Sensex crashes 1400 pts; R-Com, NTPC worst hit : ET

Sensex crashes 1400 pts; R-Com, NTPC worst hit

Market fall continues, Sensex slips over 692 points
Sensex crashes 1400 pts; R-Com, NTPC worst hit
REL raises Rs 7835 cr through allotment of warrants to group co
Blood-bath on Dalal Street; Sensex ends 1400 points down

Bears go for the kill; Sensex sheds 1408 pts
BJP demands SEBI's intervention in stock market crash
Shares slide at open on global weakness
Sensex off early lows; selling not ruled out

Sensex tanks over 1600 pts
Biggest intra-day fall ever: Sensex down 1600 pts
Investors lose over $300 bn in six days
Markets will grow in orderly manner: PM
Sensex saw biggest ever fall
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Large-cap stocks may pay dividends22 Jan, 2008, 0715 hrs IST, TEAM ET ,TNN
Investors have seen their sector funds do well as compared to the Sensex over past 1 year. In pics: Sensex Crash I Quotes: Sensex CrashI Sensex fall: Full Coverage


Market Analysts: It's time to look for value stocks
Is the Indian market overvalued?
Sensex 2nd most expensive emerging market index
Asian stock markets tumble

Sensex crashes by over 1400 pts

Sensex crashes by over 1400 pts
The 10 biggest falls in Sensex history

SENSEX 17605.35 -1408.35
NIFTY5208.80 -496.50

Following the hefty 1,814-point loss last week, the Sensex opened with a negative gap of 94 points at 19,014, and continued to drift deeper into red as the day progressed.
Relentless selling in the last session saw the index tumble to a low of 16,951 - down 2,063 points (10.8%) from the previous close. (Since the index had dropped over 10% after 1400 hrs, the circuit limit was placed at 15%).
Bargain hunting at lower levels saw the index recover some ground, and finally end at 17,605 - down 1,408 points (7.4%); the biggest-ever loss in absolute terms and also the first-ever four digit loss for the index.
While the Midcap Index plunged 1,012 points (11.4%) to 7,882, the Smallcap Index tumbled 1,249 points (10.3%) to 9,443.
The NSE Nifty shed 496 points (8.7%) at 5,209.
The BSE breadth was extremely negative - out of 2,810 stocks traded, 2,657 declined, 139 advanced and 14 were unchanged.
Index Shakers
Reliance Energy [Get Quote] and ACC crashed around 16% each to 1,776 and Rs 728, respectively.
Bajaj Auto [Get Quote] tumbled over 15% to Rs 2,064. NTPC slumped over 14% to Rs 206, and Reliance Communications [Get Quote] plunged nearly 13% to Rs 613.
Hindalco [Get Quote] and DLF dropped over 10% each to Rs 166 and Rs 904, respectively.
Grasim [Get Quote] and Reliance slipped over 9% each to Rs 3,025 and Rs 2,544, respectively.
Tata Motors [Get Quote], BHEL and ONGC [Get Quote] declined around 8% each to Rs 654, Rs 2,114 and Rs 1,114, respectively.
Mahindra & Mahindra, Tata Steel [Get Quote] and TCS [Get Quote] shed 7.5% each at Rs 673, Rs 722 and Rs 836, respectively.
SBI [Get Quote] and Hindustan Unilever dropped around 7% each to Rs 2,200 and Rs 200, respectively.
Larsen & Toubro, Ranbaxy [Get Quote] and Cipla were down 6% each at Rs 3,689, Rs 363 and Rs 190, respectively.
ICICI Bank [Get Quote] and HDFC [Get Quote] declined nearly 6% each to Rs 1,173 and Rs 2,660, respectively.
Bharti Airtel [Get Quote], Infosys [Get Quote], ITC, Maruti [Get Quote], HDFC Bank, Ambuja Cements and Wipro [Get Quote] were down 3-5% each.
Value & Volume Toppers
Reliance topped the value chart with a turnover of Rs 663.60 crore followed by Reliance Natural Resources [Get Quote] (Rs 491.70 crore), Reliance Energy (Rs 466.40 crore), Reliance Petroleum [Get Quote] (Rs 456.80 crore) and Reliance Capital [Get Quote] (Rs 340.50 crore).
Reliance Natural Resources led the volume chart with trades of around 2.75 crore shares followed by Ispat Industries [Get Quote] (2.55 crore), Reliance Petroleum (2.47 crore), Tata Teleservices [Get Quote] (1.53 crore) and IFCI (1.49 crore).

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Govt warns investors• FIIs pull out over Rs 5,300 crore

Sensex crashes by 1408 pts; Nifty ends nearly 500 pts down

Investors lose over $300 b in 6 days

Sensex nosedives Images: Carnage in Dalal Street The Holocaust Monday: Special

What is market correction? Who won, who lost?
10 biggest falls in Sensex history Your say
Trading halted: BSE asked to clarify

Biggest-ever loss: Sensex plunges 1,400 points
Why did the stock market crash?
The 10 biggest falls in Sensex history
Trading halted: BSE asked to clarify
Market crash: Have you been hit?
Investors lose over $300 bn in 6 days
Market correction? What's that?
These media stocks could make you

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Black Monday again: Biggest ever point-fall for mkts

Investor wealth worth Rs 6.6 lakh cr wiped out

Pace of correction unnerving: Raamdeo Agrawal

US holds key to mkts' behaviour tomorrow: Experts

Find value picks from day's biggest losers

Sectors to eye right now

Strategies to adopt after 1000 point crash



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Mid-caps go back to discount to Sensex

India's Sensex Falls Most in Four Years:

Sensex tumbles; Govt blames global risks;

ET Stories

http://economictimes.indiatimes.com/



MFs lag in rush for Reliance Power IPO/ R Power IPO

Reliance Power IPO to make Anil Ambani the richest Indian
Reliance Power IPO sees FII demand over $100 bn
Indian GDRs clock record $12 bn turnover on LSE
ICICI subsidiaries put up good performance
Biz week in pics Wacky Gadgets

'MF industry will see rapid growth'
OnMobile IPO opens on Jan 24
ICICI to invest in Express Towers
Parsvnath aims $15 bn investment


Production efficiency drive UltraTech profits up 32 pc
TCS, Infosys, Wipro add over 57000 workers in 2007
Railways makes Rs 15,500 cr profit in current fiscal: Velu
Anil Ambani pledges shares to all retail investors
Bush's $150 bn plan to lift US economy




Source: Economic Times. 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.

Business Today, January 27 2008

http://businesstoday.digitaltoday.in/
LATEST ISSUE January 27, 2008


Cover Story
Pharma majors betting it big
Brian Carvalho
India’s handful of innovation-driven pharma companies are running through hundreds of crores of rupees in their endeavour to put a new drug on the global market. There have been a few setbacks along the way, but nobody’s giving up—not yet.
Dr Reddy’s Laboratories - Trials by fire
Ranbaxy Laboratories - Clinical precision
Nicholas Piramal - More the merrier

---------------------------------------------------
Top Mind
Now, trade in mini indices
They are derivatives contracts introduced by both NSE and BSE to improve liquidity and attract more retail investors.


News Maker
News Maker - Anand Mahindra
Anand Mahindra, Vice Chairman, Mahindra & Mahindra (M&M), admits that he isn’t a sprightly young man anymore, but the 52-year-old has been tying up deals with a slew of international manufacturers.

People
A pictorial delight
This has all the makings of a picture-perfect dream. Punj Lloyd’s Chairman Atul Punj has launched the group’s Photographic Foundation and its first limited edition calendar for the year 2008.

Letters
A well-compiled list
21 for 21 was compiled well and includes leaders and entrepreneurs from non-conventional sectors as well.

BT More
The finest wheels
Kushan Mitra
It’s a tough act, balancing your needs and your budget when choosing and buying that dream vehicle. Find out which automobile is just right for you and yet doesn’t punch a large hole in your pocket in this issue’s cover story.
Rides for every budget
Money to splurge
Mirror can be your friend
New Year bonanza
Seek pleasure from golf
Infused scotch, anyone?
Choco luscious
Get rid of back pain
Faces of India
Rhythm divine
Dream cars for a steal
Bruno knows
Make heads turn
Tea tales
Live another day
The sinking paradise
Wines with endless legs
Rule the high seas


Special
Still looking good
Mahesh Nayak
Yes, the stock markets have been on a roll for four years now and the Sensex is at 20,000 plus. But a surging economy is expected to keep the FIIs interested in India this year.
It’s raining IPOs

Current
“SMS 2.0” takes off
Planning to sign up for the do-not-call registry or already have? Don’t bother. Marketers have figured out another way to reach you, the mobile phone user.
Paradise regained?
The Tatas’ big deal
Profit in the bag
What’s in the peace pipe?
Power-packed blueprint
Sense of rumour
Wanted: Real broadband
IT’s new wannabe
Jagran’s big footprint
Kinetic’s comeback?
Sign of the times
Banking on the brand
Home away from home
Welcome to the jingle
The ebullient entrepreneurs


Editorial
Indian pharma’s balancing act
Among the many industries that cater to our wants and needs, pharmaceuticals has to be the most unique.

Policy Watch
Combating insider trading
SEBI is making renewed efforts to crack down on the menace of insider trading.

Jobs
Staying on track
The mixed sentiment of the last quarter continues into the New Year, reveals the sixth quarterly BT-TeamLease Employment Outlook Survey.
In top gear
Help, Tarun

Back of the Book
Makeover for mishti
Ritwik Mukherjee
In a bid to take their delicacies to a larger audience, Bengal’s sweet makers are adding a dash of international flavour.

Trends
Governing global trade
The multilateral system that has underpinned world trade for over 50 years is facing serious challenges.
India's highest paid film stars
Surging remittances
The BT 50 index
Too many cooks?
Instant tip
“India is our key R&D destination”
Tying up the airwaves
UP joins, VAT reaches all states
Talebearer
Numbers of note
Just wondering…
Insurance rates nosedive

Money
The best mutual funds
Clifford Alvares
When Mutual Fund investors started out at the beginning of 2007, many viewed the year ahead with circumspection. It has been a great year for mutual funds, but some stood out from the others.
The top picks for 2008
The short end of the market
Taking stock, virtually
REITs on the way


Source: Businesstoday. 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.

MoneyToday (January 24, 2008)

http://moneytoday.digitaltoday.in/
LATEST ISSUE January 24, 2008
Few Articles Link:



Cover Story
The best financial advices
We bring the best kept secrets till today. Successful personalities from all walks of life share words of wisdom that most influenced their financial lives.
Slide-show: What SRK, Karan & Dravid have to say


-------------------------------------------------

Financial Rights
‘Rough behaviour is deficiency of service'
Rakesh Rai
Rude government servants can be legally penalised. Rakesh Rai spoke to the man responsible for this landmark judgement.

Now & Then
Up in smoke
Money Today compares prices and earnings in the past with what they are today and what they would be in the future.

My Idea
Growing money plant
Rajshree Kukreti
Radhika Anand, 44, earns money by growing plants in glass jars.

Sector Scenario
Flying high
Prabhudas Lilladher sees growing demand, lower fares and improved connectivity to improve valuations in the aviation sector

Query Corner
Should I invest in a Ulip or buy a term plan and funds?
You have not identified whether you have any financial dependants like a wife, children or parents. If you do not have any dependants, then you do not need life insurance.

Upfront
Futures within reach
A derivative is a security that has no independent value; its value is entirely derived from the value of one or more underlying asset—generally stocks, bonds, commodities, currencies and market indices.

Talk Back
How can I start with a corpus of just Rs 1 lakh?
As a beginner, start by investing in an Indian mutual fund that invests in global stocks (see Why and How to Go Global, 15 November). As your confidence grows, so will your exposure to global markets.

E2E
Powering the telecom boom
By Yusuf Begg
By providing energy-saving solutions to telecom companies, Manoj Upadhyay has made money for himself and the sector.

MT Insight
Equity-oriented funds perform well
Equity-oriented balanced funds have naturally fared well in a year when equities have boomed. some debt heavy balanced funds have also fared well in the past one year, with LICMF Children’s Fund earning higher than many equity oriented funds in the past one year.
Music systems: what's your taste?
Goa, beyond tourist destination


Realty Check
Goa, beyond tourist destination
The inflow of domestic and foreign tourists in Goa has established a flourishing hospitality sector.

MT Basics
Postal savings
It’s probably been months or years since you posted a letter in that ubiquitous red colour box. Between e-mail and courier who needs letter boxes anymore.

Book Review
Know your financial personality
Kamya Jaiswal
Jordan E Goodman’s unique insight to investor psychology and its impact on financial decisions is a very interesting read. A good dose of financial planning advice ensures that his book has practical utility.

Portfolio Doctor
Discipline amidst irregularity
Intelligent investing can make all the difference. And if you want proof, don’t look beyond Priya Shukla’s portfolio. We’ve analysed finances of people who earn much more than her but still find it extremely difficult to meet their long-term goals like retirement corpus. Read on:

Stocks
High on mid caps
Dipen Sheth
Our fund manager prefers not to transact this fortnight but instead chooses to ride a terrific bull run in the mid-cap sector.
Market watch, as on Jan 2, 2008
Steel and power stocks perform well


Mutual Fund
'Don’t be tempted by penny stocks'
Jyoti Vaswani
A Fund Management Associate Director at Aviva India tells us how to create value through superior stock selection.
How not to judge a fund
Going the natural way


Tax
Is medical reimbursement taxable?
Medical reimbursement of over Rs 15,000 is taxable in the hands of an employee.


Careers
Two sides of the same coin
Rajshree Kukreti
Planning your career should be an integral part of the financial planning process. Money Today tells you why.


Investment
Your human capital vs financial capital
Here's a debate on the right way to save for retirement. Read our feature based on Joseph Stiglitz's recent presentation.

Expert View
Partying with borrowed cash
By allowing me the thrill of leveraging my investment, the markets and regulators are amplifying risks and rewards, triggering potentially irresponsible behaviour and, in fact, are lending grenades to a monkey!
Investing in good is good investing


Technology
Before you buy LCD
Ask yourself why you really want to buy an LCD. If it’s for sheer snob value, there’s little anyone can say that will make you change your mind. If, however, you think you’re getting value for money, read on.


Source: Moneytoday. 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.

BusinessLine Articles

http://businessline.in/


ICICI Bank’s Q3 net rises 35% on higher biz volume

Reliance Power IPO issue price at Rs 450
Assurance on allotment to retail investors More

SBI invites unions for talks on merger concerns
Employees plan strike on Jan 25 More

Index OutlookReliance Power’s mega public offer probably enveloped our markets in such an optimistic haze that the participants were unable to register the disturbing news-flow from overseas. How else can one account for the Sensex suddenly crashing ... More

Stock valuations are not about earnings aloneMore
The fear factor in allocation switchesMore
Build your mutual fund portfolio with careMore
Another step towards tracking the ‘insider’More

Dabur India: BuyInvestors with a two-three-year horizon can consider using the recent decline in price to accumulate the Dabur India stock. Dabur India appears set to deliver earnings growth of 22-25 per cent (annualised) over the next three years, on the ... More

Birla Sun Life Basic Industries: HoldInvestors can retain their investments in Birla Sun Life Basic Industries. Its consistent performance over the three- and five-year periods makes it a good investment choice. There was, however, a change in the scheme’s management ... More

GlaxoSmithKline Pharma: HoldMore

Cords Cable Industries: InvestMore

J. Kumar Infra: AvoidMore

Exide Industries: Invest

GlaxoSmithKline Pharma: Hold
More

Green signalReligare Enterprises’ proposed asset management joint venture with AEGON has received the in-principle sponsor approval from SEBI. Religare would be entering into the business through a100 per cent subsidiary. ... More

David n GoliathGayatri Projects has tied up with DLF for constructing road projects on Build-Operate-Transfer basis. Both the companies have agreed to give their financials and technical strengths for the participation in request for qualification and ... More

Kotak-30 : Focus on bankingKotak-30, a large-cap-oriented fund, has consistently beaten its benchmark – the Nifty – over one, three and five year periods. With a little over 30 stocks in its portfolio, the fund holds a compact portfolio. The movement ... More

DWS Investment Opportunity Fund: HoldInvestors in the DWS Investment Opportunity Fund can retain their units in the fund, given its strong performance since launch. With a compounded annual return of about 45 per cent since launch, the fund has kept comfortably ahead of its ... More

Birla Sun Life Basic Industries: HoldInvestors can retain their investments in Birla Sun Life Basic Industries. Its consistent performance over the three- and five-year periods makes it a good investment choice. There was, however, a change in the scheme’s management ... More

Index OutlookReliance Power’s mega public offer probably enveloped our markets in such an optimistic haze that the participants were unable to register the disturbing news-flow from overseas. How else can one account for the Sensex suddenly crashing ... More

Baskets of X More

Bull's Eye More

Trader's CornerMr W. D. Gann is one of the best known names in technical analysis. He gained fame and notoriety through the huge profit that he is said to have amassed from trading in the stock markets. But his theories and concepts remain inscrutable to ... More

DERIVATIVES MARKETS
Nifty future may lose ground
More




Source: www.Businessline.in. 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.

ET, Moneycontrol Updates

http://economictimes.indiatimes.com/


Reliance Power issue price fixed at Rs 450
Reliance Power IPO lights up rural Maharashtra
Women line up for Reliance Power IPO
R-Power IPO overbooked 72.7 times


REL Power, L&T qualify for Talwandi Sabo power project
Jet Airways to start Mumbai-San Francisco service via China
TRAI to come out with consultation paper on fate of ADC
Amtek Auto to supply engine parts for Tata Nano
Auto firms should focus on electricity driven motors
RBI pumps in Rs 54 billion into market

--------------------------------------------
Moneycontrol.com

ICICI Bank Q3 net profit up at Rs 1230 c...
Mkts to look for cues from Budget next month: Kotak AMC
Mkts likely to see near-term pressure: SBI MF
Mkts should see support at 19K: StanChart Bk
BSE smallcap index: Top gainers and losers
Rel Power IPO subscribed 73x

Wipro sees 7% sequential growth in US
ICICI Bk to complete ICICI Sec IPO by April-June
Mkts to look for cues from Budget next month: Kotak AMC
Wall Street ends lower; Dow slips 60 points
Bad day of trade: 87 advances to 1,148 declines




Source: Economic Times, Moneycontrol. 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.

REL Power and Other IPO news

Rel Pwr IPO gets over $100 bn bids from foreign investors
Speaking at a press conference, Anil Ambani, Group Chairman and CEO, Reliance ADAG said the Reliance Power IPO has got over USD 100 billion bids from foreign investors. He added that it is the largest IPO in the Asia Pacific power sector, reports CNBC-TV18.

The issue price is fixed at Rs 450 per share and the price is upper limit of price band. Retail investors will get a discount of Rs 20 per share, he added. The IPO will have 50 lakh retail investors on listing. Reliance Power will list in early February, he stated. According to Ambani, Reliance Power has no equity dilution plan as of now.
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ICICI Bk to complete ICICI Sec IPO by April-June

Enam, JM Fin, Kotak top money collectors in R Power IPO

25% listing price band for issues up to Rs 250cr: ...

KNR Constructions IPO opens on Jan 24

Good IPOs will continue to get good response: Enam

Financial Soft to raise Rs 250 cr; mulls IPO,

Coal India to consider IPO after getting Navr

15% pre-IPO placement to Citigroup likely: Wo

KNR Const to raise Rs 134-142 cr via IPO

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Issues Open Now


Equity
Offer Price
Open
Close
J Kumar Infra (read profile)
Not Rated
110-120
18-01
23-01
Messages MC Articles Prospectus
Cords Cable Ind (read profile)
Not Rated
125-135
21-01
24-01
Messages MC Articles Prospectus
OnMobile Global (read profile)
Not Rated
425-450
24-01
29-01
Messages MC Articles
KNR Constructio (read profile)
Not Rated
170-180
24-01
29-01
Messages MC Articles
Bang Overseas (read profile)
Not Rated
200-207
28-01
31-01

Results:Guj NRE, Idea, GIC Hsg, Binani cement, IPCA etc

Gujarat NRE net up 3.63 times for Dec `07 qtr (Q3)

Gujarat NRE Coke has registered a 3.63 times growth in net profit, to Rs 499.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 137.70 million in the corresponding quarter last fiscal. Net sales stood at Rs 2,428.00 million in the quarter ended Dec. 31, 2007, as against Rs 1,746.40 million in the same period last year, recording a growth of 39.03%.

Total income reported an increase of 41.07% to Rs 2,525.70 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,790.40 million for the same period last year.The diluted earning per share (EPS) after extra ordinary items on Dec. 31, 2007 worked out to Rs 1.45.The company is engaged in manufacturing low ash metallurgical coke and steel. It manufactures low ash metallurgical coke (LAMC), has wind mills (27.5 MW), and a mini steel mill manufacturing TMT bars from recycled steel scraps. Shares of the company gained Rs 0.45, or 0.33%, to settle at Rs 138.65. The total volume of shares traded was 1,482,438 at the BSE. (Friday).

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Idea Cellular net up 2.09 times for Dec `07 qtr
Idea Cellular Q3 net more than doubles to Rs 240 cr

Idea Cellular has announced its un-audited results for the quarter ended Dec. 31, 2007
The company registered 2.09 times growth in net profit after tax to Rs 2,371.90 million for the quarter ended Dec. 31, 2007, as compared to Rs 1,136.90 million for the same period last year.
Total Revenue registered a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same period last year.

The company has also announced its consolidated audited results.
The group has posted a net profit after tax of Rs 2,367.70 million for the quarter ended Dec. 31, 2007, a 2.08 times rise, as compared to Rs 1,137.70 million for the quarter ended Dec. 31, 2006.
Total Revenue reported a growth of 48.36% to Rs 17,103.10 million for the quarter ended Dec. 31, 2007, as compared to Rs 11,528.00 million for the same quarter last year.
Shares of the company declined Rs 7, or 4.89%, to settle at Rs 136.05. The total volume of shares traded was 662,515 at the BSE. (Friday).

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GIC Housing Q3 net up 11.92%

GIC Housing Finance has registered a rise of 11.92% in net profit to Rs 150.20 million for the quarter ended Dec. 31, 2007, as compared to Rs 134.20 million in the corresponding quarter last fiscal. Net sales stood at Rs 674.40 million in the quarter ended Dec. 31, 2007, as against Rs 496.20 million in the same period last year, recording a growth of 35.91%.

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Binani Cement net up 12.70% for Dec `07 (QoQ)


Binani Cement registered growth of 12.70% in net profit to Rs 539.50 million for the quarter ended Dec. 31, 2007, as compared to Rs 478.70 million in the quarter ended Sep. 30, 2007. Net sales stood at Rs 2,333.10 million in the quarter ended Dec. 31, 2007, as against Rs 2,137.40 million in the quarter ended Sep. 30, 2007, recording a growth of 9.16%.

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Kirloskar Brothers net drops 84.99% for Dec `07 qtr

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Sasken Q3 net dips to Rs 3.8 crore
19 Jan, 2008, 1408 hrs IST

Sasken Communication Technologies has reported a dip in Q3 profit at Rs 3.8 crore compared to Rs 12 crore for the corresponding.

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Ipca Laboratories net rises 10.05% in Dec `07 qtr
Ipca Lab Q3 net up 10 pc at Rs 38 cr

Ipca Laboratories has reported a steady jump in net profits for the quarter ended in December 2007. During the quarter, the company experienced a 10.05% rise in profits to Rs 383.40 million from Rs 348.40 million in the quarter ended December 2006.Net sales for the quarter rose 21.21% to Rs 2,817.90 million compared with Rs 2,324.90 million in the corresponding quarter, a year ago.

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Zenith Computers net drops 95.66% in Dec`07 qtr

Kirloskar Pneumatic net rises 17.69% in Dec`07 qtr
Kirloskar Pneumatic Company reported a steady rise in net profit for the quarter ended December 2007. During the quarter, the company experienced a 17.69% rise in profit to Rs 51.90 million from Rs 44.10 million in the quarter ended December 2006.Net sales for the quarter rose 20.91% to Rs 983.20 million compared with Rs 813.20 million in the corresponding quarter, a year ago.
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Source: Economic Times, 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.