ICSA India was locked at upper limit of 5% at Rs 377 at 14:08 IST on BSE after the firm signed a deal with ECE Industries to buy the latter's machineries and equipment along with available drawings, designs and data.
The company made the announcement during market hours today, 6 August 2008.
The stock hit a high of Rs 377.40 and a low of Rs 362.70 so far during the day. The stock had a 52-week high of Rs 648.80 on 28 December 2007 and a 52-week low of Rs 254 on 08 July 2008.
The mid-cap firm has an equity capital of Rs 8.81 crore. Face value per share is Rs 2.
The current price of Rs 377 discounts its Q1 June 2008 annualised EPS of Rs 37.25, by a PE multiple of 10.12.
The transaction would enable ICSA to manufacture the energy meters on its own capacity. The deal also allows ICSA to use the brand name of ECE for a period of six months. Both the parties have also signed a 5-year non-compete agreement.
Net profit of ICSA India rose 9.36% to Rs 40.97 crore on a 14.03% increase in sales to 241.50 crore in Q1 June 2008 over Q4 March 2008. The net profit rose 71.3% to Rs 40.97 crore on a 96.9% rise in sales to Rs 241.50 crore in Q1 June 2008 over Q1 June 2007.
ICSA India provides software development services and technology solutions for the power, telecommunication and other sector.
Wednesday, August 6, 2008
Geometric on new contract
Geometric spurted up 5.34% to Rs 57.20 at 13:52 IST on BSE after the company said it has signed a contract with Ford Motor Company to provide application management services for its engineering applications.
The company made this announcement during trading hours today, 6 August 2008.
The stock hit a high of Rs 58.35 and a low of Rs 54.05 so far during the day. The stock had hit a 52-week high of Rs 109.40 on 9 August 2007 and a 52-week low of Rs 42 on 24 March 2008.
The company has an equity capital of Rs 12.42 crore. Face value per share is Rs 2.
The current price of Rs 57.20 discounts its Q1 June 2008 annualised EPS of Rs 10.24, by a PE multiple of 5.59.
In April 2008, the company sold one of its properties located in Pune, for Rs 29.50 crore.
Geometric’s net profit surged 173.02% to Rs 15.89 crore on 13.66% increase in net sales to Rs 52.01 crore in Q1 June 2008 over Q4 March 2008.
The company's principal activity is to provide innovative software services and products.
The company made this announcement during trading hours today, 6 August 2008.
The stock hit a high of Rs 58.35 and a low of Rs 54.05 so far during the day. The stock had hit a 52-week high of Rs 109.40 on 9 August 2007 and a 52-week low of Rs 42 on 24 March 2008.
The company has an equity capital of Rs 12.42 crore. Face value per share is Rs 2.
The current price of Rs 57.20 discounts its Q1 June 2008 annualised EPS of Rs 10.24, by a PE multiple of 5.59.
In April 2008, the company sold one of its properties located in Pune, for Rs 29.50 crore.
Geometric’s net profit surged 173.02% to Rs 15.89 crore on 13.66% increase in net sales to Rs 52.01 crore in Q1 June 2008 over Q4 March 2008.
The company's principal activity is to provide innovative software services and products.
Subhash Projects bagged New order
Subhash Projects & Marketing surged 2.86% to Rs 190.90 at 12:32 IST on BSE after the company said on Wednesday, 6 August 2008, it has bagged an order worth Rs 318 crore from Public Health Engineering Department, government of Rajasthan.
The company made this announcement during trading hours on Wednesday, 6 August 2008.
The stock hit a high of Rs 195.35 and a low of Rs 188.20 so far during the day. The stock had hit a 52-week high of Rs 599 on 4 January 2008 and a 52-week low of Rs 158.05 on 3 July 2008.
The company has an equity capital of Rs 7.33 crore. Face value per share is Rs 2.
The current price of Rs 190.90 discounts its Q1 June 2008 annualised EPS of Rs 17.74, by a PE multiple of 10.76.
In April 2008, Subhash Projects bagged an order worth Rs 329.48 crore from NTPC.
Subhash Projects & Marketing’s net profit rose 18.3% to Rs 16.25 crore on 28.6% increase in net sales to Rs 306.03 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in construction projects. The company operates in the field of water supply, sanitation and solid waste management, hydropower and electrification projects.
The company made this announcement during trading hours on Wednesday, 6 August 2008.
The stock hit a high of Rs 195.35 and a low of Rs 188.20 so far during the day. The stock had hit a 52-week high of Rs 599 on 4 January 2008 and a 52-week low of Rs 158.05 on 3 July 2008.
The company has an equity capital of Rs 7.33 crore. Face value per share is Rs 2.
The current price of Rs 190.90 discounts its Q1 June 2008 annualised EPS of Rs 17.74, by a PE multiple of 10.76.
In April 2008, Subhash Projects bagged an order worth Rs 329.48 crore from NTPC.
Subhash Projects & Marketing’s net profit rose 18.3% to Rs 16.25 crore on 28.6% increase in net sales to Rs 306.03 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in construction projects. The company operates in the field of water supply, sanitation and solid waste management, hydropower and electrification projects.
Compucom Software reboots on new order win
Compucom Software was locked at 5% upper limit of Rs 23.40 at 12:01 IST on BSE on bagging an order worth Rs 16.18 crore from Jaipur Vidyut Vitran Nigam to establish and operate customer management system on build, own, operate and transfer basis.
The company made this announcement during trading hours on Wednesday, 6 August 2008.
The stock hit a high of Rs 23.40 and a low of Rs 23 so far during the day. The stock had hit a 52-week high of Rs 45.35 on 10 January 2008 and a 52-week low of Rs 11.80 on 22 August 2007.
The company has an equity capital of Rs 5.03 crore. Face value per share is Rs 2.
The current price of Rs 23.40 discounts its Q1 June 2008 annualised EPS of Rs 4.02, by a PE multiple of 5.82.
In May 2008, Compucom Software bagged an order worth Rs 142 crore from the secondary education department, Government of Rajasthan for executing ICT project in 2292 government schools in the state.
Compucom Software’s net profit rose 121.93% to Rs 2.53 crore on 29.61% increase in total income to Rs 5.69 crore in Q1 June 2008 over Q4 March 2008.
The company is engaged in the offshore business areas of telecom software and GIS software/conversion. Its current activities also involve software development, on-site resource contracting, data conversion, education and IT consulting.
The company made this announcement during trading hours on Wednesday, 6 August 2008.
The stock hit a high of Rs 23.40 and a low of Rs 23 so far during the day. The stock had hit a 52-week high of Rs 45.35 on 10 January 2008 and a 52-week low of Rs 11.80 on 22 August 2007.
The company has an equity capital of Rs 5.03 crore. Face value per share is Rs 2.
The current price of Rs 23.40 discounts its Q1 June 2008 annualised EPS of Rs 4.02, by a PE multiple of 5.82.
In May 2008, Compucom Software bagged an order worth Rs 142 crore from the secondary education department, Government of Rajasthan for executing ICT project in 2292 government schools in the state.
Compucom Software’s net profit rose 121.93% to Rs 2.53 crore on 29.61% increase in total income to Rs 5.69 crore in Q1 June 2008 over Q4 March 2008.
The company is engaged in the offshore business areas of telecom software and GIS software/conversion. Its current activities also involve software development, on-site resource contracting, data conversion, education and IT consulting.
Ashok Leyland speeds up on strong sales in July 2008
Ashok Leyland moved up 2.20% to Rs 32.55 at 10:25 IST on BSE after the company posted 11.3% growth in sales to 6202 units in July 2008 over July 2007.
The stock hit a high of Rs 33.05 and a low of Rs 32 so far during the day. The stock had hit a 52-week high of Rs 57.90 on 8 January 2008 and a 52-week low of Rs 25.80 on 22 July 2008.
The company has an equity capital of Rs 133.03 crore. Face value per share is Rs 1.
The current price of Rs 32.55 discounts its Q1 June 2008 annualised EPS of Rs 1.52, by a PE multiple of 21.41.
Ashok Leyland (ALL)’s export sales jumped 29.6% to 700 units in July 2008 over July 2007. Domestic sales rose 9.3% to 5502 units in July 2008 over July 2007.
In May 2008, Ashok Leyland signed agreement with Nissan Motor Company, Japan for setting up three joint venture firms for light commercial vehicles business in India with an aggregate investment of around Rs 2300 crore.
ALL’s net profit fell 42.7% to Rs 50.57 crore on 16.2% growth in net sales to Rs 1883.86 crore in Q1 June 2008 over Q1 June 2007.
Ashok Leyland manufactures commercial vehicles and spare parts. The company also manufactures special vehicles and engines for industrial, genset, marine requirements and automobile spare parts. The company operates only in India.
The stock hit a high of Rs 33.05 and a low of Rs 32 so far during the day. The stock had hit a 52-week high of Rs 57.90 on 8 January 2008 and a 52-week low of Rs 25.80 on 22 July 2008.
The company has an equity capital of Rs 133.03 crore. Face value per share is Rs 1.
The current price of Rs 32.55 discounts its Q1 June 2008 annualised EPS of Rs 1.52, by a PE multiple of 21.41.
Ashok Leyland (ALL)’s export sales jumped 29.6% to 700 units in July 2008 over July 2007. Domestic sales rose 9.3% to 5502 units in July 2008 over July 2007.
In May 2008, Ashok Leyland signed agreement with Nissan Motor Company, Japan for setting up three joint venture firms for light commercial vehicles business in India with an aggregate investment of around Rs 2300 crore.
ALL’s net profit fell 42.7% to Rs 50.57 crore on 16.2% growth in net sales to Rs 1883.86 crore in Q1 June 2008 over Q1 June 2007.
Ashok Leyland manufactures commercial vehicles and spare parts. The company also manufactures special vehicles and engines for industrial, genset, marine requirements and automobile spare parts. The company operates only in India.
ONGC strengthens
Oil & Natural Gas Corporation gained 1.16% to Rs 1014 at 9:55 IST on BSE on reports the company plans to scale up its gas production in Tripura and has revised the project cost to Rs 4376 crore from Rs 1817 crore.
The stock hit a high of Rs 1020 and a low of Rs 1005 so far during the day. The stock had hit a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 770 on 17 August 2007.
The company has an equity capital of Rs 2138.87 crore. Face value per share is Rs 10.
The current price of Rs 1014 discounts its Q1 June 2008 annualised EPS of Rs 124.11, by a PE multiple of 8.17.
On 29 July 2008, 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’s net profit rose 43.90% 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.
ONGC operates in oil & gas exploration, production and refining.
The stock hit a high of Rs 1020 and a low of Rs 1005 so far during the day. The stock had hit a 52-week high of Rs 1386.90 on 2 November 2007 and a 52-week low of Rs 770 on 17 August 2007.
The company has an equity capital of Rs 2138.87 crore. Face value per share is Rs 10.
The current price of Rs 1014 discounts its Q1 June 2008 annualised EPS of Rs 124.11, by a PE multiple of 8.17.
On 29 July 2008, 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’s net profit rose 43.90% 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.
ONGC operates in oil & gas exploration, production and refining.
Post-Market Commentary’ Wednesday, August 06, 2008
Rally fizzles out in late trade; PSU banks slide
Stocks ended volatile session slightly higher extending gains for the second straight day. Strong global cues triggered a solid rally in first half of the day’s trading session. However profit booking at higher levels in second half capped gains. Volatility was high towards later part of the day.
As per provisional data released by BSE after trading hours, foreign funds today, 6 August 2008, bought shares worth a net Rs 1815.74 crore. Domestic funds sold shares worth a net Rs 804.36 crore.
Shares of state-run banks slipped.
The US Federal Reserve at a meeting held after Indian market hours yesterday, 5 August 2008, held key interest rate at 2%. The Federal Open Market Committee said that inflation has been high but insisted that price rises will eventually moderate. Though it expressed concerns about economic growth and inflation, it indicated it is in no rush to push borrowing costs higher.
Sensex rose 112.47 points or 0.75% to 15,073.54 after oscillating in a band of 387.22 points.
Nifty rose 14.70 points or 0.33% to 4,517.55.
Stocks ended volatile session slightly higher extending gains for the second straight day. Strong global cues triggered a solid rally in first half of the day’s trading session. However profit booking at higher levels in second half capped gains. Volatility was high towards later part of the day.
As per provisional data released by BSE after trading hours, foreign funds today, 6 August 2008, bought shares worth a net Rs 1815.74 crore. Domestic funds sold shares worth a net Rs 804.36 crore.
Shares of state-run banks slipped.
The US Federal Reserve at a meeting held after Indian market hours yesterday, 5 August 2008, held key interest rate at 2%. The Federal Open Market Committee said that inflation has been high but insisted that price rises will eventually moderate. Though it expressed concerns about economic growth and inflation, it indicated it is in no rush to push borrowing costs higher.
Sensex rose 112.47 points or 0.75% to 15,073.54 after oscillating in a band of 387.22 points.
Nifty rose 14.70 points or 0.33% to 4,517.55.
Tuesday, August 5, 2008
Microsoft preparing itself for end of Windows era,Replacing by new research project, MIDORI
5 Aug, 2008, 2222 hrs IST, AGENCIES
LONDON: Microsoft has started a new research project, Midori, to develop a software program that will help uncouple Windows from a single PC.
The company has revealed that a decision to develop Midori was taken because Windows is unlikely to be able to cope with the pace of change in future technology, and the way people use it.
"If you think about how an operating system is loaded, it's loaded onto a hard disk physically located on that machine. The operating system is tied very tightly to that hardware," the BBC quoted Dave Austin, European director of products at Citrix, as saying.
He said that that created all kinds of dependencies that arose out of the collection of hardware in a particular machine, and raised concerns for Microsoft's business in case Windows ends up being less important over time as applications become more OS agnostic.
A statement issued by Microsoft describes Midori as an ambitious attempt by Microsoft to catch up on the work on virtualisation being undertaken in the wider computer industry.
Virtualising generally signifies creating a software copy of a computer complete with operating system and associated programs.
It allows a reduction in the numbers of machines one needs to manage, and easy shifting to another machine in case one physical server fails.
A virtual machine on a PC also enables very old applications, which existing operating systems would not run, to keep going.
Many virtual machines these days are tuned for a particular industry, sector or job.
"People take their application, the operating system they want to run it against, package it up along with policy and security they want and use that as a virtual client," said Dan Chu, vice president of emerging products and markets at virtualisation specialist VMWare.
In such virtual machines, the core of the operating system can be very small and easy to transfer to different devices.
Many believe that the idea behind Midori is to create a lightweight portable operating system that can easily be mated to many different applications.
Michael Silver, research vice president at Gartner, said that the development of Midori was a sensible step for Microsoft.
"The value of Microsoft Windows, of what that product is today, will diminish as more applications move to the web and Microsoft needs to edge out in front of that. I would be surprised if there was definitive evidence that nothing like this was not kicking around," he said.
He further said that the big problem that Microsoft faced in doing away with Windows was how to re-make its business to cope.
"Eighty percent of Windows sales are made when a new PC is sold. That's a huge amount of money for them that they do not have to go out and get. If Windows ends up being less important over time as applications become more OS agnostic where will Microsoft make its money?" he said.
VIA:E.T
LONDON: Microsoft has started a new research project, Midori, to develop a software program that will help uncouple Windows from a single PC.
The company has revealed that a decision to develop Midori was taken because Windows is unlikely to be able to cope with the pace of change in future technology, and the way people use it.
"If you think about how an operating system is loaded, it's loaded onto a hard disk physically located on that machine. The operating system is tied very tightly to that hardware," the BBC quoted Dave Austin, European director of products at Citrix, as saying.
He said that that created all kinds of dependencies that arose out of the collection of hardware in a particular machine, and raised concerns for Microsoft's business in case Windows ends up being less important over time as applications become more OS agnostic.
A statement issued by Microsoft describes Midori as an ambitious attempt by Microsoft to catch up on the work on virtualisation being undertaken in the wider computer industry.
Virtualising generally signifies creating a software copy of a computer complete with operating system and associated programs.
It allows a reduction in the numbers of machines one needs to manage, and easy shifting to another machine in case one physical server fails.
A virtual machine on a PC also enables very old applications, which existing operating systems would not run, to keep going.
Many virtual machines these days are tuned for a particular industry, sector or job.
"People take their application, the operating system they want to run it against, package it up along with policy and security they want and use that as a virtual client," said Dan Chu, vice president of emerging products and markets at virtualisation specialist VMWare.
In such virtual machines, the core of the operating system can be very small and easy to transfer to different devices.
Many believe that the idea behind Midori is to create a lightweight portable operating system that can easily be mated to many different applications.
Michael Silver, research vice president at Gartner, said that the development of Midori was a sensible step for Microsoft.
"The value of Microsoft Windows, of what that product is today, will diminish as more applications move to the web and Microsoft needs to edge out in front of that. I would be surprised if there was definitive evidence that nothing like this was not kicking around," he said.
He further said that the big problem that Microsoft faced in doing away with Windows was how to re-make its business to cope.
"Eighty percent of Windows sales are made when a new PC is sold. That's a huge amount of money for them that they do not have to go out and get. If Windows ends up being less important over time as applications become more OS agnostic where will Microsoft make its money?" he said.
VIA:E.T
Sesa Goa slumps on possible government intervention
Sesa Goa declined 6.08% to Rs 3332 at 15:29 IST on BSE on reports the government may ask iron ore miners to sell the iron ore to steel makers through long-term contracts instead of selling for immediate delivery to help contain inflation.
The stock hit a high of Rs 3560 and a low of Rs 3300 so far during the day. The stock had hit 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 5.
The current price of Rs 3332 discounts its Q1 June 2008 annualised EPS of Rs 655.20, by a PE multiple of 5.09.
According to reports, the Centre is considering a proposal to bring iron ore under price control in an attempt to check steel prices. In a move aimed at checking volatility in the spot market, the government is planning to make it mandatory for miners to sign long-term supply contracts with steel companies instead of selling at high spot prices.
Reports suggested that iron ore is the basic raw material for producing steel and accounts for almost 25% of the cost of steel-making. Any increase in ore prices affects the cost structure of steel companies and generally leads to higher steel prices. Higher ore prices, coupled with a 200% increase in coking coal prices are among the reasons cited by steel manufacturers to raise steel prices.
Sesa Goa reported 442.4% surge in net profit to Rs 644.72 on 180.3% increase in net sales to Rs 1273.04 crore in Q1 June 2008 over Q1 June 2007.
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 stock hit a high of Rs 3560 and a low of Rs 3300 so far during the day. The stock had hit 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 5.
The current price of Rs 3332 discounts its Q1 June 2008 annualised EPS of Rs 655.20, by a PE multiple of 5.09.
According to reports, the Centre is considering a proposal to bring iron ore under price control in an attempt to check steel prices. In a move aimed at checking volatility in the spot market, the government is planning to make it mandatory for miners to sign long-term supply contracts with steel companies instead of selling at high spot prices.
Reports suggested that iron ore is the basic raw material for producing steel and accounts for almost 25% of the cost of steel-making. Any increase in ore prices affects the cost structure of steel companies and generally leads to higher steel prices. Higher ore prices, coupled with a 200% increase in coking coal prices are among the reasons cited by steel manufacturers to raise steel prices.
Sesa Goa reported 442.4% surge in net profit to Rs 644.72 on 180.3% increase in net sales to Rs 1273.04 crore in Q1 June 2008 over Q1 June 2007.
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.
Sundaram Finance setting record date for bonus issue
Sundaram Finance gained 3.47% to Rs 580.65 at 14:06 IST on BSE after the company fixed 25 August 2008 as the record date for 1:1 bonus issue.
The company made this announcement during trading hours on Tuesday, 5 August 2008.
The stock hit a high of Rs 585 and a low of Rs 572.05 so far during the day. The stock had hit a 52-week high of Rs 914.80 on 3 January 2008 and a 52-week low of Rs 415.50 on 24 August 2007.
The company’s current equity is Rs 27.78 crore. Face value per share is Rs 10.
The current price of Rs 580.65 discounts its Q1 June 2008 annualized EPS of Rs 53.68, by a PE multiple of 10.82.
Sundaram Finance’s net profit rose 59.1% to Rs 37.28 crore on 29.3% growth in net sales to RS 248.01 crore in Q1 June 2008 over Q1 June 2007.
Sundaram Finance is engaged in providing financial services. The activities of the group span savings products like deposits and mutual funds, car and commercial vehicle finance, insurance, home loans, software solutions, business process outsourcing, tyre finance, fleet cards and logistics services.
The company made this announcement during trading hours on Tuesday, 5 August 2008.
The stock hit a high of Rs 585 and a low of Rs 572.05 so far during the day. The stock had hit a 52-week high of Rs 914.80 on 3 January 2008 and a 52-week low of Rs 415.50 on 24 August 2007.
The company’s current equity is Rs 27.78 crore. Face value per share is Rs 10.
The current price of Rs 580.65 discounts its Q1 June 2008 annualized EPS of Rs 53.68, by a PE multiple of 10.82.
Sundaram Finance’s net profit rose 59.1% to Rs 37.28 crore on 29.3% growth in net sales to RS 248.01 crore in Q1 June 2008 over Q1 June 2007.
Sundaram Finance is engaged in providing financial services. The activities of the group span savings products like deposits and mutual funds, car and commercial vehicle finance, insurance, home loans, software solutions, business process outsourcing, tyre finance, fleet cards and logistics services.
IOL Netcom gallops on fund raising plan
IOL Netcom rose 3.22% to Rs 89.70 at 14:00 IST on BSE on reports the company will raise $20 million via global depositary receipts to fund its Internet Protocol Television roll-out plans.
The stock hit a high of Rs 91.20 and a low of Rs 87.05 so far during the day. The stock had hit a 52-week high of Rs 580 on 8 August 2007 and a 52-week low of Rs 58.20 on 9 July 2008.
The company has an equity capital of Rs 27.37 crore. Face value per share is Rs 10.
As per reports, the company initially planned to raise money through overseas convertible bonds but changed its plan because of delay in obtaining regulatory clearances.
IOL Netcom reported a net loss of Rs 9.68 crore in Q1 June 2008 as against a net profit of Rs 0.12 crore in Q1 June 2007. Sales rose 88.7% to Rs 3 crore in Q1 June 2008 over Q1 June 2007.
IOC Netcom offers provides broadband services and last year commercially launched Internet Protocol Televison services (IPTV) on the broadband networks of state-owned Mahanagar Telephone Nigam (MTNL) and Bharat Sanchar Nigam.
The stock hit a high of Rs 91.20 and a low of Rs 87.05 so far during the day. The stock had hit a 52-week high of Rs 580 on 8 August 2007 and a 52-week low of Rs 58.20 on 9 July 2008.
The company has an equity capital of Rs 27.37 crore. Face value per share is Rs 10.
As per reports, the company initially planned to raise money through overseas convertible bonds but changed its plan because of delay in obtaining regulatory clearances.
IOL Netcom reported a net loss of Rs 9.68 crore in Q1 June 2008 as against a net profit of Rs 0.12 crore in Q1 June 2007. Sales rose 88.7% to Rs 3 crore in Q1 June 2008 over Q1 June 2007.
IOC Netcom offers provides broadband services and last year commercially launched Internet Protocol Televison services (IPTV) on the broadband networks of state-owned Mahanagar Telephone Nigam (MTNL) and Bharat Sanchar Nigam.
Aurobindo Pharma secured new drug approval from USFDA
Aurobindo Pharma rose 0.83% to Rs 305.10 at 12:47 IST on BSE after the company secured final approval from US Food & Drug Administration to manufacture and market Alendronate sodium tablets in multiple strengths.
The company made this announcement during trading hours on Tuesday, 5 August 2008.
The stock hit a high of Rs 314 and a low of Rs 305.05 so far during the day. The stock had hit a 52-week high of Rs 647 on 5 September 2007 and a 52-week low of Rs 233 on 22 January 2008.
The company has an equity capital of Rs 26.88 crore. Face value per share is Rs 5.
The current price of Rs 305.10 discounts its Q1 June 2008 annualised EPS of Rs 29.67, by a PE multiple of 10.28.
Alendronate sodium tablets are used for the treatment of osteoporosis (bone disease). The annual sale of this tablets in US market were around $1982 million for the year ended December 2007.
On 1 August 2008, Aurobindo Pharma received final approval from US Food & Drug Administration (USFDA) for its two abbreviated new drug applications for ceftriaxone injections in multiple strengths.
On 10 June 2008, the company received final approval from the USFDA to manufacture and market zaleplon capsules in 5 and 10-miligram strengths.
Aurobindo Pharma’s net profit fell 31.9% to Rs 39.87 crore on 34.9% increase in net sales to Rs 647.23 crore in Q1 June 2008 over Q1 June 2007.
Aurobindo Pharma is engaged in developing, manufacturing and marketing active pharmaceutical ingredients, intermediates and generic formulations.
The company made this announcement during trading hours on Tuesday, 5 August 2008.
The stock hit a high of Rs 314 and a low of Rs 305.05 so far during the day. The stock had hit a 52-week high of Rs 647 on 5 September 2007 and a 52-week low of Rs 233 on 22 January 2008.
The company has an equity capital of Rs 26.88 crore. Face value per share is Rs 5.
The current price of Rs 305.10 discounts its Q1 June 2008 annualised EPS of Rs 29.67, by a PE multiple of 10.28.
Alendronate sodium tablets are used for the treatment of osteoporosis (bone disease). The annual sale of this tablets in US market were around $1982 million for the year ended December 2007.
On 1 August 2008, Aurobindo Pharma received final approval from US Food & Drug Administration (USFDA) for its two abbreviated new drug applications for ceftriaxone injections in multiple strengths.
On 10 June 2008, the company received final approval from the USFDA to manufacture and market zaleplon capsules in 5 and 10-miligram strengths.
Aurobindo Pharma’s net profit fell 31.9% to Rs 39.87 crore on 34.9% increase in net sales to Rs 647.23 crore in Q1 June 2008 over Q1 June 2007.
Aurobindo Pharma is engaged in developing, manufacturing and marketing active pharmaceutical ingredients, intermediates and generic formulations.
Balaji Telefilms firmly in the picture
Balaji Telefilms gained 5.20% to Rs 187 at 12:20 IST on BSE on reports the company was in talks with a clutch of investors to buy Star group's 25.99% stake in the company.
The stock hit a high of Rs 200 and a low of Rs 178.75 so far during the day. The stock had hit a 52-week high of Rs 388 on 26 November 2007 and a 52-week low of Rs 146.50 on 16 July 2008.
The company has an equity capital of Rs 13.04 crore. Face value per share is Rs 2.
The current price of Rs 187 discounts its Q1 June 2008 annualised EPS of Rs 13.66, by a PE multiple of 13.69.
According to a report, Balaji's stake is owned by Asian Broadcasting FZ-LLC, a Dubai-based affiliate of Star group, and was bought for Rs 123 crore in 2004.
Balaji will float another joint venture company with these investors to launch a bouquet of regional television channels, the report added. Balaji’s move will make it one of Star’s rivals in the regional language television market.
While Star was very close to ending its relationship with Balaji, the formalities were yet to be completed, the report quoted an unnamed official as saying.
On Monday, News Corp chief Rupert Murdoch said the US media conglomerate plans to invest $100 million in six regional language channels in India, where it is a leading broadcaster.
Balaji Telefilms’ net profit rose 20.7% to Rs 22.26 crore on 22.9% increase in net sales to Rs 91.60 crore in Q1 June 2008 over Q1 June 2007.
Balaji Telefilms dominates the television content business. It provides content to most Hindi satellite channels.
The stock hit a high of Rs 200 and a low of Rs 178.75 so far during the day. The stock had hit a 52-week high of Rs 388 on 26 November 2007 and a 52-week low of Rs 146.50 on 16 July 2008.
The company has an equity capital of Rs 13.04 crore. Face value per share is Rs 2.
The current price of Rs 187 discounts its Q1 June 2008 annualised EPS of Rs 13.66, by a PE multiple of 13.69.
According to a report, Balaji's stake is owned by Asian Broadcasting FZ-LLC, a Dubai-based affiliate of Star group, and was bought for Rs 123 crore in 2004.
Balaji will float another joint venture company with these investors to launch a bouquet of regional television channels, the report added. Balaji’s move will make it one of Star’s rivals in the regional language television market.
While Star was very close to ending its relationship with Balaji, the formalities were yet to be completed, the report quoted an unnamed official as saying.
On Monday, News Corp chief Rupert Murdoch said the US media conglomerate plans to invest $100 million in six regional language channels in India, where it is a leading broadcaster.
Balaji Telefilms’ net profit rose 20.7% to Rs 22.26 crore on 22.9% increase in net sales to Rs 91.60 crore in Q1 June 2008 over Q1 June 2007.
Balaji Telefilms dominates the television content business. It provides content to most Hindi satellite channels.
Thermax extends gain
Thermax rose 4.18% to Rs 470 at 11:18 IST on BSE, extending previous day's gain after the company bagged an order worth Rs 415 crore for setting up a captive power plant for a leading steel making company.
The company made this announcement during trading hours on Monday, 4 August 2008. On Monday, the stock ended 3.33% higher at Rs 451.15.
The stock hit a high of Rs 474.95 and a low of Rs 454.90 so far during the day. The stock had hit 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 470 discounts its Q1 June 2008 annualised EPS of Rs 19.33, by a PE multiple of 24.31.
In July 2008, the company bagged an order worth Rs 820 crore from a major refiner to supply pulverized coal fired boilers for its captive cogeneration plant.
In May 2008, Thermax’s boiler & heater business unit received an export order worth 14.2 million euro for supply of heat recovery steam generator to an oil company in Europe.
Thermax’s net profit rose 13.7% to Rs 63.71 crore on 7.6% increase in net sales to Rs 716.97 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.
The company made this announcement during trading hours on Monday, 4 August 2008. On Monday, the stock ended 3.33% higher at Rs 451.15.
The stock hit a high of Rs 474.95 and a low of Rs 454.90 so far during the day. The stock had hit 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 470 discounts its Q1 June 2008 annualised EPS of Rs 19.33, by a PE multiple of 24.31.
In July 2008, the company bagged an order worth Rs 820 crore from a major refiner to supply pulverized coal fired boilers for its captive cogeneration plant.
In May 2008, Thermax’s boiler & heater business unit received an export order worth 14.2 million euro for supply of heat recovery steam generator to an oil company in Europe.
Thermax’s net profit rose 13.7% to Rs 63.71 crore on 7.6% increase in net sales to Rs 716.97 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures and distributes industrial equipment. The group operates in two segments, energy and environment.
Shiv Vani Oil secured a contract worth Rs 1610 crore from ONGC
Shiv Vani Oil & Gas Exploration Services jumped 3.68% to Rs 561.80 at 10:53 IST on BSE after the company secured a contract worth Rs 1610 crore from Oil & Natural Gas Corporation to deploy eight onshore deep drilling rigs.
The stock hit a high of Rs 584.90 and a low of Rs 551 so far during the day. The stock had hit a 52-week high of Rs 739.95 on 17 January 2008 and a 52-week low of Rs 300 on 16 August 2007.
The company has an equity capital of Rs 43.91 crore. Face value per share is Rs 10.
The current price of Rs 561.80 discounts its Q1 June 2008 annualised EPS of Rs 19.33, by a PE multiple of 29.06.
The rigs have been chartered for three years, with a mobilisation period of seven months for deployment. With this contract, the company’s order backlog reached Rs 4500 crore, the drilling services firm said in a statement.
Shiv Vani Oil & Gas Exploration Services’ net profit surged 115.9% to Rs 21.22 crore on 118.4% growth in net sales to Rs 142.26 crore in Q1 June 2008 over Q1 June 2007.
Shiv Vani Oil is the largest seismic data operator in India. The company is also the largest operator of land breaks.
The stock hit a high of Rs 584.90 and a low of Rs 551 so far during the day. The stock had hit a 52-week high of Rs 739.95 on 17 January 2008 and a 52-week low of Rs 300 on 16 August 2007.
The company has an equity capital of Rs 43.91 crore. Face value per share is Rs 10.
The current price of Rs 561.80 discounts its Q1 June 2008 annualised EPS of Rs 19.33, by a PE multiple of 29.06.
The rigs have been chartered for three years, with a mobilisation period of seven months for deployment. With this contract, the company’s order backlog reached Rs 4500 crore, the drilling services firm said in a statement.
Shiv Vani Oil & Gas Exploration Services’ net profit surged 115.9% to Rs 21.22 crore on 118.4% growth in net sales to Rs 142.26 crore in Q1 June 2008 over Q1 June 2007.
Shiv Vani Oil is the largest seismic data operator in India. The company is also the largest operator of land breaks.
NALCO strengthens
National Aluminium Company rose 0.99% to Rs 432.85 at 10:31 IST on BSE on reports the company has resumed normal production at its alumina refinery that was hit by a coal shortage last week.
The stock hit a high of Rs 434.90 and a low of Rs 426 so far during the day. The stock had hit a 52-week high of Rs 565.90 on 29 May 2008 and a 52-week low of Rs 237.50 on 16 August 2007.
The company has an equity capital of Rs 644.31 crore. Face value per share is Rs 10.
The current price of Rs 432.85 discounts its Q1 June 2008 annualised EPS of Rs 32.61, by a PE multiple of 13.27.
Output at the alumina refinery at Damanjodi in the eastern state of Orissa fell by half last week and the company had said the unit would be shut if coal supplies did not improve in a few days.
National Aluminium Company (Nalco)’s net profit rose 17.6% to Rs 525.33 crore on 25.9% increase in net sales to Rs 1467.49 crore in Q1 June 2008 over Q1 June 2007.
Nalco manufactures and distributes aluminum products. Government of India holds 87.15% stake in the company.
The stock hit a high of Rs 434.90 and a low of Rs 426 so far during the day. The stock had hit a 52-week high of Rs 565.90 on 29 May 2008 and a 52-week low of Rs 237.50 on 16 August 2007.
The company has an equity capital of Rs 644.31 crore. Face value per share is Rs 10.
The current price of Rs 432.85 discounts its Q1 June 2008 annualised EPS of Rs 32.61, by a PE multiple of 13.27.
Output at the alumina refinery at Damanjodi in the eastern state of Orissa fell by half last week and the company had said the unit would be shut if coal supplies did not improve in a few days.
National Aluminium Company (Nalco)’s net profit rose 17.6% to Rs 525.33 crore on 25.9% increase in net sales to Rs 1467.49 crore in Q1 June 2008 over Q1 June 2007.
Nalco manufactures and distributes aluminum products. Government of India holds 87.15% stake in the company.
Banking shares surge -5th Aug-08
Banking shares advanced on fresh buying in anticipation that a sharp decline in crude oil prices may ease inflationary pressures.
Meanwhile, BSE Sensex was up 383.20 points or 2.63% to 14,961.07.
The BSE Bankex was up 483.52 points or 7.14% at 7,251.13. IDBI Bank (up 9.45% to Rs 89.20), ICICI Bank (up 8.99% to Rs 698.05), Axis Bank (up 8.35% to Rs 765), Bank of Baroda (up 7.62% to Rs 299.50), Canara Bank (up 7.21% to Rs 214.15) HDFC Bank (up 6.98% to Rs 1186.05), Indus Ind Bank (up 6.78% to Rs 64.60), Union Bank (up 6.69% to Rs 150), Kotak Bank (up 6.22% to Rs 589) and Karnataka Bank (up 50.91% to Rs 142.40), surged.
The BSE Bankex outperformed the market over the past one month till 4 August 2008, rising 16.27% compared to the Sensex’s rise of 8.35%. It had, however, underperformed the market in the past one quarter, declining 25.54% compared to Sensex’s decline of 16.09%.
Crude Oil touched a low of $118 per barrel on the NYMEX on Tuesday, 5 August 2008, its lowest level since 5 May 2008.
Meanwhile, BSE Sensex was up 383.20 points or 2.63% to 14,961.07.
The BSE Bankex was up 483.52 points or 7.14% at 7,251.13. IDBI Bank (up 9.45% to Rs 89.20), ICICI Bank (up 8.99% to Rs 698.05), Axis Bank (up 8.35% to Rs 765), Bank of Baroda (up 7.62% to Rs 299.50), Canara Bank (up 7.21% to Rs 214.15) HDFC Bank (up 6.98% to Rs 1186.05), Indus Ind Bank (up 6.78% to Rs 64.60), Union Bank (up 6.69% to Rs 150), Kotak Bank (up 6.22% to Rs 589) and Karnataka Bank (up 50.91% to Rs 142.40), surged.
The BSE Bankex outperformed the market over the past one month till 4 August 2008, rising 16.27% compared to the Sensex’s rise of 8.35%. It had, however, underperformed the market in the past one quarter, declining 25.54% compared to Sensex’s decline of 16.09%.
Crude Oil touched a low of $118 per barrel on the NYMEX on Tuesday, 5 August 2008, its lowest level since 5 May 2008.
Monday, August 4, 2008
Action Construction speeds up after a Chinese acquisition
Action Construction Equipment soared 10.21% to Rs 81.50 at 15:20 IST on BSE after the company said it has signed a deal to buy a Chinese company.
No further details were discosed.
The company made this announcement during trading hours today, 4 August 2008.
The stock hit a high of Rs 87.50 and a low of Rs 69.55 so far during the day. The stock had hit a 52-week high of Rs 134 on 7 January 2008 and a 52-week low of Rs 52 on 1 July 2008.
The company has an equity capital of Rs 17.98 crore. Face value per share is Rs 2.
The current price of Rs 81.50 discounts its Q1 June 2008 annualised EPS of Rs 5.46, by a PE multiple of 14.93.
Action Construction Equipment’s net profit rose 62.1% to Rs 12.27 crore on 67% increase in net sales to Rs 137.29 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and selling cranes. The products include hydraulic mobile cranes, tower cranes, loader and other construction equipment.
No further details were discosed.
The company made this announcement during trading hours today, 4 August 2008.
The stock hit a high of Rs 87.50 and a low of Rs 69.55 so far during the day. The stock had hit a 52-week high of Rs 134 on 7 January 2008 and a 52-week low of Rs 52 on 1 July 2008.
The company has an equity capital of Rs 17.98 crore. Face value per share is Rs 2.
The current price of Rs 81.50 discounts its Q1 June 2008 annualised EPS of Rs 5.46, by a PE multiple of 14.93.
Action Construction Equipment’s net profit rose 62.1% to Rs 12.27 crore on 67% increase in net sales to Rs 137.29 crore in Q1 June 2008 over Q1 June 2007.
The company is engaged in manufacturing and selling cranes. The products include hydraulic mobile cranes, tower cranes, loader and other construction equipment.
GEI Industrial Systems strong Q1 show
GEI Industrial Systems spurted 5.74% to Rs 70 at 15:09 IST on BSE after the company reported 77.1% surge in net profit to Rs 2.71 crore on a 32.5% rise in sales to Rs 36.62 crore in Q1 June 2008 over Q1 June 2007.
The stock hit a high of Rs 71.95 and a low of Rs 65.25 so far during the day. The stock had hit a 52-week high of Rs 152 on 3 January 2008 and a 52-week low of Rs 53 on 3 July 2008.
From a recent low of Rs 61.30 on 30 July 2008 the stock rose 7.99% to Rs 66.20 on 1 August 2008.
The company has an equity capital of Rs 14.27 crore. Face value per share is Rs 10.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.
The stock hit a high of Rs 71.95 and a low of Rs 65.25 so far during the day. The stock had hit a 52-week high of Rs 152 on 3 January 2008 and a 52-week low of Rs 53 on 3 July 2008.
From a recent low of Rs 61.30 on 30 July 2008 the stock rose 7.99% to Rs 66.20 on 1 August 2008.
The company has an equity capital of Rs 14.27 crore. Face value per share is Rs 10.
The company is engaged in manufacturing air-cooled heat exchanger and fin tubes. It provides innovative engineering systems and solutions. The products include air cooled heat exchangers, air cooled steam condensers, plant thermal equipments, water cooling modules and air blast oil coolers, radiators for gas and diesel engines, inter and after coolers for compressors, modular oil coolers for large transformers, coolers for motors and generators and finned tubes.
Essar Oil soars on reports of Tehran tie-up
Essar Oil spurted 6.19% to Rs 211 at 12:28 IST on BSE on reports the company is in talks to sell petrol to Iran and has signed its first-ever term contract with Tehran to import 1.6 million barrels of crude oil every month.
The stock hit a high of Rs 214.25 and a low of Rs 193.70 so far during the day. The stock had a 52-week high of Rs 360 on 3 January 2008 and a 52-week low of Rs 47.80 on 6 August 2007.
From a recent low of Rs 182.65 on 29 July 2008 the stock rose 8.78% to Rs 198.70 on 1 August 2008.
The company has an equity capital of Rs 1263.45 crore. Face value per share is Rs 10.
Essar Oil reported a net profit of Rs 29.93 crore in Q1 June 2008 as against a net loss of Rs 5.67 crore in Q1 June 2007. Sales surged 4578% to Rs 8950.47 crore in Q1 June 2008 over Q1 June 2007.
Essar Oil has three main divisions -- energy, offshore exploration and petroleum products. Its offshore division undertakes construction related to the oil industry for extraction of oil and/or gas reserves.
The stock hit a high of Rs 214.25 and a low of Rs 193.70 so far during the day. The stock had a 52-week high of Rs 360 on 3 January 2008 and a 52-week low of Rs 47.80 on 6 August 2007.
From a recent low of Rs 182.65 on 29 July 2008 the stock rose 8.78% to Rs 198.70 on 1 August 2008.
The company has an equity capital of Rs 1263.45 crore. Face value per share is Rs 10.
Essar Oil reported a net profit of Rs 29.93 crore in Q1 June 2008 as against a net loss of Rs 5.67 crore in Q1 June 2007. Sales surged 4578% to Rs 8950.47 crore in Q1 June 2008 over Q1 June 2007.
Essar Oil has three main divisions -- energy, offshore exploration and petroleum products. Its offshore division undertakes construction related to the oil industry for extraction of oil and/or gas reserves.
Indian Hume Pipe's expansion plan
Indian Hume Pipe Company was locked at upper limit of 5% at Rs 605.90 at 11:59 IST on BSE after the firm said it will set up three plants in the state of Andhra Pradesh for manufacturing more pipes to meet the current requirements.
The company made this announcement on Saturday, 2 August 2008.
The stock hit a high of Rs 605.90 and a low of Rs 605.90 so far during the day. The stock had a 52-week high of Rs 1470.50 on 8 January 2008 and a 52-week low of Rs 355 on 6 August 2007.
The company has an equity capital of Rs 4.85 crore. Face value per share is Rs 1.
The current price of Rs 605.90 discounts its Q1 June 2008 annualised EPS of Rs 41.90, by a PE multiple of 14.46.
The total capital outlay for setting up three plants is about Rs 20 crore. The company’s order book stand at Rs 1256 crore as against Rs 592 crore in last year.
Indian Hume Pipe Company’s net profit rose 387.5% to Rs 5.07 on 95.2% increase in net sales to Rs 132.82 crore in Q1 June 2008 over Q1 June 2007.
The company’s principle activity is to manufacture laying and joining of pipelines of various pipe materials. It also undertakes infrastructure development programmes on turnkey basis. The products include RCC pipes, steel pipes, prestressed concrete pipes, penstock pipes bar wrapped steel cylinder pipes, prestressed concrete cylinder pipes and others.
The company made this announcement on Saturday, 2 August 2008.
The stock hit a high of Rs 605.90 and a low of Rs 605.90 so far during the day. The stock had a 52-week high of Rs 1470.50 on 8 January 2008 and a 52-week low of Rs 355 on 6 August 2007.
The company has an equity capital of Rs 4.85 crore. Face value per share is Rs 1.
The current price of Rs 605.90 discounts its Q1 June 2008 annualised EPS of Rs 41.90, by a PE multiple of 14.46.
The total capital outlay for setting up three plants is about Rs 20 crore. The company’s order book stand at Rs 1256 crore as against Rs 592 crore in last year.
Indian Hume Pipe Company’s net profit rose 387.5% to Rs 5.07 on 95.2% increase in net sales to Rs 132.82 crore in Q1 June 2008 over Q1 June 2007.
The company’s principle activity is to manufacture laying and joining of pipelines of various pipe materials. It also undertakes infrastructure development programmes on turnkey basis. The products include RCC pipes, steel pipes, prestressed concrete pipes, penstock pipes bar wrapped steel cylinder pipes, prestressed concrete cylinder pipes and others.
FDC spurts on buy back plan
FDC advanced 11.42% to Rs 37.55 at 11:14 IST on BSE after the company said its board will meet on 12 August 2008 to consider buy back of equity shares.
The company made this announcement during trading hours today, 4 August 2008.
The stock hit a high of Rs 38.30 and a low of Rs 33.75 so far during the day. The stock had a 52-week high of Rs 53.60 on 3 January 2008 and a 52-week low of Rs 23.25 on 24 March 2008.
The company has an equity capital of Rs 19.14 crore. Face value per share is Rs 1.
The current price of Rs 37.55 discounts its Q1 June 2008 annualised EPS of Rs 7.25, by a PE multiple of 5.18.
In July 2008, FDC received approval from the US Food and Drug Administration (USFDA) for ciprofloxacin ophthalmic solution.
In May 2008, FDC received USFDA approval for its abbreviated new drug application for Timolol Maleate ophthalmic solution.
FDC’s net profit surged 53.3% to Rs 34.70 crore on 11.9% increase in net sales to Rs 159.29 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures electral, oral rehydration salt (ORS). It also manufactures bulk drugs, formulations and food products.
The company made this announcement during trading hours today, 4 August 2008.
The stock hit a high of Rs 38.30 and a low of Rs 33.75 so far during the day. The stock had a 52-week high of Rs 53.60 on 3 January 2008 and a 52-week low of Rs 23.25 on 24 March 2008.
The company has an equity capital of Rs 19.14 crore. Face value per share is Rs 1.
The current price of Rs 37.55 discounts its Q1 June 2008 annualised EPS of Rs 7.25, by a PE multiple of 5.18.
In July 2008, FDC received approval from the US Food and Drug Administration (USFDA) for ciprofloxacin ophthalmic solution.
In May 2008, FDC received USFDA approval for its abbreviated new drug application for Timolol Maleate ophthalmic solution.
FDC’s net profit surged 53.3% to Rs 34.70 crore on 11.9% increase in net sales to Rs 159.29 crore in Q1 June 2008 over Q1 June 2007.
The company manufactures electral, oral rehydration salt (ORS). It also manufactures bulk drugs, formulations and food products.
Zylog Systems good Q1 show
Zylog Systems declined 1.97% to Rs 285.95 at 10:50 IST on BSE even as the company posted 38.69% rise in net profit to Rs 25.47 crore on a 12.37% growth in total income to Rs 184.33 crore in Q1 June 2008 over Q4 March 2008.
The company announced the results on Saturday, 2 August 2008.
The stock hit a high of Rs 296 and a low of Rs 284.50 so far during the day. The stock had a 52-week high of Rs 525 on 17 August 2007 and a 52-week low of Rs 159.35 on 24 March 2008.
From a recent low of Rs 281.65 on 29 July 2008 the stock rose 3.57% to Rs 291.70 on 1 August 2008. The stock declined 2.08% to Rs 291.70 on 1 August 2008.
The company has an equity capital of Rs 16.45 crore. Face value per share is Rs 10.
The current price of Rs 285.95 discounts its Q4 March 2008 annualised EPS of Rs 44.64, by a PE multiple of 6.41.
Zylog Systems’ net profit rose 30.9% to Rs 25.47 crore on 34.7% increase in net sales to Rs 177.54 crore in Q1 June 2008 over Q1 June 2007.
Zylog Systems is a global IT solutions and services provider delivering technology- driven business solutions.
The company announced the results on Saturday, 2 August 2008.
The stock hit a high of Rs 296 and a low of Rs 284.50 so far during the day. The stock had a 52-week high of Rs 525 on 17 August 2007 and a 52-week low of Rs 159.35 on 24 March 2008.
From a recent low of Rs 281.65 on 29 July 2008 the stock rose 3.57% to Rs 291.70 on 1 August 2008. The stock declined 2.08% to Rs 291.70 on 1 August 2008.
The company has an equity capital of Rs 16.45 crore. Face value per share is Rs 10.
The current price of Rs 285.95 discounts its Q4 March 2008 annualised EPS of Rs 44.64, by a PE multiple of 6.41.
Zylog Systems’ net profit rose 30.9% to Rs 25.47 crore on 34.7% increase in net sales to Rs 177.54 crore in Q1 June 2008 over Q1 June 2007.
Zylog Systems is a global IT solutions and services provider delivering technology- driven business solutions.
Post-Market Commentary. Monday, August 04, 2008
Sensex ends down 79pts; TCS, Reliance drag
The Sensex opened 62 points lower at 14,595 amid subdued cues from the global markets. The index rebounded and moved up to a high of 14,726 before slipping back into the negative zone to a low of 14,504 - down 222 points from the day's high.
The index gyrated between zones for most part of the trading day today and finally ended with a loss of 79 points at 14,578.
The market breadth was extremely positive - out of 2,719 stocks traded, 1,845 advanced, and 806 declined today.
The NSE Nifty moved in a range of 73 points before settling with a loss of 18 points at 4,395.
INDEX MOVERS...
Grasim surged over 3% to Rs 1,895. Ranbaxy moved up 2.8% to Rs 524.
Jaiprakash Associates gained 2.4% at Rs 175, and Maruti rallied 2% to Rs 572.
Tata Steel and ACC advanced 1.6% each to Rs 692 and Rs 586, respectively.
Satyam, Hindalco and Infosys were up around 1% each at Rs 396, Rs 142 and Rs 1,656, respectively.
...AND THE SHAKERS
TCS dropped 2.7% to Rs 816. Reliance and BHEL shed almost 2.5% each at Rs 2,243 and Rs 1,714, respectively.
ONGC slipped 1.5% to Rs 982. Sterlite, Larsen & Toubro and Mahindra & Mahindra declined 1.3% each to Rs 624, Rs 2,657 and Rs 517, respectively.
HDFC and DLF were down over 1% each at Rs 2,373 and Rs 514, respectively.
VALUE & VOLUME TOPPERS
Reliance Natural Resources topped the value chart with a turnover of Rs 469 crore followed by Reliance Capital (Rs 271.50 crore), Reliance (Rs 233 crore), Essar Oil (Rs 220 crore) and Reliance Petroleum (Rs 177.75 crore).
Reliance Natural Resources also led the volume chart with trades of around 4.50 crore shares followed by Ispat Industries (2.86 crore), IFCI (1.95 crore), Bellary Steels (1.15 crore) and Kashyap Technologies (1.11 crore).
The Sensex opened 62 points lower at 14,595 amid subdued cues from the global markets. The index rebounded and moved up to a high of 14,726 before slipping back into the negative zone to a low of 14,504 - down 222 points from the day's high.
The index gyrated between zones for most part of the trading day today and finally ended with a loss of 79 points at 14,578.
The market breadth was extremely positive - out of 2,719 stocks traded, 1,845 advanced, and 806 declined today.
The NSE Nifty moved in a range of 73 points before settling with a loss of 18 points at 4,395.
INDEX MOVERS...
Grasim surged over 3% to Rs 1,895. Ranbaxy moved up 2.8% to Rs 524.
Jaiprakash Associates gained 2.4% at Rs 175, and Maruti rallied 2% to Rs 572.
Tata Steel and ACC advanced 1.6% each to Rs 692 and Rs 586, respectively.
Satyam, Hindalco and Infosys were up around 1% each at Rs 396, Rs 142 and Rs 1,656, respectively.
...AND THE SHAKERS
TCS dropped 2.7% to Rs 816. Reliance and BHEL shed almost 2.5% each at Rs 2,243 and Rs 1,714, respectively.
ONGC slipped 1.5% to Rs 982. Sterlite, Larsen & Toubro and Mahindra & Mahindra declined 1.3% each to Rs 624, Rs 2,657 and Rs 517, respectively.
HDFC and DLF were down over 1% each at Rs 2,373 and Rs 514, respectively.
VALUE & VOLUME TOPPERS
Reliance Natural Resources topped the value chart with a turnover of Rs 469 crore followed by Reliance Capital (Rs 271.50 crore), Reliance (Rs 233 crore), Essar Oil (Rs 220 crore) and Reliance Petroleum (Rs 177.75 crore).
Reliance Natural Resources also led the volume chart with trades of around 4.50 crore shares followed by Ispat Industries (2.86 crore), IFCI (1.95 crore), Bellary Steels (1.15 crore) and Kashyap Technologies (1.11 crore).
Friday, August 1, 2008
POST-Market Commentary. Friday, August 01, 2008
Market continues uptrend; PSU banks rally
The market extended a recovery witnessed recently, with the Sensex surging 865.15 points in the last three trading sessions. The market, which had opened weak on subdued global cues completely changed the course, ending near the day's high today. The rally gathered steam in late trade after United Nations nuclear watchdog chief Mohamed ElBaradei today said a basic inspection plan for India met all safeguards standards. Members of International Atomic Energy Agency's (IAEA) board of governors will be voting on the India-specific nuclear safeguard agreement, a key step in operationalisation of the Indo-US nuclear deal.
Index heavyweight Reliance Industries surged. Oil & gas, capital goods, power stocks gained. Jaipraksh Associates gained more than 8.5%. State Bank of India and HDFC jumped more than 5.5% each. Bharat Heavy Electricals and Reliance Infrastructure surged more than 4.5% each.
Reliance Communications (RCom) dipped more than 12% on disappointing Q1 results. The market breadth turned positive from earlier weak breadth.
Telecom minister A Raja today said the government will hold a global auction for high-speed third-generation (3G) mobile services and have five operators initially. India has 60 MHz of 3G spectrum available, and will allow both GSM and CDMA 3G services, he said.
BSE Sensex jumped 300.94 points or 2.1% at 14,656.69.
S&P CNX Nifty was up 80.6 points or 1.86% at 4,413.55.
As per the provisional figures on BSE, the foreign institutional investors sold shares worth Rs 587.28 crore and domestic funds bought shares worth Rs 396.34 crore today.(i.e: 1st August-08)
The market extended a recovery witnessed recently, with the Sensex surging 865.15 points in the last three trading sessions. The market, which had opened weak on subdued global cues completely changed the course, ending near the day's high today. The rally gathered steam in late trade after United Nations nuclear watchdog chief Mohamed ElBaradei today said a basic inspection plan for India met all safeguards standards. Members of International Atomic Energy Agency's (IAEA) board of governors will be voting on the India-specific nuclear safeguard agreement, a key step in operationalisation of the Indo-US nuclear deal.
Index heavyweight Reliance Industries surged. Oil & gas, capital goods, power stocks gained. Jaipraksh Associates gained more than 8.5%. State Bank of India and HDFC jumped more than 5.5% each. Bharat Heavy Electricals and Reliance Infrastructure surged more than 4.5% each.
Reliance Communications (RCom) dipped more than 12% on disappointing Q1 results. The market breadth turned positive from earlier weak breadth.
Telecom minister A Raja today said the government will hold a global auction for high-speed third-generation (3G) mobile services and have five operators initially. India has 60 MHz of 3G spectrum available, and will allow both GSM and CDMA 3G services, he said.
BSE Sensex jumped 300.94 points or 2.1% at 14,656.69.
S&P CNX Nifty was up 80.6 points or 1.86% at 4,413.55.
As per the provisional figures on BSE, the foreign institutional investors sold shares worth Rs 587.28 crore and domestic funds bought shares worth Rs 396.34 crore today.(i.e: 1st August-08)
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