http://economictimes.indiatimes.com/
Indian markets may open up on Fed cut22 Jan, 2008, 2130 hrs IST, PTI
Federal Reserve's rate cut would help improve the sentiments on Indian bourses. Gainers and losers Sensex fall: Full coverage Why is the mkt crashing? Write in
Tech Mahindra Q3 net up 19 pc
Tata Steel's JV to build processing unit for autos
RBI quarterly review on Jan 29
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India Infoline Q3 consolidated net profit jump 260.50% YoY
Vijaya Bank Q3 net profit up 36.83% YoY
Tata Elxsi Q3 net profit up 0.73% YoY
I-Flex Solutions Q3 net profit up 21.67% YoY
Indiabulls Q3 net at Rs 303 crore
Everest Kanto Q3 net profit down 6.42 pc
FIIs pull out over Rs 5300 cr in six days
PM assures investors of market growth in an orderly manner
Halal St: Seven-month labour lost in seven trading sessions
No Sensex stock among top 20 market losers
Unlisted firms stopped from raising funds through ADR or GDR
Investor lose about Rs 16 trillion in 7 days on Dalal Street
Mutual funds waiting on the sidelines to invest in market
India's five richest lose over $45 bn in 7-day meltdown
More @ http://economictimes.indiatimes.com/headlines.cms
Source: Economic TImes.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.
22 January 2008
Results from Myiris, Capital Market.com
CapitalMarket.com
Indiabulls Real Estate reports net profit of Rs 410.04 crore in the December 2007 quarter
Sales reported at Rs 6.10 crore
Indiabulls Real Estate reported net profit of Rs 410.04 crore in the quarter ended December 2007. Sales reported at Rs 6.10 crore in the quarter ended December 2007.
Bank of India net profit rises 100.84% in the December 2007 quarter
Net profit of Bank of India rose 100.84% to Rs 511.89 crore in the quarter ended December 2007 as against Rs 254.87 crore during the previous quarter ended December 2006. Total operating income rose 35.90% to Rs 3151.11 crore in the quarter ended December 2007 as against Rs 2318.70 crore during the previous quarter ended December 2006
Vijaya Bank net profit rises 36.83% in the December 2007 quarter
Net profit of Vijaya Bank rose 36.83% to Rs 126.88 crore in the quarter ended December 2007 as against Rs 92.73 crore during the previous quarter ended December 2006. Total operating income rose 39.71% to Rs 1022.51 crore in the quarter ended December 2007 as against Rs 731.87 crore during the previous quarter ended December 2006.
Manjushree Extrusions net profit rises 46.07% in the December 2007 quarter
Sales rise 19.51% to Rs 18.99 crore
Net profit of Manjushree Extrusions rose 46.07% to Rs 1.30 crore in the quarter ended December 2007 as against Rs 0.89 crore during the previous quarter ended December 2006. Sales rose 19.51% to Rs 18.99 crore in the quarter ended December 2007 as against Rs 15.89 crore during the previous quarter ended December 2006.
India Infoline net profit rises 347.58% in the December 2007 quarter
Sales rise 837.88% to Rs 231.75 crore
Net profit of India Infoline rose 347.58% to Rs 64.72 crore in the quarter ended December 2007 as against Rs 14.46 crore during the previous quarter ended December 2006. Sales rose 837.88% to Rs 231.75 crore in the quarter ended December 2007 as against Rs 24.71 crore during the previous quarter ended December 2006.
Lupin net profit rises 203.91% in the December 2007 quarter
Net profit of Lupin rose 203.91% to Rs 170.28 crore in the quarter ended December 2007 as against Rs 56.03 crore during the previous quarter ended December 2006. Sales rose 23.35% to Rs 608.05 crore in the quarter ended December 2007 as against Rs 492.94 crore during the previous quarter ended December 2006.
Corporation Bank net profit rises 30.38% in the December 2007 quarter
Net profit of Corporation Bank rose 30.38% to Rs 190.90 crore in the quarter ended December 2007 as against Rs 146.42 crore during the previous quarter ended December 2006. Total operating income rose 23.91% to Rs 1098.86 crore in the quarter ended December 2007 as against Rs 886.84 crore during the previous quarter ended December 2006.
Gati net profit rises 193.19% in the December 2007 quarterSales decline 3.19% to Rs 134.53 croreNet profit of Gati rose 193.19% to Rs 12.49 crore in the quarter ended December 2007 as against Rs 4.26 crore during the previous quarter ended December 2006. Sales declined 3.19% to Rs 134.53 crore in the quarter ended December 2007 as against Rs 138.96 crore during the previous quarter ended December 2006.
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Mangalore Chemicals & Fertilizers net profit rises 211.90% in the December 2007 quarter (22-Jan 20:32 Hrs IST)Net profit of Mangalore Chemicals & Fertilizers rose 211.90% to Rs 19.40 crore in the quarter ended December 2007 as against Rs 6.22 crore during the previous quarter ended December 2006. Sales rose 27.07% to Rs 462.62 crore in the quarter ended December 2007 as against Rs 364.06 crore during the previous quarter ended December 2006.
United Spirits net profit declines 74.27% in the December 2007 quarterNet profit of United Spirits declined 74.27% to Rs 88.15 crore in the quarter ended December 2007 as against Rs 342.53 crore during the previous quarter ended December 2006. Sales rose 14.94% to Rs 888.96 crore in the quarter ended December 2007 as against Rs 773.42 crore during the previous quarter ended December 2006.--------------------------------
Pidilite Industries net profit rises 69.08% in the December 2007 quarterSales rise 37.06% to Rs 388.90 croreNet profit of Pidilite Industries rose 69.08% to Rs 40.90 crore in the quarter ended December 2007 as against Rs 24.19 crore during the previous quarter ended December 2006. Sales rose 37.06% to Rs 388.90 crore in the quarter ended December 2007 as against Rs 283.74 crore during the previous quarter ended December 2006
HEG net profit rises 141.01% in the December 2007 quarter (Net profit of HEG rose 141.01% to Rs 39.79 crore in the quarter ended December 2007 as against Rs 16.51 crore during the previous quarter ended December 2006. Sales rose 38.14% to Rs 259.79 crore in the quarter ended December 2007 as against Rs 188.06 crore during the previous quarter ended December 2006.
Mindtree Consulting net profit rises 10.34% in the December 2007 quarter
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Prakash Industries net profit rises 46.88% in the December 2007 quarterSales rise 27.89% to Rs 329.13 croreNet profit of Prakash Industries rose 46.88% to Rs 55.46 crore in the quarter ended December 2007 as against Rs 37.76 crore during the previous quarter ended December 2006. Sales rose 27.89% to Rs 329.13 crore in the quarter ended December 2007 as against Rs 257.36 crore during the previous quarter ended December 2006.
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Jyoti net profit rises 607.14% in the December 2007 quarter
Net profit of Jyoti rose 607.14% to Rs 1.98 crore in the quarter ended December 2007 as against Rs 0.28 crore during the previous quarter ended December 2006. Sales rose 69.58% to Rs 49.23 crore in the quarter ended December 2007 as against Rs 29.03 crore during the previous quarter ended December 2006.
Greenply Industries net profit rises 49.85% in the December 2007 quarter
Net profit of Greenply Industries rose 49.85% to Rs 9.80 crore in the quarter ended December 2007 as against Rs 6.54 crore during the previous quarter ended December 2006. Sales rose 27.87% to Rs 139.19 crore in the quarter ended December 2007 as against Rs 108.85 crore during the previous quarter ended December 2006.
MIC Electronics net profit rises 109.80% in the December 2007 quarter
Net profit of MIC Electronics rose 109.80% to Rs 13.70 crore in the quarter ended December 2007 as against Rs 6.53 crore during the previous quarter ended December 2006. Sales rose 114.77% to Rs 78.24 crore in the quarter ended December 2007 as against Rs 36.43 crore during the previous quarter ended December 2006.
Inox Leisure net profit rises 30.23% in the December 2007 quarter
Nelcast reports net profit of Rs 8.67 crore in the December 2007 quarter
Noida Toll Bridge Company net profit rises 117.82% in the December 2007 quarter
Net profit of Noida Toll Bridge Company rose 117.82% to Rs 6.60 crore in the quarter ended December 2007 as against Rs 3.03 crore during the previous quarter ended December 2006. Sales rose 42.13% to Rs 17.07 crore in the quarter ended December 2007 as against Rs 12.01 crore during the previous quarter ended December 2006.
Amara Raja Batteries net profit rises 206.40% in the December 2007 quarter
Net profit of Amara Raja Batteries rose 206.40% to Rs 29.66 crore in the quarter ended December 2007 as against Rs 9.68 crore during the previous quarter ended December 2006. Sales rose 110.50% to Rs 307.88 crore in the quarter ended December 2007 as against Rs 146.26 crore during the previous quarter ended December 2006.
Pantaloon Retail (India) net profit declines 28.02% in the December 2007 quarter
Info Edge (India) net profit rises 60.42% in the December 2007 quarter
Punjab Tractors net profit rises 3.25% in the December 2007 quarter
Tech Mahindra net profit rises 35.17% in the December 2007 quarter
Net profit of Tech Mahindra rose 35.17% to Rs 196.40 crore in the quarter ended December 2007 as against Rs 145.30 crore during the previous quarter ended December 2006. Sales rose 27.16% to Rs 911.60 crore in the quarter ended December 2007 as against Rs 716.90 crore during the previous quarter ended December 2006.
Coromandel Fertilisers net profit rises 244.99% in the December 2007 quarter
Net profit of Coromandel Fertilisers rose 244.99% to Rs 75.07 crore in the quarter ended December 2007 as against Rs 21.76 crore during the previous quarter ended December 2006. Sales rose 87.88% to Rs 956.34 crore in the quarter ended December 2007 as against Rs 509.01 crore during the previous quarter ended December 2006.
Lanco Industries net profit rises 30.00% in the December 2007 quarter
Net profit of Lanco Industries rose 30.00% to Rs 8.06 crore in the quarter ended December 2007 as against Rs 6.20 crore during the previous quarter ended December 2006. Sales rose 28.28% to Rs 130.29 crore in the quarter ended December 2007 as against Rs 101.57 crore during the previous quarter ended December 2006.
Swaraj Engines net profit rises 24.80% in the December 2007 quarter
Net profit of Swaraj Engines rose 24.80% to Rs 4.68 crore in the quarter ended December 2007 as against Rs 3.75 crore during the previous quarter ended December 2006. Sales rose 12.28% to Rs 38.96 crore in the quarter ended December 2007 as against Rs 34.70 crore during the previous quarter ended December 2006.
Tamil Nadu Newsprint & Papers net profit rises 27.71% in the December 2007 quarter
Net profit of Tamil Nadu Newsprint & Papers rose 27.71% to Rs 28.48 crore in the quarter ended December 2007 as against Rs 22.30 crore during the previous quarter ended December 2006. Sales rose 9.65% to Rs 235.14 crore in the quarter ended December 2007 as against Rs 214.45 crore during the previous quarter ended December 2006.
Genus Power Infrastructures net profit rises 59.01% in the December 2007 quarter
Net profit of Genus Power Infrastructures rose 59.01% to Rs 9.97 crore in the quarter ended December 2007 as against Rs 6.27 crore during the previous quarter ended December 2006. Sales rose 25.16% to Rs 105.35 crore in the quarter ended December 2007 as against Rs 84.17 crore during the previous quarter ended December 2006
Balaji Telefilms net profit declines 13.55% in the December 2007 quarter
Net profit of Balaji Telefilms declined 13.55% to Rs 18.82 crore in the quarter ended December 2007 as against Rs 21.77 crore during the previous quarter ended December 2006. Sales declined 5.95% to Rs 79.97 crore in the quarter ended December 2007 as against Rs 85.03 crore during the previous quarter ended December 2006.
SpiceJet reports net profit of Rs 9.34 crore in the December 2007 quarter
SpiceJet reported net profit of Rs 9.34 crore in the quarter ended December 2007. Sales reported at Rs 408.51 crore in the quarter ended December 2007
Tata Teleservices Maharashtra reports net loss of Rs 27.43 crore in the December 2007 quarter
Net Loss of Tata Teleservices Maharashtra reported to Rs 27.43 crore in the quarter ended December 2007 as against net loss of Rs 59.17 crore during the previous quarter ended December 2006. Sales rose 21.25% to Rs 439.76 crore in the quarter ended December 2007 as against Rs 362.68 crore during the previous quarter ended December 2006.
Thirumalai Chemicals reports net profit of Rs 6.11 crore in the December 2007 quarter
Net profit of Thirumalai Chemicals reported to Rs 6.11 crore in the quarter ended December 2007 as against net loss of Rs 1.36 crore during the previous quarter ended December 2006. Sales rose 28.18% to Rs 141.29 crore in the quarter ended December 2007 as against Rs 110.23 crore during the previous quarter ended December 2006.
DB (International) Stock Brokers net profit rises 341.82% in the December 2007 quarter
Net profit of DB (International) Stock Brokers rose 341.82% to Rs 2.43 crore in the quarter ended December 2007 as against Rs 0.55 crore during the previous quarter ended December 2006. Sales rose 196.18% to Rs 3.88 crore in the quarter ended December 2007 as against Rs 1.31 crore during the previous quarter ended December 2006
Maharashtra Elektrosmelt net profit rises 129.76% in the December 2007 quarter
Net profit of Maharashtra Elektrosmelt rose 129.76% to Rs 11.58 crore in the quarter ended December 2007 as against Rs 5.04 crore during the previous quarter ended December 2006. Sales rose 29.67% to Rs 74.73 crore in the quarter ended December 2007 as against Rs 57.63 crore during the previous quarter ended December 2006
Excel Industries net profit rises 16.38% in the December 2007 quarter
Net profit of Excel Industries rose 16.38% to Rs 1.35 crore in the quarter ended December 2007 as against Rs 1.16 crore during the previous quarter ended December 2006. Sales rose 19.00% to Rs 60.12 crore in the quarter ended December 2007 as against Rs 50.52 crore during the previous quarter ended December 2006
National Steel & Agro Industries net profit rises 14.49% in the December 2007 quarter
Net profit of National Steel & Agro Industries rose 14.49% to Rs 5.61 crore in the quarter ended December 2007 as against Rs 4.90 crore during the previous quarter ended December 2006. Sales rose 23.14% to Rs 507.16 crore in the quarter ended December 2007 as against Rs 411.85 crore during the previous quarter ended December 2006.
Gujarat Flourochemicals net profit rises 39.11% in the December 2007 quarter
Net profit of Gujarat Flourochemicals rose 39.11% to Rs 82.34 crore in the quarter ended December 2007 as against Rs 59.19 crore during the previous quarter ended December 2006. Sales rose 27.22% to Rs 196.68 crore in the quarter ended December 2007 as against Rs 154.60 crore during the previous quarter ended December 2006.
Mindtree Consulting net profit rises 10.34% in the December 2007 quarter
Net profit of Mindtree Consulting rose 10.34% to Rs 20.81 crore in the quarter ended December 2007 as against Rs 18.86 crore during the previous quarter ended December 2006. Sales rose 27.04% to Rs 186.50 crore in the quarter ended December 2007 as against Rs 146.80 crore during the previous quarter ended December 2006.
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Myiris.com
i-flex consolidated net slips 4% in Q3
i-flex Solutions announced a 4.05% decline in net profit at Rs 1,067.00 million for the third quarter ended December 2007 as compared to Rs 1,112.00 million for the quarter ended December 2006. Total Revenues increased 11.16% to Rs 6,196.00 million for the quarter ended December 2007 from Rs 5,574.00 million for the quarter ended December 2006.
Vijaya Bank Q3 profit rises 36.83%
Leading public sector lender, Vijaya Bank reported a rise of 36.83% in earnings in the quarter ended Dec. 31, 2007, to Rs 1,268.80 million compared with Rs 927.30 million in the same quarter, last year. The total income for the quarter surged 45.14% to Rs 11,391.90 million compared with the corresponding quarter, a year ago
Tata Elxsi profit remains flat in Dec`07 qtr
Tata Elxsi registered a marginal increase of 0.72% in net profit to Rs 140.64 million for the quarter ended December 2007 as compared with Rs 139.63 million for the corresponding quarter, last year.
Shasun Chemicals top line up 32% for Dec`07 qtr
Shasun Chemicals and Drugs, posted a 32% growth in consolidated revenue at Rs 2,554.6 million for the Q3FY08 compared to Rs 1,940.6 million in Q3FY07 and consolidated profit after tax at Rs 118.8 million for the Q3 FY08 as compared to Rs 116.5 million of Q3FY07.
Lupin consolidated net jumps 2.92 times in Dec`07 qtr
Leading drug maker Lupin, on consolidated basis, posted 2.92 times increase in net profit to Rs 1,808.60 million for the ended Dec. 31, 2007 as compared to Rs 620.20 million for the quarter ended Dec. 31, 2006.
Total Income increased 66.93% from Rs 5,153.20 million for the quarter ended Dec. 31, 2006 to Rs 8,602.30 million for the quarter ended Dec. 31, 2007.
Grasim Q3 earnings rise 34.55%
Grasim Industries registered a rise of 34.55% in earnings in the quarter ended Dec. 31, 2007, to Rs 5,537.90 million compared with Rs 4,115.80 million in the same quarter, last year. The earnings per share (EPS) for the quarter climbed 34.53% to Rs 60.39 compared with Rs 44.89 in prior year period. Substantial rise in operating margin together with steady revenue growth helped the company to post good earnings numbers. Operating margin in the quarter rose to 32.70%, representing a rise of 349 basis points when compared with same period, previous year
Camlin Fine Chemicals net jumps 2.25 times in Dec`07 qtr (QoQ)
Punjab Tractors net up 3.25% in Q3
Punjab Tractors registered a marginal rise of 3.25% in earnings in the third quarter ended Dec. 31, 2007, to Rs 254 million compared with Rs 246 million in the same quarter, last year. The total income for the quarter rose 14.25% to Rs 3,039 million compared with the corresponding quarter, a year ago.
Cosmo Films Q3 net zooms 2.67 times
Cosmo Films registered robust growth of 2.67 times in earnings in the quarter ended Dec. 31, 2007, to Rs 116 million compared with Rs 43.3 million in the previous year period. The earnings per share (EPS) for the quarter jumped 2.67 times to Rs 5.96 compared with Rs 2.23 in prior year period.
Nakoda Textile net up 63% for Dec `07 qtr
Nakoda Textile Industries registered 62.99% growth in net profit to Rs 28.67 million for the quarter ended Dec. 31, 2007, from Rs 17.59 million in the corresponding quarter last fiscal.
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.
Indiabulls Real Estate reports net profit of Rs 410.04 crore in the December 2007 quarter
Sales reported at Rs 6.10 crore
Indiabulls Real Estate reported net profit of Rs 410.04 crore in the quarter ended December 2007. Sales reported at Rs 6.10 crore in the quarter ended December 2007.
Bank of India net profit rises 100.84% in the December 2007 quarter
Net profit of Bank of India rose 100.84% to Rs 511.89 crore in the quarter ended December 2007 as against Rs 254.87 crore during the previous quarter ended December 2006. Total operating income rose 35.90% to Rs 3151.11 crore in the quarter ended December 2007 as against Rs 2318.70 crore during the previous quarter ended December 2006
Vijaya Bank net profit rises 36.83% in the December 2007 quarter
Net profit of Vijaya Bank rose 36.83% to Rs 126.88 crore in the quarter ended December 2007 as against Rs 92.73 crore during the previous quarter ended December 2006. Total operating income rose 39.71% to Rs 1022.51 crore in the quarter ended December 2007 as against Rs 731.87 crore during the previous quarter ended December 2006.
Manjushree Extrusions net profit rises 46.07% in the December 2007 quarter
Sales rise 19.51% to Rs 18.99 crore
Net profit of Manjushree Extrusions rose 46.07% to Rs 1.30 crore in the quarter ended December 2007 as against Rs 0.89 crore during the previous quarter ended December 2006. Sales rose 19.51% to Rs 18.99 crore in the quarter ended December 2007 as against Rs 15.89 crore during the previous quarter ended December 2006.
India Infoline net profit rises 347.58% in the December 2007 quarter
Sales rise 837.88% to Rs 231.75 crore
Net profit of India Infoline rose 347.58% to Rs 64.72 crore in the quarter ended December 2007 as against Rs 14.46 crore during the previous quarter ended December 2006. Sales rose 837.88% to Rs 231.75 crore in the quarter ended December 2007 as against Rs 24.71 crore during the previous quarter ended December 2006.
Lupin net profit rises 203.91% in the December 2007 quarter
Net profit of Lupin rose 203.91% to Rs 170.28 crore in the quarter ended December 2007 as against Rs 56.03 crore during the previous quarter ended December 2006. Sales rose 23.35% to Rs 608.05 crore in the quarter ended December 2007 as against Rs 492.94 crore during the previous quarter ended December 2006.
Corporation Bank net profit rises 30.38% in the December 2007 quarter
Net profit of Corporation Bank rose 30.38% to Rs 190.90 crore in the quarter ended December 2007 as against Rs 146.42 crore during the previous quarter ended December 2006. Total operating income rose 23.91% to Rs 1098.86 crore in the quarter ended December 2007 as against Rs 886.84 crore during the previous quarter ended December 2006.
Gati net profit rises 193.19% in the December 2007 quarterSales decline 3.19% to Rs 134.53 croreNet profit of Gati rose 193.19% to Rs 12.49 crore in the quarter ended December 2007 as against Rs 4.26 crore during the previous quarter ended December 2006. Sales declined 3.19% to Rs 134.53 crore in the quarter ended December 2007 as against Rs 138.96 crore during the previous quarter ended December 2006.
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Mangalore Chemicals & Fertilizers net profit rises 211.90% in the December 2007 quarter (22-Jan 20:32 Hrs IST)Net profit of Mangalore Chemicals & Fertilizers rose 211.90% to Rs 19.40 crore in the quarter ended December 2007 as against Rs 6.22 crore during the previous quarter ended December 2006. Sales rose 27.07% to Rs 462.62 crore in the quarter ended December 2007 as against Rs 364.06 crore during the previous quarter ended December 2006.
United Spirits net profit declines 74.27% in the December 2007 quarterNet profit of United Spirits declined 74.27% to Rs 88.15 crore in the quarter ended December 2007 as against Rs 342.53 crore during the previous quarter ended December 2006. Sales rose 14.94% to Rs 888.96 crore in the quarter ended December 2007 as against Rs 773.42 crore during the previous quarter ended December 2006.--------------------------------
Pidilite Industries net profit rises 69.08% in the December 2007 quarterSales rise 37.06% to Rs 388.90 croreNet profit of Pidilite Industries rose 69.08% to Rs 40.90 crore in the quarter ended December 2007 as against Rs 24.19 crore during the previous quarter ended December 2006. Sales rose 37.06% to Rs 388.90 crore in the quarter ended December 2007 as against Rs 283.74 crore during the previous quarter ended December 2006
HEG net profit rises 141.01% in the December 2007 quarter (Net profit of HEG rose 141.01% to Rs 39.79 crore in the quarter ended December 2007 as against Rs 16.51 crore during the previous quarter ended December 2006. Sales rose 38.14% to Rs 259.79 crore in the quarter ended December 2007 as against Rs 188.06 crore during the previous quarter ended December 2006.
Mindtree Consulting net profit rises 10.34% in the December 2007 quarter
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Prakash Industries net profit rises 46.88% in the December 2007 quarterSales rise 27.89% to Rs 329.13 croreNet profit of Prakash Industries rose 46.88% to Rs 55.46 crore in the quarter ended December 2007 as against Rs 37.76 crore during the previous quarter ended December 2006. Sales rose 27.89% to Rs 329.13 crore in the quarter ended December 2007 as against Rs 257.36 crore during the previous quarter ended December 2006.
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Jyoti net profit rises 607.14% in the December 2007 quarter
Net profit of Jyoti rose 607.14% to Rs 1.98 crore in the quarter ended December 2007 as against Rs 0.28 crore during the previous quarter ended December 2006. Sales rose 69.58% to Rs 49.23 crore in the quarter ended December 2007 as against Rs 29.03 crore during the previous quarter ended December 2006.
Greenply Industries net profit rises 49.85% in the December 2007 quarter
Net profit of Greenply Industries rose 49.85% to Rs 9.80 crore in the quarter ended December 2007 as against Rs 6.54 crore during the previous quarter ended December 2006. Sales rose 27.87% to Rs 139.19 crore in the quarter ended December 2007 as against Rs 108.85 crore during the previous quarter ended December 2006.
MIC Electronics net profit rises 109.80% in the December 2007 quarter
Net profit of MIC Electronics rose 109.80% to Rs 13.70 crore in the quarter ended December 2007 as against Rs 6.53 crore during the previous quarter ended December 2006. Sales rose 114.77% to Rs 78.24 crore in the quarter ended December 2007 as against Rs 36.43 crore during the previous quarter ended December 2006.
Inox Leisure net profit rises 30.23% in the December 2007 quarter
Nelcast reports net profit of Rs 8.67 crore in the December 2007 quarter
Noida Toll Bridge Company net profit rises 117.82% in the December 2007 quarter
Net profit of Noida Toll Bridge Company rose 117.82% to Rs 6.60 crore in the quarter ended December 2007 as against Rs 3.03 crore during the previous quarter ended December 2006. Sales rose 42.13% to Rs 17.07 crore in the quarter ended December 2007 as against Rs 12.01 crore during the previous quarter ended December 2006.
Amara Raja Batteries net profit rises 206.40% in the December 2007 quarter
Net profit of Amara Raja Batteries rose 206.40% to Rs 29.66 crore in the quarter ended December 2007 as against Rs 9.68 crore during the previous quarter ended December 2006. Sales rose 110.50% to Rs 307.88 crore in the quarter ended December 2007 as against Rs 146.26 crore during the previous quarter ended December 2006.
Pantaloon Retail (India) net profit declines 28.02% in the December 2007 quarter
Info Edge (India) net profit rises 60.42% in the December 2007 quarter
Punjab Tractors net profit rises 3.25% in the December 2007 quarter
Tech Mahindra net profit rises 35.17% in the December 2007 quarter
Net profit of Tech Mahindra rose 35.17% to Rs 196.40 crore in the quarter ended December 2007 as against Rs 145.30 crore during the previous quarter ended December 2006. Sales rose 27.16% to Rs 911.60 crore in the quarter ended December 2007 as against Rs 716.90 crore during the previous quarter ended December 2006.
Coromandel Fertilisers net profit rises 244.99% in the December 2007 quarter
Net profit of Coromandel Fertilisers rose 244.99% to Rs 75.07 crore in the quarter ended December 2007 as against Rs 21.76 crore during the previous quarter ended December 2006. Sales rose 87.88% to Rs 956.34 crore in the quarter ended December 2007 as against Rs 509.01 crore during the previous quarter ended December 2006.
Lanco Industries net profit rises 30.00% in the December 2007 quarter
Net profit of Lanco Industries rose 30.00% to Rs 8.06 crore in the quarter ended December 2007 as against Rs 6.20 crore during the previous quarter ended December 2006. Sales rose 28.28% to Rs 130.29 crore in the quarter ended December 2007 as against Rs 101.57 crore during the previous quarter ended December 2006.
Swaraj Engines net profit rises 24.80% in the December 2007 quarter
Net profit of Swaraj Engines rose 24.80% to Rs 4.68 crore in the quarter ended December 2007 as against Rs 3.75 crore during the previous quarter ended December 2006. Sales rose 12.28% to Rs 38.96 crore in the quarter ended December 2007 as against Rs 34.70 crore during the previous quarter ended December 2006.
Tamil Nadu Newsprint & Papers net profit rises 27.71% in the December 2007 quarter
Net profit of Tamil Nadu Newsprint & Papers rose 27.71% to Rs 28.48 crore in the quarter ended December 2007 as against Rs 22.30 crore during the previous quarter ended December 2006. Sales rose 9.65% to Rs 235.14 crore in the quarter ended December 2007 as against Rs 214.45 crore during the previous quarter ended December 2006.
Genus Power Infrastructures net profit rises 59.01% in the December 2007 quarter
Net profit of Genus Power Infrastructures rose 59.01% to Rs 9.97 crore in the quarter ended December 2007 as against Rs 6.27 crore during the previous quarter ended December 2006. Sales rose 25.16% to Rs 105.35 crore in the quarter ended December 2007 as against Rs 84.17 crore during the previous quarter ended December 2006
Balaji Telefilms net profit declines 13.55% in the December 2007 quarter
Net profit of Balaji Telefilms declined 13.55% to Rs 18.82 crore in the quarter ended December 2007 as against Rs 21.77 crore during the previous quarter ended December 2006. Sales declined 5.95% to Rs 79.97 crore in the quarter ended December 2007 as against Rs 85.03 crore during the previous quarter ended December 2006.
SpiceJet reports net profit of Rs 9.34 crore in the December 2007 quarter
SpiceJet reported net profit of Rs 9.34 crore in the quarter ended December 2007. Sales reported at Rs 408.51 crore in the quarter ended December 2007
Tata Teleservices Maharashtra reports net loss of Rs 27.43 crore in the December 2007 quarter
Net Loss of Tata Teleservices Maharashtra reported to Rs 27.43 crore in the quarter ended December 2007 as against net loss of Rs 59.17 crore during the previous quarter ended December 2006. Sales rose 21.25% to Rs 439.76 crore in the quarter ended December 2007 as against Rs 362.68 crore during the previous quarter ended December 2006.
Thirumalai Chemicals reports net profit of Rs 6.11 crore in the December 2007 quarter
Net profit of Thirumalai Chemicals reported to Rs 6.11 crore in the quarter ended December 2007 as against net loss of Rs 1.36 crore during the previous quarter ended December 2006. Sales rose 28.18% to Rs 141.29 crore in the quarter ended December 2007 as against Rs 110.23 crore during the previous quarter ended December 2006.
DB (International) Stock Brokers net profit rises 341.82% in the December 2007 quarter
Net profit of DB (International) Stock Brokers rose 341.82% to Rs 2.43 crore in the quarter ended December 2007 as against Rs 0.55 crore during the previous quarter ended December 2006. Sales rose 196.18% to Rs 3.88 crore in the quarter ended December 2007 as against Rs 1.31 crore during the previous quarter ended December 2006
Maharashtra Elektrosmelt net profit rises 129.76% in the December 2007 quarter
Net profit of Maharashtra Elektrosmelt rose 129.76% to Rs 11.58 crore in the quarter ended December 2007 as against Rs 5.04 crore during the previous quarter ended December 2006. Sales rose 29.67% to Rs 74.73 crore in the quarter ended December 2007 as against Rs 57.63 crore during the previous quarter ended December 2006
Excel Industries net profit rises 16.38% in the December 2007 quarter
Net profit of Excel Industries rose 16.38% to Rs 1.35 crore in the quarter ended December 2007 as against Rs 1.16 crore during the previous quarter ended December 2006. Sales rose 19.00% to Rs 60.12 crore in the quarter ended December 2007 as against Rs 50.52 crore during the previous quarter ended December 2006
National Steel & Agro Industries net profit rises 14.49% in the December 2007 quarter
Net profit of National Steel & Agro Industries rose 14.49% to Rs 5.61 crore in the quarter ended December 2007 as against Rs 4.90 crore during the previous quarter ended December 2006. Sales rose 23.14% to Rs 507.16 crore in the quarter ended December 2007 as against Rs 411.85 crore during the previous quarter ended December 2006.
Gujarat Flourochemicals net profit rises 39.11% in the December 2007 quarter
Net profit of Gujarat Flourochemicals rose 39.11% to Rs 82.34 crore in the quarter ended December 2007 as against Rs 59.19 crore during the previous quarter ended December 2006. Sales rose 27.22% to Rs 196.68 crore in the quarter ended December 2007 as against Rs 154.60 crore during the previous quarter ended December 2006.
Mindtree Consulting net profit rises 10.34% in the December 2007 quarter
Net profit of Mindtree Consulting rose 10.34% to Rs 20.81 crore in the quarter ended December 2007 as against Rs 18.86 crore during the previous quarter ended December 2006. Sales rose 27.04% to Rs 186.50 crore in the quarter ended December 2007 as against Rs 146.80 crore during the previous quarter ended December 2006.
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Myiris.com
i-flex consolidated net slips 4% in Q3
i-flex Solutions announced a 4.05% decline in net profit at Rs 1,067.00 million for the third quarter ended December 2007 as compared to Rs 1,112.00 million for the quarter ended December 2006. Total Revenues increased 11.16% to Rs 6,196.00 million for the quarter ended December 2007 from Rs 5,574.00 million for the quarter ended December 2006.
Vijaya Bank Q3 profit rises 36.83%
Leading public sector lender, Vijaya Bank reported a rise of 36.83% in earnings in the quarter ended Dec. 31, 2007, to Rs 1,268.80 million compared with Rs 927.30 million in the same quarter, last year. The total income for the quarter surged 45.14% to Rs 11,391.90 million compared with the corresponding quarter, a year ago
Tata Elxsi profit remains flat in Dec`07 qtr
Tata Elxsi registered a marginal increase of 0.72% in net profit to Rs 140.64 million for the quarter ended December 2007 as compared with Rs 139.63 million for the corresponding quarter, last year.
Shasun Chemicals top line up 32% for Dec`07 qtr
Shasun Chemicals and Drugs, posted a 32% growth in consolidated revenue at Rs 2,554.6 million for the Q3FY08 compared to Rs 1,940.6 million in Q3FY07 and consolidated profit after tax at Rs 118.8 million for the Q3 FY08 as compared to Rs 116.5 million of Q3FY07.
Lupin consolidated net jumps 2.92 times in Dec`07 qtr
Leading drug maker Lupin, on consolidated basis, posted 2.92 times increase in net profit to Rs 1,808.60 million for the ended Dec. 31, 2007 as compared to Rs 620.20 million for the quarter ended Dec. 31, 2006.
Total Income increased 66.93% from Rs 5,153.20 million for the quarter ended Dec. 31, 2006 to Rs 8,602.30 million for the quarter ended Dec. 31, 2007.
Grasim Q3 earnings rise 34.55%
Grasim Industries registered a rise of 34.55% in earnings in the quarter ended Dec. 31, 2007, to Rs 5,537.90 million compared with Rs 4,115.80 million in the same quarter, last year. The earnings per share (EPS) for the quarter climbed 34.53% to Rs 60.39 compared with Rs 44.89 in prior year period. Substantial rise in operating margin together with steady revenue growth helped the company to post good earnings numbers. Operating margin in the quarter rose to 32.70%, representing a rise of 349 basis points when compared with same period, previous year
Camlin Fine Chemicals net jumps 2.25 times in Dec`07 qtr (QoQ)
Punjab Tractors net up 3.25% in Q3
Punjab Tractors registered a marginal rise of 3.25% in earnings in the third quarter ended Dec. 31, 2007, to Rs 254 million compared with Rs 246 million in the same quarter, last year. The total income for the quarter rose 14.25% to Rs 3,039 million compared with the corresponding quarter, a year ago.
Cosmo Films Q3 net zooms 2.67 times
Cosmo Films registered robust growth of 2.67 times in earnings in the quarter ended Dec. 31, 2007, to Rs 116 million compared with Rs 43.3 million in the previous year period. The earnings per share (EPS) for the quarter jumped 2.67 times to Rs 5.96 compared with Rs 2.23 in prior year period.
Nakoda Textile net up 63% for Dec `07 qtr
Nakoda Textile Industries registered 62.99% growth in net profit to Rs 28.67 million for the quarter ended Dec. 31, 2007, from Rs 17.59 million in the corresponding quarter last fiscal.
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.
Results: Bk Of India, Grasim, Vijaya Bk etc
Everonn Systems Q3 net up at Rs 4cr view table
22nd-Jan-2008
Everonn Systems in Q3 FY08 has reported net profit of Rs 4 cr versus Rs 2.6 cr, on YoY basis. During the same period, its net sales were up at Rs 29.1 cr versus Rs 22.7 cr, YoY.
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Vijaya Bank Q3 net profit at Rs 126.88 cr view table
22nd-Jan-2008
Vijaya Bank in Q3 FY08 has reported net profit of Rs 126.88 crore versus Rs 92.73cr, up 36.83% on YoY basis. During the corresponding quarters, its NII was down 17.32% at Rs 219.09 cr versus Rs 264.98 cr, YoY.
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Bank of India Q3 net profit up at Rs 511.89cr view table
22nd-Jan-2008
BANK OF INDIA in Q3FY08 has reported net profit of Rs 511.89 cr versus Rs 254.37 cr, up 100.84% on YoY basis. During the corresponding quarters, its NII was up 25.7% at Rs 1079.46 cr versus Rs 858.76 cr.
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Grasim Q3 cons profit up 30% at Rs 721.8 cr
22nd-Jan-2008
Grasim Industries has announced its Q3FY08 numbers. It has posted 30% growth in its consolidated net profit of Rs 721.8 crore for the quarter ended December 2007 as against Rs 555 crore in same period of last year.
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Gati net profit rises 193.19% in the December 2007 quarter
Sales decline 3.19% to Rs 134.53 crore
Net profit of Gati rose 193.19% to Rs 12.49 crore in the quarter ended December 2007 as against Rs 4.26 crore during the previous quarter ended December 2006. Sales declined 3.19% to Rs 134.53 crore in the quarter ended December 2007 as against Rs 138.96 crore during the previous quarter ended December 2006.
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Mangalore Chemicals & Fertilizers net profit rises 211.90% in the December 2007 quarter (22-Jan 20:32 Hrs IST)
Net profit of Mangalore Chemicals & Fertilizers rose 211.90% to Rs 19.40 crore in the quarter ended December 2007 as against Rs 6.22 crore during the previous quarter ended December 2006. Sales rose 27.07% to Rs 462.62 crore in the quarter ended December 2007 as against Rs 364.06 crore during the previous quarter ended December 2006.
United Spirits net profit declines 74.27% in the December 2007 quarter
Net profit of United Spirits declined 74.27% to Rs 88.15 crore in the quarter ended December 2007 as against Rs 342.53 crore during the previous quarter ended December 2006. Sales rose 14.94% to Rs 888.96 crore in the quarter ended December 2007 as against Rs 773.42 crore during the previous quarter ended December 2006.
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Pidilite Industries net profit rises 69.08% in the December 2007 quarter
Sales rise 37.06% to Rs 388.90 crore
Net profit of Pidilite Industries rose 69.08% to Rs 40.90 crore in the quarter ended December 2007 as against Rs 24.19 crore during the previous quarter ended December 2006. Sales rose 37.06% to Rs 388.90 crore in the quarter ended December 2007 as against Rs 283.74 crore during the previous quarter ended December 2006
HEG net profit rises 141.01% in the December 2007 quarter (
Net profit of HEG rose 141.01% to Rs 39.79 crore in the quarter ended December 2007 as against Rs 16.51 crore during the previous quarter ended December 2006. Sales rose 38.14% to Rs 259.79 crore in the quarter ended December 2007 as against Rs 188.06 crore during the previous quarter ended December 2006.
Mindtree Consulting net profit rises 10.34% in the December 2007 quarter
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Prakash Industries net profit rises 46.88% in the December 2007 quarter
Sales rise 27.89% to Rs 329.13 crore
Net profit of Prakash Industries rose 46.88% to Rs 55.46 crore in the quarter ended December 2007 as against Rs 37.76 crore during the previous quarter ended December 2006. Sales rose 27.89% to Rs 329.13 crore in the quarter ended December 2007 as against Rs 257.36 crore during the previous quarter ended December 2006.
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Tata Teleservices Maharashtra reports net loss of Rs 27.43 crore in the December 2007 quarter
DB (International) Stock Brokers net profit rises 341.82% in the December 2007 quarter
Excel Industries net profit rises 16.38% in the December 2007 quarter
SpiceJet reports net profit of Rs 9.34 crore in the December 2007 quarter
Tamil Nadu Newsprint & Papers net profit rises 27.71% in the December 2007 quarter
Lanco Industries net profit rises 30.00% in the December 2007 quarter
Coromandel Fertilisers net profit rises 244.99% in the December 2007 quarter
Punjab Tractors net profit rises 3.25% in the December 2007 quarter
Kamat Hotels (India) net profit rises 38.21% in the December 2007 quarter
Cosmo Films net profit rises 167.90% in the December 2007 quarter
Pantaloon Retail (India) net profit declines 28.02% in the December 2007 quarter
Ranjeev Alloys net profit rises 1100.00% in the December 2007 quarter
Amara Raja Batteries net profit rises 206.40% in the December 2007 quarter
Info Edge (India) net profit rises 60.42% in the December 2007 quarter (
Noida Toll Bridge Company net profit rises 117.82% in the December 2007 quarter
Inox Leisure net profit rises 30.23% in the December 2007 quarter
Nelcast reports net profit of Rs 8.67 crore in the December 2007 quarter
MIC Electronics net profit rises 109.80% in the December 2007 quarter
Greenply Industries net profit rises 49.85% in the December 2007 quarter
Corporation Bank net profit rises 30.38% in the December 2007 quarter (
Jyoti net profit rises 607.14% in the December 2007 quarter
India Infoline net profit rises 347.58% in the December 2007 quarter
I-Flex Solutions net profit rises 21.67% in the December 2007 quarter
Manjushree Extrusions net profit rises 46.07% in the December 2007 quarter
Indiabulls Real Estate reports net profit of Rs 410.04 crore in the December 2007 quarter (
Camlin Fine Chemical net profit rises 94.00% in the December 2007 quarter (
Jai Corp net profit declines 18.77% in the December 2007 quarter
Simplex Castings net profit rises 34.75% in the December 2007 quarter
Reliance Industrial Infrastructure net profit rises 5.30% in the December 2007 quarter
Kalpana Industries net profit rises 132.75% in the December 2007 quarter (
Dhanus Technologies net profit rises 15.60% in the December 2007 quarter
Sterlite Technologies net profit rises 105.13% in the December 2007 quarter
Shasun Chemicals & Drugs net profit declines 41.52% in the December 2007 quarter
22nd-Jan-2008
Everonn Systems in Q3 FY08 has reported net profit of Rs 4 cr versus Rs 2.6 cr, on YoY basis. During the same period, its net sales were up at Rs 29.1 cr versus Rs 22.7 cr, YoY.
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Vijaya Bank Q3 net profit at Rs 126.88 cr view table
22nd-Jan-2008
Vijaya Bank in Q3 FY08 has reported net profit of Rs 126.88 crore versus Rs 92.73cr, up 36.83% on YoY basis. During the corresponding quarters, its NII was down 17.32% at Rs 219.09 cr versus Rs 264.98 cr, YoY.
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Bank of India Q3 net profit up at Rs 511.89cr view table
22nd-Jan-2008
BANK OF INDIA in Q3FY08 has reported net profit of Rs 511.89 cr versus Rs 254.37 cr, up 100.84% on YoY basis. During the corresponding quarters, its NII was up 25.7% at Rs 1079.46 cr versus Rs 858.76 cr.
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Grasim Q3 cons profit up 30% at Rs 721.8 cr
22nd-Jan-2008
Grasim Industries has announced its Q3FY08 numbers. It has posted 30% growth in its consolidated net profit of Rs 721.8 crore for the quarter ended December 2007 as against Rs 555 crore in same period of last year.
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Gati net profit rises 193.19% in the December 2007 quarter
Sales decline 3.19% to Rs 134.53 crore
Net profit of Gati rose 193.19% to Rs 12.49 crore in the quarter ended December 2007 as against Rs 4.26 crore during the previous quarter ended December 2006. Sales declined 3.19% to Rs 134.53 crore in the quarter ended December 2007 as against Rs 138.96 crore during the previous quarter ended December 2006.
-----------------------------
Mangalore Chemicals & Fertilizers net profit rises 211.90% in the December 2007 quarter (22-Jan 20:32 Hrs IST)
Net profit of Mangalore Chemicals & Fertilizers rose 211.90% to Rs 19.40 crore in the quarter ended December 2007 as against Rs 6.22 crore during the previous quarter ended December 2006. Sales rose 27.07% to Rs 462.62 crore in the quarter ended December 2007 as against Rs 364.06 crore during the previous quarter ended December 2006.
United Spirits net profit declines 74.27% in the December 2007 quarter
Net profit of United Spirits declined 74.27% to Rs 88.15 crore in the quarter ended December 2007 as against Rs 342.53 crore during the previous quarter ended December 2006. Sales rose 14.94% to Rs 888.96 crore in the quarter ended December 2007 as against Rs 773.42 crore during the previous quarter ended December 2006.
--------------------------------
Pidilite Industries net profit rises 69.08% in the December 2007 quarter
Sales rise 37.06% to Rs 388.90 crore
Net profit of Pidilite Industries rose 69.08% to Rs 40.90 crore in the quarter ended December 2007 as against Rs 24.19 crore during the previous quarter ended December 2006. Sales rose 37.06% to Rs 388.90 crore in the quarter ended December 2007 as against Rs 283.74 crore during the previous quarter ended December 2006
HEG net profit rises 141.01% in the December 2007 quarter (
Net profit of HEG rose 141.01% to Rs 39.79 crore in the quarter ended December 2007 as against Rs 16.51 crore during the previous quarter ended December 2006. Sales rose 38.14% to Rs 259.79 crore in the quarter ended December 2007 as against Rs 188.06 crore during the previous quarter ended December 2006.
Mindtree Consulting net profit rises 10.34% in the December 2007 quarter
-------------------------------------------------------
Prakash Industries net profit rises 46.88% in the December 2007 quarter
Sales rise 27.89% to Rs 329.13 crore
Net profit of Prakash Industries rose 46.88% to Rs 55.46 crore in the quarter ended December 2007 as against Rs 37.76 crore during the previous quarter ended December 2006. Sales rose 27.89% to Rs 329.13 crore in the quarter ended December 2007 as against Rs 257.36 crore during the previous quarter ended December 2006.
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Tata Teleservices Maharashtra reports net loss of Rs 27.43 crore in the December 2007 quarter
DB (International) Stock Brokers net profit rises 341.82% in the December 2007 quarter
Excel Industries net profit rises 16.38% in the December 2007 quarter
SpiceJet reports net profit of Rs 9.34 crore in the December 2007 quarter
Tamil Nadu Newsprint & Papers net profit rises 27.71% in the December 2007 quarter
Lanco Industries net profit rises 30.00% in the December 2007 quarter
Coromandel Fertilisers net profit rises 244.99% in the December 2007 quarter
Punjab Tractors net profit rises 3.25% in the December 2007 quarter
Kamat Hotels (India) net profit rises 38.21% in the December 2007 quarter
Cosmo Films net profit rises 167.90% in the December 2007 quarter
Pantaloon Retail (India) net profit declines 28.02% in the December 2007 quarter
Ranjeev Alloys net profit rises 1100.00% in the December 2007 quarter
Amara Raja Batteries net profit rises 206.40% in the December 2007 quarter
Info Edge (India) net profit rises 60.42% in the December 2007 quarter (
Noida Toll Bridge Company net profit rises 117.82% in the December 2007 quarter
Inox Leisure net profit rises 30.23% in the December 2007 quarter
Nelcast reports net profit of Rs 8.67 crore in the December 2007 quarter
MIC Electronics net profit rises 109.80% in the December 2007 quarter
Greenply Industries net profit rises 49.85% in the December 2007 quarter
Corporation Bank net profit rises 30.38% in the December 2007 quarter (
Jyoti net profit rises 607.14% in the December 2007 quarter
India Infoline net profit rises 347.58% in the December 2007 quarter
I-Flex Solutions net profit rises 21.67% in the December 2007 quarter
Manjushree Extrusions net profit rises 46.07% in the December 2007 quarter
Indiabulls Real Estate reports net profit of Rs 410.04 crore in the December 2007 quarter (
Camlin Fine Chemical net profit rises 94.00% in the December 2007 quarter (
Jai Corp net profit declines 18.77% in the December 2007 quarter
Simplex Castings net profit rises 34.75% in the December 2007 quarter
Reliance Industrial Infrastructure net profit rises 5.30% in the December 2007 quarter
Kalpana Industries net profit rises 132.75% in the December 2007 quarter (
Dhanus Technologies net profit rises 15.60% in the December 2007 quarter
Sterlite Technologies net profit rises 105.13% in the December 2007 quarter
Shasun Chemicals & Drugs net profit declines 41.52% in the December 2007 quarter
Lessons from January 2008: Udayan Mukherjee
Lessons from January 2008: Udayan Mukherjee
CNBC-TV18's Executive Editor, Udayan Mukherjee - The thing about life is that one makes mistakes. Many mistakes were made in the second half of 2007 and those sins have to be washed away by blood, such is the way of financial markets. Some participants will go down under and never be able to get back to the market again but most will survive. The pain will linger for many months, maybe years but lessons have to be learnt. Every such debacle has lessons for us and the sooner we forget them the more we suffer.
The first lesson is not to let stock price performance become the sole reason for buying, a mistake which was made in abundance in the last 3 months. What couldn't be explained by fundamentals was credited to liquidity. The present lost all relevance as people chose to focus on the distant future, perhaps simply because the present could never justify those ticker prices; only a hazy dream of the future could. Traders and investors had no time for fundamental analysts, in many cases they were labelled "cribbing fools". Chartists became the most celebrated tribe on the street as only they could see and predict the one way run to glory for many of the hot stocks even as fundamental watchers cringed at valuations....till the music stopped. Don't get me wrong, charts do work in trending markets but once stock prices veer away completely from fundamental value, people need to get careful. But they never are. Now that the blinkers are off, people should ask themselves why stocks like RNRL, Ispat, RPL, Essar oil and Nagarjuna fertilisers have lost 50-70% of their value. It is simply because their stock prices had snapped all connection with underlying business fundamentals, earnings and value. Their stock prices became the only reasons for buying them which works for a while but not forever.
The other big lesson, one which should have been driven in earlier in May 2006, is the danger of overextending oneself in the futures market. The lure of stock futures is easy to understand. Put in some margin, take a big exposure on a fast moving stock, make a killing when prices shoot up. Repeat exercise. Just that people forgot that prices may also come down and at a pace which noone can even imagine, maybe their friendly stockbrokers forgot to tell them that part of the story. The result : unbridled speculation that ran into lakhs of crores, excesses that we are paying for today. Even this fall will not cure investors of their love for futures speculation but if at least some amount of caution is injected it would have been a worthwhile learning. Futures are not toys for amateurs, they are time bombs in the hands of inexpert and inexperienced traders, it's only a matter of when the fuse runs out.
The other learning which I hope will play out in the future, as it has in the past, is that it pays to be brave in times of panic such as these. If I was allowed to invest myself , which I am not, I would have no hesitation in deploying serious money into the market today, knowing fully well that prices may fall more tomorrow. And I would be standing there tomorrow to buy more of the same, till my money ran out. India is going to be a terrific stock market story for many years to come, even an intermediate bearish patch cannot shake that conviction of mine. At best, one will have to wait a bit for the returns to follow. That's alright. You are happy to put money in a bank FD and then wait for one full year to collect that measly 8%, aren't you? Then why does the stock market need to give you 20% every month? In the last one year, I haven't seen so many good stocks trade at such mouth watering levels. Forget trading, avoid the duds which were fuelled up by operators, just go out and buy those bluechips. They will deliver, even if there is a global market meltdown for a while, and if you are a bit patient you will be rewarded. But do remember January 2008, as history will repeat itself again in the future. Just that our memories tend to be too short and our greed too much.
NOTE: This column was written at 2pm, even as the markets were trading.
Other MC stories:
Worst is almost over: Oppenhiemer
Stocks that have lost most from their peak
No need to worry, eco growing at 8.9%: FM
Mkts hit down circuit hit for the fourth time
Investors lost nearly Rs 4 lakh cr today
Finance Ministry soothes bankers
Source: Moneycontrol.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.
CNBC-TV18's Executive Editor, Udayan Mukherjee - The thing about life is that one makes mistakes. Many mistakes were made in the second half of 2007 and those sins have to be washed away by blood, such is the way of financial markets. Some participants will go down under and never be able to get back to the market again but most will survive. The pain will linger for many months, maybe years but lessons have to be learnt. Every such debacle has lessons for us and the sooner we forget them the more we suffer.
The first lesson is not to let stock price performance become the sole reason for buying, a mistake which was made in abundance in the last 3 months. What couldn't be explained by fundamentals was credited to liquidity. The present lost all relevance as people chose to focus on the distant future, perhaps simply because the present could never justify those ticker prices; only a hazy dream of the future could. Traders and investors had no time for fundamental analysts, in many cases they were labelled "cribbing fools". Chartists became the most celebrated tribe on the street as only they could see and predict the one way run to glory for many of the hot stocks even as fundamental watchers cringed at valuations....till the music stopped. Don't get me wrong, charts do work in trending markets but once stock prices veer away completely from fundamental value, people need to get careful. But they never are. Now that the blinkers are off, people should ask themselves why stocks like RNRL, Ispat, RPL, Essar oil and Nagarjuna fertilisers have lost 50-70% of their value. It is simply because their stock prices had snapped all connection with underlying business fundamentals, earnings and value. Their stock prices became the only reasons for buying them which works for a while but not forever.
The other big lesson, one which should have been driven in earlier in May 2006, is the danger of overextending oneself in the futures market. The lure of stock futures is easy to understand. Put in some margin, take a big exposure on a fast moving stock, make a killing when prices shoot up. Repeat exercise. Just that people forgot that prices may also come down and at a pace which noone can even imagine, maybe their friendly stockbrokers forgot to tell them that part of the story. The result : unbridled speculation that ran into lakhs of crores, excesses that we are paying for today. Even this fall will not cure investors of their love for futures speculation but if at least some amount of caution is injected it would have been a worthwhile learning. Futures are not toys for amateurs, they are time bombs in the hands of inexpert and inexperienced traders, it's only a matter of when the fuse runs out.
The other learning which I hope will play out in the future, as it has in the past, is that it pays to be brave in times of panic such as these. If I was allowed to invest myself , which I am not, I would have no hesitation in deploying serious money into the market today, knowing fully well that prices may fall more tomorrow. And I would be standing there tomorrow to buy more of the same, till my money ran out. India is going to be a terrific stock market story for many years to come, even an intermediate bearish patch cannot shake that conviction of mine. At best, one will have to wait a bit for the returns to follow. That's alright. You are happy to put money in a bank FD and then wait for one full year to collect that measly 8%, aren't you? Then why does the stock market need to give you 20% every month? In the last one year, I haven't seen so many good stocks trade at such mouth watering levels. Forget trading, avoid the duds which were fuelled up by operators, just go out and buy those bluechips. They will deliver, even if there is a global market meltdown for a while, and if you are a bit patient you will be rewarded. But do remember January 2008, as history will repeat itself again in the future. Just that our memories tend to be too short and our greed too much.
NOTE: This column was written at 2pm, even as the markets were trading.
Other MC stories:
Worst is almost over: Oppenhiemer
Stocks that have lost most from their peak
No need to worry, eco growing at 8.9%: FM
Mkts hit down circuit hit for the fourth time
Investors lost nearly Rs 4 lakh cr today
Finance Ministry soothes bankers
Source: Moneycontrol.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.
Fed cuts interest rate by 0.75%
WASHINGTON: The Federal Reserve, confronted with a global stock sell-off fanned by increased fears of a recession, slashed a key interest rate by three-quarters of a percentage point on Tuesday and indicated further rate cuts were likely. The surprise reduction in the federal funds rate from 4.25 down to 3.5 per cent marked the biggest one-day rate move by the central bank since it cuts its discount rate by a full percentage point in December 1991, a period when the country was struggling to get out of a recession.
Analysts said the Fed will likely delay cutting rates further at its January 29-30 meeting but will probably keep moving rates down aggressively as the economy continues to weaken. "This move is not an instant fix," said Ian Shepherdson, chief US economist at High Frequency Economics. "The economy is still staring recession in the face, but at least the Fed now gets it." In addition to cutting the funds rate, the Fed said it was reducing its discount rate, the interest it charges to make direct loans to banks, by a similar three-quarters of a percentage point, pushing this rate down to 4 per cent.
Commercial banks responded to the Fed's action on the funds rate by announcing similar cuts of three-quarter of a percent on its prime lending rate, the benchmark for millions of business and consumer loans. The action will mean the prime lending rate will drop from 7.25 per cent down to 6.50 per cent.
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The Fed action was the most dramatic signal it can send that it is concerned about a potential recession in the United States. The Fed decision was taken during an emergency telephone conference with Fed officials on Monday night. Those discussions occurred after global financial markets had plunged Monday as investors grew more concerned about the possibility that the United States, the world's largest economy, could be headed into a recession. In a brief statement, the Fed said it had decided to cut the federal funds rate "in view of a weakening of the economic outlook and increasing downside risks to growth." The central bank said that the strains in short-term funding markets have eased a bit, but "broader financial market conditions have continued to deteriorate and credit has tightened further for some businesses and households. Moreover, incoming information indicates a deepening of the housing contraction as well as some softening in labor markets."
The move caught financial markets by surprise. Many had expected the central bank would wait until its meeting next week to make any move in interest rates. The Fed made the move before markets had opened in the United States, hoping that the bold move would limit the decline in US stocks. Before Tuesday's move, the Fed had cut interest rates three times, beginning in September, the month after a severe credit crunch had roiled Wall Street and global financial markets.
The Fed cut the funds rate by a half-point in September and then by smaller quarter-point moves in October and December. In its statement, the Fed said, that "appreciable downside risks to growth remain" and held out the prospect of further rate cuts. "The committee will continue to assess the effects of financial and other developments on economic prospects and will act in a timely manner as needed to address those risk," the Fed statement said. The Fed's action was approved on an 8-1 vote with William Poole, president the Fed's regional bank, dissenting. The statement said that Poole objected because he did not believe current conditions justified a rate move before the Fed's meeting next week.
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Fed cuts rates by 75 bps
The US Federal Reserve has cut funds and discount rates by 75 bps, reports CNBC-TV18. It has cut the discount rate by 75 bps to 4% while the funds rate is now at 3.5%.
This is the first inter-meeting rate cut since September 17, 2001. "We are still not forecasting a recession this year," the Fed said.
US Treasury Secretary Henry Paulson said the rate cut shows that the Fed is nimble and is able to move quickly. "We continue to remain confident about the global economy. The US economy is resilient," Paulson said.
Job creation continues at a lower pace, he said. "American workers are the most productive anywhere in the world."
The Federal Reserve has stepped in with an emergency rate cut. The Fed has cut both the funds and discount rates by 75 bps. This comes as an attempt to limit the risks of a recession, after huge selling in global financial markets. It is the largest rate cut in one shot for the first time in 24 years.
The Fed said it is cutting these rates because of increased downside risks to growth, deterioration of broader markets, tightening of credit for businesses and households and because of data showing deeper correction in the housing market. The Fed said it expects inflation to soften and that risks to growth will remain. Hence, the Fed will remain ready to act.
Source: Economic Times, Moneycontrol.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.
Sensex loses 875 pts on terrible Tuesday
Sensex loses 875 pts on terrible Tuesday
Sensex closes over 9% from lows
Sensex: Top 10 falls
NSE
4899.30 -309.50
BSE
16729.94 -875.41
As weak global markets let them loose, the bears had another go at stocks on the Indian bourses this morning. So sharp was the decline in values of heavyweight stocks that the benchmark indices Sensex and Nifty crashed by more than 10% in a flash.
The market wide circuit filters hit, trading came to a halt on the exchanges. During the one hour stoppage, the finance minister appealed to the investors to remain calm and stated that the economy was in good shape. On resumption, a few frontline stocks edged off their lower levels and the indices too regained a significant portion of lost ground.
• Market crash: Rs 6.64 lakh crore wiped out!• Is the Ponzi bubble over?• How to survive when Dalal St gets nuked
But the recovery did not last long. With investors choosing to exit counters at every noticeable rise, it turned out to be a roller coaster ride for the Sensex and Nifty this afternoon. As margin calls got triggered, at one stage, the Nifty even crashed by around 14.6%.
Finally, towards the fag end of the session, a few heavyweights bounced back from their lows and the Sensex, which had slumped to a low of 15,332.42 this morning, ended at 16,729.94, around 5% or 875.41 points behind its previous closing mark.
The Nifty, which crashed to a low of 4448.50 in early afternoon trade, settled at 4899.30 with a big loss of 5.94% or 309.50 points.
Bharti Airtel (2.55%) and Tata Motors (0.75%) were the only gainers from the Sensex. Nifty stock Nalco ended with a gain of 2.6%. Maruti Suzuki, which ended with a loss on BSE, closed with a modest gain on the National Stock Exchange.
ONGC, the biggest loser among Sensex stocks, closed 13.6% down at Rs 962.35. ITC, Hindalco, Mahindra & Mahindra, Ambuja Cements, Cipla, HDFC, Reliance Industries and Tata Steel went down by 7% - 10%.
Hindustan Unilever, Ranbaxy Laboratories, Reliance Communications, BHEL, Grasim Industries, HDFC Bank, Satyam Computer Services, Tata Consultancy Services, NTPC and ICICI Bank closed lower by 4% - 7%.
DLF, which plunged to a low of Rs 740 in morning trade, ended with a loss of nearly 4% at Rs 867.70. Reliance Energy and Wipro lost 3.35% and 2.45% respectively. State Bank of India finished with a loss of 1.85%. Maruti Suzuki, Infosys Technologies, Larsen & Toubro and ACC lost 0.5% - 1%. Bajaj Auto ended with a small loss.
Unitech, Reliance Petroleum, Tata Power, Punjab National Bank, Cairn India, Sun Pharmaceuticals, Hero Honda, HCL Technologies, GlaxoSmithKline Pharma, Suzlon Energy, ABB, SAIL, VSNL, Dr. Reddy's Laboratories, BPCL and GAIL India ended sharply lower.
Though a few mid and smallcap stocks bounced back in late afternoon trade, the Midcap and Smallcap indices closed sharply down today. While the Midcap barometer went down by 8.62%, the Smallcap index ended with a loss of 8.09%.
The market breadth remained very weak. Out of 2454 stocks traded on BSE today, as many as 2273 stocks closed with losses. 152 stocks managed to post gains and 29 stocks ended at their previous closing levels.
Record fall
Sensex loses 875 pts Special: Markets mangled Images: Top guns' take on mkt crash
Market mayhem: An analysis
Sensex down 1,917 pts
Realty shares worst hit in market turmoil
Sensex down by 875.41 pts, Nifty dips 300 pts
Sensex closes 875.41 pts down at 16,729.94
Sensex down by 875.41 pts, Nifty dips 300 pts
Bharti, Tata Motors overcome market blues, close up 2.5-1.0%
Shares fall 11 % in worst intraday plunge, trading halted
Biggest one-day losses on Indian share indexes in recent years
FM urges calm amid stock market falls
BoI will provide liquidity to brokers, not to sell in panic
Other Sify stories:
SpiceJet Oct-Dec net dips 22.5%
Sify Technologies Q3 net profit at $1.55 m
Punjab Tractors Q3 net up 3.25% at Rs 25.40 cr
TNPL Q3 net up 27.71% at Rs 28.48 cr
NDTV to sell 26% in unit to NBC, NBCU
Grasim Q3 net up 34.5%
Neyveli Lignite Q3 net up 33.94% at Rs 204.48 cr
Vijaya Bank Q3 net up 36.83% at Rs 126.88 cr
Chidambaram dispels investors’ fears
Centurion Bank net rises 44%
Bharat Forge Q3 net dips 7.8% at Rs 70.957 cr
HDFC Bank Q3 net up 45.23% at Rs 429.36 cr
Source: Sify and Economic Times. 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.
Sensex closes over 9% from lows
Sensex: Top 10 falls
NSE
4899.30 -309.50
BSE
16729.94 -875.41
As weak global markets let them loose, the bears had another go at stocks on the Indian bourses this morning. So sharp was the decline in values of heavyweight stocks that the benchmark indices Sensex and Nifty crashed by more than 10% in a flash.
The market wide circuit filters hit, trading came to a halt on the exchanges. During the one hour stoppage, the finance minister appealed to the investors to remain calm and stated that the economy was in good shape. On resumption, a few frontline stocks edged off their lower levels and the indices too regained a significant portion of lost ground.
• Market crash: Rs 6.64 lakh crore wiped out!• Is the Ponzi bubble over?• How to survive when Dalal St gets nuked
But the recovery did not last long. With investors choosing to exit counters at every noticeable rise, it turned out to be a roller coaster ride for the Sensex and Nifty this afternoon. As margin calls got triggered, at one stage, the Nifty even crashed by around 14.6%.
Finally, towards the fag end of the session, a few heavyweights bounced back from their lows and the Sensex, which had slumped to a low of 15,332.42 this morning, ended at 16,729.94, around 5% or 875.41 points behind its previous closing mark.
The Nifty, which crashed to a low of 4448.50 in early afternoon trade, settled at 4899.30 with a big loss of 5.94% or 309.50 points.
Bharti Airtel (2.55%) and Tata Motors (0.75%) were the only gainers from the Sensex. Nifty stock Nalco ended with a gain of 2.6%. Maruti Suzuki, which ended with a loss on BSE, closed with a modest gain on the National Stock Exchange.
ONGC, the biggest loser among Sensex stocks, closed 13.6% down at Rs 962.35. ITC, Hindalco, Mahindra & Mahindra, Ambuja Cements, Cipla, HDFC, Reliance Industries and Tata Steel went down by 7% - 10%.
Hindustan Unilever, Ranbaxy Laboratories, Reliance Communications, BHEL, Grasim Industries, HDFC Bank, Satyam Computer Services, Tata Consultancy Services, NTPC and ICICI Bank closed lower by 4% - 7%.
DLF, which plunged to a low of Rs 740 in morning trade, ended with a loss of nearly 4% at Rs 867.70. Reliance Energy and Wipro lost 3.35% and 2.45% respectively. State Bank of India finished with a loss of 1.85%. Maruti Suzuki, Infosys Technologies, Larsen & Toubro and ACC lost 0.5% - 1%. Bajaj Auto ended with a small loss.
Unitech, Reliance Petroleum, Tata Power, Punjab National Bank, Cairn India, Sun Pharmaceuticals, Hero Honda, HCL Technologies, GlaxoSmithKline Pharma, Suzlon Energy, ABB, SAIL, VSNL, Dr. Reddy's Laboratories, BPCL and GAIL India ended sharply lower.
Though a few mid and smallcap stocks bounced back in late afternoon trade, the Midcap and Smallcap indices closed sharply down today. While the Midcap barometer went down by 8.62%, the Smallcap index ended with a loss of 8.09%.
The market breadth remained very weak. Out of 2454 stocks traded on BSE today, as many as 2273 stocks closed with losses. 152 stocks managed to post gains and 29 stocks ended at their previous closing levels.
Record fall
Sensex loses 875 pts Special: Markets mangled Images: Top guns' take on mkt crash
Market mayhem: An analysis
Sensex down 1,917 pts
Realty shares worst hit in market turmoil
Sensex down by 875.41 pts, Nifty dips 300 pts
Sensex closes 875.41 pts down at 16,729.94
Sensex down by 875.41 pts, Nifty dips 300 pts
Bharti, Tata Motors overcome market blues, close up 2.5-1.0%
Shares fall 11 % in worst intraday plunge, trading halted
Biggest one-day losses on Indian share indexes in recent years
FM urges calm amid stock market falls
BoI will provide liquidity to brokers, not to sell in panic
Other Sify stories:
SpiceJet Oct-Dec net dips 22.5%
Sify Technologies Q3 net profit at $1.55 m
Punjab Tractors Q3 net up 3.25% at Rs 25.40 cr
TNPL Q3 net up 27.71% at Rs 28.48 cr
NDTV to sell 26% in unit to NBC, NBCU
Grasim Q3 net up 34.5%
Neyveli Lignite Q3 net up 33.94% at Rs 204.48 cr
Vijaya Bank Q3 net up 36.83% at Rs 126.88 cr
Chidambaram dispels investors’ fears
Centurion Bank net rises 44%
Bharat Forge Q3 net dips 7.8% at Rs 70.957 cr
HDFC Bank Q3 net up 45.23% at Rs 429.36 cr
Source: Sify and Economic Times. 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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