Categories

RBI Governor announces Mid-term Review of Annual Policy for 2006-07

  • Author: Ganapathy
  • Filed under: Bank, india
  • Date: Oct 31,2006

* Repo Rate increased to 7.25 per cent from 7.0 per cent.
* The flexibility to conduct overnight repo or longer term repo including the right to accept or reject tender(s) under the LAF, wholly or partially is retained.
* Reverse Repo Rate, Bank Rate and CRR kept unchanged.
* GDP growth forecast at around 8.0 per cent during 2006-07.
* Inflation to be contained within 5.0-5.5 per cent during 2006-07.
* Monetary and credit growth expected to be higher than the initial projections.
* When issued trading to be extended to fresh issues of Central Government securities.

Read the rest of this entry »


Bseindia – Sensex Losses 62 points

  • Author: Ganapathy
  • Filed under: india
  • Date: Oct 31,2006

Sensex finished 62.36 points or 0.48% lower to 12961.90. Earlier today it opened higher at 13048.76 and surged to an all time high of 13075.85. Its low for the day was at 12907.94.
Reliance Communications was down 3.70% to Rs 379 on high volumes of 22.43 lakh shares. It had surged to a high of Rs 400 in early trades.Index heavyweight, Reliance Industries (RIL) was down 0.47% to Rs 1226.70 on 7.30 lakh shares.Swinging between 1240 and 1220.


Goldiam International Ltd has informed the BSE that the board of directors of the company at its meeting held on October 28 has decided to declare and pay interim dividend of Re 1.00 per share of Rs 10 each fully paid up.
Dewan Housing Finance Corporation Ltd has informed the BSE that the board at its meeting held on October 19 has declared 10 per cent interim dividend (Re 1/- per share) and approved the payment of stipulated preference dividend for the period up to September 30, 2006.


Vijayeswari Textiles IPO – Files for DHRP with SEBI

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 30,2006

Vijayeswari Textiles IPO – Fresh issue : Equity Shares of Rs. 10 each aggregating to Rs. 9,000 lakhs,Vijayeswari Textiles known as VTX, was established in 1954 as a yarn manufacturer, and soon developed a reputation for spinning superfine cotton yarns made exclusively from selected, long-staple cotton grown in India, Egypt and America. The company also produces linen/cotton and silk/cotton blended fabrics.
The limited public company expanded into sophisticated weaving, finishing and sewing, focusing on home fashions. Today, VTX generates annual sales of more than US$ 30 million on its finished home textiles, including sheets, pillows, shams, duvet covers, quilts, matelassé coverlets, blankets and throws.

Approximately 90 percent of VTX products are exported; its major markets include the U.S., Europe, New Zealand and Australia. The company targets the mid- to high-end markets, selling luxury fashion and basic bedding to select retail customers. VTX has showrooms at 230 Fifth Ave., New York; Acton, London; and Forestville, Sydney.

>Sundaram BNP Paribas Mutual Fund has declared a dividend of 40 % in Sundaram BNP Paribas Select Midcap Fund. Record date has been fixed as October 27, 2006.
>Reliance Mutual Fund has announced a dividend of 25 % under the dividend plan of Reliance Growth Fund. The record date for the same has been fixed as October 30, 2006


KS Oils Ltd declares 1:1 Bonus

  • Author: Geetha
  • Filed under: Bonus
  • Date: Oct 30,2006

Mustard oil manufacturer, KS Oils Ltd has said it will issue 94 lakh bonus shares to its shareholders in the ratio of 1:1.


Sensex stays above 13000 for the first time

  • Author: Ganapathy
  • Filed under: india
  • Date: Oct 30,2006

We have to say its the Strong Q2 results whihc has lifted the sensex to the magic 13000number this QTR and also it lifted the Sensex for the second day in a row.As you can see more than 100 main company as come out with thr results today whihc you can see in my other post. Shares of private sector banks, refiners, and index heavyweights Infosys, Reliance Industries and ONGC took the barometer index above the level of 13,000. Good it dint respond to global weakness and just played its own ball.
The 30-share BSE Sensex jumped 117.45 points or 0.9% to settle at lifetime closing high of 13,024.26. The barometer index today hit the psychologically important 13,000 level for the first time in its history.


Lanco Infratech IPO opens on November 6th too

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 30,2006

When i add too in the title then means there is a competetion for it parsvanath Builders IPO is also opening on the same date , i will soo compare the two and come out with an analysis.Lanco Infratech, an infrastructure development company with interests in power generation, construction and property development, is entering the capital market with an initial public offering, IPO of 4,44,72,381 equity shares of Rs 10 each for cash at a price to be decided through the 100% book-building process, as per press release.
The issue opens for subscription/bids on November 6, 2006 and closes on November 10, 2006. Price Band for the IPO is between Rs 200 and Rs 240 per equity share.


Accel Frontline Closes below par

Accel Front line a infotech company whihc went public listed today,It opened at Rs 77.90 on the BSE and at Rs 77 on the NSE.
On the BSE, the share closed at Rs 70.70, with volumes of 26,64,840 shares. It touched an intraday high of Rs 79.90 and an intraday low of Rs 70.
On the NSE, the share finished at Rs 69.90, with volumes of 25,34,268 shares. It touched an intraday high of Rs 80 and an intraday low of Rs 69.30.


ABB Q3 net profit at Rs 82.1cr
Abhishek Industries Q2 net profit at Rs 13.2cr
Action Construction Q2 net up at Rs 4.24cr
Adhunik Metaliks Q2 net profit at Rs 20.2cr
Ador Welding Q2 net up at Rs 11.6cr
Aftek Infosys Q2 net profit at Rs 22.5cr
Alfa Laval Q3 net profit up at Rs 21.1cr
Alok Ind Q2 net profit up at Rs 32.6cr
Andhra Sugars Q2 net profit at Rs 16.3cr
Apar Ind Q2 net up at Rs 12.1cr
Areva T&D Q3 net profit at Rs 36cr
Ashok Leyland Q2 net profit up at Rs 95.3cr
AstraZeneca Q3 net profit up at Rs 12.4cr
Balkrishna Ind Q2 net up at Rs 19.3cr
BEML Q2 net profit up at Rs 36.6cr
Bilcare Q2 net profit up at Rs 118cr
Birla Corporation posts net profit of Rs 67.5cr in Q2
Birla Ericsson Q2 net loss at Rs 64 lakh
BoB Q2 net up 11.31% at Rs 288.36cr
Bombay Dyeing Q2 net profit at Rs 10.3cr
Britannia Q2 net profit at Rs 21.2cr
Carborundum Universal Q2 net rises at Rs 15.7cr
Celebrity Fashions reports net loss of Rs 5.8cr in Q2
Century Enka Q2 net profit at Rs 7.80cr
Chambal Fert Q2 net profit at Rs 38.6cr
Cummins India Q2 net profit at Rs 62.7cr
Deccan Aviation Q1 net loss at Rs 42.94cr
Divi’s Labs Q2 net profit up at Rs 31.3cr
Dredging Corp Q2 net profit at Rs 36cr
Empee Sugars Q2 net profit at Rs 1.2cr
Eveready Q2 net profit at Rs 2.05cr
GAIL Q2 net profit at Rs 448.4cr
Geojit Q2 net profit at Rs 5.72cr
GHCL Q2 net profit at Rs 24.7cr
GMDC Q2 net profit at Rs 15.5cr
Godrej Consumer Q2 net profit at Rs 26.1cr
Gokaldas Exports Q2 net profit up at Rs 20.8cr
Goldiam Intl Q2 net profit at Rs 6cr
Gontermann Piepers Q2 net rises at Rs 3.63cr
GSK Pharma Q3 net profit up at Rs 285cr
Gujarat Sidhee Q2 net profit at Rs 8.6cr
Gwalior Chemical Q2 net profit at Rs 4.65cr
Hanung Toys Q1 net profit at Rs 6.12cr
Himatsingka Seide Q2 net up at Rs 16.2cr
Hindustan Dorr Q2 PAT at Rs 3.9cr
HOCL Q2 net loss at Rs 9.89cr
Hotel Leela posts net profit of Rs 22.1cr in Q2
IDFC Q2 net profit up at Rs 141cr
IL&FS Investsmart Q2 net profit at Rs 12.4cr
India Glycols Q2 net rises at Rs 20.7cr
Indian Hume Pipe Q2 net up at Rs 5.51cr
Indo Tech Trans Q2 net up at Rs 4.61cr
Indoco Remedies Q2 net profit at Rs 1.5cr
Indraprastha Gas Q2 net profit at Rs 34.7cr
Ind-Swift Labs Q2 net profit at Rs 4.5cr
INOX Q2 net profit at Rs 6.96cr
International Combustion Q2 net up at Rs 2.17cr
IOB Q2 net profit up at Rs 249.85cr
IOC Q2 net up at Rs 3050.3cr
ITC Q2 net up 18.7% at Rs 679.6cr
IVRCL Infra Q2 net profit at Rs 16cr
Jagran Prakashan Q2 net profit up at Rs 17.54cr
Jain Irrigation Q2 net profit at Rs 16cr
Jyoti Q2 net profit at Rs 44 lakh
Karnataka Bank Q2 net rises at Rs 59.6cr
KCP Sugar Q2 net profit at Rs 7.46cr
Kirloskar Electric Q2 net profit at Rs 3.92cr
KS Oils Q2 net profit up at Rs 11.1cr
Madhucon Projects Q2 net up at Rs 113cr
Madras Cements Q2 net profit up at Rs 90cr
MphasiS Q2 cons net up 54.35% at Rs 23.4cr
MRPL Q2 net profit at Rs 9.29cr
Nahar Exports Q2 net rises to Rs 14cr
Nahar Spinning Q2 net up at Rs 16.8cr
Nalco Q2 net profit at Rs 595cr
Nectar Life Q2 net profit up at Rs 10cr
Nestle Q2 net up at Rs 83cr
NTPC Q2 net profit at Rs 1473.9cr
Nucleus Software Q2 cons net profit at Rs 13.86cr
Numeric Power Q2 net profit at Rs 4.76cr
Oriental Bank Q2 net profit at Rs 466cr
Oudh Sugar Q1 net profit at Rs 17 lakh
Pantaloon Retail Q1 net profit up at Rs 38.6cr
Patel Engg Q2 net profit at Rs 25.46cr
PBA Infra Q2 net profit at Rs 3.42cr
PNB Q2 net profit rises to Rs 505cr
Prism Cement Q1 net profit at Rs 22cr
PTC India Q2 net profit at Rs 8.65cr
Ramkrishna Forgings Q2 net up at Rs 3.81cr
Reliance Comm Q2 net up 37% at Rs 702cr
SAIL Q2 net profit at Rs 1443cr
Samtel Color Q2 net loss at Rs 60 lakh
Sasken Comm Q2 net profit up at Rs 11.5cr
Sesa Goa Q2 NPAT down 18% at Rs 25.66cr
Shoppers Stop Q2 net profit at Rs 8cr
SREI Infra Q2 net profit rises to Rs 14.8cr
Subex Azure Q2 net up at Rs 9.14cr
Sujana Metal Q2 net up at Rs 11.1cr
Sundram Fasteners Q2 net rises at Rs 25.4cr
Sunflag Iron Q2 net profit at Rs 7.37cr
Syndicate Bank Q2 net profit at Rs 205cr
Tata Chemicals Q2 net profit at Rs 157.7cr
Tata Elxsi Q2 net profit up at Rs 119cr
Tata Motors Q2 net profit at Rs 441.72cr
Tata Steel Q2 cons net profit at Rs 1140cr
Tata Tele Q2 net loss at Rs 92.95cr
Torrent Pharma Q2 net profit up at Rs 25.6cr
TV18 Q2 cons net profit at Rs 16.04cr
UCO Bank Q2 net profit at Rs 101cr
Universal Cables Q2 net profit at Rs 5.64cr
Varun Shipping Q2 net profit up at Rs 45cr
Vindhya Tele Q2 net profit at Rs 3.18cr


Info Edge (India) IPO opens today

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 30,2006

Offer of 53.23 lakh shares in the price band of Rs 290-320.I have already covered it in this post.
Info Edge IPO Details


BSEINDIA – Sensex Hits 13000 today

  • Author: Ganapathy
  • Filed under: india
  • Date: Oct 30,2006

The forst time topday when it touched the 13000 points i missed it but now i caught it
BSE 13,007.04 100.23 and Nifty : 3,763.70 24.35
so the BSE Sensex has hit 10000 , 11000, 12000 & 13000 in 2006. is that not great a work from sensex.


ITC announces Q2 results – Just above expectation

  • Author: kalyan
  • Filed under: Results
  • Date: Oct 30,2006

ITC Q2 Net Profit is up 18.7% at Rs 679.6 crore vs Rs 572.3 crore. The revenue is at Rs 2887.6 crore vs Rs 2183.2 crore.


Reliance Communications has announced Q2 results. Its net profit is up 37% at Rs 702 crore vs Rs 512.7 crore (QoQ). Revenue up 8% at Rs 3,526 crore from Rs 3250.1 crore.


Reliance Retail – Reliance Fresh Opens Stor in Hydrabed

  • Author: Ganapathy
  • Filed under: Reliance, india
  • Date: Oct 30,2006

Reliance Retail, the 100% subsidiary of Reliance Industries, on Sunday unveiled Reliance Fresh, the first of its multi-format retail foray involving an investment of Rs 25,000 crore.Reliance Fresh is the company’s brand for neighbourhood fresh food outlets. It will also sell kitchen equipment and other edibles.Besides, it has planned hypermarkets, supermarkets, discount stores, department stores, convenience stores and specialty stores, to be unveiled shortly.
They are proceeding the Walmart way , Walmart opens normal walmrt stores where there is less space and opens a walmart super store in place where they have a lot of space to use , and the superstore concept includes everything from fmcg to groceries to cloths to car tyres to anything you name it you will get it thr.
The next stop for Reliance Retail will be Ahmedabad, where the company will launch an outlet on December 28, the birthday of RIL founder Dhirubai Ambani. After that, it will move to West Bengal and Punjab, followed by simultaneous launches in Delhi and Mumbai.Up next, is Fresh Plus, – Reliance’s second retail format likely to be launched next month that will also house a pharmacy, and section for apparel and consumer durables.And six months later, Reliance hopes to rollout its Hypermarket format.75,000 square feet of multiple brands of apparel, FMCGs , groceries and white goods.For now, the spotlight remains on Reliance fresh. 40 similar stores are being planned in Hyderabad .11 of which will open their doors to customers on the 3rd of November.After ITC’S Choupal Fresh and Landmark’s Max Retail stores, Reliance joins the list of retailers who choose Hyderabad to test the waters. And why not, Hyderabad offers real estate at a price that doesn’t quite pinch and a population that’s happy shopping at supermarkets. In fact, FMCG sales through modern trade are highest in Hyderabad.


State Bank of India (SBI) Net Profit Down 2.5 %

  • Author: Subramanian
  • Filed under: Bank, Results
  • Date: Oct 28,2006

State Bank of India (SBI) has reported a net profit of Rs 1,184.49 crore for the second quarter ended September 2006 (standalone basis).This is as against Rs 1,215.36 crore in the corresponding period of the last fiscal. However, on a consolidated basis, the net profit at Rs 1,801.76 crore is higher than Rs 1,632.68 crore in the same period last year.
Operating profit for Q2FY’07 at Rs 2,473 crore is up by 24.69 per cent as against Rs 1,983 crore during Q2FY 06.For the first six months of the current financial year, SBI posted a net profit of Rs 1,983.06 crore, lower by 18.7 per cent as compared with the same period last year. It would have been higher but for two factors – presence of one time item of interest on IT refund and higher tax provisions.
Interest income on advances in H1FY07 registered an impressive growth of 37.48 per cent y-o-y. Excluding the impact of one-time items, Net Interest Income (NII) is up by 8.87 per cent over H1FY06.Net Interest Margin (NIM) for the half year ended September 2006 was at 3.32 per cent compared to 2.92 per cent as on March 31, 2006 (adjusted for one time interest income). Thus Core NIM has improved by 40 bps.


Dividends : Canbank mutual fund and Natco declares dividend

>Canbank Mutual Fund has declared a dividend of seven per cent in its CanCigo scheme.
>Natco Declares Dividend : The NPL board, which met here on Thursday to take on record unaudited financial results, has recommended an interim dividend of 12.5 per cent for the year (Rs 1.25 per share).


Info Edge IPO Opens on October 30 and closes on November 2.

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 28,2006

India’s Info Edge IPO to raise $29M starting on October 30th and closing on November 2nd 2006. Info Edge’s origins were way back in 1997. IIts wing of sites include Naukri (job search Portal), 99Acres (Real estate Portal), Jeevansathi (Matrimonial Portal).Not many internet company as filed for an IPO and have come across , this is first of a kind , you can see in nasdaq Rediff and sify are listed but not in indian market , so this being a one of a kind there can be a good response from the public.

It plans to raise Rs 154.4 crore – Rs 174 crore based on a price band of Rs 290-320 per share. The offer constitutes 19.5 per cent of the fully diluted post issue paid-up equity capital of the company.
Funded for
>Purchase or lease real estate for their offices,
>To acquire companies
>Foray into sectors like Messages through mobiles
Equity Distribution
Employee portion : 5.32 lakh equity shares.
Public : 47.91 lakh equity shares.
Financial Results
The company recorded total income of Rs 84.06 crore for fiscal year 2006 . Net profit stood at Rs 13.29 crore .
News BITS
KPCB and Sherpalo bought a 5 percent stake from the founders of Info Edge for $6 million, valuing Info Edge at $120 million, according to the offer document filed by Info Edge with the regulators.Sherpalo investments headed by sriram is the same company which invested in google also.


Sensex added all the lost points.

  • Author: Ganapathy
  • Filed under: india
  • Date: Oct 28,2006

Sensex, rose 208.40 points, or 1.6 per cent to 12,906.81, Among other prominent gainers,
Bank index rose by 84.06 points at 6398.65,
Auto index by 71.78 points at 5393.44,
Tech index by 60.81 points at 3287.18,
IT sector index by 49.13 points at 4804.25,
Metal index by 29.57 points at 9131.61,
Healthcare index 25.03 points at 3629.84,
Consumer durable index by 24.92 points at 3256.75 and
FMCG index by 24.29 points at 2010.45.
(PTI)


Parsvnath Developers plans IPO

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 28,2006

Parsvnath Developers plans IPO – Parsvnath Developers has announced the launch of an IPO that could be worth over Rs 1000 crore. The shares would be priced between Rs 250-300 and the issue will open on November 6.This is inline with news that Ansal property is also planning a IPO .


Today Company Results Declared

>GE Shipping Q2 net profit up at Rs 235cr
>HPCL posts net profit of Rs 1222cr in Q2
>Bata Q3 net profit at Rs 6.1cr
>BHEL Q2 net profit up at Rs 360cr
>Orient Paper Q2 net profit at Rs 20.4cr
>LIC Hsg Fin posts net profit of Rs 75.9cr in Q2
>Bannariamman Sugars Q2 net profit up at Rs 32.5cr
>Nagarjuna Fertilisers Q2 net profit at Rs 18cr
>MTNL Q2 net profit at Rs 121cr
>Pantaloon Retail Q4 net profit up at Rs 15.8cr
>BEL Q2 net profit at Rs 148.3cr
>Mcleod Russel Q2 net profit at Rs 100cr
>Bharti Q2 net up 23.7% at Rs 934cr
>Moser Baer posts net profit of Rs 25.9cr in Q2
>Suzlon Q2 cons net profit at Rs 235cr
>Hind Oil Exploration posts net loss of Rs 9cr in Q2
>Sun TV Q2 net profit jumps to Rs 48cr
>Jindal Stainless Q2 net profit at Rs 97cr
>Tulip IT Q2 net profit at Rs 20.2cr
>Patni Computer Q3 net profit at Rs 118cr
>NIIT Tech Q2 net up 23.39% to Rs 26.9cr
>Century Tex posts net profit of Rs 74.8cr in Q2
>Bank of India Q2 net profit at Rs 212cr
>Royal Orchid Q2 net profit rises to Rs 6.68cr
>RCF Q2 net profit up at Rs 43.3cr
>Stride Arcolab Q2 net profit at Rs 11.6cr
>NIIT Q2 net profit up at Rs 10.3cr
>Dr Reddy’s Q2 net profit at Rs 292.5cr
>Amara Raja Batteries Q2 net profit at Rs 12.7cr
>Cosmo Films Q2 net up at Rs 4.75cr
>Hindustan Motors Q2 net loss at Rs 5.38cr
>Corporation Bk Q2 net profit at Rs 127cr


Global Vectra TOOK OFF today but CRASHED after Take Off

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 27,2006

Global vectra also had a start like DCB but down now to almost issue price
>On the NSE, at 10:19 am, the share was quoting at Rs 182.75, with volumes of 5,14,994 shares. It has touched an intraday high of Rs 250 and an intraday low of Rs 170.05.
>On the BSE, at 10:19 am, the share was quoting at Rs 182.50, with volumes of 5,87,290 shares. It has touched an intraday high of Rs 190 and an intraday low of Rs 175.
Currently trading at 189 as of 12.30 Pm


Bharti Airtel announces 2007 Q2 results – Above Expectation

  • Author: kalyan
  • Filed under: Results
  • Date: Oct 27,2006

Bharti Airtel has declared its second quarter results. The company’s Q2 net profit rose 23.7% at Rs 934 crore (Rs 9.34 billion) in the second quarter versus Rs 755 crore (Rs 7.55 billion) in the previous quarter.Its revenues were up 13% at Rs 4,357 crore (Rs 43.57 billion) from Rs 3,856.3 crore (Rs 38.56 billion) QoQ.


Development Credit Bank IPO Debuts with 36% premium

  • Author: Subramanian
  • Filed under: Bank, IPO
  • Date: Oct 27,2006

Development Credit Bank, one of India’s private sector bank promoted by the Switzerland-based Aga Khan Fund for Economic Development, AKFED, headquartered in Mumbai, has listed at Rs 35.35 on the BSE with 35.96% premium over its offer price of Rs 26 per share.
Presently at 12.10 its quoting at 46 rs.


Bonus issue and Record Date

>530999 Balaji Amines Ltd. Declares 1:1 Bonus issue
>Bonus issue of Jagran Prakashan Ltd record Date of “03/11/2006″ and becomes Cum bonus on November 1 and Ex bonus from november 2nd 2006.
>Bonus Issue of Maharashtra Industrial Leasing & Investments Ltd. Cum bonus on November 1 and Ex bonus from november 2nd 2006. and Record Date is
>Bonus issue of Jeet Machine Tools Cum bonus on November 1 and Ex bonus from november 2nd 2006.Record Date is 15/11/2006


Results – Zee Tele ,Noida Toll Bridge and Reliance Capital

  • Author: kalyan
  • Filed under: Results
  • Date: Oct 27,2006

Zee Tele Q2 net profit at Rs 33.3 Cr Vs Rs 42.5 Cr (YoY), Consolidated revevenue at Rs 464 Cr Vs 336 Cr (YoY)
Noida Toll Bridge Q2 net profit at Rs 2.15 cr Vs Loss of Rs 2.7 cr; Q2 revenues at Rs 11.4 cr
Reliance Capital Q2 net profit up 18% at Rs 182 Cr from Rs 163 Cr, total income at Rs 537 Cr Vs Rs 246 Cr


Listing of Equity Shares of Global Vectra Helicorp Limited

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 27,2006

Global Vectra Helicorp Ltd. 1,40,00,000 Equity shares of Rs.10/- each fully paid-up.
Bse Scrip Code: 532773
Scrip ID on BOLT System : GLOVECTRA


Listing of Equity Shares of Development Credit Bank Ltd.

  • Author: Subramanian
  • Filed under: IPO
  • Date: Oct 27,2006

Development Credit Bank Ltd. whihc issued 14,76,32,187 Equity shares of Rs. 10/- each fully paid-up.
Bse ScripCode : 532772
ScripId on Bolt : DCB


Amara Raja Batteries declared impressive Q2 Results.

  • Author: kalyan
  • Filed under: Results, Tips
  • Date: Oct 27,2006

Amara Raja Batteries Q2 net profit at Rs 12.7 Cr Vs Rs 4.5 Cr.Its 250 % increase in profit , i have already recomended this in my site prev year.


Markets – Bseindia – Sensex closed in green – today is F&O expiry

  • Author: Ganapathy
  • Filed under: india
  • Date: Oct 27,2006

The markets closed in the green today after choppy trading session of the October F&O expiry. Bank, metal, & IT stocks were the major gainers, while oil & FMCG shares were a drag.The Sensex ended up 0.6% at 12,698 & the Nifty up 0.5% at 3678 points.
BSE Bank index ended up 3.5%.
BSE Metals index up 2%.
BSE Oil & Gas index closed down 1.2%


Company Declared 2007 Q2 results today

  • Author: kalyan
  • Filed under: Results
  • Date: Oct 26,2006

–>Andhra Bank posts net profit of Rs 146.5cr in Q2
–>Dabur Pharma Q2 net profit at Rs 6.96cr
–>Corporation Bk Q2 net profit at Rs 127cr
–>SCI Q2 net profit at Rs 321cr
–>Texmaco posts net profit of Rs 5.99cr in Q2
–>Berger Paints Q2 net profit at Rs 23.6cr
–>Madras Fert Q2 net loss at Rs 39.5cr
–>ICI India Q2 net profit at Rs 20.5cr
–>DCM Shriram Cons Q2 net profit at Rs 10.8cr
–>Jayshree Tea Q2 net up 28% at Rs 11.11cr
–>SPIC Jul-Sep net loss at Rs 66.2cr
–>Chennai Petro Q2 net profit at Rs 97.2cr
–>Chettinad Cement Q2 net rises to Rs 34.2cr
–>Eicher Motors Q2 net profit at Rs 14.2cr
–>Upper Ganges Sugar posts net loss of Rs 5cr in Q1
–>Allahabad Bank Q2 net profit at Rs 210cr
–>Sakthi Sugars Q1 net profit up at Rs 9.95cr
–>GMR Infra Q2 cons net profit at Rs 25.6cr
–>SKM Egg Q2 net profit up at Rs 2.72cr
–>SRF Q2 net profit at Rs 89.2cr
–>Liberty Shoes Q2 net profit at Rs 3.39cr
–>Northgate Tech Q2 net profit up at Rs 15.4cr
–>Suryajyoti Spinning Q2 net up at Rs 3.12cr
–>Zen Technologies Q2 net loss at Rs 2.2cr


Shipping Corporation of India Q2 net profit at Rs 321 Cr Vs Rs 150 Cr
Maharashtra Seamless Q2 net profit at Rs 62 Cr Vs Rs 28 Cr…


M&M Q2 net profit at Rs 386.5 Cr – announces its Q2 results

  • Author: kalyan
  • Filed under: Auto, Results
  • Date: Oct 26,2006

Mahindra & Mahindra Q2 net profit at Rs 386.5 crore Vs Rs 158.7 crore. Numbers include exceptional income from Tech Mahindra IPO. Numbers include Rs 117.5 crore from Tech Mahindra IPO and include Rs 40.4 crore as Octroi Refund.Net sales are at Rs 2490 crore vs Rs 1914.8 crore.Exports are up 51% and farm equipment exports are up by 64%.


Maruti Q2 Net Profit is at 367 crore – announces its Q2 results

  • Author: kalyan
  • Filed under: Auto, Results
  • Date: Oct 26,2006

Maruti Q2 Net Profit is at Rs 367 crore vs Rs 262.7 crore. This is above the market expectations. CNBC TV 18 estimated the figure at Rs 359.2 crore.The net sales are at Rs 3,419.2 crore vs Rs 3,037.8 crore. Other income is at Rs 121.7 crore vs Rs 109 crore. OPM is up 280 bps at 13.9% vs 11.1%. Current Tax is at Rs 167 crore vs Rs 123 crore.


HeroHonda – Declares Q2 Results – Net Profit Down.

  • Author: kalyan
  • Filed under: Auto, Results
  • Date: Oct 26,2006

Hero Honda, the world’s largest manufacturer of two-wheelers, has announced its second quarter results. The company’s Q2 net profit was down 9.2% at Rs 215.9 crore (Rs 2.15 billion) from Rs 237.9 crore (Rs 2.37 billion).Its total turnover was up at Rs 2289.4 crore (Rs 22.89 billion) versus Rs 2209.36 crore (Rs 22.09 billion).


TVS Motors has announced its second quarter results

  • Author: kalyan
  • Filed under: Auto, Results
  • Date: Oct 26,2006

TVS Motors has announced its second quarter results. The company reported net profit of Rs 24.83 crore (Rs 248.3 million), down 22.3% as against Rs 32 crore (Rs 320 million).
Its net sales were up 36.6% at Rs 1077.89 crore (Rs 10.77 billion) in the second quarter versus Rs 789.2 crore (Rs 7.89 billion) in the same period of previous year.


Metro Tyres IPO – Planning IPO for 100 Crores

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 26,2006

Metro Tyres is set for expansion with an initial public offering, IPO of Rs 100 crore (Rs 1 billion) for enhancing production at two-wheeler tyre-manufacturing units in Ludhiana, reports Business Standard.


Ansal IPO – Plan to offer another 2500 crore through Public offering

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 25,2006

Delhi-based Ansal Properties & Infrastructure Ltd on Monday said it planned to raise Rs 2,500 crore by offering shares to the public to fund expansion.
Sources said APIL intended to offer 20-25% equity for this purpose in December. However, its current market capitalisation on the BSE is only Rs 2,546 crore.
Source: Financial Express.


Ruchira Papers IPO – plans to raise Rs 28.5 cr thru IPO

  • Author: Ganapathy
  • Filed under: IPO
  • Date: Oct 25,2006

Ruchira Papers Pvt Ltd, a Himachal Pradesh-based kraft paper manufacturer, said on Monday that SEBI had approved its plans to raise Rs 28.5 crore through the Initial Public Offering (IPO), being made through the 100 per cent book building process. The funds would be utilised towards setting up a manufacturing unit at Kala-Amb in Himachal Pradesh.


ICICI Bank announces 2007 Q2 results – Pretty impressive

  • Author: Subramanian
  • Filed under: Bank, Results
  • Date: Oct 24,2006

ICICI Bank has declared its second quarter results. ICICI Bank’s Q2 net profit up 30% at Rs 755 crore from Rs 580.05 crore, above analyst expectations. The growth is driven by higher retail demand.Its NII was up 47% at Rs 1,577 crore from Rs 1,070 crore. The bank’s retail assets were up by 57% at Rs 1,07,679 crore from Rs 68,537 crore.Its deposits were up 57% at Rs 1,89,499 crore from Rs 1,20,452 crore, YoY.


Bseindia and NSEindia both will be closed for today and tomorrow for diwali pojja and also For Id festival.


BookClosure and Record Date registered with BSEINDIA

500850
INDIAN HOTEL
RD
27/10/2006
3/11/2006
Stock Split From Rs.10/- to Rs.1/-
500312
ONG CORP LTD
RD
27/10/2006
30/10/2006
0102 Bonus issue
532221
SONAT SOFTWR
RD
27/10/2006
30/10/2006
Interim Dividend
532343
TVS MOTOR L
RD
27/10/2006
30/10/2006
Interim Dividend
532503
RAJAPAL MILL
RD
27/10/2006
30/10/2006
Interim Dividend
507260
OUDH SUGAR
BC
30/10/2006
1/11/2006
A.G.M./45% Dividend
509475
BOMBAY PAINT
BC
30/10/2006
1/11/2006
A.G.M.
531135
S & Y MILLS
BC
30/10/2006
1/11/2006
A.G.M.
960803
IDBIRIBBFL14
RD
30/10/2006
11/11/2006
Payment of Interest
532391
OPTO CIRCUIT
RD
30/10/2006
31/10/2006
0101 Bonus issue
500676
GLAXOSMI CON
RD
31/10/2006
1/11/2006
Interim Dividend
502355
BALKRISH IND
RD
31/10/2006
1/11/2006
Interim Dividend
945259
KMPL16MAY6
RD
31/10/2006
7/11/2006
Payment of Interest
500096
DABUR INDIA
RD
3/11/2006
6/11/2006
Interim Dividend
500191
HMT LTD
BC
1/11/2006
3/11/2006
A.G.M.
530367
NRB BEARING
RD
1/11/2006
2/11/2006
Interim Dividend
524711
VISTA PHARMA
BC
1/11/2006
3/11/2006
A.G.M.
530621
AKAR TOOLS L
BC
1/11/2006
3/11/2006
A.G.M./14 % Dividend
532612
INDOCO REM
BC
1/11/2006
3/11/2006
A.G.M./62.5 % Dividend
945331
GECAPZ6
RD
1/11/2006
8/11/2006
Payment of Interest
500359
RANBAXY LABO
RD
2/11/2006
3/11/2006
50% Interim Dividend
514043
HIMATSINGKA
RD
2/11/2006
3/11/2006
Interim Dividend
514274
AARVEE DEN E
RD
2/11/2006
3/11/2006
5% Interim Dividend
523367
DCM SHR CONS
RD
2/11/2006
3/11/2006
Interim Dividend
524494
IPCA LAB LTD
RD
2/11/2006
3/11/2006
35% Interim Dividend
531774
TRIPEX OVER
RD
2/11/2006
3/11/2006
15% Interim Dividend
532356
TRIVENI ENGI
RD
2/11/2006
3/11/2006
35% Interim Dividend
532705
JAGRAN PRAK
RD
2/11/2006
3/11/2006
0105 Bonus issue
500425
GUJARAT AMBU
RD
2/11/2006
4/11/2006
75% Second Interim Dividend
522074
ELGI EQUIP
RD
2/11/2006
4/11/2006
Interim Dividend
531431
SHAKTI PUMPS
BC
2/11/2006
6/11/2006
10% Dividend
511024
SUBWAY FIN.
RD
2/11/2006
15/11/2006
0701 Bonus issue
513012
JEET MACHINE
RD
2/11/2006
15/11/2006
0701 Bonus issue
500210
INGERSOL RND
RD
3/11/2006
6/11/2006
30% Interim Dividend
500260
MADRAS CEMNT
RD
3/11/2006
6/11/2006
Interim Dividend
500820
ASIAN PAINTS
RD
3/11/2006
6/11/2006
Interim Dividend
505523
MAH IND LEAS
RD
3/11/2006
6/11/2006
0503 Bonus issue
520056
SUNDARAM CLA
RD
3/11/2006
6/11/2006
Interim Dividend
526707
ALCHEMIST LT
RD
3/11/2006
6/11/2006
50% Interim Dividend
530001
GUJ ALKALI
RD
3/11/2006
6/11/2006
15% Interim Dividend
532369
RAMCO INDUSR
RD
3/11/2006
6/11/2006
Interim Dividend
890120
HINDALCOPP
RD
3/11/2006
6/11/2006
General (First Call Money For
Partly Paidup of Rs. 24/-)
945255
KMPL18MAY06
RD
3/11/2006
10/11/2006
Payment of Interest
505885
ALFA LAVAL
RD
6/11/2006
7/11/2006
Interim Dividend
511072
DEWAN HOU FI
RD
6/11/2006
7/11/2006
Interim Dividend
513446
MONNE ISPAT
RD
6/11/2006
7/11/2006
Dividend
532401
VIJAYA BANK
RD
6/11/2006
7/11/2006
10% Interim Dividend
532424
GODREJ CONS*
RD
6/11/2006
7/11/2006
Second Interim Dividend
532751
EASUNREYRL
RD
6/11/2006
7/11/2006
Interim Dividend
530191
CHROMATI IND
BC
6/11/2006
8/11/2006
A.G.M.
990001
6.75% US-64
BC
6/11/2006
13/11/2006
Payment of Interest
523289
RAMA VISIO L
BC
8/11/2006
10/11/2006
A.G.M.
523574
PANTAL RETAI
BC
8/11/2006
10/11/2006
25% Dividend
524542
SUKHJIT ST C
BC
8/11/2006
10/11/2006
0101 Bonus issue
532099
DATABASE FIN
BC
8/11/2006
10/11/2006
A.G.M.
500620
GREAT EASTE*
BC
8/11/2006
15/11/2006
Scheme of Arrangement
960873
ICITX1OCT03
RD
8/11/2006
15/11/2006
Redemption of Bonds
500337
PRIME SECU L
RD
9/11/2006
10/11/2006
15% Interim Dividend
500376
SATYAM COMP
RD
9/11/2006
10/11/2006
50% Interim Dividend
500830
COLGATE PALM
RD
9/11/2006
10/11/2006
Interim Dividend
532749
ALLCARGO GLO
RD
9/11/2006
10/11/2006
25% Interim Dividend
512205
VATSA EDUCAI
BC
9/11/2006
13/11/2006
A.G.M.
945042
KMPL25MAY05
RD
9/11/2006
16/11/2006
Payment of Interest
501455
GREAVES COTT
RD
10/11/2006
13/11/2006
20% Interim Dividend
531894
VATSA MUSI L
BC
10/11/2006
14/11/2006
A.G.M.
532162
JK PAPER
BC
10/11/2006
14/11/2006
6% Dividend
514199
BALA TECH SY
BC
14/11/2006
16/11/2006
A.G.M.
522122
PORRIT SPENC
BC
14/11/2006
16/11/2006
A.G.M.
532753
ASHIM INV
BC
14/11/2006
16/11/2006
10% Dividend
526797
GREENPL INDU
RD
15/11/2006
16/11/2006
20% Interim Dividend

Bonus Announcement – Arvind Chemicals announces 2:1 Bonus

  • Author: Geetha
  • Filed under: Bonus
  • Date: Oct 24,2006

Arvind Chemicals Ltd has informed BSE that the board at its meeting held on October 19 has recommended payment of final dividend of 5 % and issue of bonus shares in the ratio of 2:1.


Morgan Stanley Growth Fund announces dividend of 20 percent

Morgan Stanley Mutual Fund has announced a dividend of 20 per cent under Morgan Stanley Growth Fund. The record date is October 27.


BRPL Q2 net flat at Rs 50.29 cr
IBP net loss at Rs 166.68 cr in Q2
TV Today net up 41 pc in Q2
Federal Bank Q2 net profit up at Rs 59.4cr
Bharati Shipyard has declared its second quarter results. Its net profit is up at Rs 12.7 crore from Rs 7.89 crore.


Rain Calcining has declared its second quarter results. The company’s net profit is up at Rs 22.3 crore (Rs 223 million) from Rs 13 crore (Rs 130 million).Its net sales are up at Rs 189.2 crore (Rs 1.89 billion) from Rs 154 crore (Rs 1.54 million).


Alstom Projects has announced its second quarter results. The company reported net profit of Rs 31.3 crore (Rs 313 million) in the second quarter versus Rs 11.5 crore (Rs 115 million) in the same period of last year.Its total income was up at Rs 277.9 crore (Rs 2.77 billion) from Rs 231.3 crore (Rs 2.31 billion).


India Cements announced impressive 2006 Qtr result

India Cements has announced its second quarter results. The company reported net profit of Rs 117.3 crore (Rs 1.17 billion) in the second quarter as compared to Rs 5.85 crore (Rs 58.5 million) in the same period of previous year.Its total income was up at Rs 517.2 crore (Rs 5.17 billion) from Rs 392.3 crore (Rs 3.92 billion).Its way above than market expectation.


Bseindia – Markets down again -Sensex closed in deep red

  • Author: Ganapathy
  • Filed under: india
  • Date: Oct 23,2006

The markets ended weak today , saw it in red and green today when it opened but for sure the air was smelling full of bearish trend today,so on broad-based selling, with bank & metal stocks among the major losers market saw some good downslide. The major sector indices closed in negative territory.The Sensex ended down 0.9% at 12,623 & the Nifty down 0.7% at 3657 points.
The BSE Bank index ended down 1.4%,
The BSE Metals index ended down 1.3%.
The BSE FMCG index ended down 1.3%.
The BSE Small Cap index down 0.3%.
NSE CNX Midcap index ended down 0.6%


LIC Mutual Fund Asset Management Company has announced that it would pay a dividend of 2.50 rupees per unit in LICMF Equity, LICMF Tax Plan and LICMF Opportunities funds. The fund house has fixed 23 October as the record date for the dividend distribution.


Hot Stocks in BSE

Tips on Fly