18 November 2007

Weekly Gainers : Rediff

http://money.rediff.com/money/jsp/weekly_gainer.jsp


Company Group Prev Close (Rs) Current Price (Rs) % Change

+
Essar Oil Ltd.
B2
78.60
192.35
+ 144.72
+
Century Extru.
B2
4.45
8.51
+ 91.24
+
Ashirwad Capital
B2
3.04
5.65
+ 85.86
+
Manali Petrochem
B2
13.93
23.56
+ 69.13
/////////////////////////////
+
Chambal Fertilis
A
47.65
72.40
+ 51.94
+
Mangalore Refine
A
86.70
130.40
+ 50.40
+
Bongaigaon Refin
A
72.10
105.20
+ 45.91
+
Mirc Electronics
A
20.05
29.20
+ 45.64
+
Rashtriya Chem&Fert.
A
57.85
80.90
+ 39.84
+
Hinduja Ventures
A
410.75
556.10
+ 35.39
+
Fertilisers & Ch
A
32.85
43.30
+ 31.81
+
Escorts Ltd.
A
108.30
142.10
+ 31.21
+
Neyveli Lignite
A
167.10
215.60
+ 29.02
+
National Fertili
A
71.45
92.05
+ 28.83
+
HMT Ltd.
A
78.60
99.60
+ 26.72
+
Chennai Petro.
A
347.55
437.90
+ 26.00
+
Ispat Industries
A
36.00
45.25
+ 25.69
+
IndusInd Bank
A
91.60
112.70
+ 23.03
+
Bharat Petroleum
A
355.00
434.65
+ 22.44
+
Shipping Corpn.
A
224.40
273.45
+ 21.86
+
ITC Ltd.
A
168.90
205.15
+ 21.46
+
Dredging Corpora
A
1,051.95
1,275.20
+ 21.22
+
Finolex Industri
A
72.35
87.15
+ 20.46
+
GNFC
A
155.70
187.55
+ 20.46
+
Welspun Gujarat
A
338.55
402.85
+ 18.99

///////////////////////////////
+
KEC Infrastructures
B1
30.80
51.15
+ 66.07
+
Jagjanani Textiles L
B1
7.95
12.96
+ 63.02
+
Pennar Alum.
T
4.24
6.73
+ 58.73
+
Suryachakra Power Co
B1
27.90
43.70
+ 56.63
+
Chemplast Sanma
B1
8.14
12.70
+ 56.02
+
Indus Fila Ltd.
B1
209.90
327.25
+ 55.91
+
Arvind Remedies
B1
1.89
2.93
+ 55.03
+
NRC Limited
T
22.30
34.45
+ 54.48
+
S A L Steel
B1
14.89
22.47
+ 50.91
+
Sah Petroleums Ltd.
B1
14.29
21.19
+ 48.29
+
Saamya Biotech (Indi
B1
14.06
20.45
+ 45.45
+
RPG Cables Ltd
T
44.75
65.05
+ 45.36
+
DCW Ltd.
B1
17.00
24.25
+ 42.65
+
Uttam Galva Steels
B1
41.35
58.75
+ 42.08
+
Meghmani Organics Lt
B1
22.50
31.60
+ 40.44
+
Lloyds Steel
B1
13.25
18.54
+ 39.92
+
Nagarjuna Fert.
B1
58.95
82.10
+ 39.27
+
Vikash Metal & Power
B1
21.95
30.20
+ 37.59
+
Sabero Organics
T
14.78
20.20
+ 36.67
+
Zuari Industrie
B1
229.15
312.45
+ 36.35
+
Essar Shipping
B1
40.25
54.45
+ 35.28
+
Vindhya Telelink
T
183.35
248.00
+ 35.26
+
Maytas Infra Ltd.
B1
705.80
953.55
+ 35.10
+
Hotel Leela Ven.
B1
50.35
67.85
+ 34.76
+
Mangalore Chem.
B1
38.30
51.50
+ 34.46
+
Shah Alloys
B1
45.55
61.00
+ 33.92
+
PBA Infrastructure L
B1
82.45
109.80
+ 33.17
+
Supreme Petroche
B1
24.80
33.00
+ 33.06
+
SREI Infrastructure
B1
144.35
192.00
+ 33.01
+
Graphite India Ltd.
B1
64.40
84.70
+ 31.52
+
Shamken Multifab
T
4.00
5.26
+ 31.50
+
Motilal Oswal Financ
B1
1,275.00
1,668.65
+ 30.87
+
Bhagwati Banquets &
B1
59.15
76.85
+ 29.92
+
Piramyd Retail
B1
51.40
66.70
+ 29.77
+
Hind. Motor
B1
32.30
41.90
+ 29.72
/////////////////////////////////////


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Weekly Wrap Up: Sensex gains 790.76 pts in the week

Weekly Wrap Up: Sensex gains 790.76 pts in the week

BSE Sensex closed with a gain of 790.76 points at 19,698.36, while the broad-based NSE Nifty closed at 5,906.85, up 243.6 points for the week ended Nov. 16, 2007.On Monday, the 30-share BSE Sensex opened with a negative gap of 267 points at 18,640.52. Later the index went down 500 points backed by heavyweights and weak Asian cues. Selling pressure was witnessed across board. It traded weak for most part of the day.

Though the Sensex covered most of its losses during end of the day, it closed on a negative note. BSE Sensex closed with a loss of 170.33 points, or 0.90%, at 18,737.27, while the broad-based NSE Nifty closed at 5,617.10, down 46.15 points.

On Tuesday, the 30-share BSE Sensex opened negative at 18,681.10 in the morning trades. In the initial half an hour trading session, the index moved up and traded flat. Later the index gained ground amidst volatility. Further the Sensex marched ahead on the back of heavy buying interest seen in pivotal stocks and global cues. Finally, it ended the day on a strong note by touching a high of 19,210.48. BSE Sensex closed with a gain of 298.21 points or 1.59%, at 19,035.48, while the broad-based NSE Nifty closed at 5,695.40, up 78.3 points.

On Wednesday, the 30-share BSE Sensex opened with a positive gap of 300 points. The index performed well throughout the day backed by heavy buying interest in frontliner stocks. Further, positive global cues helped the Sensex to achieve its biggest intra day gain. Finally it touched an intra-day high of 19,987.71 to end the day on a sunny note.BSE Sensex closed with a hefty gain of 893.58 points, or 4.69%, at 19,929.06, while the broad-based NSE Nifty closed at 5,937.90, up 242.5 points.

On Thursday, the 30-share BSE Sensex opened negative at 19,947.72 and soon moved up in the positive to trade on a flat note. The index afterwards slipped into negative terrain amidst volatility. Profit booking was seen in frontliners. Finally, it touched an intraday low of 19,723.20. BSE Sensex closed with a loss of 144.17 points, or 0.72%, at 19,784.89, while the broad-based NSE Nifty closed at 5,912.10, down 25.8 points.

On Friday, the 30-share BSE Sensex opened negative at 19,603.09. Later the index moved up in the positive terrain on back of buying interest, and afterwards slipped into the negative. The index touched an intraday low of 19,472.51 amidst volatility. Selling and buying was witnessed in some stocks. Finally it closed on a negative note. BSE Sensex closed with a loss of 86.53 points, or 0.44%, at 19,698.36, while the broad-based NSE Nifty closed at 5,906.85, down 5.25 points.Economy Watch:India`s wholesale price index (WPI) based inflation rose to 3.11% for the week ended November 3, as against 2.97% in the previous week.

Headline inflation although rose to 3.11%, it is still below the target of the Reserve Bank of India`s level of 5% during 2007-08. The wholesale price-based index stood at 5.45% in the corresponding week last year.Corporate announcement:Days after acquiring two blocks in Kurdistan in northern Iraq, Reliance Industries (RIL), has announced signing of another production-sharing agreement (PSA) with the government of Oman.Lanco Infratech bagged order worth Rs 731.8 million from Andhra Pradesh (AP) Health & Medical Housing & Infrastructure Dev. Corporation (APHMHIDC), an enterprise of government of Andhra Pradesh, for the construction of medical college, hospital complex, hostels, and ancillary structures for RIMS etc., at Srikakulam in Andhra Pradesh.McNally Bharat Engineering Company bagged an order worth Rs 342.1 million from Maharashtra State Power Generation, Mumbai. This order is for the design, manufacture, supply, erection, testing and commissioning of ash handling system with all accessories for their Paras thermal power station expansion project.

Mumbai-based Valecha Engineering bagged Rs 1 billion worth new projects. These projects include additional works of Integrated Road Development Project (IRDP) at Pune and Udaipur Tunnel Project at Udaipur.KEC International, a part of Rs 115 billion RPG Group company, has been awarded two projects in Abu Dhabi and Algeria worth Rs 6.37 billion.Simplex Infrastructures bagged two contracts aggregating Rs 6,800 million. The first contract is for the design and construction of eastern freeway from museum to Anil Panjarapole link road. The second contract bagged by the company is for the design and construction of flyover on Dr. Babasaheb Ambedkar road under package II.Aegis BPO, an Essar Group company, signed a share purchase agreement to acquire TeleTech Services (India), a joint venture of TeleTech Europe and Bharti Ventures. The estimated value of the acquisition is USD 13 million. Tata Consultancy Services (TCS) signed a four-year USD 200 million contract with the Social Security Institute of Mexico (IMSS).

Sector Watch:The cement industry is all set to add 111 million tons of annual capacity by the end of 2009-10 (FY10), on the back of an estimated 141 outstanding cement projects. High demand and less-than expected capacity addition for power, pushed the deficit for April-October 2007 to a 10-year high of 14.6%. Shortage of manpower and equipment is the main reason for low capacity addition in power.


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Corporate/Personailty of the Day

Kanwal Rekhi

Kanwal Rekhi (born 1945) is an Indian-American engineer, businessman and millionaire philanthropist.Kanwal was born in Rawalpindi (then in British India, now in Pakistan). After the partition of India, his family settled in Kanpur, India. In 1967 Rekhi graduated as an electrical engineer from the Indian Institute of Technology in Bombay, India and in 1969 he received a Master of Science degree from Michigan Technological University. Kanwal has been a major donor to Michigan Tech, including a gift of $5 million for new computer science facilities. He worked as an engineer, systems analyst, and manager for many years before floating his first company, Excelan in 1982. Excelan was a manufacturer of smart ethernet cards, and was also responsible for the commercial growth of the internet protocol TCP/IP. The company merged with, and was acquired by Novell in 1989 and Kanwal was given a seat on the board.


For more: http://en.wikipedia.org/wiki/Kanwal_Rekhi


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16 November 2007

About : Warren Buffet, George Soros

Warren Buffett

Warren Edward Buffett (b. August 30, 1930, Omaha, Nebraska), often called the "Sage of Omaha" or the "Oracle of Omaha"[2], is an American investor, businessperson and philanthropist.Buffett has amassed an enormous fortune from astute investments managed through the holding company Berkshire Hathaway, of which he is the largest shareholder and CEO. With an estimated current net worth of around US$52 billion,[1] he was ranked by Forbes as the third-richest person in the world as of September 2007, behind Carlos Slim and Bill Gates.[3]

For More: http://en.wikipedia.org/wiki/Warren_Buffet



George Soros

George Soros (pronounced [ˈʃoroʃ]) (born August 12, 1930, in Budapest, Hungary, as György Schwartz) is an American financial speculator, stock investor, philanthropist, and political activist.[2] He has also promoted democracy in Eastern Europe.Currently, he is the chairman of Soros Fund Management and the Open Society Institute and is also a former member of the Board of Directors of the Council on Foreign Relations.

For more: http://en.wikipedia.org/wiki/George_Soros



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Economic Times Headlines

India to buy 400 firms in US, EU after 2010: Assocham
Indian students dominate Harvard Business School
Indians now wear Asia's wealth crown too

Essar Oil to invest Rs 24,000 cr to expand Vadinar refinery
KEC International bags Rs 637 cr worth power transmission projects
Ranbaxy recalls 73 million pills from US mkt
Ranbaxy recall may hit Indian generic companies' reputation
TRAI norms for telecom firms on collection of dues

BoB to foray into life insurance with UK firm and Andhra Bank
FMCG, fertilizer up as mkt ends down
Essar Steel applies for delisting
Forex reserves cross $270 bn
Rs 2000 cr for Rajasthan irrigation
Indian annual inflation at 3.11%

Fuel shock: Big 5 face the flak for record oil price
Maruti tops customer satisfaction survey
RBI to circulate new Re 1 non-ferritic stainless steel coins
Tata Tea launches Tetley green tea leaf packet
ICICI Venture seen in talks to buy out Shalimar
Mukesh, Mayawati & Montek can reduce India's poverty

ICICI Venture, Baring PE set to buy 32% in Karvy for Rs 500 cr
Tamil Nadu fixes sugarcane MSP at Rs 1,034 per tonne
Essar Steel reverse book building price
Air India's IPO only after integration
Pratibha Ind eyes urban infra projects
Online coaching business being driven by small towns

RCom's ad campaign wins international award
UTI Ventures invests $8 mn in Pesco Beam
Reliance Comm adds 1.5 mn users in Oct
Dhanus Techonologies to sell international SIM cards in India
256 kbps to remain broadband in India
Spice, IndiGo close in on Jet, Air India market share

'Economy on way to 9% growth'
Blackstone's India PiE: A billion dollars in next 2 years
PTC may sell 40% in fin services arm to PE firms
NBCC, CSEB set to sign Rs 4,000-cr JV
Refex Refrigerants to raise up to Rs 200 cr via FCCBs
JP Associates signs F1 track deal: Report

Prajay Engineers ties up $36 mn in FDI
Franklin Asian Equity Fund to open on Monday
DLF mall to house 130 global brands; launch pad for many
Parliament to debate N-deal on Nov 27


International News

Google up for wireless spectrum bid: Report
Advertising key to putting Internet in every cellphone
East Asian economies to remain robust despite subprime crisis
China back as net coal exporter as global prices soar
Barclays takes 1.3 billion-pound hit in credit crunch
China's fixed asset investment up 26.9 per cent
'European banks face bigger risks'
China's economy may be 40% smaller than estimated


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Rediff Stories

India 16th most expensive retail spot
Myth of the fastest supercomputer
India's largest cos
K P Singh: World's richest realty developer

20 ventures you can start with Rs 5 lakh
Which MFs can get you maximum profits
Markets booming: Which stocks to buy now
Money lending: 'The brighter side of life'
Success story: A $250,000 business, aged 25

Showcase your business model in GSV Competition

For more: http://www.rediff.com/money/index.html

Information You Can Use

SIU: Masters in Mass Comm
TISS: PG in social work
CMC admission: PG courses
MNIT: PhD programmes
Web designers needed
Commission with Indian Navy
Scholarship to Japan
Commonwealth Scholarship
Education UK Exhibition
PhD prog, IBS Hyderabad
Master of Law Degree, TN
MBA prog at Symbiosis
XLRI: PG programmes


For more: http://www.rediff.com/getahead/index.html



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Digital Versions of Business Today, MoneyToday

India's Leading Business Magazine


BUSINESS TODAY

is in the form of digital version.

View : http://businesstoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/BusinessToday



&



MONEY TODAY

is in the form of digital version.

View : http://moneytoday.digitaltoday.in/

emagazine: http://emagazine.digitaltoday.in/moneytoday



Hope all Business Peoples, Viewers will be happy to see BT, MT in digital versions.

Sensex loses 87 pts at close


NIFTY
5906.85
-5.25
SENSEX
19698.36
-86.53

The market opened on a weak note this morning, and, despite recovering swiftly and staging a smart rally, remained sluggish right till the end of the session as participants chose to stay away from a majority of blue chip stocks due to lack of triggers. Finally, following a fairly strong round of selling in some front line stocks, the benchmark indices Sensex and the Nifty closed in the red today.

Weak global markets rendered the mood somewhat negative. Fresh concerns over US credit worries and surge in inflation weighed down the sentiment to a notable extent.
While the Sensex, which plunged to 19,472.51, losing more than 300 points in early trade, ended the day with a loss of 86.53 points or 0.44% at 19,698.36, the Nifty closed with a small loss of 0.09% or 5.25 points at 5906.82. In intra-day trades today, the Nifty touched a low of 5817.40 and a high of 5948.05. The Sensex hit a high of 19,838.03 in early afternoon trade.

Oil stocks had another fine run in the positive territory. Select FMCG stocks, led by heavyweight ITC, posted smart gains. Auto and PSU sectors witnessed selective buying. Consumer durables stocks, which had missed out on the rally on Wednesday, were among the notable gainers today.

Information technology and capital goods stocks eased to lower levels on selling pressure. Though a few bank stocks firmed up to higher levels, not much buying was seen in that space today. Some realty stocks gained smart ground. Even as a number of large cap stocks struggled to hold on at higher levels, several stocks from midcap and smallcap segments rallied higher on strong buying interest.

ITC ended stronger by as much as 8.2% today. Grasim Industries closed with a big gain of 7.5%. Dr. Reddy's Laboratories (3.4%), Mahindra & Mahindra (1.9%), Maruti Suzuki (1.35%) and Bharti Airtel (1.3%) also closed with smart gains.

State Bank of India gained 0.8%. Hindustan Unilever moved up by a little over half a per cent. Wipro, Cipla, ONGC and Tata Consultancy Services posted modest gains while Ambuja Cements, Reliance Industries and Bajaj Auto ended marginally higher than their previous closing levels.
Hindalco (down 5.5%) was the biggest loser from the Sensex today. Larsen & Toubro (down 2.85%), Ranbaxy Laboratories (down 2.8%), ICICI Bank (down 2.3%), Reliance Communications (down 2.3%), Tata Steel (down 2%), Infosys Technologies (down 1.75%), Reliance Energy (down 1.5%) and BHEL (down 1.3%) also declined sharply.

HDFC, which moved in a tight band today, closed with a loss of 0.7%. HDFC Bank also went down by around the same margin as HDFC. ACC lost 0.45%. Tata Motors and Satyam Computer Services ended with very small losses. Nalco, HCL Technologies, Zee Entertainment, Sun Pharmaceuticals and SAIL were among the major losers in the Nifty index.

Hindustan Petroleum (6.05%), VSNL (5.45%), ABB (2.3%), MTNL (2.15%), BPCL (1.85%), Hero Honda (1.8%), Suzlon Energy (1.7%), Punjab National Bank (1.55%) and GlaxoSmithKline Pharma (1.05%) closed with sharp gains. Hinduja TMT vaulted 28.65% to Rs 556.10. Chambal Fertilizers zoomed 28.3%. Essar Oil closed with a hefty gain of 21.6%. Mirc Electronics gained 16.1%. Escorts spurted 14.65%.

HTMT Global, Ballarpur Industries, National Fertilizers, Fertilizers & Chemicals, Nirma and Chennai Petroleum Corporation moved up by 9% - 11%. Lanco Infratech, FDC, Finolex Industries, Gujarat Narmada, Jindal Saw, Tamil Nadu Newsprint & Papers, Indian Oil Corporation, Tata Tea, India Cements, Kotak Bank, Cummins India and Tata Chemicals also surged higher.

Midcap stocks Nagarjuna Fertilizers, S Kumar's Nationwide, Bombay Rayon Fashions, Dabur Pharma, Eicher Motors, Berger Paints, Kirloskar Oil Engines, Simplex Infrastructure, Binani Cements, SpiceJet and Development Credit Bank closed on a high note.

Though the indices ended in the red, the market breadth remained positive again thanks to hectic buying in several midcap and smallcap stocks. Out of 2865 stocks traded on BSE today, 1909 stocks closed on a winning note. 912 stocks ended with losses and 44 stocks finished at their previous closing levels.

Sensex loses 87 pts at close



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Corporate/Personailty of the Day

Victor Menezes

Victor J. Menezes (May 14, 1949 - ) is an engineer and banker, who acts as a top official in international financial organizations. He is originally from India and received his degree in electrical engineering from the Indian Institute of Technology, Bombay in 1970. He received a Master's degree in Management (M.B.A.) from the MIT Sloan School of Management in 1972. In the same year, he joined Citicorp in Corporate Banking. Later, he was posted in "practically every continent" -- as one bio-sketch put it. Displaying exemplary banking skills throughout, he rose to the post of Chief Financial Officer in 1995.

For more: http://en.wikipedia.org/wiki/Victor_Menezes



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