Corporate Q4 Results from CM, MC

Capitalmrket.com

Jammu and Kashmir Bank net profit rises 32.07% in the March 2008 quarter
Adhunik Metaliks net profit rises 1.48% in the March 2008 quarter
IFB Agro Industries net profit declines 4.55% in the March 2008 quarter
Motherson Sumi Systems net profit declines 0.56% in the March 2008 quarter
PVR net profit rises 22.73% in the March 2008 quarter
Mcleod Russel India reports net loss of Rs 97.34 crore in the March 2008 quarter

Page Industries reports net profit of Rs 4.35 crore in the March 2008 quarter
Swaraj Mazda net profit rises 11.85% in the March 2008 quarter
Welspun India reports net loss of Rs 2.86 crore in the March 2008 quarter
Bank of Rajasthan net profit rises 20.80% in the March 2008 quarter
Kamat Hotels India net profit declines 45.70% in the March 2008 quarter

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Indiaearnings.com

Educomp FY08 cons net profit at Rs 70.6 cr
Nagarjuna Construction Q4 net profit at Rs 52.63 cr
Sun Pharma Q4 cons net profit at Rs 723 cr
Deepak Fert Q4 FY08 PAT at Rs 31.3cr
Tata Tea Q4 cons net profit at Rs 113 cr
Colgate Q4 net profit up at Rs 55.6 cr

Punj Lloyd FY08 cons PAT up at 358.42 cr
Dabur Pharma FY08 net profit at Rs 98.6 cr
Sobha Dev FY08 net profit up at Rs 228.3 cr
Pricol Q4 net profit at Rs 5.25 cr
Cinemax India Q4 net profit at Rs 1.31 cr
Aegis Logistics Q4 net profit at Rs 12.03 cr

Tamil Nadu Newsprint Q4 net profit at Rs 27.38 cr
Datamatics Tech Q4 net profit at Rs 7.2 cr
Ipca Labs FY08 net up at Rs 141 cr
Orchid Chem cons FY08 net up at Rs 175.34 cr
Monsanto India Q4 net profit at Rs 12.55 cr
HPCL Q4 net profit at Rs 384.5 crore

JM Financial Q4 net profit at Rs 100.06 cr
Hindustan Dorr-Oliver Q4 net profit at Rs 9.48 cr
ICRA Q4 net profit at Rs 8.24 cr
Emami Q4 net profit at Rs 34.95 cr



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Corporate Headlines from ET, MC

Economic Times.Com

Fuel price cap helped trim inflation: Govt
Capital goods sector vibrant; investments to drive economy: FM
High interest rates, strong Re pulls industrial growth down to 6.4 pc
Oil PSUs board rickshaws to keep losses under check
New cos explore opportunities in buoyant oil and gas
Rupee appreciation contributed to fall in inflation: FinMin
Reliance bags Oman deepwater block


Indiaco Ventures buys 20.83% stake in Laser Cosmetics
IVRCL Infra acquires Alkor Petroo
RBI in talks for financing projects
Post-Diwali: Marching towards 21K
Historically, investors generally gain post-Diwali

MMTC becomes most valued PSU
Sterlite Tech announces optic fibre capacity expansion
Finance Ministry's view on SBI fund raising soon
Allianz fund arm keen to enter Indian market
ICICI Venture invests $10 mn in RG Stone Research Inst
Havells sees Rs 2,000 cr revenue in 2007/08

UTI Mutual launches new infrastructure fund
Suryachakra in Chinese tie-up for power project
India's Sept industrial output seen up 9.9% [
Ashok Leyland expects truck sales to revive from Jan
Indiaco Ventures buys 20.83% stake in Laser Cosmetics
OIL eyes 5 more blocks in Africa

40 PEs, others line up for stake in Tatasb tower biz
CII sees negative growth in 17 sectors
Manufacturing sectors take a hit: CII Ascon poll
India's Sept industrial output seen up 9.9%
Consumer durables sector pulls down IIP to 6.4%

Markets continue to draw FII investments
Hot Stocks Platter: Bharti Airtel, Zodiac Clothing, Graphite India and Elgi Equipment
FII scorecard: India's loss is Korea's gain
Easier IPO pricing & disclosure rules likely
TCS launches new solutions for airlines

The subprime aftermath
Sensex as a trademark
IPO Watch: Edelweiss Capital

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Moneycontrol.Com

Overall macro-economics still strong: FM
BSE IPO to hit mkt before March ’08: Srcs
Post sell off, do these stocks look attractive?
Neyveli Lignite has target of Rs 225
Stocks that brokerage houses are betting on
Markets make meaningful comeback; outperform Asia
Which midcaps is India Infoline positive on?
JPMorgan AMC launches ‘Smaller Companies Fund’


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RPL News, Corporate Headlines from ET, MC

Moneycontrol.Com

Reliance Petroleum has target of Rs 325-...
Chevron eyes 24% stake in RPL
How does RPL compare to its global peers?
RNRL can test Rs 150: Gaba

RPL or Chevron: Which one's at a
How does RPL compare to its global peers?
2007-11-02 14:23:20 Source : moneycontrol.com
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Chevron has said it is evaluating buying stake in Reliance Petroleum, reports CNBC-TV18. It has time till July 2009 to decide and has an option to buy up to 24% in the company.

So, how does RPL compare to its global peers?

Analysts feel that a lot of that is priced into RPL’s price. The stock has seen a steep movement. In fact, the market capitalization of RPL as of now is over USD 30 billion. This, they added, gives you an indication about the valuations it is getting, ahead of the commencement of its operations, which is expected by July next year.

Most analysts are looking at a gross refining margins, or GRM, of USD 15-18 in the first three years of operations. Now, with crude hovering over USD 95, analysts feel that GRMs are expected to be sustained for at least 10-years instead of 3-years. This means that analysts are discounting the cyclical factor of crude prices.

Analysts feel that one should look at RPL’s earnings and sales as a normal company. So for FY10, they are expecting revenue growth at nearly USD 14.2 billion and profitability of USD 2.25 billion. For a company that will come out with such sustained profitability of USD 2.25 billion, given the constant GRMs of USD 15-18 for the next few years, the market is definitely pricing in a higher PE for RPL.

According to analysts, Infosys is being given a PE of 20-25 times FY10. So, why should RPL which is coming out with similar profits not be given the same kind of PE, they question. But that is on the extreme side. Currently, RPL’s PE is hovering around 16 times FY10, which is much higher than global peers.

In fact, Chevron PE is around 9 to 10 times forward PE while Reliance Petroleum is trading at a premium to that, analysts said. However, Chevron has a market capitalization of USD 190 billion and has a refining capacity of nearly 132 million tonne. In that sense, RPL is trading at a premium to its global peers and a lot of this is being going to be discounted when the refinery comes on stream next year.

Reliance Petroleum has target of Rs 325-330: Bose
2007-11-02 11:08:19 Source : moneycontrol.com
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Technical Analyst, Rajat K Bose is of the view that Reliance Petroleum has target of Rs 325-330.
Bose told CNBC-TV18, "Beyond Rs 291 is difficult to project because the run up in Reliance Petroleum has been pretty sharp. The target would be Rs 325 to 330 in the short-term. But after yesterday’s fall, such huge volumes I have never seen in any stock with that kind of a market capitalisation. So still it is moving up. It shows that it has got enough of momentum to cross the Rs 291 mark and move forward further. But we need to very closely watch the Rs 291-294 range. In RPL, RNRL bull rally continues, even in such a situation it is pretty encouraging for traders, especially day traders can make lot of money in such counters."
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Chevron has said that it is evaluating RPL stake option, adding that it has time till July 2009 to decide, reports CNBC-TV18. It has option to buy up to 24% in RPL, it informed.
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SBI has target of Rs 2400
Dhawan bullish on bank space
RPL can cross Rs 300
Above Rs 140-145, Triveni Engg can go upto Rs
MF AUM up 16.7% at 5 lakh cr in Oct: AMFI
Long run mkt fundamentals very strong: ICICI Pru


Second innings for Birla's fin services biz
What to expect from Nifty cos this year?
Fed open to further rate cuts if needed: Peter Hooper
Google launches OpenSocial to spread social applications
Airtel introduces the ‘Super Lifetime Prepaid’

Buy 3i Infotech; target of Rs 190: PINC
Rediff.Com reports results for Q2 ended September 30,07
Financial Technologies Group partners with OMX

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The Economic Times.


Reliance Energy arm set to win transmission bid

IDFC Pvt Equity invests Rs 35 cr in Doshion
Apar to sell polymers unit for Rs 1.11 billion
Strong close to week start: Sensex gains 250 pts
Circuit Systems lists at Rs 42 on BSE
MMTC sees strong run-up in 3 months


Glodyne acquires US co for $3.34 mn in cash
Microsoft launches Silverlight 1.0 in India
HCL Technologies ties up with UK's Misys
UN ties up with Google, Cisco to fight poverty


Sale of single-premium policies takes a hit
RBI loan rules turn good assets into bad

Religare Platter: M&M, BoB, Jagran Prakashan, Idea



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Headlines from ET,MC,Myiris and others

Khattar to retire as Maruti MD in December
Torrent Power Q2 net rises two-fold
Maruti to invest $1.8 bn in R&D, marketing
J&K Bank seeks foreign partner for 49pc stake in broking unit
Titan hopes to sell 10 million watches in FY08

Prakash Industries to set up Rs 4500 crore power plan in Madhya Pradesh
BorgWarner plans unit near Chennai
Tatas to decide on 4.5 mn ton Vietnam steel plant after study
Steel investments to touch Rs 3 lakh cr
Tatas yet to decide on Vietnam steel plant

Economy growth nears 9 pc, infrastructure lags
IVRCL Infra bags order worth Rs 346 cr order
VSNL to showcase retail WiMax services in Bangalore
Raining IPOs on Dalal Street

Stocks to buy: Asian Paints, Suzlon, Finolex
Hot Stocks Platter: Godrej, Religare Enterprises , Suajana Towers and Gujarat Gas
An eye on the future: Religare Enterprises
Religare IPO subscribed 6 times


Men's apparel market to grow to $13-14 bn by 2009
Hinduja looking at majority stake in ONGC project
Bihar Tubes in pipes JV with Japan's Kusakabe
News Corp. and NBC launch online video site 'Hulu' as YouTube alternative
Dubai's DP World to invest $500 mn in India

Siscol, JSW Steel boards okay merger
Sona Koyo in JV with US-based AAM International

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Myiris.com

RBI policy detrimental for market: Vishwas Agarwal
ICRA assigns IPO Grade 3 to Religare
Will RBI maintain Status Quo on key rates?
Emkay assigns `Buy` on Corporation Bank
Emkay retains `Buy` on Marico
Lakshmi Machine Q2 net up 29.95%
Ispat Industries enters into MoU with M P Trade & Investment

Centre to introduce `GUTS Bill`
Kalyani Forge net down 63.32% in Sep`07 qtr
Ashok Leyland inks contract with Nissan
Dr Reddy`s to tie-up with US retail chains for OTC drugs
Steel sector emerges as a key investment destination

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MoneyControl.Com

India requires USD 500bn for infrastructure projects
Info Edge reports 326% rise in net profit to Rs 151.42mn
Allied Digital reports topline gwth of 158%, PAT up by 134%
Ramsarup Industries PAT takes quantum leap by 80%
Avaya GlobalConnect net profit stands at Rs 47.62cr

Nifty likely to touch 6000 levels in near-term: Brics Sec
BHEL Q2 net profit up 91% to Rs 688 cr
Lanco Infratech enjoys strong order book worth Rs 7,600 cr
JP Morgan to launch $1.5 bn infra fund

FY08 FDI target at $30 bn: Commerce Min
Calsoft records rapid growth in profits
Rs 7,000 cr order book executable over 2 yrs: Simplex Infra
Order book stands at Rs 2,400 cr: Jyoti Structures
Simplex Infra Q2 net profit up at Rs 19.1 cr


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