Bharat Heavy Electricals net profit declines 10.45% in the September 2008 quarter
Net profit of Bharat Heavy Electricals declined 10.45% to Rs 615.77 crore in the quarter ended September 2008 as against Rs 687.66 crore during the previous quarter ended September 2007. Sales rose 34.73% to Rs 5342.63 crore in the quarter ended September 2008 as against Rs 3965.36 crore during the previous quarter ended September 2007
NTPC net profit rises 9.61% in the September 2008 quarter
Net profit of NTPC rose 9.61% to Rs 2110.51 crore in the quarter ended September 2008 as against Rs 1925.49 crore during the previous quarter ended September 2007. Sales rose 20.51% to Rs 9661.42 crore in the quarter ended September 2008 as against Rs 8016.86 crore during the previous quarter ended September 2007.
Tata Steel net profit rises 50.13% in the September 2008 quarter
Net profit of Tata Steel rose 50.13% to Rs 1787.81 crore in the quarter ended September 2008 as against Rs 1190.83 crore during the previous quarter ended September 2007. Sales rose 43.14% to Rs 6850.67 crore in the quarter ended September 2008 as against Rs 4785.90 crore during the previous quarter ended September 2007.
Hindustan Unilever net profit rises 33.95% in the September 2008 quarter
Net profit of Hindustan Unilever rose 33.95% to Rs 546.61 crore in the quarter ended September 2008 as against Rs 408.06 crore during the previous quarter ended September 2007. Sales rose 22.18% to Rs 4110.91 crore in the quarter ended September 2008 as against Rs 3364.63 crore during the previous quarter ended September 2007.
Maruti Suzuki India net profit declines 36.52% in the September 2008 quarter
Net profit of Maruti Suzuki India declined 36.52% to Rs 296.12 crore in the quarter ended September 2008 as against Rs 466.50 crore during the previous quarter ended September 2007. Sales rose 9.81% to Rs 4993.62 crore in the quarter ended September 2008 as against Rs 4547.37 crore during the previous quarter ended September 2007
Ambuja Cements net profit declines 7.40% in the September 2008 quarter
Hindustan Construction Company net profit rises 71.45% in the September 2008 quarter
Rural Electrification Corporation net profit rises 35.91% in the September 2008 quarter
Great Eastern Shipping Company net profit rises 47.66% in the September 2008 quarter
ABB net profit declines 9.42% in the September 2008 quarter
IDBI Bank net profit rises 4.50% in the September 2008 quarter
ITC net profit rises 4.13% in the September 2008 quarter
Net profit of ITC rose 4.13% to Rs 802.72 crore in the quarter ended September 2008 as against Rs 770.87 crore during the previous quarter ended September 2007. Sales rose 18.00% to Rs 3862.67 crore in the quarter ended September 2008 as against Rs 3273.38 crore during the previous quarter ended September 2007.
JSW Steel net profit declines 40.57% in the September 2008 quarter
Net profit of JSW Steel declined 40.57% to Rs 317.45 crore in the quarter ended September 2008 as against Rs 534.19 crore during the previous quarter ended September 2007. Sales rose 56.35% to Rs 4309.05 crore in the quarter ended September 2008 as against Rs 2756.02 crore during the previous quarter ended September 2007.
Tata Steel Q2 net up 50% at Rs 1,787.80 cr
Godrej Q-2 PAT down 4.43% at Rs 32.26 cr
Bharat Electronics Q2 net at Rs 124 crore
Dewan Housing second quarter PAT up 36%
Shriram Transport Finance Q2 net up 79%
Aditya Birla Nuvo Q2 net loss at Rs 105 crore
Alstom Projects Q2 net up two-fold at Rs 59.01 crore
Binani Cement Q2 net dips 44% at Rs 27 crore
Crisil Q2 net up 57% at Rs 42.32 crore
Jain Irrigation Q2 net slipsJSW Steel Q2 net falls over 50% at Rs 257.50 cr
Ambuja Cements Q3 net dips 7% at Rs 250 cr
Kirloskar Pneumatic Q2 net up 64% at Rs 7 cr
Shriram Transport Q2 net up 79.40%
ABB Q3 net down 9% at Rs 105 crMirc Electronics Q2 net dips 92%
BHEL net down 10.45% in Q2
Hindustan Unilever Q3 net up 34%
Tata Metaliks second quarter net at Rs 12.78 crore
Maruti net slides 37% at Rs 296 crore in Q2
Mahindra Ugine net loss in Q2 stands at Rs 1 crore
United Breweries Q2 net slips 51% at Rs 5 crore
HCC posts 72% higher 2nd quarter PAT
ITC Q2 net up 4.10% at Rs 802.70 cr
Oracle Financial Q2 PAT up 45.30%
Jaiprakash Hydro Q2 net down 48%
PTC India net profit rises 187.19% in the September 2008 quarter
NTPC Q2 net profit at Rs 2110.5cr
Tata Steel Q2 net profit at Rs 1787.81 cr
BHEL Q2 net profit at Rs 615.77 cr
ITC Q2 net profit at Rs 802.72 cr
JSW Steel Q2 consolidated net profit at Rs 252.4 cr
IDBI Bank Q2 net profit up at Rs 162.49 cr
ABB Q3 net profit up at Rs 104.8 cr
Maruti Q2 standalone net profit at Rs 296.1 cr
HUL Q3 net profit at Rs 547 cr
ITC Q2 net profit at Rs 802.72 cr
Lupin Q2 net profit at Rs 116 cr
SRF Q2 standalone net profit at Rs 58.9 cr
Alfa Laval Q3 net profits at Rs 21.38cr
GAIL Q2 net profit at Rs 1,023.45 cr
Other Results:
Usha Martin net profit rises 16.70% in the September 2008 quarter
Gujarat State Petronet net profit rises 74.32% in the September 2008 quarter
Monsanto India net profit rises 32.80% in the September 2008 quarter
Engineers India net profit rises 33.43% in the September 2008 quarter
Indian Hume Pipe Company net profit rises 32.22% in the September 2008 quarter
Great Offshore net profit declines 65.97% in the September 2008 quarter
Colgate-Palmolive (India) net profit rises 16.00% in the September 2008 quarter
Mahindra Lifespace Developers net profit declines 43.63% in the September 2008 quarter
Gammon India net profit declines 39.87% in the September 2008 quarter
Dishman Pharmaceuticals and Chemicals net profit rises 19.48% in the September 2008 quarter
CRISIL net profit rises 84.86% in the September 2008 quarter
Bank of Maharashtra net profit declines 22.00% in the September 2008 quarter
Meghmani Organics net profit rises 67.86% in the September 2008 quarter
Graphite India net profit rises 25.56% in the September 2008 quarter
Torrent Pharmaceuticals net profit rises 18.68% in the September 2008 quarter
PVR net profit rises 26.88% in the September 2008 quarter
Balaji Telefilms net profit declines 31.01% in the September 2008 quarter
Rain Commodities net profit declines 44.82% in the September 2008 quarter
Sterling Biotech net profit rises 22.92% in the September 2008 quarter
Glaxosmithkline Pharma net profit declines 47.00% in the September 2008 quarter
Gujarat Mineral Development Corporation net profit declines 55.36% in the September 2008 quarter
Jain Irrigation Systems net profit declines 18.33% in the September 2008 quarter
Aditya Birla Nuvo net profit rises 19.07% in the September 2008 quarter
Shriram Transport Finance Company net profit rises 79.41% in the September 2008 quarter
Bharat Electronics net profit rises 0.73% in the September 2008 quarter
Bharat Heavy Electricals net profit declines 10.45% in the September 2008 quarter
Alstom Projects India net profit rises 143.84% in the September 2008 quarter
ABB net profit declines 9.42% in the September 2008 quarter
Great Eastern Shipping Company net profit rises 47.66% in the September 2008 quarter
Maruti Suzuki India net profit declines 36.52% in the September 2008 quarter
Rural Electrification Corporation net profit rises 35.91% in the September 2008 quarter
Asian Paints net profit rises 12.24% in the September 2008 quarter
Zee News net profit rises 99.30% in the September 2008 quarter
Ashapura Minechem reports net loss of Rs 18.88 crore in the September 2008 quarter
Source: ET,BL,Indiaearnigns,capital market etc
24 October 2008
Black FRIDAY, Worst fall; Sensex loses 1070 pts; Below 9K
Market suffers worst fall; Sensex loses 1070 points
Investors will remember October 24, 2008 as the blackest Friday the Indian stock market has seen and would want to put it behind them soon as possible.
In one of the worst trading sessions, investors helplessly saw their investments being wiped out. Those who were praying for a pull-back were left in the lurch as determined bears tore the market apart. The gains of the four-year bull-run were lost in just eight months. The biggest damage being suffered in last one month, with the indices losing over 36 per cent For traders, it was a nightmare as red blips flashed on their terminals.
The bear onslaught saw their stop-losses getting triggered. The party on the Dalal Street is over, but few would have expected such a savage end where share prices of blue-eyed large cap companies were reduced to that of smallcaps. Reliance Industries and ONGC were down 16.44 per cent and 15.01 per cent respectively. Indian equities were the worst performers.
Bombay Stock Exchange’s Sensex plunged 11 per cent or 1070.63 points to close at 8,701.07. The index touched a low of 8566.82. National Stock Exchange’s Nifty ended at 2584, down 12.20 per cent or 359.15 points. The broader index touched a low of 2525.05.
DLF (-23.96%), Ranbaxy Laboratories (-17.83%), Hindalco Industries (-17.82%), Tata Motors (-16.54%), Reliance Industries (-16.44%) and Mahindra & Mahindra (-16.04%) were the worst hit. BSE Midcap closed 8.38 per cent lower and BSE Smallcap Index ended 7.66 per cent down. The BSE Realty Index slumped 24.39 per cent and BSE Oil & Gas Index lost 14.97 per cent. Market breadth on BSE collapsed with 1835 declines against 247 advances. “Markets have fallen too much and moving up will take some time.
It can’t be said as of now whether the correction is over. Though we are in an oversold zone, news from the US markets and liquidity flows will govern the market,” said Dipen Shah, vice-president, private client group of Kotak Securities. However, this doesn’t seem to be the end of catastrophic fall on the Indian bourses. US stock futures hit lower circuit Friday an hour and half before the market opens. The Dow Jones Industrial Average futures slipped 550 points, or 6.27 percent and Standard & Poor's 500 futures shed 60 points or 6.56 per cent. Earlier in the day, Japan’s Nikkei 225 ended -9.60 per cent lower, Kospi fell 10.57 per cent and Hang Seng declined 8.30 per cent.
European markets also witnessed sharp correction. FTSE 100 was down 8.96 per cent, CAC 40 was down 8.90 per cent and DAX plunged 9.58 per cent. Shah’s advice to investors is to not panic and sell out everything. “There are still fundamentally sound stocks available at attractive levels. Good quality stocks in largecaps should not be sold and must be accumulated with medium to long term view.” Markets opened with a sharp cut but caved in after the Reserve Bank of India announced its half-yearly economic policy review, wherein it left policy rates and reserve ratios unchanged. The central bank also revised lower GDP growth target to 7.5-8.0 per cent from 8.0 per cent earlier but maintained the inflation target at 7 per cent for FY09. The revision in GDP growth forecasts led to panic among investors, already shaken by the relentless sell-off by foreign funds. There were market reports that long only funds and domestic institutions were too on sell-side.
Deven Choksey, MD, K R Choksey, said, “The arbitrage funds became really active today. They were involved in some reverse arbitrage selling in cash
and buying in the derivatives markets. Secondly, shorting by the FIIs is still rampant and even SEBI's involvement had been in vain. A lot of damage has happened to the markets and it is too late even for the regulators to take some action. Also, RBI lowered the economic growth targets adding fuel to the fire.” In today’s trade, foreign funds provisionally sold equities worth Rs 1,431 crore while domestic institution bought equities worth Rs 514 crore. Finance Minister P Chidambaram tried to intervene and calm frayed nerves but that helped little and markets plunged even further. On the RBI’s policy review meet, Chidambaram said the decision to keep rates steady was on expected lines. He added that the central bank would infuse liquidity and if required, would adopt conventional and unconventional tools.
Hopes shattered; Nifty ends 13% down
Nifty, Sensex each down 10%, Unitech slumps 52%
Bears attack Dalal Street;Sensex down 1000 points
No respite for market despite FM appeal; Sensex below 9000
Market melt downs;Sensex breaches 9000
Bank Nifty slumps 10%, Nifty below 2700
Rupee slips to record low of 50.15 per dollar
-----------------------------------------
Carnage on Dalal Street
Sensex nosedives below 9K
PM blames 'three failures' for global financial crisis
Sensex tanks 1071 pts; Nifty plunges 359 pts
Mayhem on Dalal St... Sensex bleeds nearly 1,100pts
Reliance falls to 52-week low on below expectation results
Markets rout hits investors hard; Sensex down 1,070 points
Post Session Commentary - Oct 24 2008
Market mauled in global rout in equities, disappoi...
Source: Sify,ET,BS,BL, DP blog etc
Investors will remember October 24, 2008 as the blackest Friday the Indian stock market has seen and would want to put it behind them soon as possible.
In one of the worst trading sessions, investors helplessly saw their investments being wiped out. Those who were praying for a pull-back were left in the lurch as determined bears tore the market apart. The gains of the four-year bull-run were lost in just eight months. The biggest damage being suffered in last one month, with the indices losing over 36 per cent For traders, it was a nightmare as red blips flashed on their terminals.
The bear onslaught saw their stop-losses getting triggered. The party on the Dalal Street is over, but few would have expected such a savage end where share prices of blue-eyed large cap companies were reduced to that of smallcaps. Reliance Industries and ONGC were down 16.44 per cent and 15.01 per cent respectively. Indian equities were the worst performers.
Bombay Stock Exchange’s Sensex plunged 11 per cent or 1070.63 points to close at 8,701.07. The index touched a low of 8566.82. National Stock Exchange’s Nifty ended at 2584, down 12.20 per cent or 359.15 points. The broader index touched a low of 2525.05.
DLF (-23.96%), Ranbaxy Laboratories (-17.83%), Hindalco Industries (-17.82%), Tata Motors (-16.54%), Reliance Industries (-16.44%) and Mahindra & Mahindra (-16.04%) were the worst hit. BSE Midcap closed 8.38 per cent lower and BSE Smallcap Index ended 7.66 per cent down. The BSE Realty Index slumped 24.39 per cent and BSE Oil & Gas Index lost 14.97 per cent. Market breadth on BSE collapsed with 1835 declines against 247 advances. “Markets have fallen too much and moving up will take some time.
It can’t be said as of now whether the correction is over. Though we are in an oversold zone, news from the US markets and liquidity flows will govern the market,” said Dipen Shah, vice-president, private client group of Kotak Securities. However, this doesn’t seem to be the end of catastrophic fall on the Indian bourses. US stock futures hit lower circuit Friday an hour and half before the market opens. The Dow Jones Industrial Average futures slipped 550 points, or 6.27 percent and Standard & Poor's 500 futures shed 60 points or 6.56 per cent. Earlier in the day, Japan’s Nikkei 225 ended -9.60 per cent lower, Kospi fell 10.57 per cent and Hang Seng declined 8.30 per cent.
European markets also witnessed sharp correction. FTSE 100 was down 8.96 per cent, CAC 40 was down 8.90 per cent and DAX plunged 9.58 per cent. Shah’s advice to investors is to not panic and sell out everything. “There are still fundamentally sound stocks available at attractive levels. Good quality stocks in largecaps should not be sold and must be accumulated with medium to long term view.” Markets opened with a sharp cut but caved in after the Reserve Bank of India announced its half-yearly economic policy review, wherein it left policy rates and reserve ratios unchanged. The central bank also revised lower GDP growth target to 7.5-8.0 per cent from 8.0 per cent earlier but maintained the inflation target at 7 per cent for FY09. The revision in GDP growth forecasts led to panic among investors, already shaken by the relentless sell-off by foreign funds. There were market reports that long only funds and domestic institutions were too on sell-side.
Deven Choksey, MD, K R Choksey, said, “The arbitrage funds became really active today. They were involved in some reverse arbitrage selling in cash
and buying in the derivatives markets. Secondly, shorting by the FIIs is still rampant and even SEBI's involvement had been in vain. A lot of damage has happened to the markets and it is too late even for the regulators to take some action. Also, RBI lowered the economic growth targets adding fuel to the fire.” In today’s trade, foreign funds provisionally sold equities worth Rs 1,431 crore while domestic institution bought equities worth Rs 514 crore. Finance Minister P Chidambaram tried to intervene and calm frayed nerves but that helped little and markets plunged even further. On the RBI’s policy review meet, Chidambaram said the decision to keep rates steady was on expected lines. He added that the central bank would infuse liquidity and if required, would adopt conventional and unconventional tools.
Hopes shattered; Nifty ends 13% down
Nifty, Sensex each down 10%, Unitech slumps 52%
Bears attack Dalal Street;Sensex down 1000 points
No respite for market despite FM appeal; Sensex below 9000
Market melt downs;Sensex breaches 9000
Bank Nifty slumps 10%, Nifty below 2700
Rupee slips to record low of 50.15 per dollar
-----------------------------------------
Carnage on Dalal Street
Sensex nosedives below 9K
PM blames 'three failures' for global financial crisis
Sensex tanks 1071 pts; Nifty plunges 359 pts
Mayhem on Dalal St... Sensex bleeds nearly 1,100pts
Reliance falls to 52-week low on below expectation results
Markets rout hits investors hard; Sensex down 1,070 points
Post Session Commentary - Oct 24 2008
Market mauled in global rout in equities, disappoi...
Source: Sify,ET,BS,BL, DP blog etc
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