The Reserve Bank of India today released the document `Macroeconomic and Monetary Developments: Mid-Term Review 2007-08` to serve as a backdrop to the Mid-Term Review of the Annual Policy Statement for 2007-08, going to be announced on Oct. 30, 2007.
The highlights of macroeconomic and monetary developments during 2007-08 so far are:
The Real Economy
The Indian economy continued to maintain strong growth momentum during the first quarter of 2007-08, underpinned by sustained performances of the manufacturing and services sectors. According to the estimates released by the Central Statistical Organisation (CSO) in August 2007, real GDP growth was 9.3 % during the first quarter of 2007-08 as compared with 9.6 % during the same period in 2006-07.
The cumulative rainfall during the South-West monsoon season 2007 (June to September) was 5 % above normal as compared with one % below normal during the corresponding period of the previous year. The area coverage of kharif crops has increased during 2007-08 (as on October 12, 2007) with reported sown area of 104.7 % of the normal, which was about 3.1 % higher than the previous year.
During April-August 2007, the index of industrial production rose by 9.8 % as compared with a growth of 11.0 % recorded during the corresponding period of the previous year. The manufacturing sector registered a growth of 10.3 % during April-August 2007 on top of 12.2 % during April-August 2006.
During April-August 2007, the infrastructure sector recorded a growth of 6.6 % as compared with 8.3 % a year ago, with five of the six core infrastructure industries registering a deceleration. The electricity sector was the only sector which recorded a higher growth than a year ago.
For more: Macro highlights before RBI reviews `Mid-Term`policy
other RBI stories:
RBI liberalizes booking of Forward Contracts
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29 October 2007
Mukesh Ambani elbows out Gates as richest
Five richest people in the world with their net worth 1. Mukesh Ambani ($63.2 billion) 2. Carlos Slim Helu ($62.2993 billion) 3. William (Bill) Gates ($62.29 billion) 4. Warren Buffett ($55.9 billion) 5. Lakshmi Mittal ($50.9 billion)
29 Oct, 2007, 1800 hrs IST, PTI, NEW DELHI: Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market. Following a strong share price rally on in his three group companie, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore). In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.
Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 billion. Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent). Slim's wealth has been calculated on the basis of his stake in companies like America Movil (30 per cent), Carso Global (82 per cent), Grupo Carso (75 per cent), Inbursa (67 per cent), IDEAL (30 per cent) and Saks Inc (10 per cent). According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of $62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of $62.29 billion currently.
Earlier last month, US business magazine Forbes had named Gates as the richest American with a net worth of $59 billion, calculated as on August 30. The magazine had said that a movement of two dollars in the share price for Microsoft, the world's biggest software maker, could "add or subtract a billion dollars" from his wealth.
Since August-end, Microsoft's share price has risen by $6.58 (based on yesterday's closing on Nasdaq at $35.03), which results into a gain of $3.29 billion in Gates' wealth based on Forbes assumption. Besides a stake in Microsoft, Gates' wealth also includes the commission and license fees earned by him and gains through his shares in an investment holding company that invests across the market. Gates is followed by Buffett at the fourth place in the league of the world's richest with a net worth of $55.9 billion through his holding in his investment vehicle Berkshire Hathaway and in other companies.
At the end of August, Buffett's wealth stood at $52 billion, as per the Forbes magazine. Berkshire Hathaway's share price has gained by about 7.5 per cent since then. Earlier on September 26, Ambani had overtaken steel czar Lakshmi Mittal to become the richest Indian in the world. Mittal currently ranks as the fifth richest in the world with a net worth of $50.9 billion through his 44.79 per cent stake in world's biggest steel maker ArcelorMittal. While most of Mittal's wealth comes from his steel empire, though he has also spread his wings into businesses like oil and real estate, those of Ambani and Gates are mostly through petrochemicals and software respectively. However, Buffett and Slim are making money from investments across a host of sectors
Ambanis 1st to hit $100-bn mark on wealth street
Mukesh Ambani Group m-cap crosses Rs 5 tn mark
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29 Oct, 2007, 1800 hrs IST, PTI, NEW DELHI: Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market. Following a strong share price rally on in his three group companie, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore). In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.
Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 billion. Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent). Slim's wealth has been calculated on the basis of his stake in companies like America Movil (30 per cent), Carso Global (82 per cent), Grupo Carso (75 per cent), Inbursa (67 per cent), IDEAL (30 per cent) and Saks Inc (10 per cent). According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of $62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of $62.29 billion currently.
Earlier last month, US business magazine Forbes had named Gates as the richest American with a net worth of $59 billion, calculated as on August 30. The magazine had said that a movement of two dollars in the share price for Microsoft, the world's biggest software maker, could "add or subtract a billion dollars" from his wealth.
Since August-end, Microsoft's share price has risen by $6.58 (based on yesterday's closing on Nasdaq at $35.03), which results into a gain of $3.29 billion in Gates' wealth based on Forbes assumption. Besides a stake in Microsoft, Gates' wealth also includes the commission and license fees earned by him and gains through his shares in an investment holding company that invests across the market. Gates is followed by Buffett at the fourth place in the league of the world's richest with a net worth of $55.9 billion through his holding in his investment vehicle Berkshire Hathaway and in other companies.
At the end of August, Buffett's wealth stood at $52 billion, as per the Forbes magazine. Berkshire Hathaway's share price has gained by about 7.5 per cent since then. Earlier on September 26, Ambani had overtaken steel czar Lakshmi Mittal to become the richest Indian in the world. Mittal currently ranks as the fifth richest in the world with a net worth of $50.9 billion through his 44.79 per cent stake in world's biggest steel maker ArcelorMittal. While most of Mittal's wealth comes from his steel empire, though he has also spread his wings into businesses like oil and real estate, those of Ambani and Gates are mostly through petrochemicals and software respectively. However, Buffett and Slim are making money from investments across a host of sectors
Ambanis 1st to hit $100-bn mark on wealth street
Mukesh Ambani Group m-cap crosses Rs 5 tn mark
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Results on Tuesday: 30th October
Results Calender
Aarti Drugs 30-Oct-07
Aarvee Denim 30-Oct-07
Adhunik Metalik 30-Oct-07
Ajanta Pharma 30-Oct-07
Alstom Projects 30-Oct-07
AP Paper Mills 30-Oct-07
Asian Electroni 30-Oct-07
Balaji Telefilm 30-Oct-07
Bell Ceramics 30-Oct-07
BL Kashyap 30-Oct-07
Bongaigaon Ref 30-Oct-07
Cambridge Sol 30-Oct-07
Centurion Bank 30-Oct-07
CenturyPlyboard 30-Oct-07
Chennai Petro 30-Oct-07
Crest Animation 30-Oct-07
Crompton Greave 30-Oct-07
DLF 30-Oct-07
Dolphin Offshor 30-Oct-07
Dynacons Sys 30-Oct-07
Dynamatic Tech 30-Oct-07
EIH 30-Oct-07
Emco 30-Oct-07
EngineersInd 30-Oct-07
Esab India 30-Oct-07
Everonn Systems 30-Oct-07
Heritage Foods 30-Oct-07
Hind Composites 30-Oct-07
Hind Org Chem 30-Oct-07
IFB Agro 30-Oct-07
Indo Rama Synth 30-Oct-07
Indo Tech Trans 30-Oct-07
IndraprasthaGas 30-Oct-07
Indus Fila 30-Oct-07
IOC 30-Oct-07
Ispat Industrie 30-Oct-07
Karnataka Bank 30-Oct-07
KEC Infrastruct 30-Oct-07
Kesoram 30-Oct-07
Khaitan 30-Oct-07
Mah Seamless 30-Oct-07
Meghmani Organi 30-Oct-07
Mirc Electronic 30-Oct-07
Murli 30-Oct-07
Nandan Exim 30-Oct-07
Nectar Life 30-Oct-07
Nestle 30-Oct-07
Numeric Powe 30-Oct-07
ONGC 30-Oct-07
Parsvnath 30-Oct-07
Pricol 30-Oct-07
Raj Television 30-Oct-07
RamkrishnaForge 30-Oct-07
Remsons Ind 30-Oct-07
Royal Orchid 30-Oct-07
SAIL 30-Oct-07
Sangam India 30-Oct-07
SBandT Int 30-Oct-07
Sesa Goa 30-Oct-07
Shreyas Shippin 30-Oct-07
Sterlite Optic 30-Oct-07
Stride Arcolab 30-Oct-07
Subros 30-Oct-07
Sundaram-Clayto 30-Oct-07
Suven Life Scie 30-Oct-07
Tata Chemicals 30-Oct-07
Tata Power 30-Oct-07
TataTeleservice 30-Oct-07
TIL 30-Oct-07
Timken 30-Oct-07
Torrent Pharma 30-Oct-07
Transport Corp 30-Oct-07
TTK Prestige 30-Oct-07
Unitech 30-Oct-07
Varun Shipping 30-Oct-07
Zenith Infotech 30-Oct-07
Zylog Systems 30-Oct-07
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Aarti Drugs 30-Oct-07
Aarvee Denim 30-Oct-07
Adhunik Metalik 30-Oct-07
Ajanta Pharma 30-Oct-07
Alstom Projects 30-Oct-07
AP Paper Mills 30-Oct-07
Asian Electroni 30-Oct-07
Balaji Telefilm 30-Oct-07
Bell Ceramics 30-Oct-07
BL Kashyap 30-Oct-07
Bongaigaon Ref 30-Oct-07
Cambridge Sol 30-Oct-07
Centurion Bank 30-Oct-07
CenturyPlyboard 30-Oct-07
Chennai Petro 30-Oct-07
Crest Animation 30-Oct-07
Crompton Greave 30-Oct-07
DLF 30-Oct-07
Dolphin Offshor 30-Oct-07
Dynacons Sys 30-Oct-07
Dynamatic Tech 30-Oct-07
EIH 30-Oct-07
Emco 30-Oct-07
EngineersInd 30-Oct-07
Esab India 30-Oct-07
Everonn Systems 30-Oct-07
Heritage Foods 30-Oct-07
Hind Composites 30-Oct-07
Hind Org Chem 30-Oct-07
IFB Agro 30-Oct-07
Indo Rama Synth 30-Oct-07
Indo Tech Trans 30-Oct-07
IndraprasthaGas 30-Oct-07
Indus Fila 30-Oct-07
IOC 30-Oct-07
Ispat Industrie 30-Oct-07
Karnataka Bank 30-Oct-07
KEC Infrastruct 30-Oct-07
Kesoram 30-Oct-07
Khaitan 30-Oct-07
Mah Seamless 30-Oct-07
Meghmani Organi 30-Oct-07
Mirc Electronic 30-Oct-07
Murli 30-Oct-07
Nandan Exim 30-Oct-07
Nectar Life 30-Oct-07
Nestle 30-Oct-07
Numeric Powe 30-Oct-07
ONGC 30-Oct-07
Parsvnath 30-Oct-07
Pricol 30-Oct-07
Raj Television 30-Oct-07
RamkrishnaForge 30-Oct-07
Remsons Ind 30-Oct-07
Royal Orchid 30-Oct-07
SAIL 30-Oct-07
Sangam India 30-Oct-07
SBandT Int 30-Oct-07
Sesa Goa 30-Oct-07
Shreyas Shippin 30-Oct-07
Sterlite Optic 30-Oct-07
Stride Arcolab 30-Oct-07
Subros 30-Oct-07
Sundaram-Clayto 30-Oct-07
Suven Life Scie 30-Oct-07
Tata Chemicals 30-Oct-07
Tata Power 30-Oct-07
TataTeleservice 30-Oct-07
TIL 30-Oct-07
Timken 30-Oct-07
Torrent Pharma 30-Oct-07
Transport Corp 30-Oct-07
TTK Prestige 30-Oct-07
Unitech 30-Oct-07
Varun Shipping 30-Oct-07
Zenith Infotech 30-Oct-07
Zylog Systems 30-Oct-07
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Results on Tuesday: 30th October
Other Results: JSPL, IBReal, BOI etc
BHEL Q2 net profit up 91% to Rs 688 cr
BHEL has announced its second quarter numbers. It has posted 91.01% growth in its net profit of Rs 687.66 crore for the quarter ended September 2007 as against Rs 360.01 crore in same quarter of last year.
Jindal Steel Q2, net profit up 77%
Jindal Steel & Power Ltd's July-September net profit rose 77 per cent to Rs 277.47 crore compared with Rs 157.23 crore for the same quarter of previous year. Total income increased 60 per cent to Rs 1, 271.94 crore for the September quarter from Rs 792.90 crore for same period of the earlier year. On BSE, Jindal Steel shares were up 6 per cent at Rs 8,885.
Srei Infra Q2 net jumps 104 per cent Net profit of Srei Infrastructure Finance Ltd during the second quarter of the current financial year increased 104 per cent touching Rs 33.1 crore as compared to Rs 16.2 crore in the same corresponding period previous fiscal.
HUDCO H1 net soars three-fold at Rs 165 cr
State-run Housing & Urban Development Corporation Ltd (HUDCO) on Monday reported an over three-fold increase in its net profit at Rs 164.91 crore for the half year ended September 30, compared to Rs 46.99 crore for the same period last year.
Firstsource Q2 profit jumps 143 pc at Rs 45.6 cr
BPO service provider, Firstsource Solutions, has clocked a 143 per cent jump in its profit after tax (PAT) at Rs 45.6 crore in Q2 while revenue grew 62 per cent at Rs 296.5 crore in the same period.
Indiabulls Real Estate July-Sept net Rs 227.7 mn Indiabulls Real Estate Ltd on Monday posted a net profit of Rs 227.7 million for the July-September quarter, on a total income of Rs 373.4 million. This included other income of Rs 309 million. Comparable figures for the same period last year were not available.
Indian Overseas Bank Q2 net profit up 28% Indian Overseas Bank's net profit rose 28 per cent to Rs 319.70 crore for July-September compared with Rs 249.85 crore in the same quarter of the previous year. Total income increased 43 per cent to Rs 2104.78 crore in the September quarter 2007 from Rs 1468.53 year ago
Wire and Wireless posts Q2 net loss
Bank of India net jumps two fold in Q2
Bank of India, announced a two times jump in net profit at Rs 4,252.70 million for the quarter ended September 2007, as compared to Rs 2,121.30 million for the same quarter, last year.Total Income increased 34.17% to Rs 35,036.70 million for the quarter ended September 2007, from Rs 26,114.20 million for the quarter ended September 2006. The interest income rose to Rs 29,752.40 million in the quarter, from Rs 22,581.70 million in the same quarter, a year agoHPCL Q2 net down 59.82%
Hindustan Petroleum Corporation (HPCL), the second largest integrated oil refining and marketing company in India, on a standalone basis posted a steep fall of 59.82% net profit to Rs 8,530.30 million, for the second quarter ended September 2007, as compared with Rs 12,219.80 million for the corresponding quarter, last fiscal.
Net sales for the quarter fell 0.54% to Rs 242,344.40 million, as against Rs 243,674.60 million in the same quarter, a year ago.
Ipca Labs Q2 net up 28.30%
Ipca Laboratories registered 28.30% growth in net profit to Rs 454.20 million for the quarter ended September 2007, as against Rs 354.00 million for the same quarter, a year ago.
Net sales rose 23.02% to Rs 3,001.10 million in the quarter, from Rs 2,439.50 million for the same quarter, last year.
Total income rose 22.89% to Rs 3,004.50 million for the quarter ended September 2007, from Rs 2,444.80 million in the same quarter of previous year.
Simplex Infra net jumps 2.70 times in Sep`07 qtr
Kolkata-based infrastructure development company, Simplex Infrastructures recorded a phenomenal 2.70 times jump in net profit to Rs 191 million for the quarter ended September 2007, as against Rs 70.60 million for the quarter ended September 2006.
Net sales for the quarter soared 60.29% to Rs 5,711.30 million, from Rs 3,563 million for the same quarter, last year.Total income also increased 61.54% to Rs 5,774.60 million in the quarter, from Rs 3,574.60 million for the quarter ended September 2006.
OBC Q2 net down 30%
Oriental Bank of Commerce (OBC) posted a 29.86% drop in net profit at Rs 1,750.00 million for the quarter ended September 2007, as against Rs 2,495.10 million for the corresponding quarter of the previous year.Total Income increased 24.17% to Rs 17,882.10 million for the quarter ended September 2007, from Rs 14,401.30 million for the quarter ended September 2006.
PNB net up 6.6% in Sep`07 qtr
Punjab National Bank (PNB) announced a 6.63% rise in net profit at Rs 5,384.80 million for the quarter ended September 2007, as compared to Rs 5,049.90 million for the quarter ended September 2006. Total Income rose increased 28.5% to Rs 39,308.90 million for the quarter ended September 2007, from Rs 30,483.20 million for the quarter ended September 2006.
Adani Enterprises consolidated net rises to Rs 426.40 mn
On consolidated basis, Adani Enterprises (Q, N,C,F)* posted a net profit of Rs 426.40 million for the quarter ended Sep 30, 2007. Total Revenue is Rs 43,892.30 million for the quarter ended Sep. 30, 2007.On standalone basis, the company reported a substantial jump of 67.23% in net profit to Rs 379.30 million for the quarter ended Sep. 30, 2007 as compared to Rs 226.80 million for the corresponding quarter last year.Total revenue increased 6.66% to Rs 25,699.30 million for the quarter ended Sep. 30, 2007 from Rs 24,093.50 million for the quarter ended Sep. 30, 2006.
Jet Airways swings to profit in Sep`07 qtr
Jet Airways India swung to profit for the quarter ended September 2007. The company on standalone basis posted a net profit of Rs 283.60 million, as compared with a loss of Rs 551.30 million in the corresponding quarter last fiscal.
Net sales of the company rose 12.60% to Rs 18,185.50 million, as against Rs 16,150.40 million, in the same quarter a year ago.
Total income for the quarter rose 23.77% to Rs 22,541.70 million , as against Rs 18,212.30 million in the corresponding quarter last year.
MICO Q3 net climbs 9.09%
Leading auto components manufacturer, Motor Industries (MICO) registered a marginal rise of 9.09% in net profit for the quarter ended September 2007, due to 157 basis points fall in operating margins together with marginal revenue growth. During the quarter, the company saw a rise in net profit to Rs 1,367.50 million from Rs 1,253.50 million in the same quarter of the previous year. Earnings per share for the quarter rose 9.21% to Rs 42.70 million, compared with a year ago period.
Sobha Developers net up 22.93% in Sep`07 qtr
Sobha Developers on a standalone basis posted a robust growth of 22.93% in net profit to Rs 561.81 million, for the quarter ended September 2007, as against Rs 457.00 million for the corresponding quarter last fiscal.Net sales for the quarter rose 9.34% to Rs 3,254.21 million as against Rs 2,976 million in the same quarter a year ago.
Total income for the quarter rose 11.56% to Rs 3,330 million as compared with Rs 2,985 million in the same quarter previous year.
Titan Industries net up 43.87% in Sep`07 qtr
Titan Industries registered a 43.87% growth in net profit to Rs 463.00 million for the quarter ended September 2007 as compared with Rs 321.80 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 38.50% to Rs 7,251.10 million as compared with Rs 5,235.30 million for the same quarter a year ago.
Total income for the quarter rose 38.44% to Rs 7,255.20 million from Rs 5240.60 million for the corresponding quarter last year.
Tata Tea Q2 consolidated net falls 43.71%
MRPL Q2 net zooms 34.71 times
Mangalore Refinery & Petrochemicals (MRPL), a Mini Ratna category company and a subsidiary of ONGC reported a substantial growth of 34.71 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 3,317.40 million from Rs 92.90 million in the same quarter of the previous year. Total income for the quarter dropped marginally 4.85% to Rs 76,789.70 million, compared with the corresponding quarter, a year ago.
Nirma net up 80.81% in Sep`07 qtr
Nirma on standalone basis registered a robust growth of 80.81% in net profit to Rs 807.90 million for the quarter ended September 2007, as compared to Rs 446.80 million for the corresponding quarter last fiscal.
Net sales for the quarter declined 4.91% to Rs 4,984.30 million from Rs 5,241.70 million for the same quarter a year ago.
Gitanjali Gems April-Sept net at Rs 59.68 cr Jewellery manufacturer Gitanjali Gems Ltd reported on Monday a net profit of Rs 59.68 crore on net sales of Rs 1,250 crore in the six months to September 2007. Gitanjali Gems has announced its second quarter numbers. It has posted net profit of Rs 22.5 crore for the quarter ended September 2007 as against Rs 22 crore in same quarter of last year.
United Phosphorus swings to loss in Sep`07 qtr
Active Stock: Jagran Prakashan soars 11% on stock split news
R Systems net rises 19% in Q2
Shoppers Stop net drops to Rs 4.23 mn for Sep`07 qtr
HT Media net up 18.73% for Sep`07 qtr
Jagran Prakashan Q2 net profit at Rs 22 crore
Jagran Prakashan has declared its Q2 results. Its Q2 net profit was at 22 crore versus Rs 17.5 crore.
Karur Vysya Bank Q2 net profit at Rs 43.4 cr
29th-Oct-2007
Karur Vysya Bank has announced its second quarter numbers. It has posted net profit of Rs 43.4 crore for the quarter ended September 2007 as against Rs 42.5 crore in previous quarter.
JM Fin Q2 net profit up at Rs 44.8 cr
JM Financial in Q2 FY08 has registered consolidated net profit of Rs 44.8 crore versus Rs 15.9 crore on YoY basis.
Dhanalakshmi Bank Q2 net profit at Rs 7.5 cr
29th-Oct-2007
Dhanalakshmi Bank has announced its second quarter numbers. It has posted net profit of Rs 7.5 crore for tthe quarter ended September 2007 and total income of Rs 87.6 crore.
Sundram Fasteners Q2 net profit at Rs 20.6 cr
29th-Oct-2007
Sundram Fasteners has announced its second quarter numbers. It has posetd standalone net profit of Rs 20.6 crore for the quarter ended September 2007 as against Rs 25.4 crore in same quarter of last year.
Vishal Retail H1 net profit at Rs 14.7 cr
29th-Oct-2007
Vishal Retail has announced its second quarter numbers. For the half period ended September 2008, it has posted net profit of Rs 14.7 crore and total income of Rs 388 crore.
Nucleus Software Q2 net profit at Rs 16.2 cr
29th-Oct-2007
Nucleus Software has come out with second quarter numbers. It has posted consolidated net profit of Rs 16.2 crore for the quarter ended September 2007 as against Rs 14 crore in previous quarter.
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BOI etc,
IBReal,
Other Results: JSPL
Results: BHEL, MnM, HDFC, Sterlite, Maruti etc
BHEL net jumps 91.01% in Sep`07 qtr
BHEL Q2 net profit up 91% to Rs 688 cr
Bharat Heavy Electricals (BHEL) on a standalone basis registered a stupendous growth of 91.01% in net profit to Rs 6,876.60 million for the quarter ended September 2007, as against Rs 3600.10 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 18.68% to Rs 39,653.60 million as against with Rs 33,411.50 million for the same quarter a year ago.
Total income for the quarter rose 27.20% to Rs 44,662.50 million as compared with Rs 35,110.40 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 14.05 in the quarter ended September 2007.
HDFC net up 75.63% in Sep`07 qtr
Housing Development Finance Corporation (HDFC), India`s first and largest mortgage finance company on standalone basis registered a 75.63% growth in net profit to Rs 6,463.90 million for the quarter ended September 2007, as compared with Rs 3,680.20 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 30.53% to Rs 18,886.00 million as against Rs 14,467.90 million for the same quarter a year ago.
Total income for the quarter rose 29.94% to Rs 18,925.00 million, from Rs 14,563.30 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 22.83 in the quarter ended September 2007.
Sterlite Industries (consolidated) net up 1.1% in Q2
Sterlite Industries on a consolidated basis posted a 1.1% rise in net profit of Rs 10,827.40 million for the quarter ended September 2007, as compared to Rs 10,710.00 million, for the same quarter of the previous year. Total Income rose marginally by 0.90% to Rs 68,904.20 million for the quarter ended September 2007, where as the same was at Rs 68,292.50 million for the quarter ended September 2006.
The company also said that on account of sale of power transmission line division with effect from Jul. 1, 2006, figures for current period(s) are not strictly comparable to figures for the previous period.
On a standalone basis the company posted a 55.88% rise in net profit at Rs 2128.70 million for the quarter ended September 2007, where as the same was at Rs 1365.60 million, for the same quarter last year.
Highlights of the quarterUnder international competitive bidding (ICB), the company bagged orders worth Rs 29 billion for the supply and installation of the main plant package at the upcoming Jhajjar Super Thermal Power Project in Haryana, involving three units of 500 MW each. The orders have been placed on BHEL by Aravali Power (APCPL), a joint venture company of NTPC, IPGPL and HPGCL. Significantly, this is the highest value boiler and turbine generator (BTG) package contract for a single project ever received by BHEL.Shares of the company closed up Rs 180.35, or 7.42% to settle at Rs 2612.1. The total volume of shares traded at the BSE was 405,033. (Monday).
M&M net dips 26% for Sep`07 qtr
Mahindra & Mahindra (M&M), a leading maker of utility vehicles, posted a 26.01% decline in net profit at Rs 2,859.47 million for the quarter ended September 2007 as compared to Rs 3,864.77 million for the same quarter, last year.
However, on a quarter-on-quarter basis, the company recorded a 49.57% increase in net profit compared with Rs 1,911.70 million for the previous quarter ended June 2007.
Net sales for the quarter rose 12.52% to Rs 28,023.95 million as compared with Rs 24,905.01 million for the quarter ended September 2006.
Total Income increased 12.02% to Rs 28,715.49 million for the quarter ended September 2007 from Rs 25,634.18 million for the quarter ended September 2006.
The diluted EPS, after extraordinary items, stood at Rs 10.69 for the quarter ended September 2007.
Maruti Suzuki Q2 net up 27%
Maruti Suzuki India posted a 26.96% jump in net profit at Rs 4,665.00 million for the quarter ended September 2007 as compared to Rs 3,674.40 million for the same quarter, last year.Total Income increased 33.75% to Rs 47,358.30 million for the quarter ended September 2007, from Rs 35,408.90 million for the quarter ended September 2006.
Net Sales for the quarter rose to Rs 45,473.70 million as compared to Rs 34,191.90 million, a year ago.
The diluted earnings per share of the company stood at Rs 16.15 in the current quarter.
J&K Bank net up 28.30% in Sep`07 qtr
Jammu & Kashmir (J&K) Bank registered 28.30% rise in net profit to Rs 1,078 million in the quarter ended September 2007 from Rs 840.20 million in the quarter ended September 2006. Interest income for the quarter rose 29.13%, to Rs 5,966.90 million from Rs 4,620.70 million for the quarter ended September 2006.
Total income also rose 30.31%, to Rs 6,547.70 million in the current quarter from Rs 5,024.60 million for the quarter ended September 2006
Thomas Cook (consolidated) net up 76% for nine-months ended Sep`07
Kanoria Chemicals net doubles for Sep`07 qtr
Kanoria Chemicals & Industries, manufacturer of chemical intermediates, recorded a phenomenal 2.27 times jump in net profit led by lower input costs and operational efficiencies. The net profit for the quarter ended September 2007 stood at Rs 109.01 million as against Rs 48.05 million in the quarter ended September 2006.Net sales for the quarter dipped 5.60% to Rs 1,035.59 million from Rs 1,096.99 million for the quarter ended September 2006
Thermax Q2 net up 97%
Thermax announced a 97.26% jump in net profit at Rs 692.00 million for the quarter ended September 2007, compared with Rs 350.80 million for the same quarter, last year. Net Sales rose 59.68% to Rs 7,701.00 million in the quarter, from Rs 4,822.90 million in the same quarter, a year ago. Total Income stood at Rs 7,809.60 million for the quarter ended September 2007, where as the same was at Rs 4,910.50 million for the same quarter last year.
Divis Labs net zooms 2.91 times for Sep`07 qtr
Divis Laboratories registered a substantial rise of 2.91 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 912.50 million from Rs 312.82 million in the same quarter of the previous year.
Total income grew 48.11% to Rs 2,440.50 million in the quarter as compared with Rs 1,647.73 million in the quarter ended Sep.30, 2006.
Unity Infraprojects net up 22% in Q2
Unity Infraprojects announced a 21.94% jump in net profit at Rs 108.36 million for the second quarter ended September 2007, compared with Rs 88.86 million for the corresponding quarter, last year. Net Sales rose 52.47% to Rs 1,529.40 million in the quarter, from Rs 1,003.11 million in the same quarter, a year ago.
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.
BHEL Q2 net profit up 91% to Rs 688 cr
Bharat Heavy Electricals (BHEL) on a standalone basis registered a stupendous growth of 91.01% in net profit to Rs 6,876.60 million for the quarter ended September 2007, as against Rs 3600.10 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 18.68% to Rs 39,653.60 million as against with Rs 33,411.50 million for the same quarter a year ago.
Total income for the quarter rose 27.20% to Rs 44,662.50 million as compared with Rs 35,110.40 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 14.05 in the quarter ended September 2007.
HDFC net up 75.63% in Sep`07 qtr
Housing Development Finance Corporation (HDFC), India`s first and largest mortgage finance company on standalone basis registered a 75.63% growth in net profit to Rs 6,463.90 million for the quarter ended September 2007, as compared with Rs 3,680.20 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 30.53% to Rs 18,886.00 million as against Rs 14,467.90 million for the same quarter a year ago.
Total income for the quarter rose 29.94% to Rs 18,925.00 million, from Rs 14,563.30 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 22.83 in the quarter ended September 2007.
Sterlite Industries (consolidated) net up 1.1% in Q2
Sterlite Industries on a consolidated basis posted a 1.1% rise in net profit of Rs 10,827.40 million for the quarter ended September 2007, as compared to Rs 10,710.00 million, for the same quarter of the previous year. Total Income rose marginally by 0.90% to Rs 68,904.20 million for the quarter ended September 2007, where as the same was at Rs 68,292.50 million for the quarter ended September 2006.
The company also said that on account of sale of power transmission line division with effect from Jul. 1, 2006, figures for current period(s) are not strictly comparable to figures for the previous period.
On a standalone basis the company posted a 55.88% rise in net profit at Rs 2128.70 million for the quarter ended September 2007, where as the same was at Rs 1365.60 million, for the same quarter last year.
Highlights of the quarterUnder international competitive bidding (ICB), the company bagged orders worth Rs 29 billion for the supply and installation of the main plant package at the upcoming Jhajjar Super Thermal Power Project in Haryana, involving three units of 500 MW each. The orders have been placed on BHEL by Aravali Power (APCPL), a joint venture company of NTPC, IPGPL and HPGCL. Significantly, this is the highest value boiler and turbine generator (BTG) package contract for a single project ever received by BHEL.Shares of the company closed up Rs 180.35, or 7.42% to settle at Rs 2612.1. The total volume of shares traded at the BSE was 405,033. (Monday).
M&M net dips 26% for Sep`07 qtr
Mahindra & Mahindra (M&M), a leading maker of utility vehicles, posted a 26.01% decline in net profit at Rs 2,859.47 million for the quarter ended September 2007 as compared to Rs 3,864.77 million for the same quarter, last year.
However, on a quarter-on-quarter basis, the company recorded a 49.57% increase in net profit compared with Rs 1,911.70 million for the previous quarter ended June 2007.
Net sales for the quarter rose 12.52% to Rs 28,023.95 million as compared with Rs 24,905.01 million for the quarter ended September 2006.
Total Income increased 12.02% to Rs 28,715.49 million for the quarter ended September 2007 from Rs 25,634.18 million for the quarter ended September 2006.
The diluted EPS, after extraordinary items, stood at Rs 10.69 for the quarter ended September 2007.
Maruti Suzuki Q2 net up 27%
Maruti Suzuki India posted a 26.96% jump in net profit at Rs 4,665.00 million for the quarter ended September 2007 as compared to Rs 3,674.40 million for the same quarter, last year.Total Income increased 33.75% to Rs 47,358.30 million for the quarter ended September 2007, from Rs 35,408.90 million for the quarter ended September 2006.
Net Sales for the quarter rose to Rs 45,473.70 million as compared to Rs 34,191.90 million, a year ago.
The diluted earnings per share of the company stood at Rs 16.15 in the current quarter.
J&K Bank net up 28.30% in Sep`07 qtr
Jammu & Kashmir (J&K) Bank registered 28.30% rise in net profit to Rs 1,078 million in the quarter ended September 2007 from Rs 840.20 million in the quarter ended September 2006. Interest income for the quarter rose 29.13%, to Rs 5,966.90 million from Rs 4,620.70 million for the quarter ended September 2006.
Total income also rose 30.31%, to Rs 6,547.70 million in the current quarter from Rs 5,024.60 million for the quarter ended September 2006
Thomas Cook (consolidated) net up 76% for nine-months ended Sep`07
Kanoria Chemicals net doubles for Sep`07 qtr
Kanoria Chemicals & Industries, manufacturer of chemical intermediates, recorded a phenomenal 2.27 times jump in net profit led by lower input costs and operational efficiencies. The net profit for the quarter ended September 2007 stood at Rs 109.01 million as against Rs 48.05 million in the quarter ended September 2006.Net sales for the quarter dipped 5.60% to Rs 1,035.59 million from Rs 1,096.99 million for the quarter ended September 2006
Thermax Q2 net up 97%
Thermax announced a 97.26% jump in net profit at Rs 692.00 million for the quarter ended September 2007, compared with Rs 350.80 million for the same quarter, last year. Net Sales rose 59.68% to Rs 7,701.00 million in the quarter, from Rs 4,822.90 million in the same quarter, a year ago. Total Income stood at Rs 7,809.60 million for the quarter ended September 2007, where as the same was at Rs 4,910.50 million for the same quarter last year.
Divis Labs net zooms 2.91 times for Sep`07 qtr
Divis Laboratories registered a substantial rise of 2.91 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 912.50 million from Rs 312.82 million in the same quarter of the previous year.
Total income grew 48.11% to Rs 2,440.50 million in the quarter as compared with Rs 1,647.73 million in the quarter ended Sep.30, 2006.
Unity Infraprojects net up 22% in Q2
Unity Infraprojects announced a 21.94% jump in net profit at Rs 108.36 million for the second quarter ended September 2007, compared with Rs 88.86 million for the corresponding quarter, last year. Net Sales rose 52.47% to Rs 1,529.40 million in the quarter, from Rs 1,003.11 million in the same quarter, a year ago.
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Labels:
HDFC,
Maruti etc,
MnM,
Results: BHEL,
Sterlite
India on Monday became the 20th nation in the world
India on Monday became the 20th nation in the world to have seen its stock market benchmark enter the league of bourses that have touched the 20,000-point milestone. The bellwether index Sensex on Monday breached the 20k level in intra-day trade for the first time in its over two-decade history.
As many as 32 indices spanning across 19 countries have already crossed this mark. After crossing the magical figure in late afternoon trade, the Sensex, however, fell to close at 19,977.67. In Asia, the bellwether index is second only to Hong Kong's Hang Seng to achieve this feat, while markets like China and Japan are yet to see any of their indices touching 20k points. Even in the West, markets like the US, UK, Canada, Germany and France have not seen their indices reaching this mark.
The countries whose stock market indices have crossed 20k level include Mexico, Brazil, Argentina, Venezeula, Peru, Costa Rica, Jamaica, Italy, Poland, Russia, Hungary, Ukraine, Turkey, South Africa, Egypt, Morocco, Nigeria and Hong Kong. Italy and Hong Kong have four indices each trading above 20k level, while South Africa and Peru have three such indices each. Mexico and Russia have two such indices each, while others have one index each to have crossed 20k level.
Argentina's Indice Bolsa General is trading above 1,28,300 points, while Jamaica's JSE Market Index is near 99,000 level. Other big indices in terms of sheer value include Egypt's Hermes Index, Russia's ASP General, Brazil's Bovesta Index, Poland's WSE WIG Index, Turkey's ISE National 100 Index and benchmark index of Nigeria stock exchange, all of which are quoted above 50k points.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
As many as 32 indices spanning across 19 countries have already crossed this mark. After crossing the magical figure in late afternoon trade, the Sensex, however, fell to close at 19,977.67. In Asia, the bellwether index is second only to Hong Kong's Hang Seng to achieve this feat, while markets like China and Japan are yet to see any of their indices touching 20k points. Even in the West, markets like the US, UK, Canada, Germany and France have not seen their indices reaching this mark.
The countries whose stock market indices have crossed 20k level include Mexico, Brazil, Argentina, Venezeula, Peru, Costa Rica, Jamaica, Italy, Poland, Russia, Hungary, Ukraine, Turkey, South Africa, Egypt, Morocco, Nigeria and Hong Kong. Italy and Hong Kong have four indices each trading above 20k level, while South Africa and Peru have three such indices each. Mexico and Russia have two such indices each, while others have one index each to have crossed 20k level.
Argentina's Indice Bolsa General is trading above 1,28,300 points, while Jamaica's JSE Market Index is near 99,000 level. Other big indices in terms of sheer value include Egypt's Hermes Index, Russia's ASP General, Brazil's Bovesta Index, Poland's WSE WIG Index, Turkey's ISE National 100 Index and benchmark index of Nigeria stock exchange, all of which are quoted above 50k points.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Gainers at 20K.....
BSE Gainers (Sensex)
Company
Current Price
Previous Close
% Change
LARSEN & TOU
4277.45
3876.80
10.33
1,114,902
HOUS DEV FIN
2813.05
2566.00
9.63
181,241
B H E L
2612.10
2431.75
7.42
405,033
O N G C
1238.60
1156.00
7.15
751,953
H D F C BANK
1638.70
1546.05
5.99
52,980
ICICI BANK
1249.40
1184.45
5.48
720,975
RELIANCE
2827.65
2692.25
5.03
1,123,664
RELIANCE ENR
1721.85
1670.00
3.10
1,436,386
NTPC LTD
233.25
228.75
1.97
2,835,204
WIPRO
509.65
499.95
1.94
362,829
----------------------------------------------------
NSE Gainers (Nifty)
Company
Current Price
Previous Close
% Change
Volume
SIEMENS
1930.70
1727.20
11.78
419,347
LARSEN & TOU
4267.75
3872.80
10.20
2,738,438
REL PET
221.80
202.25
9.67
55,196,025
HOUS DEV FIN
2813.00
2571.75
9.38
893,915
B H E L
2615.25
2431.20
7.57
1,740,893
O N G C
1235.95
1155.50
6.96
2,933,415
MTNL
192.80
180.55
6.78
7,630,877
H D F C BANK
1646.95
1546.50
6.50
292,898
S A I L
276.40
262.90
5.14
17,033,345
RELIANCE
2827.90
2698.30
4.80
4,509,529
----------------------------------------------------
GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
l i c housing finance ltd.
360.30
31.42
jindal saw ltd.
738.50
19.99
siemens ltd.
1935.40
12.17
engineers india ltd.
813.15
11.95
gujarat gas company ltd.
339.05
10.69
larsen ` toubro ltd.
4277.45
10.33
reliance petroleum ltd.
221.90
9.79
housing development finance corporation ltd.
2813.05
9.62
alfa-laval (india) ltd.
1045.30
9.29
dredging corporation of india ltd.
858.20
9.08
bombay dyeing ` manufacturing company ltd.
742.10
7.72
bharat heavy electricals ltd.
2612.10
7.41
oil ` natural gas corporation ltd.
1238.60
7.14
mahanagar telephone nigam ltd.
192.85
6.84
gujarat industries power company ltd.
113.60
6.76
punj lloyd ltd.
473.10
6.71
jindal steel ` power ltd
8884.80
5.99
HDFC Bank Ltd.
1638.70
5.99
maharashtra seamless ltd.
535.60
5.91
thermax ltd.
918.30
5.76
chennai petroleum corporation ltd.
316.20
5.75
tamil nadu newsprint and papers ltd.
105.00
5.63
icici bank ltd.
1249.40
5.48
pidilite industries ltd.
200.50
5.41
steel authority of india (sail) ltd.
276.55
5.21
reliance industries ltd.
2827.65
5.02
gujarat mineral development corporation ltd
2479.85
4.99
sobha developers ltd.
975.60
4.95
finolex cables ltd.
84.85
4.94
mangalore refinery and petrochemicals ltd.
63.70
4.94
bharat forge ltd.
351.15
4.33
tata power company ltd.
1182.65
4.24
national aluminium company ltd.
325.15
4.18
national fertilisers ltd.
43.90
4.15
titan industries ltd.
1755.50
4.14
jaiprakash associates ltd.
1404.90
3.84
pfizer ltd.
693.15
3.64
videsh sanchar nigam ltd.
587.50
3.44
bongaigaon refinery ` petrochemicals ltd.
63.90
3.31
ispat industries ltd
28.20
3.10
reliance energy ltd.
1721.85
3.10
-----------------------------------------------------------------------
GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
m r f ltd.
6748.65
19.99
texmaco ltd.
1383.05
19.99
bosch chassis systems india ltd.
422.25
19.99
g i c housing finance ltd.
64.70
19.92
gallantt metal ltd.
23.85
19.84
dewan housing finance corporation ltd.
103.45
19.04
psl ltd.
451.90
17.95
l g balakrishnan ` bros ltd.
27.90
16.25
can fin homes ltd.
71.00
16.10
shaw wallace ` company ltd.
362.35
9.02
sil investments ltd.
113.50
8.87
nucleus software exports ltd.
301.35
8.61
bajaj hindustan ltd.
205.35
8.39
indo tech transformers ltd.
591.55
8.27
jagran prakashan ltd.
660.40
8.16
garware-wall ropes ltd.
181.00
7.93
ttk prestige ltd.
135.00
7.91
everest kanto cylinder ltd.
249.05
7.83
shrenuj ` company ltd.
50.20
7.60
gruh finance ltd.
181.50
7.58
honda siel power products ltd.
282.70
7.55
indiabulls financial services ltd.
649.65
7.49
r systems international ltd.
87.65
7.34
electrosteel castings ltd.
64.65
7.30
alstom ltd.
2239.65
7.23
shoppers stop ltd.
514.25
7.13
sakthi sugars ltd.
78.20
7.12
lakshmi electrical control systems ltd.
360.75
7.07
hindustan construction company ltd.
214.80
6.99
-----------------------------------------------------------------
bayer diagnostics india ltd.
925.50
13.36
ashapura minechem ltd.
321.85
13.18
suashish diamonds ltd.
206.45
11.86
gujarat nre coke ltd.
124.30
11.52
shanthi gears ltd.
80.15
11.24
reliance natural resources ltd.
109.90
10.67
mangalore chemicals ` fertilizers ltd.
40.85
10.55
infomedia india ltd.
243.10
10.00
cinevistaas ltd.
69.85
9.99
zandu pharmaceutical works ltd.
6386.95
9.99
eimco elecon (india) ltd.
484.70
9.99
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com 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.
Company
Current Price
Previous Close
% Change
LARSEN & TOU
4277.45
3876.80
10.33
1,114,902
HOUS DEV FIN
2813.05
2566.00
9.63
181,241
B H E L
2612.10
2431.75
7.42
405,033
O N G C
1238.60
1156.00
7.15
751,953
H D F C BANK
1638.70
1546.05
5.99
52,980
ICICI BANK
1249.40
1184.45
5.48
720,975
RELIANCE
2827.65
2692.25
5.03
1,123,664
RELIANCE ENR
1721.85
1670.00
3.10
1,436,386
NTPC LTD
233.25
228.75
1.97
2,835,204
WIPRO
509.65
499.95
1.94
362,829
----------------------------------------------------
NSE Gainers (Nifty)
Company
Current Price
Previous Close
% Change
Volume
SIEMENS
1930.70
1727.20
11.78
419,347
LARSEN & TOU
4267.75
3872.80
10.20
2,738,438
REL PET
221.80
202.25
9.67
55,196,025
HOUS DEV FIN
2813.00
2571.75
9.38
893,915
B H E L
2615.25
2431.20
7.57
1,740,893
O N G C
1235.95
1155.50
6.96
2,933,415
MTNL
192.80
180.55
6.78
7,630,877
H D F C BANK
1646.95
1546.50
6.50
292,898
S A I L
276.40
262.90
5.14
17,033,345
RELIANCE
2827.90
2698.30
4.80
4,509,529
----------------------------------------------------
GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
l i c housing finance ltd.
360.30
31.42
jindal saw ltd.
738.50
19.99
siemens ltd.
1935.40
12.17
engineers india ltd.
813.15
11.95
gujarat gas company ltd.
339.05
10.69
larsen ` toubro ltd.
4277.45
10.33
reliance petroleum ltd.
221.90
9.79
housing development finance corporation ltd.
2813.05
9.62
alfa-laval (india) ltd.
1045.30
9.29
dredging corporation of india ltd.
858.20
9.08
bombay dyeing ` manufacturing company ltd.
742.10
7.72
bharat heavy electricals ltd.
2612.10
7.41
oil ` natural gas corporation ltd.
1238.60
7.14
mahanagar telephone nigam ltd.
192.85
6.84
gujarat industries power company ltd.
113.60
6.76
punj lloyd ltd.
473.10
6.71
jindal steel ` power ltd
8884.80
5.99
HDFC Bank Ltd.
1638.70
5.99
maharashtra seamless ltd.
535.60
5.91
thermax ltd.
918.30
5.76
chennai petroleum corporation ltd.
316.20
5.75
tamil nadu newsprint and papers ltd.
105.00
5.63
icici bank ltd.
1249.40
5.48
pidilite industries ltd.
200.50
5.41
steel authority of india (sail) ltd.
276.55
5.21
reliance industries ltd.
2827.65
5.02
gujarat mineral development corporation ltd
2479.85
4.99
sobha developers ltd.
975.60
4.95
finolex cables ltd.
84.85
4.94
mangalore refinery and petrochemicals ltd.
63.70
4.94
bharat forge ltd.
351.15
4.33
tata power company ltd.
1182.65
4.24
national aluminium company ltd.
325.15
4.18
national fertilisers ltd.
43.90
4.15
titan industries ltd.
1755.50
4.14
jaiprakash associates ltd.
1404.90
3.84
pfizer ltd.
693.15
3.64
videsh sanchar nigam ltd.
587.50
3.44
bongaigaon refinery ` petrochemicals ltd.
63.90
3.31
ispat industries ltd
28.20
3.10
reliance energy ltd.
1721.85
3.10
-----------------------------------------------------------------------
GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
m r f ltd.
6748.65
19.99
texmaco ltd.
1383.05
19.99
bosch chassis systems india ltd.
422.25
19.99
g i c housing finance ltd.
64.70
19.92
gallantt metal ltd.
23.85
19.84
dewan housing finance corporation ltd.
103.45
19.04
psl ltd.
451.90
17.95
l g balakrishnan ` bros ltd.
27.90
16.25
can fin homes ltd.
71.00
16.10
shaw wallace ` company ltd.
362.35
9.02
sil investments ltd.
113.50
8.87
nucleus software exports ltd.
301.35
8.61
bajaj hindustan ltd.
205.35
8.39
indo tech transformers ltd.
591.55
8.27
jagran prakashan ltd.
660.40
8.16
garware-wall ropes ltd.
181.00
7.93
ttk prestige ltd.
135.00
7.91
everest kanto cylinder ltd.
249.05
7.83
shrenuj ` company ltd.
50.20
7.60
gruh finance ltd.
181.50
7.58
honda siel power products ltd.
282.70
7.55
indiabulls financial services ltd.
649.65
7.49
r systems international ltd.
87.65
7.34
electrosteel castings ltd.
64.65
7.30
alstom ltd.
2239.65
7.23
shoppers stop ltd.
514.25
7.13
sakthi sugars ltd.
78.20
7.12
lakshmi electrical control systems ltd.
360.75
7.07
hindustan construction company ltd.
214.80
6.99
-----------------------------------------------------------------
bayer diagnostics india ltd.
925.50
13.36
ashapura minechem ltd.
321.85
13.18
suashish diamonds ltd.
206.45
11.86
gujarat nre coke ltd.
124.30
11.52
shanthi gears ltd.
80.15
11.24
reliance natural resources ltd.
109.90
10.67
mangalore chemicals ` fertilizers ltd.
40.85
10.55
infomedia india ltd.
243.10
10.00
cinevistaas ltd.
69.85
9.99
zandu pharmaceutical works ltd.
6386.95
9.99
eimco elecon (india) ltd.
484.70
9.99
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com 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.
20K......20K......20K..........
Sensex hits a new high past 20k, ends 735 pts up
Current Change
Strong global markets, impressive results from some top notch companies and expectations of a cut in bank rates triggered a massive rally on the major Indian bourses today. As stocks cutting across sectors surged higher on sustained buying support, the benchmark BSE index Sensex created yet another record when it vaulted past the 20,000 mark for the first ever time in history.
The benchmark, which needed no more than five sessions to vault from 18,000 to 19,000 took a comparatively longer period for its next 1,000 points jump. However, considering the fact that it had plunged to as low as 17,171.45 on 22 October 2007, a week after scaling the 19k peak, its feat is simply incredible, to say the least. From that low on 22 October 2007, the Sensex has spurted over 2800 points in a short span of six sessions.
The market regulator's restrictions on investments through Participatory Notes notwithstanding, stock prices have been moving up quite sharply over the past few sessions.
After opening on a buoyant note at 19,621.39, a positive gap of over 375 points, the Sensex sailed past 19,900 around noon thanks to strong buying in capital goods, oil, bank and telecom stocks. Auto and information technology stocks joined the rally a little later. Hectic buying was seen in several midcap and smallcap stocks as well.
Though the barometer remained a bit listless as it neared the magical figure of 20,000, it finally crossed that milestone during the fag end of the session today. While the Sensex closed with a whopping gain of 734.50 points or 3.82% at 19,977.67, around 47 points down from its new all-time high of 20,024.87, the broader 50 stock Nifty index of the National Stock Exchange, which hit a new high at 5922.50, settled at 5905.90 with a gain of 3.57% or 203.60 points.
Mirroring the sharp surge in prices of key capital goods stocks, the BSE CG index moved up by as much as 7.05% today. The Oil & Gas index gained a little over 5%. The Bankex ended stronger by 3.66% while the PSU index, which consists of several bank stocks, closed with a gain of 3.44%.
The Consumer Durables, Metal, Realty, FMCG and Healthcare indices ended higher by 1% - 3%. The IT, Teck and Auto indices surged 0.84%, 0.88% and 0.7% respectively.
Excellent results and huge expansion plans of the company kept the Larsen & Toubro stock high up in the positive territory right through the session today. The stock, which raced to a new all-time high of Rs 4300, ended at Rs 4277.45 with a hefty gain of 10.35%. BHEL (7.45%) too had a highly profitable outing.
Housing finance major HDFC gained 9.65%. ONGC (7.15%), HDFC Bank (6%), ICICI Bank (5.5%) and Reliance Industries (5.05%) also contributed significantly to the gains of the benchmark indices today.
Reliance Energy moved up by around 3.1%. NTPC, Wipro, Satyam Computer Services, State Bank of India, Reliance Communications and Hindustan Unilever gained 1% - 2%. ITC, Grasim Industries, Infosys Technologies and Maruti Suzuki ended with modest gains. Hindalco and ACC finished with small gains.
Ambuja Cements, Bharti Airtel, Dr. Reddy's Laboratories, Cipla and Tata Consultancy Services settled around their previous closing levels. Bajaj Auto, Mahindra & Mahindra, Ranbaxy Laboratories and Tata Motors eased by 0.4% - 0.7%. Tata Steel, traded on ex-rights basis, ended at Rs 900.90.
Siemens (up 11.8% to Rs 1930.70) was the biggest gainer in the Nifty index. Reliance Petroleum vaulted 9.7% to Rs 221.80. MTNL, SAIL, Unitech, Tata Power, VSNL, Punjab National Bank, Suzlon Energy, ABB, GAIL India, Nalco, GlaxoSmithKline Pharma and Sun Pharmaceuticals closed with strong gains. Zee Entertainment, HCL Technologies and Hero Honda also posted notable gains.
LIC Housing Finance skyrocketed nearly 31.5% to Rs 360.30 today. Jindal Saw hit the 20% upper limit. Engineers India, Gujarat Gas, Alfa Laval, Dredging Corporation, Bombay Dyeing, Gujarat Industries & Power, Punjab Lloyd, Jindal Steel and Maharashtra Seamless closed on a high note.
MRF, Texmaco, Bosch Chasis Systems, GIC Housing, Dewan Housing, PSL, LGB Brothers, Canfin Homes, Ashapura Minechemicals, Suashis Diamonds, Gujarat NRE Coke, Shanthi Gears and Reliance Natural Resources ended with huge gains.
Sensex retreats a bit; MRF, Texmaco soar @ 13:03 hrs
Notwithstanding a few wild swings in prices of a few front line stocks, the benchmark indices Sensex and the Nifty remain high up in the positive territory this afternoon.
While the Sensex, which is on the verge of scaling the 19,000 mark, is up with a gain of 650.21 points or 3.38% at 19,893.38, the Nifty, which crossed the 5900 mark and hit a high of 5913.75 earlier in the day, has recorded a gain of 3.21% or 183 points at 5885.30 at present.
Capital goods stocks remain the favourites of investors today. Mirroring the sharp surge in prices of a host of stocks in the capital goods space, the BSE CG has vaulted as much as 7.25% now.
Oil, PSU, bank, auto, realty and telecom stocks have also posted strong gains. Buying remains a bit selective in consumer durables and pharma sectors. IT stocks, despite opening on a firm note, have turned subdued due to a surging rupee.
Midcap stock MRF remains firmly locked at the 20% upper circuit at Rs 6748.6. Texmaco has jumped 18.5% to Rs 1365. Ashapura Minechemicals has gained a little over 15% at Rs 327.30.
Engineers India, extending last week's smart rise, has gained 12.5% today. Jindal Saw, Alfa Laval, Dredging Corporation, Gujarat NRE Coke, Shopper's Stop, LIC Housing Finance, Bharat Bijlee and Bombay Dyeing have gained 8% - 12%.
Monsanto, Everest Kanto Cylinder, Jagran Prakashan, Nagarjuna Construction Company, Finolex Cables, Shriram Transports, ABG Shipyard and Allcargo Global are among the other big gainers in the midcap index.
Among smallcap stocks, Nesco, Bosch Chasis Systems, LGB Brothers, Mather Pumps, Techno Electrical Engineering, Shanthi Gears, Suashish Diamonds, Mukta Arts, Valecha Engineering, Kanoria Chemicals, Viceroy Hotels, Dewan Housing, Info Media, Zandu Pharmaceuticals, Hercules Hoist, Numeric Power Systems, Indo Tech Transformers and Disa India are among the big gainers today
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com and www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Current Change
Strong global markets, impressive results from some top notch companies and expectations of a cut in bank rates triggered a massive rally on the major Indian bourses today. As stocks cutting across sectors surged higher on sustained buying support, the benchmark BSE index Sensex created yet another record when it vaulted past the 20,000 mark for the first ever time in history.
The benchmark, which needed no more than five sessions to vault from 18,000 to 19,000 took a comparatively longer period for its next 1,000 points jump. However, considering the fact that it had plunged to as low as 17,171.45 on 22 October 2007, a week after scaling the 19k peak, its feat is simply incredible, to say the least. From that low on 22 October 2007, the Sensex has spurted over 2800 points in a short span of six sessions.
The market regulator's restrictions on investments through Participatory Notes notwithstanding, stock prices have been moving up quite sharply over the past few sessions.
After opening on a buoyant note at 19,621.39, a positive gap of over 375 points, the Sensex sailed past 19,900 around noon thanks to strong buying in capital goods, oil, bank and telecom stocks. Auto and information technology stocks joined the rally a little later. Hectic buying was seen in several midcap and smallcap stocks as well.
Though the barometer remained a bit listless as it neared the magical figure of 20,000, it finally crossed that milestone during the fag end of the session today. While the Sensex closed with a whopping gain of 734.50 points or 3.82% at 19,977.67, around 47 points down from its new all-time high of 20,024.87, the broader 50 stock Nifty index of the National Stock Exchange, which hit a new high at 5922.50, settled at 5905.90 with a gain of 3.57% or 203.60 points.
Mirroring the sharp surge in prices of key capital goods stocks, the BSE CG index moved up by as much as 7.05% today. The Oil & Gas index gained a little over 5%. The Bankex ended stronger by 3.66% while the PSU index, which consists of several bank stocks, closed with a gain of 3.44%.
The Consumer Durables, Metal, Realty, FMCG and Healthcare indices ended higher by 1% - 3%. The IT, Teck and Auto indices surged 0.84%, 0.88% and 0.7% respectively.
Excellent results and huge expansion plans of the company kept the Larsen & Toubro stock high up in the positive territory right through the session today. The stock, which raced to a new all-time high of Rs 4300, ended at Rs 4277.45 with a hefty gain of 10.35%. BHEL (7.45%) too had a highly profitable outing.
Housing finance major HDFC gained 9.65%. ONGC (7.15%), HDFC Bank (6%), ICICI Bank (5.5%) and Reliance Industries (5.05%) also contributed significantly to the gains of the benchmark indices today.
Reliance Energy moved up by around 3.1%. NTPC, Wipro, Satyam Computer Services, State Bank of India, Reliance Communications and Hindustan Unilever gained 1% - 2%. ITC, Grasim Industries, Infosys Technologies and Maruti Suzuki ended with modest gains. Hindalco and ACC finished with small gains.
Ambuja Cements, Bharti Airtel, Dr. Reddy's Laboratories, Cipla and Tata Consultancy Services settled around their previous closing levels. Bajaj Auto, Mahindra & Mahindra, Ranbaxy Laboratories and Tata Motors eased by 0.4% - 0.7%. Tata Steel, traded on ex-rights basis, ended at Rs 900.90.
Siemens (up 11.8% to Rs 1930.70) was the biggest gainer in the Nifty index. Reliance Petroleum vaulted 9.7% to Rs 221.80. MTNL, SAIL, Unitech, Tata Power, VSNL, Punjab National Bank, Suzlon Energy, ABB, GAIL India, Nalco, GlaxoSmithKline Pharma and Sun Pharmaceuticals closed with strong gains. Zee Entertainment, HCL Technologies and Hero Honda also posted notable gains.
LIC Housing Finance skyrocketed nearly 31.5% to Rs 360.30 today. Jindal Saw hit the 20% upper limit. Engineers India, Gujarat Gas, Alfa Laval, Dredging Corporation, Bombay Dyeing, Gujarat Industries & Power, Punjab Lloyd, Jindal Steel and Maharashtra Seamless closed on a high note.
MRF, Texmaco, Bosch Chasis Systems, GIC Housing, Dewan Housing, PSL, LGB Brothers, Canfin Homes, Ashapura Minechemicals, Suashis Diamonds, Gujarat NRE Coke, Shanthi Gears and Reliance Natural Resources ended with huge gains.
Sensex retreats a bit; MRF, Texmaco soar @ 13:03 hrs
Notwithstanding a few wild swings in prices of a few front line stocks, the benchmark indices Sensex and the Nifty remain high up in the positive territory this afternoon.
While the Sensex, which is on the verge of scaling the 19,000 mark, is up with a gain of 650.21 points or 3.38% at 19,893.38, the Nifty, which crossed the 5900 mark and hit a high of 5913.75 earlier in the day, has recorded a gain of 3.21% or 183 points at 5885.30 at present.
Capital goods stocks remain the favourites of investors today. Mirroring the sharp surge in prices of a host of stocks in the capital goods space, the BSE CG has vaulted as much as 7.25% now.
Oil, PSU, bank, auto, realty and telecom stocks have also posted strong gains. Buying remains a bit selective in consumer durables and pharma sectors. IT stocks, despite opening on a firm note, have turned subdued due to a surging rupee.
Midcap stock MRF remains firmly locked at the 20% upper circuit at Rs 6748.6. Texmaco has jumped 18.5% to Rs 1365. Ashapura Minechemicals has gained a little over 15% at Rs 327.30.
Engineers India, extending last week's smart rise, has gained 12.5% today. Jindal Saw, Alfa Laval, Dredging Corporation, Gujarat NRE Coke, Shopper's Stop, LIC Housing Finance, Bharat Bijlee and Bombay Dyeing have gained 8% - 12%.
Monsanto, Everest Kanto Cylinder, Jagran Prakashan, Nagarjuna Construction Company, Finolex Cables, Shriram Transports, ABG Shipyard and Allcargo Global are among the other big gainers in the midcap index.
Among smallcap stocks, Nesco, Bosch Chasis Systems, LGB Brothers, Mather Pumps, Techno Electrical Engineering, Shanthi Gears, Suashish Diamonds, Mukta Arts, Valecha Engineering, Kanoria Chemicals, Viceroy Hotels, Dewan Housing, Info Media, Zandu Pharmaceuticals, Hercules Hoist, Numeric Power Systems, Indo Tech Transformers and Disa India are among the big gainers today
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.sify.com and www.myiris.com www.theeconomictimes.com allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
20K......20K......20K..........
Day's Quote/Corporate Story
Quote of the Day
" Do not settle for what you know, but rather strive for the unknown."
Corporate/Personality of the Day
Gurbaksh Chahal
Gurbaksh Chahal (born July 17, 1982) is the founder of several advertising companies.
Chahal was born in the town of Tarn Taran, near Amritsar in Punjab, India to Avtar and Arjinder Chahal. In 1985, his parents received a visa for America through a lottery-based system in India. He immigrated to the United States at the age of 4 with his family and settled in San Jose, California. Gurbaksh is the youngest of four siblings.[citation needed]
On December 15, 1998, at the age of 16, started his first venture ClickAgents. ClickAgents was an advertising network focused on performance-based advertising. Two years later, on November 1st 2000, ValueClick announced it agreed to buy ClickAgents in a $40 million all-stock merger. [1] Chahal had a three year non-compete agreement with ValueClick.
In January 12, 2004, Chahal formed BlueLithium another advertising network which was recognized as an innovator in the online advertising space in a Business 2.0 article. [2].
In 2006, under Chahal's leadership, BlueLithium was named Top Innovator by AlwaysOn. [3]
On October 15th, 2007 Yahoo! bought BlueLithium for $300 million in cash. Chahal remains CEO of the company through the transition period. [4] He has now created companies worth over $340 million by the age of 25. Chahal currently resides in the Bay Area.
For more, Visit: http://en.wikipedia.org/wiki/Gurbaksh_Chahal
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.
" Do not settle for what you know, but rather strive for the unknown."
Corporate/Personality of the Day
Gurbaksh Chahal
Gurbaksh Chahal (born July 17, 1982) is the founder of several advertising companies.
Chahal was born in the town of Tarn Taran, near Amritsar in Punjab, India to Avtar and Arjinder Chahal. In 1985, his parents received a visa for America through a lottery-based system in India. He immigrated to the United States at the age of 4 with his family and settled in San Jose, California. Gurbaksh is the youngest of four siblings.[citation needed]
On December 15, 1998, at the age of 16, started his first venture ClickAgents. ClickAgents was an advertising network focused on performance-based advertising. Two years later, on November 1st 2000, ValueClick announced it agreed to buy ClickAgents in a $40 million all-stock merger. [1] Chahal had a three year non-compete agreement with ValueClick.
In January 12, 2004, Chahal formed BlueLithium another advertising network which was recognized as an innovator in the online advertising space in a Business 2.0 article. [2].
In 2006, under Chahal's leadership, BlueLithium was named Top Innovator by AlwaysOn. [3]
On October 15th, 2007 Yahoo! bought BlueLithium for $300 million in cash. Chahal remains CEO of the company through the transition period. [4] He has now created companies worth over $340 million by the age of 25. Chahal currently resides in the Bay Area.
For more, Visit: http://en.wikipedia.org/wiki/Gurbaksh_Chahal
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.
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