RPL News, Corporate Headlines from ET, MC

Moneycontrol.Com

Reliance Petroleum has target of Rs 325-...
Chevron eyes 24% stake in RPL
How does RPL compare to its global peers?
RNRL can test Rs 150: Gaba

RPL or Chevron: Which one's at a
How does RPL compare to its global peers?
2007-11-02 14:23:20 Source : moneycontrol.com
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Chevron has said it is evaluating buying stake in Reliance Petroleum, reports CNBC-TV18. It has time till July 2009 to decide and has an option to buy up to 24% in the company.

So, how does RPL compare to its global peers?

Analysts feel that a lot of that is priced into RPL’s price. The stock has seen a steep movement. In fact, the market capitalization of RPL as of now is over USD 30 billion. This, they added, gives you an indication about the valuations it is getting, ahead of the commencement of its operations, which is expected by July next year.

Most analysts are looking at a gross refining margins, or GRM, of USD 15-18 in the first three years of operations. Now, with crude hovering over USD 95, analysts feel that GRMs are expected to be sustained for at least 10-years instead of 3-years. This means that analysts are discounting the cyclical factor of crude prices.

Analysts feel that one should look at RPL’s earnings and sales as a normal company. So for FY10, they are expecting revenue growth at nearly USD 14.2 billion and profitability of USD 2.25 billion. For a company that will come out with such sustained profitability of USD 2.25 billion, given the constant GRMs of USD 15-18 for the next few years, the market is definitely pricing in a higher PE for RPL.

According to analysts, Infosys is being given a PE of 20-25 times FY10. So, why should RPL which is coming out with similar profits not be given the same kind of PE, they question. But that is on the extreme side. Currently, RPL’s PE is hovering around 16 times FY10, which is much higher than global peers.

In fact, Chevron PE is around 9 to 10 times forward PE while Reliance Petroleum is trading at a premium to that, analysts said. However, Chevron has a market capitalization of USD 190 billion and has a refining capacity of nearly 132 million tonne. In that sense, RPL is trading at a premium to its global peers and a lot of this is being going to be discounted when the refinery comes on stream next year.

Reliance Petroleum has target of Rs 325-330: Bose
2007-11-02 11:08:19 Source : moneycontrol.com
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Technical Analyst, Rajat K Bose is of the view that Reliance Petroleum has target of Rs 325-330.
Bose told CNBC-TV18, "Beyond Rs 291 is difficult to project because the run up in Reliance Petroleum has been pretty sharp. The target would be Rs 325 to 330 in the short-term. But after yesterday’s fall, such huge volumes I have never seen in any stock with that kind of a market capitalisation. So still it is moving up. It shows that it has got enough of momentum to cross the Rs 291 mark and move forward further. But we need to very closely watch the Rs 291-294 range. In RPL, RNRL bull rally continues, even in such a situation it is pretty encouraging for traders, especially day traders can make lot of money in such counters."
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Chevron has said that it is evaluating RPL stake option, adding that it has time till July 2009 to decide, reports CNBC-TV18. It has option to buy up to 24% in RPL, it informed.
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SBI has target of Rs 2400
Dhawan bullish on bank space
RPL can cross Rs 300
Above Rs 140-145, Triveni Engg can go upto Rs
MF AUM up 16.7% at 5 lakh cr in Oct: AMFI
Long run mkt fundamentals very strong: ICICI Pru


Second innings for Birla's fin services biz
What to expect from Nifty cos this year?
Fed open to further rate cuts if needed: Peter Hooper
Google launches OpenSocial to spread social applications
Airtel introduces the ‘Super Lifetime Prepaid’

Buy 3i Infotech; target of Rs 190: PINC
Rediff.Com reports results for Q2 ended September 30,07
Financial Technologies Group partners with OMX

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The Economic Times.


Reliance Energy arm set to win transmission bid

IDFC Pvt Equity invests Rs 35 cr in Doshion
Apar to sell polymers unit for Rs 1.11 billion
Strong close to week start: Sensex gains 250 pts
Circuit Systems lists at Rs 42 on BSE
MMTC sees strong run-up in 3 months


Glodyne acquires US co for $3.34 mn in cash
Microsoft launches Silverlight 1.0 in India
HCL Technologies ties up with UK's Misys
UN ties up with Google, Cisco to fight poverty


Sale of single-premium policies takes a hit
RBI loan rules turn good assets into bad

Religare Platter: M&M, BoB, Jagran Prakashan, Idea



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MyIris.Com, Rediff Updates

Myiris.Com

NAVs of equity funds advance 10.55% in Oct. `07
Circuit Systems closes with 24.28% premium
Advanta India`s arm buys stake in LongReach
Fiscal deficit declines at 53.8%
L&T enters in JV with US Co

Mundra Port IPO oversubscribed 5.57 times on day two
World Bank approves 3 loans in India
World Bank to grant loans to Maharashtra
Bilcare net up 38.24% for Sep`07 qtr
Active stock: Apar Industries climbs 5%

Inflation declines to 3.02%
Lanco Industries net up 2.4% in Q2
Emami net up 22% for Sep`07 qtr
Power Grid to set up office in Dubai

Barak Valley IPO oversubscribed 29.15 times on closing

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Rediff.Com

Which MFs can get you maximum profits
Best IPOs
Top 25 MFs
Mutual funds for long-term investors - V



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Sensex up by 252 pts at close

NIFTY 5932.40 65.95
SENSEX 19976.23 251.88

The bulls, after staying away from the ring for a better part of the session, staged a dramatic comeback and lifted the market high up into the positive territory in late afternoon trade today.
The negative close on Wall Street and weak Asian markets due to fresh concerns over subprime lending in US did cast a shadow on the Indian bourses when trade commenced this morning.

Though a few frontline stocks, led by State Bank of India, ONGC and Infosys Technologies, managed to find support and posted smart gains in early afternoon trade, it was only during the fag end of the session the bulls decided to swing back into action with great vigor.

The Sensex, which was down with a massive loss of nearly 470 points at 19,255.77 at one stage this morning, vaulted to a high of 20,025.63 in late afternoon trade and ended with a sparkling gain of 251.88 points or 1.28% at 19,976.23. The Nifty, which had tanked to a low of 5714.25, zoomed 1.12% or 65.95 points over its previous closing mark to 5932.40.

State Bank of India (up 8.75% to Rs 2251.75) turned in a sparkling performance and played a stellar role in lifting the sentiment today. Other heavyweights from the banking sector, HDFC Bank (up nearly 5%) and ICICI Bank (2.45%) also finished on a high note.

Reliance Energy (4.8%), ONGC (2.7%), Grasim Industries (2.2%), ITC (2.05%), Infosys Technologies (2.05%) and BHEL (2.05%) posted strong gains. Maruti Suzuki, which remained quite listless today, ended with a sharp gain of 1.8%.

Index heavyweight Reliance Industries bounced back into the positive territory a little past mid afternoon and closed with a handsome gain of 1.55% at Rs 2712.70. Tata Motors (1.5%), NTPC (1.2%) and Tata Steel (1%) also closed with notable gains.

Larsen & Toubro, one of the stocks to buck the weak trend this morning, lost its way midway through the session but recovered well during the final hour of trade to close stronger by 0.8%. Hindustan Unilever, Ambuja Cements, Ranbaxy Laboratories and Dr. Reddy's Laboratories posted modest gains. Bajaj Auto and Tata Consultancy Services ended almost unchanged from their previous closing levels.

Bharti Airtel had another weak outing on concerns over the ACC, Satyam Computer Services, HDFC, Wipro, Cipla and Mahindra & Mahindra eased by 1% - 2%. Despite enjoying a bright spell in the positive territory, Reliance Communications ended in the negative territory with a loss of 0.6%. Hindalco closed with a marginal loss.

Reliance Petroleum, Siemens, Hindustan Petroleum Corporation, Unitech, Punjab National Bank, SAIL and ABB finished with smart gains.
GAIL India, HCL Technologies, Nalco, Hero Honda, GlaxoSmithKline Pharma, Zee Entertainment and VSNL ended with sharp losses.

Besides sector heavyweights State Bank of India, HDFC Bank and ICICI Bank, a few other bank stocks also closed on a high note today. Bank of Baroda, Union Bank of India, Allahabad Bank, Indian Overseas Bank, Andhra Bank, Centurion Bank of Punjab, Yes Bank, Oriental Bank of Commerce, Axis Bank, Punjab National Bank, Kotak Bank, Dena Bank, Indian Bank, Bank of Maharashtra, UCO Bank, IDBI and Vijaya Bank were among the major gainers from the banking sector.

Fertilizers & Chemicals hit the roof today. National Fertilizers also hit the upper circuit. Dredging Corporation, Engineers India, Spice Telecom, Punjab Lloyd, Hinduja TMT, Mangalore Refineries & Petrochemicals, Bongaigaon Refinery, LIC Housing Finance, Gujarat Minerals, Aventis Pharma and Bharat Forge closed with strong gains.

Ruchi Soya, Kalyani Steel, Adlabs Films, IOL Broadband, IVRCL Infrastructure, JK Cement, JM Financial Services, Gujarat Alkalies, PTC India, Nagarjuna Fertilizers, Geodesic Infosys, Everest Kanto Cylinder and Kirloskar Oil Engines were among the major gainers from the midcap space.
Among smallcaps, Polyplex, Prime Securities, Nocil, Voltamp Transformers, Panchmahal Steel, Sona Koyo, Dolphin Offshore, South Asian Pipes, Ruchi Infrastructure, Hindustan National Glass, Adhunik Metals, Sahara One, Goldiam International, Mercator Lines, Arihant Foundations, Rico Auto, Deepark Fertilizers, Aztec Software, Noida Toll Bridge and Paradyne Infotech gained significant ground.

Out of 2802 stocks traded on BSE today, 1399 stocks closed with gains. 1340 stocks ended in the negative territory and 63 stocks finished at their previous closing levels.

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GAINER- BSE Group A
Company
Last Price (Rs.)
Gain(%)
fertilisers and chemicals travancore ltd.
28.55
19.95
national fertilisers ltd.
66.80
19.92
dena bank
72.50
11.19
dredging corporation of india ltd.
959.05
9.99
engineers india ltd.
904.10
9.99
state bank of india
2251.75
8.73
bank of baroda
372.85
6.54
punj lloyd ltd.
498.40
6.30
hinduja tmt ltd.
436.00
6.25
mangalore refinery and petrochemicals ltd.
82.10
6.20
bongaigaon refinery ` petrochemicals ltd.
70.85
6.14
union bank of india
187.85
5.92
indian bank
163.15
5.70
tata power company ltd.
1297.05
5.52
l i c housing finance ltd.
354.95
5.23
gujarat mineral development corporation ltd
2647.90
4.99

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GAINER- BSE Group B1
Company
Last Price (Rs.)
Gain(%)
lakshmi electrical control systems ltd.
462.10
19.99
polyplex corporation ltd.
203.75
19.99
jindal photo ltd.
218.00
19.97
national organic chemical industries ltd.
40.30
19.94
agro dutch foods ltd.
30.70
19.92
ruchi soya industries ltd.
117.80
19.83
richa knits ltd.
28.75
19.79
voltamp transformers ltd.
1642.20
19.04
d c m ltd.
58.35
18.71
nilkamal plastics ltd.
241.05
14.56
sona steering systems ltd.
54.80
11.83
kalyani steels ltd.
471.30
11.80
adlabs films ltd.
978.45
11.02
bihar caustic ` chemicals ltd.
75.15
10.10
bayer diagnostics india ltd.
1478.15
9.99
adhunik metaliks ltd
171.70
9.99
paradyne infotech ltd.
241.60
9.99
salora international ltd.
223.20
9.97
visesh infotecnics ltd.
29.70
9.79
reliance natural resources ltd.
142.00
9.39

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GAINER- BSE Group B2
Company
Last Price (Rs.)
Gain(%)
shetron ltd.
61.85
19.98
prime securities ltd.
165.15
19.97
skm egg products export (india) ltd.
18.15
19.80
vikram thermo (india) ltd.
28.25
19.19
bombay swadeshi stores ltd.
108.05
18.21
ashim investment company ltd.
57.95
15.66
alufluoride ltd.
28.70
14.11
panchmahal steel ltd.
269.00
14.05
gei hamon industries ltd
125.00
11.90
sanguine media ltd.
35.35
11.69
ponni sugars (erode) ltd.
34.45
10.95

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Corporate/Personailty of the Day

Oil and Natural Gas Corporation

Oil and Natural Gas Corporation Limited (ONGC) (incorporated on June 23, 1993) is an Indian public sector petroleum company. It is a Fortune Global 500 company, and contributes 77% of India's crude oil production and 81% of India's natural gas production. It is the highest profit making corporation in India. It was set up as a commission on August 14, 1956. Indian government holds 74.14% equity stake in this company.
ONGC is engaged in exploration and production activities. It is involved in exploring and exploiting hydrocarbons in 26 sedimentary basins of India. It produces about 30% of India's crude oil requirement. It owns and operates more than 11,000 kilometers of pipelines in India. Until recently (March 2007) it was the largest company in terms of market cap in India.[1].

For More, Visit: http://en.wikipedia.org/wiki/ONGC



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Financial Services Job and other stock news

Job Openings in Axis Holdings
Position: Investment AnalystFirm: Axis HoldingsContact: Interested candidates may submit their updated resumes to careers@axisholdings.in with subject line “IAN”.For more details visit the company site at:http://www.axisholdings.in/careers.htm

Job Openings in Capital IQ
Capital IQ has research openings in locations outside India.For application and more details on the same visit:http://www.capitaliq.com/main/careers_opportunities.asp


Job Openings at Edelweiss
Branch Manager,Manager,Senior Research Analyst,Wealth Managers vacncies need MBA's,CA's specifically.To apply use this link:http://www.edelcap.com/Careers/Vacancy.aspx?ReportID=5070F325-D267-4909-B718-A0F2BC9E8A10


Credit Analyst openings in Google
Google India is looking for an experienced Credit Analyst to work in its EMEA and Asia Pacific markets based in its Hyderabad or Gurgaon office.For application and more details on the same visit:http://www.google.co.in/support/jobs/bin/answer.py?answer=37314

Job Openings in Karvy
Job Title:Mutual Fund Research Analyst (Asst. Mgr./Dy. Mgr./Manager)Qualification:MBA/ MS FinanceFor application visit:http://hr.karvy.com/career_mfra.asp

Job Openings in Crisil
Current Openings:1)CRISIL Ratings»Manager - Business Development»Manager - Corporate and Infrastructure»Manager - Structured Finance2)CRISIL Research»AnalystFor other Openings and Application visit:http://www.crisil.com/crisil-careers/jobs.htm

Job Openings in Networth Stock Broking
Current Vacancies:1)Relationship Manager / Senior Relationship Manager2)Senior.Executive/Asst.Manager / Manager ComplianceFor Application use the link below:http://www.networthstock.com/vacancies.aspx


Job Openings in Anand Rathi
Different Positions are avaliable in Anand Rathi including:1)Relationship Manager2)Assistant Relationship Manager3)Senior ManagerFor application and Resume upload visit:http://www.rathi.com/positions.asp



Multibagger Stock Pick-Indian Bank
Company:Indian BankIndustry:Finance - Banks - Public Sector CMP:154.05 PE Ratio:8.71Recommendation:Outperformer (Oct 31)

Siemens Medical
Siemens Medical Solutions Diagnoistics was recmmended in this blog on the 22nd of October(see blog archive) at price of Rs. 775.Today its touched Rs. 1100.There sure is more upside in this stock but investors can wait for some correction to take some positions in this stock if it satisfies their investment criteria.One this is there for sure that this stock is a great pick for long run and can give many more pleasent surprises.So watch out for any correction in this stock. (Oct30)

Kovai Medical Center and Hospitals Ltd.
Company:Kovai Medical Center and Hospital Ltd.Industry:Hospitals & Medical Services Recommendation:Performer

Low price Multibagger buy
Company:Tube Investments of India Ltd.Industry:Cycles & Accessories 12 month target price:Rs 100Recommendation:Performer

Surya Pharmaceuticeutical Stock Prospects Report
Company:Surya Pharmaceuticals Ltd.Industry:Pharmaceuticals
Recommendation:Performer

Pochiraju Industries Ltd. Report
Company:Pochiraju Industries Ltd.Industry:Floriculture
Recommendation:Outperformer

Kirloskar Oil Engines Ltd. Report
Company:Kirloskar Oil Engines Ltd.Industry:Engines
Recommendation:Outperformer

Multibagger Stock Pick-Kirloskar Electric Company Ltd.
Company:Kirloskar Electric Company Ltd.Industry:Electric Equipment - General Recommendation:Outperformer

Low PE stocks with good fundamentals and prospects
PE ratio is one of the indicators on the valuation of the stocks.In these high markets there are still some stocks which have a low PE and also good fundamantals and bright prospects considering the industry,the company plans and management.Some of the most prominent ones are listed below with their PE ratios:1)Mirza International Ltd-PE ratio 10.242)Tube Investments of India ltd-PE ratio 6.563)Sundaram Fastners Ltd-PE ratio 14.494)Gujarat Industries Power Company Ltd-PE ratio 8.72 ( as on Oct23)

Gujarat NRE Coke-Multibagger Stock Pick
Company:Gujarat NRE coke Ltd.Industry:Coke/Metallurgical Coke Recommendation:Outperformer

GIPCL-Multibagger stock pick
Company:Gujarat Industries Power Company Ltd.Industry: Power - Generation/Distribution Recommendation:Outperformer

K S Oils Ltd. Stock Prospects
Company:K S Oils Ltd.Industry:Edible Oils & Solvent Extraction
Recommendation:Outperformer

Jain Irrigation Systems Stock Prospects!!!
Company:Jain Irrigation Systems Ltd.Industry:Drip Irrigation Systems
Recommendation:Outperformer

Multibagger Stock Pick-Indo Tech Transformers Ltd.
Company:Indo Tech Transformers Ltd.Industry:Power - Transmission/EquipmentRecommendation:Outperformer

Sundaram Fasteners-Value Stock Pick
Company:Sundram Fasteners Ltd.Industry:Fasteners
Recommendation:Outperformer


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VC, PE updates and Around the blogs

VCCircle.Com

Walton Street To Invest $100M In Shriram Properties; To Buy Land In Pune, Gurgaon

Publicis Buys Indian PR Firm Hanmer & Partners

PayPal Introduces Withdrawal Into Indian Bank Accounts

DFJ Gets Down To Work; Closes Two Deals Already, And Two More In The Works

VenturEast Announces Launch Of $150-Million Tech Fund

Sequoia Backs Engineering Outsourcing Firm Satellier

Nalanda Capital To Invest $35 Million In Vaibhav Gems

IFCI Venture Capital, Germany’s UBF-B To Launch €100M Auto Comp Fund

M&A Roundup: Glodyne To Make US Acquisition; And More Deals

Cisco Commits $100 Million More In Venture Capital Investments In India

Chennai’s Diagnostic Equipment Company Trivitron Raises $11 Million From HSBC PE, ePlanet Ventures

JP Morgan To Set Up $2B Infrastructure Fund; Tata Realty Plans $750M

---------------------------
Indiape.Com

VenturEast unveils $150mn multi-stage technology fund
Orient Global bought 4.99% stake in Yes Bank

Nalanda picks 14.9% in Vaibhav for $35 m
IFC to pick stake in Karnataka Bank

Private equity firms innovate in challenging India
Goldstone buys 51% stake in 4G Informatics

Walton Street bought stake in Shriram Properties
Infosys looking at 15 $100mn deals overseas in 10 months
IFCI Venture launching PE fund for auto sector

-----------------------------------------------
delweiss Capital IPO : Edelweiss IPO opens on Nov 15th
Review and Analysis of Edelweiss Capital IPO :
About Edelweiss Capital Limited :
Headquartered in Nariman Point, Mumbai the company is a a diversified financial services company, providing investment banking, institutional equities, private client broking,wealth management, insurance broking and wholesale financing services to corporate, institutional and high net worth individual clients. The company operates from 43 offices in 21 cities around India.
Financials of Edelweiss Capital IPO : Consolidated Total Income of the company for the fiscal 2006 and 2007, was Rs. 1,580.0 million and Rs.3,712.5 million, respectively.
In fiscal 2006 and 2007, Edelweiss Capital’s consolidated profit after was at Rs. 405.5 million and Rs. 1,090.1 million, respectively.
Objects of the Edelweiss Capital IPO : The company intends to use the proceeds raised through the issue for, enhancement of margin maintenance with stock exchanges, establishment of additional offices and acquisition of office infrastructure, enhancement of existing technological capacity and loan prepayment.

Edelweiss Capital Limited IPO : Edelweiss IPO opens on 15 Nov

Following the successful IPO done by Religare Enterprises IPO, Edelweiss Capital Limited is also coming out with an IPO issue through the book building route. Edelweiss Capital Limited is a competitor of Religare Enterprises Limited. Edelweiss Capital IPO opens for subscription on November 15, 2007 and will close for subscription on 20th November 2007. The face value of shares of Edelweiss Capital Limited offered through the proposed IPO would be Rs. 5 each. Edelweiss Capital Limited has fixed the price band for the IPO between Rs. 725 and Rs. 825 per share. Post IPO, the shares of Edelweiss Capital Limited will be listed both on NSE and the BSE. The lead managers for the Edelweiss IPO issue are Kotak Mahindra, Citigroup Global Markets and Lehman Brothers. Intime Spectrum is the registrar for the IPO. CRISIL has given a grading of 4/5 for the Edelweiss Capital Limited IPO. However keep in mind that these ratings don’t make much sense. They only tell investors how the company is placed fundamentally, with respect to its competitors. The rating does not take into account the valuation of Edelweiss IPO. Apparantly, Edelweiss IPO has been priced more aggressively compared to the religare IPO. But in such a strong bull run, no matter how aggressively a company prices its IPO, its bound to get oversubscribed heavily. A decision on whether to apply in the Edelweiss Capital IPO or not can be taken on Nov 20, after looking the Edelweiss IPO subscription details till Nov 19, 20007. For updates on the Edelweiss IPO subscription details and Edelweiss IPO allotment status do visit this site often.


State Trading Corporation Bonus Issue Details


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Headlines from ET, Moneycontrol

Economic Times

India to stay in talent top club till 2012
Stocks to Watch on Thursday
EPF may join bullwagon to realise better returns
Equity funds post best monthly gains in 4 yrs


Morgan races Morgan for Jaguar & Land Rover
Mallya joins Deccan board as Vice Chairman
RBI appoints 2 executive directors

Maruti Suzuki October vehicle sales up 15 pc
TVS Motor October sales rise 13 per cent
BAL October sales flat at 2.48 lakh units
TVS bike sales dip 26 pc in October

Numbers Game: Mixed quarter for most banks
CRR hike to hit co-operative banks the most
Videocon to bid for Navi Mumbai airport

PGCIL to open office in Dubai; eyes stake in Transco at $800mn
L&T gets Rs 5500 cr Mumbai airport order
Sintex acquires French company for $55 million
Pyramid Saimira enters US market; acquires FunAsia
NDTV 24x7, NDTV Profit to be launched in Singapore

Verizon gets LoI for NLD, ILD licences
VSNL to be named Tata Communications
VSNL building $200 mn Asian cable system
India falls five places in Global Competitiveness Index

Goldman Sachs consolidates stake in HTMT Global
India's exports rise by 19.26% despite rupee rise
IFCI stake sale: One bidder may opt out
Bulls may trap unions to trust mkts with EPFO money


Oil India Ltd shareholders approve IPO proposal
Edelweiss IPO price band at Rs 725-825
HCL to set up 5 tech centres at Rs 1,000 cr each
Corbus, RMSI in Nasscom's list of best cos to work for
Exporters' package in 2 weeks: Nath

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Moneycontrol.Com

Fed cut to further fuel rally: Experts
Power Grid board okays JV with REL: NW18
Usha Martin’s QII cons net profit at Rs 45.95cr up by 49%
News flow pushing up RPL prices: KR Choksey
Sujana Towers net sales at Rs 12599.24 lakh
Buy KEC International; target of Rs 851: IndiaInfoline

NRB Bearings Q2FY08 net sales at Rs 78.20cr up by 7%
Exide enters lead smelting & recycling business
B.A.G Films & Media’s Qtrly PBT up 101%
Marico acquires Enaleni’s subsidiary

Jai Balaji posts net profit of Rs 50.87 cr
Kalpataru Power reports 26% increase in total revenue
Sangam (India) Q2FY08 net sales up 38% at Rs 189cr
Vipul Ltd records 213% increase in net profit at Rs 11.19cr

Sona Koyo Steering forms JV with AAM
Parenteral Drugs registers 446.87% growth in net profit
Indoco Remedies net profit up 31.67%


Financial Tech total income increases by 1024% to Rs 4610mn
Financial Technologies (India) Limited, India’s leading technology solutions provider for capital, commodities, forex and bond markets, today announced its unaudited financial results for the quarter and half year ended September 30, 2007.

Financial Technologies has reported total income of Rs.4610 million for the quarter ended September 30, 2007, a growth of 1024% as compared to Rs.410.2 million for the quarter ended September 30, 2006. EBITDA margin stood at 96% and PAT has grown to Rs. 3385 million as compared to Rs.262.5 million for the same period, a growth of 1189%.

Q2 FY2007-08 (July-September 2007) vs. Q2 FY2006-07 (July-September 2006)

· The total income increased by 1024% to Rs. 4610 million in Q2FY2007-08 as compared to Rs. 410.2 million in Q2FY2006-07.
· EBITDA has gone up by 1398% to Rs. 4422.5 million in Q2FY2007-08 as compared to Rs.295.3 million in Q2 FY2006-07
· EBITDA margin has increased to 96% in Q2FY2007-08 as compared to 72% in Q2FY2006-07
· PBT was up by 1396% to Rs. 4365.2 million in Q2FY2007-08 as compared to Rs.291.8 million in Q2FY2006-07.
· PAT expanded by 1189% to Rs.3385 million in Q2FY2007-08 as compared to Rs.262.5 million in Q2FY2006-07

Kotak Mahindra Bank launches Kotak BillPay
Core Projects revenues jump 278.57%, PAT up 281.43%
CBoP’s net profit up 34% to Rs 416mn

Likely to bag $82m West Asian order: Power Grid
TCI H1 EBIDTA jumps 22%



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Result Updates

Teledata Group NP at rs 205.77 crore1 Nov, 2007, 1900 hrs IST
Teledata Group has recorded net profit of Rs 205.77 crore for the second quarter ending September 30,2007.

Gammon India net down 34.49% for Sep`07 qtr

Tube Investments net down 40.38% for Sep`07 qtr

Cinemax`s net up 58.47% for Sep `07 qtr

Taj Gvk Hotels net up 6.75% in Q2

Ansal Properties net up 2.34 times for Sep`07 qtr

Essar Oil loss narrows 52.66% for Sep`07 qtr

Aarti Industries` net dips 21.33% for H1FY08

Aptech swings to profit of Rs 1.40 mn

Deccan Aviation net loss widens for Sep` 07 qtr

Sunil Hi-Tech net zooms 4 times for Sep`07 qtr

Radico Khaitan net up 53.96% in Sep` 07 qtr

LT Overseas net up 45.57% for Sep`07 qtr

Shriram City Union Finance net up 96% in Sep`07 qtr

Alok Industries Q2 earnings climbs 31.65%

Madhucon Projects net up 19.89% in Sep`07 qtr

P&G net up 34.72% in Sep`07 qtr

EIEL Q2 net up by 51% at Rs 24.72 cr



Aftek Q2 net profit up at Rs 25.73 cr
1st-Nov-2007
Aftek Limited declared its Q2 FY08 result. The company in Q2 FY08 has registered net sales of Rs 93.74 crore, up 19.10% on YoY basis.


Ruchi Soya Q2 net profit up at Rs 32.6 cr
1st-Nov-2007
Ruchi Soya has declared its second quarter results. Its Q2 net sales stood at Rs 1989 crore versus Rs 1555 crore.


DCB Q2 net profit up at Rs 14.5 cr
1st-Nov-2007
DCB has declared its second quarter results. Its Q2 NII stood at Rs 50.7 crore versus Rs 27 crore.


Ispat Q2 net profit up at Rs 13.5 cr
1st-Nov-2007
Ispat in Q2 has reported net profit of Rs 13.5 crore versus Rs 2.32 crore on YoY basis. During the same quarters, its net income was at Rs 2049 crore versus Rs 1891 crore, YoY.


Aptech Q3 net profit down at Rs 7.68 cr
1st-Nov-2007
Aptech Q3 CY07 net profit at Rs 7.68 cr versus Rs 10.47 crore on YoY basis. During the same period, the company reported net sales were at Rs 65.3 cr versus Rs 54.7 cr, YoY.


United Spirits Q2 net profit up at Rs 80.2 cr
1st-Nov-2007
United Spirits in Q2 FY08 has registered net profit of Rs 80.2 cr versus Rs 67 crore in the same quarter previous year. During the same quarters, its net sales were at Rs 752.6 crore versus Rs 753.5 crore.



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.