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Adani Power IPO : Adani Plans to Raise funds through IPO

Adani Group CFO, Mr.Ameet H Desai in an statement said that the company has sold close to 10% in Adani Power to Private Equity Firm 3i Group. They would even consider going for Adani Power IPO, if the company needs more money to invest in the company for the future growth plans they have set for the company.
3i Group is a leading Private Equity Firm, which will invest around 227 million US Dollars in Adani Power via 3i India Infra funds. After the sale of 10% stake to the 3i Group, Adani Enterprises stake in the Adani Power will come down to 90%.
Adani Power is presently developing a 2,640 MW coal power plant in Gujarat and the company has proposals to the install a 1300 Mw power generation plant in Maharasthra. Adani Power has set its target of 6000-7000 MW power Capacity in the coming four years.

Indian Stock Markets at Peak : Investors wealth crosses Rs 60 lakh crore

Mundra Port SEZ IPO : likely on 1st November

Indian IPO Grey Market Premiums

Emaar MGF IPO

Edelweiss Capital IPO Grading


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Results on Monday, 29th October

Results Calender from Indiaearnings.Com

21st Cen Mgt 29-Oct-07

ABG Shipyard 29-Oct-07

Adani Enterpris 29-Oct-07

Aegis Logistics 29-Oct-07

Akruti Nirman 29-Oct-07

Apar Ind 29-Oct-07

Apcotex Ind 29-Oct-07

Apollo Sindhoor 29-Oct-07

Asian Granito I 29-Oct-07

Bank of India 29-Oct-07

Banswara Syntex 29-Oct-07

BHEL 29-Oct-07

Centurion Bank 29-Oct-07

Consolidated Co 29-Oct-07

Coral India Fin 29-Oct-07

Core Projects & 29-Oct-07

Cubex Tubings 29-Oct-07

Dhanalak Bnk 29-Oct-07

DIC India 29-Oct-07

Easun Reyrl 29-Oct-07

EID Parry 29-Oct-07

Electrosteel 29-Oct-07

ETP Corporation 29-Oct-07

FCS Software 29-Oct-07

FIEM Ind 29-Oct-07

First Leasing 29-Oct-07

Firstsource Sol 29-Oct-07

Fortis Health 29-Oct-07

Gallantt Metal 29-Oct-07

Genus Power 29-Oct-07

GMR Industries 29-Oct-07

Goldstone Tele 29-Oct-07

Graphite India 29-Oct-07

Guj Mineral 29-Oct-07

Gwalior Chem 29-Oct-07

Hanung Toys 29-Oct-07

HDFC 29-Oct-07

Hi-Tech Gears 29-Oct-07

Hinduja TMT 29-Oct-07

House of Pearl 29-Oct-07

HPCL 29-Oct-07

ICRA 29-Oct-07

Ind-Swift Labs 29-Oct-07

Indiabulls Real 29-Oct-07

Info Edge 29-Oct-07

IOB 29-Oct-07

Ipca Labs 29-Oct-07

ITI 29-Oct-07

JagranPrakashan 29-Oct-07

JaiprakashHydro 29-Oct-07

Jayant Agro-Org 29-Oct-07

Jaypee Hotels 29-Oct-07

Jenson Nicholso 29-Oct-07

Jet Airways 29-Oct-07

Jindal Steel 29-Oct-07

JM Financial 29-Oct-07

Kalpataru Power 29-Oct-07

Karur Vysya 29-Oct-07

Kaveri Seed Co 29-Oct-07

Kernex Micro 29-Oct-07

KJMC Fin Ser 29-Oct-07

KJMC Global 29-Oct-07

Krishna Eng 29-Oct-07

Lakshmi Machine 29-Oct-07

Lanco Industrie 29-Oct-07

Lloyds Finance 29-Oct-07

Lumax Auto 29-Oct-07

Madras Fert 29-Oct-07

Mah and Mah 29-Oct-07

Malu Paper 29-Oct-07

Manali Petro 29-Oct-07

Mangalam Drugs 29-Oct-07

Maruti Suzuki 29-Oct-07

Max India 29-Oct-07

McDowell Holdg 29-Oct-07

Midday Multi 29-Oct-07

Monsanto India 29-Oct-07

Mphasis 29-Oct-07

MRPL 29-Oct-07

Mukand 29-Oct-07

Nath Seeds 29-Oct-07

NCL Industries 29-Oct-07

Neocure Therap 29-Oct-07

Nirma 29-Oct-07

Nova Petrochem 29-Oct-07

Omax Autos 29-Oct-07

Oriental Bank 29-Oct-07

Oriental Trimex 29-Oct-07

Oudh Sugar Mill 29-Oct-07

Pearl Global 29-Oct-07

PNB 29-Oct-07

Ram Ratna Wires 29-Oct-07

Rane Holdings 29-Oct-07

RPG Cables 29-Oct-07

Ruby Mills 29-Oct-07

Samtel Color 29-Oct-07

Shakti Pumps 29-Oct-07

Shri Rama Multi 29-Oct-07

Sical Logistics 29-Oct-07

Silicon Valley 29-Oct-07

Simplex Infra 29-Oct-07

SMS Pharma 29-Oct-07

SMZS Chemicals 29-Oct-07

Sobha Developer 29-Oct-07

SREI Infra 29-Oct-07

Sterlite Ind 29-Oct-07

Sudarshan Cemen 29-Oct-07

Sundarmfin 29-Oct-07

Sundram 29-Oct-07

Sundrmbrak 29-Oct-07

Super Spinning 29-Oct-07

Suprajit Eng 29-Oct-07

Surana Ind 29-Oct-07

Surya Roshni 29-Oct-07

Suryajyoti Spg 29-Oct-07

Sutlej Textiles 29-Oct-07

Take Solutions 29-Oct-07

Tata Tea 29-Oct-07

Techno Electric 29-Oct-07

Thirumalai Chem 29-Oct-07

Time Techno 29-Oct-07

Titan Industrie 29-Oct-07

Torrent Power 29-Oct-07

Uniphos Enterpr 29-Oct-07

United Phos 29-Oct-07

Vardhman Text 29-Oct-07

VIP Industries 29-Oct-07

Vishal Retail 29-Oct-07

Voltamp Trans 29-Oct-07

VST 29-Oct-07

Zodiac Clothing 29-Oct-07

ET headlines

SBI Life ensures place among global top 5

SBI Life Insurance, where SBI holds 74%, has made history moving to the fifth slot among the global insurance companies listed by the Illinois-based Million Dollar Roundtable (MDRT), 2006, in terms of number of members. MDRT is an association of the world’s best life insurance sales (advisors) professionals. Founded in 1927, membership to the MDRT is calculated on the commission derived from the first year premium.

To make it to the club, the advisor needs to get a minimum commission of $69,000 or the minimum premium paid should be $132,000 in the said calendar year. SBI Life is the first Indian company to figure among the top 10 global insurance firms in terms of MDRT membership. The Indian entry comes within 10 years of the domestic insurance being opened to the private sector. The Indian company recorded the maximum rise in terms of first-time membership at 99.5%.

Korean insurer Samsung Life Insurance leads the table with 2,638 members. SBI Life Insurance at fifth spot has 801 MDRT members. LIC of India, India’s biggest insurer, is placed 21st with 345 MDRT members followed by Max New York Life at the 22nd spot with 345 MDRTians. Other prominent Indian players include Reliance Life Insurance (39th), MetLife India (68th) and ICICI Prudential (80th).


Profiles of ET award winners

Ambanis' feud takes them to Forbes list
UK emerges as major market for Indian films
Bajaj Auto to take all necessary steps to defend DTS-i patent
SBI plans to buy South African bank
Government to decide on SBI's rights issue in 2 weeks
IndusInd Bank likely to raise Rs 1,000 cr through equity

RIL eyes Arvind Mills' manufacturing facilities
ADAG floats cement arm to set up 4 plants
NIIT ties up with Adobe
ONGC Petro planning IPO offer: Report
Shaadi.com owner People Group mulls public listing
Powering the IPO-lineup of more than Rs 20,000 cr

Infosys restructures organisational structure
Corporation Bank net up 27% at Rs 161.3 crore
Sequoia picks up 20% in SAI for $12.5m
Bank of India to open 120 new branches

Reliance Money stokes price war in brokerage with free trading accounts
Lodha Group plans IPO, to dilute 10% stake

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Other Results

Prakash Industries reports income up by 40% to Rs 329.

Prakash Industries reports income up by 40% to Rs 329.76cr
2007-10-27 19:08:30
Email Print Version
Prakash Industries Ltd, a diversified business house with interests in mining , steel and power today announced its financial results for second quarter ended September 30, 2007.

Second Quarter Financial Performance Overview FY 2007-08:
During the quarter the company showed impressive results. The total income from operations has increased by 40.16%, to Rs 329.76crores as against Rs Rs235.27 crores reported in the corresponding period last year. EBIDTA increased by 41.79% and stood at Rs 67.59 crs in the second quarter of the current year as against Rs 47.67crs in the corresponding period last year. PAT is up by 74% at Rs 54.63 crs as against Rs31.34 crs in the corresponding period in the previous year. Earning per share (EPS) up by 74.23% at Rs 5.00 in the second quarter as compared to Rs 2.87

Great Offshore's PAT up by 28% to Rs 4961 lacs in
In line with the growth in the E&P sector, the Company has achieved a growth of 20% in income from Operations to Rs.15233 lacs in Q2 FY 2007-08 from Rs.12705 lacs in Q2 in FY 2006-07. Correspondingly, the PAT has gone up by 28% to Rs.4961 lacs in Q2 FY 2007-08 from Rs.3879 lacs in Q2 FY 2006-07.The Company has 40 vessels as on September 30, 2007 as against 36 vessels as on September 30, 2006.

Garware Offshore registers 427% growth in net profit
Highlights:
· Total Income for the quarter ended September 2007, stood at Rs. 44.07 crores
· Profit After Tax for the quarter ended September 2007, at Rs. 23.53 crores
· EPS for the quarter ending September 2007 increased by 398%
· Starts work in the spot market and was awarded contract on short term basis at a charter rate which is approx. 50% higher.

Granules India Q1FY08 Net Sales up 10% at Rs 50cr
Granules India Ltd., one of the world’s largest Pharmaceutical Formulation Intermediate (PFI) manufacturers, witnessed a rise in its net sales by 10 per cent to Rs. 50.03 crores for the Q1FY08 ended 30th September 2007 as compared to the corresponding period last year which was at Rs.45.38 crores. During the quarter, the company has improved its margins. PBT (Profit before tax) margins in absolute terms increased to Rs 2.76 crores compared to Rs 2.5 crores in the corresponding period of last year.

During the Q1FY08 ended 30th September 2007, the company has made a net profit of Rs. 2.02 crores as against Rs. 2.04 crores in the corresponding quarter of last year. The marginal decline is because of rupee appreciation and change in tax laws for EOU units.

IHCL Q2 revenues up by 14% PAT up by 16%
IHCL reported a turnover of Rs 366.61 crores for quarter-ended Setember 30,2007, which was higher than the turnover of the corresponding quarter of the preceding year by 14%. The turnover for the half year ended September 30,2007 at Rs 731.01 crores grew by 18% over the turnover reported for the corresponding period of the preceding year.

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Results: SBI, NTPC, Grasim etc

SBI net up 36% at Rs 1,611 crore

The country’s largest bank, State Bank of India (SBI), has reported a 36% growth in its net profit at Rs 1,611.42 crore for the quarter to September, compared to Rs 1,184.49 crore for the corresponding quarter last year. Its net profit was buoyed by significant rise in both interest income and other income. A lower provision of Rs 85.71 crore for the quarter (Rs 321.30 crore) has also propelled the rise in profit. Significantly, operating profit before provisions and contingencies stood at Rs 2,713.22 crore (Rs 2,112.53 crore), reflecting a 28.44% growth.

Interest income for the period under review grew 32% to Rs 11,616.28 crore (Rs 8,799.62 crore) while other income rose 42% to Rs 2,041.94 (Rs 1,437.69 crore). For the half year period (April to September), SBI’s net profit grew 53.16% at Rs 3,037.23 crore (Rs 1,983.06 crore). Operating profit for the period was at Rs 5,074.68 crore (Rs 3,918.15 crore), grew 29.52%. The bank has managed to improve its asset quality significantly over the period.

NTPC Q2 net rises 31 pc

Country's top power generator NTPC Ltd on Saturday posted a 30.64 per cent rise in its net profit for the second quarter ended September 30, at Rs 1,925.49 crore as compared to Rs 1,473.93 crore in the corresponding period last year. Total income of the company for the quarter under review stood at Rs 8,749.2 crore, up 4.35 per cent over Rs 8,384 crore for the same period last year. The net sales stood at Rs 8,016.86 crore in the period as compared to Rs 7,724.30 crore during the same quarter previous year, a growth of 3.78 per cent, a company statement said.

Net sales for the half-year ended September 30 rose by 11.54 per cent to Rs 16,975.67 crore as compared to Rs 15,218.87 crore in the corresponding period last year. Profit after tax for the half-year increased 41.92 per cent at Rs 4,295.42 crore as compared to Rs 3,026.71 crore in the corresponding period last year. PLF of coal-based stations was higher in the first six months of the year at 88.63 per cent as compared to 85.12 per cent for the corresponding period last year.

Grasim Q2 net up 50 pc on record performance by VSF business

Aditya Birla Group's flagship Grasim Industries today recorded a 50 per cent surge in consolidated net profit to Rs 620 crore for the quarter ended September 30, against Rs 414 crore a year ago, buoyed by a record performance of its Viscose Staple Fibre (VSF) business. Net revenue of the company also went up by 25 per cent to Rs 3,973 crore during the period as against Rs 3,186 crore last year. "In all areas of business, the company has recorded improved perfromance.

But, the performance of the VSF business has been outstanding. In fact, it has clocked a record profit during the quarter," Grasim's whole-time Director D D Rathi told reporters here. Operating profit of the VSF business went up by 81 per cent during the quarter to Rs 315.6 crore as compared to Rs 174.3 crore during the corresponding period last fiscal. The business, which contributed 23 per cent of its total revenue, clocked a gross profit of Rs 294.7 crore during the quarter, recording a whopping 81 per cent hike.

Jindal Saw posts 89% jump

Steel pipes maker Jindal Saw on Saturday posted an 89.34 per cent jump in net profits to Rs 90.07 crore for the quarter ended September 30 as compared to Rs 47.57 crore for the corresponding period last fiscal. Total income of the company increased 25.45 per cent to Rs 1,430.53 crore for three-month period as against Rs 1,140.29 crore in the same period a year ago, it said in a filing to the Bombay Stock Exchange.

Dena Bank's Q2 jumps 34%

Dena Bank's Q2 jumps 34 pc State-run Dena Bank on Saturday registered a 34.03 per cent jump in net profit at Rs 92.15 crore for the quarter ended September 30, against Rs 68.75 crore for the same period last fiscal. Total income of the company increased 27.34 per cent to Rs 764.49 crore as against Rs 600.31 crore a year ago, the public sector bank informed the BSE.

Indusind Bank Q2 net up 30%
IndusInd Bank Ltd has announced the following unaudited results for thequarter ended September 30, 2007. The company has posted a net profit of Rs 223.40 million for the quarter ended September 30, 2007 as compared to Rs 171.80 million for the quarter ended September 30, 2006. Total income has increased from Rs 4,191.70 million for the quarter ended September 30, 2006 to Rs 5,254.70 million for the quarter ended September 30, 2007.

Moser Baer net profit dips to Rs 3.27 cr

Arvind Mills July-Sep net profit jumps
Arvind Mills Ltd. has announced the following unaudited results for the quarter ended September 30, 2007. The company has posted a net profit after extrordinary items of Rs 105.00 million for the quarter ended September 30, 2007 as compared to Rs 47.40 million for the quarter ended September 30, 2006. Total income has increased from Rs 4932.80 million for the quarter ended Sepmtember 30, 2006 to Rs 5653.90 million for the quarter ended September 30, 2007.


Indian Hotels Q2 net profit at Rs 53.2 crore

DCM Shriram net up at Rs 607.05 cr
DCM Shriram Consolidated (DSCL), a diversified agribusiness and chemical company, has reported a 56.15 times rise in net profit for the second quarter ended September 2007.

Thomas Cook Q3 net at Rs 6.8 cr

Raymond posts Rs 30.7-cr net

Bharat Forge Q2 net up at Rs 79.1 crBharat Forge Ltd today announced combined second quarter revenue of Rs 1,071.2 crore and profit after tax of Rs 79.1 crore, a growth of 8 per cent and 6 per cent, respectively over the corresponding period previous year.

TNPL net jumps 43%

Seshasayee Paper net up 13%

SCI`s net declines 43.26% in Sep`07 qtrShipping Corporation of India (SCI) registered a decline of 43.26% in net profit to Rs 1,823.10 million for the quarter ended Sep. 30, 2007, from Rs 3,212.90 million in the corresponding quarter, last fiscal. sales stood at Rs 8,688.80 million in the quarter ended Sep. 30, 2007, as against Rs 10,142.80 million in the corresponding period last year, recording a fall of 14.34%.

Redington India`s net up 29.44% in Sep`07 qtr Redington India registered a growth of 29.44% in net profit to Rs 153.90 million for the quarter ended Sep. 30, 2007, from Rs 118.90 million in the quarter ended Jun. 30, 2007. Net sales stood at Rs 14,637.10 million in the quarter ended Sep. 30, 2007, as against Rs 12,960.20 million in the quarter ended Jun. 30, 2007, an increase of 12.94%.Total Income rose 12.90% to Rs 14,663.00 million in the quarter ended Sep. 30, 2007 from Rs 12,987.10 million for the quarter ended Jun. 30, 2007.

Decolight Ceramics net up 23.09% in Sep`07 qtr
Decolight Ceramics registered a growth of 23.09% in net profit to Rs 21.21 million for the quarter ended Sep. 30, 2007, from Rs 17.23 million for the quarter ended Jun. 30, 2007.
Net sales stood at Rs 164.05 million in the quarter ended Sep. 30, 2007, as against Rs 167.45 million in the quarter ended Jun. 30, 2007, a fall of 2.03%.

Moser Baer net declines 87.40% in Sep`07 qtr

Dalmia Cement net rises 59.17% in Sep`07 qtr

Lanco Infratech net rises 68.81% in Sep`07 qtr
Lanco Infratech posted a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 68.81% rise in profit to Rs 342.78 million from Rs 203.05 million in the quarter ended September 2006.Net sales for the quarter rose 2.88 times to Rs 3,794.03 million compared with Rs 1,313.31 million in the corresponding quarter, a year ago.

Godrej Industries net rises 78.40% in Sep`07 qtr

Pantaloon Retail net drops 23.16% in Sep`07 qtr

Nagarjuna Fertilizers Q2 net falls 52.18%
Nagarjuna Fertilizers and Chemicals (NFCL), the flagship company of the Nagarjuna Group, registered a steep fall of 52.18% in net profit for the second quarter ended September 2007, hurt by 226 basis points fall in operating margins together with 75% drop in other income. During the quarter, the company saw a decline in net profit to Rs 86.6 million from Rs 181.1 million in the same quarter of the previous year. Earnings per share for the quarter fell 52.38% to Rs 0.20 compared with a year ago period.

Jyoti Structures Q2 net jumps 47.86%
Jyoti Structures, a leader in providing turnkey solutions in the field of high voltage power transmission lines and substations, registered a substantial growth of 47.86% in net profit for the second quarter ended September 2007, helped by 142 basis points rise in operating margins together with strong sales growth. During the quarter, the company saw a rise in net profit to Rs 169.67 million from Rs 114.75 million in the same quarter of the previous year. The company reported diluted earnings per share of Rs 2.07 during the quarter

BEML`s net down 33.49% for Sep`07 qtr

ICI India Q2 net rises 3.5%

Leading maker of paints and speciality chemicals, ICI India registered a marginal rise of 3.5% in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 212.90 million from Rs 205.70 million in the same quarter of the previous year.Total income for the quarter dropped marginally 0.86% to Rs 2,455.60 million, when compared with the corresponding quarter, a year ago.

CRISIL net climbs 69.83% for Sep`07 qtr

City Union Bank Q2 net zooms 64.22%


THERMAX LTD - Press Release (Oct 27, 18:32)
Thermax Q2 Net Profit at Rs 69.2 Crores
Thermax Ltd has informed the Exchange regarding the consolidated Results for the half year ended on 30-SEP-2007 as follows: Net Sales of Rs. 153067 lacs for half year ending on 30-SEP-2007 against Rs. 85751 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 12815 lacs for the half year ending on 30-SEP-2007 against Rs. 7967 lacs for the half year ending on 30-SEP-2006.


TEXMACOLTD: 01-JUL-2007 to 30-SEP-2007 (Second Quarter)

DIVISLAB Divi'S Laboratories Limited has informed the Exchange regarding a press release which is as follows: "Divi's laboratories has earned a PAT of Rs.91 crores on consolidated basis for the second quarter ending 30th September, 2007. Total income for the quarter grew by 48% to Rs.245 crores. For the corresponding quarter of last year, the company earned a PAT of Rs.30 crores on a total income of Rs.165 crores. For the current half-year, Divi's earned a PAT of Rs.156 crores on income of Rs.475 crores as against a PAT of Rs.56 crores and income of Rs.330 crores during the corresponding previous half-year".

NAVA BHARAT VENTURES LIMITED - Press Release (Oct 27, 17:37)
Nava Bharat Ventures Limited has informed the Exchange regarding a press release dated October 27, 2007, titled "Q2 PAT doubles to Rs.522 million; H1 Net Profits rise 83% to Rs.1,101 million".


GRANULES INDIA LIMITED - Press Release (Oct 27, 14:04)
GRANULES
Granules India Limited has informed the Exchange regarding a press release dated October 27, 2007, titled "Granules India Q1FY08 Net Sales up 10 per cent at Rs 50 cr".

CORPORATION BANK - Standalone Results Update, Half Yearly ended, 30-SEP-2007 (Oct 27, 13:13): Corporation Bank Q2 Net Profit at Rs 161.38 Crores
Corporation Bank has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2007 as follows: Interest earned of Rs. 216417 lacs for the half year ending on 30-SEP-2007 against Rs. 156257 lacs for the half year ending on 30-SEP-2006. Interest expended of Rs. 145712 lacs for the half year ending on 30-SEP-2007 against Rs. 92110 lacs for the half year ending on 30-SEP-2006. Net Profit / (Loss) of Rs. 33849 lacs for the half year ending on 30-SEP-2007 against Rs. 27125 lacs for the half year ending on 30-SEP-2006.


D-Link India Q2 Net Profit at Rs 7.31 Crores



We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com and www.theeconomictimes.com www.indiaearnings.com www.equitybulls.com www.nseindia.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Weekly Gainers

Some of the Top Gainers this week: www.equitymaster.com

COMPANY
PRICE ON Oct 26, 2007 (Rs)
PRICE ON Oct 19, 2007 (Rs)
% CHANGE

INDUSIND BANK
94.85
67.20
41.1%

ADANI EXPORT
836.25
614.25
36.1%

ENGINEERS INDIA
726.35
543.35
33.7%

DREDGING CORP
786.70
588.55
33.7%

JINDAL STEEL
8,382.30
6,499.95
29.0%

L&T
3,876.80
3,023.05
28.2%

LIC HOUSING
274.15
215.70
27.1%

REL. ENERGY
1,670.00
1,333.25
25.3%

SBI
2,083.95
1,667.60
25.0%

KOTAK BANK
1,027.25
828.25
24.0%


IDBI
145.65
119.30
22.1%

RELIANCE CAPITAL
1,820.20
1,497.95
21.5%

MRF LTD.
5,623.90
4,628.50
21.5%

PIDILITE INDUSTRIES
190.20
157.10
21.1%

BOI
307.40
256.25
20.0%


REL PETRO
202.10
168.75
19.8%

ARVIND MILLS
75.20
63.00
19.4%

HMT LTD.
65.75
55.40
18.7%

BHARAT FORGE
336.55
283.80
18.6%

BHEL
2,431.75
2,051.60
18.5%

SAIL
262.85
222.45
18.2%

NOVARTIS
336.05
285.75
17.6%

ROLTA INDIA
695.45
592.25
17.4%

CANARA BANK
288.55
245.85
17.4%

UNION BANK
162.05
138.30
17.2%

----------------------------------------------------

HERC.HOISTS
6,270.90
3,497.40
79.3%

REFEX REFRE
119.30
67.25
77.4%

HFCL INFOTEL
35.05
20.70
69.3%

OCL INDIA
281.70
182.55
54.3%

ASHIANA HSG.
462.95
305.35
51.6%

HIND NAT GLS
908.10
600.10
51.3%

MARG CONSTRUCTION
262.75
180.75
45.4%

STERLING RESORTS
58.10
41.50
40.0%

ECE INDUSTRIES
819.95
589.05
39.2%

PRIME SECURITIES
131.15
95.75
37.0%

------------------------------------------------------


RAMA NEWSPRINT
27.10
9.75
177.9%

P&G
692.00
406.00
70.4%

ECE INDUSTRIES
820.30
591.60
38.7%

ENGINEERS INDIA
727.40
542.65
34.0%

MERCATOR LINES
119.20
89.25
33.6%

INFOMEDIA LTD
219.95
164.80
33.5%

KANORIA CHEMICALS
129.50
97.40
33.0%

DREDGING CORP
781.15
589.05
32.6%

ITD CEMENTATION INDIA
821.30
623.30
31.8%

IND.HUME PIP
990.25
757.00
30.8%

BANNARI AMAN
801.65
621.60
29.0%

PUNJ LLOYD
443.80
344.70
28.7%

KOTHARI PROD
909.55
706.85
28.7%

JINDAL STEEL
8,364.80
6,507.85
28.5%

L&T
3,872.80
3,014.05
28.5%

TCI FINANCE
37.30
29.10
28.2%

DEWAN H.FIN.
86.55
67.55
28.1%


For more, Visit: www.equitymaster.com

We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.equitymaster.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.

Weekly Wrap up: Sensex up 9.58%, highest in six years

Weekly Wrap up: Sensex up 9.58%, highest in six years

The Indian stock market is making all the right moves to register itself in the record books considering the rate at which its reaching new highs in a short period of time.In the last two three weeks BSE Sensex has created many record like, fastest 1,000 points rally in just 4 trading session; biggest intraday point fall on Wednesday last week; biggest gain for Sensex on Tuesday this week; and now biggest one weekly gain since Apr. 20, 2001.

Despite having witnessed a slump on Wednesday (October 17) last week, wherein the BSE Sensex and Nifty hit the lower circuit for the first time since last year, the market exhibited a commendable pick up. The bourses had hit the lower circuit on back of SEBI`s draft proposal on curbing the investment made through P-Notes. This week, the BSE Benchmark Index, Sensex after receiving more clarity on SEBI stand on FII inflows on October 25, posted its biggest one-week gain.

Sensex ended the week on Friday (Oct. 26, 2007) with a weekly gain of 1,683.59 points, or 9.58% at 19,243.17. On the other hand NSE closed up 487 points, or 9.33% at 5,702.30.

On Thursday, the SEBI went ahead with the proposal on P-Notes, which was made on October 16, and announced to disallow issuance of P -Notes with underlying as derivative. Further it announced that now the Pension funds, charities, endowments can invest in India by registering themselves. The Indian investors accepted the decision and pushed the market to touch its all time life high of 19,276.45 on very next day, once again reassuring that the Bulls have not gone for a nap rather they are in the race. For the coming week, the market has two major events that is the RBI Credit policy meeting and Federal Reserve meeting in USA, back to back on Tuesday and Wednesday respectively.

If every thing goes as expected worldwide then we could see a fresh new movement in the world markets, including the Indian stock market which is on a bull run.

A Recap:The BSE benchmark index, Sensex on Monday (Oct. 22, 2007) opened weak at 17,259.65 on account of negative global cues and the SEBI meeting. However in the later half of the day it recoverd smartly and touched an intraday high of 17,704.83. The BSE Sensex closed with a gain of 54.01 points, or 0.31%, at 17,613.99, while the broad-based NSE Nifty lost 31.3 points, or 0.60%, to close at 5,184.00.

On Tuesday (Oct. 23, 2007) Sensex, opened strong at 17,910.30 and traded like an unbridled horse throughout the day. The index gained around 900 points during the day, touching its biggest intraday high.The BSE Sensex closed with hefty a gain of 878.85 points, or 4.99%, at 18,492.84, while the broad-based NSE Nifty gained 289.7 points, or 5.59%, to close at 5,473.70.

On Wednesday (Oct. 24, 2007), just before the SEBI meet on the P-Notes issue, Sensex, opened strong at 18,727.90, however after an hour, the index lost its strength and fell into the negative terrain. The market finally closed on a flat note amidst volatility. The BSE Sensex closed up 20.07 points, or 0.11%, at 18,512.91, while the broad-based NSE Nifty gained 22.45 points, or 0.41%, to close at 5,496.15.

Finally the D-Day came on Thursday (Oct. 25, 2007), where SEBI`s meeting was eyeballed by practically all those who were going to be affected and also those who were not. Sensex opened at 18,519.23, followed by heavy volatility in the next few hours of trading. But just as it started showing a downward trend, the bulls pulled up the indices and intense buying activity was seen in the pivotal stocks. The BSE Sensex closed up 257.98 points, or 1.39%, at 18,770.89, while the broad-based NSE Nifty gained 72.8 points, or 1.32%, to close at 5,568.95After market hours the SEBI head M. Damodaran came out with its decision on P-Notes, disallowing issuance of P -Notes with underlying as derivative and other decisions, which indicated that the SEBI had decided to go ahead with its proposal, and thereby all moves to curb anonymous FII inflow will be stemmed with immediate effect.On last day of the week i.e.

Friday (Oct. 26, 2007) the 30-share benchmark index, Sensex opened on positive note at 18,823.66, despite the SEBI`s decision to go firm on FII inflow. The index proceeded to trade higher throughout the day and touched an all time high of 19,276.45 in the intraday trades.The BSE Sensex closed with a hefty gain of 472.28 points, or 2.52%, at 19,243.17, while the broad-based NSE Nifty gained 133.35 points, or 2.39%, to close at 5,702.30New Listing:Hyderabad-based Maytas Infra, a company engaged in infrastructure development, construction and project management, after listing on bourses on October 25, closed at a premium of 70.27% at Rs 630, a premium of Rs 260, compared with the issue price of Rs 370 a share, at the National Stock Exchange (NSE).

Results announced during the week:On a consolidated basis, Satyam Computer Services, a leading software company, posted 27.92% rise in profit after tax and minority interest as per Indian GAAP of Rs 4,090.90 million for the quarter ended Sep. 30, 2007 as compared with Rs 3,198.10 million for the quarter ended Sep. 30, 2006.Suzlon Energy on a consolidated basis posted a growth of 67.74% in net profit to Rs 3,947.00 million for the quarter ended September 2007 as compared with Rs 2,353.70 million for the corresponding quarter, last year.

Reliance Capital, an Anil Ambani Group company, announced a 20.42% rise in net profit after tax of Rs 2,012.80 million for the second quarter ended September 2007 as compared to Rs 1,671.50 million for the comparable quarter, last year. ABB, a leader in power and automation technologies, disclosed a steady rise in net profit for the quarter ended September 2007. During the quarter, the company experienced a 40.83% rise in profit to Rs 1,156.88 million from Rs 821.43 million in the quarter ended September 2006.

Larsen & Toubro (L&T), the heavy engineering giant posted a robust 72.95% increase in net profit to Rs 3,480.20 million for the quarter ended Sep. 30, 2007 as compared with Rs 2,012.20 million in the same quarter, last fiscal. ITC, the FMCG major, registered a 13.43% increase in net profit to Rs 7,708.70 million, for the quarter ended Sep. 30, 2007, as compared with Rs 6,796.00 million in the same quarter, a year ago.

Tata Steel, India`s largest private sector steel company reported a marginal rise in net profit for the quarter ended September 2007. During the quarter, the company experienced a 8.11% rise in profit to Rs 11,908.30 million from Rs 11,014.90 million in the quarter ended September 2006.Economy Watch:India`s wholesale price index (WPI) based Inflation remained unchanged at 3.07% for the week ended October 13, from the previous week. The headline inflation is at its 5-year low since October 2002.



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Day's Quote/Corporate Story

Quote of the Day

" Even when I went to the playground, I never picked the best players. I picked guys with less talent, but who were willing to work hard, who had the desire to be great."


Corporate/Personality of the Day

Amar Gopal Bose (Bengali: Ômor Gopal Boshu) (born November 2, 1929) is the chairman and founder of Bose Corporation. A Bengali Indian American electrical engineer, he was listed on the 2007 Forbes 400 with a net worth of $1.8 billion.
Bose was born and raised in Philadelphia, Pennsylvania; his father, Noni Gopal Bose, was an Indian freedom revolutionary from Bengal who having been imprisoned for his political activities, fled Kolkata (Calcutta) in the 1920s in order to avoid further prosecution by the British colonial police.
Amar Bose attended Abington Senior High School and later obtained a Ph.D. from the Massachusetts Institute of Technology (MIT). His PhD thesis was a highly mathematical treatise on non-linear systems.

For More, Visit: http://en.wikipedia.org/wiki/Amar_Bose



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