current price of Rs 235 discounts its Q2 June 2008 annualised EPS of Rs 10.25, by a PE multiple of 22.92.
At the time of announcing results on Friday, 25 July 2008, Hindustan Unilever (HUL) said sales of Fair & Lovely skin cream, Pepsodent toothpaste and other personal-care products rose 19% to Rs 1,070 crore in Q2 June 2008 over Q2 June 2007. The food business grew 14% in Q2 June 2008 over Q2 June 2007 on the back of strong volumes in beverages and processed foods. Except for beverages, all business segments posted double-digit growth in profits.
Hindustan Unilever is engaged in manufacturing and marketing consumer products. The group operates through seven segments: soaps and detergents, personal products, exports, beverages, foods and ice creams
Friday, July 25, 2008
Pratibha Industries - robust quarterly earnings
Pratibha Industries rose 2.15% to Rs 213.50 at 15:29 IST on BSE after the company posted 93.83% rise in net profit to Rs 11.61 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 222.40 and a low of Rs 210 so far during the day. The stock had a 52-week high of Rs 469.80 on 2 January 2008 and a 52-week low of Rs 180.10 on 18 July 2008.
From a recent low of Rs 196 on 16 July 2008 the stock rose 6.63% to Rs 209 on 24 July 2008. The stock had gained 4.82% to Rs 215.40 on 23 July 2008 as market surged on that day after government on 22 July 2008 won the vote of trust in parliament. The stock declined 2.97% to Rs 209 on 24 July 2008.
The company has an equity capital of Rs 16.69 crore. Face value per share is Rs 10.
The current price of Rs 213.50 discounts its Q4 March 2008 annualised EPS of Rs 24.73, by a PE multiple of 8.63.
Pratibha Industries reported a 171.11% surge in total income to Rs 180.31 crore in Q1 June 2008 over Q1 June 2007.
In June 2008, Pratibha Industries bagged an order worth Rs 179.72 crore from Lanco Hills Technology Park for construction of a mall podium.
In April 2008, the company bagged an order worth Rs 37.03 crore from Sunshine Housing Development for construction of a commercial building Sunshine Towers at Dadar in Mumbai.
The company is engaged in the business of infrastructure and manufacture of submerged arc welded pipes.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 222.40 and a low of Rs 210 so far during the day. The stock had a 52-week high of Rs 469.80 on 2 January 2008 and a 52-week low of Rs 180.10 on 18 July 2008.
From a recent low of Rs 196 on 16 July 2008 the stock rose 6.63% to Rs 209 on 24 July 2008. The stock had gained 4.82% to Rs 215.40 on 23 July 2008 as market surged on that day after government on 22 July 2008 won the vote of trust in parliament. The stock declined 2.97% to Rs 209 on 24 July 2008.
The company has an equity capital of Rs 16.69 crore. Face value per share is Rs 10.
The current price of Rs 213.50 discounts its Q4 March 2008 annualised EPS of Rs 24.73, by a PE multiple of 8.63.
Pratibha Industries reported a 171.11% surge in total income to Rs 180.31 crore in Q1 June 2008 over Q1 June 2007.
In June 2008, Pratibha Industries bagged an order worth Rs 179.72 crore from Lanco Hills Technology Park for construction of a mall podium.
In April 2008, the company bagged an order worth Rs 37.03 crore from Sunshine Housing Development for construction of a commercial building Sunshine Towers at Dadar in Mumbai.
The company is engaged in the business of infrastructure and manufacture of submerged arc welded pipes.
ABB tumbles after Q2 results
ABB plunged 6.70% to Rs 842.75 at 14:40 IST on BSE despite reporting a 21.42% rise in net profit to Rs 131.81 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 915 and a low of Rs 832.25 so far during the day. The stock had a 52-week high of Rs 1670 on 19 November 2007 and a 52-week low of Rs 711 on 2 July 2008.
From a recent low of Rs 812.05 on 15 July 2008, the stock rose 11.23% to Rs 903.25 on 24 July 2008. The stock had gained 3.61% to Rs 918.65 on 23 July 2008 as market surged on that day after government on 22 July 2008 won the vote of trust in parliament against left parties.
The company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.
The current price of Rs 842.75 discounts its Q4 March 2008 annualised EPS of Rs 22.22, by a PE multiple of 37.93.
ABB’s total income rose 15.68% to Rs 1637.62 crore in Q2 June 2008 over Q2 June 2007.
ABB's order intake rose 11% to Rs 2208.60 crore in Q2 June 2008 over Q2 June 2007. The company's order book at end of Q2 June 2008 stood at Rs 6776.90 crore, compared to Rs 5026 crore at the beginning of the calendar year 2008.
On 1 July 2008, ABB bagged an order worth Rs 312 crore to provide power solutions for a new terminal T3 at Indira Gandhi International Airport at Delhi.
In June 2008, ABB bagged an order worth Rs 295 crore to provide power solutions to JSW Energy for its upcoming 1200-megawatt thermal power plant in Ratnagiri, Maharashtra.
ABB provides power and automation technologies to utility and industry customers worldwide.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 915 and a low of Rs 832.25 so far during the day. The stock had a 52-week high of Rs 1670 on 19 November 2007 and a 52-week low of Rs 711 on 2 July 2008.
From a recent low of Rs 812.05 on 15 July 2008, the stock rose 11.23% to Rs 903.25 on 24 July 2008. The stock had gained 3.61% to Rs 918.65 on 23 July 2008 as market surged on that day after government on 22 July 2008 won the vote of trust in parliament against left parties.
The company has an equity capital of Rs 42.38 crore. Face value per share is Rs 2.
The current price of Rs 842.75 discounts its Q4 March 2008 annualised EPS of Rs 22.22, by a PE multiple of 37.93.
ABB’s total income rose 15.68% to Rs 1637.62 crore in Q2 June 2008 over Q2 June 2007.
ABB's order intake rose 11% to Rs 2208.60 crore in Q2 June 2008 over Q2 June 2007. The company's order book at end of Q2 June 2008 stood at Rs 6776.90 crore, compared to Rs 5026 crore at the beginning of the calendar year 2008.
On 1 July 2008, ABB bagged an order worth Rs 312 crore to provide power solutions for a new terminal T3 at Indira Gandhi International Airport at Delhi.
In June 2008, ABB bagged an order worth Rs 295 crore to provide power solutions to JSW Energy for its upcoming 1200-megawatt thermal power plant in Ratnagiri, Maharashtra.
ABB provides power and automation technologies to utility and industry customers worldwide.
Educomp Solutions slides even after strong Q1 results
Educomp Solutions fell 7.09% to Rs 3,125 at 13:30 IST on BSE even as it reported 180.99% rise in net profit to Rs 16.77 crore on 129.86% rise in total income to Rs 72.09 crore in Q1 June 2008 over Q1 June 2007.
The company announced the result during trading hours today, 25 July 2008.
The stock hit a high of Rs 3,300 and a low of Rs 3,139 so far during the day. The stock had a 52-week high of Rs 5,650 on 17 January 2008 and a 52-week low of Rs 2,203 on 25 July 2008.
From the recent low of Rs 2,699.60 on 15 July 2008 the stock rose 24.75% to Rs 3,367.95 on 24 July 2008. The stock had risen 15.87% to Rs 3,518.05 on 23 July 2008. However, it declined 4.27% to Rs 3,367.95 on 24 July 2008 after it announced acquisition of a strategic stake in A-Plus Education Solutions.
The company has an equity capital of Rs 17.28 crore. Face value per share is Rs 10.
The current price of Rs 3,125 discounts its Q4 March 2008 annualised EPS of Rs 72.97, by a PE multiple of 42.82.
Educomp will invest Rs 10.75 crores in A-Plus Education Solutions over the next two years to acquire a 76% stake in the company.
Educomp Solutions is a technology-driven, e-learning solutions provider specializing in creation, management and delivery of learning content.
The company announced the result during trading hours today, 25 July 2008.
The stock hit a high of Rs 3,300 and a low of Rs 3,139 so far during the day. The stock had a 52-week high of Rs 5,650 on 17 January 2008 and a 52-week low of Rs 2,203 on 25 July 2008.
From the recent low of Rs 2,699.60 on 15 July 2008 the stock rose 24.75% to Rs 3,367.95 on 24 July 2008. The stock had risen 15.87% to Rs 3,518.05 on 23 July 2008. However, it declined 4.27% to Rs 3,367.95 on 24 July 2008 after it announced acquisition of a strategic stake in A-Plus Education Solutions.
The company has an equity capital of Rs 17.28 crore. Face value per share is Rs 10.
The current price of Rs 3,125 discounts its Q4 March 2008 annualised EPS of Rs 72.97, by a PE multiple of 42.82.
Educomp will invest Rs 10.75 crores in A-Plus Education Solutions over the next two years to acquire a 76% stake in the company.
Educomp Solutions is a technology-driven, e-learning solutions provider specializing in creation, management and delivery of learning content.
MRPL Robust quarterly earnings
Mangalore Refinery And Petrochemicals jumped 12.37% to Rs 64.95 at 12:55 IST on BSE on reporting 129.39% surge in net profit to Rs 845.40 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 65.75 and a low of Rs 55.20 so far during the day. The stock had a 52-week high of Rs 149 on 4 January 2008 and a 52-week low of Rs 39.55 on 17 August 2007.
The company has an equity capital of Rs 1752.90 crore. Face value per share is Rs 10.
The current price of Rs 64.95 discounts its Q4 March 2008 annualised EPS of Rs 5.14, by a PE multiple of 12.64.
Mangalore Refinery And Petrochemicals (MRPL)’s total income rose 43.97% to Rs 10811.39 crore in Q1 June 2008 over Q1 June 2007.
In February 2008, MRPL entered into an agreement with Shell Aviation to form a joint venture company for marketing aviation fuel in India.
MRPL is engaged in manufacturing and marketing petroleum products, which include refineries and petrochemicals.
The company announced the results during trading hours today, 25 July 2008.
The stock hit a high of Rs 65.75 and a low of Rs 55.20 so far during the day. The stock had a 52-week high of Rs 149 on 4 January 2008 and a 52-week low of Rs 39.55 on 17 August 2007.
The company has an equity capital of Rs 1752.90 crore. Face value per share is Rs 10.
The current price of Rs 64.95 discounts its Q4 March 2008 annualised EPS of Rs 5.14, by a PE multiple of 12.64.
Mangalore Refinery And Petrochemicals (MRPL)’s total income rose 43.97% to Rs 10811.39 crore in Q1 June 2008 over Q1 June 2007.
In February 2008, MRPL entered into an agreement with Shell Aviation to form a joint venture company for marketing aviation fuel in India.
MRPL is engaged in manufacturing and marketing petroleum products, which include refineries and petrochemicals.
HCC slips as forex losses pull Q1 net profit down
Hindustan Construction Company fell 5.22% to Rs 96.20 at 12:48 IST on BSE on reporting 11.83% fall in net profit to Rs 30.84 crore on 15.44% rise in total income to Rs 878.33 crore in Q1 June 2008 over Q1 June 2007.
The company announced the result during trading hours today, 25 July 2008.
The stock hit a high of Rs 100 and a low of Rs 95.20 so far during the day. The stock had a 52-week high of Rs 278.90 on 2 January 2008 and a 52-week low of Rs 67.80 on 2 July 2008.
The company has an equity capital of Rs 25.62 crore. Face value per share is Rs 1.
The current price of Rs 96.20 discounts its Q4 March 2008 annualised EPS of Rs 4.12, by a PE multiple of 23.34.
The company’s order book stands at Rs 10196 crore. It is currently executing 37 projects and is the lowest bidder in four projects worth Rs 4,924 crore and is awaiting award of the contracts. In Q1 June 2008, Hindustan Construction Company (HCC) made a provision of Rs 50.6 crore on account of foreign exchange losses on foreign currency loans including foreign currency convertible bond.
Hindustan Construction Company’s board also has approved issue of secured redeemable non-convertible debentures (NCDs) on private placement basis of Rs 100 crore to Life Insurance Corporation of India (LIC).
HCC is engaged in constructing industrial and commercial building. HCC specializes in large-scale civil constructions. It has been continuously developing new age construction technologies.
The company announced the result during trading hours today, 25 July 2008.
The stock hit a high of Rs 100 and a low of Rs 95.20 so far during the day. The stock had a 52-week high of Rs 278.90 on 2 January 2008 and a 52-week low of Rs 67.80 on 2 July 2008.
The company has an equity capital of Rs 25.62 crore. Face value per share is Rs 1.
The current price of Rs 96.20 discounts its Q4 March 2008 annualised EPS of Rs 4.12, by a PE multiple of 23.34.
The company’s order book stands at Rs 10196 crore. It is currently executing 37 projects and is the lowest bidder in four projects worth Rs 4,924 crore and is awaiting award of the contracts. In Q1 June 2008, Hindustan Construction Company (HCC) made a provision of Rs 50.6 crore on account of foreign exchange losses on foreign currency loans including foreign currency convertible bond.
Hindustan Construction Company’s board also has approved issue of secured redeemable non-convertible debentures (NCDs) on private placement basis of Rs 100 crore to Life Insurance Corporation of India (LIC).
HCC is engaged in constructing industrial and commercial building. HCC specializes in large-scale civil constructions. It has been continuously developing new age construction technologies.
Balaji Amines spurts on strong Q1 chemistry
Balaji Amines was locked at 20% upper limit at Rs 120.20 at 11:23 IST on BSE after the company posted 67.2% rise in net profit to Rs 5.15 crore on 48.6% increase in net sales to Rs 73.08 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 24 July 2008
The stock hit a high of Rs 120.20 and a low of Rs 102.10 so far during the day. The stock had a 52-week high of Rs 237 on 7 January 2008 and a 52-week low of Rs 90 on 3 July 2008.
The company has an equity capital of Rs 6.48 crore. Face value per share is Rs 10.
The current price of Rs 120.20 discounts its Q1 June 2008 annualised EPS of Rs 31.79, by a PE multiple of 3.78.
The company is engaged in manufacturing ethyl and methylamines, which have various applications in chemical industries.
The company announced the results after trading hours yesterday, 24 July 2008
The stock hit a high of Rs 120.20 and a low of Rs 102.10 so far during the day. The stock had a 52-week high of Rs 237 on 7 January 2008 and a 52-week low of Rs 90 on 3 July 2008.
The company has an equity capital of Rs 6.48 crore. Face value per share is Rs 10.
The current price of Rs 120.20 discounts its Q1 June 2008 annualised EPS of Rs 31.79, by a PE multiple of 3.78.
The company is engaged in manufacturing ethyl and methylamines, which have various applications in chemical industries.
RIL drops after Q1 results
Reliance Industries declined 2.67% to Rs 2245 at 9:55 IST on BSE after it reported 13.2% rise in net profit to Rs 4110 crore on 40.8% increase in net sales to Rs 41579 crore in Q1 June 2008 over Q1 June 2007.
The results were more or less in line with market expectations
The company announced the results after trading hours yesterday, 24 July 2008.
The stock hit a high of Rs 289.95 and a low of Rs 2245 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008 and a 52-week low of Rs 1700 on 17 August 2007.
The company has an equity capital of Rs 1453.65 crore. Face value per share is Rs 10.
The current price of Rs 2245 discounts its Q1 June 2008 annualised EPS of Rs 113.07, by a PE multiple of 19.85.
Nearly 95% of the increase in turnover was due to increase in prices, with volume increases accounting for the rest, said a press release of Reliance Industris (RIL) on Q1 results.
Meanwhile, hearing on the gas dispute between the two Ambani brothers began in Bombay High Court on Thursday, 24 July 2008, where a memorandum of understanding (MoU) signed between the warring Ambani brothers during their split in June 2005 took centre stage. RIL counsel Harish Salve said the MoU cannot be taken as the basis for allocation of gas by RIL to Anil Ambani-promoted Reliance Natural Resources (RNRL).
The MoU was the basis for the demerger of the Reliance Group. After the split, Mukesh Ambani got RIL and Anil Ambani got Reliance Capital, Reliance Communications and Reliance Energy. The Bombay High Court, on Thursday, began daily hearing on the gas dispute between the two firms. Daily hearing will take place from 12:00 IST to 14:00 IST.
According to the agreement, gas from RIL's KG basin fields would be allocated to Reliance Energy for its upcoming power plants, including the 4,000 megawatt Dadri project. As per the agreement, Reliance Energy would have the right to 28 million cubic metres of gas per day from KG basin at a price of $3.18 per mmbtu. It would also be allotted another 12 million cubic metres of gas if an earlier agreement between RIL and power major NTPC falls through. Besides, the Anil Dhirubhai Ambani Group (ADAG) will have the first right over 40 per cent of all future gas discoveries made by RIL.
In 2006, the central government had said the gas sale price as per the June MoU does not hold as it has not been arrived at by the arm's length formula and the government would lose a lot of revenue if that price were to receive official sanction. Based on the government directive, RIL refused to enter into a gas contract with RNRL. The ADAG company sued RIL in late 2006 and the matter is still pending before the courts
On 25 June 2008, India's oil ministry said RIL will start pumping 25 million standard cubic metres a day of natural gas by September 2008 from its D-6 field in the KG basin. The output from Reliance Industries (RIL)' D-6 field will be raised to 40 million standard cubic metres a day (mmscmd) by March 2009. The government said companies that discover gas in India would have to accord priority to urea plants, LPG plants, power plants and city gas distribution projects in that order.
In May 2008, RIL signed a letter of intent with NOVA Chemicals to form a joint venture (JV) in the area of building and construction, where RIL holds 51% of the shareholding and NOVA Chemicals will hold 49%.
Reliance Industries is engaged in oil refining, producing and distributing plastic and intermediates, polyester filament yarn, fibre intermediates, polymer intermediates, crackers, chemicals, textiles. It is also into exploration and production of oil and natural gas. The firm also runs retail outlets.
The results were more or less in line with market expectations
The company announced the results after trading hours yesterday, 24 July 2008.
The stock hit a high of Rs 289.95 and a low of Rs 2245 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008 and a 52-week low of Rs 1700 on 17 August 2007.
The company has an equity capital of Rs 1453.65 crore. Face value per share is Rs 10.
The current price of Rs 2245 discounts its Q1 June 2008 annualised EPS of Rs 113.07, by a PE multiple of 19.85.
Nearly 95% of the increase in turnover was due to increase in prices, with volume increases accounting for the rest, said a press release of Reliance Industris (RIL) on Q1 results.
Meanwhile, hearing on the gas dispute between the two Ambani brothers began in Bombay High Court on Thursday, 24 July 2008, where a memorandum of understanding (MoU) signed between the warring Ambani brothers during their split in June 2005 took centre stage. RIL counsel Harish Salve said the MoU cannot be taken as the basis for allocation of gas by RIL to Anil Ambani-promoted Reliance Natural Resources (RNRL).
The MoU was the basis for the demerger of the Reliance Group. After the split, Mukesh Ambani got RIL and Anil Ambani got Reliance Capital, Reliance Communications and Reliance Energy. The Bombay High Court, on Thursday, began daily hearing on the gas dispute between the two firms. Daily hearing will take place from 12:00 IST to 14:00 IST.
According to the agreement, gas from RIL's KG basin fields would be allocated to Reliance Energy for its upcoming power plants, including the 4,000 megawatt Dadri project. As per the agreement, Reliance Energy would have the right to 28 million cubic metres of gas per day from KG basin at a price of $3.18 per mmbtu. It would also be allotted another 12 million cubic metres of gas if an earlier agreement between RIL and power major NTPC falls through. Besides, the Anil Dhirubhai Ambani Group (ADAG) will have the first right over 40 per cent of all future gas discoveries made by RIL.
In 2006, the central government had said the gas sale price as per the June MoU does not hold as it has not been arrived at by the arm's length formula and the government would lose a lot of revenue if that price were to receive official sanction. Based on the government directive, RIL refused to enter into a gas contract with RNRL. The ADAG company sued RIL in late 2006 and the matter is still pending before the courts
On 25 June 2008, India's oil ministry said RIL will start pumping 25 million standard cubic metres a day of natural gas by September 2008 from its D-6 field in the KG basin. The output from Reliance Industries (RIL)' D-6 field will be raised to 40 million standard cubic metres a day (mmscmd) by March 2009. The government said companies that discover gas in India would have to accord priority to urea plants, LPG plants, power plants and city gas distribution projects in that order.
In May 2008, RIL signed a letter of intent with NOVA Chemicals to form a joint venture (JV) in the area of building and construction, where RIL holds 51% of the shareholding and NOVA Chemicals will hold 49%.
Reliance Industries is engaged in oil refining, producing and distributing plastic and intermediates, polyester filament yarn, fibre intermediates, polymer intermediates, crackers, chemicals, textiles. It is also into exploration and production of oil and natural gas. The firm also runs retail outlets.
Post-Market Commentary -Friday, July 25, 2008
Sensex shed 502 points on weak global cues; ICICI Bank, RIL tumble
The market slumped today after reports filtered of seven blasts in Bangalore in afternoon. Weak global cues and profit booking by investors after a recent sharp surge in a short span also weighed on the indices. Index pivotals ICICI Bank and Reliance Industries plunged.
BSE Sensex fell 502.07 points or 3.40% at 14,274.94.
S&P CNX Nifty slipped 121.7 points or 2.74% at 4311.85.
US stocks declined sharply on Thursday, 24 July 2008, after a report showing yet another drop in US home sales prompted investors to take profits in financial shares.
Oil rose above $126 a barrel on Friday, 25 July 2008,
Two persons were killed and several persons have been injured in nine blasts in the Bangalore today afternoon. Although the police have not yet been able to ascertain the cause of the blast, reports suggest that it may be an act of terror.
As per provisional data released by the stock exchanges after trading hours, today, 25 July 2008, Foreign Funds sold shares worth a net Rs 565.73 crore. Domestic funds sold shares worth a net Rs 302.41 crore.
The market slumped today after reports filtered of seven blasts in Bangalore in afternoon. Weak global cues and profit booking by investors after a recent sharp surge in a short span also weighed on the indices. Index pivotals ICICI Bank and Reliance Industries plunged.
BSE Sensex fell 502.07 points or 3.40% at 14,274.94.
S&P CNX Nifty slipped 121.7 points or 2.74% at 4311.85.
US stocks declined sharply on Thursday, 24 July 2008, after a report showing yet another drop in US home sales prompted investors to take profits in financial shares.
Oil rose above $126 a barrel on Friday, 25 July 2008,
Two persons were killed and several persons have been injured in nine blasts in the Bangalore today afternoon. Although the police have not yet been able to ascertain the cause of the blast, reports suggest that it may be an act of terror.
As per provisional data released by the stock exchanges after trading hours, today, 25 July 2008, Foreign Funds sold shares worth a net Rs 565.73 crore. Domestic funds sold shares worth a net Rs 302.41 crore.
Thursday, July 24, 2008
Inflation softens a bit, touches 11.89 %
24 Jul, 2008, 1800 hrs IST
In what may be seen as a sobering effect, inflation marginally dipped to 11.89 per cent for the week ended July 12. Inflation has softened somewhat with prices of many essential items either declining or remaining static.
While non-food articles rose 0.8 per cent during the week under review, both food articles and primary articles were up 0.6 per cent, with coffee rising by 8 per cent and fruits and vegetables 2 per cent. Tea was, however, down by 2 per cent, while fuel and power remained unchanged.
The trend for the past three weeks connotes that the rate of inflation is stabilizing a bit. The figure for the week ended July 12 is quite in line with the rate of inflation for the week ended July 5, 2008 that stood at 11.91 per cent, marginally higher than the rate of 11.89 per cent reported a fortnight ago.
With early signs of stabilization in tandem with the marginal rationalization in the oil prices and the rupee bounce, it is expected that the Reserve Bank of India may choose to maintain status quo in the forthcoming credit policy on July 29. If at all, the industry feels that RBI may choose to increase the repo rate by 25 basis points as oppose to an increase of 50 basis points that was being anticipated a couple of weeks earlier.
Last month, the central bank had raised short-term lending rates for banks-- repo-- by 0.75 per cent in two installments, while also increasing mandatory cash deposits of banks by 0.50 per cent in two phases to suck out excess liquidity.
For the week ended July 5, the annual inflation rate for the group of 30 essential commodities had declined to 5.74 per cent from 5.98 per cent reported a week earlier. This week too, the stabilization has been reported in prices of essential commodities which include foodgrain, pulses, edible oils, vegetables, dairy products and some other commodities including kerosene, soap and safety matches.
The annual inflation has declined to 9.92 per cent in the primary articles group during the week ended July 5 compared to 10.84 per cent reported a week earlier.
The positive vibes notwithstanding, this however, would be the 22nd consecutive week that the inflation rate has been above 5.5 per cent, the central bank's target for the end of the fiscal year in March 2009.
In what may be seen as a sobering effect, inflation marginally dipped to 11.89 per cent for the week ended July 12. Inflation has softened somewhat with prices of many essential items either declining or remaining static.
While non-food articles rose 0.8 per cent during the week under review, both food articles and primary articles were up 0.6 per cent, with coffee rising by 8 per cent and fruits and vegetables 2 per cent. Tea was, however, down by 2 per cent, while fuel and power remained unchanged.
The trend for the past three weeks connotes that the rate of inflation is stabilizing a bit. The figure for the week ended July 12 is quite in line with the rate of inflation for the week ended July 5, 2008 that stood at 11.91 per cent, marginally higher than the rate of 11.89 per cent reported a fortnight ago.
With early signs of stabilization in tandem with the marginal rationalization in the oil prices and the rupee bounce, it is expected that the Reserve Bank of India may choose to maintain status quo in the forthcoming credit policy on July 29. If at all, the industry feels that RBI may choose to increase the repo rate by 25 basis points as oppose to an increase of 50 basis points that was being anticipated a couple of weeks earlier.
Last month, the central bank had raised short-term lending rates for banks-- repo-- by 0.75 per cent in two installments, while also increasing mandatory cash deposits of banks by 0.50 per cent in two phases to suck out excess liquidity.
For the week ended July 5, the annual inflation rate for the group of 30 essential commodities had declined to 5.74 per cent from 5.98 per cent reported a week earlier. This week too, the stabilization has been reported in prices of essential commodities which include foodgrain, pulses, edible oils, vegetables, dairy products and some other commodities including kerosene, soap and safety matches.
The annual inflation has declined to 9.92 per cent in the primary articles group during the week ended July 5 compared to 10.84 per cent reported a week earlier.
The positive vibes notwithstanding, this however, would be the 22nd consecutive week that the inflation rate has been above 5.5 per cent, the central bank's target for the end of the fiscal year in March 2009.
Hindustan Zinc drops after dismal Q1 results
Hindustan Zinc lost 4.36% to Rs 528 at 15:14 IST on BSE after posting 30.01% fall in net profit to Rs 847.81 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 563.90 and a low of Rs 525.05 so far during the day. The stock had a 52-week high of Rs 969 on 18 October 2007 and a 52-week low of Rs 462.50 on 2 July 2008.
The company has an equity capital of Rs 422.53 crore. Face value per share is Rs 10.
The current price of Rs 528 discounts its Q4 March 2008 annualised EPS of Rs 120.85, by a PE multiple of 4.37.
Hindustan Zinc’s total income declined 18.23% to Rs 1853.04 crore in Q1 June 2008 over Q1 June 2007.
Hindustan Zinc’s activities comprise mining and smelting of zinc and lead. The products include zinc ingots, lead ingots, silver, sulphuric acid, cadmium ingots, copper cathode and others.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 563.90 and a low of Rs 525.05 so far during the day. The stock had a 52-week high of Rs 969 on 18 October 2007 and a 52-week low of Rs 462.50 on 2 July 2008.
The company has an equity capital of Rs 422.53 crore. Face value per share is Rs 10.
The current price of Rs 528 discounts its Q4 March 2008 annualised EPS of Rs 120.85, by a PE multiple of 4.37.
Hindustan Zinc’s total income declined 18.23% to Rs 1853.04 crore in Q1 June 2008 over Q1 June 2007.
Hindustan Zinc’s activities comprise mining and smelting of zinc and lead. The products include zinc ingots, lead ingots, silver, sulphuric acid, cadmium ingots, copper cathode and others.
Diamond Cables wins New order
Diamond Cables fell 4.37% to Rs 335 at 15:22 IST on BSE even as it bagged an order to supply transformers, cables, conductors and other electrical products aggregating $37 million to one of the leading power utilities in Africa.
The company announced this during trading hours today, 24 July 2008.
The stock hit a high of Rs 348 and a low of Rs 330 so far during the day. The stock had a 52-week high of Rs 599.20 on 1 January 2008 and a 52-week low of Rs 250.20 on 30 July 2007.
The company has an equity capital of Rs 17.57 crore. Face value per share is Rs 10.
The current price of Rs 335 discounts its Q4 March 2008 annualised EPS of Rs 42.78, by a PE multiple of 7.83.
The order which is to be executed over a period of 2 years includes supply of 2450 transformers and various other products.
Diamond Cables net profit rose 112.1% to Rs 18.79 crore on 158% rise in sales to Rs 188.01 crore in Q4 March 2008 over Q4 March 2007.
Diamond Cables manufactures wire products such as cables, conductors and wire rods.
The company announced this during trading hours today, 24 July 2008.
The stock hit a high of Rs 348 and a low of Rs 330 so far during the day. The stock had a 52-week high of Rs 599.20 on 1 January 2008 and a 52-week low of Rs 250.20 on 30 July 2007.
The company has an equity capital of Rs 17.57 crore. Face value per share is Rs 10.
The current price of Rs 335 discounts its Q4 March 2008 annualised EPS of Rs 42.78, by a PE multiple of 7.83.
The order which is to be executed over a period of 2 years includes supply of 2450 transformers and various other products.
Diamond Cables net profit rose 112.1% to Rs 18.79 crore on 158% rise in sales to Rs 188.01 crore in Q4 March 2008 over Q4 March 2007.
Diamond Cables manufactures wire products such as cables, conductors and wire rods.
ACC skids on poor Q2 outcome
ACC fell 3.57% to Rs 570 at 14:56 IST on BSE on reporting 21.51% slide in net profit to Rs 271.42 crore on 2.21% decline in total income to Rs 1,869.03 crore in Q2 June 2008 over Q2 June 2007.
The company announced the result during trading hours today, 24 July 2008.
The stock hit a high of Rs 599 and a low of Rs 565.40 so far during the day. The stock had a 52-week high of Rs 1,314.85 on 16 October 2007 and a 52-week low of Rs 462 on 4 July 2008.
The company has an equity capital of Rs 187.65 crore. Face value per share is Rs 10. The current price of Rs 570 discounts its Q1 March 2008 annualised EPS of Rs 76.14, by a PE multiple of 7.48.
ACC manufactures ordinary portland cement, fly ash and slag-based cement.
The company announced the result during trading hours today, 24 July 2008.
The stock hit a high of Rs 599 and a low of Rs 565.40 so far during the day. The stock had a 52-week high of Rs 1,314.85 on 16 October 2007 and a 52-week low of Rs 462 on 4 July 2008.
The company has an equity capital of Rs 187.65 crore. Face value per share is Rs 10. The current price of Rs 570 discounts its Q1 March 2008 annualised EPS of Rs 76.14, by a PE multiple of 7.48.
ACC manufactures ordinary portland cement, fly ash and slag-based cement.
Sobha Developers builds on good earnings, rights issue plan
Sobha Developers surged 3.77% to Rs 264.45 at 14:21 IST on BSE after posting 23.77% rise in net profit to Rs 50.5 crore on 29.53% increase in total income to Rs 348.80 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 275 and a low of Rs 259.90 so far during the day. The stock had a 52-week high of Rs 1060 on 16 October 2007 and a 52-week low of Rs 225.05 on 16 July 2008.
The company has an equity capital of Rs 72.90 crore. Face value per share is Rs 10.
The current price of Rs 264.45 discounts its Q4 March 2008 annualised EPS of Rs 38.52, by a PE multiple of 6.87.
At the time of announcing Q1 June 2008 results today, Sobha Developers said its board has approved issuing shares on a rights basis to the existing shareholders. The rights issue size is pegged at Rs 350 crore
On 7 July 2008, a Dubai based firm acquired 40% stake in Sobha Developers' residential township project at Hosahalli, Bangalore.
Sobha Developers is engaged in developing and construction properties and projects. The properties include commercial, residential and office properties.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 275 and a low of Rs 259.90 so far during the day. The stock had a 52-week high of Rs 1060 on 16 October 2007 and a 52-week low of Rs 225.05 on 16 July 2008.
The company has an equity capital of Rs 72.90 crore. Face value per share is Rs 10.
The current price of Rs 264.45 discounts its Q4 March 2008 annualised EPS of Rs 38.52, by a PE multiple of 6.87.
At the time of announcing Q1 June 2008 results today, Sobha Developers said its board has approved issuing shares on a rights basis to the existing shareholders. The rights issue size is pegged at Rs 350 crore
On 7 July 2008, a Dubai based firm acquired 40% stake in Sobha Developers' residential township project at Hosahalli, Bangalore.
Sobha Developers is engaged in developing and construction properties and projects. The properties include commercial, residential and office properties.
United Phosphorous jumps on liberal bonus issue
United Phosphorous rose 2.9% to Rs 319.80 at 14:06 IST on BSE on robust Q1 result and 1:1 bonus issue
The company announced the result and bonus issue during trading hours today, 24 July 2008.
The stock hit a high of Rs 348 and a low of Rs 313 so far during the day. The stock had a 52-week high of Rs 425 on 10 January 2008 and a 52-week low of Rs 228 on 19 March 2008.
The company has an equity capital of Rs 43.93 crore. Face value per share is Rs 2.
The current price of Rs 319.80 discounts its Q4 March 2008 annualised EPS of Rs 10.84, by a PE multiple of 29.5.
The company reported 57.9% rise in net profit to Rs 46.63 crore on 54.26% rise in total income to Rs 553.67 crore in Q1 June 2008 over Q1 June 2007.
The board of the company also approved a bonus issue in the ratio of one equity share of the company of Rs 2 each for every share held.
United Phosphorous is the largest Indian agrochemical player and among the top five generic players globally in this industry. It is engaged in research, manufacture and distribution of agrochemicals and specialty chemicals across the globe.
The company announced the result and bonus issue during trading hours today, 24 July 2008.
The stock hit a high of Rs 348 and a low of Rs 313 so far during the day. The stock had a 52-week high of Rs 425 on 10 January 2008 and a 52-week low of Rs 228 on 19 March 2008.
The company has an equity capital of Rs 43.93 crore. Face value per share is Rs 2.
The current price of Rs 319.80 discounts its Q4 March 2008 annualised EPS of Rs 10.84, by a PE multiple of 29.5.
The company reported 57.9% rise in net profit to Rs 46.63 crore on 54.26% rise in total income to Rs 553.67 crore in Q1 June 2008 over Q1 June 2007.
The board of the company also approved a bonus issue in the ratio of one equity share of the company of Rs 2 each for every share held.
United Phosphorous is the largest Indian agrochemical player and among the top five generic players globally in this industry. It is engaged in research, manufacture and distribution of agrochemicals and specialty chemicals across the globe.
Cummins India gains on good Q1 numbers
Cummins India surged 3.34% to Rs 286.50 at 13:45 IST on BSE on reporting 37.83% surge in net profit to Rs 88.24 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 296.70 and a low of Rs 259 so far during the day. The stock had a 52-week high of Rs 462.80 on 27 September 2007 and a 52-week low of Rs 225 on 30 June 2008.
The company has an equity capital of Rs 39.60 crore. Face value per share is Rs 2.
The current price of Rs 286.50 discounts its Q4 March 2008 annualised EPS of Rs 15.27, by a PE multiple of 18.76.
Cummins India’s total income rose 31.69% to Rs 744.70 crore in Q1 June 2008 over Q1 June 2007.
Cummins India is engaged in manufacturing and selling internal combustion engines, diesel generating sets and special purpose machines. The products of the engine business segment are used for various applications such as power generation, construction, compressor, mining, marine, locomotive and fire fighting.
The company announced the results during trading hours today, 24 July 2008.
The stock hit a high of Rs 296.70 and a low of Rs 259 so far during the day. The stock had a 52-week high of Rs 462.80 on 27 September 2007 and a 52-week low of Rs 225 on 30 June 2008.
The company has an equity capital of Rs 39.60 crore. Face value per share is Rs 2.
The current price of Rs 286.50 discounts its Q4 March 2008 annualised EPS of Rs 15.27, by a PE multiple of 18.76.
Cummins India’s total income rose 31.69% to Rs 744.70 crore in Q1 June 2008 over Q1 June 2007.
Cummins India is engaged in manufacturing and selling internal combustion engines, diesel generating sets and special purpose machines. The products of the engine business segment are used for various applications such as power generation, construction, compressor, mining, marine, locomotive and fire fighting.
Zee Entertainment robust Q1 earnings
Zee Entertainment Enterprises surged 4% to Rs 218.15 at 11:31 IST on BSE on reporting 104.2% surge in net profit to Rs 130.97 crore on 48.5% increase in net sales to Rs 333.32 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours on Wednesday, 23 July 2008.
The stock hit a high of Rs 232.90 and a low of Rs 214 so far during the day. The stock had a 52-week high of Rs 362.80 on 12 October 2007 and a 52-week low of Rs 169 on 22 January 2008.
The company has an equity capital of Rs 43.40 crore. Face value per share is Rs 1.
The current price of Rs 218.15 discounts its Q1 June 2008 annualised EPS of Rs 12.07, by a PE multiple of 18.07.
On consolidated basis, Zee Entertainment Enterprises reported 97.75% rise in net profit to Rs 160.71 crore on 38% increase in total income to Rs 569.76 crore in Q1 June 2008 over Q1 June 2007.
The company’s board will meet on 30 July 2008 to consider buyback of equity shares.
Zee Entertainment's principal activities are to produce content, distribute TV channels and provide educational services.
The company announced the results after trading hours on Wednesday, 23 July 2008.
The stock hit a high of Rs 232.90 and a low of Rs 214 so far during the day. The stock had a 52-week high of Rs 362.80 on 12 October 2007 and a 52-week low of Rs 169 on 22 January 2008.
The company has an equity capital of Rs 43.40 crore. Face value per share is Rs 1.
The current price of Rs 218.15 discounts its Q1 June 2008 annualised EPS of Rs 12.07, by a PE multiple of 18.07.
On consolidated basis, Zee Entertainment Enterprises reported 97.75% rise in net profit to Rs 160.71 crore on 38% increase in total income to Rs 569.76 crore in Q1 June 2008 over Q1 June 2007.
The company’s board will meet on 30 July 2008 to consider buyback of equity shares.
Zee Entertainment's principal activities are to produce content, distribute TV channels and provide educational services.
Bliss GVS Pharma spurts on bonus proposal
Bliss GVS Pharma was locked at 20% upper limit at Rs 46.25 at 11:08 IST on BSE after the company said its board will meet on 29 July 2008 to consider issue of bonus shares.
The company made this announcement after trading hours yesterday, 23 July 2008.
The stock hit a high of Rs 46.25 and a low of Rs 44.90 so far during the day. The stock had a 52-week high of Rs 78.59 on 18 January 2008 and a 52-week low of Rs 15.30 on 27 July 2007.
The company has an equity capital of Rs 6.45 crore. Face value per share is Rs 1.
The current price of Rs 46.25 discounts its Q4 March 2008 annualised EPS of Rs 5.18, by a PE multiple of 8.93.
Bliss GVS Pharma’s net profit rose 476.6% to Rs 8.36 crore on 89% increase in net sales to Rs 37.14 crore in Q4 March 2008 over Q4 March 2007.
The company operates in two segments, healthcare products and pharma products.
The company made this announcement after trading hours yesterday, 23 July 2008.
The stock hit a high of Rs 46.25 and a low of Rs 44.90 so far during the day. The stock had a 52-week high of Rs 78.59 on 18 January 2008 and a 52-week low of Rs 15.30 on 27 July 2007.
The company has an equity capital of Rs 6.45 crore. Face value per share is Rs 1.
The current price of Rs 46.25 discounts its Q4 March 2008 annualised EPS of Rs 5.18, by a PE multiple of 8.93.
Bliss GVS Pharma’s net profit rose 476.6% to Rs 8.36 crore on 89% increase in net sales to Rs 37.14 crore in Q4 March 2008 over Q4 March 2007.
The company operates in two segments, healthcare products and pharma products.
HDIL setting record date for bonus issue
Housing Development & Infrastructure rose 0.87% to Rs 517.50 at 10:48 IST on BSE after the company fixed 22 August 2008 as the record date for issue of bonus shares in the ratio of 2:7.
The company announced the record date after trading hours on
The stock hit a high of Rs 529.70 and a low of Rs 509.10 so far during the day. The stock had a 52-week high of Rs 1432 on
The company has an equity capital of Rs 214.27 crore. Face value per share is Rs 10.
The current price of Rs 517.50 discounts its Q1 June 2008 annualised EPS of Rs 59.35, by a
PE multiple of 8.72.
Earlier this year, Housing Development & Infrastructure (HDIL) bagged a slum rehabilitation project from the
HDIL’s net profit rose 56.9% to Rs 317.93 crore on 28.6% increase in net sales to Rs 570.08 crore in Q1 June 2008 over Q1 June 2007.
A Wadhawan group realty firm, Housing Development and Infrastructure (HDIL) has significant operations in the Mumbai metropolitan region.
Bharti Airtel rings on good Q1 numbers
Bharti Airtel gained 2.70% to Rs 838 at 10:25 IST on BSE on reporting 44.86% surge in net profit to Rs 2046.79 crore on 39.73% increase in revenue to Rs 7952.32 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results before trading hours today, 24 July 2008.
The stock hit a high of Rs 861 and a low of Rs 834.30 so far during the day. The stock had a 52-week high of Rs 1149 on 10 October 2007 and a 52-week low of Rs 688 on 1 July 2008.
The company has an equity capital of Rs 1898.02 crore. Face value per share is Rs 10.
The current price of Rs 838 discounts its Q4 March 2008 annualised EPS of Rs 37.77, by a
PE multiple of 22.19.
As per Indian Generally Accepted Accounting Principles (IGAAP), Bharti Airtel reported a 52.13% surge in consolidated net profit to Rs 2166.68 crore on 43.82% increase in total income to Rs 8567.58 crore in Q1 June 2008 over Q1 June 2007.
As per United States Generally Accepted Accounting Principles (US GAAP), the company’s net profit rose 33.96% to Rs 2025 crore on 43.67% growth in total revenue to Rs 8483.3 crore in Q1 June 2008 over Q1 June 2007.
In May 2008, Bharti Airtel called off talks with the South African telecom major, MTN, to explore the possibility of a merger between the two emerging markets telecom giants.
Bharti Airtel provides mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
The company announced the results before trading hours today, 24 July 2008.
The stock hit a high of Rs 861 and a low of Rs 834.30 so far during the day. The stock had a 52-week high of Rs 1149 on 10 October 2007 and a 52-week low of Rs 688 on 1 July 2008.
The company has an equity capital of Rs 1898.02 crore. Face value per share is Rs 10.
The current price of Rs 838 discounts its Q4 March 2008 annualised EPS of Rs 37.77, by a
PE multiple of 22.19.
As per Indian Generally Accepted Accounting Principles (IGAAP), Bharti Airtel reported a 52.13% surge in consolidated net profit to Rs 2166.68 crore on 43.82% increase in total income to Rs 8567.58 crore in Q1 June 2008 over Q1 June 2007.
As per United States Generally Accepted Accounting Principles (US GAAP), the company’s net profit rose 33.96% to Rs 2025 crore on 43.67% growth in total revenue to Rs 8483.3 crore in Q1 June 2008 over Q1 June 2007.
In May 2008, Bharti Airtel called off talks with the South African telecom major, MTN, to explore the possibility of a merger between the two emerging markets telecom giants.
Bharti Airtel provides mobile telecommunication services in India. It also provides fixed-line, VSAT, Internet and broadband services.
MMTC gains on strong quarterly earnings
MMTC surged 5% to Rs 25,523.55 at 9:55 IST on BSE on reporting 38.1% surge in net profit to Rs 53.76 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday,
The stock hit a high of Rs 25,523.55 and a low of Rs 25,523.55 so far during the day. The stock had a 52-week high of Rs 56,931.50 on
The company has an equity capital of Rs 50 crore. Face value per share is Rs 10.
The current price of Rs 25,523.55 discounts its Q1 June 2008 annualised EPS of Rs 43.01, by a
PE multiple of 593.43.
The company’s net sales rose 60.8% to Rs 9777.78 crore in Q1 June 2008 over Q1 June 2007.
The state-owned MMTC (formerly Minerals and Metals Trading Corporation of
Post-Market Commentary Thursday, July 24, 2008
Market drifts lower on profit taking; rupee rise hits IT stocks
The market slipped today as investors booked profits after a sharp run-up in stocks for five straight sessions. Weak European market also weighed on the sentiments. Caution also prevailed ahead of inflation figures to be announced after the market hours today.
Selling was broad based. However, severity of fall was more on IT sector stocks as the rupee hit its highest in more than two months. Oil & gas stock bucked the weak market trend as crude oil prices slipped further.
BSE Sensex lost 165.27 points or 1.11% at 14,777.01.
S&P CNX Nifty fell 43.25 points or 0.97% at 4433.55.
The market had surged in the last five days. Sensex had risen 2366.48 points or 18.81% in five trading sessions to 14,942.28 on Wednesday, 23 July 2008, from a low of 12,575.80 on 16 July 2008.
The market slipped today as investors booked profits after a sharp run-up in stocks for five straight sessions. Weak European market also weighed on the sentiments. Caution also prevailed ahead of inflation figures to be announced after the market hours today.
Selling was broad based. However, severity of fall was more on IT sector stocks as the rupee hit its highest in more than two months. Oil & gas stock bucked the weak market trend as crude oil prices slipped further.
BSE Sensex lost 165.27 points or 1.11% at 14,777.01.
S&P CNX Nifty fell 43.25 points or 0.97% at 4433.55.
The market had surged in the last five days. Sensex had risen 2366.48 points or 18.81% in five trading sessions to 14,942.28 on Wednesday, 23 July 2008, from a low of 12,575.80 on 16 July 2008.
Wednesday, July 23, 2008
Strides Arcolab signed an in-licensing deal with GSK Pharma
Strides Arcolab gained 17.51% to Rs 172.80 at 14:06 IST on BSE after the company said its joint venture firm Onco Therapies has signed an in-licensing deal with multinational corporation GlaxoSmithKline.
The company made this announcement during trading hours today, 23 July 2008.
The stock hit a high of Rs 179.80 and a low of Rs 144 so far during the day. The stock had a 52-week high of Rs 328 on 12 December 2007 and a 52-week low of Rs 112 on 4 July 2008.
The company has an equity capital of Rs 40.05 crore. Face value per share is Rs 10.
The current price of Rs 172.80 discounts its Q4 March 2008 annualised EPS of Rs 60.32, by a PE multiple of 2.39.
Onco Therapies (OTL) is a joint venture (JV) firm between Strides Arcolab and Aspen Pharmacare Holdings of South Africa.
Aspen Pharmacare Holdings is engaged in manufacturing and marketing the branded and generic pharmaceutical, healthcare and nutritional products to southern Africa and selected international markets.
As per the agreement, OTL will license intellectual property and supply finished dosage form pharmaceuticals to GlaxoSmithKline (GSK). OTL will recover the intellectual property development cost from GSK in addition to sharing profits.
Strides Arcolab reported a loss of Rs 55.96 crore in Q2 June 2008 as against net profit of Rs 10.18 crore in Q2 June 2007. Net sales rose 52.8% to Rs 160.78 crore in Q2 June 2008 over Q2 June 2007. The results were announced after trading hours yesterday, 22 July 2008.
In June 2008, the company received abbreviated new drug application approval for its Famotidine injection in multiple strengths.
On 26 May 2008, Strides Arcolab received abbreviated new drug application approval for Rifampicin injection USP 600 milligram/vial.
The company manufactures ethical pharmaceutical products, over the counter (OTC) products and nutraceuticals. It performs its activities through two segments, pharma and contract research and manufacturing (CRAM).
The company made this announcement during trading hours today, 23 July 2008.
The stock hit a high of Rs 179.80 and a low of Rs 144 so far during the day. The stock had a 52-week high of Rs 328 on 12 December 2007 and a 52-week low of Rs 112 on 4 July 2008.
The company has an equity capital of Rs 40.05 crore. Face value per share is Rs 10.
The current price of Rs 172.80 discounts its Q4 March 2008 annualised EPS of Rs 60.32, by a PE multiple of 2.39.
Onco Therapies (OTL) is a joint venture (JV) firm between Strides Arcolab and Aspen Pharmacare Holdings of South Africa.
Aspen Pharmacare Holdings is engaged in manufacturing and marketing the branded and generic pharmaceutical, healthcare and nutritional products to southern Africa and selected international markets.
As per the agreement, OTL will license intellectual property and supply finished dosage form pharmaceuticals to GlaxoSmithKline (GSK). OTL will recover the intellectual property development cost from GSK in addition to sharing profits.
Strides Arcolab reported a loss of Rs 55.96 crore in Q2 June 2008 as against net profit of Rs 10.18 crore in Q2 June 2007. Net sales rose 52.8% to Rs 160.78 crore in Q2 June 2008 over Q2 June 2007. The results were announced after trading hours yesterday, 22 July 2008.
In June 2008, the company received abbreviated new drug application approval for its Famotidine injection in multiple strengths.
On 26 May 2008, Strides Arcolab received abbreviated new drug application approval for Rifampicin injection USP 600 milligram/vial.
The company manufactures ethical pharmaceutical products, over the counter (OTC) products and nutraceuticals. It performs its activities through two segments, pharma and contract research and manufacturing (CRAM).
Valecha Engineering wins New order
Valecha Engineering surged 12.07% to Rs 144.35 at 12:55 IST on BSE after the company said it has bagged additional orders worth Rs 133 crore for laying roads and building bridges in Pune and Delhi.
The company made this announcement during trading hours today, 23 July 2008.
The stock hit a high of Rs 147 and a low of Rs 133.15 so far during the day. The stock had a 52-week high of Rs 358 on 4 January 2008 and a 52-week low of Rs 118.80 on 1 July 2008.
The company has an equity capital of Rs 11.95 crore. Face value per share is Rs 10.
The current price of Rs 144.35 discounts its Q4 March 2008 annualised EPS of Rs 60.32, by a PE multiple of 2.39.
Earlier this month, the company announced that its board would meet on 30 July 2008 to consider issue of bonus shares.
In March 2008, Valecha Engineering bagged new projects worth Rs 250 crore, which includes road works at Pune, Delhi airport express line work and piling projects.
Valecha Engineering’s net profit surged 1616.2% to Rs 18.02 crore on 141.1% increase in net sales to Rs 195.10 crore in Q4 March 2008 over Q4 March 2007.
The Rs 250 crore company is primarily a player in the road construction business, from which it derives 70% of its revenues. Its road projects are present across many states in the country.
The company made this announcement during trading hours today, 23 July 2008.
The stock hit a high of Rs 147 and a low of Rs 133.15 so far during the day. The stock had a 52-week high of Rs 358 on 4 January 2008 and a 52-week low of Rs 118.80 on 1 July 2008.
The company has an equity capital of Rs 11.95 crore. Face value per share is Rs 10.
The current price of Rs 144.35 discounts its Q4 March 2008 annualised EPS of Rs 60.32, by a PE multiple of 2.39.
Earlier this month, the company announced that its board would meet on 30 July 2008 to consider issue of bonus shares.
In March 2008, Valecha Engineering bagged new projects worth Rs 250 crore, which includes road works at Pune, Delhi airport express line work and piling projects.
Valecha Engineering’s net profit surged 1616.2% to Rs 18.02 crore on 141.1% increase in net sales to Rs 195.10 crore in Q4 March 2008 over Q4 March 2007.
The Rs 250 crore company is primarily a player in the road construction business, from which it derives 70% of its revenues. Its road projects are present across many states in the country.
J Kumar Infraprojects builds on new orders
J Kumar Infraprojects was locked at 20% upper limit at Rs 100.95 at 12:30 IST on BSE after the company said it has bagged two different orders aggregating Rs 53 crore from two different clients.
The company made this announcement during trading hours today, 23 July 2008.
The stock hit a high of Rs 100.95 and a low of Rs 87 so far during the day. The stock had a 52-week high of Rs 131.45 on 22 May 2008 and a 52-week low of Rs 70.55 on 4 July 2008.
The company has an equity capital of Rs 20.72 crore. Face value per share is Rs 10.
The current price of Rs 100.95 discounts its Q4 March 2008 annualised EPS of Rs 20.48, by a PE multiple of 4.93.
With these latest orders, the company’s order book position stands at Rs 703.96 crore.
J Kumar Infraprojects reported a net profit of Rs 10.61 crore on net sales of Rs 99.28 crore in Q4 March 2008. The figures of the previous corresponding year period were not available.
J Kumar Infraprojects is a civil engineering and infrastructure development company with primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport contracts.
The company made this announcement during trading hours today, 23 July 2008.
The stock hit a high of Rs 100.95 and a low of Rs 87 so far during the day. The stock had a 52-week high of Rs 131.45 on 22 May 2008 and a 52-week low of Rs 70.55 on 4 July 2008.
The company has an equity capital of Rs 20.72 crore. Face value per share is Rs 10.
The current price of Rs 100.95 discounts its Q4 March 2008 annualised EPS of Rs 20.48, by a PE multiple of 4.93.
With these latest orders, the company’s order book position stands at Rs 703.96 crore.
J Kumar Infraprojects reported a net profit of Rs 10.61 crore on net sales of Rs 99.28 crore in Q4 March 2008. The figures of the previous corresponding year period were not available.
J Kumar Infraprojects is a civil engineering and infrastructure development company with primary focus on development of roads, flyovers, bridges, railway over bridges, irrigation projects, commercial and residential buildings, railway buildings, sports complexes and airport contracts.
Grindwell Norton surges on decent Q2 results
Grindwell Norton rose 4.31% to Rs 98 at 11:34 IST on BSE on reporting 17.6% rise in net profit to Rs 14.70 crore in Q2 June 2008 over Q2 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 99 and a low of Rs 97 so far during the day. The stock had a 52-week high of Rs 197.50 on 4 December 2007 and a 52-week low of Rs 93 on 4 July 2008.
The company has an equity capital of Rs 27.68 crore. Face value per share is Rs 5.
The current price of Rs 98 discounts its Q2 June 2008 annualised EPS of Rs 10.62, by a PE multiple of 9.23.
Grindwell Norton’s net sales rose 21.9% to Rs 130.81 crore in Q2 June 2008 over Q2 June 2007.
The company is engaged in manufacturing and marketing abrasives, ceramics and plastics products.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 99 and a low of Rs 97 so far during the day. The stock had a 52-week high of Rs 197.50 on 4 December 2007 and a 52-week low of Rs 93 on 4 July 2008.
The company has an equity capital of Rs 27.68 crore. Face value per share is Rs 5.
The current price of Rs 98 discounts its Q2 June 2008 annualised EPS of Rs 10.62, by a PE multiple of 9.23.
Grindwell Norton’s net sales rose 21.9% to Rs 130.81 crore in Q2 June 2008 over Q2 June 2007.
The company is engaged in manufacturing and marketing abrasives, ceramics and plastics products.
Asian Paints shines on strong Q1 earnings
Asian Paints gained 3.54% to Rs 1107 at 11:10 IST on BSE after posting 32% rise in net profit to Rs 98 crore on 34.5% growth in net sales to Rs 995.24 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 1140 and a low of Rs 1090 so far during the day. The stock had a 52-week high of Rs 1319.95 on 31 November 2008 and a 52-week low of Rs 808.70 on 26 July 2007.
The company has an equity capital of Rs 95.92 crore. Face value per share is Rs 10.
The current price of Rs 1107 discounts its Q1 June 2008 annualised EPS of Rs 40.87, by a PE multiple of 27.09.
On consolidated basis, the company’s net profit rose 29.64% to Rs 106.21 crore on 29.17% increase in total income to Rs 1252.27 crore in Q1 June 2008 over Q1 June 2007.
On 24 June 2008, Asian Paints said it had set up a greenfield manufacturing facility worth Rs 400 crore at Rohtak in Haryana. The plant's initial capacity will to manufacture 1.5 lakh kilolitres of paint, which can be scaled up to 4.5 lakh litres. The production is expected to start in early part of the 2010.
The company manufactures and markets paints. The group also manufactures phthalic anhydride and pentaerythritol. The group operates in Australia, Fiji, Solomon Islands, Tonga, Vanuatu, Myanmar, China, Thailand, Malaysia, Singapore, Bangladesh, Nepal, Srilanka, Bahrain, the UAE, Oman, Barbados, Jamaica, Trinidad, Tobago, Egypt, Mauritius and Malta.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 1140 and a low of Rs 1090 so far during the day. The stock had a 52-week high of Rs 1319.95 on 31 November 2008 and a 52-week low of Rs 808.70 on 26 July 2007.
The company has an equity capital of Rs 95.92 crore. Face value per share is Rs 10.
The current price of Rs 1107 discounts its Q1 June 2008 annualised EPS of Rs 40.87, by a PE multiple of 27.09.
On consolidated basis, the company’s net profit rose 29.64% to Rs 106.21 crore on 29.17% increase in total income to Rs 1252.27 crore in Q1 June 2008 over Q1 June 2007.
On 24 June 2008, Asian Paints said it had set up a greenfield manufacturing facility worth Rs 400 crore at Rohtak in Haryana. The plant's initial capacity will to manufacture 1.5 lakh kilolitres of paint, which can be scaled up to 4.5 lakh litres. The production is expected to start in early part of the 2010.
The company manufactures and markets paints. The group also manufactures phthalic anhydride and pentaerythritol. The group operates in Australia, Fiji, Solomon Islands, Tonga, Vanuatu, Myanmar, China, Thailand, Malaysia, Singapore, Bangladesh, Nepal, Srilanka, Bahrain, the UAE, Oman, Barbados, Jamaica, Trinidad, Tobago, Egypt, Mauritius and Malta.
Hopes of fructification of nuclear deal boosts some stocks
Shares of firms which are potential beneficiaries of the Indo-US nuclear deal surged after the Indian government last night won parliamentary vote of confidence, clearing the way for the landmark civilian nuclear deal with the US..
Gammon India (up 11.9% to Rs 235.50), Reliance Infraqstructure (up 8.67% to Rs 999), Bharat Heavy Electricals (up 8.23% to Rs 1,729), Hindustan Construction Company (up 8.61% to Rs 97.75), Alstom Projects India (up 7.7% to Rs 454.05), Crompton Greaves (up 6.25% to Rs 248.05), Tata Power Company (up 5.53% to Rs 1,170), Rolta India (up 5.01% to Rs 291.50), Walchandnagar Industries (up 5% to Rs 275.30), Areva T&D India (up 4.75% to Rs 1694), Larsen & Toubro (up 4.13% to Rs 2,679), National Thermal Power Corporation (up 4% to Rs 192.40), ABB (up 4.66% to Rs 928), surged.
The nuclear deal will give India access to US nuclear fuel and technology without joining the 1970 Nuclear Non-Proliferation Treaty. It is potentially worth billions of dollars to US and European nuclear supplier companies and would give India more energy alternatives to drive its booming economy.
The deal has to be approved by the International Atomic Energy Agency and the 45-nation Nuclear Suppliers Group, which monitors sales of nuclear technology. Most big powers have backed the deal. The news of the Indian government winning the trust vote was welcomed by the White House. US officials had been openly saying that time was running out for the deal. The US Congress also has to vote on the accord, which US President George W Bush had hailed as one of his major policy achievements.
As far as Larsen & Toubro is concerned the company has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba
Gammon India (up 11.9% to Rs 235.50), Reliance Infraqstructure (up 8.67% to Rs 999), Bharat Heavy Electricals (up 8.23% to Rs 1,729), Hindustan Construction Company (up 8.61% to Rs 97.75), Alstom Projects India (up 7.7% to Rs 454.05), Crompton Greaves (up 6.25% to Rs 248.05), Tata Power Company (up 5.53% to Rs 1,170), Rolta India (up 5.01% to Rs 291.50), Walchandnagar Industries (up 5% to Rs 275.30), Areva T&D India (up 4.75% to Rs 1694), Larsen & Toubro (up 4.13% to Rs 2,679), National Thermal Power Corporation (up 4% to Rs 192.40), ABB (up 4.66% to Rs 928), surged.
The nuclear deal will give India access to US nuclear fuel and technology without joining the 1970 Nuclear Non-Proliferation Treaty. It is potentially worth billions of dollars to US and European nuclear supplier companies and would give India more energy alternatives to drive its booming economy.
The deal has to be approved by the International Atomic Energy Agency and the 45-nation Nuclear Suppliers Group, which monitors sales of nuclear technology. Most big powers have backed the deal. The news of the Indian government winning the trust vote was welcomed by the White House. US officials had been openly saying that time was running out for the deal. The US Congress also has to vote on the accord, which US President George W Bush had hailed as one of his major policy achievements.
As far as Larsen & Toubro is concerned the company has done engineering, procurement and construction projects for nuke power plants. It is currently working on the 2,000 megawatt Kudankulam nuclear project.
Bharat Heavy Electricals supplies up to 500 megawatt of equipment to Nuclear Power Corporation. It has an existing tie-up with Siemens for nuclear technology.
National Thermal Power Corporation is reportedly in talks with Nuclear Power Corporation of India for setting up a 2000 megawatt nuclear plant.
Areva T&D is reportedly looking at a plant for uranium mining and recycling. The plant would be set up after nod from Nuclear Power Corporation.
Alstom Projects India already makes nuclear reactors and rotors. Its parent company is a world leader in conventional nuclear projects. It makes turbines for nuclear power stations.
Rolta India along with its joint venture Stone and Webster provides reactor-building technology. Stone & Webster’s parent has 20% in Westinghouse Electric, a nuclear reactor maker.
Gammon India has undertaken turnkey construction for nuclear projects.
Hindustan Construction Company has constructed four nuclear power projects in India. It is an engineering procurement and construction contractor for nuclear projects.
ABB makes components for power projects. Its parent company’s exposure includes new nuclear power plants, systems and components.
Crompton Greaves works with Nuclear Power Corporation of India. It has completed a switchyard for nuclear project.
Walchandnagar Industries makes critical equipment for India’s nuclear power facilities.
Reliance Energy reportedly plans to invest additional Rs 12,000 crore in nuclear power capacity. It plans to install 2000 megawatt of nuclear power capacity.
Tata Power Company has tied up with some major nuclear equipment suppliers like Areva. It already has a relationship with Toshiba
Siemens Strong Q3 show,good order intake
Siemens surged 6.20% to Rs 530 at 10:35 IST on BSE on reporting 107.2% surge in net profit to Rs 169.43 crore on 1.5% rise in net sales to Rs 1809.68 crore in Q3 June 2008 over Q3 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 550 and a low of Rs 515 so far during the day. The stock had a 52-week high of Rs 1125 on 25 November 2007 and a 52-week low of Rs 363 on 1 July 2008.
The company has an equity capital of Rs 67.44 crore. Face value per share is Rs 2.
The current price of Rs 530 discounts its Q3 June 2008 annualised EPS of Rs 20.10, by a PE multiple of 26.37.
At the time of announcement of Q3 June 2008 results, Siemens said it procured new orders worth Rs 2078 crore in Q3 June 2008, up 18% from a year ago. The main contributors to the new order intake were industrial solutions and services, automation and drives businesses, it added. The company's outstanding order book at the end of the June 2008 quarter stood at Rs 9850 crore.
Siemens manufactures and distributes switchgear items, electric motors and generators, switchboards, control boards, control systems and protection systems.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 550 and a low of Rs 515 so far during the day. The stock had a 52-week high of Rs 1125 on 25 November 2007 and a 52-week low of Rs 363 on 1 July 2008.
The company has an equity capital of Rs 67.44 crore. Face value per share is Rs 2.
The current price of Rs 530 discounts its Q3 June 2008 annualised EPS of Rs 20.10, by a PE multiple of 26.37.
At the time of announcement of Q3 June 2008 results, Siemens said it procured new orders worth Rs 2078 crore in Q3 June 2008, up 18% from a year ago. The main contributors to the new order intake were industrial solutions and services, automation and drives businesses, it added. The company's outstanding order book at the end of the June 2008 quarter stood at Rs 9850 crore.
Siemens manufactures and distributes switchgear items, electric motors and generators, switchboards, control boards, control systems and protection systems.
Sesa Goa strikes on strong quarterly earnings
Sesa Goa advanced 7.49% to Rs 3094 at 10:13 IST on BSE after posting 442.42% rise in net profit to Rs 644.72 crore on 182.34% increase in total income to Rs 1310.93 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 3145 and a low of Rs 2961.55 so far during the day. The stock had a 52-week high of Rs 4390 on 5 May 2008 and a 52-week low of Rs 1686.10 on 17 August 2007.
The company has an equity capital of Rs 39.36 crore. Face value per share is Rs 10.
The current price of Rs 3094 discounts its Q4 March 2008 annualised EPS of Rs 811.28, by a PE multiple of 3.81.
On consolidated basis, Sesa Goa’s net profit rose 382.05% to Rs 633.07 crore on 153.86% increase in total income to Rs 1341.16 crore in Q1 June 2008 over Q1 June 2007.
On 3 July 2008, the company announced 18 August 2008 as the record date for a 10-for-1 stock split and liberal bonus issue in the ratio of 1:1.
Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports besides. It is also into the manufacture of pig iron and metallurgical coke.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 3145 and a low of Rs 2961.55 so far during the day. The stock had a 52-week high of Rs 4390 on 5 May 2008 and a 52-week low of Rs 1686.10 on 17 August 2007.
The company has an equity capital of Rs 39.36 crore. Face value per share is Rs 10.
The current price of Rs 3094 discounts its Q4 March 2008 annualised EPS of Rs 811.28, by a PE multiple of 3.81.
On consolidated basis, Sesa Goa’s net profit rose 382.05% to Rs 633.07 crore on 153.86% increase in total income to Rs 1341.16 crore in Q1 June 2008 over Q1 June 2007.
On 3 July 2008, the company announced 18 August 2008 as the record date for a 10-for-1 stock split and liberal bonus issue in the ratio of 1:1.
Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports besides. It is also into the manufacture of pig iron and metallurgical coke.
NOCIL spurts on strong Q1 chemistry
NOCIL jumped 10.59% to Rs 23.50 at 9:55 IST on BSE on reporting 473.4% surge in net profit to Rs 11.64 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 25.50 and a low of Rs 23 so far during the day. The stock had a 52-week high of Rs 67.95 on 4 January 2008 and a 52-week low of Rs 17.55 on 2 July 2008.
The company has an equity capital of Rs 160.79 crore. Face value per share is Rs 10.
The current price of Rs 23.50 discounts its Q1 June 2008 annualised EPS of Rs 2.90, by a PE multiple of 8.10.
The company’s net sales rose 73.9% to Rs 128.39 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures a wide range of petrochemicals like, ethylene, propylene, butadiene, benzene and their derivatives, polymers, rubber, chemicals and plastic products.
The company announced the results after trading hours yesterday, 22 July 2008.
The stock hit a high of Rs 25.50 and a low of Rs 23 so far during the day. The stock had a 52-week high of Rs 67.95 on 4 January 2008 and a 52-week low of Rs 17.55 on 2 July 2008.
The company has an equity capital of Rs 160.79 crore. Face value per share is Rs 10.
The current price of Rs 23.50 discounts its Q1 June 2008 annualised EPS of Rs 2.90, by a PE multiple of 8.10.
The company’s net sales rose 73.9% to Rs 128.39 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures a wide range of petrochemicals like, ethylene, propylene, butadiene, benzene and their derivatives, polymers, rubber, chemicals and plastic products.
Post -Market Commentary - July 23 2008
Market cheers UPA win, Sensex ends 6% up (838 POINTS UP)
Victory of UPA government in trust vote in the parliament on Tuesday revitalised the bulls who bought heavily across the sectors. Interest sensitive sectors like banks and real estate rallied on expectations of reforms in the banking and insurance space while power scrips advanced on prospects of Indo-US nuclear deal.
Bombay Stock Exchange’s Sensex closed at 14959.50, up 855.30 points or 6.06 per cent. It touched a high of 14,979.90 and low of 14,568.22.
National Stock Exchange’s Nifty ended at 4,481 up 5.68 per cent or 241 points up. The borader index touched a high of 4491.55 and low of 4246.70.
BSE Midcap Index gained 5.01 per cent to close at 5613.78 and BSE Smallcap Index ended 4.21 per cent up at 6811.84.
Reliance Communications (12.12%), ICICI Bank (12.04%), HDFC (11.29%), State Bank of India (11.17%) and BHEL (10.86%) fronted the Sensex rally.
Cipla (-2.42%) and Hindustan Unilever (1.42%) were the only losers in the 30-share index.
BSE Bankex ended 10.37 per cent up, BSE Realty Index gained 8.38 per cent and BSE Capital goods Index closed 8.14 per cent higher.
Market breadth was impressive with 2254 advances against 445 declines on BSE while on NSE, there were 1760 gainers and 111 losers.
Victory of UPA government in trust vote in the parliament on Tuesday revitalised the bulls who bought heavily across the sectors. Interest sensitive sectors like banks and real estate rallied on expectations of reforms in the banking and insurance space while power scrips advanced on prospects of Indo-US nuclear deal.
Bombay Stock Exchange’s Sensex closed at 14959.50, up 855.30 points or 6.06 per cent. It touched a high of 14,979.90 and low of 14,568.22.
National Stock Exchange’s Nifty ended at 4,481 up 5.68 per cent or 241 points up. The borader index touched a high of 4491.55 and low of 4246.70.
BSE Midcap Index gained 5.01 per cent to close at 5613.78 and BSE Smallcap Index ended 4.21 per cent up at 6811.84.
Reliance Communications (12.12%), ICICI Bank (12.04%), HDFC (11.29%), State Bank of India (11.17%) and BHEL (10.86%) fronted the Sensex rally.
Cipla (-2.42%) and Hindustan Unilever (1.42%) were the only losers in the 30-share index.
BSE Bankex ended 10.37 per cent up, BSE Realty Index gained 8.38 per cent and BSE Capital goods Index closed 8.14 per cent higher.
Market breadth was impressive with 2254 advances against 445 declines on BSE while on NSE, there were 1760 gainers and 111 losers.
Tuesday, July 22, 2008
NIIT Tech slips on dismal Q1 results
NIIT Technologies declined 0.70% to Rs 107.05 at 15:26 IST on BSE after posting 55.21% fall in net profit to Rs 24.44 crore in Q1 June 2008 over Q4 March 2008.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 113 and a low of Rs 103.85 so far during the day. The stock had a 52-week high of Rs 409 on 18 October 2007 and a 52-week low of Rs 85.05 on 24 March 2008.
The company has an equity capital of Rs 58.73 crore. Face value per share is Rs 10.
The current price of Rs 107.05 discounts its Q4 March 2008 annualised EPS of Rs 37.18, by a PE multiple of 2.88.
NIIT Technologies’ total income fell 17.78% to Rs 129.16 crore in Q1 June 2008 over Q4 March 2008.
In February 2008, the company signed an agreement to buy out Germany's Softec GmbH for an undisclosed amount.
NIIT Technologies services customers in North America, Europe, Asia and Australia and focuses on specific industry verticals, including banking, financial services and insurance, travel & transportation and retail & manufacturing.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 113 and a low of Rs 103.85 so far during the day. The stock had a 52-week high of Rs 409 on 18 October 2007 and a 52-week low of Rs 85.05 on 24 March 2008.
The company has an equity capital of Rs 58.73 crore. Face value per share is Rs 10.
The current price of Rs 107.05 discounts its Q4 March 2008 annualised EPS of Rs 37.18, by a PE multiple of 2.88.
NIIT Technologies’ total income fell 17.78% to Rs 129.16 crore in Q1 June 2008 over Q4 March 2008.
In February 2008, the company signed an agreement to buy out Germany's Softec GmbH for an undisclosed amount.
NIIT Technologies services customers in North America, Europe, Asia and Australia and focuses on specific industry verticals, including banking, financial services and insurance, travel & transportation and retail & manufacturing.
LIC Housing Finance capitalises on diversification buzz
LIC Housing Finance rose 1.55% to Rs 261.35 at 15:08 IST on BSE on reports set to foray into the venture capital arena and intends to start a Rs 500 crore real estate fund by the end of this financial year.
The stock hit a high of Rs 272.60 and a low of Rs 256 so far during the day. The stock had a 52-week high of Rs 402.90 on 11 December 2007 and a 52-week low of Rs 174.50 on 23 August 2007.
The company has an equity capital of Rs 84.99 crore. Face value per share is Rs 10.
The current price of Rs 261.35 discounts its Q1 June 2008 annualised EPS of Rs 49.29, by a PE multiple of 5.3.
Based on the response to the real estate fund, the company will decide on whether it will expand its presence in the venture capital space, reports suggest.
The company’s net profit rose 124.2% to Rs 104.66 crore on 34.7% rise in operating income to Rs 622.02 crore in Q1 June 2008 over Q1 June 2007. The company announced the result yesterday, 21 July 2008.
The company provides long term finance to individuals for purchase/construction/repair and renovation of new/ existing flats/houses. The company also provides finance on existing property for business/personal needs and gives loans to professionals for purchase/construction of clinics/nursing homes/diagnostic centres / office space.
The stock hit a high of Rs 272.60 and a low of Rs 256 so far during the day. The stock had a 52-week high of Rs 402.90 on 11 December 2007 and a 52-week low of Rs 174.50 on 23 August 2007.
The company has an equity capital of Rs 84.99 crore. Face value per share is Rs 10.
The current price of Rs 261.35 discounts its Q1 June 2008 annualised EPS of Rs 49.29, by a PE multiple of 5.3.
Based on the response to the real estate fund, the company will decide on whether it will expand its presence in the venture capital space, reports suggest.
The company’s net profit rose 124.2% to Rs 104.66 crore on 34.7% rise in operating income to Rs 622.02 crore in Q1 June 2008 over Q1 June 2007. The company announced the result yesterday, 21 July 2008.
The company provides long term finance to individuals for purchase/construction/repair and renovation of new/ existing flats/houses. The company also provides finance on existing property for business/personal needs and gives loans to professionals for purchase/construction of clinics/nursing homes/diagnostic centres / office space.
Emco -Good Q1 result
Emco jumped 6.96% to Rs 146.85 at 14:41 IST on BSE on reporting 11.55% rise in net profit to Rs 10.05 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 150 and a low of Rs 135.80 so far during the day. The stock had a 52-week high of Rs 330 on 17 January 2008 and a 52-week low of Rs 125 on 2 July 2008.
The company has an equity capital of Rs 11.76 crore. Face value per share is Rs 10.
The current price of Rs 146.85 discounts its Q4 March 2008 annualised EPS of Rs 19.65, by a PE multiple of 7.47.
The company’s total income rose 18.81% to Rs 183.35 crore in Q1 June 2008 over Q1 June 2007.
In May 2008, Emco secured a Rs 126-crore turnkey order from Delhi Transco for new substation at Mundka, Delhi
The company is engaged in manufacturing and marketing furnace and rectifier transformers and electronic energy meters.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 150 and a low of Rs 135.80 so far during the day. The stock had a 52-week high of Rs 330 on 17 January 2008 and a 52-week low of Rs 125 on 2 July 2008.
The company has an equity capital of Rs 11.76 crore. Face value per share is Rs 10.
The current price of Rs 146.85 discounts its Q4 March 2008 annualised EPS of Rs 19.65, by a PE multiple of 7.47.
The company’s total income rose 18.81% to Rs 183.35 crore in Q1 June 2008 over Q1 June 2007.
In May 2008, Emco secured a Rs 126-crore turnkey order from Delhi Transco for new substation at Mundka, Delhi
The company is engaged in manufacturing and marketing furnace and rectifier transformers and electronic energy meters.
Lupin strengthens on healthy Q1 outcome
Lupin gained 2.83% to Rs 717 at 13:35 IST on BSE on reporting 38.45% rise in net profit to Rs 108.52 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 725 and a low of Rs 690.30 so far during the day. The stock had a 52-week high of Rs 741.90 on 13 June 2008 and a 52-week low of Rs 429.90 on 22 January 2008.
The company has an equity capital of Rs 82.09 crore. Face value per share is Rs 10.
The current price of Rs 717 discounts its Q4 March 2008 annualised EPS of Rs 37.35, by a PE multiple of 19.20.
The company’s total income rose 18.39% to Rs 712.42 crore in Q1 June 2008 over Q1 June 2007.
On 24 June 2008, Lupin entered into an agreement with US based Ascend Therapeutics Inc for promoting suprax 400 miligram tablets in the US market.
On 16 June 2008, Lupin received a tentative approval from US Food & Drug Administration (USFDA) for its escitalopram oxalate tablets in 10 & 20-milligram strengths.
Lupin is engaged in manufacturing active pharmaceutical ingredients and formulations.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 725 and a low of Rs 690.30 so far during the day. The stock had a 52-week high of Rs 741.90 on 13 June 2008 and a 52-week low of Rs 429.90 on 22 January 2008.
The company has an equity capital of Rs 82.09 crore. Face value per share is Rs 10.
The current price of Rs 717 discounts its Q4 March 2008 annualised EPS of Rs 37.35, by a PE multiple of 19.20.
The company’s total income rose 18.39% to Rs 712.42 crore in Q1 June 2008 over Q1 June 2007.
On 24 June 2008, Lupin entered into an agreement with US based Ascend Therapeutics Inc for promoting suprax 400 miligram tablets in the US market.
On 16 June 2008, Lupin received a tentative approval from US Food & Drug Administration (USFDA) for its escitalopram oxalate tablets in 10 & 20-milligram strengths.
Lupin is engaged in manufacturing active pharmaceutical ingredients and formulations.
Hanung Toys strong Q1
Hanung Toys & Textiles gained 2.97% to Rs 194.25 at 12:58 IST on BSE after posting 101.09% rise in net profit in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 203.75 and a low of Rs 191.55 so far during the day. The stock had a 52-week high of Rs 300 on 7 January 2008 and a 52-week low of Rs 121 on 27 July 2007.
The company has an equity capital of Rs 25.19 crore. Face value per share is Rs 10.
The current price of Rs 194.25 discounts its Q4 March 2008 annualised EPS of Rs 33.49, by a PE multiple of 5.80.
Hanung Toys & Textiles (HTTL)’s total income rose 72.69% to Rs 150.64 crore in Q1 June 2008 over Q1 June 2007.
HTTL is engaged in the business of manufacturing and exporting of soft toys. It also manufactures and exports of home furnishings.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 203.75 and a low of Rs 191.55 so far during the day. The stock had a 52-week high of Rs 300 on 7 January 2008 and a 52-week low of Rs 121 on 27 July 2007.
The company has an equity capital of Rs 25.19 crore. Face value per share is Rs 10.
The current price of Rs 194.25 discounts its Q4 March 2008 annualised EPS of Rs 33.49, by a PE multiple of 5.80.
Hanung Toys & Textiles (HTTL)’s total income rose 72.69% to Rs 150.64 crore in Q1 June 2008 over Q1 June 2007.
HTTL is engaged in the business of manufacturing and exporting of soft toys. It also manufactures and exports of home furnishings.
Areva T&D India Stock-split proposal
Areva T&D India jumped 6.03% to Rs 1615 at 11:49 IST on BSE after the company said its board will meet on 29 July 2008 to consider a 5-for-1 stock split.
The company made this announcement during trading hours today, 22 July 2008.
The stock hit a high of Rs 1650 and a low of Rs 1535 so far during the day. The stock had a 52-week high of Rs 3280 on 13 November 2007 and a 52-week low of Rs 1199 on 1 July 2008.
The company has an equity capital of Rs 47.82 crore. Face value per share is Rs 10.
The current price of Rs 1615 discounts its Q1 March 2008 annualised EPS of Rs 37.99, by a PE multiple of 42.51.
Areva T&D India will be a major beneficiary of the Indo-US nuclear deal if the deal fructifies. French giant Areva, which holds 72.18% stake in Areva T&D (as at end march 2008) is best known for its nuclear power plant and transmission interests. It is the only company in the world that has interests in every industry linked to nuclear power - from mining uranium to dismantling old nuclear power plants.
On 9 April 2008, Areva T&D India secured an order worth Rs 418 crore from Essar Constructions to provide equipments for power project in Gujarat and Madhya Pradesh.
Areva T&D India’s net profit rose 42.70% to Rs 54.10 crore on 22.50% growth in net sales to Rs 502.90 crore in Q1 March 2008 over Q1 March 2007.
The company's products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows.
The company made this announcement during trading hours today, 22 July 2008.
The stock hit a high of Rs 1650 and a low of Rs 1535 so far during the day. The stock had a 52-week high of Rs 3280 on 13 November 2007 and a 52-week low of Rs 1199 on 1 July 2008.
The company has an equity capital of Rs 47.82 crore. Face value per share is Rs 10.
The current price of Rs 1615 discounts its Q1 March 2008 annualised EPS of Rs 37.99, by a PE multiple of 42.51.
Areva T&D India will be a major beneficiary of the Indo-US nuclear deal if the deal fructifies. French giant Areva, which holds 72.18% stake in Areva T&D (as at end march 2008) is best known for its nuclear power plant and transmission interests. It is the only company in the world that has interests in every industry linked to nuclear power - from mining uranium to dismantling old nuclear power plants.
On 9 April 2008, Areva T&D India secured an order worth Rs 418 crore from Essar Constructions to provide equipments for power project in Gujarat and Madhya Pradesh.
Areva T&D India’s net profit rose 42.70% to Rs 54.10 crore on 22.50% growth in net sales to Rs 502.90 crore in Q1 March 2008 over Q1 March 2007.
The company's products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows.
Thermax Good Q1 results & Good Orders
Thermax rose 4.52% to Rs 400 at 11:05 IST on BSE after it reported 13.7% rise in net profit to Rs 63.7 crore on 7.5% rise in total income to Rs 727.2 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 401.95 and a low of Rs 386 so far during the day. The stock had a 52-week high of Rs 968.30 on 30 October 2007 and a 52-week low of Rs 330.50 on 2 July 2008.
The company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.
The current price of Rs 400 discounts its Q4 March 2008 annualised EPS of Rs 27.03, by a PE multiple of 14.79.
The order book of the company at the the quarter ended June 2008 stood at Rs 2,649 crore compared to Rs 2435 at the beginning of the financial year.
The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.
The company announced the results during trading hours today, 22 July 2008.
The stock hit a high of Rs 401.95 and a low of Rs 386 so far during the day. The stock had a 52-week high of Rs 968.30 on 30 October 2007 and a 52-week low of Rs 330.50 on 2 July 2008.
The company has an equity capital of Rs 23.83 crore. Face value per share is Rs 2.
The current price of Rs 400 discounts its Q4 March 2008 annualised EPS of Rs 27.03, by a PE multiple of 14.79.
The order book of the company at the the quarter ended June 2008 stood at Rs 2,649 crore compared to Rs 2435 at the beginning of the financial year.
The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.
HEG on buyback plan
HEG gained 5.79% to Rs 225.50 at 10:53 IST on BSE after the company said its board will meet on 31 July 2008 to consider buyback of equity shares.
The company made this announcement after trading hours yesterday, 21 July 2008.
The stock hit a high of Rs 227 and a low of Rs 219.80 so far during the day. The stock had a 52-week high of Rs 609 on 1 January 2008 and a 52-week low of Rs 174 on 2 July 2008.
The company has an equity capital of Rs 44.32 crore. Face value per share is Rs 10.
The current price of Rs 225.50 discounts its Q1 June 2008 annualised EPS of Rs 32.50, by a PE multiple of 6.94.
The company’s net profit rose 20.6% to Rs 36.01 crore on 3.1% fall in net sales to Rs 236.69 crore in Q4 March 2008 over Q4 March 2007.
HEG is the second largest integrated graphite electrode manufacturer in the world.
The company made this announcement after trading hours yesterday, 21 July 2008.
The stock hit a high of Rs 227 and a low of Rs 219.80 so far during the day. The stock had a 52-week high of Rs 609 on 1 January 2008 and a 52-week low of Rs 174 on 2 July 2008.
The company has an equity capital of Rs 44.32 crore. Face value per share is Rs 10.
The current price of Rs 225.50 discounts its Q1 June 2008 annualised EPS of Rs 32.50, by a PE multiple of 6.94.
The company’s net profit rose 20.6% to Rs 36.01 crore on 3.1% fall in net sales to Rs 236.69 crore in Q4 March 2008 over Q4 March 2007.
HEG is the second largest integrated graphite electrode manufacturer in the world.
BHEL- Good Q1 results, hefty order book
Bharat Heavy Electricals surged 3.69% to Rs 1562 at 10:34 IST on BSE on reporting 33.1% surge in net profit to Rs 384.41 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results after trading hours on Monday, 21 July 2008.
The stock hit a high of Rs 1575 and a low of Rs 1525 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1325.25 on 9 June 2008.
The company has an equity capital of Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 1562 discounts its Q1 June 2008 annualised EPS of Rs 31.41, by a PE multiple of 49.73.
Bharat Heavy Electricals (Bhel)’s net sales rose 33.9% to Rs 4329.24 crore in Q1 June 2008 over Q1 June 2007.
Bhel had an outstanding order book of about Rs 95000 crore as on 30 June 2008.
On 11 July 2008, Bhel bagged a contract worth Rs 2175 crore for setting up a 600 megawatt thermal power plant in Tamil Nadu.
On 30 June 2008, the company bagged an order exceeding Rs 2080 crore for a 400-megawatt thermal power project in Syria.
In June 2008, Bhel won a contract worth Rs 3600 crore to set up a combined cycle power plant in New Delhi.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.
The company announced the results after trading hours on Monday, 21 July 2008.
The stock hit a high of Rs 1575 and a low of Rs 1525 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1325.25 on 9 June 2008.
The company has an equity capital of Rs 489.52 crore. Face value per share is Rs 10.
The current price of Rs 1562 discounts its Q1 June 2008 annualised EPS of Rs 31.41, by a PE multiple of 49.73.
Bharat Heavy Electricals (Bhel)’s net sales rose 33.9% to Rs 4329.24 crore in Q1 June 2008 over Q1 June 2007.
Bhel had an outstanding order book of about Rs 95000 crore as on 30 June 2008.
On 11 July 2008, Bhel bagged a contract worth Rs 2175 crore for setting up a 600 megawatt thermal power plant in Tamil Nadu.
On 30 June 2008, the company bagged an order exceeding Rs 2080 crore for a 400-megawatt thermal power project in Syria.
In June 2008, Bhel won a contract worth Rs 3600 crore to set up a combined cycle power plant in New Delhi.
Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.
Tech Mahindra good Q1 results & Large order from BT
Tech Mahindra gained 4.09% to Rs 706.90 at 9:55 IST on BSE on reporting net profit of Rs 254.36 crore in Q1 June 2008 as against net loss of Rs 207 crore in Q4 March 2008.
The company announced the results after trading hours yesterday, 21 July 2008.
The stock hit a high of Rs 710 and a low of Rs 694 so far during the day. The stock had a 52-week high of Rs 1550 on 11 October 2007 and a 52-week low of Rs 614.80 on 17 March 2008.
The company has an equity capital of Rs 121.52 crore. Face value per share is Rs 10.
The current price of Rs 706.90 discounts its Q1 June 2008 annualised EPS of Rs 83.74, by a PE multiple of 8.44.
Tech Mahindra’s net sales rose 11.10% to Rs 1100.70 crore in Q1 June 2008 over Q4 March 2008.
On a consolidated basis, Tech Mahindra reported net profit of Rs Rs 258.54 crore in Q1 June 2008 as against net loss of Rs 221.4 crore in Q4 March 2008. Total income rose 7.96% to Rs 1142.47 crore in Q1 June 2008 over Q4 March 2008.
At the time announcing Q1 June 2008 results on Monday, 21 July 2008, Tech Mahindra said it has bagged an worth $700 million from BT Group for systems transformation program. BT Group is the largest client and a shareholder of Tech Mahindra.
Tech Mahindra provides information technology (IT) services and solutions to the telecom sector. It provides a variety of services ranging from IT strategy and consulting to system integration, design, application development, implementation, maintenance and product engineering.
The company announced the results after trading hours yesterday, 21 July 2008.
The stock hit a high of Rs 710 and a low of Rs 694 so far during the day. The stock had a 52-week high of Rs 1550 on 11 October 2007 and a 52-week low of Rs 614.80 on 17 March 2008.
The company has an equity capital of Rs 121.52 crore. Face value per share is Rs 10.
The current price of Rs 706.90 discounts its Q1 June 2008 annualised EPS of Rs 83.74, by a PE multiple of 8.44.
Tech Mahindra’s net sales rose 11.10% to Rs 1100.70 crore in Q1 June 2008 over Q4 March 2008.
On a consolidated basis, Tech Mahindra reported net profit of Rs Rs 258.54 crore in Q1 June 2008 as against net loss of Rs 221.4 crore in Q4 March 2008. Total income rose 7.96% to Rs 1142.47 crore in Q1 June 2008 over Q4 March 2008.
At the time announcing Q1 June 2008 results on Monday, 21 July 2008, Tech Mahindra said it has bagged an worth $700 million from BT Group for systems transformation program. BT Group is the largest client and a shareholder of Tech Mahindra.
Tech Mahindra provides information technology (IT) services and solutions to the telecom sector. It provides a variety of services ranging from IT strategy and consulting to system integration, design, application development, implementation, maintenance and product engineering.
Post-Market Commentary Tuesday, July 22, 2008
Market surges Up in choppy trade ahead of trust vote
The key benchmark indices shrugged off weak global cues on expectations that the Congress-led United Progressive Alliance (UPA) government will win the trust vote in the parliament. Volatility was high in the second half of the trading session. Power, FMCG and metal stocks were in demand. All the sectoral indices on BSE, barring the auto index, ended in green.
The Indian stock market has witnessed a solid surge in the past four days ahead of the trust vote. The government is seeking the trust vote after the Left parties early this month withdrew support to the government. Reports suggest that the government has a wafer-thin edge of winning the trust vote.
Electronic voting will take place on the trust motion in parliament at 18:00 IST today, Lok Sabha Speaker Somnath Chatterjee said. An hour before the actual voting, Prime Minister Manmohan is expected to reply to the debate. A debate on the trust vote is going on in the parliament since yesterday in a special session being held for the purpose.
If the government wins the confidence vote it will continue to be in power. If the government loses the trust vote, the president could ask the prime minister to continue in power as a caretaker government. The Election Commission of India will then fix a date and mid-term polls will be held.
As per provisional closing, BSE Sensex was up 302.28 points or 2.18% at 14,152.32.
S&P CNX Nifty advanced 101.25 points or 2.43% at 4260.75.
The key benchmark indices shrugged off weak global cues on expectations that the Congress-led United Progressive Alliance (UPA) government will win the trust vote in the parliament. Volatility was high in the second half of the trading session. Power, FMCG and metal stocks were in demand. All the sectoral indices on BSE, barring the auto index, ended in green.
The Indian stock market has witnessed a solid surge in the past four days ahead of the trust vote. The government is seeking the trust vote after the Left parties early this month withdrew support to the government. Reports suggest that the government has a wafer-thin edge of winning the trust vote.
Electronic voting will take place on the trust motion in parliament at 18:00 IST today, Lok Sabha Speaker Somnath Chatterjee said. An hour before the actual voting, Prime Minister Manmohan is expected to reply to the debate. A debate on the trust vote is going on in the parliament since yesterday in a special session being held for the purpose.
If the government wins the confidence vote it will continue to be in power. If the government loses the trust vote, the president could ask the prime minister to continue in power as a caretaker government. The Election Commission of India will then fix a date and mid-term polls will be held.
As per provisional closing, BSE Sensex was up 302.28 points or 2.18% at 14,152.32.
S&P CNX Nifty advanced 101.25 points or 2.43% at 4260.75.
Monday, July 21, 2008
Bartronics India strong quarterly earnings
Bartronics India spurted 8.76% to Rs 170.05 at 15:21 IST on BSE after posting 220.37% surge in net profit to Rs 15.27 crore on 165.71% increase in total income to Rs 679.32 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 175.70 and a low of Rs 160 so far during the day. The stock had a 52-week high of Rs 294.50 on 7 January 2008 and a 52-week low of Rs 125 on 4 April 2008.
The company has an equity capital of Rs 27.58 crore. Face value per share is Rs 10.
The current price of Rs 170.05 discounts its Q4 March 2008 annualised EPS of Rs 24.75, by a PE multiple of 6.87.
Bartronics is a leading provider of smart card-based technology as well as radio frequency identification solutions.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 175.70 and a low of Rs 160 so far during the day. The stock had a 52-week high of Rs 294.50 on 7 January 2008 and a 52-week low of Rs 125 on 4 April 2008.
The company has an equity capital of Rs 27.58 crore. Face value per share is Rs 10.
The current price of Rs 170.05 discounts its Q4 March 2008 annualised EPS of Rs 24.75, by a PE multiple of 6.87.
Bartronics is a leading provider of smart card-based technology as well as radio frequency identification solutions.
SAIL good Q1 results
Steel Authority of India rose 1.83% to Rs 125 at 15:06 IST on BSE on reporting 20.33% rise in net profit to Rs 1835.19 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 128.20 and a low of Rs 121.30 so far during the day. The stock had a 52-week high of Rs 292.50 on 13 December 2007 and a 52-week low of Rs 117.55 on 17 July 2008.
The company has an equity capital of Rs 4130.40 crore. Face value per share is Rs 10.
The current price of Rs 125 discounts its Q4 March 2008 annualised EPS of Rs 23.02, by a PE multiple of 5.42.
Steel Authority of India (Sail)’s total income rose 36.85% to Rs 11421.99 crore in Q1 June 2008 over Q1 June 2007.
Sail is engaged in manufacturing and marketing iron and steel. The group produces both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 128.20 and a low of Rs 121.30 so far during the day. The stock had a 52-week high of Rs 292.50 on 13 December 2007 and a 52-week low of Rs 117.55 on 17 July 2008.
The company has an equity capital of Rs 4130.40 crore. Face value per share is Rs 10.
The current price of Rs 125 discounts its Q4 March 2008 annualised EPS of Rs 23.02, by a PE multiple of 5.42.
Steel Authority of India (Sail)’s total income rose 36.85% to Rs 11421.99 crore in Q1 June 2008 over Q1 June 2007.
Sail is engaged in manufacturing and marketing iron and steel. The group produces both basic and special steels for domestic construction, engineering, power, railway, automotive and defence industries and for sale in export markets.
LIC Housing Finance strong Q1 numbers
LIC Housing Finance rose 4.09% to Rs 247 at 14:14 IST on BSE after it reported 72.74% growth in net profit to Rs 104.66 crore on 34.68% rise in total income to Rs 622.01 crore in Q1 June 2008 over Q1 June 2007.
The company announced the result during trading hours today, 21 July 2008.
The stock hit a high of Rs 247.40 and a low of Rs 233 so far during the day. The stock had a 52-week high of Rs 402.90 on 11 December 2007 and a 52-week low of Rs 174.50 on 23 August 2007.
The company has an equity capital of Rs 84.99 crore. Face value per share is Rs 10.
The current price of Rs 247 discounts its Q4 March 2008 annualised EPS of Rs 55.58, by a PE multiple of 4.44.
The company provides long term finance to individuals for purchase/construction/repair and renovation of new/ existing flats/houses. The company also provides finance on existing property for business/personal needs and gives loans to professionals for purchase/construction of clinics/nursing homes/diagnostic centres / office space.
The company announced the result during trading hours today, 21 July 2008.
The stock hit a high of Rs 247.40 and a low of Rs 233 so far during the day. The stock had a 52-week high of Rs 402.90 on 11 December 2007 and a 52-week low of Rs 174.50 on 23 August 2007.
The company has an equity capital of Rs 84.99 crore. Face value per share is Rs 10.
The current price of Rs 247 discounts its Q4 March 2008 annualised EPS of Rs 55.58, by a PE multiple of 4.44.
The company provides long term finance to individuals for purchase/construction/repair and renovation of new/ existing flats/houses. The company also provides finance on existing property for business/personal needs and gives loans to professionals for purchase/construction of clinics/nursing homes/diagnostic centres / office space.
Punjab Tractors good Q1 numbers
Punjab Tractors advanced 11.56% to Rs 223 at 14:08 IST on BSE after posting 580% surge in net profit to Rs 22.44 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 234 and a low of Rs 200 so far during the day. The stock had a 52-week high of Rs 382.70 on 4 January 2008 and a 52-week low of Rs 183.15 on 8 November 2007.
The company has an equity capital of Rs 60.76 crore. Face value per share is Rs 10. The current price of Rs 223 discounts its Q4 March 2008 annualised EPS of Rs 17.56, by a PE multiple of 12.70.
Punjab Tractors’ total income rose 82.12% to Rs 316.70 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing, marketing and servicing of tractors. The products include agricultural tractors, self-propelled harvester combines, rice transplanters, forklifts, tractor drawn agricultural implements, gears, spare parts, casting and accessories.
The company announced the results during trading hours today, 21 July 2008.
The stock hit a high of Rs 234 and a low of Rs 200 so far during the day. The stock had a 52-week high of Rs 382.70 on 4 January 2008 and a 52-week low of Rs 183.15 on 8 November 2007.
The company has an equity capital of Rs 60.76 crore. Face value per share is Rs 10. The current price of Rs 223 discounts its Q4 March 2008 annualised EPS of Rs 17.56, by a PE multiple of 12.70.
Punjab Tractors’ total income rose 82.12% to Rs 316.70 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing, marketing and servicing of tractors. The products include agricultural tractors, self-propelled harvester combines, rice transplanters, forklifts, tractor drawn agricultural implements, gears, spare parts, casting and accessories.
3i Infotech reboots on new order win
3i Infotech gained 1.81% to Rs 95.80 at 13:41 IST on BSE after the company said Bank of India has selected the company’s anti money laundering software AMLOCK
The company made this announcement during trading hours today, 21 July 2008.
The stock hit a high of Rs 96 and a low of Rs 92 so far during the day. The stock had a 52-week high of Rs 159.90 on 10 January 2008 and a 52-week low of Rs 84 on 24 March 2008.
The company has an equity capital of Rs 130.67 crore. Face value per share is Rs 10.
The current price of Rs 95.80 discounts its Q4 March 2008 annualised EPS of Rs 11.07, by a PE multiple of 8.65.
In June 2008, 3i Infotech acquired a majority stake of 51% in a Mumbai based IT firm Fineng Solutions with a commitment to acquire remaining stake in two tranches over a period of time.
In May 2008, the company acquired 26% stake in Locuz Enterprise Solutions with a commitment to acquire remaining stake over a period of time.
3i Infotech’s net profit rose 83.40% to Rs 36.13 crore on 2.06% growth in net sales to Rs 104.96 crore in Q4 March 2008 over Q3 December 2007.
The company provides information technology (IT) solutions
The company made this announcement during trading hours today, 21 July 2008.
The stock hit a high of Rs 96 and a low of Rs 92 so far during the day. The stock had a 52-week high of Rs 159.90 on 10 January 2008 and a 52-week low of Rs 84 on 24 March 2008.
The company has an equity capital of Rs 130.67 crore. Face value per share is Rs 10.
The current price of Rs 95.80 discounts its Q4 March 2008 annualised EPS of Rs 11.07, by a PE multiple of 8.65.
In June 2008, 3i Infotech acquired a majority stake of 51% in a Mumbai based IT firm Fineng Solutions with a commitment to acquire remaining stake in two tranches over a period of time.
In May 2008, the company acquired 26% stake in Locuz Enterprise Solutions with a commitment to acquire remaining stake over a period of time.
3i Infotech’s net profit rose 83.40% to Rs 36.13 crore on 2.06% growth in net sales to Rs 104.96 crore in Q4 March 2008 over Q3 December 2007.
The company provides information technology (IT) solutions
SCI ahead on shipping ministry's green signal to bonus issue
Shipping Corporation India rose 0.19% to Rs 207.60 at 13:43 IST on BSE after the shipping ministry gave its nod to the company's proposal to issue one bonus equity share for every two shares held.
The company announced this during trading hours today, 21 July 2008.
The stock hit a high of Rs 216 and a low of Rs 203.25 so far during the day. The stock had a 52-week high of Rs 332 on 3 January 2008 and a 52-week low of Rs 154 on 22 January 2008.
The company has an equity capital of Rs 282.30 crore. Face value per share is Rs 10.
The current price of Rs 207.60 discounts its Q4 March 2008 annualised EPS of Rs 35.24, by a PE multiple of 5.89.
Shipping Corporation India (SCI)'s board will discuss the bonus issue proposal at a meeting to be held on 26 July 2008. Earlier, the company's board at its meeting held on 20 May 2008 had approved the proposal to issue bonus shares and decided to forward the proposal to the shipping ministry for its approval.
Shipping Corporation India (SCI)’s net profit declined 19.8% to Rs 813.90 crore on 0.6% rise in net sales to Rs 3726.84 crore in the year ended March 2008 over the year ended March 2007.
SCI, a state-run shipping company, operates and manages a fleet of line vessels, tankers, bulk carriers, passenger vessels and off shore vessels
The company announced this during trading hours today, 21 July 2008.
The stock hit a high of Rs 216 and a low of Rs 203.25 so far during the day. The stock had a 52-week high of Rs 332 on 3 January 2008 and a 52-week low of Rs 154 on 22 January 2008.
The company has an equity capital of Rs 282.30 crore. Face value per share is Rs 10.
The current price of Rs 207.60 discounts its Q4 March 2008 annualised EPS of Rs 35.24, by a PE multiple of 5.89.
Shipping Corporation India (SCI)'s board will discuss the bonus issue proposal at a meeting to be held on 26 July 2008. Earlier, the company's board at its meeting held on 20 May 2008 had approved the proposal to issue bonus shares and decided to forward the proposal to the shipping ministry for its approval.
Shipping Corporation India (SCI)’s net profit declined 19.8% to Rs 813.90 crore on 0.6% rise in net sales to Rs 3726.84 crore in the year ended March 2008 over the year ended March 2007.
SCI, a state-run shipping company, operates and manages a fleet of line vessels, tankers, bulk carriers, passenger vessels and off shore vessels
Petronet LNG slips after flat Q1 outcome
Petronet LNG declined 1.35% to Rs 54.75 at 12:51 IST on BSE after the company posted 2.20% fall in net profit to Rs 105.65 crore in Q1 June 2008 over Q1 June 2007.
The company announced the results during trading hours today, 21 July 2008.
The stock had a 52-week high of Rs 121.90 on 4 January 2008 and a 52-week low of Rs 48.35 on 2 July 2008.
The company has an equity capital of Rs 750 crore. Face value per share is Rs 10. The current price of Rs 54.75 discounts its Q4 March 2008 annualised EPS of Rs 6.40, by a PE multiple of 8.55.
Petronet LNG’ total income rose 6.39% to Rs 1662.50 crore in Q1 June 2008 over Q1 June 2007.
Petronet LNG imports, stores and regassifies LNG and sells it. The company has set up the country`s first LNG receiving and regasification terminal at Dahej, Gujarat, and is in the process of building another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 5 million metric tons per annum (MMTPA), the Kochi terminal will have a capacity of 2.5 MMTPA.
The company announced the results during trading hours today, 21 July 2008.
The stock had a 52-week high of Rs 121.90 on 4 January 2008 and a 52-week low of Rs 48.35 on 2 July 2008.
The company has an equity capital of Rs 750 crore. Face value per share is Rs 10. The current price of Rs 54.75 discounts its Q4 March 2008 annualised EPS of Rs 6.40, by a PE multiple of 8.55.
Petronet LNG’ total income rose 6.39% to Rs 1662.50 crore in Q1 June 2008 over Q1 June 2007.
Petronet LNG imports, stores and regassifies LNG and sells it. The company has set up the country`s first LNG receiving and regasification terminal at Dahej, Gujarat, and is in the process of building another terminal at Kochi, Kerala. While the Dahej terminal has a nominal capacity of 5 million metric tons per annum (MMTPA), the Kochi terminal will have a capacity of 2.5 MMTPA.
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