Economic Times
Bonus issues and stock splits
Indian to be Citigroup CEO?
Top 10 Indian firms' R&D expense 1/10th of top global investor
Three Indians among Europe's 100 power-women bankers
RIL sets sights on auto furnishings
PSU banks on hunt for over 10,000 employees
ETA Engineering plans to invest Rs 100 cr
Ess Dee Aluminium to pump in Rs 600 cr in acquisitions
1.62 lakh vacancies in Railways: Velu
State employment exchanges to be accessible online: Fernandes
Lack of skilled manpower impedes progress of animation, gaming
Omaxe forays into South India; to invest Rs 500 cr in AP
Essar Telecom Retail targeting Rs 4,000-cr turnover
Indian consumer to spend Rs 200 a day by 2025: Study
Clearwater to invest Rs 480 cr in 4 PE deals in next 3 months
PSUs outperform private firms in creating wealth at market
Vakrangee inks deal with Eastman Kodak, to invest 200 cr
Berkshire Hathaway profit up 64% on investments
Market mayhem: Tips for investors
Diwali and market sentiments
Diwali dhamaka on the bourses
HNIs bail out MFs with foreign investment plans
MFs become richer; asset size crosses Rs 5-trillion mark
BSLIEF registers Rs 13 crore collections
What's hot, what's not
Stocks to buy; REL, TCS, UCO Bank
Eight Indian companies to invest in Hong Kong next year
----------------------------------------
BusinessLine
Parsvnath Developers: Buy
Kinetic hopes to ride high with Flyte
Taxation of retirement proceeds
Trader's Corner
Fund Talk
Nifty may be stuck in narrow range
ICICI Prudential Infrastructure Fund — Positive on ...
Jubilant Organosys: Buy -
Bharti Airtel Tata Steel
Sanghvi Movers: Buy
Time to forage among under-performers
Mundra Port and SEZ: Invest at cut-off
Query Corner
TV Today: Buy
Tata Equity P/E: Hold
Investment Nuggets
Index Outlook
HDFC Top 200: Invest
-------------------------------------------------
MyIris.Com
Brokers` Outlook:Market to open positive on Monday
Technical analysis
Adhunik Metaliks net rises marginally in Q2
Kirkoskar Oil sets up plant in Silvassa
Nalanda Capital invests USD 35 mn in Vaibhav Gems
Airtel slashes tariff rates for life time customers
Weekly Wrap up: Sensex rises 733 pts
Nitin Fire`s consolidated net jumps 2.18 times in Q2
Adhunik Metaliks net rises marginally in Q2
---------------------
Other Sources :
Prime Securities Buy Back Offer Price fixed
Reliance Communications enters DTH Service through Reliance Big TV
State Trading Corporation Bonus Issue Details
Edelweiss Capital Limited IPO : Edelweiss IPO opens on 15 Nov
India Glycols forms 100% Subsidiary at Singapore
Wall Street Finance opens 39th Branch at Andheri
Empee Distilleries Ltd IPO fails to evoke good response from investor
Mundra Port and Special Economic Zone Limited IPO receives 4.67 times subscription
Religare Enterprises Limited IPO receives 160.56 times subscription
Barak Valley Cements IPO receives 29.15 times subscription
Megasoft and IOL Broadband to list in NSE
This blog is for providing daily news of Corporate Indian Stories, Corporate Results, Equities, MFs, Banking,Insurance, Brokerages Informations, World Business, Venture Capital, Angel Investors, BSchools, MBAs,Jobs, Politics & something Interesting.Our team will be grateful to the owners of various Indian/world/govt sites to refer their sites to get INFORMATION without objection.Request viewers to make verification about the information. Blog is not responsible for any faulty information.
04 November 2007
Results Updates
Nitin Fire`s consolidated net jumps 2.18 times in Q2
Nitin Fire Protection Industries (NFPIL) reported 2.18 times increase in its consolidated net profit to Rs 59.23 million for the quarter ended Sep. 30, 2007 as compared with Rs 27.18 million in the same quarter, previous year.
The total consolidated income grew 31% to Rs 357.59 million during the current quarter as against Rs 273.81 million in the corresponding quarter, a year ago.
The earning per share (EPS) for the latest quarter stood at Rs 5.14 as compared with Rs 1.75 for the same quarter, last year.
Lanco Global net jumps 4.29 times for Sep`07 qtr
Hyderabad-based global IT service provider Lanco Global (Q, N,C,F)* Systems reported 4.29 times rise in net profit to Rs 42.44 million for the quarter ended September 2007 as against Rs 9.89 million in the corresponding quarter, last year.
Net sales of the company jumped 5 times to Rs 263.30 million as against Rs 52.93 million in the same period, last year.
The diluted EPS, after extraordinary items, stood at Rs 1.67 for the September 2007 quarter
Bayer CropScience net up 8.20% for Sep`07 qtr
Bayer CropScience reported 8.20% rise in net profit to Rs 330.90 million for the quarter ended September 2007 as against Rs 305.80 million in the corresponding quarter, last year. The net sales of the company rose 40.65% to Rs 3,680.10 million as against Rs 2,616.40 million in the same period, last year. The total income also rose 38.95% to Rs 3,729.90 million in the current quarter as compared with Rs 2,684.30 million in the same quarter, last year.
Bilcare net up 38.24% for Sep`07 qtr
Pune-based pharmaceutical packaging materials manufacturer Bilcare reported 38.24% rise in net profit to Rs 163.40 million for the quarter ended September 2007 as against Rs 118.20 million in the corresponding quarter, last year.
Net sales of the company witnessed 25.56% rise to Rs 979.50 million as against Rs 780.1 million in the same period, last year.
The total income also increased 30.22% to Rs 1,022.80 million as compared with Rs 785.40 million in the same quarter, last year.
Asian Hotels net up 25.47% in Sep`07 qtr
Asian Hotels, reported a 25.47% rise in net profit to Rs 179.30 million, for the quarter ended September 2007, as against Rs 142.90 million in the corresponding quarter, last year.
The net sales of the company witnessed 27.70% rise to Rs 1,055.60 million as against Rs.826.60 million in the same period, last year.
Lanco Industries net up 2.4% in Q2
Lanco Industries posted a 2.39% rise in net profit at Rs 46.19 million for the quarter ended September 2007 as compared with Rs 45.11 million for the same quarter ended during the last year. Net sales increased 4.02% to Rs 959.39 million for the quarter ended September 2007 from Rs 922.29 million for the same quarter ended during the last year.
Punj Lloyd net up 39.86 times in Sep`07 qtr
Punj Lloyd (PLL), India`s second largest engineering and construction company and a global EPC services provider in energy and infrastructure domains, has recorded spectacular performance with consolidated income of Rs 33,426.6 million for the first half of the FY `08; an increase of 65.27% as compared to Rs 20,225.5 million in the corresponding period, last year. On a consolidated basis, EBITDA for H1FY`08 improved to Rs 3,411.7 million; an increase of 2.22 times as compared to Rs 1,534.1 million in the corresponding previous period. Net profit for the six month period ended September 2007 was at Rs 1,489.1 million as against Rs 598.3 million in H1FY`07. The basic earnings per share (EPS) for H1FY2008 stood at Rs 5.56.Consolidated revenues for the Q2FY08 stood at Rs 19,247.1 million. Consolidated EBIDTA for Q2FY08 was at Rs 1,967.6 million. Operating margins for Q2FY08 stood at 10.22%. The share of revenue from international operations during the quarter constituted 66% of the consolidated revenue. Order Inflow during the quarter at Rs 24,550 million signifies the company`s sustained leadership position in the industry.Consolidated net profit at Rs 894.4 million for the quarter ended Sep. 30, 2007 registered a robust growth of 166.59% over the corresponding quarter of the previous year. Continued improvement in operational efficiencies and a judicious selection of orders with improved margins have enabled it to register an increase in the operating margins by 48.41% from 6.90% in Q2FY07 to 10.24% in Q2FY08.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Nitin Fire Protection Industries (NFPIL) reported 2.18 times increase in its consolidated net profit to Rs 59.23 million for the quarter ended Sep. 30, 2007 as compared with Rs 27.18 million in the same quarter, previous year.
The total consolidated income grew 31% to Rs 357.59 million during the current quarter as against Rs 273.81 million in the corresponding quarter, a year ago.
The earning per share (EPS) for the latest quarter stood at Rs 5.14 as compared with Rs 1.75 for the same quarter, last year.
Lanco Global net jumps 4.29 times for Sep`07 qtr
Hyderabad-based global IT service provider Lanco Global (Q, N,C,F)* Systems reported 4.29 times rise in net profit to Rs 42.44 million for the quarter ended September 2007 as against Rs 9.89 million in the corresponding quarter, last year.
Net sales of the company jumped 5 times to Rs 263.30 million as against Rs 52.93 million in the same period, last year.
The diluted EPS, after extraordinary items, stood at Rs 1.67 for the September 2007 quarter
Bayer CropScience net up 8.20% for Sep`07 qtr
Bayer CropScience reported 8.20% rise in net profit to Rs 330.90 million for the quarter ended September 2007 as against Rs 305.80 million in the corresponding quarter, last year. The net sales of the company rose 40.65% to Rs 3,680.10 million as against Rs 2,616.40 million in the same period, last year. The total income also rose 38.95% to Rs 3,729.90 million in the current quarter as compared with Rs 2,684.30 million in the same quarter, last year.
Bilcare net up 38.24% for Sep`07 qtr
Pune-based pharmaceutical packaging materials manufacturer Bilcare reported 38.24% rise in net profit to Rs 163.40 million for the quarter ended September 2007 as against Rs 118.20 million in the corresponding quarter, last year.
Net sales of the company witnessed 25.56% rise to Rs 979.50 million as against Rs 780.1 million in the same period, last year.
The total income also increased 30.22% to Rs 1,022.80 million as compared with Rs 785.40 million in the same quarter, last year.
Asian Hotels net up 25.47% in Sep`07 qtr
Asian Hotels, reported a 25.47% rise in net profit to Rs 179.30 million, for the quarter ended September 2007, as against Rs 142.90 million in the corresponding quarter, last year.
The net sales of the company witnessed 27.70% rise to Rs 1,055.60 million as against Rs.826.60 million in the same period, last year.
Lanco Industries net up 2.4% in Q2
Lanco Industries posted a 2.39% rise in net profit at Rs 46.19 million for the quarter ended September 2007 as compared with Rs 45.11 million for the same quarter ended during the last year. Net sales increased 4.02% to Rs 959.39 million for the quarter ended September 2007 from Rs 922.29 million for the same quarter ended during the last year.
Punj Lloyd net up 39.86 times in Sep`07 qtr
Punj Lloyd (PLL), India`s second largest engineering and construction company and a global EPC services provider in energy and infrastructure domains, has recorded spectacular performance with consolidated income of Rs 33,426.6 million for the first half of the FY `08; an increase of 65.27% as compared to Rs 20,225.5 million in the corresponding period, last year. On a consolidated basis, EBITDA for H1FY`08 improved to Rs 3,411.7 million; an increase of 2.22 times as compared to Rs 1,534.1 million in the corresponding previous period. Net profit for the six month period ended September 2007 was at Rs 1,489.1 million as against Rs 598.3 million in H1FY`07. The basic earnings per share (EPS) for H1FY2008 stood at Rs 5.56.Consolidated revenues for the Q2FY08 stood at Rs 19,247.1 million. Consolidated EBIDTA for Q2FY08 was at Rs 1,967.6 million. Operating margins for Q2FY08 stood at 10.22%. The share of revenue from international operations during the quarter constituted 66% of the consolidated revenue. Order Inflow during the quarter at Rs 24,550 million signifies the company`s sustained leadership position in the industry.Consolidated net profit at Rs 894.4 million for the quarter ended Sep. 30, 2007 registered a robust growth of 166.59% over the corresponding quarter of the previous year. Continued improvement in operational efficiencies and a judicious selection of orders with improved margins have enabled it to register an increase in the operating margins by 48.41% from 6.90% in Q2FY07 to 10.24% in Q2FY08.
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.myiris.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Gainers of the Week
Some Gainers of the Week :
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
National Fertili
A
42.15
66.80
+ 58.48
+
Jindal St & Pwr
A
8,382.30
12,661.40
+ 51.05
+
Mangalore Refine
A
60.70
82.10
+ 35.26
+
Reliance Petroleum
A
202.10
269.40
+ 33.30
+
Jindal Saw
A
615.45
816.70
+ 32.70
+
LIC Housing Fi
A
274.15
354.95
+ 29.47
+
Engineers India
A
726.35
904.10
+ 24.47
+
Bank of India
A
307.40
377.95
+ 22.95
+
Dena Bank
A
59.30
72.50
+ 22.26
+
Dredging Corpora
A
786.70
959.05
+ 21.91
+
Fertilisers & Ch
A
23.60
28.55
+ 20.97
+
ONGC
A
1,156.00
1,366.10
+ 18.17
+
Bank of Baroda
A
320.50
372.85
+ 16.33
+
Union Bank of In
A
162.05
187.85
+ 15.92
+
Exide Inds.
A
63.80
73.75
+ 15.60
+
GMR Infrastructure L
A
158.60
182.90
+ 15.32
+
L & T
A
3,876.80
4,461.05
+ 15.07
+
ING Vysya Bank
A
269.60
309.75
+ 14.89
+
Nestle India
A
1,331.95
1,530.05
+ 14.87
+
Bongaigaon Refin
A
61.85
70.85
+ 14.55
+
Tata Power Co.
A
1,134.45
1,297.05
+ 14.33
+
Century Enka
A
144.35
164.25
+ 13.79
+
HDFC Bank
A
1,546.05
1,758.75
+ 13.76
+
MICO
A
4,280.35
4,850.10
+ 13.31
+
Ramco Systems Lt
A
155.10
175.70
+ 13.28
+
Indian Bank
A
144.50
163.15
+ 12.91
+
Punj Lloyd
A
443.35
498.40
+ 12.42
+
ICICI Bank
A
1,184.45
1,330.60
+ 12.34
+
Guj. Mineral Dev
A
2,361.80
2,647.90
+ 12.11
+
Bharat Heavy Ele
A
2,431.75
2,715.25
+ 11.66
+
ABB Ltd
A
1,436.70
1,600.50
+ 11.40
+
Indian Oil Corp
A
446.50
495.70
+ 11.02
+
Reliance Energy Ltd.
A
1,670.00
1,852.35
+ 10.92
+
Siemens Ltd.
A
1,725.40
1,904.20
+ 10.36
+
Alfa Laval (I) Ltd.
A
956.40
1,053.65
+ 10.17
+
Cairn India Ltd.
A
204.30
223.60
+ 9.45
+
IDBI Ltd
A
145.65
158.95
+ 9.13
+
Reliance Capital
A
1,820.20
1,985.70
+ 9.09
+
Corporation Bank
A
415.80
453.20
+ 8.99
+
Rashtriya Chem&Fert.
A
53.20
57.95
+ 8.93
+
Bharat Forge Ltd
A
336.55
366.05
+ 8.77
+
Chennai Petro.
A
299.00
324.60
+ 8.56
+
SBI
A
2,083.95
2,251.75
+ 8.05
+
Guj. Gas Co. Ltd
A
306.30
330.55
+ 7.92
+
Sterlite Indus.
A
955.60
1,026.55
+ 7.42
+
Sterlite Technologie
A
279.15
299.55
+ 7.31
+
JaiprakashAssociates
A
1,352.90
1,446.70
+ 6.93
+
Ipca Laboratorie
A
620.55
660.00
+ 6.36
+
CESC Ltd.
A
552.35
587.05
+ 6.28
+
Neyveli Lignite
A
132.90
141.05
+ 6.13
+
Jindal Stainless Ltd
A
162.55
172.30
+ 6.00
------------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Texmaco
B1
1,152.55
1,759.75
+ 52.68
+
Celestial Labs Ltd.
B1
41.80
60.15
+ 43.90
+
Jindal Photo
B1
151.95
218.00
+ 43.47
+
Reliance Natural Res
B1
99.30
142.00
+ 43.00
+
Wheels India Ltd.
B1
219.40
308.50
+ 40.61
+
Eimco Elecon Ind
B1
440.65
617.05
+ 40.03
+
MRF Ltd
B1
5,623.90
7,867.25
+ 39.89
+
Refex Refrigerants L
B1
119.30
166.50
+ 39.56
+
Lakshmi Elect.
B1
336.90
462.10
+ 37.16
+
TIL Ltd.
B1
352.90
482.45
+ 36.71
+
Adlabs Films Ltd.
B1
724.85
978.45
+ 34.99
+
Adhunik Metaliks
B1
129.40
171.70
+ 32.69
+
Sundaram Finance
B1
505.65
669.00
+ 32.30
+
Cinevistaas Ltd.
T
63.50
83.80
+ 31.97
+
Ashapura Min. Lt
B1
284.35
368.60
+ 29.63
+
JSW Holdings Ltd.
B1
596.20
770.00
+ 29.15
+
Dewan Housing
B1
86.90
111.65
+ 28.48
+
Polyplex Corpn.
B1
158.60
203.75
+ 28.47
+
Nalwa Sons Investmen
T
1,634.50
2,086.00
+ 27.62
+
State Trading
B1
795.55
1,015.20
+ 27.61
+
Walchandnagar
B1
8,169.95
10,408.35
+ 27.40
+
Zandu Pharma.
B1
5,806.35
7,312.10
+ 25.93
+
NOCIL
B1
32.30
40.30
+ 24.77
+
Apcotex Industries L
B1
37.15
46.30
+ 24.63
+
Nilkamal Ltd.
B1
193.55
241.05
+ 24.54
+
Deepak Fert.
B1
106.05
131.25
+ 23.76
+
Salora Intl.
B1
180.65
223.20
+ 23.55
+
Godrej Industries Lt
B1
176.95
218.55
+ 23.51
+
GIC Housing Fi
B1
53.95
66.45
+ 23.17
+
Areva T&D India
B1
2,088.45
2,543.10
+ 21.77
+
LT Overseas Ltd.
B1
43.05
52.40
+ 21.72
+
Voltamp Transformers
B1
1,353.65
1,642.20
+ 21.32
+
Elgi Equipments
B1
58.95
71.35
+ 21.03
+
Mascon Global Lt
B1
12.61
15.25
+ 20.94
+
Can Fin Homes
B1
61.15
73.95
+ 20.93
+
Shirpur Gold Refine.
T
51.65
62.45
+ 20.91
+
MSP Steel & Power Lt
B1
39.60
47.80
+ 20.71
+
Richa Knits
B1
23.90
28.75
+ 20.29
+
Everest Kanto Cylind
B1
230.95
276.50
+ 19.72
+
Shringar Cinemas
B1
61.40
73.50
+ 19.71
+
Bombay Rayon Fashion
B1
229.10
273.35
+ 19.31
+
Asian Electronic
B1
379.55
452.20
+ 19.14
+
Time Technoplast Ltd
B1
640.25
761.85
+ 18.99
+
Arrow Webtex Ltd.
B1
327.55
389.60
+ 18.94
+
Insecticides ( India
B1
56.10
66.70
+ 18.89
+
Aban Offshore Ltd.
B1
4,387.85
5,213.00
+ 18.81
+
Phillips Carbon
T
174.00
205.45
+ 18.07
+
Prithvi Infor. Solu.
B1
243.30
286.80
+ 17.88
+
Deep Industries
B1
151.60
178.65
+ 17.84
+
Prime Focus
B1
1,021.05
1,201.65
+ 17.69
+
Agro Dutch Industrie
B1
26.20
30.70
+ 17.18
+
Honeywell Automation
B1
1,681.85
1,969.15
+ 17.08
+
Apar Industries
B1
222.60
260.45
+ 17.00
+
Indo Tech Transforme
B1
546.35
639.25
+ 17.00
+
Glenmark Pharma
B1
427.70
499.70
+ 16.83
+
DCM Ltd.
T
49.95
58.35
+ 16.82
+
Usha Martin Ltd.
B1
76.25
89.05
+ 16.79
+
Action Construction
B1
382.35
445.10
+ 16.41
+
NoidaTollBridge
B1
35.65
41.50
+ 16.41
+
PTC India
B1
114.65
132.70
+ 15.74
+
Marico Ltd.
B1
62.90
72.70
+ 15.58
+
IndiabullsFinService
B1
604.35
697.85
+ 15.47
+
KCP Ltd.
B1
403.90
465.50
+ 15.25
+
Supreme Inds.
B1
286.75
330.25
+ 15.17
+
Zodiac Clothing
B1
400.00
460.00
+ 15.00
+
Shamken Multifab
T
3.94
4.53
+ 14.97
+
Ramco Industries
B1
974.60
1,120.15
+ 14.93
+
Graphite India Ltd.
B1
57.00
65.45
+ 14.82
+
Jai Balaji Industrie
B1
288.75
329.45
+ 14.10
+
Givo Ltd.
T
6.95
7.92
+ 13.96
+
Goldstone Tech
T
141.35
160.40
+ 13.48
+
Monsanto India
B1
1,331.25
1,509.20
+ 13.37
+
Jyoti Structures
B1
245.70
278.50
+ 13.35
+
Sintex Industrie
B1
415.15
470.00
+ 13.21
+
Guj. Alkalie & C
B1
166.00
187.75
+ 13.10
+
Sunil Hitech Enginee
B1
265.80
300.55
+ 13.07
+
HEG Ltd.
B1
274.55
310.05
+ 12.93
+
Impex Ferro Tech Ltd
B1
17.25
19.45
+ 12.75
+
Eveready Industr
B1
39.95
44.80
+ 12.14
+
India Glycols
B1
334.10
374.20
+ 12.00
+
Shanthi Gears
B1
72.05
80.65
+ 11.94
+
BSEL Infra. Realty
B1
57.30
63.95
+ 11.61
+
Torrent Power Ltd.
B1
155.80
173.60
+ 11.42
+
ABG Shipyard
B1
660.90
736.00
+ 11.36
+
Biocon
B1
506.70
563.55
+ 11.22
+
Sona Koyo Steer.
B1
49.30
54.80
+ 11.16
+
Cholamandalam DBS Fi
B1
182.20
202.00
+ 10.87
+
Mangalore Chem.
B1
36.95
40.95
+ 10.83
+
Bhagwati Banquets &
B1
46.70
51.75
+ 10.81
+
Cosmo Films
B1
85.90
94.85
+ 10.42
+
Maytas Infra Ltd.
B1
642.45
707.85
+ 10.18
+
KEC International Lt
B1
649.10
714.20
+ 10.03
-------------------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.rediff.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
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
National Fertili
A
42.15
66.80
+ 58.48
+
Jindal St & Pwr
A
8,382.30
12,661.40
+ 51.05
+
Mangalore Refine
A
60.70
82.10
+ 35.26
+
Reliance Petroleum
A
202.10
269.40
+ 33.30
+
Jindal Saw
A
615.45
816.70
+ 32.70
+
LIC Housing Fi
A
274.15
354.95
+ 29.47
+
Engineers India
A
726.35
904.10
+ 24.47
+
Bank of India
A
307.40
377.95
+ 22.95
+
Dena Bank
A
59.30
72.50
+ 22.26
+
Dredging Corpora
A
786.70
959.05
+ 21.91
+
Fertilisers & Ch
A
23.60
28.55
+ 20.97
+
ONGC
A
1,156.00
1,366.10
+ 18.17
+
Bank of Baroda
A
320.50
372.85
+ 16.33
+
Union Bank of In
A
162.05
187.85
+ 15.92
+
Exide Inds.
A
63.80
73.75
+ 15.60
+
GMR Infrastructure L
A
158.60
182.90
+ 15.32
+
L & T
A
3,876.80
4,461.05
+ 15.07
+
ING Vysya Bank
A
269.60
309.75
+ 14.89
+
Nestle India
A
1,331.95
1,530.05
+ 14.87
+
Bongaigaon Refin
A
61.85
70.85
+ 14.55
+
Tata Power Co.
A
1,134.45
1,297.05
+ 14.33
+
Century Enka
A
144.35
164.25
+ 13.79
+
HDFC Bank
A
1,546.05
1,758.75
+ 13.76
+
MICO
A
4,280.35
4,850.10
+ 13.31
+
Ramco Systems Lt
A
155.10
175.70
+ 13.28
+
Indian Bank
A
144.50
163.15
+ 12.91
+
Punj Lloyd
A
443.35
498.40
+ 12.42
+
ICICI Bank
A
1,184.45
1,330.60
+ 12.34
+
Guj. Mineral Dev
A
2,361.80
2,647.90
+ 12.11
+
Bharat Heavy Ele
A
2,431.75
2,715.25
+ 11.66
+
ABB Ltd
A
1,436.70
1,600.50
+ 11.40
+
Indian Oil Corp
A
446.50
495.70
+ 11.02
+
Reliance Energy Ltd.
A
1,670.00
1,852.35
+ 10.92
+
Siemens Ltd.
A
1,725.40
1,904.20
+ 10.36
+
Alfa Laval (I) Ltd.
A
956.40
1,053.65
+ 10.17
+
Cairn India Ltd.
A
204.30
223.60
+ 9.45
+
IDBI Ltd
A
145.65
158.95
+ 9.13
+
Reliance Capital
A
1,820.20
1,985.70
+ 9.09
+
Corporation Bank
A
415.80
453.20
+ 8.99
+
Rashtriya Chem&Fert.
A
53.20
57.95
+ 8.93
+
Bharat Forge Ltd
A
336.55
366.05
+ 8.77
+
Chennai Petro.
A
299.00
324.60
+ 8.56
+
SBI
A
2,083.95
2,251.75
+ 8.05
+
Guj. Gas Co. Ltd
A
306.30
330.55
+ 7.92
+
Sterlite Indus.
A
955.60
1,026.55
+ 7.42
+
Sterlite Technologie
A
279.15
299.55
+ 7.31
+
JaiprakashAssociates
A
1,352.90
1,446.70
+ 6.93
+
Ipca Laboratorie
A
620.55
660.00
+ 6.36
+
CESC Ltd.
A
552.35
587.05
+ 6.28
+
Neyveli Lignite
A
132.90
141.05
+ 6.13
+
Jindal Stainless Ltd
A
162.55
172.30
+ 6.00
------------------------------------------------
Company
Group
Prev Close (Rs)
Current Price (Rs)
% Change
+
Texmaco
B1
1,152.55
1,759.75
+ 52.68
+
Celestial Labs Ltd.
B1
41.80
60.15
+ 43.90
+
Jindal Photo
B1
151.95
218.00
+ 43.47
+
Reliance Natural Res
B1
99.30
142.00
+ 43.00
+
Wheels India Ltd.
B1
219.40
308.50
+ 40.61
+
Eimco Elecon Ind
B1
440.65
617.05
+ 40.03
+
MRF Ltd
B1
5,623.90
7,867.25
+ 39.89
+
Refex Refrigerants L
B1
119.30
166.50
+ 39.56
+
Lakshmi Elect.
B1
336.90
462.10
+ 37.16
+
TIL Ltd.
B1
352.90
482.45
+ 36.71
+
Adlabs Films Ltd.
B1
724.85
978.45
+ 34.99
+
Adhunik Metaliks
B1
129.40
171.70
+ 32.69
+
Sundaram Finance
B1
505.65
669.00
+ 32.30
+
Cinevistaas Ltd.
T
63.50
83.80
+ 31.97
+
Ashapura Min. Lt
B1
284.35
368.60
+ 29.63
+
JSW Holdings Ltd.
B1
596.20
770.00
+ 29.15
+
Dewan Housing
B1
86.90
111.65
+ 28.48
+
Polyplex Corpn.
B1
158.60
203.75
+ 28.47
+
Nalwa Sons Investmen
T
1,634.50
2,086.00
+ 27.62
+
State Trading
B1
795.55
1,015.20
+ 27.61
+
Walchandnagar
B1
8,169.95
10,408.35
+ 27.40
+
Zandu Pharma.
B1
5,806.35
7,312.10
+ 25.93
+
NOCIL
B1
32.30
40.30
+ 24.77
+
Apcotex Industries L
B1
37.15
46.30
+ 24.63
+
Nilkamal Ltd.
B1
193.55
241.05
+ 24.54
+
Deepak Fert.
B1
106.05
131.25
+ 23.76
+
Salora Intl.
B1
180.65
223.20
+ 23.55
+
Godrej Industries Lt
B1
176.95
218.55
+ 23.51
+
GIC Housing Fi
B1
53.95
66.45
+ 23.17
+
Areva T&D India
B1
2,088.45
2,543.10
+ 21.77
+
LT Overseas Ltd.
B1
43.05
52.40
+ 21.72
+
Voltamp Transformers
B1
1,353.65
1,642.20
+ 21.32
+
Elgi Equipments
B1
58.95
71.35
+ 21.03
+
Mascon Global Lt
B1
12.61
15.25
+ 20.94
+
Can Fin Homes
B1
61.15
73.95
+ 20.93
+
Shirpur Gold Refine.
T
51.65
62.45
+ 20.91
+
MSP Steel & Power Lt
B1
39.60
47.80
+ 20.71
+
Richa Knits
B1
23.90
28.75
+ 20.29
+
Everest Kanto Cylind
B1
230.95
276.50
+ 19.72
+
Shringar Cinemas
B1
61.40
73.50
+ 19.71
+
Bombay Rayon Fashion
B1
229.10
273.35
+ 19.31
+
Asian Electronic
B1
379.55
452.20
+ 19.14
+
Time Technoplast Ltd
B1
640.25
761.85
+ 18.99
+
Arrow Webtex Ltd.
B1
327.55
389.60
+ 18.94
+
Insecticides ( India
B1
56.10
66.70
+ 18.89
+
Aban Offshore Ltd.
B1
4,387.85
5,213.00
+ 18.81
+
Phillips Carbon
T
174.00
205.45
+ 18.07
+
Prithvi Infor. Solu.
B1
243.30
286.80
+ 17.88
+
Deep Industries
B1
151.60
178.65
+ 17.84
+
Prime Focus
B1
1,021.05
1,201.65
+ 17.69
+
Agro Dutch Industrie
B1
26.20
30.70
+ 17.18
+
Honeywell Automation
B1
1,681.85
1,969.15
+ 17.08
+
Apar Industries
B1
222.60
260.45
+ 17.00
+
Indo Tech Transforme
B1
546.35
639.25
+ 17.00
+
Glenmark Pharma
B1
427.70
499.70
+ 16.83
+
DCM Ltd.
T
49.95
58.35
+ 16.82
+
Usha Martin Ltd.
B1
76.25
89.05
+ 16.79
+
Action Construction
B1
382.35
445.10
+ 16.41
+
NoidaTollBridge
B1
35.65
41.50
+ 16.41
+
PTC India
B1
114.65
132.70
+ 15.74
+
Marico Ltd.
B1
62.90
72.70
+ 15.58
+
IndiabullsFinService
B1
604.35
697.85
+ 15.47
+
KCP Ltd.
B1
403.90
465.50
+ 15.25
+
Supreme Inds.
B1
286.75
330.25
+ 15.17
+
Zodiac Clothing
B1
400.00
460.00
+ 15.00
+
Shamken Multifab
T
3.94
4.53
+ 14.97
+
Ramco Industries
B1
974.60
1,120.15
+ 14.93
+
Graphite India Ltd.
B1
57.00
65.45
+ 14.82
+
Jai Balaji Industrie
B1
288.75
329.45
+ 14.10
+
Givo Ltd.
T
6.95
7.92
+ 13.96
+
Goldstone Tech
T
141.35
160.40
+ 13.48
+
Monsanto India
B1
1,331.25
1,509.20
+ 13.37
+
Jyoti Structures
B1
245.70
278.50
+ 13.35
+
Sintex Industrie
B1
415.15
470.00
+ 13.21
+
Guj. Alkalie & C
B1
166.00
187.75
+ 13.10
+
Sunil Hitech Enginee
B1
265.80
300.55
+ 13.07
+
HEG Ltd.
B1
274.55
310.05
+ 12.93
+
Impex Ferro Tech Ltd
B1
17.25
19.45
+ 12.75
+
Eveready Industr
B1
39.95
44.80
+ 12.14
+
India Glycols
B1
334.10
374.20
+ 12.00
+
Shanthi Gears
B1
72.05
80.65
+ 11.94
+
BSEL Infra. Realty
B1
57.30
63.95
+ 11.61
+
Torrent Power Ltd.
B1
155.80
173.60
+ 11.42
+
ABG Shipyard
B1
660.90
736.00
+ 11.36
+
Biocon
B1
506.70
563.55
+ 11.22
+
Sona Koyo Steer.
B1
49.30
54.80
+ 11.16
+
Cholamandalam DBS Fi
B1
182.20
202.00
+ 10.87
+
Mangalore Chem.
B1
36.95
40.95
+ 10.83
+
Bhagwati Banquets &
B1
46.70
51.75
+ 10.81
+
Cosmo Films
B1
85.90
94.85
+ 10.42
+
Maytas Infra Ltd.
B1
642.45
707.85
+ 10.18
+
KEC International Lt
B1
649.10
714.20
+ 10.03
-------------------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.rediff.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers
Weekly Wrap up: Sensex rises 733 pts
Indian markets continued the bull run, with the bourses setting new paradigms for the world to see in the week ended Nov. 02, 2007. While India`s 30 share benchmark index Sensex surged past the psychological 20,000 mark, broad-based Nifty too pierced the 6,000 mark.
Overcoming the restrictions on P-Notes, the market moved ahead quite significantly this week on speculation that more foreign entities would get registered with SEBI. Short-covering, buoyant quarterly numbers from a few top ranking companies also aided the spectacular rally this week.
Sensex closed up 733.06 points at 19,976.23, while the broad-based NSE Nifty closed at 5,932.40, up 230.10 points for the week ended Nov. 02, 2007.
On Monday, the BSE Sensex closed with a hefty gain of 734.50 points, or 3.82%, at 19,977.67, while the broad-based NSE Nifty gained 203.6 points, or 3.57%, to close at 5,905.90.On
Tuesday, the BSE Sensex closed with a loss of 194.16 points, or 0.97%, at 19,783.51, while the broad-based NSE Nifty lost 37.1 points, or 0.63%, to close at 5,868.8.
On Wednesday, the BSE Sensex closed with a gain of 54.48 points, or 0.28%, at 19,837.99, while the broad-based NSE Nifty was up 31.9 points, or 0.54%, to close at 5,900.65.
On Thursday, the BSE Sensex closed with a loss of 113.64 points, or 0.57%, at 19,724.35, while the broad-based NSE Nifty was down 34.2 points, or 0.58%, to close at 5,866.45.
On Friday, the BSE Sensex closed with a hefty gain of 251.88 points, or 1.28%, at 19,976.23, while the broad-based NSE Nifty closed at 5,932.40, up 65.95 points.
Corporate ResultsHindustan 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 quarter ended September 2007 as compared with Rs 12,219.80 million for the corresponding quarter, last fiscal.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.Maruti Suzuki India posted 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 quarter ended September 2006.
Steel Authority of India (SAIL) announced a 17.84% jump in net profit at Rs 17,002.40 million for the quarter ended September 2007, as compared to Rs 14,428.10 million for the quarter ended September 2006.Reliance Communications on a consolidated basis posted a 85.75% jump in net profit at Rs 13,045.70 million for the quarter ended September 2007 as compared to Rs 7,023.40 million for the quarter ended September 2006.
Tata Motors reported better-then-expected 19.27% growth in net profit at Rs 5,268.40 million for the September 2007 quarter as compared with Rs 4,417.20 million in the corresponding quarter, last year.Bharti Airtel, India`s top telecom operator, on consolidated basis posted 87.04% growth in net profit to Rs 16,437.60 million for the quarter ended Sep. 30, 2007 as against Rs 8,788.40 million in the corresponding quarter, last year.
New ListingShares of Gandhinagar-based Circuit Systems (India) closed with 24.28% premium at Rs 43.50 compared with its issue price of Rs 35. The stock opened with a premium of 20% at Rs 42. The exporter of pointed circuit boards had come out with an initial public offering of 4,244,810 equity shares of Rs 10 each.The company had fixed issue price at Rs 35 a share, and its IPO was open for subscription from Sep. 27, 2007 to Oct. 5, 2007.EconomyRBI hiked the cash reserve ratio (CRR) by 50 basis points to 7.5% effective fortnight beginning Nov.10, 2007. The RBI has kept the repo rate under the LAF, an instrument that injects liquidity in the system, unchanged at 7.75%.
The apex bank also kept the Bank rate unchanged at 6%.All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of Sepember, 2007 remained stationary at 133 (one hundred and thirtythree).India`s fiscal deficit declined at 53.8% in September 2007 as against 58.2% in the corresponding month last year, according to data complied with Controller General of Accounts. InflationIndia`s wholesale price index for `All Commodities` for the week ended Oct. 20, 2007 rose 0.05% to 215.1 from 215.0 for the previous week.The annual rate of inflation, calculated on point-to-point basis, stood at 3.02% for the week ended Oct. 20, 2007, as against 3.07% in the previous week. The annual rate of inflation stood at 5.61% as on Oct. 21, 2006, a year ago.
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.
Overcoming the restrictions on P-Notes, the market moved ahead quite significantly this week on speculation that more foreign entities would get registered with SEBI. Short-covering, buoyant quarterly numbers from a few top ranking companies also aided the spectacular rally this week.
Sensex closed up 733.06 points at 19,976.23, while the broad-based NSE Nifty closed at 5,932.40, up 230.10 points for the week ended Nov. 02, 2007.
On Monday, the BSE Sensex closed with a hefty gain of 734.50 points, or 3.82%, at 19,977.67, while the broad-based NSE Nifty gained 203.6 points, or 3.57%, to close at 5,905.90.On
Tuesday, the BSE Sensex closed with a loss of 194.16 points, or 0.97%, at 19,783.51, while the broad-based NSE Nifty lost 37.1 points, or 0.63%, to close at 5,868.8.
On Wednesday, the BSE Sensex closed with a gain of 54.48 points, or 0.28%, at 19,837.99, while the broad-based NSE Nifty was up 31.9 points, or 0.54%, to close at 5,900.65.
On Thursday, the BSE Sensex closed with a loss of 113.64 points, or 0.57%, at 19,724.35, while the broad-based NSE Nifty was down 34.2 points, or 0.58%, to close at 5,866.45.
On Friday, the BSE Sensex closed with a hefty gain of 251.88 points, or 1.28%, at 19,976.23, while the broad-based NSE Nifty closed at 5,932.40, up 65.95 points.
Corporate ResultsHindustan 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 quarter ended September 2007 as compared with Rs 12,219.80 million for the corresponding quarter, last fiscal.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.Maruti Suzuki India posted 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 quarter ended September 2006.
Steel Authority of India (SAIL) announced a 17.84% jump in net profit at Rs 17,002.40 million for the quarter ended September 2007, as compared to Rs 14,428.10 million for the quarter ended September 2006.Reliance Communications on a consolidated basis posted a 85.75% jump in net profit at Rs 13,045.70 million for the quarter ended September 2007 as compared to Rs 7,023.40 million for the quarter ended September 2006.
Tata Motors reported better-then-expected 19.27% growth in net profit at Rs 5,268.40 million for the September 2007 quarter as compared with Rs 4,417.20 million in the corresponding quarter, last year.Bharti Airtel, India`s top telecom operator, on consolidated basis posted 87.04% growth in net profit to Rs 16,437.60 million for the quarter ended Sep. 30, 2007 as against Rs 8,788.40 million in the corresponding quarter, last year.
New ListingShares of Gandhinagar-based Circuit Systems (India) closed with 24.28% premium at Rs 43.50 compared with its issue price of Rs 35. The stock opened with a premium of 20% at Rs 42. The exporter of pointed circuit boards had come out with an initial public offering of 4,244,810 equity shares of Rs 10 each.The company had fixed issue price at Rs 35 a share, and its IPO was open for subscription from Sep. 27, 2007 to Oct. 5, 2007.EconomyRBI hiked the cash reserve ratio (CRR) by 50 basis points to 7.5% effective fortnight beginning Nov.10, 2007. The RBI has kept the repo rate under the LAF, an instrument that injects liquidity in the system, unchanged at 7.75%.
The apex bank also kept the Bank rate unchanged at 6%.All India Consumer Price Index Number for Industrial Workers (CPI-IW) on base 2001=100 for the month of Sepember, 2007 remained stationary at 133 (one hundred and thirtythree).India`s fiscal deficit declined at 53.8% in September 2007 as against 58.2% in the corresponding month last year, according to data complied with Controller General of Accounts. InflationIndia`s wholesale price index for `All Commodities` for the week ended Oct. 20, 2007 rose 0.05% to 215.1 from 215.0 for the previous week.The annual rate of inflation, calculated on point-to-point basis, stood at 3.02% for the week ended Oct. 20, 2007, as against 3.07% in the previous week. The annual rate of inflation stood at 5.61% as on Oct. 21, 2006, a year ago.
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.
Corporate/Personailty of the Day
Amartya Sen
Amartya Kumar Sen CH (Hon) (Bengali: অমর্ত্য কুমার সেন Ômorto Kumar Shen) (born 3 November 1933), is an Indian economist, philosopher, and a winner of the Bank of Sweden Prize in Economic Sciences (Nobel Prize for Economics) in 1998, "for his contributions to welfare economics" for his work on famine, human development theory, welfare economics, the underlying mechanisms of poverty, and political liberalism.
From 1998 to 2004 he was Master of Trinity College at Cambridge University, becoming the first Asian academic to head an Oxbridge college. Amartya Sen is interested in the debate over globalization. He has given lectures to senior executives of the World Bank and he is honorary president of Oxfam.
Among his many contributions to development economics, Sen has produced work on gender inequality. He is currently the Lamont University Professor at Harvard University. Amartya Sen's books have been translated into more than thirty languages. He is a trustee of the Economists for Peace and Security.
For more, Visit: http://en.wikipedia.org/wiki/Amartya_Sen
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
Amartya Kumar Sen CH (Hon) (Bengali: অমর্ত্য কুমার সেন Ômorto Kumar Shen) (born 3 November 1933), is an Indian economist, philosopher, and a winner of the Bank of Sweden Prize in Economic Sciences (Nobel Prize for Economics) in 1998, "for his contributions to welfare economics" for his work on famine, human development theory, welfare economics, the underlying mechanisms of poverty, and political liberalism.
From 1998 to 2004 he was Master of Trinity College at Cambridge University, becoming the first Asian academic to head an Oxbridge college. Amartya Sen is interested in the debate over globalization. He has given lectures to senior executives of the World Bank and he is honorary president of Oxfam.
Among his many contributions to development economics, Sen has produced work on gender inequality. He is currently the Lamont University Professor at Harvard University. Amartya Sen's books have been translated into more than thirty languages. He is a trustee of the Economists for Peace and Security.
For more, Visit: http://en.wikipedia.org/wiki/Amartya_Sen
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
Labels:
Corporate/Personailty of the Day
02 November 2007
RPL News, Corporate Headlines from ET, MC
Moneycontrol.Com
Reliance Petroleum has target of Rs 325-...
Chevron eyes 24% stake in RPL
How does RPL compare to its global peers?
RNRL can test Rs 150: Gaba
RPL or Chevron: Which one's at a
How does RPL compare to its global peers?
2007-11-02 14:23:20 Source : moneycontrol.com
Email Print Version Watch Video
Chevron has said it is evaluating buying stake in Reliance Petroleum, reports CNBC-TV18. It has time till July 2009 to decide and has an option to buy up to 24% in the company.
So, how does RPL compare to its global peers?
Analysts feel that a lot of that is priced into RPL’s price. The stock has seen a steep movement. In fact, the market capitalization of RPL as of now is over USD 30 billion. This, they added, gives you an indication about the valuations it is getting, ahead of the commencement of its operations, which is expected by July next year.
Most analysts are looking at a gross refining margins, or GRM, of USD 15-18 in the first three years of operations. Now, with crude hovering over USD 95, analysts feel that GRMs are expected to be sustained for at least 10-years instead of 3-years. This means that analysts are discounting the cyclical factor of crude prices.
Analysts feel that one should look at RPL’s earnings and sales as a normal company. So for FY10, they are expecting revenue growth at nearly USD 14.2 billion and profitability of USD 2.25 billion. For a company that will come out with such sustained profitability of USD 2.25 billion, given the constant GRMs of USD 15-18 for the next few years, the market is definitely pricing in a higher PE for RPL.
According to analysts, Infosys is being given a PE of 20-25 times FY10. So, why should RPL which is coming out with similar profits not be given the same kind of PE, they question. But that is on the extreme side. Currently, RPL’s PE is hovering around 16 times FY10, which is much higher than global peers.
In fact, Chevron PE is around 9 to 10 times forward PE while Reliance Petroleum is trading at a premium to that, analysts said. However, Chevron has a market capitalization of USD 190 billion and has a refining capacity of nearly 132 million tonne. In that sense, RPL is trading at a premium to its global peers and a lot of this is being going to be discounted when the refinery comes on stream next year.
Reliance Petroleum has target of Rs 325-330: Bose
2007-11-02 11:08:19 Source : moneycontrol.com
Email Print Version Watch Video
Technical Analyst, Rajat K Bose is of the view that Reliance Petroleum has target of Rs 325-330.
Bose told CNBC-TV18, "Beyond Rs 291 is difficult to project because the run up in Reliance Petroleum has been pretty sharp. The target would be Rs 325 to 330 in the short-term. But after yesterday’s fall, such huge volumes I have never seen in any stock with that kind of a market capitalisation. So still it is moving up. It shows that it has got enough of momentum to cross the Rs 291 mark and move forward further. But we need to very closely watch the Rs 291-294 range. In RPL, RNRL bull rally continues, even in such a situation it is pretty encouraging for traders, especially day traders can make lot of money in such counters."
------------
Chevron has said that it is evaluating RPL stake option, adding that it has time till July 2009 to decide, reports CNBC-TV18. It has option to buy up to 24% in RPL, it informed.
--------------------------------------------------------------------------------------------
SBI has target of Rs 2400
Dhawan bullish on bank space
RPL can cross Rs 300
Above Rs 140-145, Triveni Engg can go upto Rs
MF AUM up 16.7% at 5 lakh cr in Oct: AMFI
Long run mkt fundamentals very strong: ICICI Pru
Second innings for Birla's fin services biz
What to expect from Nifty cos this year?
Fed open to further rate cuts if needed: Peter Hooper
Google launches OpenSocial to spread social applications
Airtel introduces the ‘Super Lifetime Prepaid’
Buy 3i Infotech; target of Rs 190: PINC
Rediff.Com reports results for Q2 ended September 30,07
Financial Technologies Group partners with OMX
--------------------------------------------------------------------
The Economic Times.
Reliance Energy arm set to win transmission bid
IDFC Pvt Equity invests Rs 35 cr in Doshion
Apar to sell polymers unit for Rs 1.11 billion
Strong close to week start: Sensex gains 250 pts
Circuit Systems lists at Rs 42 on BSE
MMTC sees strong run-up in 3 months
Glodyne acquires US co for $3.34 mn in cash
Microsoft launches Silverlight 1.0 in India
HCL Technologies ties up with UK's Misys
UN ties up with Google, Cisco to fight poverty
Sale of single-premium policies takes a hit
RBI loan rules turn good assets into bad
Religare Platter: M&M, BoB, Jagran Prakashan, Idea
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
Reliance Petroleum has target of Rs 325-...
Chevron eyes 24% stake in RPL
How does RPL compare to its global peers?
RNRL can test Rs 150: Gaba
RPL or Chevron: Which one's at a
How does RPL compare to its global peers?
2007-11-02 14:23:20 Source : moneycontrol.com
Email Print Version Watch Video
Chevron has said it is evaluating buying stake in Reliance Petroleum, reports CNBC-TV18. It has time till July 2009 to decide and has an option to buy up to 24% in the company.
So, how does RPL compare to its global peers?
Analysts feel that a lot of that is priced into RPL’s price. The stock has seen a steep movement. In fact, the market capitalization of RPL as of now is over USD 30 billion. This, they added, gives you an indication about the valuations it is getting, ahead of the commencement of its operations, which is expected by July next year.
Most analysts are looking at a gross refining margins, or GRM, of USD 15-18 in the first three years of operations. Now, with crude hovering over USD 95, analysts feel that GRMs are expected to be sustained for at least 10-years instead of 3-years. This means that analysts are discounting the cyclical factor of crude prices.
Analysts feel that one should look at RPL’s earnings and sales as a normal company. So for FY10, they are expecting revenue growth at nearly USD 14.2 billion and profitability of USD 2.25 billion. For a company that will come out with such sustained profitability of USD 2.25 billion, given the constant GRMs of USD 15-18 for the next few years, the market is definitely pricing in a higher PE for RPL.
According to analysts, Infosys is being given a PE of 20-25 times FY10. So, why should RPL which is coming out with similar profits not be given the same kind of PE, they question. But that is on the extreme side. Currently, RPL’s PE is hovering around 16 times FY10, which is much higher than global peers.
In fact, Chevron PE is around 9 to 10 times forward PE while Reliance Petroleum is trading at a premium to that, analysts said. However, Chevron has a market capitalization of USD 190 billion and has a refining capacity of nearly 132 million tonne. In that sense, RPL is trading at a premium to its global peers and a lot of this is being going to be discounted when the refinery comes on stream next year.
Reliance Petroleum has target of Rs 325-330: Bose
2007-11-02 11:08:19 Source : moneycontrol.com
Email Print Version Watch Video
Technical Analyst, Rajat K Bose is of the view that Reliance Petroleum has target of Rs 325-330.
Bose told CNBC-TV18, "Beyond Rs 291 is difficult to project because the run up in Reliance Petroleum has been pretty sharp. The target would be Rs 325 to 330 in the short-term. But after yesterday’s fall, such huge volumes I have never seen in any stock with that kind of a market capitalisation. So still it is moving up. It shows that it has got enough of momentum to cross the Rs 291 mark and move forward further. But we need to very closely watch the Rs 291-294 range. In RPL, RNRL bull rally continues, even in such a situation it is pretty encouraging for traders, especially day traders can make lot of money in such counters."
------------
Chevron has said that it is evaluating RPL stake option, adding that it has time till July 2009 to decide, reports CNBC-TV18. It has option to buy up to 24% in RPL, it informed.
--------------------------------------------------------------------------------------------
SBI has target of Rs 2400
Dhawan bullish on bank space
RPL can cross Rs 300
Above Rs 140-145, Triveni Engg can go upto Rs
MF AUM up 16.7% at 5 lakh cr in Oct: AMFI
Long run mkt fundamentals very strong: ICICI Pru
Second innings for Birla's fin services biz
What to expect from Nifty cos this year?
Fed open to further rate cuts if needed: Peter Hooper
Google launches OpenSocial to spread social applications
Airtel introduces the ‘Super Lifetime Prepaid’
Buy 3i Infotech; target of Rs 190: PINC
Rediff.Com reports results for Q2 ended September 30,07
Financial Technologies Group partners with OMX
--------------------------------------------------------------------
The Economic Times.
Reliance Energy arm set to win transmission bid
IDFC Pvt Equity invests Rs 35 cr in Doshion
Apar to sell polymers unit for Rs 1.11 billion
Strong close to week start: Sensex gains 250 pts
Circuit Systems lists at Rs 42 on BSE
MMTC sees strong run-up in 3 months
Glodyne acquires US co for $3.34 mn in cash
Microsoft launches Silverlight 1.0 in India
HCL Technologies ties up with UK's Misys
UN ties up with Google, Cisco to fight poverty
Sale of single-premium policies takes a hit
RBI loan rules turn good assets into bad
Religare Platter: M&M, BoB, Jagran Prakashan, Idea
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
Labels:
Corporate Headlines from ET,
MC,
RPL News
MyIris.Com, Rediff Updates
Myiris.Com
NAVs of equity funds advance 10.55% in Oct. `07
Circuit Systems closes with 24.28% premium
Advanta India`s arm buys stake in LongReach
Fiscal deficit declines at 53.8%
L&T enters in JV with US Co
Mundra Port IPO oversubscribed 5.57 times on day two
World Bank approves 3 loans in India
World Bank to grant loans to Maharashtra
Bilcare net up 38.24% for Sep`07 qtr
Active stock: Apar Industries climbs 5%
Inflation declines to 3.02%
Lanco Industries net up 2.4% in Q2
Emami net up 22% for Sep`07 qtr
Power Grid to set up office in Dubai
Barak Valley IPO oversubscribed 29.15 times on closing
------------------------------------------------
Rediff.Com
Which MFs can get you maximum profits
Best IPOs
Top 25 MFs
Mutual funds for long-term investors - V
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
NAVs of equity funds advance 10.55% in Oct. `07
Circuit Systems closes with 24.28% premium
Advanta India`s arm buys stake in LongReach
Fiscal deficit declines at 53.8%
L&T enters in JV with US Co
Mundra Port IPO oversubscribed 5.57 times on day two
World Bank approves 3 loans in India
World Bank to grant loans to Maharashtra
Bilcare net up 38.24% for Sep`07 qtr
Active stock: Apar Industries climbs 5%
Inflation declines to 3.02%
Lanco Industries net up 2.4% in Q2
Emami net up 22% for Sep`07 qtr
Power Grid to set up office in Dubai
Barak Valley IPO oversubscribed 29.15 times on closing
------------------------------------------------
Rediff.Com
Which MFs can get you maximum profits
Best IPOs
Top 25 MFs
Mutual funds for long-term investors - V
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
Job alerts from Coolavenues.Com
Finance / Banking Positions
Manager - Consulting:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1333.php
Finance Transformation Consultants:Capgemini Consulting India Pvt. Ltd.http://www.coolavenues.com/jobs/1007_1_1336.php
Head Of Research-Singapore:A Leading Global Investment Bank http://www.coolavenues.com/jobs/1007_1_1341.php
Director / MD - Private Equity :A Leading Global Investment Bankhttp://www.coolavenues.com/jobs/1007_1_1343.php
Financial Analyst:A Leading Private Sector Bank http://www.coolavenues.com/jobs/1007_1_1342.php
VP / GM - Head Projects (Appraisal & Implementation): Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1348.php
Relationship Manager(Mid /Middle markets, Emerging corporates,Wholesale Banking):A leading Private Sector Bank http://www.coolavenues.com/jobs/1007_1_1352.php
Consultant - Financial Planning and Analysis:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1353.php
Senior Research Analyst - Automotive:A Leading Client of Empyrean Partners http://www.coolavenues.com/jobs/1007_1_1354.php
Project Manager- Business Research / Company Profiles:A Leading Provider of Online Data http://www.coolavenues.com/jobs/1007_1_1355.php
Manager/Sr.Manager - Audit and Enterprise Risk Services:A Client of Pylon Management Consulting
/jobs/1007_1_1360.php
COO:A Leading Global MicroFinance Company http://www.coolavenues.com/jobs/1007_1_1363.php
----------------------------------------------------------
Operations Management
VP / COO- Manufacturing/OPS- Garment/Shirts:A Leading garments brand - Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1351.php
Project Manager- Business Research / Company Profiles:A Leading Provider of Online Data http://www.coolavenues.com/jobs/1007_1_1355.php
Manager – Technology Outsourcing/ Process Migrations:A Leading Provider Of Independent Risk Consulting & Internal Audit Services http://www.coolavenues.com/jobs/1007_1_1356.php
COO:A Leading Global MicroFinance Company
http://www.coolavenues.com/jobs/1007_1_1363.php
-----------------------------------------------------------
General Management / Consulting Positions
Following 8 positions are available in World's Leading Management Consulting & Technology Firm: -
Manager - Finance & Performance Management - Enterprise Performance Management - http://www.coolavenues.com/jobs/1007_1_1316.php
Consultant - Finance & Performance Management - Finance Operations - http://www.coolavenues.com/jobs/1007_1_1317.php
Manager - Insurance - Marketing & Sales - http://www.coolavenues.com/jobs/1007_1_1318.php
Manager - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1319.php
Consultant - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1320.php
Manager - Insurance - Process Consulting - http://www.coolavenues.com/jobs/1007_1_1321.php
Consultant - Insurance - Process Consulting / Re-engineering - http://www.coolavenues.com/jobs/1007_1_1322.php
Manager - Life Insurance - http://www.coolavenues.com/jobs/1007_1_1323.php
Head - Web Business : MobileNXT http://www.coolavenues.com/jobs/1007_0_3321.php
Global Knowledge Hub - Delivery Manager : Capgemini Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/1007_1_1324.php
Manager - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1328.php
Consultant - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1329.php
Manager - Consulting:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1333.php
Area Manager - Government & Commercial:Gartner India Research & Advisory Services http://www.coolavenues.com/jobs/1007_1_1331.php
ITAS Consultants:Capgemini Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/1007_1_1337.php
Senior Research Analyst / Associate Manager:RocSearch http://www.coolavenues.com/jobs/1007_1_1338.php
COO - Chemical Manufacturing & Marketing:Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1344.php
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Manager - Consulting:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1333.php
Finance Transformation Consultants:Capgemini Consulting India Pvt. Ltd.http://www.coolavenues.com/jobs/1007_1_1336.php
Head Of Research-Singapore:A Leading Global Investment Bank http://www.coolavenues.com/jobs/1007_1_1341.php
Director / MD - Private Equity :A Leading Global Investment Bankhttp://www.coolavenues.com/jobs/1007_1_1343.php
Financial Analyst:A Leading Private Sector Bank http://www.coolavenues.com/jobs/1007_1_1342.php
VP / GM - Head Projects (Appraisal & Implementation): Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1348.php
Relationship Manager(Mid /Middle markets, Emerging corporates,Wholesale Banking):A leading Private Sector Bank http://www.coolavenues.com/jobs/1007_1_1352.php
Consultant - Financial Planning and Analysis:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1353.php
Senior Research Analyst - Automotive:A Leading Client of Empyrean Partners http://www.coolavenues.com/jobs/1007_1_1354.php
Project Manager- Business Research / Company Profiles:A Leading Provider of Online Data http://www.coolavenues.com/jobs/1007_1_1355.php
Manager/Sr.Manager - Audit and Enterprise Risk Services:A Client of Pylon Management Consulting
/jobs/1007_1_1360.php
COO:A Leading Global MicroFinance Company http://www.coolavenues.com/jobs/1007_1_1363.php
----------------------------------------------------------
Operations Management
VP / COO- Manufacturing/OPS- Garment/Shirts:A Leading garments brand - Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1351.php
Project Manager- Business Research / Company Profiles:A Leading Provider of Online Data http://www.coolavenues.com/jobs/1007_1_1355.php
Manager – Technology Outsourcing/ Process Migrations:A Leading Provider Of Independent Risk Consulting & Internal Audit Services http://www.coolavenues.com/jobs/1007_1_1356.php
COO:A Leading Global MicroFinance Company
http://www.coolavenues.com/jobs/1007_1_1363.php
-----------------------------------------------------------
General Management / Consulting Positions
Following 8 positions are available in World's Leading Management Consulting & Technology Firm: -
Manager - Finance & Performance Management - Enterprise Performance Management - http://www.coolavenues.com/jobs/1007_1_1316.php
Consultant - Finance & Performance Management - Finance Operations - http://www.coolavenues.com/jobs/1007_1_1317.php
Manager - Insurance - Marketing & Sales - http://www.coolavenues.com/jobs/1007_1_1318.php
Manager - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1319.php
Consultant - Insurance Claims - http://www.coolavenues.com/jobs/1007_1_1320.php
Manager - Insurance - Process Consulting - http://www.coolavenues.com/jobs/1007_1_1321.php
Consultant - Insurance - Process Consulting / Re-engineering - http://www.coolavenues.com/jobs/1007_1_1322.php
Manager - Life Insurance - http://www.coolavenues.com/jobs/1007_1_1323.php
Head - Web Business : MobileNXT http://www.coolavenues.com/jobs/1007_0_3321.php
Global Knowledge Hub - Delivery Manager : Capgemini Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/1007_1_1324.php
Manager - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1328.php
Consultant - Insurance Products : A Leading Name in Management & Technology Consulting Domain http://www.coolavenues.com/jobs/1007_1_1329.php
Manager - Consulting:A Leading Global Management Consulting Company http://www.coolavenues.com/jobs/1007_1_1333.php
Area Manager - Government & Commercial:Gartner India Research & Advisory Services http://www.coolavenues.com/jobs/1007_1_1331.php
ITAS Consultants:Capgemini Consulting India Pvt. Ltd. http://www.coolavenues.com/jobs/1007_1_1337.php
Senior Research Analyst / Associate Manager:RocSearch http://www.coolavenues.com/jobs/1007_1_1338.php
COO - Chemical Manufacturing & Marketing:Client of ZodiaAc Group of Consultants http://www.coolavenues.com/jobs/1007_1_1344.php
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts www.coolavenues.com for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers.
Labels:
Job alerts from Coolavenues.Com
Sensex up by 252 pts at close
The bulls, after staying away from the ring for a better part of the session, staged a dramatic comeback and lifted the market high up into the positive territory in late afternoon trade today.
The negative close on Wall Street and weak Asian markets due to fresh concerns over subprime lending in US did cast a shadow on the Indian bourses when trade commenced this morning.
Though a few frontline stocks, led by State Bank of India, ONGC and Infosys Technologies, managed to find support and posted smart gains in early afternoon trade, it was only during the fag end of the session the bulls decided to swing back into action with great vigor.
The Sensex, which was down with a massive loss of nearly 470 points at 19,255.77 at one stage this morning, vaulted to a high of 20,025.63 in late afternoon trade and ended with a sparkling gain of 251.88 points or 1.28% at 19,976.23. The Nifty, which had tanked to a low of 5714.25, zoomed 1.12% or 65.95 points over its previous closing mark to 5932.40.
State Bank of India (up 8.75% to Rs 2251.75) turned in a sparkling performance and played a stellar role in lifting the sentiment today. Other heavyweights from the banking sector, HDFC Bank (up nearly 5%) and ICICI Bank (2.45%) also finished on a high note.
Reliance Energy (4.8%), ONGC (2.7%), Grasim Industries (2.2%), ITC (2.05%), Infosys Technologies (2.05%) and BHEL (2.05%) posted strong gains. Maruti Suzuki, which remained quite listless today, ended with a sharp gain of 1.8%.
Index heavyweight Reliance Industries bounced back into the positive territory a little past mid afternoon and closed with a handsome gain of 1.55% at Rs 2712.70. Tata Motors (1.5%), NTPC (1.2%) and Tata Steel (1%) also closed with notable gains.
Larsen & Toubro, one of the stocks to buck the weak trend this morning, lost its way midway through the session but recovered well during the final hour of trade to close stronger by 0.8%. Hindustan Unilever, Ambuja Cements, Ranbaxy Laboratories and Dr. Reddy's Laboratories posted modest gains. Bajaj Auto and Tata Consultancy Services ended almost unchanged from their previous closing levels.
Bharti Airtel had another weak outing on concerns over the ACC, Satyam Computer Services, HDFC, Wipro, Cipla and Mahindra & Mahindra eased by 1% - 2%. Despite enjoying a bright spell in the positive territory, Reliance Communications ended in the negative territory with a loss of 0.6%. Hindalco closed with a marginal loss.
Reliance Petroleum, Siemens, Hindustan Petroleum Corporation, Unitech, Punjab National Bank, SAIL and ABB finished with smart gains.
GAIL India, HCL Technologies, Nalco, Hero Honda, GlaxoSmithKline Pharma, Zee Entertainment and VSNL ended with sharp losses.
Besides sector heavyweights State Bank of India, HDFC Bank and ICICI Bank, a few other bank stocks also closed on a high note today. Bank of Baroda, Union Bank of India, Allahabad Bank, Indian Overseas Bank, Andhra Bank, Centurion Bank of Punjab, Yes Bank, Oriental Bank of Commerce, Axis Bank, Punjab National Bank, Kotak Bank, Dena Bank, Indian Bank, Bank of Maharashtra, UCO Bank, IDBI and Vijaya Bank were among the major gainers from the banking sector.
Fertilizers & Chemicals hit the roof today. National Fertilizers also hit the upper circuit. Dredging Corporation, Engineers India, Spice Telecom, Punjab Lloyd, Hinduja TMT, Mangalore Refineries & Petrochemicals, Bongaigaon Refinery, LIC Housing Finance, Gujarat Minerals, Aventis Pharma and Bharat Forge closed with strong gains.
Ruchi Soya, Kalyani Steel, Adlabs Films, IOL Broadband, IVRCL Infrastructure, JK Cement, JM Financial Services, Gujarat Alkalies, PTC India, Nagarjuna Fertilizers, Geodesic Infosys, Everest Kanto Cylinder and Kirloskar Oil Engines were among the major gainers from the midcap space.
Among smallcaps, Polyplex, Prime Securities, Nocil, Voltamp Transformers, Panchmahal Steel, Sona Koyo, Dolphin Offshore, South Asian Pipes, Ruchi Infrastructure, Hindustan National Glass, Adhunik Metals, Sahara One, Goldiam International, Mercator Lines, Arihant Foundations, Rico Auto, Deepark Fertilizers, Aztec Software, Noida Toll Bridge and Paradyne Infotech gained significant ground.
Out of 2802 stocks traded on BSE today, 1399 stocks closed with gains. 1340 stocks ended in the negative territory and 63 stocks finished at their previous closing levels.
------------------------------------------------
GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
fertilisers and chemicals travancore ltd.
28.55
19.95
national fertilisers ltd.
66.80
19.92
dena bank
72.50
11.19
dredging corporation of india ltd.
959.05
9.99
engineers india ltd.
904.10
9.99
state bank of india
2251.75
8.73
bank of baroda
372.85
6.54
punj lloyd ltd.
498.40
6.30
hinduja tmt ltd.
436.00
6.25
mangalore refinery and petrochemicals ltd.
82.10
6.20
bongaigaon refinery ` petrochemicals ltd.
70.85
6.14
union bank of india
187.85
5.92
indian bank
163.15
5.70
tata power company ltd.
1297.05
5.52
l i c housing finance ltd.
354.95
5.23
gujarat mineral development corporation ltd
2647.90
4.99
-----------------------------------
GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
lakshmi electrical control systems ltd.
462.10
19.99
polyplex corporation ltd.
203.75
19.99
jindal photo ltd.
218.00
19.97
national organic chemical industries ltd.
40.30
19.94
agro dutch foods ltd.
30.70
19.92
ruchi soya industries ltd.
117.80
19.83
richa knits ltd.
28.75
19.79
voltamp transformers ltd.
1642.20
19.04
d c m ltd.
58.35
18.71
nilkamal plastics ltd.
241.05
14.56
sona steering systems ltd.
54.80
11.83
kalyani steels ltd.
471.30
11.80
adlabs films ltd.
978.45
11.02
bihar caustic ` chemicals ltd.
75.15
10.10
bayer diagnostics india ltd.
1478.15
9.99
adhunik metaliks ltd
171.70
9.99
paradyne infotech ltd.
241.60
9.99
salora international ltd.
223.20
9.97
visesh infotecnics ltd.
29.70
9.79
reliance natural resources ltd.
142.00
9.39
-----------------------
GAINER- BSE Group B2
Company
Last Price (Rs.)
Gain(%)
shetron ltd.
61.85
19.98
prime securities ltd.
165.15
19.97
skm egg products export (india) ltd.
18.15
19.80
vikram thermo (india) ltd.
28.25
19.19
bombay swadeshi stores ltd.
108.05
18.21
ashim investment company ltd.
57.95
15.66
alufluoride ltd.
28.70
14.11
panchmahal steel ltd.
269.00
14.05
gei hamon industries ltd
125.00
11.90
sanguine media ltd.
35.35
11.69
ponni sugars (erode) ltd.
34.45
10.95
--------------------------------------------------------
We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for www.sify.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.
Subscribe to:
Posts (Atom)