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Parsvnath Developers Ltd conducted the bhoomipujan of the ultra modern township Parsvnath Paliwal City, Panipat with a project cost of Rs 235 crores. The plots in the township would be ranging from 250 sq. mtrs. to 836 sq. mtrs. The Company would now develop the township in sector 38-39 of Panipat.They are planning to finish it by 2 years.
Raj Tv has announced the market that for now they have only license to broadcast two channels and which they are going to start sooner , but thing previously they had said that thwy are going to start 12 channels or so and they have approval for that , that may be the reason that Raj Tv is down today.
Videsh Sanchar Nigam Ltd (VSNL) has announced that it has become the first Company to launch WiMax services in India. It has announced the commencement of these services for enterprise customers in Bangalore.but im not sure if thats true , thought we have WiMax from various other telecom providers , not sure i have to check out my previous posts.
Idea and Spice Tele might for a deal in another week or so, thats what market is talkign about but it might be speculation also , i saw this first in moneycontrol , but i also saw this news some where else not sure , but Everyone knw that spice tele is planning for a IPO and its also doing a placement before IPO and Idea was buying in some good portion out of that , if this two company joins hand , they might be the third or fourth big Telecom operators in india.
Patel Engineering rose 2.60% to Rs 429.90 after it announced that the Company has bagged an annuity based Build Operate-Transfer (BOT) project worth Rs 518 crore from National Highways Authority of India (NHAI). The project would be located on NH-7 in the State of Andhra Pradesh under North-South Corridor (NHDP Phase II).
Simplex Infrastructures rose to 7 percent at Rs 347.50 afterthe news of its order win for Rs 1055 crore.Simplex Infrastructures Net profit jumped 57.2% to Rs 17.29 crore in Q3 December 2006 (Rs 11 crore).
GMR Infrastructure Ltd has informed that Delhi International Airport Ltd (DIAL), a subsidiary of the Company, has incorporated a Company named as ‘Delhi Aerotropolis Pvt Ltd’ on May 22, 2007 as its 100% subsidiary,they have formed this company to pursue thr business into commercial property development.
Stocks to watch -
Unitech – Bonus news and DLF IPO
Divis Lab – Impresssive results so still having the party mood
Bajaj Electricals – Bonus and Good results Mood and
L&T – Impressive Results and future plans.
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Bajaj Electricals stocks rose up today by 10 percent first reason is the Bonus Issue news and second is the impressive results . The company’s Q4 net profit was at Rs 18.9 crore versus Rs 13.6 crore on YoY basis. It also approved 1:1 bonus issue. |
The equity shares of MIC Electronics Ltd (Scrip Code: 532850) is to list in the ‘B1′ Group Securities from May 30 2007.
The equity shares of Insecticides India Ltd (Scrip Code: 532851) is to list in the ‘B1′ Group Securities from May 30 2007.
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L&T has announced its fourth quarter and also yearly results. FY07 Data FY07 Net Profit is at Rs 1,403 crore vs Rs 1,317 crore. Net Sales are at Rs 17,579 crore. Q4 07 data Q4 Net Profit of the company is at Rs 700 crore vs Rs 466.8 crore. Q4 Net Sales are at Rs 6,248.24 crore vs Rs 4,627.9 crore. |
Gayatri Projects has secured Five new orders aggregating to Rs 455.40 crores:
1. Name of the Employer: The Superintending Engineer, G.N.S.S. Circle, T.G,P. Colony, KADAPA
Value of Work (Rs in Crores): 111.96
2. Name of the Employer: The Superintending Engineer, DummagudemProject Circle, Khammam
Value of Work (Rs in Crores): 281.61
3. Name of the Employer: The Superintending Engineer, I&CAD, Irrigation Circle, Dowlaiswaram
Value of Work (Rs in Crores): 17.10
4. Name of the Employer: The Superintending Engineer, I&CAD, Irrigation Circle, Dowlaiswaram
Value of Work (Rs in Crores): 13.50
5. Name of the Employer: The Superintending Engineer, I&CAD, Irrigation Circie, Dowlaiswaram
Value of Work (Rs in Crores): 31.23
Tantia Constructions Ltd has informed BSE that they have bagged the following projects
1.Work: Construction and Development of State Highways in the District of Rohtas, State of Bihar,Segment: Infrastructure – Roads,Amount: Rs 113.45 crore approx
2.Work: Construction and Development of State Highways in the District of Districts Lakhisaral & Jamui State of Bihar,Segment: Infrastructure – Roads,Amount: Rs 64.84 crore approx
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The Company with whatever data that was released to stock exchange as total of Rs 281.50 crores approx worth orders from CPWD in the last 3 months. |
SEBI has approval futures and options contracts will be introduced on CNX NIFTY JUNIOR (JRNIFTY) and CNX 100 (CNX100) indices for trading in F&O segment w.e.f. June 1, 2007.
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Unitech Hotel is in the making , sources say that UNITECH might plan to hive off the hotel business into a new company called Unitech Hotels , they are planning to almost 25 hotels under its flagship name Unitech , they are also already approached by major infra funds and US Fund houses.Think this is too many surprises for Unitech today.
Decolight Ceramics IPO : A manufacturer of vitrified ceramic tiles ,IPO closes on May 29 just one more day for closing the IPO is not yet fully subscribed , considered to be a ok IPO with ifrastruction growing at the rate of 30% , one can invest in this IPO.
Price band of Rs 45-54 per share
Plans to raise Rs 43.45 crore
So one more real estate company to hit the maket aftr DLF would be IVR PRIME ,IVR Prime IPO will be out in the next 45 days. It is expected to raise Rs 650-750 crore via diluting 18-21% stake.We will wait and see how the reponse is for DLF then IVR Prime will open.
I was not able to see the opening today from home , i was busy attending a wedding and thats the time by phone came handy , i used the GRPS in my phone and connected to the wap site of BSEINDIA i have to say thats the one of the best wap site by means of usage i have seen , i tracked the market almost for 30 minutes through the phone , BSE Sensex, which stayed above the 14,500 level, for most past of the day, suddenly started declining in late afternoon trade, on heavy profit booking.It gained 59.44 points or 0.41% to settle at 14,397.89, There was nothing to worry for the market when it opened so market opened today with 175 points above previous close , Profit taking in the afternoon session saw the points decline to where it stands now .It almost stays 340 points below the Market all time high of 14723 points.
IVRCL Infrastructure has announced its Q4 and FY07 results. The company has reported net profit of Rs 72.3 crore (Rs 723 million) in Q4 of FY07 as against Rs 43.8 crore (Rs 438 million) in Q4 of FY06 and revenue of Rs 1009.3 crore (Rs 10.09 billion) versus Rs 590.6 crore (Rs 5.9 billion).so the results are above expectation and this has been already witnessed in the market by the stock price going up by 20 rs.
Just a warning please dont try to understand Untechs results , they always post a 1000% increase in net profit and sales ,Unitech has declared its FY07 numbers. The company has reported consolidated net profit of Rs 1305 crore (Rs 13.05 billion) versus Rs 87.7 crore (Rs 877 million) and consolidated revenue of Rs 3,388 crore (Rs 33.88 billion) versus Rs 954 crore (Rs 9.54 billion).FY07 EPS stood at Rs 16.07. and also as you know they have declared 1: 1 bonus , now they have a land bank of 475 Million sq ft compared to DLF land bank of 575 million , the figures that i have give over here is approximate , point i’m trying to make is Unitech is almost in the race to catch the top place.
Whenever i see this stock my BP will go up and down , you will never know when the share is going uo or down suddenly it will be like locked down in upper circuit for 1 week and lower circuit for another week now for sure this stock is going top be locked in upper circuit for the reason that it has Issued of Bonus Shares in the ratio of 1:1., and also it has more reason to cheer , will come out with the results in later post.
They have posted
Net profit of Rs 236 crore versus Rs 155 crore in Q4 of FY06 (Excl Extraordinaries) and
Net sales of Rs 3,176 crore (Rs 31.76 billion) versus Rs 2,632 crore (Rs 26.32 billion).
For FY07, it has posted net sales of Rs 10,050.25 crore (Rs 100.5 billion) versus Rs 8,222 crore (Rs 82.22 billion).
Jain Irrigation Systems Ltd informed that it buys into 50.001% of the share capital of Naandan Irrigation Systems C.S. Ltd, Israel in all cash deal for an amount of $ 21.5 mn. Out of which a sum of $ 10.5 mn will be retained in Naandan for future growth of the Company.This would help Jain irrigation to spread its business all over the world , NaanDan Irrigation who are also into Drip water irrigation system have world wide distributors, it will help mutually both company in sharing the technology .
GMR infrastructure today informed that they have acquired 100% of the paid up share capital of GMR Aviation Pvt Ltd, a Company engaged in rendering aviation services.so this will add to thr revenue .
VSNL announced its Q4FY07 result. Its Q4 net profit was up 17.7% at Rs 131 crore and the company registered 13% growth in revenues at Rs 1084.2 crore in Q4.The market is not happy with the performance , the stock is down after the results.
| Result (Rs cr) | Mar-07 | Dec-06 | Sep-06 | Jun-06 | Mar-06 |
| Net Sales | 252.59 | 149.62 | 161.37 | 160.84 | 127.09 |
| Other Income | 3.40 | 2.45 | 3.41 | 4.36 | 2.58 |
| Total Income | 255.99 | 152.07 | 164.77 | 165.20 | 129.68 |
| Expenditure | -138.70 | -107.08 | -117.88 | -114.77 | -88.30 |
| Operating Profit | 117.29 | 44.99 | 46.89 | 50.43 | 41.38 |
| Interest | -4.06 | -3.81 | -0.65 | -2.06 | -2.14 |
| Gross Profit | 113.23 | 41.18 | 46.24 | 48.37 | 39.24 |
| Depreciation | -8.04 | -5.87 | -4.15 | -4.26 | -3.86 |
| Profit before Tax | 105.19 | 35.31 | 42.09 | 44.11 | 35.38 |
| Tax | -4.21 | -2.58 | -10.81 | -17.36 | -12.48 |
| Profit after Tax | 100.98 | 32.73 | 31.28 | 26.75 | 22.89 |
| Net Profit | 100.98 | 32.73 | 31.28 | 26.75 | 22.89 |
| Equity Capital | 12.91 | 12.82 | 12.82 | 12.82 | 12.82 |
Bharati Shipyard Ltd has informed that Man Ferrostaal AG of Germany has ordered 2 Nos Latest Generation Large PSVs with the Company. The Contract value of each vessel is € 38 million totaling to € 76.00 million (i.e. App Rs 418 crore).Think they have 41 vessels to be built as of now and the order book value is around 3750 crore.
Indian Infoline zooms by 35 percent on news of CLSA offcials joining India Infoline board , Still i dont knw what they are going to bring in , may be some of the CLSA clients , do you think just for that it should raise 35 percent infact more than that on a single day , what to say its a crazy market out thr.
BHEL as posted a net profit of Rs 11503.70 million for the quarter ended March 31, 2007 as compared to Rs 8679.50 million for the quarter ended March 31, 2006. Total Income (net of excise) has increased from Rs 57322.10 million for the quarter ended March 31, 2006 to Rs 72057.00 million for the quarter ended March 31, 2007.
Transcorp International fixes May 28th as the date to meet and talk for Bonus Issue and final dividend.
Tata Tea Ltd through its indirect UK subsidiary Tata Tea (GB) Investments Ltd, had acquired 25% of the shareholding of Energy Brands Inc; USA (“EBI”) and Tata Sons Ltd through its subsidiary Tata Ltd (UK) had acquired 5% of the shareholding of EBI. The total value of 30% holding is US $ 677 million based on an Full valuation of EBI at US $ 2.2 Billion.
Ahluwalia Contracts India Ltd has bagged three civil constructions contracts worth Rs 90 Crores.,
Contract details is as follows
1. Rs 26.00 Crore order from Reliance Communication ADAG for civil and structural work of corporate office, New Delhi.,
2.Rs 41.32 Crore from “M/s. Saluja Construction Co. Ltd” for construction of “The Verandas” premium Residential Complex at Gurgaon, and
3.Rs 22.45 Crore from “M/s. Agilent Technologies”, for construction of IT campus at IMT Manesar, Haryana.
Order Book of the Company stands at Rs 1740 crores.
Orient Paper & Industries Ltd has fixed June 15, 2007 as the Record Date for the purpose of payment of final dividend & right issue of Equity Shares.
Parsvnath Developers Ltd will develop a group housing, Parsvnath Castle in Rajpura, Punjab. The project will meet the increasing demand for housing in the city at an approximate sale worth of Rs 32 crores.Its part of the whole township project which is Parsvnath King Citi a mega 112 acres township project consisting of independent plots, villas, group housing, shopping mall with multiplex, schools, landscaped gardens etc. The township has a sale worth of Rs 250 crores approximately.
Inflation for week ended May 12 at 5.27% vs 5.44%.Earlier thr was a rumor in the market saying if the inflation goes up RBI might raise the CRR again , which saw the market down by 180 points or so in the morning , after the Inflation data came out the market bounced back , making the rumour false.
DLF IPO is planned to open on June 10the 2007 , and the predicted price range for the IPO is around 500-550 rs ,DLF IPO files its Red Herring Prospectus with SEBI on 24th May 2007 for its forthcoming initial public offer. DLF is offering 175,000,000 equity shares of Rs 2 each to the public, through a 100% book building process. The issue comprises reservation of 1,000,000 equity shares of Rs. 2 each for subscription by the employees of the company and a net issue to the Public of 174,000,000 shares.
Central Bank of India has filed its draft red herring prospectus with the Securities and Exchange Board of India for an initial public offering of its equity shares.
Proposed Equity:To issue 8 crore equity shares of Rs. 10 each for cash at a premium to be decided through a 100 per cent book building process.
For Central Bank IPO details
For Central Bank of India Subscription and
For Central Bank of India IPO allotment details come back here.
Source: Sebi
Accentia Technologies Ltd has informed BSE that the Company has bagged USD 2 M order for Real Time Health Care BPO Solutions from one of the leading hospitals in USA. The Real Time Health Care BPO Solution developed by the Company is an extension to its popular offshore methodology branded as HEALTHDOX.
Sterlite Optical Technologies has announced that it has received a contract from MTNL for deployment of a Broadband & Metro Ethernet network in Delhi & Mumbai. The network, once completed, would be capable of handling about half a million broadband connections in these cities. The project is valued at Rs 169 Crores and would be completed during FY 2007-08 & FY 2008-09.
Petron Engineering Construction Ltd has informed that the Company has received Letter of Award from ZEECO INDIA (PVT) LTD for Assembly and Installation of the Flare Packages for Jamnagar Export Refinery Project in SEZ Notified Zone of Reliance Petroleum Ltd for a total value of Rs 7.76 Crores.
Advanta has touched an intra day high of Rs 974.10 and an intra day low of Rs 818.80. Currently, the share is quoting at Rs 974.10, up Rs 162.35, or 20%. I dont see any reason other than the news of “Decision to raise the FII limit from 22 to 49% ” but these company are getting crazy .
The stock was listed at Rs 72 on BSE vs issue price of Rs 70.It touched an intra day high of Rs 80 and an intra day low of Rs 66. At closing, the share was quoting at Rs 67.60, down Rs 2.4, or 3.43%. It traded with volumes of 13,249,222 shares.
Time Technoplast Ltd IPO Oversubscription detail – TIme Technoplast IPO whcih finally closed yesterday
Total Issue Size 3921500
Total Bids Received 194323040
Total Bids Received at Cut-off Price 13396480
No. of times issue is subscribed 49.55
Retail side its oversubscribed by 12 times.
For Time Technoplast Ltd IPO Allotment status come back here.
