Top gainers over the year : BSE (Above Rs 20)
COMPANY
PRICE ON Dec 31, 2007 (Rs)
PRICE ON Jan 01, 2007 (Rs)
% CHANGE
DAY'S HIGH/LOW (Rs)
52-WEEKH/L (Rs)
BSE-SENSEX
20,286.99
13,786.91
47.1%
20,484 / 20,240
20,498 / 12,316
S&P CNX NFTY
6,138.60
3,966.40
54.8%
6,168 / 6,095
6,185 / 3,555
VENTURA TEX.
67.60
0.04
168,900.0%
68 / 65
92 / 0
R R FINANCE.
133.70
0.75
17,726.7%
136 / 128
155 / 1
INCA FINLEASE
132.90
2.25
5,806.7%
133 / 133
133 / 2
SRI ADHIKARI BROS.
108.30
2.43
4,356.8%
113 / 103
135 / 2
AMANI TRAD
159.70
4.05
3,843.2%
160 / 160
160 / 4
PEERLESS ABA
889.10
26.51
3,253.8%
889 / 889
889 / 16
BERYL DRUGS
27.35
0.89
2,973.0%
28 / 26
31 / 1
CALS LTD.
95.80
3.23
2,865.9%
96 / 96
96 / 2
LLOYDS METALS
143.15
5.18
2,663.5%
143 / 136
143 / 4
ORISSA SPONGE
581.20
26.60
2,085.0%
582 / 555
748 / 24
SAHARA HOUSING
863.40
45.50
1,797.6%
863 / 781
1,445 / 29
V.B.DESAI
175.30
9.60
1,726.0%
175 / 170
175 / 8
SANGAL PAPER
50.00
2.91
1,618.2%
50 / 50
55 / 3
NAVKAR BUILDERS
80.85
4.80
1,584.4%
81 / 81
81 / 4
JINDAL SOUTHWEST H
2,479.35
155.25
1,497.0%
2,479 / 2,479
2,479 / 149
RICH CAPITAL
38.10
2.55
1,394.1%
38 / 37
55 / 3
PION INVEST
647.35
43.40
1,391.6%
660 / 640
718 / 38
MMTC LTD
32,365.30
2,206.00
1,367.1%
32,365 / 31,880
56,932 / 1,925
TEMPT FOOD
203.90
14.35
1,320.9%
204 / 198
263 / 14
KACHCHH MINERALS
31.65
2.30
1,276.1%
32 / 32
42 / 2
NEO SACK
76.30
5.81
1,213.3%
78 / 71
78 / 6
MICRO FORGE
33.30
2.65
1,156.6%
33 / 32
52 / 3
JINDAL CAP.
61.60
4.94
1,147.0%
62 / 62
62 / 4
DOLAT INV.
21.43
1.74
1,131.6%
21 / 21
21 / 1
AUTOLITE (I)
178.95
14.85
1,105.1%
179 / 173
179 / 14
SYSTAMATIX C
105.35
9.00
1,070.6%
105 / 102
105 / 9
SUPREME HOLD
86.20
7.41
1,063.3%
86 / 84
93 / 7
STEEL EXCHANGE
152.75
13.14
1,062.5%
153 / 153
153 / 10
GULSHAN CHEMICALS
49.10
4.29
1,044.5%
49 / 49
49 / 2
BIO GREEN IND.
206.20
18.10
1,039.2%
206 / 206
365 / 15
USHER AGRO
132.55
11.84
1,019.5%
133 / 131
133 / 11
HB LEAS.PUB
46.90
4.20
1,016.7%
47 / 47
47 / 4
GULSHAN POLY
396.95
36.30
993.5%
397 / 395
439 / 28
JAI BALAJI SPONGE
512.10
47.00
989.6%
512 / 476
512 / 46
SHARDUL SECURITIE
493.40
46.20
968.0%
493 / 457
620 / 31
BLISS CHEM.
565.05
53.25
961.1%
565 / 547
565 / 41
ASIAN OILFIE
333.45
31.55
956.9%
333 / 322
333 / 26
MIDAS PHARMA
24.76
2.35
953.6%
25 / 25
27 / 2
BRILLIANT SEC.
62.50
5.98
945.2%
63 / 63
63 / 4
SAT INVESTEC
82.00
8.31
886.8%
82 / 78
82 / 8
BAG FILMS
87.95
8.92
886.0%
93 / 87
105 / 8
MODERN DAIRIES
85.90
8.73
884.0%
90 / 85
115 / 8
KHOD.INDIA
363.35
37.15
878.1%
363 / 335
425 / 37
WALCHAND PEOPLE
4,882.40
500.00
876.5%
4,882 / 4,750
9,786 / 496
BALASORE ALLOYS
67.90
6.97
874.2%
70 / 67
78 / 7
WALCHANDNAGAR
8,221.00
874.75
839.8%
8,400 / 8,200
12,049 / 870
PRAKASH INDUSTRIES
337.75
36.00
838.2%
339 / 322
339 / 31
NEHA INTERNATIONAL
66.20
7.10
832.4%
66 / 66
71 / 7
THAKRAL SERV.
78.75
8.48
828.7%
79 / 75
83 / 8
GS AUTO INT.
83.40
9.00
826.7%
83 / 83
100 / 9
SANDUR MAN
442.15
48.50
811.6%
442 / 441
784 / 44
BOKADIA FIN.
23.85
2.62
810.3%
24 / 23
35 / 2
KHAITAN WVG
90.15
10.07
795.2%
93 / 90
98 / 8
DOVER SECURITIES
121.55
13.88
775.7%
122 / 122
142 / 10
PUDUMJEE AGRO
304.50
35.05
768.8%
305 / 305
305 / 25
JAI CORP LTD
1,201.80
138.42
768.2%
1,211 / 1,175
1,326 / 74
VANS INF&INV
58.60
6.79
763.0%
59 / 59
59 / 5
BCC FINANCE
123.50
14.50
751.7%
124 / 124
124 / 13
ALCHEMIST REALTY
712.70
83.70
751.5%
734 / 702
816 / 79
FORTUNE FIN.
206.95
24.45
746.4%
207 / 204
214 / 24
INSUL ELECTRIC
1,725.00
207.25
732.3%
1,759 / 1,725
1,957 / 207
REL NATURAL RESOURCE
182.35
22.20
721.4%
185 / 179
203 / 21
SURAJ STAINLESS
272.85
33.40
716.9%
282 / 250
282 / 33
CHARTERED CARRIERS
135.80
16.65
715.6%
136 / 136
136 / 11
STURDY IND.
44.10
5.64
681.9%
44 / 44
50 / 4
ENSA STEEL
31.00
3.98
678.9%
31 / 29
35 / 3
INFO-DRIVE S
111.10
14.37
673.1%
111 / 105
111 / 9
IFCI
93.00
12.12
667.3%
95 / 83
121 / 12
CHARTERED CAP
69.15
9.02
666.6%
69 / 69
69 / 9
ISPAT INDS.
82.45
10.98
650.9%
83 / 81
87 / 11
MANAPPURAM G
165.00
22.08
647.3%
165 / 155
165 / 22
BCC FUBA
59.75
8.00
646.9%
60 / 60
69 / 8
INDO CASTLE
21.96
2.95
644.4%
22 / 22
22 / 2
STC INDIA
1,105.80
149.25
640.9%
1,106 / 1,106
1,736 / 134
PARSOLI CAP.
203.30
28.10
623.5%
203 / 203
203 / 26
BIHAR SPONGE
53.80
7.57
610.7%
54 / 53
60 / 8
GUJ.MINERAL DEV.
517.90
72.91
610.3%
526 / 511
634 / 72
INDIACO VENTURES
585.25
83.15
603.8%
639 / 585
876 / 82
GEE LTD.
430.00
61.20
602.6%
430 / 410
449 / 60
ADHUNIK METALIKS
230.55
32.90
600.8%
231 / 222
232 / 31
SANRA SOFTWARE
108.45
15.54
597.9%
108 / 108
108 / 12
DECCAN GOLD MINES
101.70
14.61
596.1%
102 / 102
102 / 12
BALAJI DISTILLERIES
59.65
8.57
596.0%
60 / 58
60 / 8
SHYAM STAR G
116.00
16.77
591.7%
122 / 113
133 / 15
DEEP INDUSTRIES
238.05
34.55
589.0%
244 / 236
263 / 34
MOVING PICTURES
52.55
7.70
582.5%
53 / 53
53 / 6
LIBORD SECUR
20.03
2.94
581.3%
20 / 20
20 / 3
FERRO ALLOYS
42.80
6.29
580.4%
44 / 41
44 / 6
JINDAL STEEL
15,359.25
2,267.80
577.3%
15,600 / 15,231
16,590 / 2,002
IEC SOFTWARE
33.25
4.93
574.4%
33 / 33
33 / 4
DHAMPUR INV.
160.50
23.80
574.4%
165 / 152
198 / 23
MONOTONA EXP
150.35
22.32
573.6%
156 / 148
320 / 22
LYNX MACH.
284.40
42.60
567.6%
284 / 284
348 / 41
NAGARJUNA FERT.
81.15
12.68
540.0%
83 / 81
88 / 12
PREMIER LIMITED
210.85
33.15
536.0%
215 / 209
215 / 32
ISHWAR TEXTILES
223.00
35.15
534.4%
228 / 223
507 / 29
JAMNA AUTO
85.00
13.42
533.4%
85 / 80
90 / 13
IND. INFOLINE
1,927.90
305.40
531.3%
1,967 / 1,778
1,967 / 255
IKAB SEC.
50.75
8.07
528.9%
51 / 51
51 / 5
EMMSONS INT.
282.65
45.00
528.1%
283 / 283
283 / 38
STEWART&MECK
167.85
26.75
527.5%
168 / 155
179 / 26
SECUNDERABAD HEALTH
69.00
11.00
527.3%
69 / 69
77 / 11
ANJANI SYNT.
139.75
22.50
521.1%
140 / 133
140 / 18
MSP STEEL & POWER
76.75
12.37
520.5%
77 / 76
80 / 12
JAISAL SEC.
64.35
10.41
518.2%
64 / 64
64 / 10
ACCENTIA TECH
252.75
41.10
515.0%
253 / 245
266 / 40
NATIONAL MINERAL
13,824.65
2,250.00
514.4%
13,825 / 13,825
16,584 / 1,900
PRIME SECURITIES
300.35
49.15
511.1%
315 / 295
317 / 34
RUTTONSHA INT.
29.30
4.86
502.9%
29 / 29
36 / 5
PIONEER DIS.
107.60
17.90
501.1%
108 / 104
125 / 17
POLYMECH.MCH
25.23
4.21
499.3%
25 / 25
25 / 4
JAIHIND PROJ
223.90
37.50
497.1%
233 / 221
243 / 30
ESSAR OIL
325.50
54.55
496.7%
334 / 321
334 / 48
HIND.COPPER
516.40
86.80
494.9%
516 / 516
645 / 75
DB INT.ST.BR
127.65
21.50
493.7%
128 / 128
128 / 19
ROHIT PULP
47.80
8.09
490.9%
48 / 45
62 / 8
VINATI ORG.
128.55
22.01
484.1%
129 / 129
129 / 21
ADARSH PLANT
46.25
7.92
484.0%
49 / 46
61 / 7
KIDUJA IND.
302.45
52.30
478.3%
302 / 302
302 / 0
BANK OF RAJASTHAN
178.55
31.40
468.6%
183 / 177
200 / 26
ASSOC.STONE
183.30
32.35
466.6%
183 / 183
183 / 30
ACTION FIN.
33.10
5.90
461.0%
34 / 33
39 / 6
ARONI CHEM.
301.00
54.05
456.9%
301 / 301
368 / 47
NALWA SONS INV
1,885.55
338.60
456.9%
1,886 / 1,800
2,415 / 280
EXPO GAS CON
33.50
6.02
456.5%
34 / 33
47 / 5
TILAKNAG IND
272.95
49.20
454.8%
282 / 269
287 / 42
FIN.EYES(I)
162.60
29.35
454.0%
163 / 163
163 / 27
KRISHNA FILA
29.25
5.29
452.9%
29 / 29
29 / 5
MODERN INDIA
989.20
181.40
445.3%
1,005 / 910
1,195 / 111
PRUDENTL.PHA
50.70
9.32
444.0%
55 / 50
59 / 8
COMPACT DISC
73.05
13.43
443.9%
73 / 70
103 / 13
JAYBHARAT TEX
236.25
43.68
440.9%
241 / 225
241 / 42
KAVERI TELECOM
276.50
51.45
437.4%
277 / 274
277 / 44
SUGAL DAMANI
41.60
7.79
434.0%
42 / 42
42 / 7
SUBUTHI FINANCE
59.50
11.15
433.6%
62 / 57
101 / 8
BH.IMMUN&BIO
55.55
10.43
432.6%
56 / 56
56 / 9
KEYNOTE CORP
185.95
34.95
432.0%
186 / 184
239 / 31
MILLENNIUM B
57.65
10.85
431.3%
58 / 58
66 / 9
REL.CHEMOTX
100.85
19.05
429.4%
102 / 99
182 / 15
DIAMANT.CARB
153.95
29.25
426.3%
154 / 154
168 / 29
KJMC FIN.
51.05
9.76
423.1%
52 / 47
52 / 8
HASTI FINANC
36.95
7.08
421.9%
40 / 37
40 / 6
ETC NETWORKS
278.70
53.90
417.1%
279 / 279
279 / 45
More @ http://www.equitymaster.com/stockquotes/mkt-stats/result.asp?itemgroup=8&fromgroup=8&limit=0
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31 December 2007
Yearly Gainers -1: Equity Master
Top gainers over the year : BSE 'A' Group
COMPANY
PRICE ON Dec 31, 2007 (Rs)
PRICE ON Jan 01, 2007 (Rs)
% CHANGE
BSE-SENSEX
20,286.99
13,786.91
47.1%
20,484 / 20,240
20,498 / 12,316
S&P CNX NFTY
6,138.60
3,966.40
54.8%
6,168 / 6,095
6,185 / 3,555
REL NATURAL RESOURCE
182.35
22.20
721.4%
185 / 179
203 / 21
GUJ.MINERAL DEV.
517.90
72.91
610.3%
526 / 511
634 / 72
JINDAL STEEL
15,359.25
2,267.80
577.3%
15,600 / 15,231
16,590 / 2,002
ADANI EXPORT
1,148.90
228.05
403.8%
1,149 / 1,140
1,149 / 179
NEYVELI LIGNITE
257.05
56.35
356.2%
261 / 248
270 / 49
RELIANCE CAPITAL
2,589.35
606.40
327.0%
2,643 / 2,549
2,649 / 560
REL. ENERGY
2,134.60
519.75
310.7%
2,229 / 2,125
2,229 / 448
REL PETRO
223.20
62.95
254.6%
227 / 223
295 / 62
MRPL
136.15
40.80
233.7%
139 / 135
149 / 32
KOTAK BANK
1,296.20
399.40
224.5%
1,307 / 1,275
1,335 / 381
SAIL
284.35
89.20
218.8%
286 / 281
293 / 83
L&T
4,171.85
1,442.95
189.1%
4,219 / 4,155
4,670 / 1,375
ROLTA INDIA
714.70
253.25
182.2%
719 / 698
780 / 252
BALAJI TELEFILMS
354.85
126.85
179.7%
374 / 345
388 / 104
INDUSIND BANK
127.80
47.25
170.5%
132 / 127
136 / 37
LIC HOUSING
381.95
161.45
136.6%
387 / 368
403 / 128
CHAMBAL FERT
85.95
36.75
133.9%
88 / 85
94 / 30
DENA BANK
85.15
37.00
130.1%
86 / 84
95 / 29
NALCO
492.15
214.00
130.0%
510 / 485
510 / 200
BONGAIGAON R
106.95
46.70
129.0%
109 / 104
117 / 39
RELIANCE
2,881.05
1,270.35
126.8%
2,949 / 2,875
3,235 / 1,250
THOMAS COOK INDIA
113.70
52.12
118.2%
119 / 113
144 / 46
IDBI
165.30
76.30
116.6%
167 / 163
181 / 67
THERMAX LTD.
818.20
387.10
111.4%
859 / 814
968 / 341
FACT
46.95
22.50
108.7%
47 / 47
50 / 19
-------------------------------------------------------------------------
Source: http://www.equitymaster.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
COMPANY
PRICE ON Dec 31, 2007 (Rs)
PRICE ON Jan 01, 2007 (Rs)
% CHANGE
BSE-SENSEX
20,286.99
13,786.91
47.1%
20,484 / 20,240
20,498 / 12,316
S&P CNX NFTY
6,138.60
3,966.40
54.8%
6,168 / 6,095
6,185 / 3,555
REL NATURAL RESOURCE
182.35
22.20
721.4%
185 / 179
203 / 21
GUJ.MINERAL DEV.
517.90
72.91
610.3%
526 / 511
634 / 72
JINDAL STEEL
15,359.25
2,267.80
577.3%
15,600 / 15,231
16,590 / 2,002
ADANI EXPORT
1,148.90
228.05
403.8%
1,149 / 1,140
1,149 / 179
NEYVELI LIGNITE
257.05
56.35
356.2%
261 / 248
270 / 49
RELIANCE CAPITAL
2,589.35
606.40
327.0%
2,643 / 2,549
2,649 / 560
REL. ENERGY
2,134.60
519.75
310.7%
2,229 / 2,125
2,229 / 448
REL PETRO
223.20
62.95
254.6%
227 / 223
295 / 62
MRPL
136.15
40.80
233.7%
139 / 135
149 / 32
KOTAK BANK
1,296.20
399.40
224.5%
1,307 / 1,275
1,335 / 381
SAIL
284.35
89.20
218.8%
286 / 281
293 / 83
L&T
4,171.85
1,442.95
189.1%
4,219 / 4,155
4,670 / 1,375
ROLTA INDIA
714.70
253.25
182.2%
719 / 698
780 / 252
BALAJI TELEFILMS
354.85
126.85
179.7%
374 / 345
388 / 104
INDUSIND BANK
127.80
47.25
170.5%
132 / 127
136 / 37
LIC HOUSING
381.95
161.45
136.6%
387 / 368
403 / 128
CHAMBAL FERT
85.95
36.75
133.9%
88 / 85
94 / 30
DENA BANK
85.15
37.00
130.1%
86 / 84
95 / 29
NALCO
492.15
214.00
130.0%
510 / 485
510 / 200
BONGAIGAON R
106.95
46.70
129.0%
109 / 104
117 / 39
RELIANCE
2,881.05
1,270.35
126.8%
2,949 / 2,875
3,235 / 1,250
THOMAS COOK INDIA
113.70
52.12
118.2%
119 / 113
144 / 46
IDBI
165.30
76.30
116.6%
167 / 163
181 / 67
THERMAX LTD.
818.20
387.10
111.4%
859 / 814
968 / 341
FACT
46.95
22.50
108.7%
47 / 47
50 / 19
-------------------------------------------------------------------------
Source: http://www.equitymaster.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Crisil gives 4/5 rating to Rel Power IPO
Crisil gives 4/5 rating to Rel Power IPO
Rating agency Crisil has assigned an above average rating to the proposed initial public offering (IPO) of the Anil Ambani group firm Reliance Power that is estimated to raise up to $3 billion.
Crisil's 'four-on-five' grade indicates that the fundamentals of the issue are above average in relation to other listed equities in India."...strong demand for power will catalyse regulatory facilitation for private participation in the power sector over the medium- to long-term. In this scenario, early movers like Reliance Power will benefit from attractive business opportunities that are likely to come about as a result," Crisil said in a statement.
Reliance Power filed the draft prospectus for its IPO in the first week of October. The IPO is understood to have secured the nod of Securities and Exchange Board of India. The company proposes to issue 130 crore equity shares.Crisil grades IPOs on a scale of one to five.
Grade one indicates poor fundamentals, while five-on-five is given to an issue with strong fundamentals.The agency also said power generators in India will have to depend on state electricity boards for offtake over the short-to-medium term and their return will be subject to regulatory oversight in case of tariff-based projects.
Also, returns on the projects won through the competitive bidding route may not be substantially higher due to competition. Reliance Power has bagged two of the three ultra mega power projects awarded by the government so far.Besides Reliance, recent IPOs of software services firm Persistent Systems, steel pipe maker Precision Pipes and Profiles Company, and brokerage firm Edelweiss Capital have been assigned 'four-on-five' grade by Crisil.
Other BS Stories:
Sensex ends up 80pts, Bharti zooms 6%
Crisil gives 4/5 rating to Rel Power IPO
FIIs net buyers of Rs 516cr in cash market
Sebi waives MF entry loads from Jan 4
Maharashtra ups realty prices in reckoner
Sensex ends 2007 with gain of 47%
Tata Steel, SAIL to form JV for coal mining
Govt may ask GSM players to return spectrum
Current account deficit drops to $5.5bn
Govt cuts onion export price by $50/tn
Bloggers sign condolence book for Bhutto
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Rating agency Crisil has assigned an above average rating to the proposed initial public offering (IPO) of the Anil Ambani group firm Reliance Power that is estimated to raise up to $3 billion.
Crisil's 'four-on-five' grade indicates that the fundamentals of the issue are above average in relation to other listed equities in India."...strong demand for power will catalyse regulatory facilitation for private participation in the power sector over the medium- to long-term. In this scenario, early movers like Reliance Power will benefit from attractive business opportunities that are likely to come about as a result," Crisil said in a statement.
Reliance Power filed the draft prospectus for its IPO in the first week of October. The IPO is understood to have secured the nod of Securities and Exchange Board of India. The company proposes to issue 130 crore equity shares.Crisil grades IPOs on a scale of one to five.
Grade one indicates poor fundamentals, while five-on-five is given to an issue with strong fundamentals.The agency also said power generators in India will have to depend on state electricity boards for offtake over the short-to-medium term and their return will be subject to regulatory oversight in case of tariff-based projects.
Also, returns on the projects won through the competitive bidding route may not be substantially higher due to competition. Reliance Power has bagged two of the three ultra mega power projects awarded by the government so far.Besides Reliance, recent IPOs of software services firm Persistent Systems, steel pipe maker Precision Pipes and Profiles Company, and brokerage firm Edelweiss Capital have been assigned 'four-on-five' grade by Crisil.
Other BS Stories:
Sensex ends up 80pts, Bharti zooms 6%
Crisil gives 4/5 rating to Rel Power IPO
FIIs net buyers of Rs 516cr in cash market
Sebi waives MF entry loads from Jan 4
Maharashtra ups realty prices in reckoner
Sensex ends 2007 with gain of 47%
Tata Steel, SAIL to form JV for coal mining
Govt may ask GSM players to return spectrum
Current account deficit drops to $5.5bn
Govt cuts onion export price by $50/tn
Bloggers sign condolence book for Bhutto
Source: http://www.business-standard.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Mkts signs off Year 2007 on a firm note; Sify India
Mkts signs off Year 2007 on a firm note;
Sensex ends 80 pts up
The final trading session of Year 2007 got off on a firm note this morning. Though the undertone remained quite positive right through, stock prices moved in a tight range for a better part of the session today as global cues were mixed.
However, participants chose to take positions in select blue chip stocks today on expectations of strong quarterly numbers. Though some prominent large caps found the going tough, several mid and smallcap stocks had a highly profitable outing.
A few blue chip stocks, including heavyweights Infosys Technologies, HDFC, Wipro, State Bank of India, Reliance Industries and HDFC Bank were seen struggling for support during the closing minutes of trade today, but then, thanks to strong and sustainded buying in Bharti Airtel, NTPC, ITC, Reliance Communications, ONGC and a few other front line stocks, the Sensex managed to sign off the final session of Year 2007 on a positive note today.
From 13,786.91, its closing mark on December 29, 2006, the Sensex has risen to 20,286.99 this year, recording a massive surge of 6500 points or 47.15%. The Nifty has moved up to 6138.60 from 3966.40, netting a whopping gain of 2172.60 points or 54.78%.
While the Sensex, which opened at 20,323.28 and raced to a high of 20,484.28 in early trade, ended the session at 20,286.99 with a gain of 80.04 points or 0.4%, the Nifty, which touched a high of 6467.75 this morning, settled at 6138.60 with a gain of 0.97% or 58.90 points.
Telecom stock Bharti Airtel, which opened on an upbeat note, ended with a handsome gain of 5.75% at Rs 994.55. Reliance Communications, despite remaining relatively sedate, notched up a sharp gain of 1.9%.
NTPC (3.6%), Mahindra & Mahindra (3.2%), Ranbaxy Laboratories (2.5%), ITC (2.35%), ACC (1.6%) and Tata Motors (1.55%) also ended on a high note.
DLF ended nearly a per cent up. Hindalco, ONGC, Maruti Suzuki, Grasim Industries, Larsen & Toubro and ICICI Bank also ended with smart gains. Tata Steel and Tata Consultancy Services moved up by 0.4% and 0.35% respectively. Bajaj Auto and BHEL ended marginally higher than their previous closing levels.
HDFC, Ambuja Cements, Infosys Technologies and Cipla lost between 1% - 1.75%. Reliance Energy, which had a bright spell in the positive territory, failed to retain gains and ended with a sharp loss of 0.95%. Hindustan Unilever (down 0.95%), Wipro (down 0.9%), Reliance Industries (down 0.6%) and State Bank of India (down 0.55%) also finished on a weak note. HDFC Bank and Satyam Computer Services ended with small losses.
BPCL (up 10.45% to Rs 523.65) was the biggest gainer in the Nifty index. Tata Power and Idea Cellular moved up by 5.75% and 5.6% respectively. Zee Entertainment (4.2%), Cairn India (4%), GAIL India (2.55%), Dr. Reddy's Laboratories (2.45%) and VSNL (2.45%) also closed with handsome gains. Suzlon Energy, ABB, SAIL and Unitech gained 1% - 2%.
Nalco, Sterlite Industries, Punjab National Bank, Sun Pharmaceuticals and Hero Honda ended with sharp losses.
Essel Propack hit the 20% upper limit this afternoon and remained locked at that point till the end. Ramco Systems zoomed 14.75% to Rs 245.65. D-Link India, Century Enka, HMT, FDC, Mirc Electronics, Castrol India, Apollo Tyre, GTL, Indian Oil Corporation, Hindustan Petroleum Corporation, Canara Bank, Puravankara Projects, Edelweiss Capital, Escorts and Moser Baer also signed off on a high note.
Among midcap stocks, Himatsingka Seide shot up by 19.7%. BL Kashyap notched up a hefty gain of 16.1%. TV 18, IFCI (the stock topped the turnover chart today), GTL Infrastructure, Global Broadcast, Bilcare, Bata India, Monsanto, Ess Dee Aluminium, Castrol India, Sundaram Fasteners, India Infoline, Wire & Wireless, Patel Engineering, United Breweries, Godfrey Philips and Tube Investments were among the big gainers.
Smallcap stocks Parry Agro, GIC Housing, Vimta Labs, GATI, Suraj Diamond, Fairfield Atlas, Zodiac Clothing, Bajaj Electricals, Zenith Infotech, Suraj Stainless, Nitin Fire Protection Equipments, Heritage Foods, Navneet Publications, Omnitech, Natco Pharma, Bhagya International, Datamatics Technologies and Greenply Industries flared up.
eClerx Services made an impressive debut today. The stock, which opened at Rs 370, hit a high of Rs 467.50 in intra-day trades before settling down to close at Rs 448.40, up 42.35% over its IPO price of Rs 315. Around 9.32 million shares were transacted at the eClerx Services counter on the National Stock Exchange today.
The market breadth was very strong right through the day. Out of 2930 stocks traded on BSE, as many as 2551 stocks posted gains. 363 stocks ended in the negative territory and 16 stocks finished at their previous closing levels.
However, it turned out to be weak first outing for Brigade Enterprises. After opening at Rs 430, well past the issue price of Rs 390, the stock rose to Rs 489.90, only to decline sharply and touch a low of Rs 355.15. Though it found support at lower levels and edged up to close at Rs 379.90, the stock still recorded a sharp loss of 2.55% today.
Sensex ends 2007 with gain of 47%
Year 2007 ends on optimistic note, Sensex
--------------------------------------------------------
Other Sify Stories
Lanco Infra bags order from AP
NTPC plans major investments
Which will be the high-flying sectors of `08?
M-cap hits Rs 70 lakh crore in 2007
BSE sees fastest Sensex rally since 2003
Oil majors to buy into Reliance's East Timor block
External Debt at $190.5 b by September end
Koutons Retail acquires DBG Retail Holdings
Idea Cellular Q3 results on Jan 19
Indiabulls gains on insurance joint venture
Technology sector outlook bullish
Source: http://www.sify.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Sensex ends 80 pts up
The final trading session of Year 2007 got off on a firm note this morning. Though the undertone remained quite positive right through, stock prices moved in a tight range for a better part of the session today as global cues were mixed.
However, participants chose to take positions in select blue chip stocks today on expectations of strong quarterly numbers. Though some prominent large caps found the going tough, several mid and smallcap stocks had a highly profitable outing.
A few blue chip stocks, including heavyweights Infosys Technologies, HDFC, Wipro, State Bank of India, Reliance Industries and HDFC Bank were seen struggling for support during the closing minutes of trade today, but then, thanks to strong and sustainded buying in Bharti Airtel, NTPC, ITC, Reliance Communications, ONGC and a few other front line stocks, the Sensex managed to sign off the final session of Year 2007 on a positive note today.
From 13,786.91, its closing mark on December 29, 2006, the Sensex has risen to 20,286.99 this year, recording a massive surge of 6500 points or 47.15%. The Nifty has moved up to 6138.60 from 3966.40, netting a whopping gain of 2172.60 points or 54.78%.
While the Sensex, which opened at 20,323.28 and raced to a high of 20,484.28 in early trade, ended the session at 20,286.99 with a gain of 80.04 points or 0.4%, the Nifty, which touched a high of 6467.75 this morning, settled at 6138.60 with a gain of 0.97% or 58.90 points.
Telecom stock Bharti Airtel, which opened on an upbeat note, ended with a handsome gain of 5.75% at Rs 994.55. Reliance Communications, despite remaining relatively sedate, notched up a sharp gain of 1.9%.
NTPC (3.6%), Mahindra & Mahindra (3.2%), Ranbaxy Laboratories (2.5%), ITC (2.35%), ACC (1.6%) and Tata Motors (1.55%) also ended on a high note.
DLF ended nearly a per cent up. Hindalco, ONGC, Maruti Suzuki, Grasim Industries, Larsen & Toubro and ICICI Bank also ended with smart gains. Tata Steel and Tata Consultancy Services moved up by 0.4% and 0.35% respectively. Bajaj Auto and BHEL ended marginally higher than their previous closing levels.
HDFC, Ambuja Cements, Infosys Technologies and Cipla lost between 1% - 1.75%. Reliance Energy, which had a bright spell in the positive territory, failed to retain gains and ended with a sharp loss of 0.95%. Hindustan Unilever (down 0.95%), Wipro (down 0.9%), Reliance Industries (down 0.6%) and State Bank of India (down 0.55%) also finished on a weak note. HDFC Bank and Satyam Computer Services ended with small losses.
BPCL (up 10.45% to Rs 523.65) was the biggest gainer in the Nifty index. Tata Power and Idea Cellular moved up by 5.75% and 5.6% respectively. Zee Entertainment (4.2%), Cairn India (4%), GAIL India (2.55%), Dr. Reddy's Laboratories (2.45%) and VSNL (2.45%) also closed with handsome gains. Suzlon Energy, ABB, SAIL and Unitech gained 1% - 2%.
Nalco, Sterlite Industries, Punjab National Bank, Sun Pharmaceuticals and Hero Honda ended with sharp losses.
Essel Propack hit the 20% upper limit this afternoon and remained locked at that point till the end. Ramco Systems zoomed 14.75% to Rs 245.65. D-Link India, Century Enka, HMT, FDC, Mirc Electronics, Castrol India, Apollo Tyre, GTL, Indian Oil Corporation, Hindustan Petroleum Corporation, Canara Bank, Puravankara Projects, Edelweiss Capital, Escorts and Moser Baer also signed off on a high note.
Among midcap stocks, Himatsingka Seide shot up by 19.7%. BL Kashyap notched up a hefty gain of 16.1%. TV 18, IFCI (the stock topped the turnover chart today), GTL Infrastructure, Global Broadcast, Bilcare, Bata India, Monsanto, Ess Dee Aluminium, Castrol India, Sundaram Fasteners, India Infoline, Wire & Wireless, Patel Engineering, United Breweries, Godfrey Philips and Tube Investments were among the big gainers.
Smallcap stocks Parry Agro, GIC Housing, Vimta Labs, GATI, Suraj Diamond, Fairfield Atlas, Zodiac Clothing, Bajaj Electricals, Zenith Infotech, Suraj Stainless, Nitin Fire Protection Equipments, Heritage Foods, Navneet Publications, Omnitech, Natco Pharma, Bhagya International, Datamatics Technologies and Greenply Industries flared up.
eClerx Services made an impressive debut today. The stock, which opened at Rs 370, hit a high of Rs 467.50 in intra-day trades before settling down to close at Rs 448.40, up 42.35% over its IPO price of Rs 315. Around 9.32 million shares were transacted at the eClerx Services counter on the National Stock Exchange today.
The market breadth was very strong right through the day. Out of 2930 stocks traded on BSE, as many as 2551 stocks posted gains. 363 stocks ended in the negative territory and 16 stocks finished at their previous closing levels.
However, it turned out to be weak first outing for Brigade Enterprises. After opening at Rs 430, well past the issue price of Rs 390, the stock rose to Rs 489.90, only to decline sharply and touch a low of Rs 355.15. Though it found support at lower levels and edged up to close at Rs 379.90, the stock still recorded a sharp loss of 2.55% today.
Sensex ends 2007 with gain of 47%
Year 2007 ends on optimistic note, Sensex
--------------------------------------------------------
Other Sify Stories
Lanco Infra bags order from AP
NTPC plans major investments
Which will be the high-flying sectors of `08?
M-cap hits Rs 70 lakh crore in 2007
BSE sees fastest Sensex rally since 2003
Oil majors to buy into Reliance's East Timor block
External Debt at $190.5 b by September end
Koutons Retail acquires DBG Retail Holdings
Idea Cellular Q3 results on Jan 19
Indiabulls gains on insurance joint venture
Technology sector outlook bullish
Source: http://www.sify.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
30 December 2007
ET Top Stories
http://economictimes.indiatimes.com/
Predictions & tips for '08
Emerging sectors lure away executives from IT sector
India Inc to face retention issues in 2008
Bollywood rakes in Rs 4 bn profit in 2007
Tata wants to retire after Rs one-lakh car launch
Shemaroo inks $6.6 mn satellite deal with Zee TV
Starbucks products enter India through tie-up with PVR
Forex reserves to touch $300 bn in '08
Gini & Jony mulls IPO to raise funds
Metal, energy, engg gainers in '07
Mkts likely to scale new peaks in '08
Fortune 500 cos hiring tech-savvy, hybrid marketers
Sun Direct, 5 new channels mark the year 2007 in TN
Markets didn't disappoint investors in 2007
Metal, energy, engineering shares dazzle in 2007
IIM-A once again: Sunday ET B-School survey
Who's hot & not: Captains of Indian industry speak
Captains of industry vote for infrastructure, retail and telecom
What will be interest rate outlook in 2008?
Mutual fund performance
When the debt market made hay
New fund offers in 2008
Modes of issuance of shares
Know the options available for investors in MFs
Source: www.theeconomictimes.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Predictions & tips for '08
Emerging sectors lure away executives from IT sector
India Inc to face retention issues in 2008
Bollywood rakes in Rs 4 bn profit in 2007
Tata wants to retire after Rs one-lakh car launch
Shemaroo inks $6.6 mn satellite deal with Zee TV
Starbucks products enter India through tie-up with PVR
Forex reserves to touch $300 bn in '08
Gini & Jony mulls IPO to raise funds
Metal, energy, engg gainers in '07
Mkts likely to scale new peaks in '08
Fortune 500 cos hiring tech-savvy, hybrid marketers
Sun Direct, 5 new channels mark the year 2007 in TN
Markets didn't disappoint investors in 2007
Metal, energy, engineering shares dazzle in 2007
IIM-A once again: Sunday ET B-School survey
Who's hot & not: Captains of Indian industry speak
Captains of industry vote for infrastructure, retail and telecom
What will be interest rate outlook in 2008?
Mutual fund performance
When the debt market made hay
New fund offers in 2008
Modes of issuance of shares
Know the options available for investors in MFs
Source: www.theeconomictimes.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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Current Vacancies:
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Investment Research duties include:
Write investment research reports
Build and maintain sophisticated models to forecast financial results of international companies
Persuasively articulate investment ideas to clients
Undertake special projects requiring Internet and screen-based research
Quantitative Research
In addition, we have openings for Quantitative Analysts / AVPs who have specific skills/aptitude for computer programming, statistical analysis and mathematical modeling areas. For such people knowledge and qualifications in financial field is not mandatory but preferable.
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Company Requirement:Only exceptional candidates with demonstrated initiatives, positive attitude, drive to grow and academic accomplishments are advised to apply. Only short-listed applicants will be notified and called for interview at time of mutual convenience and at our expense.
Kindly include details of your academic qualifications and performance, location preference, detailed career objectives and current compensation along with two relevant references and details of valid passports. Please quote the relevant position codes on the subject heading of your email and submit your applications to careers@axisholdings.inFor Position vacant code and other details visit:http://www.axisholdings.in/careers.htm
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Company:Lanxess ABS Ltd.
Industry:Petrochem - Polymers
Target Price:Rs. 300.00PE Ratio:13.11
Recommendation:Outperformer
More about @ Lanxess ABS Ltd. Stock Analysis
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Parsvnath Developers Ltd-Stock Analysis
Company:Parsvnath Developers Ltd.
Industry:Real Estate (Diversified)
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Listed are some of the companies which promise to make it big in the next year and also in the years to come.These companies are selected purely on basis of fundamentals,the efficiency of the management and the potential the sector holds.These companies will typically suit long term investors who look for big capital gains in the long term.
The big 5 companies in my opinion are:
Multibagger Stock Picks for 2008
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Company:Axon Infotech Ltd.
Industry:Computers - Software
Recommendation:Performer
12 Month Target price:Rs. 100
More @ Axon Infotech Ltd.
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Company:Kolte-Patil Developers Ltd.
Industry:Construction and Contracting - Real Estate
Recommendation:Outperformer
12 month Target Price:Rs. 400.00
More @ Kolte-Patil Developers Ltd Stock Analysis
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Source: http://www.kpowave.blogspot.com and authors other web sources. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Current Vacancies:
1)Investment research2)Quantitative research
Investment Research duties include:
Write investment research reports
Build and maintain sophisticated models to forecast financial results of international companies
Persuasively articulate investment ideas to clients
Undertake special projects requiring Internet and screen-based research
Quantitative Research
In addition, we have openings for Quantitative Analysts / AVPs who have specific skills/aptitude for computer programming, statistical analysis and mathematical modeling areas. For such people knowledge and qualifications in financial field is not mandatory but preferable.
More @ Amba Research-Investment Analyst Openings
---------------------------------------------------------------------------------
Company:Axis Holdings Pvt. Ltd.
Company Requirement:Only exceptional candidates with demonstrated initiatives, positive attitude, drive to grow and academic accomplishments are advised to apply. Only short-listed applicants will be notified and called for interview at time of mutual convenience and at our expense.
Kindly include details of your academic qualifications and performance, location preference, detailed career objectives and current compensation along with two relevant references and details of valid passports. Please quote the relevant position codes on the subject heading of your email and submit your applications to careers@axisholdings.inFor Position vacant code and other details visit:http://www.axisholdings.in/careers.htm
More @ Axis Holdings Pvt. Ltd. Investment Analyst Openings
-------------------------------------------------------------------
Company:Lanxess ABS Ltd.
Industry:Petrochem - Polymers
Target Price:Rs. 300.00PE Ratio:13.11
Recommendation:Outperformer
More about @ Lanxess ABS Ltd. Stock Analysis
------------------------------------------------------------------
Parsvnath Developers Ltd-Stock Analysis
Company:Parsvnath Developers Ltd.
Industry:Real Estate (Diversified)
More Parsvnath Developers Ltd-Stock Analysis
------------------------------------------------------------------
Listed are some of the companies which promise to make it big in the next year and also in the years to come.These companies are selected purely on basis of fundamentals,the efficiency of the management and the potential the sector holds.These companies will typically suit long term investors who look for big capital gains in the long term.
The big 5 companies in my opinion are:
Multibagger Stock Picks for 2008
--------------------------------------------------------------------
Company:Axon Infotech Ltd.
Industry:Computers - Software
Recommendation:Performer
12 Month Target price:Rs. 100
More @ Axon Infotech Ltd.
---------------------------------------------------------------------
Company:Kolte-Patil Developers Ltd.
Industry:Construction and Contracting - Real Estate
Recommendation:Outperformer
12 month Target Price:Rs. 400.00
More @ Kolte-Patil Developers Ltd Stock Analysis
------------------------------------------------------------------------
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Gandhi Special Tubes, Mannapuram Finance
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Weekly Technicals
Canara Bank
BFSI - Brokerages
PSL
IPO Performance - 2004 to 2007
Say Cheese - Ajit Dayal - Equitymaster
Savera Industries
Long term investors can continue to buy on correction
Bullish outlook on the market
Market may hit new highs
Punj LLoyd
ENIL
Amtek Auto
HCL Infosystems
Gujarat Apollo Industries: Hold
2007...Textile Industry
2007..Highlights of ‘Food Sector’
2007...Steel production expected to touch 55.5 mn tons in FY08
2007…Unprecedented growth of ‘Telecom Sector’
2007...Policies boost investment in Petrochemicals
DLF - second most valued private firm in India
Source: Above site. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Stock Picks for 2008
Gandhi Special Tubes, Mannapuram Finance
Mahindra and Mahindra
Weekly Technicals
Canara Bank
BFSI - Brokerages
PSL
IPO Performance - 2004 to 2007
Say Cheese - Ajit Dayal - Equitymaster
Savera Industries
Long term investors can continue to buy on correction
Bullish outlook on the market
Market may hit new highs
Punj LLoyd
ENIL
Amtek Auto
HCL Infosystems
Gujarat Apollo Industries: Hold
2007...Textile Industry
2007..Highlights of ‘Food Sector’
2007...Steel production expected to touch 55.5 mn tons in FY08
2007…Unprecedented growth of ‘Telecom Sector’
2007...Policies boost investment in Petrochemicals
DLF - second most valued private firm in India
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Whos hot and not: Captains of Indian industry speak : ET
Who's hot & not: Captains of Indian industry speak
As 2007 comes to a close, India Inc wants to close all the chapters that were opened through the year. It, however, doesn’t want to forget the message each chapter held for it. But carry it to the New Year. SundayET commissioned a survey to global research firm, Synovate, to take a peek into the mind of corporate India. And corporate captains impressively turned out to be more global than the Indian themselves.
Infrastructure and education are the two big issues that majority of CEOs are willing to put their wager on. As many as 45% of Indian CEOs reckon infrastructure will be by far the biggest sector to watch out for in 2007 followed by retail (19%). IT & telecom remain the third big sector in the coming year with 14% CEOs voting for it. Much of this is backed by a full-blown debate raging over the inevitability of the sector for a speedier economic and industrial growth and the retail boom resonating all around. There’s an increasing feeling amongst all industry captains in India and abroad that opportunities the country offers within infrastructure and its allied sectors such as energy, software and telecommunications, are tremendous. Education and media & entertainment are others crucial sectors that cross the mind of 8% CEOs each.
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Infrastructure may be an issue more specific to India, but Indian CEOs sound unison with their global counterparts in their concern for global warming and M&A, private equity, e-governance and other such issues. A 33% of CEOs polled cite global warming as the biggest concern in 2007 — in line with the global sentiments. Rest of the CEOs were clearly divided in their assessment of the biggest concern during the coming year with 19% and 18% noting inflation and fall of the UPA government as the biggest concern for 2007, respectively.
Others feel terrorism, talent crunch and natural calamities could also spoil the party for India Inc. Interestingly, most of the 125 corporate chiefs seemed to keep a wary eye on the political saga that might unfold during the year. This could be in the wake of ongoing differences amongst the biggest UPA allies — Congress and CPM — over the Indo-US nuclear deal. As many as 72% CEOs believe General Elections would be ushered in earlier than its scheduled 2009.
While 10% expect the election to be held early 2008, 30% and 32% feel they will happen in mid and late next year, respectively. Little wonder then 36% of the business leaders expect General Elections to be the biggest event to look out for in 2008. There were other 26% who feel that the launch of Tata’s one lakh car would be the big event and another 22% who point at Indo-US deal to be the landmark event for the next year. There’s a good news for the business environment in the country if CEO assessments are anything to go by. A buoyant stockmarket seems to have raised hopes amongst them. An overwhelming majority (55%) of the CEOs polled feel the Sensex will hover within 20,000-30,000 range, though there’s a small overzealous section (11%) that feels it could pierce 30,000 mark. The rest paint a more modest scenario with 29% CEOs saying the Sensex would remain within the 10,000-20,000 range.
Real estate and stocks remain the top choice for a significant sections of respondents. While 48% CEOs voted for the former as the best bet for investment in 2008, 23% said it would be stocks. Mutual fund has reasonable believers with 15% people calling it a good bet in 2008. FDI, joint ventures and M&As will continue to be hot currency in 2008, pretty much as in the current year. Almost 22% of CEOs believe FDI will maintain its momentum, 19% say M&As will remain in the news. Much of this sense may have come from big ticket M&As that have hit the headlines in the current year and the manner in which India Inc has pulled off some high profile acquisitions on the global platform. The trend is far from over for most CEOs polled.
However, amidst this exuberance, there’s a significant section which believes e-governance (17%) and inclusive growth (10%) will be hotly debated currency in 2008. The expectations from the Union Budget 2008 evoked a varied response from the CEOs whose biggest expectations ranged from higher allocations for health and education (30%) to exemption in income tax (29%). There are evenly divided groups that has sops for exports and lower duties as the biggest expectations from the government in 2008. While the bunch of CEOs contacted may have been divided on their expectations from the Budget, there was a clear tilt towards Reliance Industries as the company to watch out for in 2008. While as many as 43% of corporate heads polled Reliance Industries as the company to watch out for, 53% believe that Mukesh Ambani could be the businessman of 2008 followed by 26% for Ratan Tata.
Reliance Communications and Tata Motors followed as the second and third in companies to watch out for list. The skew in the survey begins to stand out as the question moves out of the business domain. An overwhelming majority (58%) of the CEOs polled feel Rahul Gandhi will be the newsmaker of 2008 followed by 29% for M S Dhoni. However, when the query focused on sports alone, Dhoni ruled amongst the CEOs. As many as 66% bet on him as the sportsperson to watch out for in the coming year. And that says a lot about popularity of cricket amongst the CEOs, although it’s golf that is strongly associated with them.
Source: www.theeconomictimes.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
As 2007 comes to a close, India Inc wants to close all the chapters that were opened through the year. It, however, doesn’t want to forget the message each chapter held for it. But carry it to the New Year. SundayET commissioned a survey to global research firm, Synovate, to take a peek into the mind of corporate India. And corporate captains impressively turned out to be more global than the Indian themselves.
Infrastructure and education are the two big issues that majority of CEOs are willing to put their wager on. As many as 45% of Indian CEOs reckon infrastructure will be by far the biggest sector to watch out for in 2007 followed by retail (19%). IT & telecom remain the third big sector in the coming year with 14% CEOs voting for it. Much of this is backed by a full-blown debate raging over the inevitability of the sector for a speedier economic and industrial growth and the retail boom resonating all around. There’s an increasing feeling amongst all industry captains in India and abroad that opportunities the country offers within infrastructure and its allied sectors such as energy, software and telecommunications, are tremendous. Education and media & entertainment are others crucial sectors that cross the mind of 8% CEOs each.
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Infrastructure may be an issue more specific to India, but Indian CEOs sound unison with their global counterparts in their concern for global warming and M&A, private equity, e-governance and other such issues. A 33% of CEOs polled cite global warming as the biggest concern in 2007 — in line with the global sentiments. Rest of the CEOs were clearly divided in their assessment of the biggest concern during the coming year with 19% and 18% noting inflation and fall of the UPA government as the biggest concern for 2007, respectively.
Others feel terrorism, talent crunch and natural calamities could also spoil the party for India Inc. Interestingly, most of the 125 corporate chiefs seemed to keep a wary eye on the political saga that might unfold during the year. This could be in the wake of ongoing differences amongst the biggest UPA allies — Congress and CPM — over the Indo-US nuclear deal. As many as 72% CEOs believe General Elections would be ushered in earlier than its scheduled 2009.
While 10% expect the election to be held early 2008, 30% and 32% feel they will happen in mid and late next year, respectively. Little wonder then 36% of the business leaders expect General Elections to be the biggest event to look out for in 2008. There were other 26% who feel that the launch of Tata’s one lakh car would be the big event and another 22% who point at Indo-US deal to be the landmark event for the next year. There’s a good news for the business environment in the country if CEO assessments are anything to go by. A buoyant stockmarket seems to have raised hopes amongst them. An overwhelming majority (55%) of the CEOs polled feel the Sensex will hover within 20,000-30,000 range, though there’s a small overzealous section (11%) that feels it could pierce 30,000 mark. The rest paint a more modest scenario with 29% CEOs saying the Sensex would remain within the 10,000-20,000 range.
Real estate and stocks remain the top choice for a significant sections of respondents. While 48% CEOs voted for the former as the best bet for investment in 2008, 23% said it would be stocks. Mutual fund has reasonable believers with 15% people calling it a good bet in 2008. FDI, joint ventures and M&As will continue to be hot currency in 2008, pretty much as in the current year. Almost 22% of CEOs believe FDI will maintain its momentum, 19% say M&As will remain in the news. Much of this sense may have come from big ticket M&As that have hit the headlines in the current year and the manner in which India Inc has pulled off some high profile acquisitions on the global platform. The trend is far from over for most CEOs polled.
However, amidst this exuberance, there’s a significant section which believes e-governance (17%) and inclusive growth (10%) will be hotly debated currency in 2008. The expectations from the Union Budget 2008 evoked a varied response from the CEOs whose biggest expectations ranged from higher allocations for health and education (30%) to exemption in income tax (29%). There are evenly divided groups that has sops for exports and lower duties as the biggest expectations from the government in 2008. While the bunch of CEOs contacted may have been divided on their expectations from the Budget, there was a clear tilt towards Reliance Industries as the company to watch out for in 2008. While as many as 43% of corporate heads polled Reliance Industries as the company to watch out for, 53% believe that Mukesh Ambani could be the businessman of 2008 followed by 26% for Ratan Tata.
Reliance Communications and Tata Motors followed as the second and third in companies to watch out for list. The skew in the survey begins to stand out as the question moves out of the business domain. An overwhelming majority (58%) of the CEOs polled feel Rahul Gandhi will be the newsmaker of 2008 followed by 29% for M S Dhoni. However, when the query focused on sports alone, Dhoni ruled amongst the CEOs. As many as 66% bet on him as the sportsperson to watch out for in the coming year. And that says a lot about popularity of cricket amongst the CEOs, although it’s golf that is strongly associated with them.
Source: www.theeconomictimes.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Movers and Shakers 2008 : ET
Rahul Gandhi The Congress' rout in UP has made Gandhi Jr a more determined person. Shedding his inhibitions in formally taking up party responsibilities, Rahul Gandhi finally agreed to be a general secretary of the party in-charge of frontal organisations like NSUI and Youth Congress. For Congressmen, he is not just another promising young face, but the future leader and contender for the country's top political post.
Mukesh Ambani Will he, won't he? Bagging The Economic Times Business Leader of the Year Award for bouncing back from the family split to drive his company on a bold new growth path, Mukesh Ambani has wealth valued at $49 billion, making him the second richest Indian behind steel tycoon Lakshmi Mittal. In 2008, the country’s premier industrialist will be seen directing his sprawling business operations that include petrochemicals, oil refining, textiles, retail, and biotechnology, to more dizzying highs....
More about this article
Movers & Shakers 2008
Check out the next movers and shakers
Source: www.theeconomictimes.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Mukesh Ambani Will he, won't he? Bagging The Economic Times Business Leader of the Year Award for bouncing back from the family split to drive his company on a bold new growth path, Mukesh Ambani has wealth valued at $49 billion, making him the second richest Indian behind steel tycoon Lakshmi Mittal. In 2008, the country’s premier industrialist will be seen directing his sprawling business operations that include petrochemicals, oil refining, textiles, retail, and biotechnology, to more dizzying highs....
More about this article
Movers & Shakers 2008
Check out the next movers and shakers
Source: www.theeconomictimes.com. 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. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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