ET Top Stories

http://economictimes.indiatimes.com/


Stocks to buy: HDIL, Exide industries : Jan 9th Article.
Heard on the street : SpiceJet, MRO Tech : Jan 9th article
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Sensex shrugs off FII void to hit 21K
Shaky at higher levels Sensex fails to hold 21k
Nifty tops Sensex in 2007 returns
Manaksia lists at 9.56% on NSE

SBI, ICICI buy 3% in Jaiprakash Power Ventures
Bull run and India's consumption story
Patel Engg Q3 net 32% higher at Rs 32 cr
Mahindra & Mahindra buys Italian design firm

PGCIL to call bids for $1 bn transmission system in Feb
ADAG in talks with US largest miner NACC for JV
Simplex bags Rs 481 cr order for civil work
Emaar MGF Land to raise up to $1.5 bn in India IPO

Infosys results keep investors on the edge
Promoters cash on share boom; overseas investors ready to buy
Need for cleaner capital market



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Deadpresident Blog Updates

http://deadpresident.blogspot.com


The elephant and the bull market
Q3FY2008 Earnings Preview

Emaar MGF IPO coming soon
Market up but smallcaps slaughtered

Market Close: 21k touched but..Couldn't sustain?
India Investment Strategy

India Equity Investment Strategy
India Strategy, Sun TV, Ashok Leyland

Everest Kanto, Panacea Biotec, Cement, Banking
Simplex Infrastructures

Post Session Market Commentary
Manaksia ends 5% higher on debut

Small-cap, mid-cap indices retreat even as Sensex strikes record high
Market ends flat amid volatility

Nicholas Piramal
IPO Grey Market Premiums



Source: http://deadpresident.blogspot.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.

Myiris.com, Moneycontrol.com Updates

Myiris.com

Brokers` outlook: Market may continue to be choppy on Wed
Power Grid board earmarks Rs 85 bn capex for FY 09
Manaksia settles at 2.94% premium at NSE on day 1
Koutons Retail eyes 51% stake in Touchwood International

SREI Infrastructure Finance launches new financial instrument
BT Group selects Subex Azure for 3 separate deployments
MF Global maintains `BUY` on Simplex Infrastructures
Simplex Infrastructures bags order worth Rs 4.81 bn

Adani Enterprises to raise Rs 30 bn via QIP
Emaar MGF Land to raise up to USD 1.5 bn
December car sales up 8.87%, bike sales dip 11.45%
Sterlite Technologies bags contract worth Rs 1.4 bn

Cheers! Sensex welcomes 2008 with 21K
RNRL likely to acquire overseas mines for Krishnapatnam project
Bajaj Hindustan forays into infra biz
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Moneycontrol.com

Mkts end flat amid volatility: Metals, midcaps down
Liquidity to dominate mkt proceedings in 2008: BNP Paribas
IT earnings to spring +ve surprise: ABN Amro
'Sensex cos' earnings to grow at 17.5%'

Sensex takes 49 days for journey to 21K
Still bullish on mid & smallcaps: Angel
RNRL can touch Rs 265-270 in short-term
Largecaps may outperform other stocks in '08: DSP ML

Midcap pick: Dishman Pharma set to grow big
CLSA sees Sensex EPS growth of 26% in FY09
Grey mkt overpriced Reliance Power IPO: Vijay
Manaksia ends with 4.7% premium
J Kumar Infra fixes IPO price band at Rs 110-120/sh

Sebi to provide tonic for infra projects now


Source: www.moneycontrol.com and www.myiris.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Results: Prism, Shree Cement, Patel Engg Etc

Myiris.com

Sree Rayalaseema Alkalies`net up 32.72% in Dec`07 qtr

Prism Cement net up 28.67% for Dec`07 qtr

Hyderabad-based cement maker Prism Cement (Q, N,C,F)* reported 28.67% growth in net profit to Rs 644.50 million for the latest quarter ended December 2007 as compared with Rs 500.90 million in the corresponding quarter, last fiscal.Net sales for the quarter increased 20.05% to Rs 2,281.10 million as against Rs 1,900.10 million for the same quarter, a year ago.
Total income for the latest quarter rose 21.79% to Rs 2,321.80 million from Rs 1,906.40 million for the corresponding quarter, last year.

The earnings per share (EPS) of the company rose 28.57% to Rs 2.16 for the quarter ended December 2007.Shares of the company gained Rs 1.35, or 1.8%, to trade at Rs 76.2. The total volume of shares traded was 688,228 at the BSE. (12.07 p.m., Tuesday).

Patel Engineering net up 20.10% in Dec`07 qtr

Patel Engineering registered a 20.10% rise in net profit to Rs 350.30 million for the quarter ended December 2007, as against Rs 291.65 million for the same quarter, a year ago.
Net sales rose 20.05% to Rs 2,621.60 million in the quarter ended December 2007, from Rs 2,183.63 million in the corresponding quarter, last year.Total income rose 20.81% to Rs 2,651.10 million in the latest quarter from Rs 2,194.38 million, a year ago.The basic and diluted earnings per share after extraordinary items, stood at Rs 5.88 for the quarter ended December 2007 as against Rs 5.04 in the corresponding quarter, last year.

Patel Engineering operates in the areas of industrial complexes, building projects, power projects & underground works, dams, bridges & marine works. The company has been involved in implementing projects relating to steel plants, oil refineries, foundries & machine shops, chemical plants, thermal, atomic and hydro-electric projects, tunneling and underground construction, dams, bridges and marine works.Shares of the company were last trading down Rs 5.5, or 0.55%, at Rs 993.95. The total volume of shares traded at the BSE was 22,910. (11.20 a.m., Tuesday ).


Shree Cement Q3 net profit down at Rs 35

Shree Cement Q3 net profit down at Rs 35 cr
Shree Cements announced its Q3 FY08 result. The company in Q3 of FY08 has posted standalone net profit of Rs 35 crore versus Rs 104 crore on YoY basis.
During the same period, the company's standalone net sales were seen up at Rs 523.6 crore versus Rs 364.5 crore, YoY.

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Today Results:


Results Calender

Axis Bank 09-Jan-08

iGATE Solutions 09-Jan-08

Mastek 09-Jan-08

South Ind Bk 09-Jan-08



Source: www.indiaearnings.moneycontrol.com and www.myiris.com . We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.

Sensex achieves 21K milestone

Sensex achieves 21K milestone

Mumbai (PTI): On hopes of corporates posting good results for the third quarter, the Bombay Stock Exchange benchmark Sensex on Tuesday surpassed a new milestone of 21,000 points during the intra-day but ended the day below the peak level in volatile trade amid mixed global cues.

The Sensex hit an all-time trading peak of 21,077.53 points but rolled back to 20,873.33 points, a gain of 60.68 points compared to its Monday's close.
The index fluctuated widely in more than 600 points.

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Sensex ends 61 pts up
Shaky at higher levels Sensex fails to hold
Nifty tops Sensex with 60% returns in '07
Sensex firms may lead Q3 slowdown

NSE 6287.85 8.75
BSE 20873.33 60.68



Equities, led by heavyweights, opened on a high note this morning thanks to a recovery in global markets. And the benchmark indices Sensex and Nifty scaled new peaks in virtually no time.
While the Sensex vaulted past the 21,000 mark for the first ever time and touched a new all-time high of 21,077.53, the Nifty raced past its previous best of 6300.05 to 6357.10. But then, the fall from those levels also happened in a flash. Though the Sensex managed to hang on in the positive territory for a long time, the Nifty found the going quite tough and slipped into the negative zone in mid-morning trade.

While the Sensex, which plunged to 20,696.60 in intra-day trades, ended with a sharp gain of 60.68 points or 0.29% at 20,873.33, the Nifty settled at 6287.85, well off its low of 6221.60, with a gain of 0.14% or 8.75 points. Even as information technology, telecom, oil and select bank stocks held on to their gains, stocks from auto, metal and power sectors turned easy on selling pressure. Buying remained stock specific in realty, FMCG and capital goods sectors.

Midcap and smallcap stocks were hammered down today. So strong was the sell-off in these segments that the Midcap and Smallcap indices went down by 2.82% and 3.28% respectively.
Bharti Airtel (4.05%), HDFC Bank (3.6%), Satyam Computer Services (2.7%), State Bank of India (2.6%) and Mahindra & Mahindra (2.45%) ended with handsome gains. Index heavyweights Reliance Industries (1.2%), Infosys Technologies (1.5%), Reliance Communications (1.8%) and ONGC (1.7%) had an impressive outing as well.

DLF, Larsen & Toubro, Reliance Energy and Tata Consultancy Services also finished on a high note with strong gains to their credit. Wipro ended nearly a per cent up. Bajaj Auto managed to post a small gain.

Among the losers, Grasim Industries, Hindalco and Tata Steel eased by 3.25%, 3.75% and 3.65% respectively. ACC, Cipla, Hindustan Unilever, HDFC, ICICI Bank, Maruti Suzuki, NTPC, Reliance Energy and Tata Motors lost 1% - 2.5%. Ambuja Cements, BHEL and Ranbaxy Laboratories closed lower by 0.5% - 0.75% while ITC ended with a small loss.
Oil stock BPCL closed with a sharp loss of 5.65%. Cairn India, Nalco, Sterlite Industries, Tata Power, SAIL, Zee Entertainment, Unitech, Reliance Petroleum, Hero Honda, Idea Cellular, Punjab National Bank, Sun Pharmaceuticals, VSNL, Dr. Reddy's Laboratories and Siemens also ended sharply lower today.

Suzlon Energy, the biggest gainer among Nifty stocks, closed stronger by 4.7%. GlaxoSmithKline Pharma moved up by 4.35%. HCL Technologies and GAIL India also ended on a firm note.
Engineers India, Polaris, HDIL, Asian Paints, MphasiS, GlaxoSmithKline Consumer Healthcare, ICI India, JB Chemicals, IPCA Laboratories, Nestle, Reliance Natural Resources, United Spirits, Tech Mahindra, i-Flex Solutions, Bajaj Hindustan, Karnataka Bank, Sintex Industries, KEI Industries, Balkrishna Industries, EID Parry, Jai Corp, Shaw Wallace, REI Agro, Geojit Financial Services, Karuturi Network, Bajaj Auto Finance and Madhucon Projects were among the prominent gainers today.

Due to heavy selling in midcap and smallcap stocks, the market breadth was very weak today. Out of 2922 stocks traded on BSE, as many as 2369 stocks ended in the negative territory. 541 stocks posted gains and 12 stocks ended at their previous closing levels

Other Sify Stories:

Tax-saving plans: It's not too late to invest
REL to raise Rs 5k cr
SREI Infra to raise $50 m
Simplex bags Rs 481 cr order

Bajaj to launch small car in 2-4 years
Future Money takes lending inside stores
Sarda Energy to install 1,100 MW thermal power plant
Vedanta to invest Rs 50,000 cr in metals, mining, power

Webel-Sl Energy to raise Rs 150 cr
Manaksia lists at 25% premium on BSE
RNRL may buy overseas mines for AP mega project
Reliance Power aims for a global presence



Source: www.sify.com and www.thehindu.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.