http://economictimes.indiatimes.com/
Reliance Power IPO raises buzz in stock market circuit
Future Capital IPO subscribed 2.38 times
34 IPOs to hit market in H1 to raise $14,171 mn
-----------------------------------------------------
Recession fears hit crude prices
Copper volatile as investors hedge
Alternate investments turn attractive
SEBI readies REIT for investors
Maharaja to launch IPO in 2009
Tata Nano a hit with middle class at pre-launch
DLF, Hilton plan first branded residential hotel in Goa
'RBI willing, interest rates will fall by up to 0.5%'
Private insurers outrun LIC agents
IIM-A gears up for laterals next week
Options available for investors in MFs
Technical speak on Nifty
Stocks you can buy
Heard on the street
Century's high on Worli property buzz It was just the fillip that Century Textiles' shareholders were waiting for. The scrip, after falling 7% this week and rising only about 5% in the course of the past month — at a time when the Sensex is scaling new highs everyday, — was in action on Friday on the buzz that the company has procured all permissions required for the development of its Worli property and will start work on it soon. The share rose around 4% on Friday to Rs 1,196. In the past year, Century has more than doubled its share price from Rs 450. Sources say that the labour commissioner has already forwarded its final approval note to labour minister at Sachivalaya, which means that all permissions needed for its land development plans have been obtained.
For broking houses, everything is a ‘buy’ ‘Never Say Die’ appears to be the mantra of brokerages, which have raised their price targets in mid- and small-cap space in the face of weakness across this segment. To name a few, Rajesh Exports has a new target of Rs 1,562, while current market price (CMP) is Rs 882. Similarly, Prakash Industries, whose CMP is Rs 329, has a steep target of Rs 520. Sintex has a price target of Rs 1,030 with a CMP of Rs 560. While Shri Lakshmi Cotsyn, which has a CMP of Rs 165, has a target of Rs 240. Some of the large-caps have also not been kept out of this.
The most interesting among the lot is CLSA which has given a price target of about Rs 3,400, but at the same time, come out with a Blue-Sky estimate for Reliance at Rs 5,300, terming it as a target in a bull-case scenario. The current market price stands at Rs 3,128. Surprisingly, there are very few ‘sell’ reports to come by in the market.
------------------------------------------------------
Source: www.theeconomictimes.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
12 January 2008
Deadpresident Blog Updates
http://deadpresident.blogspot.com
India Top Picks - Jan 2008
Weekly Watch
Reliance Power IPO
Air India IPO in second half of 2008
Weekly Positional Calls
Future Capital Holdings IPO Analysis
Grey Market - Reliance Power, Future Capital, J Kumar Infra Projects
Axis Bank, Prism Cement, BOI, South Indian Bank
ITC Ltd
Axis Bank, Bharati Shipyard, Infosys, Motilal Oswal, Nitin Fire, Indian Hotels
Stocks you can buy this week
India tops Asia PE sweepstake in 2007
Weekly News - DoT issues LoIs to 9 players
Tata Motors, Infosys
Reliance Power IPO Analysis
Q3 results to dictate trend
Mid-Cap, Small-Cap indices slump
Heavyweights lift Sensex 245 points
Post Market Commentary - Jan 11 2008
RCL, Essar Oil, ICICI Bank January 2008 futures at premium
Aries Agro surprises everyone
----------------------------------------------
Source: Above blog. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
India Top Picks - Jan 2008
Weekly Watch
Reliance Power IPO
Air India IPO in second half of 2008
Weekly Positional Calls
Future Capital Holdings IPO Analysis
Grey Market - Reliance Power, Future Capital, J Kumar Infra Projects
Axis Bank, Prism Cement, BOI, South Indian Bank
ITC Ltd
Axis Bank, Bharati Shipyard, Infosys, Motilal Oswal, Nitin Fire, Indian Hotels
Stocks you can buy this week
India tops Asia PE sweepstake in 2007
Weekly News - DoT issues LoIs to 9 players
Tata Motors, Infosys
Reliance Power IPO Analysis
Q3 results to dictate trend
Mid-Cap, Small-Cap indices slump
Heavyweights lift Sensex 245 points
Post Market Commentary - Jan 11 2008
RCL, Essar Oil, ICICI Bank January 2008 futures at premium
Aries Agro surprises everyone
----------------------------------------------
Source: Above blog. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Weekly Gainers: Rediff.com
http://money.rediff.com/money/jsp/weekly_gainer.jsp
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
HDIL
A
1,139.80
1,321.70
+ 15.96
+
ICICI Bank
A
1,285.35
1,439.90
+ 12.02
+
Axis Bank Ltd.
A
1,056.45
1,167.45
+ 10.51
+
Bank of India
A
380.20
412.75
+ 8.56
+
DLF Ltd.
A
1,112.50
1,196.05
+ 7.51
+
Aditya Birla Nuvo
A
2,224.40
2,379.45
+ 6.97
+
Britannia Ind.
A
1,518.60
1,601.95
+ 5.49
+
Reliance Inds.
A
2,985.85
3,128.15
+ 4.77
+
Suzlon Energy Ltd.
A
2,031.70
2,124.95
+ 4.59
+
RelianceCommu.Ltd
A
760.05
793.50
+ 4.40
+
United Phosphorus
A
382.40
398.00
+ 4.08
--------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Bannari Amman Su
B1
887.05
1,080.00
+ 21.75
+
Sakthi Sugars
B1
92.45
110.90
+ 19.96
+
EID Parry
B1
173.90
200.20
+ 15.12
+
Mahindra Forgings Lt
B1
264.05
299.85
+ 13.56
+
Sujana Towers Ltd.
B1
192.00
211.60
+ 10.21
+
Jai Corp Ltd.
B1
1,139.40
1,252.90
+ 9.96
+
Bajaj Hindustan
B1
305.50
335.15
+ 9.71
+
Richa Knits
B1
45.05
49.25
+ 9.32
+
Geodesic Infor.Syst.
B1
205.20
222.65
+ 8.50
+
REI Agro Ltd.
B1
895.60
969.60
+ 8.26
+
Provogue (India)
B1
1,275.00
1,379.80
+ 8.22
+
Malu Paper Mills
B1
55.15
59.60
+ 8.07
---------------------------------------
Source: www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
HDIL
A
1,139.80
1,321.70
+ 15.96
+
ICICI Bank
A
1,285.35
1,439.90
+ 12.02
+
Axis Bank Ltd.
A
1,056.45
1,167.45
+ 10.51
+
Bank of India
A
380.20
412.75
+ 8.56
+
DLF Ltd.
A
1,112.50
1,196.05
+ 7.51
+
Aditya Birla Nuvo
A
2,224.40
2,379.45
+ 6.97
+
Britannia Ind.
A
1,518.60
1,601.95
+ 5.49
+
Reliance Inds.
A
2,985.85
3,128.15
+ 4.77
+
Suzlon Energy Ltd.
A
2,031.70
2,124.95
+ 4.59
+
RelianceCommu.Ltd
A
760.05
793.50
+ 4.40
+
United Phosphorus
A
382.40
398.00
+ 4.08
--------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Bannari Amman Su
B1
887.05
1,080.00
+ 21.75
+
Sakthi Sugars
B1
92.45
110.90
+ 19.96
+
EID Parry
B1
173.90
200.20
+ 15.12
+
Mahindra Forgings Lt
B1
264.05
299.85
+ 13.56
+
Sujana Towers Ltd.
B1
192.00
211.60
+ 10.21
+
Jai Corp Ltd.
B1
1,139.40
1,252.90
+ 9.96
+
Bajaj Hindustan
B1
305.50
335.15
+ 9.71
+
Richa Knits
B1
45.05
49.25
+ 9.32
+
Geodesic Infor.Syst.
B1
205.20
222.65
+ 8.50
+
REI Agro Ltd.
B1
895.60
969.60
+ 8.26
+
Provogue (India)
B1
1,275.00
1,379.80
+ 8.22
+
Malu Paper Mills
B1
55.15
59.60
+ 8.07
---------------------------------------
Source: www.rediff.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Results: Indian Bank, JP Associates, Sintex, Aban etc
Indian Bank Q3 net up 61% at Rs 307.5 cr
12 Jan, 2008, 1707 hrs IST
Indian Bank today registered 61.44 per cent rise in its net profit of Rs 307.5 crore for the third quarter ended December 31, compared to Rs 190.47 crore for the corresponding period last year. Total income increased 36.31 per cent to Rs 1676 crore for the quarter ended December 31, against Rs 1229.54 crore for the same period last year, the public sector bank said in a filing to the Bombay Stock Exchange. The bank's business is divided into four main areas: retail, agriculture, corporate and commercial financial services, and small and medium-sized enterprises. Shares of the bank dropped 3.22 per cent to Rs 199.95 at the close of Friday's trading on the BSE.
Indian Bank Q3 net jumps 61.44%
----------------------------------------------------------
Geojit’s net rises 4-fold as client base widens
Mumbai, Jan 12
The net profit of Kochi-based Geojit Financial Services Ltd increased more than four times for the third quarter, with profits jumping from Rs 4.6 crore to Rs 18.9 crore. Higher revenue from increased client base and the ... More
----------------------------------------------------------
Jaiprakash Associates net rises 53% in Dec`07 qtr
Jaiprakash Associates announced a 52.94% rise in net profit at Rs 1560 million for the quarter ended December 2007 as compared to Rs 1020 million for the quarter ended December 2006.
Total Income increased 7.63% to Rs 10,020 million for the quarter ended December 2007 from Rs 9,310 million for the quarter ended December 2006. Jaiprakash Associates earlier known as Jaiprakash Industries (JIL) merged with Jaypee Cement (JCL) and got its current name.
Jaiprakash is an acknowledged leader in the construction of river valley and hydro power projects on turnkey basis and has been in business for more than three decades. It is the flagship company of the Jaypee group, which is a well diversified infrastructural industrial group of India with a turnover of over Rs 30,000 million (USD 650 million) that commenced its operations in 1972 as a partnership firm, then known as Jaiprakash Associates. Three decades later, the group has diversified itself into many sectors. The company executed simultaneously 13 hydro power projects spread over 6 states and the neighboring country of Bhutan for the generation of 10,290 MW of power. It has set up a 300 MW power station in Baspa, Himachal Pradesh, which is already in operation producing more than 1,200 million units of clean & green energy annually. It has also set up the 400 MW Vishnuprayag power project in Uttaranchal.
The board of directors last month approved raising funds upto USD 400 million by issue of global depository receipts (GDRs), in terms of the shareholders` approval already accorded.
Shares of the company gained Rs 15.45 , or 3.59% to end at Rs 446.4. The total volume of shares traded was 1,624,732 at the BSE.(Friday).
-------------------------------------------------
Aban Offshore Q3 net zooms 2.29 times
Aban Offshore, India`s biggest offshore drilling entity in the private sector, reported today 2.29 times growth in earnings in the quarter ended December 31 to Rs 477.67 million compared with Rs 207.88 million in the prior year period. Substantial rise in revenues helped the company to post excellent earnings numbers. The company posted earnings per share (EPS) of Rs 12.64 in the quarter ended December 2007.
--------------------------------------------------
Sintex Q3 earnings surge 2.17 times
Leading manufacturer of different plastic moulding and forming products, Sintex Industries announced today a 2.17 times rise in earnings in the quarter ended December 31 to Rs 553.77 million compared with Rs 254.63 million in the prior year period. Substantial rise in revenues couple with improvement in operating margin helped the company to post excellent earnings numbers. The company posted earnings per share (EPS) of Rs 4.78 in the quarter ended December 2007.
--------------------------------------------------
Source: Myiris.com, Economic Times, Indiaearnings.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
12 Jan, 2008, 1707 hrs IST
Indian Bank today registered 61.44 per cent rise in its net profit of Rs 307.5 crore for the third quarter ended December 31, compared to Rs 190.47 crore for the corresponding period last year. Total income increased 36.31 per cent to Rs 1676 crore for the quarter ended December 31, against Rs 1229.54 crore for the same period last year, the public sector bank said in a filing to the Bombay Stock Exchange. The bank's business is divided into four main areas: retail, agriculture, corporate and commercial financial services, and small and medium-sized enterprises. Shares of the bank dropped 3.22 per cent to Rs 199.95 at the close of Friday's trading on the BSE.
Indian Bank Q3 net jumps 61.44%
----------------------------------------------------------
Geojit’s net rises 4-fold as client base widens
Mumbai, Jan 12
The net profit of Kochi-based Geojit Financial Services Ltd increased more than four times for the third quarter, with profits jumping from Rs 4.6 crore to Rs 18.9 crore. Higher revenue from increased client base and the ... More
----------------------------------------------------------
Jaiprakash Associates net rises 53% in Dec`07 qtr
Jaiprakash Associates announced a 52.94% rise in net profit at Rs 1560 million for the quarter ended December 2007 as compared to Rs 1020 million for the quarter ended December 2006.
Total Income increased 7.63% to Rs 10,020 million for the quarter ended December 2007 from Rs 9,310 million for the quarter ended December 2006. Jaiprakash Associates earlier known as Jaiprakash Industries (JIL) merged with Jaypee Cement (JCL) and got its current name.
Jaiprakash is an acknowledged leader in the construction of river valley and hydro power projects on turnkey basis and has been in business for more than three decades. It is the flagship company of the Jaypee group, which is a well diversified infrastructural industrial group of India with a turnover of over Rs 30,000 million (USD 650 million) that commenced its operations in 1972 as a partnership firm, then known as Jaiprakash Associates. Three decades later, the group has diversified itself into many sectors. The company executed simultaneously 13 hydro power projects spread over 6 states and the neighboring country of Bhutan for the generation of 10,290 MW of power. It has set up a 300 MW power station in Baspa, Himachal Pradesh, which is already in operation producing more than 1,200 million units of clean & green energy annually. It has also set up the 400 MW Vishnuprayag power project in Uttaranchal.
The board of directors last month approved raising funds upto USD 400 million by issue of global depository receipts (GDRs), in terms of the shareholders` approval already accorded.
Shares of the company gained Rs 15.45 , or 3.59% to end at Rs 446.4. The total volume of shares traded was 1,624,732 at the BSE.(Friday).
-------------------------------------------------
Aban Offshore Q3 net zooms 2.29 times
Aban Offshore, India`s biggest offshore drilling entity in the private sector, reported today 2.29 times growth in earnings in the quarter ended December 31 to Rs 477.67 million compared with Rs 207.88 million in the prior year period. Substantial rise in revenues helped the company to post excellent earnings numbers. The company posted earnings per share (EPS) of Rs 12.64 in the quarter ended December 2007.
--------------------------------------------------
Sintex Q3 earnings surge 2.17 times
Leading manufacturer of different plastic moulding and forming products, Sintex Industries announced today a 2.17 times rise in earnings in the quarter ended December 31 to Rs 553.77 million compared with Rs 254.63 million in the prior year period. Substantial rise in revenues couple with improvement in operating margin helped the company to post excellent earnings numbers. The company posted earnings per share (EPS) of Rs 4.78 in the quarter ended December 2007.
--------------------------------------------------
Source: Myiris.com, Economic Times, Indiaearnings.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sify, Myiris, Rediff Stories
www.sify.com
Rights issue mop-up hits new high at Rs 14,000 cr in 2007
Indian Bank Q3 net up 61.45% at Rs 307.50 cr
Elecon Engg gets orders worth Rs 15.7 cr
'Instead of Autos we will buy Nano'
Demat accounts see a surge in Oct-Dec 2007
Big Nano effect: 15m households as prospective car buyers
Rel Power grey prices fall
BoB to enlarge foreign footprint
--------------------------------------------
Rediff.com
Ratan Tata, the ugly duckling
How the Rs 1-lakh car was made
Is your fund house opportunistic?
---------------------------------------------
Myiris.com
Cords Cable Industries IPO to open on Jan 21
Porwal Auto Components to list on bourses on Jan 14
Sun TV arm inks pact with SAMTL for 6.98% stake in SAFL
Centre announces 10-yr IT holiday for industrial park devps
SEBI recommends 3-year index options
Future Group scouting for buys in food and fashion retail space
Kirloskar Pneumatic to start roadrailer manufacturing
NALCO inks deal with Indonesia for smelter project
Source: above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Rights issue mop-up hits new high at Rs 14,000 cr in 2007
Indian Bank Q3 net up 61.45% at Rs 307.50 cr
Elecon Engg gets orders worth Rs 15.7 cr
'Instead of Autos we will buy Nano'
Demat accounts see a surge in Oct-Dec 2007
Big Nano effect: 15m households as prospective car buyers
Rel Power grey prices fall
BoB to enlarge foreign footprint
--------------------------------------------
Rediff.com
Ratan Tata, the ugly duckling
How the Rs 1-lakh car was made
Is your fund house opportunistic?
---------------------------------------------
Myiris.com
Cords Cable Industries IPO to open on Jan 21
Porwal Auto Components to list on bourses on Jan 14
Sun TV arm inks pact with SAMTL for 6.98% stake in SAFL
Centre announces 10-yr IT holiday for industrial park devps
SEBI recommends 3-year index options
Future Group scouting for buys in food and fashion retail space
Kirloskar Pneumatic to start roadrailer manufacturing
NALCO inks deal with Indonesia for smelter project
Source: above sites. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Weekly wrap up: Market ends mix
Weekly wrap up: Market ends mix
Indian benchmark index, Sensex gained marginally in the week ended Jan. 11 2008, helped by foreign inflows and some build-up of positions ahead of the results season. Whereas, broad based Nifty shows reverse trend. Except banking and realty, all other sectoral stocks fell during the week. Mid-cap and small-cap shares were corrected sharply.
The 30 share index, Sensex added 140.56 points, or 0.68%, to 20,827.45 in the week ended Jan. 11, 2008, whereas the broad based NSE Nifty fell 74.2 points, or 1.18%, to 6,200.1 in the same period. The mid-cap index lost 6.67%, while the small-cap index plunged 8.57% over the week. Only gainers in sectoral indices were BSE Bankex index gained 4.82% and Realty index gained 1.48%. Major losers include, Metal index declined 7.62%, Consumer durable index lost 8.22%, IT index plunged 4.36%, Auto Index fell 4.83% and Health Care index declined 4.80% over the week. Overseas investors were net buyers in equities worth Rs 6.16 billion in the period of January 7 to 10. As per the provisional figures, overseas investors bought net of Rs 1.07 billion worth equities on January 11. On the other hand, Indian mutual funds were net sellers in equities to the tune Rs 1.12 billion in the period of January 7 to 10.
Major Corporate Developments
Shares climbed after Tata Motors introduced much awaited Rs 1-lakh car named as `NANO` at the Auto Expo in the capital. The car will be launched in India later in 2008.
Infosys Technologies, India`s second largest software exporter, registered a 25.20% growth in consolidated earnings in quarter ended December 07 to Rs 12.31 billion on Y-o-Y basis. In the same period, consolidated revenue grew 16.90% to Rs 42.71 billion on Y-o-Y basis.
Shares of ICICI Bank, the second largest lender in India, touched a record after the company announced plans to list four divisions to select investors. Leading engineering and construction major, Larsen & Toubro announced the company bagged various new projects worth over Rs 35 billion.
Jaiprakash Hydro Power, a part of the Jaypee Group, disclosed a phenomenal jump of 2.78 times in net profits for the quarter ended in December 2007 to Rs 69.40 million from Rs 25 million in the quarter ended December 2006.
Inflation
The whole-sale price index based inflation for the week ended Dec. 29, 2007 remained unaltered from its previous week`s level of 3.50%.
IIP at 5.3%
Growth in India`s industrial production (IIP) plunged to 5.3% in November this fiscal from 15.8% in the same period last year following a huge decline in the manufacturing sector.
Source: www.myiris.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Indian benchmark index, Sensex gained marginally in the week ended Jan. 11 2008, helped by foreign inflows and some build-up of positions ahead of the results season. Whereas, broad based Nifty shows reverse trend. Except banking and realty, all other sectoral stocks fell during the week. Mid-cap and small-cap shares were corrected sharply.
The 30 share index, Sensex added 140.56 points, or 0.68%, to 20,827.45 in the week ended Jan. 11, 2008, whereas the broad based NSE Nifty fell 74.2 points, or 1.18%, to 6,200.1 in the same period. The mid-cap index lost 6.67%, while the small-cap index plunged 8.57% over the week. Only gainers in sectoral indices were BSE Bankex index gained 4.82% and Realty index gained 1.48%. Major losers include, Metal index declined 7.62%, Consumer durable index lost 8.22%, IT index plunged 4.36%, Auto Index fell 4.83% and Health Care index declined 4.80% over the week. Overseas investors were net buyers in equities worth Rs 6.16 billion in the period of January 7 to 10. As per the provisional figures, overseas investors bought net of Rs 1.07 billion worth equities on January 11. On the other hand, Indian mutual funds were net sellers in equities to the tune Rs 1.12 billion in the period of January 7 to 10.
Major Corporate Developments
Shares climbed after Tata Motors introduced much awaited Rs 1-lakh car named as `NANO` at the Auto Expo in the capital. The car will be launched in India later in 2008.
Infosys Technologies, India`s second largest software exporter, registered a 25.20% growth in consolidated earnings in quarter ended December 07 to Rs 12.31 billion on Y-o-Y basis. In the same period, consolidated revenue grew 16.90% to Rs 42.71 billion on Y-o-Y basis.
Shares of ICICI Bank, the second largest lender in India, touched a record after the company announced plans to list four divisions to select investors. Leading engineering and construction major, Larsen & Toubro announced the company bagged various new projects worth over Rs 35 billion.
Jaiprakash Hydro Power, a part of the Jaypee Group, disclosed a phenomenal jump of 2.78 times in net profits for the quarter ended in December 2007 to Rs 69.40 million from Rs 25 million in the quarter ended December 2006.
Inflation
The whole-sale price index based inflation for the week ended Dec. 29, 2007 remained unaltered from its previous week`s level of 3.50%.
IIP at 5.3%
Growth in India`s industrial production (IIP) plunged to 5.3% in November this fiscal from 15.8% in the same period last year following a huge decline in the manufacturing sector.
Source: www.myiris.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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