- 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 »
- 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.
- Author: abhisheak
- Filed under: Dividend
- Date: Oct 30,2006
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.
- 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.
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>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
- 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.
- 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.
- 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 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
- 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
- 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.
- 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, 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.
- 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.
>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).
- 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.
- 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)
- 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 .
>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
- 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
- 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.
- 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.
>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
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