Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

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.

09 January 2008

Deadpresident Blog stories and Job alerts etc

http://deadpresident.blogspot.com

Post Session Market Commentary
Tulip IT Services
Prakash Industries
PNB

Patel Engineering
Orient Paper and Industries
Goldman Sachs - Recession in 2008
Market Close: Correction or consolidation ?

Smart Picks 2008
Future Capital Holdings, Reliance Power Grey Market Premiums
Post Market Commentary
Sensex ends flat amidst volatility

Tata Motors - 1L Car - Are you ready ?
Reliance Power IPO Analysis
HDIL, Panacea Biotec, Karuturi Networks
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http://www.kpowave.blogspot.com

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Enam Securities Investment Banking Job Opening
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Source: Above sites.. 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.

Myiris, Moneycontrol Articles

Myiris.com

Brokers` outlook: Market likely to stabilize in few sessions
Mastek PAT rises 31% on better margins (Update)
Surana Industries to acquire PT Agate Resources for Rs 400 mn
Atlanta bags Rs 629.80 mn order

FIIs can now buy upto 74% in Gujarat NRE
Sayaji Hotels Q3 net jumps 2.71 times
Shrenuj acquires DTC`s Arisia Solitaire brand
IQMS completes 51% acquisition of Tractel Solutions, USA

Karuturi Networks board to consider stock split
Suzlon Energy receives order for 100 MW capacity
NDTV may sell stake in subsidiary to NBC
Gokaldas Exports targets smaller cities

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Moneycontrol.com

See more correction in midcaps: IL&FS
Hopes of better earnings trigger midcap IT rally
Era Infra eyes Rs 7-8cr revs from wind pwr
Earnings to be +ve but less spectacular: JP Morgan AMC

Unitech plans largest ever fund raising via QIP: Srcs
Tata's Rs 1 lakh car to be called Jeh
25 bps Fed rate cut likely: Saxo Bank
Buy Micro Technologies, tgt Rs 442: HEM Sec

SAIL adds 9 lakh shares in open interest
KEI Ind looking at buyouts in transformer segment

Source: www.moneycontrol.com and www.myiris.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.

Results : Axis, South Indian Bank, Mastek, iGate Etc

Axis Bank Q3 net profit up 66% at Rs 307 cr

Private lender Axis Bank on Wednesday reported 66.20 per cent increase in net profit at Rs 306.83 crore for the quarter ended December 31, 2007 as compared to Rs 184.61 crore for the same quarter in the previous fiscal.

Axis Bank Q3 net up 66.2% at Rs 747.3 cr
9th-Jan-2008

Axis Bank in Q3 FY08 has reported standalone net profit of Rs 306.83 crore versus Rs 184.61 crore, a jump of 66.2% on YoY basis. During the same period, its NII was up 79.7% at Rs 747.3 crore versus Rs 415.8 crore, YoY

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Mastek Q2 net profit up 10.5% at Rs 18.72 cr

Mastek reported a jump of 10.5 per cent in net profit at Rs 18.72 crore for the second quarter ended December as compared with Rs 16.94 in the same quarter a year ago.

Mastek Q2 net profit up at Rs 27.1 cr
9th-Jan-2008

Mastek reported Q2 FY08 consolidated net profit of Rs 27.1 cr versus Rs 25.1 crore on QoQ basis. During the same
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Sayaji Hotels Q3 net profit up 171 %

Sayaji Hotels posted 171.10 per cent rise in net profit for October-December quarter to Rs 1.6 crore against Rs 62.3 lakh in the same period a year ago.

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South India Bk Q3 net profit up at Rs 40.7 cr
9th-Jan-2008

South Indian Bank announced its Q3 FY08 result. The bank in Q3 has announced net profit of Rs 40.7 cr vs Rs 24.8 cr, YoY basis. Its Q3 Net interest income was at Rs 97 cr vs Rs 88.4 cr, YoY.

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iGate Soln Q3 net profit at Rs 29 cr
9th-Jan-2008

iGate Solutions has announced its third quarter results. The company has posted net profit of Rs 29 crore for the quarter ended December 2007 as against Rs 22.9 crore in previous quarter on the revenues of Rs 209.3 crore versus Rs 200.8 crore.

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Results on 10.01.2008

Results Calender

Guj Hotels 10-Jan-08

Harita Seating 10-Jan-08

Jaypee Hotels 10-Jan-08

Motilal Oswal F 10-Jan-08

R M Mohitex 10-Jan-08

Rajesh Exports 10-Jan-08

Solar Explosive 10-Jan-08

Supreme Petro 10-Jan-08

TOURISM FIN 10-Jan-2008

For more:
http://www.myiris.com/shares/resultWatch/resCalShow.php?ord=
or
http://indiaearnings.moneycontrol.com/sub_india/results_calender.php
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Source: www.indiaearnings.com and www.myiris.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 retreats after hitting a new high, ends flat: Sify

Sensex retreats after hitting a new high, ends flat
Sensex ends flat in volatile trade
India's Sensex Ends Little Changed;

NSE 6272.00 -15.85
BSE 20869.78 -3.55

After a positive start and a subsequent fall from higher levels, the Sensex rebounded into the positive territory and ran up sharply in afternoon trade to hit a new all-time high past 21,100. Stocks, led by housing finance major HDFC, power and information technology majors rallied smartly on strong buying support. The Nifty too appeared well on course to hit a new high.
As participants, who remained highly cautious till around noon, turned aggressive and started lapping up stocks, it looked as if the indices would sign off on a highly positive note. However, a heavy bout of selling pressure that erupted in the final hour of trade wiped off a substantial portion of gains posted by a few front line stocks and resulted in the premier indices settling down in the red.

The Sensex, which had hit a low of 20,701.49 this morning but posted a new high of 21,113.13 in afternoon trade, ended the session with a loss of 3.55 points at 20,869.78. The Nifty closed with a loss of 15.85 points or 0.25% at 6272. In intra-day trades today, the Nifty touched a high 6338.30.

Auto, capital goods, healthcare, oil, metal and PSU stocks finished on a weak note. Select information technology, power and realty stocks made smart progress. Mid and smallcap stocks, which staged a splendid rally around mid aftenoon, lost steam as the session progressed and drifted lower in the end.

NTPC (4.5%), HDFC (3.6%), DLF (1.6%), Grasim Industries (1.5%), Hindalco (1.7%), HDFC Bank (1.7%), Reliance Communications (2.05%) and Reliance Energy (1.2%) ended with sharp gains. Ambuja Cements ended marginally higher than its previous closing price.

IT bellwether Infosys Technologies, which had a bright spell in the positive territory today, ended with a sharp loss of 0.4%. However, the other three IT stocks in the Sensex, Satyam Computer Services, Tata Consultancy Services and Wipro, finished with modest gains.

Mahindra & Mahindra (down 2.65%) was the most prominent loser in the Sensex today. ACC, BHEL, ITC, ICICI Bank, Maruti Suzuki, ONGC and Ranbaxy Laboratories eased by 1% - 2%. Reliance Industries slipped by around 0.6%. Tata Motors lost 0.45%. Tata Steel, State Bank of India, Bharti Airtel, Larsen & Toubro, Hindustan Unilever, Cipla and Bajaj Auto also ended in the negative territory, albeit with marginal losses.

Oil stocks Reliance Petroleum and BPCL went down sharply, losing 5.95% and 5.7% respectively from their previous closing levels. Punjab National Bank, Unitech and Suzlon Energy lost 1.5% - 2%. GAIL India, Dr. Reddy's Laboratories, Sun Pharmaceuticals, SAIL, Zee Entertainment, Nalco and Hero Honda also closed on a weak note. GlaxoSmithKline Pharma, Siemens and Cairn India ended with sharp gains.

The market breadth remained weak right through the session today. Out of 2912 stocks traded on BSE, only 766 stocks managed to romp home on a winning note. 2128 stocks ended in the negative territory and 18 stocks finished at their previous closing levels.

Other Sify.com stories

Surana Ind to invest Rs 1500 cr
Axis Bank Q3 net profit up 66%
Tata's 'People's Car' to be unveiled Thursday
Bharti adds 2.2 m mobile users in Dec

3i Infotech climbs on buyout report
TRF gets Rs 96.16 cr order from Tata Projects
Emco up on stock split plan
SpiceJet soars on Anil buyout buzz

Source: http://www.sify.com/finance . 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.

08 January 2008

Results: Prism, Shree Cement, Patel Engg Etc

Myiris.com

Sree Rayalaseema Alkalies`net up 32.72% in Dec`07 qtr

Prism Cement net up 28.67% for Dec`07 qtr

Hyderabad-based cement maker Prism Cement (Q, N,C,F)* reported 28.67% growth in net profit to Rs 644.50 million for the latest quarter ended December 2007 as compared with Rs 500.90 million in the corresponding quarter, last fiscal.Net sales for the quarter increased 20.05% to Rs 2,281.10 million as against Rs 1,900.10 million for the same quarter, a year ago.
Total income for the latest quarter rose 21.79% to Rs 2,321.80 million from Rs 1,906.40 million for the corresponding quarter, last year.

The earnings per share (EPS) of the company rose 28.57% to Rs 2.16 for the quarter ended December 2007.Shares of the company gained Rs 1.35, or 1.8%, to trade at Rs 76.2. The total volume of shares traded was 688,228 at the BSE. (12.07 p.m., Tuesday).

Patel Engineering net up 20.10% in Dec`07 qtr

Patel Engineering registered a 20.10% rise in net profit to Rs 350.30 million for the quarter ended December 2007, as against Rs 291.65 million for the same quarter, a year ago.
Net sales rose 20.05% to Rs 2,621.60 million in the quarter ended December 2007, from Rs 2,183.63 million in the corresponding quarter, last year.Total income rose 20.81% to Rs 2,651.10 million in the latest quarter from Rs 2,194.38 million, a year ago.The basic and diluted earnings per share after extraordinary items, stood at Rs 5.88 for the quarter ended December 2007 as against Rs 5.04 in the corresponding quarter, last year.

Patel Engineering operates in the areas of industrial complexes, building projects, power projects & underground works, dams, bridges & marine works. The company has been involved in implementing projects relating to steel plants, oil refineries, foundries & machine shops, chemical plants, thermal, atomic and hydro-electric projects, tunneling and underground construction, dams, bridges and marine works.Shares of the company were last trading down Rs 5.5, or 0.55%, at Rs 993.95. The total volume of shares traded at the BSE was 22,910. (11.20 a.m., Tuesday ).

Shree Cement Q3 net profit down at Rs 35

Shree Cement Q3 net profit down at Rs 35 cr
Shree Cements announced its Q3 FY08 result. The company in Q3 of FY08 has posted standalone net profit of Rs 35 crore versus Rs 104 crore on YoY basis.
During the same period, the company's standalone net sales were seen up at Rs 523.6 crore versus Rs 364.5 crore, YoY.

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Today Results:

Results Calender

Axis Bank 09-Jan-08

iGATE Solutions 09-Jan-08

Mastek 09-Jan-08

South Ind Bk 09-Jan-08

Source: www.indiaearnings.moneycontrol.com and www.myiris.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 achieves 21K milestone

Sensex achieves 21K milestone

Mumbai (PTI): On hopes of corporates posting good results for the third quarter, the Bombay Stock Exchange benchmark Sensex on Tuesday surpassed a new milestone of 21,000 points during the intra-day but ended the day below the peak level in volatile trade amid mixed global cues.

The Sensex hit an all-time trading peak of 21,077.53 points but rolled back to 20,873.33 points, a gain of 60.68 points compared to its Monday's close.
The index fluctuated widely in more than 600 points.

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Sensex ends 61 pts up
Shaky at higher levels Sensex fails to hold
Nifty tops Sensex with 60% returns in '07
Sensex firms may lead Q3 slowdown

NSE 6287.85 8.75
BSE 20873.33 60.68

Equities, led by heavyweights, opened on a high note this morning thanks to a recovery in global markets. And the benchmark indices Sensex and Nifty scaled new peaks in virtually no time.
While the Sensex vaulted past the 21,000 mark for the first ever time and touched a new all-time high of 21,077.53, the Nifty raced past its previous best of 6300.05 to 6357.10. But then, the fall from those levels also happened in a flash. Though the Sensex managed to hang on in the positive territory for a long time, the Nifty found the going quite tough and slipped into the negative zone in mid-morning trade.

While the Sensex, which plunged to 20,696.60 in intra-day trades, ended with a sharp gain of 60.68 points or 0.29% at 20,873.33, the Nifty settled at 6287.85, well off its low of 6221.60, with a gain of 0.14% or 8.75 points. Even as information technology, telecom, oil and select bank stocks held on to their gains, stocks from auto, metal and power sectors turned easy on selling pressure. Buying remained stock specific in realty, FMCG and capital goods sectors.

Midcap and smallcap stocks were hammered down today. So strong was the sell-off in these segments that the Midcap and Smallcap indices went down by 2.82% and 3.28% respectively.
Bharti Airtel (4.05%), HDFC Bank (3.6%), Satyam Computer Services (2.7%), State Bank of India (2.6%) and Mahindra & Mahindra (2.45%) ended with handsome gains. Index heavyweights Reliance Industries (1.2%), Infosys Technologies (1.5%), Reliance Communications (1.8%) and ONGC (1.7%) had an impressive outing as well.

DLF, Larsen & Toubro, Reliance Energy and Tata Consultancy Services also finished on a high note with strong gains to their credit. Wipro ended nearly a per cent up. Bajaj Auto managed to post a small gain.

Among the losers, Grasim Industries, Hindalco and Tata Steel eased by 3.25%, 3.75% and 3.65% respectively. ACC, Cipla, Hindustan Unilever, HDFC, ICICI Bank, Maruti Suzuki, NTPC, Reliance Energy and Tata Motors lost 1% - 2.5%. Ambuja Cements, BHEL and Ranbaxy Laboratories closed lower by 0.5% - 0.75% while ITC ended with a small loss.
Oil stock BPCL closed with a sharp loss of 5.65%. Cairn India, Nalco, Sterlite Industries, Tata Power, SAIL, Zee Entertainment, Unitech, Reliance Petroleum, Hero Honda, Idea Cellular, Punjab National Bank, Sun Pharmaceuticals, VSNL, Dr. Reddy's Laboratories and Siemens also ended sharply lower today.

Suzlon Energy, the biggest gainer among Nifty stocks, closed stronger by 4.7%. GlaxoSmithKline Pharma moved up by 4.35%. HCL Technologies and GAIL India also ended on a firm note.
Engineers India, Polaris, HDIL, Asian Paints, MphasiS, GlaxoSmithKline Consumer Healthcare, ICI India, JB Chemicals, IPCA Laboratories, Nestle, Reliance Natural Resources, United Spirits, Tech Mahindra, i-Flex Solutions, Bajaj Hindustan, Karnataka Bank, Sintex Industries, KEI Industries, Balkrishna Industries, EID Parry, Jai Corp, Shaw Wallace, REI Agro, Geojit Financial Services, Karuturi Network, Bajaj Auto Finance and Madhucon Projects were among the prominent gainers today.

Due to heavy selling in midcap and smallcap stocks, the market breadth was very weak today. Out of 2922 stocks traded on BSE, as many as 2369 stocks ended in the negative territory. 541 stocks posted gains and 12 stocks ended at their previous closing levels

Other Sify Stories:

Tax-saving plans: It's not too late to invest
REL to raise Rs 5k cr
SREI Infra to raise $50 m
Simplex bags Rs 481 cr order

Bajaj to launch small car in 2-4 years
Future Money takes lending inside stores
Sarda Energy to install 1,100 MW thermal power plant
Vedanta to invest Rs 50,000 cr in metals, mining, power

Webel-Sl Energy to raise Rs 150 cr
Manaksia lists at 25% premium on BSE
RNRL may buy overseas mines for AP mega project
Reliance Power aims for a global presence

Source: www.sify.com and www.thehindu.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.

Discover Stock Market India Nifty Bank Nifty Technicals Analysis & India Business Stories

09 January 2008

Deadpresident Blog stories and Job alerts etc

Myiris, Moneycontrol Articles

Results : Axis, South Indian Bank, Mastek, iGate Etc

Sensex retreats after hitting a new high, ends flat: Sify

08 January 2008

ET Top Stories

Deadpresident Blog Updates

Myiris.com, Moneycontrol.com Updates

Results: Prism, Shree Cement, Patel Engg Etc

Sensex achieves 21K milestone

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