Results: TCS, Welspun Guj, Petronet, MRPL, India cement, Allahabad Bank, LIC Hsg, Chambal etc

TCS Q3 consolidated net rises 18.87% (Update)

India`s largest software exporter, Tata Consultancy Services (TCS) registered a 18.87% rise in consolidated net profit supported by healthy revenues for the quarter ended December, 2007. During the quarter, the company saw a rise in consolidated profits to Rs 13,266.70 million from Rs 11,161 million in the same quarter last year. The consolidated total income for the quarter climbed 23.04% to Rs 60,419.8 million compared with the corresponding quarter, a year ago. Q3 Highlights: > 54 new clients added in Q3> 7522 employees joined in Q3> Standalone net profit rose 2.78% on Q-o-Q > Standalone net sales climbed 5.63% on Q-o-Q > Standalone total income went up 5.55% on Q-o-Q > EPS at Rs 13.56 in Q3> Quarterly dividend of Rs 3 a share.

TCS Q3 standalone net profit up 2.7%
16 Jan, 2008, 1938 hrs IST
Tata Consultancy Services’ standalone net profit for the quarter ended December 31, 2007 was Rs 1,178.99 crore, marginally higher from Rs 1,147.11 crore reported in the same quarter previous year.

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Welspun-Gujarat Stahl Rohren Q3 net profit jumps 136%

Welspun-Gujarat Stahl Rohren October-December net profit jumped 136.40 per cent to Rs 97.4 crore from Rs 41.2 crore in the same quarter a year ago. Total income for the quarter increased to Rs 1,038.6 crore from Rs 745.6 crore in the year-ago period. At 2:46 pm, Welspun-Gujarat Stahl Rohren shares were down 3.98 per cent at Rs 492 on BSE.
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Allahabad Bank Oct-Dec net up 27.6%

State-run banker Allahabad Bank reported a net profit of Rs 3,650.50 million in the three months ended December 31, 2008 versus Rs 2,861.28 million in the corresponding period. The interest income was Rs 15,834.89 million as compared to Rs 13,049.57 million in the said quarter. A poll of analysts had forecast a net profit of Rs 2,580 million.

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Asian Granito Oct-Dec net Rs 7.36 crore

Asian Granito India Ltd on Wednesday reported a net profit of Rs 7.36 crore in Oct-Dec on net sales of Rs 51.5 crore. Comparable year-ago figures were not immediately available for the company that listed in August 2007.

----------------------------------------------------
Mangalore Refinery’s Q3 net profit up 192.59% YoY

Mangalore Refinery’s net profit for the quarter ended December 31, 2007 was Rs 346.60 crore, up from Rs 118.46 crore in the same quarter of previous year. Net sales for the period increased 11.28 per cent to Rs 8,138.28 crore, from Rs 7,313.30 crore a year ago. Other income for the December quarter fell 63.38 per cent to Rs 30.81 crore against Rs 84.14 crore same quarter last year. Both the figures include net exchange fluctuation gains of Rs 12.84 crore and Rs 72.77 crore, respectively. Wednesday on BSE, MRPL shares closed down 2.74 per cent at Rs 127.70.

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Petronet LNG Q3 net profit up 54.01% at Rs 131.07 cr

Petronet LNG reported a net profit of 54.01% for the quarter ended December at Rs 131.07 crore vs Rs 85.1 crore in the same quarter a year ago. Total income grew to Rs 1,593.09 crore from Rs 15,847.26 in the same period. At 2:14 pm, Petronet LNG shares were at Rs 105.25, down 4.36 per cent.
-------------------------------------------------------
India Cements Q3 net profit up 59%

India Cements’ net profit for the quarter ended December 31, 2007 rose 59.25 per cent to Rs 127.05 crore compared with Rs 79.78 crore in the same quarter of previous year. Total income for the October-December quarter increased 57.66 per cent to Rs 857.56 crore, from Rs 543.92 crore a year ago. The accounts for the current quarter have been prepared after taking into account the transactions of erstwhile Visaka Cement Industry Ltd and are therefore not comparable with the corresponding figures of previous period. At 1:13 pm, India Cements shares were down 6 per cent at Rs 257.60 on BSE.

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LIC Housing Finance Q3 net profit rises 38%

LIC Housing Finance net profit after tax rose 38.39 per cent to Rs 106.02 crore for the quarter ended December 2007 compared to Rs 76.61 crore in the same quarter last year. Total income increased to Rs 551.62 crore from Rs 404.10 crore year earlier.

Chambal Fertilizers Q3 net profit down 10% YoY
Wallfort posts Rs 12.03 crore net profit in Q3; share up 5%
------------------------------------------------------------------------------------------

Infotech Ent Q3 net profit at Rs 17.7 cr
16th-Jan-2008
Infotech Enterprises announced its Q3 FY08 numbers.In the third quarter of FY08, its net profit was at Rs 14.78 cr versus Rs 23 cr in the previous quarter. During the same period, its net sales were at Rs 113 crore versus Rs 161 crore, QoQ.

Zuari Ind Q3 net profit up at Rs 30.92 cr
16th-Jan-2008
Zuari Industries has announced its third quarter results. The company’s Q3 net profit was up at Rs 30.92 crore versus Rs 12 crore.
----------------------------------------------------------

TCS Q3 consolidated net rises 18.87% (Update)

Himadri Chemicals net rises 29.59% in Dec`07 qtr
Himadri Chemicals & Industries disclosed a steady jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 29.59% rise in profit to Rs 218.10 million from Rs 168.30 million in the quarter ended December 2006.Net sales for the quarter rose 3.77% to Rs 901.30 million compared with Rs 868.50 million in the corresponding quarter, a year ago.

Rallis India net up 61.15% for Dec`07 qtr
Rallis India reflected a conspicious rise in net profit of 61.15 % during the quarter ended Dec. 31, 2007, of Rs 140.20 million, as against Rs 87 million in the same quarter of the previous year.
The total income for the above quarter was at Rs 1842.80 million as against Rs 1756.90 of the previous, revealing a marginal 4.89 % rise.
The Net Sales of Rallis India (Q, N,C,F)* for the quarter ended Dec. 31, 2007, were at Rs 1831.40 million, rising marginally 6.36%, as against Rs 1,721.90 million in the same quarter of the previous year.

MRPL Q3 net zooms 2.93 times
Zuari Industries Q3 net 2.52 times on better margins
Shree Ganesh Forgings net surges 70.52% in Dec`07 qtr
State Bank of Mysore net rises 29.04% in Dec `07 qtr
Vardhman Textiles Q3 net slips 22.24%
Petronet LNG net rises 54.03% in Dec `07 qtr
Allahabad Bank Q3 earnings rise 27.58%
LIC Housing Q3 net climbs 38.39%; income rises 36.17%
India Cements net up 59.25% for Dec`07 qtr
--------------------------------------------------------

Results Calender

Auto Stampings 17-Jan-08

Biocon 17-Jan-08

Chemplast Sanma 17-Jan-08

Eastern Silk 17-Jan-08

Emco 17-Jan-08

Financial Tech 17-Jan-08

Godrej Consumer 17-Jan-08

HCL Tech 17-Jan-08

Hikal 17-Jan-08

HT Media 17-Jan-08

IDBI 17-Jan-08

Indiabulls 17-Jan-08

JBF Industries 17-Jan-08

KPIT Cummins 17-Jan-08

Natura Hue C 17-Jan-08

NDTV 17-Jan-08

Orchid Chemical 17-Jan-08

Ranbaxy Labs 17-Jan-08

Reliance 17-Jan-08

Reliance Energy 17-Jan-08

Reliance Natura 17-Jan-08

S Kumars Nation 17-Jan-08




Source: Myiris.com, Economic Times, Indiaearnings.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.

Moneycontrol, Myiris Stories

Moneycontrol.com

Don’t enter at these levels, say experts
Immature complacency in mkts led to fall: Religare Sec
TCS looking to maintain margins at 24-25%
Correction seems over now: Amit Nalin Sec

What's the HNI view on Reliance Power IPO?
Major IT stocks touched their 52-week lows
Now Sterlite to list energy arm?
Future Capital IPO oversubscribed 131 times

CRISIL IPO grade 3/5 for IPO of V-Guard Industries
Infotech's total income crosses Rs 500cr in first 9 mths
MRPL Q3 net profit jump to Rs 346.6 cr
UTV Software puts on a good show

Asian Electronics in pact with HPCL, Future Group
Nifty has seen 4 major selloffs since October
--------------------------------------------------
Myiris.com

Brokers Outlook: Market may bounce back on Thursday
Technical view: Further declines expected
Dr Reddy`s launches Supanac
Gitanjali Gems floats 5 new subsidaries for SEZ works
JSW Steel buys mining concessions in Chile for USD 52 mn
Emkay recommends a `BUY` on Aban Offshore
PTC India to raise about Rs 12 bn



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.

VC, PE updates,Jobs from VCCircle.com, Indiape.com

vccircle.com

Jacob Ballas Too Picks Up Rs 40 Cr Worth Shares In Mahindra Holidays
FIPB Clears Blackstone-Ushodaya Deal; But Will The Fund Sign The Check?
PE-Backed Shriram EPC IPO Gets ‘Average’ Rating From Crisil

Essar’s Kenyan Safari: Acquires Stakes In Refinery, Telco
Avesthagen IPO By Year-End; To Raise $200-300 Million Through Share Sale
Axis Bank’s Private Equity Arm To Close Its $500 Million Infra Fund Soon

ICICI Venture’s I-Ven Medicare To Rope In Strategic Partner; Plans IPO
ICICI Venture Invests Rs 65 Crore In Kolkata Hospital Chain Medica Synergie
Buzz & Hype: Reliance Power IPO Oversold 11 Times On Day One

UK’s Ashmore Invests $23 Million In Hyderabad Hospital Chain Quality Care
Goldman To Buy 39% In M Pallonji Enterprises; To Up Stake In MetLife Insurance
Grameen Foundation, IFMR Trust, Citicorp Launch MFI-Focused Investment Bank

State-owned Telco BSNL Plans India’s Largest IPO To Raise $10 Billion
Inox To Invest Rs 100 Crore In Indiareit In Return For “Preferred Tenancy”
Inox To Invest Rs 100 Crore In Indiareit In Return For “Preferred Tenancy”

DE Shaw Invests $15 Million In Soham Renewable Energy
More Media Companies Follow BCCL With Private Treaty Divisions
New Vernon To Invest Rs 55 Crore For 9.5% Stake In Prime Securities

Power Finance Corp Joins Hands With Clear Trade For $1 Billion Fund
Nasscom-ICICI Knowledge Park’s $25 Million-Early Stage Fund Kicks Off
Evolvence India Life Sciences Fund Invests $30 Million In Gland Pharma

Clearstone Venture To Invest Rs 16 Crore In Elbee Express; More Deals
A Host Of Government Backed IPOs On Cards
PE-Backed Tecpro Makes Pre-IPO Placement of 5% To Credit Suisse, Kotak

Motilal Oswal Venture Capital Invests Rs 25 Crore In Domestic Focused Effort BPO
UK Asset Management Firm Somerset Picks Up 9% In Core Projects Parent
-------------------------------------------------------

IndiaPE.com

NIIT signs deal to buy 48% stake in Evolv
ICICI ropes in global healthcare investor
Essar seals deal to buy 50% stake in Kenyan refinery

Goldman Sachs arm eyes up to 39% stake in M Pallonji
Koutons Retail to buy 51% of Upper Class
India tops with 160 PE fund houses, China has 115

India tops 2007 Asian private equity league
Pearl Fashions to acquire 75% in Hong Kong-based Simple Approach
Clear Investments , PFC to float $1 bn PE fund

Essar arm buys 49% in Kenya-based Econet Wireless
Nasscom, ICICI arm join for Rs 100-cr VC fund
Evolvence invests Rs 120 crore in Gland Pharma expansion
Red Fort launches $250 million domestic Fund



Source: http://www.vccircle.com and www.indiape.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 ends 383 pts down : Sify

Sensex ends 383 pts down
India's Sensex Falls to Three-Week Low;
Sensex tumbles by another 422 pts in

NSE 5935.75 -138.50
BSE 19868.11 -382.98



Taking global cues, equities, led by index heavyweights plunged sharply into the red and sent the benchmark BSE index Sensex crashing down by over 400 points in early trade today. The Nifty went down by over 125 points within minutes. There was a recovery of sorts around late morning but lack of support at higher levels saw sent the premier indices plunge far deeper into the red in afternoon trade.

Though a few blue chip stocks rebounded strongly from their lower levels during the closing minutes, the Sensex, which had plunged to a low of 19,513.25 - it was down with a massive loss of 738 points at that stage - in intra-day trades, ended the session with a huge loss of 382.98 points or 1.89% at 19,868.11 today.

The Nifty, which nosedived to a low of 5825.75 in afternoon trade, ended at 5935.75 with a big loss of 138.50 points at 5935.75.

Metal, power, capital goods, FMCG, realty stocks were among the worst hit today. Several auto, oil and bank stocks also had a weak outing.

Mid and smallcap stocks went down sharply once again. Mirroring the sell-off in these segments, the Midcap and Smallcap indices eased by 1.75% and 1.83% respectively.

ICICI Bank (1.35%) was the best performer from the Sensex pack today. Bharti Airtel, which opened on a very weak note, rallied smartly in afternoon trade to finish with a sharp gain of 0.9%. Tata Consultancy Services, which remained positive right through the session, closed with a gain of 0.7%. Mahindra & Mahindra (0.55%), Cipla (0.35%) and State Bank of India (0.3%) were the other gainers from the Sensex.

HDFC Bank (down 6.1%), Reliance Communications (down 5.85%), NTPC (down 5.55%), BHEL (down 4.4%), Reliance Energy (down 4.1%), DLF (down 4.1%), Tata Steel (down 3.9%), ITC (down 3.4%) and Hindalco (down 3.4%) closed with big losses.

Ranbaxy Laboratories, Maruti Suzuki, Tata Motors, HDFC, Satyam Computer Services, Reliance Industries and ACC ended 1% - 2% down from their previous closing levels. ONGC and Larsen & Toubro lost 1.85% and 1.75% respectively.

Grasim Industries, Wipro, Bajaj Auto, Ambuja Cements, Hindustan Unilever and Infosys Technologies lost 0.5% - 1% today.

Sterlite Industries, Unitech, Tata Power, Nalco, Cairn India, Idea Cellular, VSNL, Suzlon Energy, Punjab National Bank, HCL Technologies, ABB and Siemens finished with sharp losses today. SAIL, Zee Entertainment, BPCL and Reliance Petroleum closed with notable gains.

Omaxe, Lanco Infratech, GE Shipping, JSW Steel, Spice Telecom, Gillette, HTMT Global, Micro Inks, Essel Propack, Jaiprakash Associates, India Cements, Alok Industries, Birla Corporation, FDC and EIH Limited were among the prominent losers from BSE 'A' Group.

Indian Bank, MphasiS, Rashtriya Chemicals & Fertilizers, Apollo Tyres, IDBI, Procter & Gamble, Sun TV Network, Bank of India, IDFC, IndusInd Bank, CESC, Bharat Electronics, Novartis and Gujarat Narmada posted sharp gains today.

The market breadth was weak. Out of 2840 stocks traded on BSE, as many as 2207 stocks ended in the negative territory today. 615 stocks closed with gains and 18 stocks ended at their previous closing levels.

other sify stories:

NCC gets Rs 502 cr orders
Apollo Tyres to invest 200 m euro
Infy BPO to ink 4 deals worth $50-150 m
TCS Q3 net up 18.8% at Rs 1,327 crore

JSW Steel acquires eight mines in Chile for $52 m
MRPL Q3 net up 192.5% at Rs 346.60 cr
Welspun-Gujarat Stahl Q3 net up 136% at Rs 97.4 cr
Reliance Petro completes 82% of refinery

Essar Oil unit to buy half of Kenya Petro



Source: http://www.sify.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.

Apollo Tyres to invest 200 m euro

ET, Rediff Stories

http://economictimes.indiatimes.com/headlines.cms


ICICI Venture arm to invest Rs 65 crore in Medica Synergie
Reliance Power IPO likely to generate surplus money for banks

My father would have been a happy man: Anil Ambani on REPL IPO
Cals to raise $250 mn through FCCBs
Saudi oil minister concerned about low inventories
Essar Oil picks 50% in Kenya Petroleum
Sizzling crude prices to hurt oil retailers most
GAIL to lay Rs 25,00 cr gas pipeline from Dabhol to Bangalore
Essar Oil buys 50 pct in Kenya Petroleum

Navratna status to NMDC in a few days: Paswan
Subhash Projects bags Rs 145-crore orders
Angel investors for start-up ventures
India tops with 160 PE fund houses, China has 115
Heard on the street: Patel Engineering, XL Telecom, Jhunjhunwala Vanaspati

Reliance Power IPO trades at 80% premium in grey market
Reliance IPO subscribed over 6 times in 1 hr
Reliance Power IPO subscribed 9.37 times
J Kumar Infraprojects IPO to open Jan 18
Future Capital IPO gets subscribed 27 times till third day
Reliance Power IPO: HNI segment oversubscribed 7.4 times
Avesthagen to tap capital market for Rs 1,200 crore
Broking houses advise caution on Reliance Power issue


Anil's IPO gets better first-day response than Mukesh's
Reliance Power IPO makes history with huge first day demand
Reliance Power IPO beats expectations

-------------------------------
Rediff.com

• Anil Ambani set to be richest Indian? RPL IPO• Laptops at Rs 14,000 from HCL Tata Nano• Rolls-Royce sold 11 Phantoms in India in 2007• Slide show: Who invented the Jaipur foot?• Opening a bank a/c? Buy insurance first!• Some fantastic cars, bikes on way to India!



Source: Economic Times, Rediff. 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: Apollo tyres, PSL, Orient Paper, Gremach, JK Lakshmi, Vakrangee etc

Apollo Tyres Q3 net profit at Rs 62 cr view table
15th-Jan-2008

Apollo Tyres has announced its third quarter numbers. It has posted standalone net profit of Rs 62 crore for the quarter ended December 2007 as against Rs 35.07 crore in same quarter of last year on net sales of Rs 974 crore versus Rs 857 crore.

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Krishna Lifestyle net rises 86.67% in Dec`07 qtr
NET 4 India Q3 consolidated profit surges 51.3% (Update)

PSL Q3 earnings jump 45.14% on improved sales

PSL, a manufacturer of pipes and undertaker of turnkey projects, announced today a substantial rise of 45.14% in earnings in the quarter ended Dec. 31, 2007, to Rs 301.90 million compared with Rs 208 million in the same quarter, previous year. The earnings per share (EPS) for the quarter climbed 17.28% to Rs 7.60 compared with Rs 6.48 in previous year period.Strong rise in revenues pushed earnings of the company higher. Net sales for the quarter rose 32.11% to Rs 6,590.50 million, while the total income for the quarter climbed 34.27% to Rs 6,779.10 million, when compared with the corresponding quarter, a year ago

Orient Paper net rises 46.23% in Dec`07 qtr
Orient Paper & Industries disclosed a phenomenal jump in net profit for the quarter ended December 2007. During the quarter, the company experienced a 46.23% rise in profit to Rs 534.48 million from Rs 365.51 million in the quarter ended December 2006.Net sales for the quarter rose 17.06% to Rs 3,208.53 million compared with Rs 2,740.92 million in the corresponding quarter, a year ago. Total income rose 16.93% to Rs 3,223.08 million for the quarter-ended December 2007 from Rs 2,756.38 million for the same period, last year.The basic and diluted EPS, after extraordinary items, increased 27.57% to Rs 30.91 for the quarter ended December 2007 from Rs 24.23 for the same quarter, last year.

Modern India net declines 29.53% in Dec`07 qtr
Gremach Infra net rises 2.25 times in Dec`07 qtr

SE Investments net up 16.9% for Dec`07 qtr
JK Lakshmi Cement net rises 10.97% in Dec`07 qtr

Apollo Tyres net up 77.27% for Dec`07 qtr
Supreme Petrochem Q2 profit climb 45% (update)
Kriti Industries net rises 5.72 times in Dec`07 qtr

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PTL Enterprises Q3 net profit up 1080%
Apollo Tyres Q3 net profit up 77%
JK Lakshmi Cement Q3 net profit up 11%
RDB Industries Q3 net profit up 27%; other income up 300%
Vakrangee Q3 net profit up 107%
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Results on 16th Jan

Allahabad Bank 16-Jan-08
Asian Granito I 16-Jan-08
Can Fin Homes 16-Jan-08
Chambal Fert 16-Jan-08
Ganesh Forgings 16-Jan-08
GTC Industries 16-Jan-08
Himadri Chem 16-Jan-08
India Cements 16-Jan-08
Infotech Enter 16-Jan-08
LIC Housing Fin 16-Jan-08
MRPL 16-Jan-08
Petronet LNG 16-Jan-08
Pyramid Saimira 16-Jan-08
Rallis India 16-Jan-08
SBI Home Financ 16-Jan-08
TCS 16-Jan-08
UCAL Fuel 16-Jan-08
Vardhman Text 16-Jan-08
Welspun Guj 16-Jan-08


Results Calendar

Company
Date of Board meeting
Purpose
A T V PROJECTS
16-Jan-2008
Quarterly Results
ALLAHABAD BK
16-Jan-2008
Quarterly Results
ASIAN GRANITO
16-Jan-2008
Quarterly Results
CANFIN HOMES
16-Jan-2008
Quarterly Results
CHAMBAL FERT
16-Jan-2008
Quarterly Results
DALAL ST INVEST
16-Jan-2008
Quarterly Results
FACT ENTERP
16-Jan-2008
Quarterly Results
G T C
16-Jan-2008
Quarterly Results
GANESHFORGIN
16-Jan-2008
Quarterly Results
HIMADRI CHE
16-Jan-2008
Quarterly Results & inter alia, to consider the issue of FCCB.
INDIA CEM CAP
16-Jan-2008
Quarterly Results
INDIA CEMENT
16-Jan-2008
Quarterly Results
INDIA NIVEH
16-Jan-2008
Quarterly Results & Interim Dividend
INDO BORAX
16-Jan-2008
Quarterly Results
INFOTECH ENT
16-Jan-2008
Quarterly Results
INNOCORP L
16-Jan-2008
Quarterly Results
KSL REALTY
16-Jan-2008
Quarterly Results
L I C HOUSING FIN
16-Jan-2008
Quarterly Results
LUMINAIRE TECH
16-Jan-2008
Quarterly Results & To convey Extraordinary General Meeting for the purpose of approval of issue of shares on Rights Basis & Right Issue of Equity Shares
MRPL
16-Jan-2008
Quarterly Results
NEELAMALAI AGRO
16-Jan-2008
Quarterly Results
PETRONET LNG
16-Jan-2008
Quarterly Results
PRIME PROPERTY
16-Jan-2008
Quarterly Results
RAJAPAMILLS
16-Jan-2008
Quarterly Results & Interim Dividend
RALLIS INDIA
16-Jan-2008
Quarterly Results
S B I HOME FIN
16-Jan-2008
Quarterly Results
SHRILAKSHMI
16-Jan-2008
Quarterly Results
STATE BNK MY
16-Jan-2008
Quarterly Results
SYLPH TECH
16-Jan-2008
Quarterly Results
TCFC FINANCE
16-Jan-2008
Quarterly Results
TCS
16-Jan-2008
Quarterly Results & Interim Dividend Third Interim Dividend
UCAL FUEL
16-Jan-2008
Quarterly Results
VARDH TEXT
16-Jan-2008
Quarterly Results
VYBRA AUTO.
16-Jan-2008
Quarterly Results
WELSP GUJ SR
16-Jan-2008
Quarterly Results
WIPRO
16-Jan-2008
Quarterly Results
YENKEY DRU P
16-Jan-2008
Quarterly Results
ZUARI INDU
16-Jan-2008
Quarterly Results

Zuari Inds 16-Jan-08
---------------------------------------------------------------
Source: Myiris.com, Economic Times, Indiaearnings.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 nosedives 477 pts as blue chips tumble at close

Sensex nosedives 477 pts as blue chips tumble at close


NSE
6074.25 -132.55
BSE
20251.09 -476.96


After opening with a positive gap and edging up a bit in early trade, the Sensex plunged into the red this morning. And it never made it to the positive territory again as the bulls went shopping at the Reliance IPO counters today. The mega offer from Reliance Power got fully subscribed within minutes and, as the demand grew multifold, it got subscribed nearly 10 times.
As a result, prices of front line stocks went into a tailspin this afternoon. Though the market managed a couple of mild rallies, a very strong bout of selling pressure blew the wind out of several blue chip stocks cutting across sectors and pushed the benchmark indices Sensex and Nifty deep down into the red. Asian markets, which opened on a positive note, gave up their gains and ended weak. European stocks also exhibited weakness. But, the rush for Reliance Power IPO was the significant contributor for the sharp fall in values on the Indian bourses today.
While the Sensex, which crashed to a low of 20,203.63 in the closing minutes, ended the session with a massive loss of 476.96 points or 2.3% at 20,251.09, the Nifty settled at 6074.25, around 21 points off its low of 6053.30, with a 2.14% (132.55) points loss.
Mirroring all-round selling, all the sectoral indices ended in red today. The Bankex, FMCG, Power, PSU and Teck indices went down by 2.1% - 2.6%. The IT, Capital Goods and Oil & Gas indices lost nearly 2% while the Realty and Metal indices closed lower by 1.65% and 1.3% respectively. The Auto and Healthcare indices eased by around 0.75% while the Consumer Durables index, which suffered the least damage, ended lower by 0.39%.
There were just three gainers in the Sensex today. Tata Steel (1.55%) and Maruti Suzuki (1.45%) ended with strong gains while Tata Motors closed with a gain of a little over half a per cent.
Among Nifty stocks, VSNL (1.1%), Tata Power (1.1%), Zee Entertainment (0.8%), Dr. Reddy's Laboratories (0.7%) and Hero Honda (0.25%) closed on a positive note. HDFC Bank, which ended with a marginal loss on BSE, closed with a small gain on the National Stock Exchange.
Bharti Airtel had another weak outing. The telecom stock, which remained deep down in the red right through the session today, closed with a sharp loss of 5.5%. Reliance Energy lost 4.4%. ICICI Bank eased by over 4%.
NTPC, ITC, Reliance Communications, Satyam Computer Services, Mahindra & Mahindra, Larsen & Toubro, HDFC, DLF, Ranbaxy Laboratories, BHEL, Tata Consultancy Services and Hindalco lost 2% - 4% today.
State Bank of India (down 1.95%), Infosys Technologies (down 1.85%), Reliance Industries (down 1.65%), Hindustan Unilever (down 1.5%) and ONGC (down 1%) also ended with sharp losses.
ACC, Bajaj Auto, Wipro and Cipla closed with marginal losses while Ambuja Cements and Grasim Industries eased by 0.8% and 0.9% respectively.
BPCL, Suzlon Energy, GlaxoSmithKline Pharma, Sterlite Industries, GAIL India, Nalco, SAIL, Reliance Petroleum, HCL Technologies, Siemens, ABB and Unitech declined sharply today.
Parsvnath Developers, Apollo Tyres, Tata Tea, Omaxe, Shipping Corporation of India, HCL Infosys, Exide Industries, Axis Bank, Bombay Dyeing, Engineers India, Sun TV Network, Raymond, Aurobindo Pharma, Sterlite Technologies and Power Finance Corporation ended with sharp losses.
Finolex Industries shot up by over 9%. Adani Enterprises, Mirc Electronics, Welspun Gujarat, Crompton Greaves, Lanco Infratech, Allahabad Bank, LIC Housing Finance, Indo Rama Synthetics, Bharat Earth Movers, Orchid Chemicals, Bank of India, Escorts, Aventis Pharma, Jet Airways and Idea Cellular moved on to higher levels today.
After exhibiting strength till a little past noon, mid and smallcap stocks wilted under pressure in afternoon trade and surrendered their gains. The Midcap index fell 1.1% today while the Smallcap barometer eased by 0.83%.
The market breadth turned quite weak this afternoon. When traded ended today, out of a total of 2888 stocks that were seen in action on BSE, only 992 stocks were up in the positive territory. As many as 1865 stocks ended with losses and 31 stocks finished at their previous closing levels.

Sify stories

Reliance Power IPO oversubscribed within 50 seconds Reliance Power IPO reflects confidence of global investors

• DCW to raise up to Rs 200 cr
• Apollo Tyres sees 15 % growth
• Birla Corp to invest Rs 1,200 cr

Vedanta to set up Rs 24,000 cr steel plant in Orissa
HCL launches laptops at Rs 13,990 onwards
Big offers for IIT Madras management grads


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Deadpresident blog updates

http://deadpresident.blogspot.com


Sensex sheds 99 points
Market Close: Profit booking continues but RIL up..
Stocks Data of 3600 companies on BSE

Post Market Commentary - Jan 14 2008
Market ends lower
J Kumar Infraprojects IPO Analysis

Infosys Technologies - Jan 14 2008
Grey Market - EMAAR MGF, Cords Cable, J Kumar Infraprojects
News Snippets - Jan 14 2008


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ET, Myiris.com Stories

Economic Times

Indian funds dominate world's top 100 list in 2007
ICICI Bank aims to be among world's top 10 within 5 years
Jaiprakash Associates Ltd lowest bidder for Ganga Expressway


Oil storages as insurance in India
PM eyes more trade with China
Economy to grow 9.1% in '08-'09: CMIE
China help to India's trade deficit
Cords Cable IPO opens Jan 21

Stocks to pick this week
Govt considering IPO for BSNL: Raja
Promoters brings in Rs 1,440 cr in Reliance Power IPO
Khoday India to acquire US firm
Clear Investments , PFC to float $1 bn PE fund

JM Financial ups stake in XL Telecom
Mid-caps back in action as frontliners pause
HAL may fly into stock market

Era Constructions India Q3 net profit up 39%
HB Stockholdings Q3 net profit at Rs 30.06 cr
Welcast Steels Q3 net sales up 16%
Jhunjhunwala Vanaspati Q3 net profit up 59%
Second rung shares back in action; BSE Smallcap Index up 1.5%
Prime Securities Q3 net profit up 324%
Exide Oct-Dec net profit up 58% on year
SBI rights issue at Rs 1,590/share; ratio 1:5
State Bank of Bikaner & Jaipur Q3 net profit up 19%
Porwal Auto closes at Rs 79.65


Porwal Auto Components lists at 6% premium
First Custodian Fund India Q3 net profit up 55.23%
Jay Bharat Maruti Q3 net profit up 27%
Apollo Sindhoori Q3 net profit up 214.14%
Malar Hospitals' Q3 net profit at Rs 57.40 lakh
Pioneer Distilleries Q3 net profit up 255%
Vikas WSP Q3 net profit up 66%
CMC Q3 net profit falls 3%
Ansal Housing gets shareholders nod for raising Rs 72 cr
Reliance Industries shares up 3% on coal liquefaction project
Monnet Ispat Q3 net profit falls 22% on year
Cords Cable IPO opens Jan 21; priced Rs 125-135/share


ET Features
Investor's Guide
It's a material world
Stocks to pick: Reliance capital,Axis Bank, Moser Baer, Shree Cement
Future Capital Holdings raising funds to expand retail financial services business
Aries Agro's blooming glory
Hotel Leela Venture is rolling out the red carpet
ICICI comes to Sensexbs rescue
Precision Pipes on the fast track

Reliance Power IPO good bet for investors
Restricted Zone
Wait for Q3 results for decision on Manaksia stocks
For IT, numbers say it all
Assam Company all set to turn over a new leaf
Patience is the key for traders

---------------------------------------------
Myiris.com

ONGC, Hindujas to invest USD 10 bn in Iran
Infy, Cognizant in fray for mega outsourcing deal from Wal-Mart
House of Pearl to buy 75% stake in HK-based co.
Emkay puts `ACCUMULATE` rating on Infosys Technologies
Power Grid & IL&FS forms JV to undertake transmission works
Puravankara to launch over Rs 12 bn project in Chennai


Source: Myiris.com, 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.

Earnings : IDFC, Era, Geojit, Exide, Prime Sec, Texmaco, Monnet ispat, Vikas WSP, CMC etc

IDFC's consolidated net grows 73.8 pc in Q3

Infrastructure Development Finance Company Ltd on Monday said the group's consolidated net profit grew 73.83 per cent to Rs 217.28 crore for the third quarter ended December 31, 2007 as compared to Rs 124.99 crore for the corresponding period last year. Total income of the group jumped 90.57 per cent to Rs 766.70 crore for the quarter ended December 31, 2007 as against Rs 402.30 crore for the same period previous year. The company reported a 72.53 per cent rise in net profit to Rs 198.67 crore for the quarter ended December 31 as compared to Rs 115.15 crore for the same period a year ago. Total income of the company rose 79.13 per cent to Rs 691.92 crore for the quarter ended December 31 as against Rs 386.26 crore for the same period last year. The company focuses on four key sectors: transport, energy, telecommunication and information technology, and industrial and commercial infrastructure. Its four main products include Project finance, equity finance, structured products and advisory / investment banking services. The scrip of the company, in which the government holds 20 per cent stake, jumped 3.78 per cent to Rs 222.50 as over 13.50 lakh shares changed hands on the BSE.

Omnitech Info Oct-Dec net at Rs 7.68 crore
-------------------------------------------------------
Indiaearnings.com

Era Construction Q3 PAT up 39% at Rs 19.9 cr
14th-Jan-2008
Era Construction has declared its Q3FY08 numbers. It has posted a growth of 39% in its profit after tax of Rs 19.9 crore on the revenues of Rs 340 crore, which increased by 63% YoY.

Geojit Q3 net profit up at Rs 22.2 cr
14th-Jan-2008
Geojit Financials in Q3 FY08 has reported net profit of Rs 22.2 Cr vs RS 6.7 cr, YoY basis. During the same period its income stood at Rs 78.7 cr vs Rs 34.9 cr, YoY basis.


Prime Securities Q3 net profit at Rs 27.8 cr
14th-Jan-2008
Prime Securities has announced its third quarter numbers. It has posted net profit of Rs 27.8 crore for the quarter ended December 2007 as against Rs 7.05 crore in same period of last year on the revenues of Rs 43.9 crore versus Rs 10.7 crore.


Exide Q3 net profit up at Rs 55.16 cr
14th-Jan-2008
Exide Industries in Q3 FY08 has reported standalone net profit of Rs 55.16 cr vs Rs 34.85 cr on YoY basis. During the same period, its net sales was at Rs 721.92 cr vs Rs 457.70 cr YoY.


CMC Q3 net profit at Rs 21.9 cr
14th-Jan-2008
CMC has announced its Q3 FY08 result. The company in Q3 FY08 reported consolidated net profit of Rs 21.91 cr vs Rs 23 cr on QoQ basis. During the same period, its net sales were at Rs 294 cr vs Rs 270 cr QoQ


Texmaco Q3 net profit at Rs 14.60 cr
14th-Jan-2008
Texmaco has declared its third quarter numbers. It has posted net profit of Rs 14.60 crore for the quarter ended December 2007 as against Rs 7 crore in same quarter of last year.


Monnet Ispat Q3 net profit up at Rs 33.6 cr
14th-Jan-2008
Monnet Ispat has declared its Q3 results. Its Q3 net profit was up at Rs 33.6 crore. Its net sales were up at Rs 288 crore.

---------------------------------------------------------
Myiris.com

State Bank Of Travancore net rises 68.27% in Dec` 07
Geometric Software Q3 consolidated net slips 35.50%
Exide Ind net up 58.28% for Dec`07 qtr

IDFC consolidated net rises 73.83% in Dec` 07
Monnet Ispat Q3 net falls 22% on lower margins
Texmaco net doubles in Dec`07 qtr
Vikas WSP net up 65.70% for Dec`07 qtr
Era Infra net rises 38.90% in Dec`07 qtr

Pioneer Distilleries net jumps 3.55 times for Dec`07 qtr
CMC consolidated net rises 7.37% in Dec`07 qtr

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




Results Today
IDFC, Exide Industrie, Triveni Engg, State B Bikaner, State Bnk Tr, Monnet Ispat, Texmaco, CMC, KLG Systel more...


Results Calender

Ahmednagar Forg 15-Jan-08

Amtek India 15-Jan-08

ANG Auto 15-Jan-08

Apollo Tyres 15-Jan-08

DCW 15-Jan-08

Indian Card 15-Jan-08

JK LakshmiCemen 15-Jan-08

Jubilant Org 15-Jan-08

Morepen Lab 15-Jan-08

Orient Ceramics 15-Jan-08

Orient Paper 15-Jan-08

Premier 15-Jan-08

PSL 15-Jan-08

PTL Enterprises 15-Jan-08

Reliance Petro 15-Jan-08

Sutlej Textiles 15-Jan-08

TRF 15-Jan-08

Vakrangee 15-Jan-08
------------------------------------------------


Source: Myiris.com, Economic Times, Indiaearnings.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.

Rediff, Moneycontrol stories

Rediff.com

It's not Tata, it's the govt, stupid!Developed nations subsidise, prioritise public transport. In India there are no such policies.
• Here's how to retire a crorepati?
• How tax goes up for NRIs above 65
• Jet may fly to SF via Shanghai
• SBI plans Rs 16,000cr rights issue
• Saloni Malhotra, a rising force
• BSNL valued at $100 bn, IPO soon
• Govt may hike fuel prices on Jan 17
• Ford eyes platforms for small car• Cheaper airfares are back, for now
• US-India salary gap dips 21%
• How brokers woo IPO investors
• How many bank a/cs do we need?
• 'People need food before cars'
• Key to investing in equities• Own Infy, DLF, TCS? Here's some advice
--------------------------------------------------------------------
Moneycontrol.com

Mkt ends weak: Midcaps, energy up; IT down
Stocks that lost over 30% from their highs
Sensex to hit 25,500 by H2CY08: ICICI Sec
Porwal Auto sees FY09 PAT at Rs 13 cr
SBI board okays 1:5 rights issue at Rs 1,590/sh

Future Capital IPO oversubscribed 8.7 times on day 2
Sebi clears Emaar-MGF IPO; price band Rs 725-850
Exide net surges 59%, top line grows to Rs 910cr
Aban Offshore Q3 net profit up at Rs 47.7 cr
Brokerages bullish on Dewan Hsg, Finolex, Sintex
Era Infra Engg registers 38.89% increase in net profit



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ICICI among world’s top 10 banks? Soon

ICICI among world’s top 10 banks? Soon

ICICI Bank, the country's biggest private lender, expects overseas business to account for at least one-fourth of its balance sheet in 2008 and is targeting a place among the world's top ten banks within five years.
"If there ever be an Ivy League of global banks, I believe, in 5-10 years, we have to have a few banks from China and a few from India in that league," ICICI Bank [Get Quote] managing director and chief executive officer K V Kamath told PTI in an interview.
"The target is that we will try to do it in less than five years. China has done it and their three banks are in the top ten. Three years ago, none of us would have given them any change of getting there," he said.
While attributing the current position of Chinese banks to the economic uptrend that started there ten years ago, he said, "Within six years, as an Indian bank [Get Quote], we should also enjoy similar change in attributes."
Kamath said he did not see slackening of India growth story for another 15 years and if the GDP grows at 10-11 per cent, banks and financial services sector should grow at a three-times multiple or about 30 per cent every year.
"If you look at that possibility you are really looking at doubling your size every three years. Then in six years, it should be a size where most Chinese banks are today -- in the top 10," said the head of India's most valued bank.
ICICI Bank's joint MD and chief financial officer Chanda Kochhar said the bank was already India's biggest in terms of overseas business and was looking at a contribution of at least 25 per cent from its international business in 2008.
Currently, global assets account for 22-23 per cent of its balance sheet, Kamath said.
Talking about the bank's international expansion plans, Kochhar said after getting a license in the US, it was not looking at merely foraying into other countries. "In each of the 18 countries we are present, we have a lot of deepening and widening to do. This can happen in many ways. For some it can be expanding the role of the branches," she said.
"Our overseas growth would be driven around three platforms - Indian retail customers, Indian corporate customers and our niche cost-competitive areas. As we get into the next year, our international side of balance sheet would be about 25 per cent of the total."
With more than $19 billion of overseas assets, ICICI Bank is the largest international bank in India, she said. ICICI Bank played a role in 88 per cent of total number of outbound merger and acquisition deals by Indian companies during 2007, while in terms of value of these deals, the share was 65 per cent, she said. The involvement was largest in terms of value and second-largest in terms of volume.
Indian companies would invest up to $700 billion over the next few years. While a major part of it would come from their own internal accruals equity issue, a large portion would be through borrowings in local and foreign markets.
"We saw this as a coming opportunity two years ago and we calibrated our skills to be able to take large market share in this business. We have strengthened our investment banking capability and also international capability, so that we can not only give them loans but also syndicate a large part of loans for Indian corporates," Kochhar said.
ICICI Bank currently ranks as a leading arranger of foreign currency loans for India Inc. This was an area dominated by foreign banks till some time ago, Kochhar noted. She said in India also ICICI Bank was looking to have a role in 25 per cent of the investment pipeline worth about $500 billion likely to come from the corporates in the next three-four years.
"Our current balance sheet is over $100 billion and we are talking of a little over doubling the balance sheet in the next three-four years," she said.
Kamath said 100 per cent growth was not the way to go for banking business, but even at 30 per cent growth the size would double every three years. There were also inorganic opportunities, he added.
When asked which other banks from India he expected in the global top ten, Kamath hinted at the country's biggest lender, the State Bank of India [Get Quote]. "At least one large government bank is clearly capable of entering into that league," he said.
"In China also, it is the government banks that have got into that league. I think any other bank will take time because I do not see the scaling-up that is required being done as yet elsewhere," he noted.
"Ten years down the lane, an Indian bank would have to be there. Our endeavour is to see how much quicker we would achieve that. . . One thing is sure that an Indian bank would reach that Ivy League," Kamath said.


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Indian MFs dominate world's top 100 list

Indian MFs dominate world's top 100 list


Mumbai: Indian equity funds stormed into the Lipper list of the world's 100 top-performing stock funds of 2007, with 40 funds making a mark compared with none a year ago, as Indian shares turned in their best performance in four years.

A power sector fund from the country's largest asset manager Reliance Capital led the Indian top performers in 2007.

The top-100 list, carved out from a set of 24,887 funds tracked by global fund intelligence firm Lipper also includes five India-dedicated offshore funds.

Over the 10-year period ended December 2007, local funds are clear winners with seven of the world's top 10 funds from India.

"Indian funds had a revelling year, with the broader markets faring well and the mid- and small-cap segments outperforming their bluechip peers by a significant margin in 2007," Dhruva Raj Chatterji, research analyst with Lipper in India, said.

Country’s main stock index rose 47 per cent last year, clocking six straight years of gain, as foreign funds, attracted by strong economic growth and corporate performance, poured more than $17 billion in local shares, the highest in a single year.

The BSE Mid Cap and Small Cap indices grew faster, gaining 69 per cent and 94 per cent respectively, powering returns of funds which invested 40-48 per cent of their assets in such stocks, data from fund tracker ICRA Online Ltd showed.

Nearly three-fourths of the funds secured a place in the top 1,000, while majority of India-based funds tracking auto, pharmaceutical and battered tech stocks were pushed to the bottom with Franklin India Infotech getting the worst rank of 22,790.

Twenty-nine Chinese funds, which saw their main stock index rise 97 per cent last year, secured a place in the world's top-100 funds.

"This is just the beginning...We are not at all surprised by the performance of Indian funds as they are based on the strong foundation of our Indian economy," Vineet K Vohra, chief executive officer of ING Investment Management (India), said.

"It clearly shows India's strong story as an investment destination for an enormous opportunity," he added.

Globally, equity funds that have a track record of at least one year and are covered by Lipper, showed an average return of 2.52 per cent, but the 306 Indian funds among them delivered an average 55.64 per cent gain, Lipper data showed.

Dhruva said more than three-fourth of the Indian equity funds managed better returns than India's benchmark index in 2007 but those investing more in sectors such as steel, capital goods, realty and financial services stood out.

India's actively managed diversified equity funds returned 55.97 per cent in 2007, on an average, their best in four years.


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Sensex ends 99 pts down; Oil, power

Sensex ends 99 pts down; Oil, power
Sensex ends down nearly 100pts, RIL

NSE
6206.80 6.70
BSE
20728.05 -99.40

After a fairly positive start, the benchmark indices Sensex and Nifty slipped into the red in a flash as several blue chip stocks, led by information technology majors, wilted under a strong bout of selling pressure.
Though the Nifty spent a better part of the next four hours in the positive territory thanks to a firm trend displayed by some of its components, the Sensex remained quite choppy and kept moving in and out of the positive territory with participants choosing every small rise as an opportunity to lighten commitments.
Though both the premier indices plunged sharply into the red with an hour to go for the closing bell, the Nifty managed to bounce back thanks to some hectic buying in some of its non-Sensex components.
While the Nifty ended the day at 6206.80 with a marginal gain of 6.70 points, the Sensex settled at 20,728.05, down 99.40 points or 0.48% from its previous closing mark. In intra-day trades today, the Sensex, which had opened with a positive gap at 20,918.23 and spurted to 20,985.62 in early trade, hit a low of 20,661.90. The Nifty touched a high of 6244.15 and a low of 6172 today.
Oil, power, realty, bank and PSU stocks were in demand today. Information technology stocks traded weak and mirroring the sharp losses posted by key stocks in that space, the BSE IT slipped by as much as 2.85% from its previous closing mark. Buying remained selective in FMCG, auto, capital goods, metal and pharma sectors.
Mid and smallcap stocks, which had taken a hammering last week, bounced back into the reckoning today. Reflecting investor interest for these stocks, the BSE Midcap and Smallcap indices moved up by 1.04% and 1.33% respectively.
Power stock NTPC, which remained quite subdued for a better part of the session, rallied smartly during the closing minutes and ended with a handsome gain of 4.65%. Heavyweight stock Reliance Industries (up 2.85%) ruled firm right through the session.
BHEL moved up by 1.6%. Reliance Communications, HDFC Bank, State Bank fo India, Ranbaxy Laboratories, ITC and DLF also closed with sharp gains. Tata Motors and Cipla gained marginal ground.
Bharti Airtel, which eased by a little over 6% to Rs 907.30, was the biggest loser in the Sensex. Wipro ended lower by 5%. Maruti Suzuki lost 4.85%. Infosys Technologies finished with a loss of 3.15%.
Tata Consultancy Services, Satyam Computer Services, HDFC, Mahindra & Mahindra, ACC, Bajaj Auto, ICICI Bank and Hindustan Unilever lost between 2% - 3%. Grasim Industries, Tata Steel, ONGC, Ambuja Cements and Reliance Energy also closed with sharp losses. Larsen & Toubro and Hindalco ended with small losses.
BPCL (7.5%), Hero Honda (6.6%), Tata Power (5.1%), Idea Cellular (4.4%) and Reliance Petroleum (2.35%) served Nifty's cause today.
Punjab National Bank, GlaxoSmithKline Pharma, Unitech and Cairn India were the other prominent gainers from the Nifty fold. GAIL India, Suzlon Energy and Zee Entertainment chipped in with modest gains.
Sun Pharmaceuticals, Nalco, HCL Technologies, Dr. Reddy's Laboratories, Siemens and SAIL ended with sharp losses.
Apollo Tyres, Shipping Corporation of India, Hinduja Ventures, Axis Bank, Indian Bank, Exide Industries (Indian Bank and Exide Industries rose smartly on buoyant quarterly numbers), BPCL, Jindal Steel, Welspun Gujarat, Gujarat Narmada, Alok Industries, Gujarat Industries & Power, Arvind Mills, BASF India, Neyveli Lignite Corporation, Bank of Baroda and Indian Hotels posted impressive gains.
Reliance Natural Resources gained 7.2% on strong volumes. Jaiprakash Associates moved up by 5.55% on sustained buying on the back of a good show by the company in the October-December 2007 quarter.
The market breadth was marginally positive today. Out of 2881 stocks traded on BSE, 1576 stocks closed with gains. 1283 stocks finished in the negative territory and 22 stocks ended at their previous closing levels.

Sify.com stories

Ansal Housing to raise Rs 72 cr
Om Metals gets Rs 600 cr project
Khoday India to acquire US firm
Tata's small car attracts really big numbers

'Stock exchange must pay if brokers default'
Rel Power IPO set to create record
Indian Bank sees Rs 650 cr FYO8 bad loan recovery
Indian funds dominate world's top 100 list in 2007
Why does a company go for an IPO?

BSNL IPO in a year's time; will raise $10 b
Exide Ind Q3 net up 58.25% at Rs 55.15 cr
Omnitech Info Oct-Dec net at Rs 7.68 cr
Jaiprakash Associates Ltd lowest bidder for Ganga Expressway
Stock investors: Go away in Feb, come back in May



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