AXIS Bank Q2 net jumps 60.46%
AXIS Bank, formerly UTI Bank, registered a substantial jump of 60.46% in net profit for the quarter ended September 2007, to Rs 2,278.20 million from Rs 1,419.80 million in the same quarter, last year.
Interest earned by the bank for the quarter surged 59.65% to Rs 16,764.90 million, while the total income jump 64.11% to Rs 20,593.70 million, when compared with the corresponding quarter, a year ago.The bank reported a diluted EPS after extraordinary items of Rs 7.14 during the quarter.
Patel Engineering net up 29% in Sep`07 qtr
Patel Engineering registered a 29.55% rise in net profit to Rs 324.40 million for the quarter ended Sep. 30, 2007, as compared with Rs 250.40 million, for the quarter ended Sep. 30, 2006.
For the quarter ended September 2007, the company`s net sales jumped 19.14%, to Rs 2,357.70 million, compared with Rs 1,978.88 million for the quarter ended September 2006.
Total income for the quarter rose 20.22% to Rs 2,402.70 million, compared with Rs 1,998.54 million in the same quarter, last year.The earning per share (EPS) stood at Rs 5.44 for the quarter ended Sep. 30, 2007.
Monnet Ispat net up 36.17% in Sep`07 qtr
Monnet Ispat and Energy registered a 36.17% growth, in net profit to Rs 367.80 million for the quarter ended September 2007, as compared with Rs 270.10 million for the corresponding quarter, last fiscal.Net sales for the quarter rose 92.36% to Rs 2,583.10 million, as compared with Rs 1,342.80 million for the same quarter, a year ago.
Total income for the quarter rose 91.63% to Rs 2,633.50 million, as against Rs 1,374.20 million for the corresponding quarter, last year.
The earnings per share (EPS) of the company stood at Rs 10.19 in the quarter ended September 2007.
Gujarat NRE Q2 net jumps 7.21 times
Gujarat NRE Coke, India`s largest non-captive manufacturer of low ash metallurgical coke, reported a phenomenal growth of 7.21 times in net profit for the quarter, ended September 2007. During the quarter, the company saw a rise in net profit to Rs 125.5 million from Rs 17.40 million, in the same quarter of the previous year.
Substantial rise in operating margins, helped the company to report an excellent growth in earnings. Operating margins increased to 11.26% during the quarter, a rise of 453.20 basis points compared with the corresponding quarter, a year ago.
Vakrangee Softwares net up 2.64 times in Sep`07 qtr
Vakrangee Softwares registered a growth of 2.64 times in net profit to Rs 127.35 million for the quarter ended September 2007 from a profit of Rs 48.07 million for the quarter ended September 2006.
Net sales for the quarter rose 86% to Rs 562.56 million from Rs 302.45 million in the same quarter, last year.Total income rose 85.44% to Rs 563.26 million for the quarter ended September 2007 from Rs 303.74 million for the quarter ended September 2006.
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15 October 2007
Results - TCS, IFCI, Welspun Guj
Tata Consultancy Q2 net up 26pct, beats forecast
The Economic Times
MUMBAI: Tata Consultancy Services Ltd, India's top software services exporter, posted a 25.7 per cent jump in quarterly profit on Monday, exceeding forecasts, as it won large outsourcing deals and raised fees for customers. The company, part of India's Tata Group that has diverse interests including steel and cars, said net profit in the September quarter rose to 12.47 billion rupees ($317 million) from 9.92 billion a year earlier under US accounting rules.
A poll of 12 brokerages had forecast a net profit of 12.23 billion rupees for Mumbai-based Tata Consultancy, whose leading clients include General Electric and ABN AMRO. Ahead of the announcement, shares in Tata Consultancy, which the market values at $26.6 billion, ended nearly 1 per cent higher at 1,073.65 rupees in a Mumbai market that rose 3.5 per cent to a record close.
TCS Q2 net profit at Rs 1246.9cr from Moneycontrol.Com
Tata Consultancy Services (TCS) has come out with September quarter numbers. The company has reported net profit of Rs 1246.9 crore (Rs 12.47 billion) for the quarter ended September 2008 as against Rs 1,185.5 crore (Rs 11.85 billion) in the previous quarter.
Revenues increased to Rs 5639.8 crore (Rs 56.4 billion) from Rs 5,202.8 crore (Rsr 52.03 billion).
Other income stood at Rs 110 crore (Rs 1.1 billion). Its consolidated operating income was at Rs 1,344 crore (Rs 13.44 billion) (US GAAP).
TCS has added 9,268 employees, 51 new clients in the September quarter of 2008.
The attrition rate in IT services for the quarter ended September 2008 was at 10.9% while in BPO at 17.9%.
Travel, hospitality business contributed 4.4% of September quarter revenue versus 2.8% in previous quarter.
TCS has added 966 employees in overseas arms and branches.
IFCI net jumps four-fold to Rs 497.29 cr
The Economic Times
NEW DELHI: Country's oldest financial institution, IFCI on Monday posted a four-fold jump in net profit at Rs 497.29 crore for the quarter ended September 30, as compared to Rs 115.89 crore in the same period last year. Total income stood increased 81 per cent to Rs 595.60 crore as against Rs 327.4 crore in the year-ago period, the company said here.
For the half yearly period ended September 30, the company recorded a net profit of Rs 744.15 crore as compared to Rs 100.22 crore in the corresponding period last year. Total income stood at Rs 1081.17 crore for the six months ended September 30 as compared to Rs 585.05 crore in the year-ago period. The company, which came out of red last year, had registered net profit of Rs 873.71 crore in 2006-07.
Welspun-Gujarat Stahl net jumps two-fold to Rs 82.5 cr
The Economic Times
MUMBAI: Saw pipe maker Welspun-Gujarat Stahl Rohren on Monday posted an over two-fold rise in net profit at Rs 82.5 crore for the quarter ended September 30 as compared to Rs 33.5 crore in the corresponding quarter last fiscal.
Total income of the company increased to Rs 929.8 crore for the second quarter in 2007-08 from Rs 674.9 crore in the year-ago period, up 37.77 per cent, the company informed the Bombay Stock Exchange. Shares of the company were trading at Rs 336.05, up 0.25 per cent in the afternoon trade at the BSE.
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The Economic Times
MUMBAI: Tata Consultancy Services Ltd, India's top software services exporter, posted a 25.7 per cent jump in quarterly profit on Monday, exceeding forecasts, as it won large outsourcing deals and raised fees for customers. The company, part of India's Tata Group that has diverse interests including steel and cars, said net profit in the September quarter rose to 12.47 billion rupees ($317 million) from 9.92 billion a year earlier under US accounting rules.
A poll of 12 brokerages had forecast a net profit of 12.23 billion rupees for Mumbai-based Tata Consultancy, whose leading clients include General Electric and ABN AMRO. Ahead of the announcement, shares in Tata Consultancy, which the market values at $26.6 billion, ended nearly 1 per cent higher at 1,073.65 rupees in a Mumbai market that rose 3.5 per cent to a record close.
TCS Q2 net profit at Rs 1246.9cr from Moneycontrol.Com
Tata Consultancy Services (TCS) has come out with September quarter numbers. The company has reported net profit of Rs 1246.9 crore (Rs 12.47 billion) for the quarter ended September 2008 as against Rs 1,185.5 crore (Rs 11.85 billion) in the previous quarter.
Revenues increased to Rs 5639.8 crore (Rs 56.4 billion) from Rs 5,202.8 crore (Rsr 52.03 billion).
Other income stood at Rs 110 crore (Rs 1.1 billion). Its consolidated operating income was at Rs 1,344 crore (Rs 13.44 billion) (US GAAP).
TCS has added 9,268 employees, 51 new clients in the September quarter of 2008.
The attrition rate in IT services for the quarter ended September 2008 was at 10.9% while in BPO at 17.9%.
Travel, hospitality business contributed 4.4% of September quarter revenue versus 2.8% in previous quarter.
TCS has added 966 employees in overseas arms and branches.
IFCI net jumps four-fold to Rs 497.29 cr
The Economic Times
NEW DELHI: Country's oldest financial institution, IFCI on Monday posted a four-fold jump in net profit at Rs 497.29 crore for the quarter ended September 30, as compared to Rs 115.89 crore in the same period last year. Total income stood increased 81 per cent to Rs 595.60 crore as against Rs 327.4 crore in the year-ago period, the company said here.
For the half yearly period ended September 30, the company recorded a net profit of Rs 744.15 crore as compared to Rs 100.22 crore in the corresponding period last year. Total income stood at Rs 1081.17 crore for the six months ended September 30 as compared to Rs 585.05 crore in the year-ago period. The company, which came out of red last year, had registered net profit of Rs 873.71 crore in 2006-07.
Welspun-Gujarat Stahl net jumps two-fold to Rs 82.5 cr
The Economic Times
MUMBAI: Saw pipe maker Welspun-Gujarat Stahl Rohren on Monday posted an over two-fold rise in net profit at Rs 82.5 crore for the quarter ended September 30 as compared to Rs 33.5 crore in the corresponding quarter last fiscal.
Total income of the company increased to Rs 929.8 crore for the second quarter in 2007-08 from Rs 674.9 crore in the year-ago period, up 37.77 per cent, the company informed the Bombay Stock Exchange. Shares of the company were trading at Rs 336.05, up 0.25 per cent in the afternoon trade at the BSE.
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Labels:
IFCI,
Results - TCS,
Welspun Guj
19K..Gainers...Sensex....Nifty...
BSE Gainers (Sensex)
Company
Current Price
Previous Close
% Change
Volume
RELIANCE ENR
1847.35
1636.30
12.90
2,724,401
O N G C
1191.00
1091.60
9.11
658,946
TATA STEEL
911.40
848.10
7.46
1,408,539
MARUTI UDYOG
1160.35
1096.80
5.79
274,874
HINDALCO
188.85
178.90
5.56
2,267,255
BHARTI TELE
1126.75
1069.25
5.38
217,560
S B I
1956.95
1862.30
5.08
840,817
REL COM LTD
752.70
717.75
4.87
2,624,013
NTPC LTD
226.80
217.50
4.28
3,602,534
H D F C BANK
1490.45
1430.85
4.17
125,282
NSE Gainers (Nifty)
Company
Current Price
Previous Close
% Change
Volume
S A I L
259.05
223.75
15.78
28,199,620
STERLITE (I)
931.20
814.65
14.31
2,322,827
RELIANCE ENR
1844.40
1636.70
12.69
7,285,728
O N G C
1190.50
1093.80
8.84
2,737,128
GAIL
438.95
404.95
8.40
2,056,490
SIEMENS
1514.95
1405.45
7.79
524,396
TATA STEEL
912.00
850.35
7.25
3,677,531
MARUTI UDYOG
1160.70
1096.75
5.83
1,226,522
TATA POWER
1108.35
1049.60
5.60
1,267,702
BHARTI TELE
1125.65
1068.60
5.34
3,435,313
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
19K..... Gainers BSE B1
GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
nilkamal plastics ltd.
204.30
20.00
orient information technology ltd.
15.90
20.00
madras aluminium company ltd.
780.00
20.00
itd cementation india limited
601.65
19.99
cyber media (india) ltd
104.90
19.95
lanco industries ltd.
64.40
19.92
indian hume pipe company ltd.
634.75
15.45
nippo batteries company ltd.
571.75
14.24
t i l ltd.
345.00
13.93
ruchi soya industries ltd.
409.55
13.89
hanung toys ` textiles ltd.
198.40
13.50
tantia constructions ltd.
149.95
13.46
h e g ltd.
284.20
13.15
sesa goa ltd.
3317.90
13.15
k c p ltd.
402.85
12.68
emkay share ` stock brokers ltd.
198.80
12.44
tele data informatics ltd.
72.55
12.39
bank of rajasthan ltd.
144.05
12.36
sunil hitech engineers ltd.
263.95
11.27
kew industries ltd.
33.75
10.83
GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
binani industries ltd.
253.15
9.68
rpg life sciences ltd.
103.15
9.67
elgitread (india) ltd.
26.95
9.55
rallis india ltd.
497.60
9.49
gujarat themis biosyn ltd.
11.05
9.29
india glycols ltd.
286.50
9.12
havell`s india ltd.
633.95
9.00
ramsarup industries ltd.
148.45
8.83
punjab alkalies ` chemicals ltd.
26.80
8.50
tata sponge iron ltd.
245.80
8.49
indus fila ltd.
217.90
8.35
bhushan steel ` strips ltd.
1072.55
8.25
allcargo global logistics ltd.
1029.45
8.23
aegis logistics ltd.
159.45
8.17
mangalore chemicals ` fertilizers ltd.
36.50
8.14
jyoti structures ltd.
267.65
7.98
gvk power ` infrastructure ltd.
765.80
7.87
crest animation studios ltd.
107.50
7.76
l g balakrishnan ` bros ltd.
25.75
7.74
jindal drilling ` industries ltd.
1179.55
7.41
shyam telecom ltd.
88.75
7.18
bayer cropscience ltd.
322.70
7.13
info edge (india) ltd.
1200.65
6.90
adhunik metaliks ltd
106.20
6.68
garware-wall ropes ltd.
178.95
6.42
bata india ltd.
219.25
6.40
b o c india ltd.
154.30
6.34
jk lakshmi cement ltd
193.15
6.33
dic india ltd.
195.10
6.32
adlabs films ltd.
719.35
6.28
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
19K.....GAINER- BSE Group A
15-October-2007 16.02.00 GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
Last Price (Rs.)
Gain(%)
shipping corporation of india ltd.
246.55
16.48
steel authority of india (sail) ltd.
258.75
15.41
sterlite industries (india) ltd.
931.20
14.36
reliance energy ltd.
1847.35
12.89
jsw steel ltd
991.35
12.04
jsw steel ltd
991.35
12.04
sterlite optical technologies ltd.
263.15
11.90
punj lloyd ltd.
393.25
11.15
gujarat mineral development corporation ltd
2036.30
9.99
uti bank ltd.
813.35
9.44
thermax ltd.
844.80
9.32
oil ` natural gas corporation ltd.
1191.00
9.10
gail (india) ltd.
439.45
8.65
jindal stainless ltd.
182.05
8.16
d-link india ltd.
79.70
8.14
siemens ltd.
1513.85
7.94
c m c ltd.
1037.40
7.56
tata steel ltd.
911.40
7.46
tata steel ltd.
911.40
7.46
mastek ltd.
389.40
6.96
246.55
16.48
steel authority of india (sail) ltd.
258.75
15.41
sterlite industries (india) ltd.
931.20
14.36
reliance energy ltd.
1847.35
12.89
jsw steel ltd
991.35
12.04
jsw steel ltd
991.35
12.04
sterlite optical technologies ltd.
263.15
11.90
punj lloyd ltd.
393.25
11.15
gujarat mineral development corporation ltd
2036.30
9.99
uti bank ltd.
813.35
9.44
thermax ltd.
844.80
9.32
oil ` natural gas corporation ltd.
1191.00
9.10
gail (india) ltd.
439.45
8.65
jindal stainless ltd.
182.05
8.16
d-link india ltd.
79.70
8.14
siemens ltd.
1513.85
7.94
c m c ltd.
1037.40
7.56
tata steel ltd.
911.40
7.46
tata steel ltd.
911.40
7.46
mastek ltd.
389.40
6.96
dredging corporation of india ltd.
678.80
5.24
sun tv ltd.
339.55
5.12
state bank of india
1956.95
5.08
national aluminium company ltd.
322.65
5.02
reliance communications ltd.
752.70
4.86
reliance communications ltd.
752.70
4.86
india cement ltd.
305.75
4.81
arvind mills ltd.
72.70
4.75
pidilite industries ltd.
159.65
4.72
tamil nadu newsprint and papers ltd.
105.70
4.60
bank of india
326.00
4.50
reliance petroleum ltd.
181.05
4.38
ntpc ltd
226.80
4.27
HDFC Bank Ltd.
1490.45
4.16
icici bank ltd.
1096.70
4.15
corporation bank
385.85
4.12
mahanagar telephone nigam ltd.
168.10
4.11
idea cellular ltd.
148.70
3.94
19K...GAINER- NSE Group
Some of the Gainers- NSE
Company
Last Price (Rs.)
Gain(%)
orient information technology ltd.
15.75
20.22
lanco industries ltd.
65.30
20.03
binani cement ltd.
121.05
20.02
cyber media (india) ltd
105.80
20.02
nilkamal plastics ltd.
201.75
20.01
sharyans resources ltd.
335.55
20.01
itd cementation india limited
601.20
20.00
madras aluminium company ltd.
780.00
20.00
subhash projects ` marketing ltd.
325.30
18.83
shipping corporation of india ltd.
246.65
16.17
steel authority of india (sail) ltd.
259.05
15.77
nippo batteries company ltd.
575.35
14.94
indian hume pipe company ltd.
635.65
14.41
sterlite industries (india) ltd.
931.20
14.30
hanung toys ` textiles ltd.
199.90
14.16
t i l ltd.
346.15
13.90
ruchi soya industries ltd.
408.35
13.74
manugraph india ltd.
126.55
13.54
h e g ltd.
283.60
13.03
sesa goa ltd.
3302.50
12.85
reliance energy ltd.
1844.40
12.69
k c p ltd.
402.85
12.63
tele data informatics ltd.
72.40
12.16
sunil hitech engineers ltd.
264.65
12.13
indowind energy ltd.
189.75
12.07
emkay share ` stock brokers ltd.
198.60
12.01
bank of rajasthan ltd.
143.15
11.96
sterlite optical technologies ltd.
263.70
11.95
surya roshni ltd.
59.05
11.41
nagreeka capital ` infrastructure ltd.
105.65
11.32
punj lloyd ltd.
393.00
11.18
kewal kiran clothing ltd.
431.85
11.18
valecha engineering ltd.
230.55
11.10
rallis india ltd.
499.85
11.09
jsw steel ltd
986.90
11.03
jsw steel ltd
986.90
11.03
uti bank ltd.
820.00
10.20
hyderabad industries ltd.
195.50
10.14
entegra infrastructures ltd.
38.65
10.11
sanwaria agro oils ltd.
73.90
10.05
il ` fs investment managers ltd.
325.90
10.00
walchandnagar industries ltd.
5280.65
10.00
gujarat mineral development corporation ltd
2056.35
10.00
suryajyoti spinning mills ltd.
81.50
9.98
binani industries ltd.
251.55
9.96
advanta india ltd.
1181.75
9.58
elgitread (india) ltd.
27.00
9.53
3m india ltd
1999.55
9.53
kanoria chemicals ` industries ltd.
104.05
9.46
gujarat nre coke ltd.
102.90
9.40
15.75
20.22
lanco industries ltd.
65.30
20.03
binani cement ltd.
121.05
20.02
cyber media (india) ltd
105.80
20.02
nilkamal plastics ltd.
201.75
20.01
sharyans resources ltd.
335.55
20.01
itd cementation india limited
601.20
20.00
madras aluminium company ltd.
780.00
20.00
subhash projects ` marketing ltd.
325.30
18.83
shipping corporation of india ltd.
246.65
16.17
steel authority of india (sail) ltd.
259.05
15.77
nippo batteries company ltd.
575.35
14.94
indian hume pipe company ltd.
635.65
14.41
sterlite industries (india) ltd.
931.20
14.30
hanung toys ` textiles ltd.
199.90
14.16
t i l ltd.
346.15
13.90
ruchi soya industries ltd.
408.35
13.74
manugraph india ltd.
126.55
13.54
h e g ltd.
283.60
13.03
sesa goa ltd.
3302.50
12.85
reliance energy ltd.
1844.40
12.69
k c p ltd.
402.85
12.63
tele data informatics ltd.
72.40
12.16
sunil hitech engineers ltd.
264.65
12.13
indowind energy ltd.
189.75
12.07
emkay share ` stock brokers ltd.
198.60
12.01
bank of rajasthan ltd.
143.15
11.96
sterlite optical technologies ltd.
263.70
11.95
surya roshni ltd.
59.05
11.41
nagreeka capital ` infrastructure ltd.
105.65
11.32
punj lloyd ltd.
393.00
11.18
kewal kiran clothing ltd.
431.85
11.18
valecha engineering ltd.
230.55
11.10
rallis india ltd.
499.85
11.09
jsw steel ltd
986.90
11.03
jsw steel ltd
986.90
11.03
uti bank ltd.
820.00
10.20
hyderabad industries ltd.
195.50
10.14
entegra infrastructures ltd.
38.65
10.11
sanwaria agro oils ltd.
73.90
10.05
il ` fs investment managers ltd.
325.90
10.00
walchandnagar industries ltd.
5280.65
10.00
gujarat mineral development corporation ltd
2056.35
10.00
suryajyoti spinning mills ltd.
81.50
9.98
binani industries ltd.
251.55
9.96
advanta india ltd.
1181.75
9.58
elgitread (india) ltd.
27.00
9.53
3m india ltd
1999.55
9.53
kanoria chemicals ` industries ltd.
104.05
9.46
gujarat nre coke ltd.
102.90
9.40
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19K.....Cheers....Bulls charge back
19000 Marks
Levels reached by Sensex
September 19 16,000
September 26 17,000
October 09 18,000
September 19 16,000
September 26 17,000
October 09 18,000
October 15, 19000 pts
With frontline stocks recording impressive gains almost without a break, the Sensex recorded its fastest ever 1000 point surge by moving from 18,000 to 19,000 in barely four sessions. It had crossed the 18,000 mark on October 9, 2007.
The data on industrial production and inflation may have failed to arrest the slide on Friday, but the bulls, taking positive note of the data and the firm trend across the globe, got the market off to a buoyant start this morning and remained aggressive right through the session. Strong quarterly numbers from a few top notch companies and some stock specific stories also aided the sentiment.
While the Sensex ended with a whopping gain of 639.63 points or 3.47% at 19,058.67, the Nifty, which settled at 5670.40 a few points down from a new high of 5682.65 it hit in late afternoon today, gained 4.46% or 242.15 points.
Buying remained fairly widespread right through the session today. Though select FMCG, healthcare and information technology stocks turned subdued amid cautious trade, stocks from rest of the sectors had a smart outing. Metal stocks were among the most impressive gainers. Mirroring the sharp gains posted by key stocks in that space, the BSE Metal index rose by as much as 9.16% today.
Bank, PSU, Oil and capital goods stocks moved up sharply. Reflecting the buoyancy in these sectors, the indices tracking the movements of these stocks, advanced by 3% - 6%. The Auto, Realty, Teck and Consumer Durables indices also ended sharply higher.
Reliance Energy, one of the biggest gainers in the past couple of weeks, turned in a sparkling display once again. The stock moved up by as much as 12.9% in today's trade. PSU oil & gas exploration major ONGC posted a hefty gain of 9.15%.
Tata Steel recorded a big gain of 7.5%. Hindalco notched up 5.6%. Maruti Udyog (5.8%), Bharti Airtel (5.4%), State Bank of India (5.1%), HDFC Bank (4.2%), ICICI Bank (4.15%), NTPC (4.3%), Reliance Communications (4.9%) and index heavyweight Reliance Industries (3.8%) were in strong demand.
HDFC, which opened on a subdued note, bounced back smartly and posted a handsome gain of 3.4%. BHEL gained a little over 3%. ACC, Ambuja Cements, Bajaj Auto, Cipla, Grasim Industries, Larsen & Toubro, Tata Motors and Wipro gained 1% - 3%. Tata Consultancy Services and Satyam Computer Services moved up by nearly a per cent.
Dr. Reddy's Laboratories, ITC and Mahindra & Mahindra posted modest gains. Ranbaxy Laboratories and Infosys Technologies ended almost unchanged from their previous closing levels. Hindustan Unilever lost nearly a per cent.
SAIL moved up by 15.8% to Rs 259.05 and emerged the biggest gainer among Nifty stocks. Sterlite Industries, which held the top spot for the long time today, ended with a big gain of 14.35% at Rs 931.20. GAIL India (8.4%), Siemens (7.8%), Tata Power (5.6%), Nalco (5.15%), ABB (4.5%), Reliance Petroleum (4.5%), MTNL (4.25%), Suzlon Energy (3.5%), Punjab National Bank (2.85%), Unitech (2.5%) and Sun Pharmaceuticals (2.25%) also ended on a bright note.
VSNL, Hero Honda and Zee Entertainment ended with sharp gains. HCL Technologies closed flat while Hindustan Petroleum Corporation and BPCL eased by 3.25% and 4.4% on selling pressure.
Shipping Corporation of India, JSW Steel, Sterlite Optical Technologies, Punjab Lloyd, Gujarat Minerals, Axis Bank, Thermax, Jindal Stainless, D-Link India, CMC, HTMT Global, Mastek and GE Shipping were some of the big gainers from BSE 'A' Group.
Midcap metal stock Madras Aluminium hit the 20% upper circuit today. Binani Cement also remained firmly locked at hit upper limit. Ruchi Soya, Tele Data, KS Oils, Advanta, Gujarat NRE Coke, 3M India, Havells India, Bhushan Steel, Allcargo Global, Jyoti Structures, GVK Power, Bayer Crop and Info Edge were among the other top gainers from midcap space.
Consolidated Construction Consortium (CCCL) made an impressive debut today. On the National Stock Exchange, where it opened at Rs 889.90, the stock settled at Rs 801, a hefty premium of around 57% to its issue price of Rs 510. Around 7.05 million shares were transacted at the CCCL counter today.
The market breadth remained highly positive. Out of 2838 stocks traded on BSE today, 1899 stocks finished with gains. 875 stocks closed in the negative territory and 64 stocks ended at their previous closing levels.
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Day's Quote/Corporate Story
Quote of the Day
" Do not settle for what you know, but rather strive for the unknown."
Personality / Corporate of the Day
K. P. Singh / DLF
Kushal Pal Singh ( or K.P.Singh as he is popularly known as) was born on August 15, 1931, at Bulandshahar in Uttar Pradesh, Today he presides over the DLF group [1], India’s largest real estate developer with an estimated land bank of 10,255 acres (42 km²) with about 3,000 acres (12 km²) being in prime city locations such as Delhi NCR, Chandigarh and Kolkatta.
Further, Visit: http://en.wikipedia.org/wiki/Kushal_Pal_Singh
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14 October 2007
Economic Times
BSE Sensex's roller coaster ride to 18K
Reliance Power set to become second largest power generator
Differences emerge in DoT over additional spectrum allocation
Global Assets Holding Corporation to raise Rs 560 cr
IndusInd to leapfrog in reach, profit with 600 offices
Bombay Dyeing partners with Dubai's Rivoli Group
L&T plans to enter nuclear power sector
IFC to invest $500 mn in infrastructure projects
JSW Steel to invest Rs 17,718 cr
Bajaj, Hero Honda offer discounts ahead of festive season
DLF to invest Rs 16,000 crore to build 20 big malls
Emerging market MFs absorb huge inflow
China 2nd largest contributor to economic growth
Dabbawalas turn business facilitators
India second largest investor in UK
Results season will throw up winners
Investing across sectors is a safer bet
Broking houses ride the bull to woo women
BPCL ties up with Godrej for agri-retail foray
Banks to set up $80 bn fund to limit credit crunch
M&M to restructure auto-component businesses
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers....
Reliance Power set to become second largest power generator
Differences emerge in DoT over additional spectrum allocation
Global Assets Holding Corporation to raise Rs 560 cr
IndusInd to leapfrog in reach, profit with 600 offices
Bombay Dyeing partners with Dubai's Rivoli Group
L&T plans to enter nuclear power sector
IFC to invest $500 mn in infrastructure projects
JSW Steel to invest Rs 17,718 cr
Bajaj, Hero Honda offer discounts ahead of festive season
DLF to invest Rs 16,000 crore to build 20 big malls
Emerging market MFs absorb huge inflow
China 2nd largest contributor to economic growth
Dabbawalas turn business facilitators
India second largest investor in UK
Results season will throw up winners
Investing across sectors is a safer bet
Broking houses ride the bull to woo women
BPCL ties up with Godrej for agri-retail foray
Banks to set up $80 bn fund to limit credit crunch
M&M to restructure auto-component businesses
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers....
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