Sensex snaps winning streak, loses 194

Sensex snaps winning streak, loses 194


Amid volatile trades, the benchmark indices Sensex and the Nifty raced to new all-time highs today. However, the market found the going rather tough after the Reserve Bank of India hiked CRR by 50 basis points. As participants began to book profits, stock prices tumbled to lower levels and despite managing a few rallies now and then, the premier indices snapped their winning streak and settled down in the negative terrain today.
The Reserve Bank of India, which released its monetary policy review today, left bank, repo and reverse repo rates unchanged while hiking the Cash Reserve Ratio by 50 basis points.
Auto stocks were among the worst hit in the sell-off that saw the Sensex plunging to a low of 19,694.85, a massive drop of around 543 points from its new all-time high. Shares from banking, oil and FMCG sectors too felt the heat. Information technology and healthcare stocks had a tough outing as well.
Capital goods, metal and realty stocks fared well. Though several stocks encountered resistance at higher levels and pared their gains, the indices tracking the performance of these sectors, ended in the positive side, gaining 0.8%, 0.65% and 2.36% respectively.
While the Sensex, which hit a new high at 20,238.16, ended the session with a big loss of 0.97% or 194.16 points at 19,783.51, the Nifty settled at 5868.75, more than 100 points down from a high of 5976, netting a loss of 0.63% or 37.15 points. In intra-day trades today, the Nifty touched a low of 5833.90.
Maruti Suzuki embarked on a long trip down south today. Due to sustained selling at the counter, the stock slipped to a low of Rs 1075 before settling at Rs 1087.95, netting a big loss of 8.45%. Mahindra & Mahindra (down 7%) and Tata Motors (down 4.9%) also closed with sharp losses. Bajaj Auto, which fared a lot better, ended lower by around 0.6%.
State Bank of India eased by around 2.6% to Rs 2062.20. HDFC lost a little over 2%. Reliance Industries (down 2%), Grasim Industries (down 1.95%), Ranbaxy Laboratories (down 1.9%), Tata Consultancy Services (down 1.85%), Cipla (down 1.7%), ONGC (down 1.5%), ITC (1.5%), ACC (down 1.25%), HDFC Bank (down 1.25%) and Reliance Communications (down 1.1%) also closed with marked losses.
ICICI Bank, which spurted to a high of Rs 1293 in intra-day trades, ended at Rs 1240.25 with a loss of 0.7%. Satyam Computer Services, Hindalco, Bajaj Auto, Infosys Technologies, Hindustan Unilever and Tata Steel also ended weak.
Wipro, Ambuja Cements, Dr. Reddy's Laboratories and NTPC closed almost unchanged from their previous closing levels. Bharti Airtel gained around half a per cent. BHEL (1.65%), Larsen & Toubro (1.1%) and Reliance Energy (3.95%) had another profitable outing.
SAIL, Punjab National Bank, VSNL, Hero Honda, BPCL, Nalco, Zee Entertainment, MTNL and Suzlon Energy closed with sharp losses.
Sterlite Industries, which vaulted to a high of Rs 1084.70, ended with a gain of 6.8% at Rs 1020.50. Reliance Petroleum gained 5.3%. Tata Power and Sun Pharmaceuticals also closed on a firm note.
ABB, AIA Engineering, Greaves Cotton, Jyoti Structures and Siemens were the prominent gainers from the capital goods space.
Among realty stocks, DLF surged 5.8%. Anant Raj Industries posted a gain of 5.25%. Ansal Infrastructure, Unitech, India Bulls Real Estate and Puravankara Projects also posted impressive gains.
At Rs 24,636.21 crore, the turnover on the National Stock Exchange was the highest since 18 October 2007. On that day, the exchange had recorded a turnover of Rs 26,030.25 crore.
As participants chose to book profits in several large, medium and small cap stocks, the market breadth turned weak today. When trade ended, out of 2822 stocks that were seen in action on BSE, 1666 stocks had slipped into the red. 1087 stocks closed on a winning note and 69 stocks settled at their previous closing levels.



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Headlines from ET,MC,Myiris and others

Khattar to retire as Maruti MD in December
Torrent Power Q2 net rises two-fold
Maruti to invest $1.8 bn in R&D, marketing
J&K Bank seeks foreign partner for 49pc stake in broking unit
Titan hopes to sell 10 million watches in FY08

Prakash Industries to set up Rs 4500 crore power plan in Madhya Pradesh
BorgWarner plans unit near Chennai
Tatas to decide on 4.5 mn ton Vietnam steel plant after study
Steel investments to touch Rs 3 lakh cr
Tatas yet to decide on Vietnam steel plant

Economy growth nears 9 pc, infrastructure lags
IVRCL Infra bags order worth Rs 346 cr order
VSNL to showcase retail WiMax services in Bangalore
Raining IPOs on Dalal Street

Stocks to buy: Asian Paints, Suzlon, Finolex
Hot Stocks Platter: Godrej, Religare Enterprises , Suajana Towers and Gujarat Gas
An eye on the future: Religare Enterprises
Religare IPO subscribed 6 times


Men's apparel market to grow to $13-14 bn by 2009
Hinduja looking at majority stake in ONGC project
Bihar Tubes in pipes JV with Japan's Kusakabe
News Corp. and NBC launch online video site 'Hulu' as YouTube alternative
Dubai's DP World to invest $500 mn in India

Siscol, JSW Steel boards okay merger
Sona Koyo in JV with US-based AAM International

-----------------------------------------
Myiris.com

RBI policy detrimental for market: Vishwas Agarwal
ICRA assigns IPO Grade 3 to Religare
Will RBI maintain Status Quo on key rates?
Emkay assigns `Buy` on Corporation Bank
Emkay retains `Buy` on Marico
Lakshmi Machine Q2 net up 29.95%
Ispat Industries enters into MoU with M P Trade & Investment

Centre to introduce `GUTS Bill`
Kalyani Forge net down 63.32% in Sep`07 qtr
Ashok Leyland inks contract with Nissan
Dr Reddy`s to tie-up with US retail chains for OTC drugs
Steel sector emerges as a key investment destination

--------------------------------------------------------------
MoneyControl.Com

India requires USD 500bn for infrastructure projects
Info Edge reports 326% rise in net profit to Rs 151.42mn
Allied Digital reports topline gwth of 158%, PAT up by 134%
Ramsarup Industries PAT takes quantum leap by 80%
Avaya GlobalConnect net profit stands at Rs 47.62cr

Nifty likely to touch 6000 levels in near-term: Brics Sec
BHEL Q2 net profit up 91% to Rs 688 cr
Lanco Infratech enjoys strong order book worth Rs 7,600 cr
JP Morgan to launch $1.5 bn infra fund

FY08 FDI target at $30 bn: Commerce Min
Calsoft records rapid growth in profits
Rs 7,000 cr order book executable over 2 yrs: Simplex Infra
Order book stands at Rs 2,400 cr: Jyoti Structures
Simplex Infra Q2 net profit up at Rs 19.1 cr


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Macro highlights before RBI reviews Mid-Term Policy

The Reserve Bank of India today released the document `Macroeconomic and Monetary Developments: Mid-Term Review 2007-08` to serve as a backdrop to the Mid-Term Review of the Annual Policy Statement for 2007-08, going to be announced on Oct. 30, 2007.

The highlights of macroeconomic and monetary developments during 2007-08 so far are:

The Real Economy

The Indian economy continued to maintain strong growth momentum during the first quarter of 2007-08, underpinned by sustained performances of the manufacturing and services sectors. According to the estimates released by the Central Statistical Organisation (CSO) in August 2007, real GDP growth was 9.3 % during the first quarter of 2007-08 as compared with 9.6 % during the same period in 2006-07.

The cumulative rainfall during the South-West monsoon season 2007 (June to September) was 5 % above normal as compared with one % below normal during the corresponding period of the previous year. The area coverage of kharif crops has increased during 2007-08 (as on October 12, 2007) with reported sown area of 104.7 % of the normal, which was about 3.1 % higher than the previous year.


During April-August 2007, the index of industrial production rose by 9.8 % as compared with a growth of 11.0 % recorded during the corresponding period of the previous year. The manufacturing sector registered a growth of 10.3 % during April-August 2007 on top of 12.2 % during April-August 2006.


During April-August 2007, the infrastructure sector recorded a growth of 6.6 % as compared with 8.3 % a year ago, with five of the six core infrastructure industries registering a deceleration. The electricity sector was the only sector which recorded a higher growth than a year ago.


For more: Macro highlights before RBI reviews `Mid-Term`policy

other RBI stories:

RBI liberalizes booking of Forward Contracts


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Mukesh Ambani elbows out Gates as richest

Five richest people in the world with their net worth 1. Mukesh Ambani ($63.2 billion) 2. Carlos Slim Helu ($62.2993 billion) 3. William (Bill) Gates ($62.29 billion) 4. Warren Buffett ($55.9 billion) 5. Lakshmi Mittal ($50.9 billion)


29 Oct, 2007, 1800 hrs IST, PTI, NEW DELHI: Billionaire Mukesh Ambani on Monday became the richest person in the world, surpassing American software czar Bill Gates, Mexican business tycoon Carlos Slim Helu and famous investment guru Warren Buffett, courtesy the bull run in the stock market. Following a strong share price rally on in his three group companie, India's most valued firm Reliance Industries, Reliance Petroleum and Reliance Industrial Infrastructure Ltd, the net worth of Mukesh Ambani rose to $63.2 billion (Rs 2,49,108 crore). In comparison, the net worth of both Gates and Slim is estimated to be slightly lower at around $62.29 billion each, with Slim leading among the two by a narrow margin.

Warren Buffett, earlier the third richest in the world, also dropped one position with a net worth of about $56 billion. Ambani's wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent). Slim's wealth has been calculated on the basis of his stake in companies like America Movil (30 per cent), Carso Global (82 per cent), Grupo Carso (75 per cent), Inbursa (67 per cent), IDEAL (30 per cent) and Saks Inc (10 per cent). According to information available with the US and Mexican stock exchanges where these companies are listed, Slim currently holds shares worth a total of $62.2993 billion, with more than half coming from Latin American mobile major America Movil. Slim is closely followed by Gates with a net worth of $62.29 billion currently.

Earlier last month, US business magazine Forbes had named Gates as the richest American with a net worth of $59 billion, calculated as on August 30. The magazine had said that a movement of two dollars in the share price for Microsoft, the world's biggest software maker, could "add or subtract a billion dollars" from his wealth.

Since August-end, Microsoft's share price has risen by $6.58 (based on yesterday's closing on Nasdaq at $35.03), which results into a gain of $3.29 billion in Gates' wealth based on Forbes assumption. Besides a stake in Microsoft, Gates' wealth also includes the commission and license fees earned by him and gains through his shares in an investment holding company that invests across the market. Gates is followed by Buffett at the fourth place in the league of the world's richest with a net worth of $55.9 billion through his holding in his investment vehicle Berkshire Hathaway and in other companies.

At the end of August, Buffett's wealth stood at $52 billion, as per the Forbes magazine. Berkshire Hathaway's share price has gained by about 7.5 per cent since then. Earlier on September 26, Ambani had overtaken steel czar Lakshmi Mittal to become the richest Indian in the world. Mittal currently ranks as the fifth richest in the world with a net worth of $50.9 billion through his 44.79 per cent stake in world's biggest steel maker ArcelorMittal. While most of Mittal's wealth comes from his steel empire, though he has also spread his wings into businesses like oil and real estate, those of Ambani and Gates are mostly through petrochemicals and software respectively. However, Buffett and Slim are making money from investments across a host of sectors


Ambanis 1st to hit $100-bn mark on wealth street

Mukesh Ambani Group m-cap crosses Rs 5 tn mark


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Results on Tuesday: 30th October

Results Calender

Aarti Drugs 30-Oct-07

Aarvee Denim 30-Oct-07

Adhunik Metalik 30-Oct-07

Ajanta Pharma 30-Oct-07

Alstom Projects 30-Oct-07

AP Paper Mills 30-Oct-07

Asian Electroni 30-Oct-07

Balaji Telefilm 30-Oct-07

Bell Ceramics 30-Oct-07

BL Kashyap 30-Oct-07

Bongaigaon Ref 30-Oct-07

Cambridge Sol 30-Oct-07

Centurion Bank 30-Oct-07

CenturyPlyboard 30-Oct-07

Chennai Petro 30-Oct-07

Crest Animation 30-Oct-07

Crompton Greave 30-Oct-07

DLF 30-Oct-07

Dolphin Offshor 30-Oct-07

Dynacons Sys 30-Oct-07

Dynamatic Tech 30-Oct-07

EIH 30-Oct-07

Emco 30-Oct-07

EngineersInd 30-Oct-07

Esab India 30-Oct-07

Everonn Systems 30-Oct-07


Heritage Foods 30-Oct-07

Hind Composites 30-Oct-07

Hind Org Chem 30-Oct-07

IFB Agro 30-Oct-07

Indo Rama Synth 30-Oct-07

Indo Tech Trans 30-Oct-07

IndraprasthaGas 30-Oct-07

Indus Fila 30-Oct-07

IOC 30-Oct-07

Ispat Industrie 30-Oct-07

Karnataka Bank 30-Oct-07

KEC Infrastruct 30-Oct-07

Kesoram 30-Oct-07

Khaitan 30-Oct-07


Mah Seamless 30-Oct-07

Meghmani Organi 30-Oct-07

Mirc Electronic 30-Oct-07

Murli 30-Oct-07

Nandan Exim 30-Oct-07

Nectar Life 30-Oct-07

Nestle 30-Oct-07

Numeric Powe 30-Oct-07

ONGC 30-Oct-07

Parsvnath 30-Oct-07

Pricol 30-Oct-07

Raj Television 30-Oct-07

RamkrishnaForge 30-Oct-07

Remsons Ind 30-Oct-07

Royal Orchid 30-Oct-07

SAIL 30-Oct-07

Sangam India 30-Oct-07

SBandT Int 30-Oct-07

Sesa Goa 30-Oct-07

Shreyas Shippin 30-Oct-07

Sterlite Optic 30-Oct-07

Stride Arcolab 30-Oct-07

Subros 30-Oct-07

Sundaram-Clayto 30-Oct-07

Suven Life Scie 30-Oct-07

Tata Chemicals 30-Oct-07

Tata Power 30-Oct-07

TataTeleservice 30-Oct-07

TIL 30-Oct-07

Timken 30-Oct-07

Torrent Pharma 30-Oct-07

Transport Corp 30-Oct-07

TTK Prestige 30-Oct-07

Unitech 30-Oct-07


Varun Shipping 30-Oct-07

Zenith Infotech 30-Oct-07


Zylog Systems 30-Oct-07



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Other Results: JSPL, IBReal, BOI etc

BHEL Q2 net profit up 91% to Rs 688 cr

BHEL has announced its second quarter numbers. It has posted 91.01% growth in its net profit of Rs 687.66 crore for the quarter ended September 2007 as against Rs 360.01 crore in same quarter of last year.

Jindal Steel Q2, net profit up 77%

Jindal Steel & Power Ltd's July-September net profit rose 77 per cent to Rs 277.47 crore compared with Rs 157.23 crore for the same quarter of previous year. Total income increased 60 per cent to Rs 1, 271.94 crore for the September quarter from Rs 792.90 crore for same period of the earlier year. On BSE, Jindal Steel shares were up 6 per cent at Rs 8,885.

Srei Infra Q2 net jumps 104 per cent Net profit of Srei Infrastructure Finance Ltd during the second quarter of the current financial year increased 104 per cent touching Rs 33.1 crore as compared to Rs 16.2 crore in the same corresponding period previous fiscal.

HUDCO H1 net soars three-fold at Rs 165 cr
State-run Housing & Urban Development Corporation Ltd (HUDCO) on Monday reported an over three-fold increase in its net profit at Rs 164.91 crore for the half year ended September 30, compared to Rs 46.99 crore for the same period last year.

Firstsource Q2 profit jumps 143 pc at Rs 45.6 cr
BPO service provider, Firstsource Solutions, has clocked a 143 per cent jump in its profit after tax (PAT) at Rs 45.6 crore in Q2 while revenue grew 62 per cent at Rs 296.5 crore in the same period.

Indiabulls Real Estate July-Sept net Rs 227.7 mn Indiabulls Real Estate Ltd on Monday posted a net profit of Rs 227.7 million for the July-September quarter, on a total income of Rs 373.4 million. This included other income of Rs 309 million. Comparable figures for the same period last year were not available.

Indian Overseas Bank Q2 net profit up 28% Indian Overseas Bank's net profit rose 28 per cent to Rs 319.70 crore for July-September compared with Rs 249.85 crore in the same quarter of the previous year. Total income increased 43 per cent to Rs 2104.78 crore in the September quarter 2007 from Rs 1468.53 year ago

Wire and Wireless posts Q2 net loss

Bank of India net jumps two fold in Q2

Bank of India, announced a two times jump in net profit at Rs 4,252.70 million for the quarter ended September 2007, as compared to Rs 2,121.30 million for the same quarter, last year.Total Income increased 34.17% to Rs 35,036.70 million for the quarter ended September 2007, from Rs 26,114.20 million for the quarter ended September 2006. The interest income rose to Rs 29,752.40 million in the quarter, from Rs 22,581.70 million in the same quarter, a year ago

HPCL Q2 net down 59.82%
Hindustan Petroleum Corporation (HPCL), the second largest integrated oil refining and marketing company in India, on a standalone basis posted a steep fall of 59.82% net profit to Rs 8,530.30 million, for the second quarter ended September 2007, as compared with Rs 12,219.80 million for the corresponding quarter, last fiscal.
Net sales for the quarter fell 0.54% to Rs 242,344.40 million, as against Rs 243,674.60 million in the same quarter, a year ago.

Ipca Labs Q2 net up 28.30%
Ipca Laboratories registered 28.30% growth in net profit to Rs 454.20 million for the quarter ended September 2007, as against Rs 354.00 million for the same quarter, a year ago.
Net sales rose 23.02% to Rs 3,001.10 million in the quarter, from Rs 2,439.50 million for the same quarter, last year.
Total income rose 22.89% to Rs 3,004.50 million for the quarter ended September 2007, from Rs 2,444.80 million in the same quarter of previous year.


Simplex Infra net jumps 2.70 times in Sep`07 qtr
Kolkata-based infrastructure development company, Simplex Infrastructures recorded a phenomenal 2.70 times jump in net profit to Rs 191 million for the quarter ended September 2007, as against Rs 70.60 million for the quarter ended September 2006.
Net sales for the quarter soared 60.29% to Rs 5,711.30 million, from Rs 3,563 million for the same quarter, last year.Total income also increased 61.54% to Rs 5,774.60 million in the quarter, from Rs 3,574.60 million for the quarter ended September 2006.

OBC Q2 net down 30%
Oriental Bank of Commerce (OBC) posted a 29.86% drop in net profit at Rs 1,750.00 million for the quarter ended September 2007, as against Rs 2,495.10 million for the corresponding quarter of the previous year.Total Income increased 24.17% to Rs 17,882.10 million for the quarter ended September 2007, from Rs 14,401.30 million for the quarter ended September 2006.

PNB net up 6.6% in Sep`07 qtr
Punjab National Bank (PNB) announced a 6.63% rise in net profit at Rs 5,384.80 million for the quarter ended September 2007, as compared to Rs 5,049.90 million for the quarter ended September 2006. Total Income rose increased 28.5% to Rs 39,308.90 million for the quarter ended September 2007, from Rs 30,483.20 million for the quarter ended September 2006.

Adani Enterprises consolidated net rises to Rs 426.40 mn
On consolidated basis, Adani Enterprises (Q, N,C,F)* posted a net profit of Rs 426.40 million for the quarter ended Sep 30, 2007. Total Revenue is Rs 43,892.30 million for the quarter ended Sep. 30, 2007.On standalone basis, the company reported a substantial jump of 67.23% in net profit to Rs 379.30 million for the quarter ended Sep. 30, 2007 as compared to Rs 226.80 million for the corresponding quarter last year.Total revenue increased 6.66% to Rs 25,699.30 million for the quarter ended Sep. 30, 2007 from Rs 24,093.50 million for the quarter ended Sep. 30, 2006.


Jet Airways swings to profit in Sep`07 qtr
Jet Airways India swung to profit for the quarter ended September 2007. The company on standalone basis posted a net profit of Rs 283.60 million, as compared with a loss of Rs 551.30 million in the corresponding quarter last fiscal.
Net sales of the company rose 12.60% to Rs 18,185.50 million, as against Rs 16,150.40 million, in the same quarter a year ago.
Total income for the quarter rose 23.77% to Rs 22,541.70 million , as against Rs 18,212.30 million in the corresponding quarter last year.

MICO Q3 net climbs 9.09%
Leading auto components manufacturer, Motor Industries (MICO) registered a marginal rise of 9.09% in net profit for the quarter ended September 2007, due to 157 basis points fall in operating margins together with marginal revenue growth. During the quarter, the company saw a rise in net profit to Rs 1,367.50 million from Rs 1,253.50 million in the same quarter of the previous year. Earnings per share for the quarter rose 9.21% to Rs 42.70 million, compared with a year ago period.


Sobha Developers net up 22.93% in Sep`07 qtr
Sobha Developers on a standalone basis posted a robust growth of 22.93% in net profit to Rs 561.81 million, for the quarter ended September 2007, as against Rs 457.00 million for the corresponding quarter last fiscal.Net sales for the quarter rose 9.34% to Rs 3,254.21 million as against Rs 2,976 million in the same quarter a year ago.
Total income for the quarter rose 11.56% to Rs 3,330 million as compared with Rs 2,985 million in the same quarter previous year.

Titan Industries net up 43.87% in Sep`07 qtr

Titan Industries registered a 43.87% growth in net profit to Rs 463.00 million for the quarter ended September 2007 as compared with Rs 321.80 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 38.50% to Rs 7,251.10 million as compared with Rs 5,235.30 million for the same quarter a year ago.
Total income for the quarter rose 38.44% to Rs 7,255.20 million from Rs 5240.60 million for the corresponding quarter last year.

Tata Tea Q2 consolidated net falls 43.71%


MRPL Q2 net zooms 34.71 times
Mangalore Refinery & Petrochemicals (MRPL), a Mini Ratna category company and a subsidiary of ONGC reported a substantial growth of 34.71 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 3,317.40 million from Rs 92.90 million in the same quarter of the previous year. Total income for the quarter dropped marginally 4.85% to Rs 76,789.70 million, compared with the corresponding quarter, a year ago.

Nirma net up 80.81% in Sep`07 qtr

Nirma on standalone basis registered a robust growth of 80.81% in net profit to Rs 807.90 million for the quarter ended September 2007, as compared to Rs 446.80 million for the corresponding quarter last fiscal.
Net sales for the quarter declined 4.91% to Rs 4,984.30 million from Rs 5,241.70 million for the same quarter a year ago.


Gitanjali Gems April-Sept net at Rs 59.68 cr Jewellery manufacturer Gitanjali Gems Ltd reported on Monday a net profit of Rs 59.68 crore on net sales of Rs 1,250 crore in the six months to September 2007. Gitanjali Gems has announced its second quarter numbers. It has posted net profit of Rs 22.5 crore for the quarter ended September 2007 as against Rs 22 crore in same quarter of last year.


United Phosphorus swings to loss in Sep`07 qtr

Active Stock: Jagran Prakashan soars 11% on stock split news

R Systems net rises 19% in Q2

Shoppers Stop net drops to Rs 4.23 mn for Sep`07 qtr

HT Media net up 18.73% for Sep`07 qtr


Jagran Prakashan Q2 net profit at Rs 22 crore
Jagran Prakashan has declared its Q2 results. Its Q2 net profit was at 22 crore versus Rs 17.5 crore.


Karur Vysya Bank Q2 net profit at Rs 43.4 cr
29th-Oct-2007
Karur Vysya Bank has announced its second quarter numbers. It has posted net profit of Rs 43.4 crore for the quarter ended September 2007 as against Rs 42.5 crore in previous quarter.


JM Fin Q2 net profit up at Rs 44.8 cr
JM Financial in Q2 FY08 has registered consolidated net profit of Rs 44.8 crore versus Rs 15.9 crore on YoY basis.


Dhanalakshmi Bank Q2 net profit at Rs 7.5 cr
29th-Oct-2007
Dhanalakshmi Bank has announced its second quarter numbers. It has posted net profit of Rs 7.5 crore for tthe quarter ended September 2007 and total income of Rs 87.6 crore.


Sundram Fasteners Q2 net profit at Rs 20.6 cr
29th-Oct-2007
Sundram Fasteners has announced its second quarter numbers. It has posetd standalone net profit of Rs 20.6 crore for the quarter ended September 2007 as against Rs 25.4 crore in same quarter of last year.


Vishal Retail H1 net profit at Rs 14.7 cr
29th-Oct-2007
Vishal Retail has announced its second quarter numbers. For the half period ended September 2008, it has posted net profit of Rs 14.7 crore and total income of Rs 388 crore.



Nucleus Software Q2 net profit at Rs 16.2 cr
29th-Oct-2007
Nucleus Software has come out with second quarter numbers. It has posted consolidated net profit of Rs 16.2 crore for the quarter ended September 2007 as against Rs 14 crore in previous quarter.



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Results: BHEL, MnM, HDFC, Sterlite, Maruti etc

BHEL net jumps 91.01% in Sep`07 qtr
BHEL Q2 net profit up 91% to Rs 688 cr


Bharat Heavy Electricals (BHEL) on a standalone basis registered a stupendous growth of 91.01% in net profit to Rs 6,876.60 million for the quarter ended September 2007, as against Rs 3600.10 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 18.68% to Rs 39,653.60 million as against with Rs 33,411.50 million for the same quarter a year ago.
Total income for the quarter rose 27.20% to Rs 44,662.50 million as compared with Rs 35,110.40 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 14.05 in the quarter ended September 2007.


HDFC net up 75.63% in Sep`07 qtr


Housing Development Finance Corporation (HDFC), India`s first and largest mortgage finance company on standalone basis registered a 75.63% growth in net profit to Rs 6,463.90 million for the quarter ended September 2007, as compared with Rs 3,680.20 million for the corresponding quarter last fiscal.
Net sales for the quarter rose 30.53% to Rs 18,886.00 million as against Rs 14,467.90 million for the same quarter a year ago.
Total income for the quarter rose 29.94% to Rs 18,925.00 million, from Rs 14,563.30 million for the corresponding quarter last year.
The earnings per share (EPS) of the company stood at Rs 22.83 in the quarter ended September 2007.


Sterlite Industries (consolidated) net up 1.1% in Q2

Sterlite Industries on a consolidated basis posted a 1.1% rise in net profit of Rs 10,827.40 million for the quarter ended September 2007, as compared to Rs 10,710.00 million, for the same quarter of the previous year. Total Income rose marginally by 0.90% to Rs 68,904.20 million for the quarter ended September 2007, where as the same was at Rs 68,292.50 million for the quarter ended September 2006.
The company also said that on account of sale of power transmission line division with effect from Jul. 1, 2006, figures for current period(s) are not strictly comparable to figures for the previous period.
On a standalone basis the company posted a 55.88% rise in net profit at Rs 2128.70 million for the quarter ended September 2007, where as the same was at Rs 1365.60 million, for the same quarter last year.

Highlights of the quarterUnder international competitive bidding (ICB), the company bagged orders worth Rs 29 billion for the supply and installation of the main plant package at the upcoming Jhajjar Super Thermal Power Project in Haryana, involving three units of 500 MW each. The orders have been placed on BHEL by Aravali Power (APCPL), a joint venture company of NTPC, IPGPL and HPGCL. Significantly, this is the highest value boiler and turbine generator (BTG) package contract for a single project ever received by BHEL.Shares of the company closed up Rs 180.35, or 7.42% to settle at Rs 2612.1. The total volume of shares traded at the BSE was 405,033. (Monday).

M&M net dips 26% for Sep`07 qtr
Mahindra & Mahindra (M&M), a leading maker of utility vehicles, posted a 26.01% decline in net profit at Rs 2,859.47 million for the quarter ended September 2007 as compared to Rs 3,864.77 million for the same quarter, last year.
However, on a quarter-on-quarter basis, the company recorded a 49.57% increase in net profit compared with Rs 1,911.70 million for the previous quarter ended June 2007.
Net sales for the quarter rose 12.52% to Rs 28,023.95 million as compared with Rs 24,905.01 million for the quarter ended September 2006.
Total Income increased 12.02% to Rs 28,715.49 million for the quarter ended September 2007 from Rs 25,634.18 million for the quarter ended September 2006.
The diluted EPS, after extraordinary items, stood at Rs 10.69 for the quarter ended September 2007.

Maruti Suzuki Q2 net up 27%
Maruti Suzuki India posted a 26.96% jump in net profit at Rs 4,665.00 million for the quarter ended September 2007 as compared to Rs 3,674.40 million for the same quarter, last year.Total Income increased 33.75% to Rs 47,358.30 million for the quarter ended September 2007, from Rs 35,408.90 million for the quarter ended September 2006.
Net Sales for the quarter rose to Rs 45,473.70 million as compared to Rs 34,191.90 million, a year ago.
The diluted earnings per share of the company stood at Rs 16.15 in the current quarter.


J&K Bank net up 28.30% in Sep`07 qtr

Jammu & Kashmir (J&K) Bank registered 28.30% rise in net profit to Rs 1,078 million in the quarter ended September 2007 from Rs 840.20 million in the quarter ended September 2006. Interest income for the quarter rose 29.13%, to Rs 5,966.90 million from Rs 4,620.70 million for the quarter ended September 2006.
Total income also rose 30.31%, to Rs 6,547.70 million in the current quarter from Rs 5,024.60 million for the quarter ended September 2006

Thomas Cook (consolidated) net up 76% for nine-months ended Sep`07

Kanoria Chemicals net doubles for Sep`07 qtr
Kanoria Chemicals & Industries, manufacturer of chemical intermediates, recorded a phenomenal 2.27 times jump in net profit led by lower input costs and operational efficiencies. The net profit for the quarter ended September 2007 stood at Rs 109.01 million as against Rs 48.05 million in the quarter ended September 2006.Net sales for the quarter dipped 5.60% to Rs 1,035.59 million from Rs 1,096.99 million for the quarter ended September 2006

Thermax Q2 net up 97%
Thermax announced a 97.26% jump in net profit at Rs 692.00 million for the quarter ended September 2007, compared with Rs 350.80 million for the same quarter, last year. Net Sales rose 59.68% to Rs 7,701.00 million in the quarter, from Rs 4,822.90 million in the same quarter, a year ago. Total Income stood at Rs 7,809.60 million for the quarter ended September 2007, where as the same was at Rs 4,910.50 million for the same quarter last year.


Divis Labs net zooms 2.91 times for Sep`07 qtr
Divis Laboratories registered a substantial rise of 2.91 times in net profit for the quarter ended September 2007. During the quarter, the company saw a rise in net profit to Rs 912.50 million from Rs 312.82 million in the same quarter of the previous year.

Total income grew 48.11% to Rs 2,440.50 million in the quarter as compared with Rs 1,647.73 million in the quarter ended Sep.30, 2006.

Unity Infraprojects net up 22% in Q2
Unity Infraprojects announced a 21.94% jump in net profit at Rs 108.36 million for the second quarter ended September 2007, compared with Rs 88.86 million for the corresponding quarter, last year. Net Sales rose 52.47% to Rs 1,529.40 million in the quarter, from Rs 1,003.11 million in the same quarter, a year ago.


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India on Monday became the 20th nation in the world

India on Monday became the 20th nation in the world to have seen its stock market benchmark enter the league of bourses that have touched the 20,000-point milestone. The bellwether index Sensex on Monday breached the 20k level in intra-day trade for the first time in its over two-decade history.

As many as 32 indices spanning across 19 countries have already crossed this mark. After crossing the magical figure in late afternoon trade, the Sensex, however, fell to close at 19,977.67. In Asia, the bellwether index is second only to Hong Kong's Hang Seng to achieve this feat, while markets like China and Japan are yet to see any of their indices touching 20k points. Even in the West, markets like the US, UK, Canada, Germany and France have not seen their indices reaching this mark.

The countries whose stock market indices have crossed 20k level include Mexico, Brazil, Argentina, Venezeula, Peru, Costa Rica, Jamaica, Italy, Poland, Russia, Hungary, Ukraine, Turkey, South Africa, Egypt, Morocco, Nigeria and Hong Kong. Italy and Hong Kong have four indices each trading above 20k level, while South Africa and Peru have three such indices each. Mexico and Russia have two such indices each, while others have one index each to have crossed 20k level.

Argentina's Indice Bolsa General is trading above 1,28,300 points, while Jamaica's JSE Market Index is near 99,000 level. Other big indices in terms of sheer value include Egypt's Hermes Index, Russia's ASP General, Brazil's Bovesta Index, Poland's WSE WIG Index, Turkey's ISE National 100 Index and benchmark index of Nigeria stock exchange, all of which are quoted above 50k points.



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Gainers at 20K.....

BSE Gainers (Sensex)
Company
Current Price
Previous Close
% Change

LARSEN & TOU
4277.45
3876.80
10.33
1,114,902
HOUS DEV FIN
2813.05
2566.00
9.63
181,241
B H E L
2612.10
2431.75
7.42
405,033
O N G C
1238.60
1156.00
7.15
751,953
H D F C BANK
1638.70
1546.05
5.99
52,980
ICICI BANK
1249.40
1184.45
5.48
720,975
RELIANCE
2827.65
2692.25
5.03
1,123,664
RELIANCE ENR
1721.85
1670.00
3.10
1,436,386
NTPC LTD
233.25
228.75
1.97
2,835,204
WIPRO
509.65
499.95
1.94
362,829
----------------------------------------------------

NSE Gainers (Nifty)
Company
Current Price
Previous Close
% Change
Volume
SIEMENS
1930.70
1727.20
11.78
419,347
LARSEN & TOU
4267.75
3872.80
10.20
2,738,438
REL PET
221.80
202.25
9.67
55,196,025
HOUS DEV FIN
2813.00
2571.75
9.38
893,915
B H E L
2615.25
2431.20
7.57
1,740,893
O N G C
1235.95
1155.50
6.96
2,933,415
MTNL
192.80
180.55
6.78
7,630,877
H D F C BANK
1646.95
1546.50
6.50
292,898
S A I L
276.40
262.90
5.14
17,033,345
RELIANCE
2827.90
2698.30
4.80
4,509,529
----------------------------------------------------
GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
l i c housing finance ltd.
360.30
31.42
jindal saw ltd.
738.50
19.99
siemens ltd.
1935.40
12.17
engineers india ltd.
813.15
11.95
gujarat gas company ltd.
339.05
10.69
larsen ` toubro ltd.
4277.45
10.33
reliance petroleum ltd.
221.90
9.79
housing development finance corporation ltd.
2813.05
9.62
alfa-laval (india) ltd.
1045.30
9.29
dredging corporation of india ltd.
858.20
9.08
bombay dyeing ` manufacturing company ltd.
742.10
7.72
bharat heavy electricals ltd.
2612.10
7.41
oil ` natural gas corporation ltd.
1238.60
7.14
mahanagar telephone nigam ltd.
192.85
6.84
gujarat industries power company ltd.
113.60
6.76
punj lloyd ltd.
473.10
6.71
jindal steel ` power ltd
8884.80
5.99
HDFC Bank Ltd.
1638.70
5.99
maharashtra seamless ltd.
535.60
5.91
thermax ltd.
918.30
5.76
chennai petroleum corporation ltd.
316.20
5.75
tamil nadu newsprint and papers ltd.
105.00
5.63
icici bank ltd.
1249.40
5.48
pidilite industries ltd.
200.50
5.41
steel authority of india (sail) ltd.
276.55
5.21
reliance industries ltd.
2827.65
5.02
gujarat mineral development corporation ltd
2479.85
4.99
sobha developers ltd.
975.60
4.95
finolex cables ltd.
84.85
4.94
mangalore refinery and petrochemicals ltd.
63.70
4.94

bharat forge ltd.
351.15
4.33
tata power company ltd.
1182.65
4.24
national aluminium company ltd.
325.15
4.18
national fertilisers ltd.
43.90
4.15
titan industries ltd.
1755.50
4.14
jaiprakash associates ltd.
1404.90
3.84
pfizer ltd.
693.15
3.64
videsh sanchar nigam ltd.
587.50
3.44
bongaigaon refinery ` petrochemicals ltd.
63.90
3.31
ispat industries ltd
28.20
3.10
reliance energy ltd.
1721.85
3.10
-----------------------------------------------------------------------

GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
m r f ltd.
6748.65
19.99
texmaco ltd.
1383.05
19.99
bosch chassis systems india ltd.
422.25
19.99
g i c housing finance ltd.
64.70
19.92
gallantt metal ltd.
23.85
19.84
dewan housing finance corporation ltd.
103.45
19.04
psl ltd.
451.90
17.95
l g balakrishnan ` bros ltd.
27.90
16.25
can fin homes ltd.
71.00
16.10

shaw wallace ` company ltd.
362.35
9.02
sil investments ltd.
113.50
8.87
nucleus software exports ltd.
301.35
8.61
bajaj hindustan ltd.
205.35
8.39
indo tech transformers ltd.
591.55
8.27
jagran prakashan ltd.
660.40
8.16
garware-wall ropes ltd.
181.00
7.93
ttk prestige ltd.
135.00
7.91
everest kanto cylinder ltd.
249.05
7.83
shrenuj ` company ltd.
50.20
7.60
gruh finance ltd.
181.50
7.58
honda siel power products ltd.
282.70
7.55
indiabulls financial services ltd.
649.65
7.49
r systems international ltd.
87.65
7.34
electrosteel castings ltd.
64.65
7.30
alstom ltd.
2239.65
7.23
shoppers stop ltd.
514.25
7.13
sakthi sugars ltd.
78.20
7.12
lakshmi electrical control systems ltd.
360.75
7.07
hindustan construction company ltd.
214.80
6.99
-----------------------------------------------------------------
bayer diagnostics india ltd.
925.50
13.36
ashapura minechem ltd.
321.85
13.18
suashish diamonds ltd.
206.45
11.86
gujarat nre coke ltd.
124.30
11.52
shanthi gears ltd.
80.15
11.24
reliance natural resources ltd.
109.90
10.67
mangalore chemicals ` fertilizers ltd.
40.85
10.55
infomedia india ltd.
243.10
10.00
cinevistaas ltd.
69.85
9.99
zandu pharmaceutical works ltd.
6386.95
9.99
eimco elecon (india) ltd.
484.70
9.99




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