Dr Reddys Q2 consolidated net falls 62.19%
Dr Reddys Laboratories (DRL), one of the largest drugmakers in India, registered a substantial fall 62.19% in consolidated net profit for the quarter ended September 2007. During the quarter, the company saw a rise in consolidated net profit to Rs 1,106 million from Rs 2,925 million in the same quarter of the previous year. The consolidated total income for the quarter dropped 33.09% to Rs 13,265.50 million compared with the corresponding quarter, a year ago.
Dabur India Q2 net up 23 pc at Rs 96 cr
MUMBAI: FMCG company Dabur India on Wednesday said it has posted a 22.81 per cent rise in net profit at Rs 96.59 crore for the second quarter ended September 30 as against Rs 78.65 crore for the corresponding period last year. The total income of the firm for the quarter under review increased to Rs 633.39 crore as compared to Rs 560.54 crore for the same quarter last year, the company informed in a filing to the Bombay Stock Exchange. The standalone profit of the company for the second quarter stood increased at Rs 85.81 crore, as against Rs 68.81 crore for the year-ago period.
Lupin Jul-Sep net profit climbs 103%
Lupin’s net profit climbed 103 per cent to Rs 118.08 crore for the quarter ended September 2007 compared with Rs 58.30 crore in the same quarter previous year.
Union Bank Q2 net profit jumps 42%
Union Bank of India’s July-September net profit rose 42 per cent to Rs 275.78 crore compared with Rs 194.16 crore in the same quarter previous year.
Vijaya Bank Jul-Sep net profit up 3%
Vijaya Bank’s July-September net profit rose 3 per cent to Rs 105.25 crore compared with Rs 102.33 crore in the same quarter previous year.
Sun TV Network’s Q2 net profit up 67%
Sun TV Network’s net profit rose 67 per cent to Rs 80.16 crore for July-September compared with Rs 47.96 crore in the same quarter of the previous year.
Pidilite Industries Q2 net profit up 69%
Wockhardt's consolidated net rises 46 pc in Q3
NALCO Q2 net dip 26.09 pc to Rs 439.73 cr
Punjab Tractors Q2 net profit down 46%
PTC net up 32.55% in Sep`07 qtr
Gujarat Gas consolidated net rises 82.77 % in Sep `07 qtr
Hotel Leela net up 81.86% in Sep`07 qtr
Cipla net rises 5.73% for Sep `07 qtr
Opto Circuits net up 56.65% in Sep`07 qtr
Marico net up 42.73% for Sep`07 qtr
JK Lakshmi Cement net rises 3.14 times in Sep `07 qtr
Dishman Pharma net up 9% in Sep`07 qtr
Areva T & D India net up 33.37% for Sep` 07 qtr
Mahindra Ugine net down 46% for Q2
Sakthi Sugars swings to loss in Q2
Blue Star net up 2.89 times in Sep`07 qtr
Bank of Maharashtra Q2 net up 48%
DCW net rises 2.05 times in Sep`07 qtr
Tele Data net rises 20.5% in Q2
Castrol Q3 net accelerates 60%
Deepak Fertiliser net rises 39% for Sep`07 qtr
Panacea Biotec net down 31.06% in Sep`07 qtr
Greenply Ind. net soars 2.35 times for Sep`07 qtr
MIC Electronics net drops 45.57% for Sep`07 qtr
TVS Motor net drops 51.99% in Sep` 07 qtr
Hindustan Motors Q2 net profit at Rs 28 lakh
GIC Housing Q2 net profit at Rs 15.5 crore
Anant Raj Q2 net profit at Rs 22.5 crore
Sadbhav Engg Q2 net profit at Rs 5.5 cr
MRO TEK Q2 net profit Rs 4.4 cr
Ashok Leyland Q2 net profit at Rs 80.34 cr
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24 October 2007
Sensex ends with a marginal gain of 20 pts
Sensex ends with a marginal gain of 20 pts
Wednesday, 24 October , 2007, 16:25
SENSEX 18512.91 20.07
NIFTY 5496.15 22.45
It was a splendid start for the benchmark indices Sensex and the Nifty this morning as strong global markets triggered a rally in blue chip stocks. Short-covering in the derivatives segment also aided the surge. However, as the session progressed, movements turned highly volatile as participants chose to stay cautious and refrained from building up positions at higher levels. A reversal in trend on the Asian bourses also dampened the mood to an extent.
The Sensex, which opened with a positive gap of around 235 points at 18,727.90, hit a high of 18,832.49 in early trade, but soon plunged to 18,317.17 following a severe bout of selling pressure. After moving in a listless way thereafter, it finally ended the day with a small gain of 20.07 points or 0.11% at 18,512.91.
The Nifty, which touched a high of 5577.90 in morning trade, ended at 5496.15, well off its intra-day low of 5419.40 and recorded a gain of 0.41% or 22.45 points.
Capital goods, metal and realty stocks were in demand. Bank stocks, which moved up sharply in intra-day trades, shed some gains during the closing minutes of the session. Consumer durables stocks did fairly well. Auto and information technology, with a few exceptions, remained quite subdued. Oil, pharma and FMCG stocks turned in a lacklustre display.
Even as several large cap stocks found the going tough despite a bright start, a number of stocks from midcap and smallcap segments held firm almost till the end thanks to sustained buying support.
Reliance Energy attracted strong buying and ended with a handsome gain of 8.6%. State Bank of India moved up by 5.25% to Rs 1908. Tata Steel, Hindalco, HDFC Bank and Larsen & Toubro gained 2% - 2.25%.
NTPC (1.85%), Cipla (1.75%), Maruti Udyog (1.45%), ACC (1.25%) and Ranbaxy Laboratories (0.85%) also ended on a firm note. Reliance Industries closed with a modest gain at Rs 2609.50. Hindustan Unilever ended with a slender gain.
ONGC slipped by 3.15% to Rs 1107.90 on heavy selling at the counter. Tata Motors closed with a loss of 2.7% at Rs 774.65. IT bellwether Infosys Technologies ended lower by a little over 2% at Rs 1844.50.
Further, See: Sensex ends with a marginal gain of 20 pts
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Wednesday, 24 October , 2007, 16:25
SENSEX 18512.91 20.07
NIFTY 5496.15 22.45
It was a splendid start for the benchmark indices Sensex and the Nifty this morning as strong global markets triggered a rally in blue chip stocks. Short-covering in the derivatives segment also aided the surge. However, as the session progressed, movements turned highly volatile as participants chose to stay cautious and refrained from building up positions at higher levels. A reversal in trend on the Asian bourses also dampened the mood to an extent.
The Sensex, which opened with a positive gap of around 235 points at 18,727.90, hit a high of 18,832.49 in early trade, but soon plunged to 18,317.17 following a severe bout of selling pressure. After moving in a listless way thereafter, it finally ended the day with a small gain of 20.07 points or 0.11% at 18,512.91.
The Nifty, which touched a high of 5577.90 in morning trade, ended at 5496.15, well off its intra-day low of 5419.40 and recorded a gain of 0.41% or 22.45 points.
Capital goods, metal and realty stocks were in demand. Bank stocks, which moved up sharply in intra-day trades, shed some gains during the closing minutes of the session. Consumer durables stocks did fairly well. Auto and information technology, with a few exceptions, remained quite subdued. Oil, pharma and FMCG stocks turned in a lacklustre display.
Even as several large cap stocks found the going tough despite a bright start, a number of stocks from midcap and smallcap segments held firm almost till the end thanks to sustained buying support.
Reliance Energy attracted strong buying and ended with a handsome gain of 8.6%. State Bank of India moved up by 5.25% to Rs 1908. Tata Steel, Hindalco, HDFC Bank and Larsen & Toubro gained 2% - 2.25%.
NTPC (1.85%), Cipla (1.75%), Maruti Udyog (1.45%), ACC (1.25%) and Ranbaxy Laboratories (0.85%) also ended on a firm note. Reliance Industries closed with a modest gain at Rs 2609.50. Hindustan Unilever ended with a slender gain.
ONGC slipped by 3.15% to Rs 1107.90 on heavy selling at the counter. Tata Motors closed with a loss of 2.7% at Rs 774.65. IT bellwether Infosys Technologies ended lower by a little over 2% at Rs 1844.50.
Further, See: Sensex ends with a marginal gain of 20 pts
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Day's Quote/Corporate Story
Quote of the Day
" It is not only "the slow but steady wins the race", but the slow, steady, and staying on course wins the race."
Corporate/Personality of the Day
Lakshmi Narayanan
Lakshmi Narayanan is the vice chairman and ex-CEO of Cognizant Technology Solutions (CTS) . He was the CEO and president of Cognizant till 2006. [1]
Lakshmi Narayanan, CEO of Cognizant Technology Solutions
Lakshmi has played a leading role in the global information technology industry for more than 25 years, managing divisions and business units in Europe, India and the United States. Since joining Cognizant Technologies in 1994, he has been instrumental in formulating the company’s strategy and building and managing the organization’s development centers in India, where he is based. A member of Cognizant’s Board of Directors, Lakshmi spends time traveling extensively in the U.S. and Europe to meet clients.
Further, visit: http://en.wikipedia.org/wiki/Lakshmi_Narayanan
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
" It is not only "the slow but steady wins the race", but the slow, steady, and staying on course wins the race."
Corporate/Personality of the Day
Lakshmi Narayanan
Lakshmi Narayanan is the vice chairman and ex-CEO of Cognizant Technology Solutions (CTS) . He was the CEO and president of Cognizant till 2006. [1]
Lakshmi Narayanan, CEO of Cognizant Technology Solutions
Lakshmi has played a leading role in the global information technology industry for more than 25 years, managing divisions and business units in Europe, India and the United States. Since joining Cognizant Technologies in 1994, he has been instrumental in formulating the company’s strategy and building and managing the organization’s development centers in India, where he is based. A member of Cognizant’s Board of Directors, Lakshmi spends time traveling extensively in the U.S. and Europe to meet clients.
Further, visit: http://en.wikipedia.org/wiki/Lakshmi_Narayanan
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
23 October 2007
VC, PE Updates
Suzlon To Raise $1.27-Billion From Domestic And Overseas Markets
Bahrain’s Gulf Finance House Raises $630M For Energy City India
Motilal Oswal Venture Capital Invests Rs 31 Crore In RT Outsourcing
IFMR Trust Plans Two Funds Of $140M To Support Rural Enterprises, MFIs
Agencyfaqs Nets Second Round Investment From Seedfund
Kotak Buys 10% In Sunteck; Ishaan Invests $272.5M In K Raheja Projects
Global Infrastructure Partners, Zeus Form JV To Buy 74% In East India Petroleum
GVFL Invests $1 Million In Sahajanand Laser Technology
The Pitfalls Of Investing In India And How To Avoid Them: Evalueserve Report
Kerala Ayurveda Ltd subsidiary acquires 51% stake in CMS-Katra Nursing LLC
Satyam to acquire 100% stake in Nitor Global Solutions
IDFC buys 48.4% in SMS Shivnath Infrastructure Limited
Sequoia Capital to invest US$ 500-600 mn. in India
Fishman sells 10% of Indian real estate co to Migdal for $60m
Deutsche likely to infuse $125 mn into Golden Gate
PE investments in pharma touch $400 m
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Bahrain’s Gulf Finance House Raises $630M For Energy City India
Motilal Oswal Venture Capital Invests Rs 31 Crore In RT Outsourcing
IFMR Trust Plans Two Funds Of $140M To Support Rural Enterprises, MFIs
Agencyfaqs Nets Second Round Investment From Seedfund
Kotak Buys 10% In Sunteck; Ishaan Invests $272.5M In K Raheja Projects
Global Infrastructure Partners, Zeus Form JV To Buy 74% In East India Petroleum
GVFL Invests $1 Million In Sahajanand Laser Technology
The Pitfalls Of Investing In India And How To Avoid Them: Evalueserve Report
Kerala Ayurveda Ltd subsidiary acquires 51% stake in CMS-Katra Nursing LLC
Satyam to acquire 100% stake in Nitor Global Solutions
IDFC buys 48.4% in SMS Shivnath Infrastructure Limited
Sequoia Capital to invest US$ 500-600 mn. in India
Fishman sells 10% of Indian real estate co to Migdal for $60m
Deutsche likely to infuse $125 mn into Golden Gate
PE investments in pharma touch $400 m
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.vccircle.com and www.indiape.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Economic Times Headlines
Two Indians on Time's global "Heroes of Environment" list
500 companies defy meltdown, add Rs 60K to investor kitty
R-Money offers free trading accounts
Reliance Ind Infra falls 5 per cent
KDDL eyes acquisition in Switzerland
Madhya Pradesh okays 83 investment proposals
Prudential 9-month sales up 15 pc
Block deal of 4.82 pc of United Breweries on BSE
Overseas growth drives ICICI Bank momentum
KS Oils July-Sept net at Rs 265.8 mn
Triveni in pact with GE for compressors
RIL to club eight discoveries to D1/D3 finds in KG basin
Siemens gets Rs 330 crore order from Tata Steel
Greenply to acquire plywood firms, plans new units
BSNL to invest Rs 60,000 cr by 2010, aims top slot in GSM
BSNL declares Rs 500 cr dividend for 2006-07
Reliance Ind Infra falls 5 per cent
Suzlon to list Belgium-based subsidiary on LSE
What to expect on October 25 SEBI meet?
Heard on the street
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500 companies defy meltdown, add Rs 60K to investor kitty
R-Money offers free trading accounts
Reliance Ind Infra falls 5 per cent
KDDL eyes acquisition in Switzerland
Madhya Pradesh okays 83 investment proposals
Prudential 9-month sales up 15 pc
Block deal of 4.82 pc of United Breweries on BSE
Overseas growth drives ICICI Bank momentum
KS Oils July-Sept net at Rs 265.8 mn
Triveni in pact with GE for compressors
RIL to club eight discoveries to D1/D3 finds in KG basin
Siemens gets Rs 330 crore order from Tata Steel
Greenply to acquire plywood firms, plans new units
BSNL to invest Rs 60,000 cr by 2010, aims top slot in GSM
BSNL declares Rs 500 cr dividend for 2006-07
Reliance Ind Infra falls 5 per cent
Suzlon to list Belgium-based subsidiary on LSE
What to expect on October 25 SEBI meet?
Heard on the street
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Other Results and Result calendar
Other Results and Result calendar
Mindtree Consulting has announced its second quarter numbers. It has posted 34.6% growth in its net profit of USD 6.7 million.
Shree Cement Q2 net profit at Rs 106.2 cr
Subex Azure Q2 net loss at Rs 34.8 cr
HOEC Q2 net profit at Rs 7.4 cr
Jain Irrigation Q2 net profit at Rs 30 cr
24-Oct-2007 Quarterly Results Calendar from Myiris.Com
3I INFOTECH
ALLIDE DIGITAL
AREVA
BANK OF MAH
CASTROL IND
CIPLA
CYBER MEDIA
D C M SHRIRAM CON
D C W LTD.
DABUR INDIA
DISHMAN PHAR
DR. REDDY
GEODESIC
GUJ AMB EXP
24-Oct-2007
Quarterly Results & To note development of Maize Processing Project at Uttranchal.
GUJ IND POW
HIND MOTORS
HOTEL LEELA
INNOVA FOOD
J B F IND
KUSHAGRA SOFT
LUPIN LTD
M M FORGINGS
MACMILAN IND
MARICO LTD
MERCATOR LIN
MRO-TEK LTD
MUKAND ENGG
NAVNEET PUB.
OPTO CIRCUITS
PAGE INDUSTR
PARADYNE INF
PHOENIX MILL
SADBHAV ENGG
SAKTHI SUGAR
SUN TVNET
T V S MOTOR
TELE DATA
TOURISM FIN
UNION BANK
VICEROY HOTEL
VIJAYA BANK
Result Calendar Updates from Indiaearnings.com
3i Infotech 24-Oct-07
Allied Digital 24-Oct-07
Anant Raj Ind 24-Oct-07
Bank of Mah 24-Oct-07
Bihar Caustic 24-Oct-07
Blue Star 24-Oct-07
Castrol 24-Oct-07
Cholamandalam 24-Oct-07
Cipla 24-Oct-07
Cyber Media 24-Oct-07
Dabur India 24-Oct-07
DCM Shriram Con 24-Oct-07
DCW 24-Oct-07
Dishman Pharma 24-Oct-07
Dr Reddys Labs 24-Oct-07
Eastern Silk 24-Oct-07
Ent Network Ind 24-Oct-07
Excel Crop Care 24-Oct-07
Fact Enterprise 24-Oct-07
Fert and Chem 24-Oct-07
Genesys Int 24-Oct-07
Geodesic 24-Oct-07
GIC Housing Fin 24-Oct-07
Guj Amb Exports 24-Oct-07
Guj Gas 24-Oct-07
Guj Ind Power 24-Oct-07
Himadri Chem 24-Oct-07
Hind Motors 24-Oct-07
Hotel Leela 24-Oct-07
JBF Industries 24-Oct-07
JK LakshmiCemen 24-Oct-07
Krebs Biochem 24-Oct-07
Lakshmi Vilas 24-Oct-07
Lupin 24-Oct-07
Macmillan 24-Oct-07
Mahindra Ugine 24-Oct-07
Marico 24-Oct-07
Mercator Lines 24-Oct-07
Minda Ind 24-Oct-07
MM Forgings 24-Oct-07
Mukund Engg 24-Oct-07
Mysore Cement 24-Oct-07
Navneet 24-Oct-07
Nitco Tiles 24-Oct-07
NRC 24-Oct-07
OCL India 24-Oct-07
Opto Circuits 24-Oct-07
Page Industries 24-Oct-07
Paradyne Info 24-Oct-07
Phoenix Mills 24-Oct-07
Pitti Laminatio 24-Oct-07
Premier 24-Oct-07
Rane Engine 24-Oct-07
Revathi CP 24-Oct-07
Sadbhav Eng 24-Oct-07
Sakthi Sugars 24-Oct-07
Stindia 24-Oct-07
Sun TV Network 24-Oct-07
Swaraj Engines 24-Oct-07
Teledata Info 24-Oct-07
Tourism Finance 24-Oct-07
TVS Motor 24-Oct-07
UCO Bank 24-Oct-07
Union Bank 24-Oct-07
Viceroy Hotels 24-Oct-07
Vijaya Bank 24-Oct-07
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
Mindtree Consulting has announced its second quarter numbers. It has posted 34.6% growth in its net profit of USD 6.7 million.
Shree Cement Q2 net profit at Rs 106.2 cr
Subex Azure Q2 net loss at Rs 34.8 cr
HOEC Q2 net profit at Rs 7.4 cr
Jain Irrigation Q2 net profit at Rs 30 cr
24-Oct-2007 Quarterly Results Calendar from Myiris.Com
3I INFOTECH
ALLIDE DIGITAL
AREVA
BANK OF MAH
CASTROL IND
CIPLA
CYBER MEDIA
D C M SHRIRAM CON
D C W LTD.
DABUR INDIA
DISHMAN PHAR
DR. REDDY
GEODESIC
GUJ AMB EXP
24-Oct-2007
Quarterly Results & To note development of Maize Processing Project at Uttranchal.
GUJ IND POW
HIND MOTORS
HOTEL LEELA
INNOVA FOOD
J B F IND
KUSHAGRA SOFT
LUPIN LTD
M M FORGINGS
MACMILAN IND
MARICO LTD
MERCATOR LIN
MRO-TEK LTD
MUKAND ENGG
NAVNEET PUB.
OPTO CIRCUITS
PAGE INDUSTR
PARADYNE INF
PHOENIX MILL
SADBHAV ENGG
SAKTHI SUGAR
SUN TVNET
T V S MOTOR
TELE DATA
TOURISM FIN
UNION BANK
VICEROY HOTEL
VIJAYA BANK
Result Calendar Updates from Indiaearnings.com
3i Infotech 24-Oct-07
Allied Digital 24-Oct-07
Anant Raj Ind 24-Oct-07
Bank of Mah 24-Oct-07
Bihar Caustic 24-Oct-07
Blue Star 24-Oct-07
Castrol 24-Oct-07
Cholamandalam 24-Oct-07
Cipla 24-Oct-07
Cyber Media 24-Oct-07
Dabur India 24-Oct-07
DCM Shriram Con 24-Oct-07
DCW 24-Oct-07
Dishman Pharma 24-Oct-07
Dr Reddys Labs 24-Oct-07
Eastern Silk 24-Oct-07
Ent Network Ind 24-Oct-07
Excel Crop Care 24-Oct-07
Fact Enterprise 24-Oct-07
Fert and Chem 24-Oct-07
Genesys Int 24-Oct-07
Geodesic 24-Oct-07
GIC Housing Fin 24-Oct-07
Guj Amb Exports 24-Oct-07
Guj Gas 24-Oct-07
Guj Ind Power 24-Oct-07
Himadri Chem 24-Oct-07
Hind Motors 24-Oct-07
Hotel Leela 24-Oct-07
JBF Industries 24-Oct-07
JK LakshmiCemen 24-Oct-07
Krebs Biochem 24-Oct-07
Lakshmi Vilas 24-Oct-07
Lupin 24-Oct-07
Macmillan 24-Oct-07
Mahindra Ugine 24-Oct-07
Marico 24-Oct-07
Mercator Lines 24-Oct-07
Minda Ind 24-Oct-07
MM Forgings 24-Oct-07
Mukund Engg 24-Oct-07
Mysore Cement 24-Oct-07
Navneet 24-Oct-07
Nitco Tiles 24-Oct-07
NRC 24-Oct-07
OCL India 24-Oct-07
Opto Circuits 24-Oct-07
Page Industries 24-Oct-07
Paradyne Info 24-Oct-07
Phoenix Mills 24-Oct-07
Pitti Laminatio 24-Oct-07
Premier 24-Oct-07
Rane Engine 24-Oct-07
Revathi CP 24-Oct-07
Sadbhav Eng 24-Oct-07
Sakthi Sugars 24-Oct-07
Stindia 24-Oct-07
Sun TV Network 24-Oct-07
Swaraj Engines 24-Oct-07
Teledata Info 24-Oct-07
Tourism Finance 24-Oct-07
TVS Motor 24-Oct-07
UCO Bank 24-Oct-07
Union Bank 24-Oct-07
Viceroy Hotels 24-Oct-07
Vijaya Bank 24-Oct-07
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
Other Results: India Infoline, Finolex Cables, Ashok Leyland etc
India Infoline consolidated net up 2.58 times in Q2 (updated)
Financial services space reported a 2.58 times rise in its net profit to Rs 536.7 million for the quarter ended September 2007, from Rs 207.6 million in the corresponding quarter a year ago. Total income rose 2.46 times to Rs 1,952.90 million for the quarter ended September 2007 from Rs 794.9 million, for the same period last year.India Infoline, on a standalone basis disclosed a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 4.60 times rise in profit to Rs 455.38 million, from Rs 98.88 million in the quarter ended September 2006.Net sales for the quarter rose 7.21 times to Rs 1,191.12 million, compared with Rs 165.03 million in the corresponding quarter, a year ago. Total income rose 7.52 times to Rs 1,309.95 million for the quarter ended September 2007, from Rs 184.75 million for the same period last year.The diluted EPS after extraordinary item stood at Rs 7.31 for the quarter ended September 2007.
Zee Entertainment Q2 consolidated net jumps 4.61 times
Leading media house, Zee Entertainment Enterprises registered a phenomenal growth of 4.61 times in consolidated net profit for the quarter ended September 2007. During the quarter, the company experienced a rise in consolidated net profit to Rs 970.60 million, from Rs 210.10 million in the same quarter of the previous year. Consolidated total income during the quarter jumped 15.43% to Rs 4,210.70 million compared with the corresponding quarter, a year ago.
Bhushan Steel net rises 49% in Sep`07 qtr
Bhushan Steel announced a 48.60% jump in net profit at Rs 1,034.10 million for the quarter ended September 2007, compared with Rs 695.90 million for the quarter ended September 2006. Net Sales rose 7.38% to Rs 10,681.20 million in the quarter, from Rs 9,947.10 million in the same quarter, a year ago.Total Income stood at Rs 10,815.90 million for the quarter ended September 2007, where as the same was at Rs 9,995.80 million for the quarter ended September 2006
Indiabulls Financial net vaults 3.8 times in Q2
Finolex Cables Q2 earnings climb 24.65% (Update)
Binani Cement net drops 5.52% in Sep `07 qtr
Coromandel Fertilisers Q2 net climbs 27.39%
Ashok Leyland net declines 15.75% for Q2
Mangalam Cement net rises 36.91% for Sep `07 qtr
Britannia Q2 earnings zoom 2.29 times
Novartis India net rises 70.16% in Sep `07 qtr
Gujarat Alkalies net rises 57.51% in Sep`07 qtr
Apollo Hospitals net falls 52.98% in Q2
GlaxoSmithkline Consumer net rises 39.38% in Sep`07 qtr
Micro Inks swings to (consolidated) profit of Rs 220 mn in Q3
Madras Cements Q2 net climbs 34.17%
Riddhi Siddhi Gluco net down 24.73% for Sep`07 qtr
Amara Raja Batteries Q2 net up 62%
Eicher Motors net up 17.77% in Sep`07 qtr
Bannari Amman Spinning Mills net up 12.5% in Sep`07 qtr
Twilight Litaka net up 65.89% in Sep`07 qtr
Gujarat Alkalies net rises 57.51% in Sep`07 qtr
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Financial services space reported a 2.58 times rise in its net profit to Rs 536.7 million for the quarter ended September 2007, from Rs 207.6 million in the corresponding quarter a year ago. Total income rose 2.46 times to Rs 1,952.90 million for the quarter ended September 2007 from Rs 794.9 million, for the same period last year.India Infoline, on a standalone basis disclosed a phenomenal jump in net profit for the quarter ended September 2007. During the quarter, the company experienced a 4.60 times rise in profit to Rs 455.38 million, from Rs 98.88 million in the quarter ended September 2006.Net sales for the quarter rose 7.21 times to Rs 1,191.12 million, compared with Rs 165.03 million in the corresponding quarter, a year ago. Total income rose 7.52 times to Rs 1,309.95 million for the quarter ended September 2007, from Rs 184.75 million for the same period last year.The diluted EPS after extraordinary item stood at Rs 7.31 for the quarter ended September 2007.
Zee Entertainment Q2 consolidated net jumps 4.61 times
Leading media house, Zee Entertainment Enterprises registered a phenomenal growth of 4.61 times in consolidated net profit for the quarter ended September 2007. During the quarter, the company experienced a rise in consolidated net profit to Rs 970.60 million, from Rs 210.10 million in the same quarter of the previous year. Consolidated total income during the quarter jumped 15.43% to Rs 4,210.70 million compared with the corresponding quarter, a year ago.
Bhushan Steel net rises 49% in Sep`07 qtr
Bhushan Steel announced a 48.60% jump in net profit at Rs 1,034.10 million for the quarter ended September 2007, compared with Rs 695.90 million for the quarter ended September 2006. Net Sales rose 7.38% to Rs 10,681.20 million in the quarter, from Rs 9,947.10 million in the same quarter, a year ago.Total Income stood at Rs 10,815.90 million for the quarter ended September 2007, where as the same was at Rs 9,995.80 million for the quarter ended September 2006
Indiabulls Financial net vaults 3.8 times in Q2
Finolex Cables Q2 earnings climb 24.65% (Update)
Binani Cement net drops 5.52% in Sep `07 qtr
Coromandel Fertilisers Q2 net climbs 27.39%
Ashok Leyland net declines 15.75% for Q2
Mangalam Cement net rises 36.91% for Sep `07 qtr
Britannia Q2 earnings zoom 2.29 times
Novartis India net rises 70.16% in Sep `07 qtr
Gujarat Alkalies net rises 57.51% in Sep`07 qtr
Apollo Hospitals net falls 52.98% in Q2
GlaxoSmithkline Consumer net rises 39.38% in Sep`07 qtr
Micro Inks swings to (consolidated) profit of Rs 220 mn in Q3
Madras Cements Q2 net climbs 34.17%
Riddhi Siddhi Gluco net down 24.73% for Sep`07 qtr
Amara Raja Batteries Q2 net up 62%
Eicher Motors net up 17.77% in Sep`07 qtr
Bannari Amman Spinning Mills net up 12.5% in Sep`07 qtr
Twilight Litaka net up 65.89% in Sep`07 qtr
Gujarat Alkalies net rises 57.51% in Sep`07 qtr
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Satyam, Suzlon, Indiabulls Results
Suzlon Energy Q2 net profit up 40% at Rs 355.58 cr
MUMBAI: Suzlon Energy reported a 40 per cent jump in net profit of Rs 355.58 crore for the quarter ended September against Rs 253.49 crore in the same quarter a year ago. Total income rose 31 per cent to Rs 1687.45 crore from Rs 1285.45 crore in the corresponding quarter previous year. Suzlon’s consolidated net profit for the quarter ended September was up 68 per cent at Rs 394.70 crore against Rs 235.37 crore for the same period a year ago. Sales stood at Rs 3641.29 crore against Rs 2086.98 crore for the same quarter previous year. At 11:11 am, shares of Suzlon Energy were up 12.55 per cent at Rs 1787 from its previous day’s close.
Satyam Computer Q2 net profit up 29% at Rs 417.1 cr
MUMBAI: Satyam Computer Services reported 29 per cent jump in net profit at Rs 417.15 crore for the quarter ended September as compared with Rs 322.34 crore in the same quarter previous year. Total income increased by 31% to Rs 2056.44 crore from Rs 1565.84 crore in the corresponding quarter a year ago. The Satyam Computer Services group posted net profit of Rs 409.09 crore for the quarter ended September versus Rs 319.81 crore for the same quarter a year ago. Total income increased to Rs 2142.26 crore from Rs 1630.11 crore previous year. At 10:18 am, Satyam Computer shares were up 3.02 per cent at Rs 462 on the BSE.END
Indiabulls Financial Q2 net profit surges 282%
MUMBAI: Indiabulls Financial Services Ltd's July-September net profit rose 282 per cent to Rs 117.05 crore compared with Rs 30.63 crore in the same quarter of the previous year. Net sales increased 300 per cent to Rs 263.71 crore against Rs 65.87 crore year ago. Indiabull group's net profit for the September quarter was up 82 per cent to Rs 173.20 crore against Rs 95.10 crore same period year ago. Net sales rose 83 per cent to Rs 492.87 crore against Rs 269.79 crore in the same period year ago. At 10:00 am, Indiabulls Financial shares were at Rs 574 on NSE, down 0.73 per cent from Monday’s close.
GTL Q2 net profit at Rs 45.43 cr
Dish TV July-Sept net loss Rs 919.4 mn
Orient Paper July-Sept net Rs 583.2 mn
KS Oils July-Sept net at Rs 265.8 mn
Dewan Housing July-Sept net at Rs 162 mn
Godrej Consumer Q2 net up 19 pc at Rs 37 cr
BASF up 5% at Rs 245 on Q2 net profit
Hotel Leelaventure July-September net seen up 29.5 pc
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MUMBAI: Suzlon Energy reported a 40 per cent jump in net profit of Rs 355.58 crore for the quarter ended September against Rs 253.49 crore in the same quarter a year ago. Total income rose 31 per cent to Rs 1687.45 crore from Rs 1285.45 crore in the corresponding quarter previous year. Suzlon’s consolidated net profit for the quarter ended September was up 68 per cent at Rs 394.70 crore against Rs 235.37 crore for the same period a year ago. Sales stood at Rs 3641.29 crore against Rs 2086.98 crore for the same quarter previous year. At 11:11 am, shares of Suzlon Energy were up 12.55 per cent at Rs 1787 from its previous day’s close.
Satyam Computer Q2 net profit up 29% at Rs 417.1 cr
MUMBAI: Satyam Computer Services reported 29 per cent jump in net profit at Rs 417.15 crore for the quarter ended September as compared with Rs 322.34 crore in the same quarter previous year. Total income increased by 31% to Rs 2056.44 crore from Rs 1565.84 crore in the corresponding quarter a year ago. The Satyam Computer Services group posted net profit of Rs 409.09 crore for the quarter ended September versus Rs 319.81 crore for the same quarter a year ago. Total income increased to Rs 2142.26 crore from Rs 1630.11 crore previous year. At 10:18 am, Satyam Computer shares were up 3.02 per cent at Rs 462 on the BSE.END
Indiabulls Financial Q2 net profit surges 282%
MUMBAI: Indiabulls Financial Services Ltd's July-September net profit rose 282 per cent to Rs 117.05 crore compared with Rs 30.63 crore in the same quarter of the previous year. Net sales increased 300 per cent to Rs 263.71 crore against Rs 65.87 crore year ago. Indiabull group's net profit for the September quarter was up 82 per cent to Rs 173.20 crore against Rs 95.10 crore same period year ago. Net sales rose 83 per cent to Rs 492.87 crore against Rs 269.79 crore in the same period year ago. At 10:00 am, Indiabulls Financial shares were at Rs 574 on NSE, down 0.73 per cent from Monday’s close.
GTL Q2 net profit at Rs 45.43 cr
Dish TV July-Sept net loss Rs 919.4 mn
Orient Paper July-Sept net Rs 583.2 mn
KS Oils July-Sept net at Rs 265.8 mn
Dewan Housing July-Sept net at Rs 162 mn
Godrej Consumer Q2 net up 19 pc at Rs 37 cr
BASF up 5% at Rs 245 on Q2 net profit
Hotel Leelaventure July-September net seen up 29.5 pc
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Indiabulls Results,
Satyam,
Suzlon
Sensex records its biggest single day gain, ends 879 pts up
Sensex ends 879 pts up
Sensex 18493 (879)
Nifty 5474 (290)
Strong global markets, fairly buoyant results from India Inc and the market regulator SEBI's proposal to undertake a full review of regulations relating to the foreign portfolio investors at its board meeting later this week were among the prominent triggers that sent the bulls on a rampage today. So sustained and stubborn were the bulls that it was a long trip up north for several blue chip stocks and the benchmark indices Sensex and the Nifty today.
The Sensex, which opened with a positive gap of nearly 300 points at 17,910.30 and hit a high of 18,542.41 in intra-day trades, settled at 18,492.84 with a thumping gain of 878.85 points, its biggest ever single day surge in absolute term. The previous best was the 778.85 points gain it had recorded on October 9, 2007. The Nifty, which hit a high of 5488.50 in late afternoon trade, ended with a gain of 5.59% or 289.70 points at 5473.70.
A fair share of the rise in values of frontline stocks could also be attributed to short-covering ahead of October series derivatives contracts. The mood was so buoyant that only a few stocks, Tata Consultancy Services (down 0.95%), Ambuja Cements (down 0.55%), Wipro (down 0.45%), HDFC (down 0.25%) and Infosys Technologies (down 0.15%), among the Sensex components failed to close on the positive side. All these stocks, however, had enjoyed a spell in the positive territory at some stage of the session today.
Index heavyweight Reliance Industries closed stronger by as much as 7.85% at Rs 2601.55. Capital goods heavyweights BHEL and Larsen & Toubro moved up by 11.55% and 7.55% respectively. Power stocks Reliance Energy (11.2%) and NTPC (8.85%) and telecom major Bharti Airtel (8.4%) also closed with hefty gains. Reliance Communications surged 4.9% to Rs 755.45.
Bank stocks, led by sector heavyweights HDFC Bank (7.45%), State Bank of India (5.85%) and ICICI Bank (3.65%) posted strong gains. Metal stocks had a fine run in the positive territory today. Tata Steel notched up a smart gain of 6.95%. Hindalco gained 3.85%.
Cipla (7.25%), Grasim Industries (5.4%), Maruti Udyog (4.6%), ACC (4.65%), ITC (4.35%), ONGC (4.25%), Hindustan Unilever (4.25%), Tata Motors (3.05%), Satyam Computer Services (3%), Dr. Reddy's Laboratories (2.95%), Mahindra & Mahindra (2.65%), Ranbaxy Laboratories (2.45%) and Bajaj Auto (2.15%) also ended on a high note.
SAIL posted an impressive gain of 10.75%. Unitech surged 10.2%. Suzlon Energy, backed up strong results and fat order book, recorded a smart gain of 9.15%. Punjab National Bank, Zee Entertainment, ABB, Reliance Petroleum, GAIL India, Tata Power and Siemens firmed up by 5% - 8%.
Sterlite Industries climbed up 4.65%. BPCL (2.95%), VSNL (2.95%), Hindustan Petroleum Corporation (2.85%), Nalco (2.75%), MTNL (2.5%) and Sun Pharmaceuticals (1.75%) also ended on a high note.
Punjab Lloyd, Crompton Greaves, AIA Engineering, Bharat Earth Movers, Alstom Projects, Areva, Thermax, Praj Industries, Kirloskar Oil Engines, Bharat Electronics, SKF India, Kalpataru Power, Havell’s India and Lakshmi Machine Works were among the top gainers in the capital goods index.
Bank of India zoomed 22.3% to Rs 314.80. Kotak Bank and Canara Bank moved up by 13.25% and 11.35% respectively. Yes Bank spurted 10%. Union Bank of India, Bank of Baroda, Oriental Bank of Commerce, Centurion Bank of Punjab, Axis Bank, Karnataka Bank, Indian Overseas Bank, IndusInd Bank, Federal Bank, Allahabad Bank, Andhra Bank, Indian Bank, IDBI, Dena Bank, Vijaya Bank and Syndicate Bank recorded impressive gains today.
Meal stocks Jindal Steel, Sesa Goa, Welspun Gujarat, Bhushan Steel, Maharashtra Seamless, JSW Steel and Jindal Stainless, auto and auto components stocks MRF, Escorts, Hindustan Motors, Exide Industries, Cummins India, TVS Motor, Amtek Auto, Apollo Tyres, Bharat Forge and Punjab Tractors ended with strong gains.
Divi's Laboratories, Aurobindo Pharma, Lupin, Opto Circuits, Apollo Hospitals, Cadila Healthcare, Nicholas Piramal, Sterling Biotech, Matrix Laboratories, Fortis Healthcare, Biocon, Novartis and Wockhardt were among the major gainers from the healthcare sector.
Midcap stock LIC Housing Finance vaulted 19.15%. Micro Inks, IVRCL Infrastructure, Educomp Solutions, United Breweries, Emami, EID Parry, Ballarpur Industries, Penland, KS Oils, Take Solutions, Bharat Bijli and Ispat Industries also finished with sparkling gains.
Thanks to widespread buying, the market breadth remained very strong today. Out of 2798 stocks traded on BSE, as many as 2089 stocks ended on a positive note. 658 stocks closed in the negative zone while 51 stocks ended at their previous closing levels.
Biggest Gain: Sensex ends up 879pts
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Sensex 18493 (879)
Nifty 5474 (290)
Strong global markets, fairly buoyant results from India Inc and the market regulator SEBI's proposal to undertake a full review of regulations relating to the foreign portfolio investors at its board meeting later this week were among the prominent triggers that sent the bulls on a rampage today. So sustained and stubborn were the bulls that it was a long trip up north for several blue chip stocks and the benchmark indices Sensex and the Nifty today.
The Sensex, which opened with a positive gap of nearly 300 points at 17,910.30 and hit a high of 18,542.41 in intra-day trades, settled at 18,492.84 with a thumping gain of 878.85 points, its biggest ever single day surge in absolute term. The previous best was the 778.85 points gain it had recorded on October 9, 2007. The Nifty, which hit a high of 5488.50 in late afternoon trade, ended with a gain of 5.59% or 289.70 points at 5473.70.
A fair share of the rise in values of frontline stocks could also be attributed to short-covering ahead of October series derivatives contracts. The mood was so buoyant that only a few stocks, Tata Consultancy Services (down 0.95%), Ambuja Cements (down 0.55%), Wipro (down 0.45%), HDFC (down 0.25%) and Infosys Technologies (down 0.15%), among the Sensex components failed to close on the positive side. All these stocks, however, had enjoyed a spell in the positive territory at some stage of the session today.
Index heavyweight Reliance Industries closed stronger by as much as 7.85% at Rs 2601.55. Capital goods heavyweights BHEL and Larsen & Toubro moved up by 11.55% and 7.55% respectively. Power stocks Reliance Energy (11.2%) and NTPC (8.85%) and telecom major Bharti Airtel (8.4%) also closed with hefty gains. Reliance Communications surged 4.9% to Rs 755.45.
Bank stocks, led by sector heavyweights HDFC Bank (7.45%), State Bank of India (5.85%) and ICICI Bank (3.65%) posted strong gains. Metal stocks had a fine run in the positive territory today. Tata Steel notched up a smart gain of 6.95%. Hindalco gained 3.85%.
Cipla (7.25%), Grasim Industries (5.4%), Maruti Udyog (4.6%), ACC (4.65%), ITC (4.35%), ONGC (4.25%), Hindustan Unilever (4.25%), Tata Motors (3.05%), Satyam Computer Services (3%), Dr. Reddy's Laboratories (2.95%), Mahindra & Mahindra (2.65%), Ranbaxy Laboratories (2.45%) and Bajaj Auto (2.15%) also ended on a high note.
SAIL posted an impressive gain of 10.75%. Unitech surged 10.2%. Suzlon Energy, backed up strong results and fat order book, recorded a smart gain of 9.15%. Punjab National Bank, Zee Entertainment, ABB, Reliance Petroleum, GAIL India, Tata Power and Siemens firmed up by 5% - 8%.
Sterlite Industries climbed up 4.65%. BPCL (2.95%), VSNL (2.95%), Hindustan Petroleum Corporation (2.85%), Nalco (2.75%), MTNL (2.5%) and Sun Pharmaceuticals (1.75%) also ended on a high note.
Punjab Lloyd, Crompton Greaves, AIA Engineering, Bharat Earth Movers, Alstom Projects, Areva, Thermax, Praj Industries, Kirloskar Oil Engines, Bharat Electronics, SKF India, Kalpataru Power, Havell’s India and Lakshmi Machine Works were among the top gainers in the capital goods index.
Bank of India zoomed 22.3% to Rs 314.80. Kotak Bank and Canara Bank moved up by 13.25% and 11.35% respectively. Yes Bank spurted 10%. Union Bank of India, Bank of Baroda, Oriental Bank of Commerce, Centurion Bank of Punjab, Axis Bank, Karnataka Bank, Indian Overseas Bank, IndusInd Bank, Federal Bank, Allahabad Bank, Andhra Bank, Indian Bank, IDBI, Dena Bank, Vijaya Bank and Syndicate Bank recorded impressive gains today.
Meal stocks Jindal Steel, Sesa Goa, Welspun Gujarat, Bhushan Steel, Maharashtra Seamless, JSW Steel and Jindal Stainless, auto and auto components stocks MRF, Escorts, Hindustan Motors, Exide Industries, Cummins India, TVS Motor, Amtek Auto, Apollo Tyres, Bharat Forge and Punjab Tractors ended with strong gains.
Divi's Laboratories, Aurobindo Pharma, Lupin, Opto Circuits, Apollo Hospitals, Cadila Healthcare, Nicholas Piramal, Sterling Biotech, Matrix Laboratories, Fortis Healthcare, Biocon, Novartis and Wockhardt were among the major gainers from the healthcare sector.
Midcap stock LIC Housing Finance vaulted 19.15%. Micro Inks, IVRCL Infrastructure, Educomp Solutions, United Breweries, Emami, EID Parry, Ballarpur Industries, Penland, KS Oils, Take Solutions, Bharat Bijli and Ispat Industries also finished with sparkling gains.
Thanks to widespread buying, the market breadth remained very strong today. Out of 2798 stocks traded on BSE, as many as 2089 stocks ended on a positive note. 658 stocks closed in the negative zone while 51 stocks ended at their previous closing levels.
Biggest Gain: Sensex ends up 879pts
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com www.business-standard.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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