Godrej Properties IPO – Files for DRHP with SEBI

• Author: Lalitha
• Filed under: DRHP, IPO
• Date: May 31,2008

About Godrej Properties

Godrej Properties was established in 1990 as a real estate development company within the Godrej Group of businesses. The company was originally incorporated as Sea Breeze Constructions and Investments Private Limited on February 8, 1985.

The company’s name was changed to Godrej Properties and Investments Private Limited on July 2, 1990 and subsequently to Godrej Properties Limited on November 23, 2004. Since 1897, customers have trusted Godrej to deliver innovation and excellence across a broad spectrum of services and products.
About Godrej Properties IPO Details
Godrej Properties, one of the leading real estate development companies in India, proposes to enter the capital markets to raise necessary funds for the company’s expansion plans and has filed a draft red herring prospectus with SEBI.The company proposes an initial public offering of 9,429,750 equity shares of Rs 10 each through 100% book building process to part finance this plan.

What is GDP or What is gross domestic product

• Author: Lalitha
• Filed under: Economic Data, economy growth
• Date: May 31,2008

Every qtr they come out with GDP figure which will really tell how the country is doing , For example every day you do you daily income and spendings atleast on the income side you just calculate it at the end , you finally see hiw much you have spent and how much you have saved every month and if the saving gets increased then you will feel like you are growing same way but too complicated logic is involved when it comes to finishing out how a country is doing on the growth side,
What is GDP or Gross domestic product

The gross domestic product (GDP) is one the primary indicators used to gauge the health of a country’s economy. It represents the total money value of all goods and services produced over a specific time period – you can think of it as the size of the economy. Usually, GDP is expressed as a comparison to the previous quarter or year. For example, if the year-to-year GDP is up 3%, this is thought to mean that the economy has grown by 3% over the last year.

Inflation at 8.1 percent for the week ending May 17 2008

• Author: Lalitha
• Filed under: Inflation
• Date: May 31,2008

Inflation for week ended May 17 stood at 8.1% Vs 7.82% , they where expecting at 7.91 percent , everyone knows that there is a price hike in petrol and diesel price today , not sure how much its going to moot the inflation for coming weeks.

Reliance Power Ex Bonus Price falls below expectation

• Author: Geetha
• Filed under: Bonus
• Date: May 31,2008

Reliance power which went into ex-bonus from yesterday closed well below expectation , The stock is currently trading at Rs 235, which is less than around Rs 35 of its ex-bonus price.Reliance Power has gone ex-bonus today. Its first trade was at Rs 308.95. Reliance Power was seen at Rs 290-310 ex-bonus.

ICRA Results – Announces March ending QTr and Yearly Results

• Author: kalyan
• Filed under: Results
• Date: May 29,2008

 ICRA has announced its results for the quarter ended March 2008 (Q4). The company’s net sales were at Rs 17.42 crore versus Rs 10.49 crore compared to previous QTR other income stood at Rs 2.41 crore versus Rs 1.79 crore. Its operating profit was at Rs 9.89 crore versus Rs 4.49 crore.The company’s Q4 net profit was Rs 8.24 crore versus Rs 4.35 crore.
 

JM Financial Results – Announces March ending Qtr and Year end results

• Author: kalyan
• Filed under: Results
• Date: May 29,2008

JM Financial has announced its results for the quarter ended March 2008 (Q4). The company’s total income was up by 69% to Rs 209.19 crore versus Rs 123.51 crore.During the same quarter its net profit was up by 39% to Rs 45.77 crore versus Rs 33.03 crore.    
Results For Financial year 2007-2008

JM Financial FY08 total income was up 67% to Rs 742.29 crore versus Rs 444.05 crore. The company’s FY08 net profit was up 65% to Rs 150.11 crore versus Rs 90.86 crore.

JM Financial Bonus Issue and Stock Split

• Author: Geetha
• Filed under: Bonus, Stock Splits
• Date: May 29,2008

JM Financial’s Board which came out with result today as announced Bonus and also Stock split .It  has approved bonus issue of 3 shares for every 2 shares and Stock split to Re 1 from Rs 10.

HPCL Results – Declares March End QTR and Yearly Results

• Author: kalyan
• Filed under: Results
• Date: May 29,2008

 Hindustan Petroleum Corporation has announced its fourth quarter results. The company’s Q4 net profit was down at Rs 384.5 crore from Rs 549.5 crore, YoY.Its total income was up at Rs 31788.2 crore from Rs 22041.6 crore.HPCL FY08 writes back Tax of Rs 388 crore.

Larsen and Toubro Results – Declares March 2008 Qtr and year end results

• Author: kalyan
• Filed under: Results
• Date: May 29,2008

Larsen and Toubro has has declared that the company’s Q4 net profit was up at Rs 967 versus 707.7 crore.Its Q4 net sales were up at Rs 8467 from Rs 6248 crore.
for the whole year FY08

Its FY08 consolidated net sales stood at Rs 29198.50 crore from Rs 20347. 85 crore.
Its FY08 consolidated net profit stood at Rs 2325.36 crore from Rs 2240.14 crore.

Larsen Toubro Bonus – Approves 1 is to 1 Bonus issue

• Author: Geetha
• Filed under: Bonus
• Date: May 29,2008

Larsen and Toubro which came out with results as declared Bonus and Dividend also , it has declared a dividend of 14 rs oer share and also declared bonus of 1 is to 1 ,the record date for the same will be soon announced.

20 Micron IPO Files for DRHP with Sebi

• Author: Lalitha
• Filed under: DRHP, IPO, SEBI
• Date: May 28,2008

CNBC report that Vadodara-based 20 Micron Ltd (20 ML), having one of the largest production facilities for white minerals in India, is planning to enter the capital market in the next few months to raise Rs 40 crore to part-fund its expansion projects. 20 ML has already filed the draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI)

Results at a Glance – Results declared for May 28 2008

• Author: kalyan
• Filed under: Results
• Date: May 28,2008

> Emco has declared its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit was at Rs 28.78 crore versus Rs 14.51 crore.
> Gwalior Chemical Industries has announced its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit was at Rs 7.4 crore versus Rs 4.9 crore.
> IOC has announced its Q4 and FY08 numbers. It has posted Q4 net loss of Rs 414.3 crore as against profit of Rs 1,609.67 crore in same period of last year. Net sales increased at Rs 64,363.6 crore versus Rs 50,218.7 crore.
> IVR Prime has announced its Q4 numbers. It has posted net profit of Rs 42 crore as against Rs 116.3 crore and revenue of Rs 240 crore versus Rs 296 crore, QoQ.
> IVRCL Infrastructure and Projects has announced its fourth quarter results. The company’s Q4 net profit was up at Rs 73.3 crore from Rs 73 crore.
> Jindal Steel has announced it’s Q4 FY08 results. Its Q4 consolidated net sales was at Rs 5,489 crore versus Rs 3,519.8 crore (YoY). It’s FY08 consolidated net profit was at Rs 1,249.5 crore versus Rs 706 crore (YoY).
> Mahindra and Mahindra, M&M has announced its Q4 and FY08 numbers. It has posted FY08 consolidated net profit of Rs 1571.1 crore as against Rs 1497.2 crore in same period of last year. Net sales went up at Rs 23774..7 crore from Rs 17617.5 crore.
> Mundra Port has declared its FY08 results. The company’s FY08 income stood at Rs 846 crore and net profit stood at Rs 213 crore.
> Neyveli Lignite has announced its FY08 and fourth quarter results. The company’s standalone net sales were at Rs 2,981.65 crore from Rs 2,108.11 crore, YoY.
> Opto Circuits India has decalred its FY08 results. The company’s net sales were at 468.07 crore.
> Pyramid Saimira Theatre has declared its results for FY08. The company’s FY08 standalone net profit was at Rs 53 crore versus Rs 13.4 crore.
> Rane Madras has decalred its fourth quarter results. The company’s Q4 net loss at Rs 3.7 crore from profit of Rs 4.7 crore.
> Sundaram Finance has announced its FY08 results. The company’s FY08 consolidated net profit at Rs 252 crore.
> Tata Motors has declared its results for FY08. The company’s FY08 consolidated net profit was at Rs 2,167.70 crore versus Rs 2,204.93 crore on YoY basis.
> Visa Steel has decalred its fourth quarter results. The company’s net profit was up at Rs 21 crore from Rs 0.65 crore.

Opto Circuits India Bonus Issue and Dividend Declaration

• Author: abhisheak
• Filed under: Bonus, Dividend
• Date: May 28,2008

Opto Circuits India Ltd has informed the market that on a meeting that was held on may 27th 2008 they have decided on dividend and Bonus information and the information is as follows
1. Recommended payment of 50% Dividend, subject to Share Holders Approval in the Annual General Meeting.
2. Recommended to issue Bonus Shares of 7 shares for every 10 shares held, subject to Share Holder approval in the Annual General Meeting.

Kamanwala Housing recommends 1 is to 1 Bonus and Dividend

• Author: abhisheak
• Filed under: Bonus, Dividend
• Date: May 28,2008

Kamanwala Housing recommends 1 is to 1 Bonus and Dividend , in the meeting that was held on may 27th kamanwala housing made decision on Bonus and Dividend and they have come out with the following info.
Dividend and Bonus Info

1. recommended a Dividend of Rs 2.50 per Equity Share of Rs 10/- each (i.e. 25%) for the Financial Year 2007-08; and
2. Recommended an issue of Bonus Shares in the proportion of one new Equity Shares of Rs 10/- each for every one existing Equity Share held.

Jaihind Projects awarded order worth 206.53 crores from GSPL

• Author: Lalitha
• Filed under: order_news
• Date: May 28,2008

Jaihind Projects Ltd has informed the marke that the Company in consortium has been awarded order of Rs 206.53 Crores from Gujarat State Petroleum Ltd for Installation and Construction Services, Goods Supply within India and Mandatory Spares Supply within India for Morbi Mundra Pipeline Project.

Compucom hits upper circuit after order win worth 142 crore

• Author: Lalitha
• Filed under: Technology, order_news
• Date: May 28,2008

Compucom Software Ltd which was listing at 32 rs or so saw upper freeze today after it informed the market that the Company has been awarded an ICT project by Secondary Education Department, Government of Rajasthan to provide Computer Education on BOOT basis in 2292 Govt. Schools of Rajasthan. The contract value is worth Rs 142 Crores (approximate). Today the Company has received letter of Intent (LOI) in this regard from respective Deputy Directors.

Minda Industries secures order worth 50 crores from Volswagen

• Author: Lalitha
• Filed under: Auto
• Date: May 28,2008

Minda Industries Ltd (MIL) has informed BSE that the Company has bagged orders to the tune of Rs 50 Crores from Volkswagen for the supply of headlamps and rear combination lamps for its upcoming models in India. we all know that colswagen is opening shop in india for manufacturing cars in india ,This news is good for all auto ancillary company and more and more orders will flow for company like minda industries.The orders also include supply of rear combination lamps for the global model being manufactured in Russia. The Company will supply these from its existing facility at Chakan, Pune. The Company is also conducting feasibility studies for setting up a new lighting plant at Bawal in Haryana. MIL is in talks with other OEM’s for supply of headlamps and expects the turnover from lighting division to contribute Rs 225 – 250 Crores to the top line in the next 2 years.

Infosys Technologies signs BBVA to use Finacle across its bank

• Author: Subramanian
• Filed under: Technology, order_news
• Date: May 28,2008

Infosys Technologies Ltd has informed the market that BBVA and Finacle from Infosys sign a strategic global partnership for using the product across its wide banking network , this will help in getting more contracts from them, Infosys has released this statement regardign the partnership.

Gokul Refoils and Solvent IPO Allotment status

• Author: Lalitha
• Filed under: IPO, IPO Allotment Details
• Date: May 28,2008

Gokul Refoils and Solvent IPO Allotment status is ready and can be checked here.IPO was open between may 8th to may 13th and got subscribed by 4.27 times and 5.5931 times on the retail side.
http://www.intimespectrum.com/site/ipo.asp

Thermax gets order worth 14.2 million Euro

• Author: Lalitha
• Filed under: order_news
• Date: May 27,2008

Thermax which saw some limelight previous week due to good results was dopwn heavily in the dow market yesterday has received some good news on the order front which saw some raise in the stock value .The order news is Boiler & Heater business unit receives an order of Euro 14.2 million Details Thermax Ltd has informed BSE that the Company has signed a protocol of agreement for an export order, for supply of Heat Recovery Steam Generator (HRSG). This order shall be executed for an oil field Company to enhance the oil recovery through steam injection in their existing oil wells.

Sita Shree Food gets more order from Reliance Fresh

• Author: Lalitha
• Filed under: Retail Market, order_news
• Date: May 27,2008

Sita Shree Food Products Ltd which got listed like this year was having main income from reliance fresh and they have got more order from reliance fresh and the detail is as 

“The company has received 400 Metric ton orders from one of its valued customer “Reliance Fresh”, prevailing month to deliver Wheat flour and pulses which is increased about 250% from the last order of 160 MT.”

Anu Lab IPO Allotment Status

• Author: Lalitha
• Filed under: IPO, IPO Allotment Details
• Date: May 27,2008

Anu’s Lab IPO Allotment Status is ready and can be checked here .Anu’s Lab IPO was open bwetwen May 12 to May 15, 2008. IPO was oversubscribed by 8.43 times and 9.6417 times on the retail side.
Anu Lab IPO allotment status

Dividend Announcement – Dividend declared for May 26 2008

• Author: abhisheak
• Filed under: BookClosure, Dividend
• Date: May 26,2008

Results at a Glance – Results declared for May 26 2008

• Author: kalyan
• Filed under: Results
• Date: May 26,2008

> Balaji Telefilms has announced its consolidated FY08 results. The company’s consolidated net profit was at Rs 95.6 crore. Its FY08 consolidated net sales were at Rs 378 crore.
> City Union Bank has declared its fourth quarter results. The company’s Q4 net profit up at Rs 28.18 crore versus 25.38 crore.
> Core Projects & Technologies has declared its consolidated results for the quarter ended March 2008 (Q4). The company’s Q4 consolidated net profit stood at Rs 20.91 crore versus Rs 28.35 crore on QoQ basis.
> Crompton Greaves has announced its Q4 and FY08 numbers. It has posted consolidated net profit of Rs 143 crore for the quarter ended March 2008 and net sales of Rs 2,020 crore.
> Dalmia Cement (Bharat) has declared its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit stood at Rs 70 crore versus Rs 61.81 crore.
> Everest Kanto has announced its FY08 results. The company’s consolidated net sales were up at Rs 528.74 crore from Rs 425.05 crore, YoY.
> Federal Bank has declared its Q4 and FY08 numbers. The bank has reported net profit of Rs 103 crore as against Rs 99 crore in same quarter of last year.
> Geojit Financial Services has declared its consolidated results for the quarter ended March 2008 (Q4). The company’s Q4 consolidated net profit was at Rs 11.8 crore versus Rs 5.74 cr on YoY basis and versus Rs 22.24 crore on QoQ basis.
> GTC Industries has declared its fourth quarter results. The company’s Q4 net profit at Rs 2 crore versus Rs 40 crore (Tax writeback in Q4FY07)
> HTMT Global Solutions has announced its fourth quarter results. The company’s Q4 consolidated net sales were at Rs 173.45 crore.
> ITC has announced its fourth quarter and FY08 results. It has posted growth of 13.08% in its Q4 net profit of Rs 735 crore as against Rs 650 crore in same period of last year and 13.5% growth in net sales of Rs 3,934 crore from Rs 3,466.3 crore YoY.
> Omaxe has announced its FY08 results. Its FY08 consolidated net sales was at Rs 2281.6 crore versus Rs 1431 crore.
> REC has announced its FY08 results. The company’s consolidated net sales were at Rs 3378.22 crore.
> Repro India has announced its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit was at Rs 4.58 crore versus Rs 2.72 crore.
> Transport Corporation of India, TCI has declared its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit was at Rs 15.65 crore versus Rs 9.42 crore.

Ashok Leyland and Nissan signs 3 LCV Join venture’s

• Author: Lalitha
• Filed under: Auto
• Date: May 26,2008

Ashok Leyland & Nissan sign 3 LCV JVs after the Master Cooperation Agreement signed on October 29, 2007 , this is the next news thats coming out they have formed like 3 join venture.
The Jointventure company is as follows.

Ashok Leyland Nissan Vehicles
Nissan Ashok Leyland Powertrain
Nissan Ashok Leyland Techonologies

In all the three company almost they have a 49 and 51 percent partnership between ashok leyland and nissan.

Deccan Chronicale goes Bangalore

• Author: Lalitha
• Filed under: Entertainment
• Date: May 26,2008

Deccan chronicle informed the market that they have started the Deccan chronicle and Financial chronicle english edition in Bangalore.

Reliance Communication and MTN group signs Negotiation agreement

• Author: Lalitha
• Filed under: Telecom
• Date: May 26,2008

Reliance communication has informed the market that they have entered into negotiation agreement with MTN Group of africa and the details is as follows.

Best Performers of March 2008 Results

• Author: kalyan
• Filed under: Results
• Date: May 24,2008

I have listed here the best Performers of March 2008 Results compared to March 2007 Results and have listed only those forms which have sales more than 50 crores.

Company	March 08 Sales	March 07 Sales	% Diff	March 08 Net profit	March 07 Net Profit	% Diff
Puravankara Pro	153.88	0.43	35686	64.92	0.02	999
S Kumars Nation	1605.72	371.66	332	178.13	21.83	716
United Phos	419.81	335.96	25	58.79	9.75	503
Mercator Lines	265.67	202.81	31	74.04	16.39	352
Nicholas Pirama	516.97	386.56	34	112.3	26.92	317
Ceat	646.23	562.89	15	76.93	23.41	229
Balrampur Chini	308.03	396.9	-22	65.65	19.97	229
Sesa Goa	1595.89	760.11	110	798.3	252.48	216
Nava Bharat Ven	343.7	175.42	96	129.41	43.7	196
UCO Bank	1778.19	1452.04	22	85.99	30.94	178
Dena Bank	739.24	584.49	26	110.99	43.8	153
Edelweiss Cap	404.08	132.64	205	93.93	37.29	152
Welspun Guj	1227.5	728.1	69	102.2	41.5	146
MMTC Ltd	9391.94	4877.25	93	90.62	38.9	133
MMTC Ltd	9391.94	4877.25	93	90.62	38.9	133
PNB	3879.79	3194.4	21	543.76	237.7	129
Union Bank	2602.43	2094.93	24	521.13	228.58	128
Praj Industries	212.62	201.47	6	58.66	26.99	117
GAIL	4935.29	3883.41	27	722.38	340.81	112
Idea Cellular	1972.4	828.31	138	278.2	132.01	111
Yes Bank	388.48	202.35	92	64.5	30.9	109
Glenmark	396.9	274.79	44	130.14	62.56	108
Blue Star	708.14	542.91	30	70.36	33.99	107
KEC Int	1031.03	640.92	61	60.66	30.18	101
Titan Industrie	822.52	596.57	38	60.49	30.32	100
Mphasis	484.19	163.39	196	56.9	29.03	96
MRPL	9465.13	6725.7	41	344.29	181.88	89
Kotak Mahindra	763.67	433.6	76	69.21	37.26	86
MRF	1214.83	1083.52	12	65.62	35.74	84
Chennai Petro	8367.89	5653.05	48	343.92	189.09	82
Hind Copper	451.96	453.35	0	85.46	47.39	80
Oriental Bank	1910.46	1433.58	33	204.56	117.14	75
Castrol	492.9	442.11	11	74.5	42.53	75
Corporation Ban	1253.52	980.75	28	205.6	118.47	74
Akruti City	141.03	92.68	52	98.09	57.18	72
Axis Bank	2015.43	1366.77	47	361.4	211.89	71
Reliance Infra	1641.94	1614.25	2	404.69	237.42	70
Bank of India	3501.61	2615.39	34	757.04	447.44	69
Rolta	225.83	152.38	48	78.75	46.94	68
Torrent Power	920.75	742.89	24	73.74	44.32	66
Sintex India	647.38	364.89	77	88.4	53.7	65
Exide Industrie	791.34	528.89	50	62.82	38.51	63
Jaiprakash Asso	1296	886	46	210	131	60
Areva T&D	502.9	360.83	39	54.1	35.24	54
Hero Honda	2788.65	2639.58	6	298.7	195	53
MTNL	1156.58	1199.97	-4	219.93	148.45	48
Nestle	1090.91	863.08	26	160.15	108.45	48
Sterlite Ind	3379.53	2945.09	15	306.45	209.18	47
IDFC	675.28	405.84	66	123.25	85.09	45
Sterling Bio	269.04	174.03	55	55.09	38.06	45
NMDC	1894.51	1368.18	38	1016.97	711.01	43
Cipla	1122.1	938.47	20	179.45	125.73	43
Kirloskar Bros	569.01	448.55	27	52.66	36.73	43
Grasim	2742.35	2493.75	10	667.37	474.49	41
Bharat Elec	2293.74	1734.17	32	504.83	357.12	41
Indiabulls Sec	160.28	108.74	47	53.44	37.96	41
HDFC	2312.21	1728.47	34	768.12	550.05	40
Bharti Airtel	7413.73	5218.73	42	1792.3	1286.84	39
ICICI Bank	8029.27	6661.58	21	1149.84	825.12	39
Apollo Tyres	1001.34	910.21	10	59.27	42.72	39
Reliance	37286	25895	44	3912	2853	37
Hind Zinc	2266	2021	12	1278	935	37
HDFC Bank	2956.18	1989.76	49	471.11	343.57	37
ABB	1535.29	1312.44	17	117.69	86.63	36
Allahabad Bank	1720.01	1394.1	23	169.51	125.74	35
Zee Entertain	301.71	201.95	49	79.46	59.22	34
Monnet Ispat	380.64	186.45	104	57.2	42.79	34
GlaxoSmith Con	410.6	326.5	26	56.6	42.3	34
LIC Housing Fin	589.59	440.96	34	118.1	89.28	32
Kesoram	878.48	658.92	33	105.79	80.08	32
M&M Financial	354.84	262.17	35	75.39	57.7	31
Biocon	219.75	233.59	-6	62.02	47.29	31
I-Flex Solution	516.42	451.59	14	165.32	127.12	30
Asian Paints	868.51	727.03	19	86.68	69.08	27
SBI	13576.73	11541.46	18	1883.25	1493.19	26
Phoenix Mills	148.74	14.78	906	134.39	106.65	26
Guj NRE Coke	380.64	179.01	113	64.2	50.93	26
SAIL	13477.9	10385.08	30	2373.61	1899.26	25
Rel Capital	797.07	407.34	96	386.49	311.95	24
GE Shipping	737.98	543.81	36	299.41	241.33	24
Bhushan	1215.07	1054.66	15	135	109.7	23
UltraTechCement	1601.66	1465.52	9	282.88	231.54	22
Jindal Saw	952.14	1269.1	-25	85.4	70.25	22
United Spirits	758.98	651.49	16	65.11	53.52	22
Dabur India	526.58	444.76	18	79.51	65.7	21

Inflation for week ending May 10 stays at 7.82 percent

• Author: Lalitha
• Filed under: Inflation
• Date: May 23,2008

Inflation for week ending May 10 stays at 7.82 percent vs 7.83 percent just less by .01 percent , For the week ending march 15th the inflation as been revised to 8.02 vs 6.68 percent.

TCS Bags Passport Processing Order for 6 years

• Author: Lalitha
• Filed under: order_news
• Date: May 23,2008

TCS vakrange came out as the lowest bidder for the tender passed by ministry of external affairs , the tender is taking over of passport processing from them and handling by a private party and the company as come out as the lowest bidder for 175 rs per passport , The Deal is fopr 6 years and its 1300 crore for 6 years.

Futura Polyesters Rights Issue

• Author: Lalitha
• Filed under: Rights Issue
• Date: May 23,2008

Futura Polyesters informed the market that on the meeting thats going to be held on May 30, 2008 they are planning to consider and approve issue of Equity shares on Rights basis to the existing Shareholders of the Company,So more details of the rights issue will come soon and the record date for the same will be informed.

Apollo Sindhoori Stock Split – Recommends Stock Split

• Author: Lalitha
• Filed under: Stock Splits
• Date: May 23,2008

Apollo Sindhoori Board recommends Stock Split & final dividend on the meeting that was held on May 22, 2008.the detail is as follows.

1. The Board recommended Stock Split of Equity Share Capital of the Company from face value of Rs 10/- into Re 1/- each and has decided to seek members approval through Postal Ballot.
2. The Board has recommended final dividend of Re 1/ – per share on 55,40,000 Equity Shares in addition to Rs 7/- already paid as interim dividend.

Idea Cellular gets funding of 640 Us million dollars from Providence

• Author: Lalitha
• Filed under: Telecom
• Date: May 23,2008

Idea cellular came out with flying colors in march 2008 results i was about to talk about this stock this weekend , now providence has invested 640 million dollars in one of idea cellulars subsidiary .The Details is as follows

Idea Cellular Ltd has informedthe market that the Board of Directors of the Company, on May 22, 2008, has taken note of the proposed issuance by Aditya Birla Telecom Ltd (“ABTL”) (a wholly owned subsidiary of Idea Cellular Ltd) of compulsorily convertible preference shares for an aggregate sum of USD 640 million, to be converted into 20% of equity share capital of ABTL post dilution, to an affiliate of Providence Equity Partners, and has approved the transaction documents for this purpose. The aforementioned investment is subject to the receipt of regulatory approvals, including the approval of the FIPB.

Era Infra Engineering awarded two contracts worth 80 crore

• Author: Lalitha
• Filed under: order_news
• Date: May 23,2008

Era Infra Engineering informed the market that it was awarded two seperate contract by Sahara India Commercial Corporation Ltd to contruct independent houses and villas at two seperate location one at Sahara City Homes, Jaipur and  other at Sahara City Homes, Gwalior, the contact value of the gwalior order is 51.5 crore and the contract value of jaipur order is worth 32 crore.

MCX IPO – Crisil Assigns 5 out of 5 for MCX IPO

• Author: Lalitha
• Filed under: IPO
• Date: May 23,2008

Not sure if i have seen any IPO lately assigned 5 out of 5 , But CRISIL has come out with a research report on Multi-Commodity Exchange of India’s IPO. It has assigned a CRISIL IPO Grade 5/5 to the company’s IPO. The company proposes an IPO in the form of an offer for sale of 4 million shares by the promoters and a fresh issue of 6 million shares. Subsequent to the IPO, the promoters’ stake in the company will reduce to 26.1 per cent.

Dividend Announcement – Dividend declared for May 22 2008

• Author: abhisheak
• Filed under: BookClosure, Dividend, Record Date
• Date: May 23,2008

Dividend declared for May 22 2008

523186	B&A Multiwall Packaging Ltd	BC	18-06-2008	A.G.M.
500460	Mukand Ltd.,			10 % Dividend
512199	Core Projects & Technologies Ltd.			10 % Dividend
500480	Cummins India Ltd.,	BC	19-07-2008	130% Final Dividend
500336	Surya Roshni Ltd.,	BC	09-09-2008	15% Dividend
532382	Balaji Telefilms Ltd.			175 % Dividend
505216	Alfred Herbert (India) Ltd.,			20 % Dividend
509162	Indag Rubber Ltd.,			20 % Dividend
500490	Bajaj Holdings & Investment Limited			200 % Dividend
509557	Garware Wall Ropes Ltd.,			25 % Dividend
590083	MAVENS BIOTECH LTD.			3 % Dividend
532653	IL&FS Investsmart Limited	BC	19-07-2008	30% Dividend
502958	Lakshmi Mills Company ltd			5 % Dividend
517354	Havells India Limited	BC	28-06-2008	50% Dividend
532652	Karnataka Bank Ltd.	BC	05-07-2008	50% Dividend
508941	Panasonic Carbon India Co.Ltd	BC	10-06-2008	70% Dividend
500710	ICI India Ltd.,			80 % Dividend

Sahara Power and Natural Resources Fund – New fund Offer

• Author: Lalitha
• Filed under: Mutual Fund, New Fund Offers
• Date: May 22,2008

Reliance Banking Exchange Traded Fund – New Fund Offer

• Author: Subramanian
• Filed under: Mutual Fund, New Fund Offers
• Date: May 22,2008

Praj receives order worth 120 crores for Ethanol plant

• Author: Lalitha
• Filed under: order_news
• Date: May 22,2008

Praj which was in limelight for almost 2 days now has received a order from western eutrope its a contract for supply of key equipment to Vivergo Fuels, UK through its subsidiary, BioCnergy Europa B. V. (a Joint Venture with Aker Solutions, Netherlands). The plant is designed to produce approximately 400 million litres of fuel ethanol a year (1,200,000 litres per day). The contract value for Praj is approximately Rs 120 crores (GBP 15 million). This will be the fourth bioethanol plant by Praj in Western Europe.

Dividend Announcement – Dividend declared for May 21 2008

• Author: abhisheak
• Filed under: BookClosure, Dividend
• Date: May 22,2008

Dividend declared for May 21 2008

500034	Bajaj Auto Finance Ltd.			10 % Dividend
500117	DCW Ltd.,	BC	24-06-2008	15% Dividend
500120	Diamines & Chemicals Ltd.,			10 % Dividend
500187	Hindustan Sanitaryware & Industr	BC	25-08-2008	75% Final Dividend
500266	Maharashtra Scooters Ltd.,			60 % Dividend
500300	Grasim Industries Ltd.,	BC	24-07-2008	300% Dividend
500336	Surya Roshni Ltd.,			15 % Dividend
500411	Thermax Ltd.			400 % Dividend
500439	Vardhman Holdings Limited			20 % Dividend
500575	Voltas Ltd.,	BC	01-07-2008	135% Dividend
501298	Industrial & Prudential Inv. Co.	BC	10-06-2008	120% Dividend
502986	Vardhman Textiles Limted			40 % Dividend
504823	Mahindra Ugine Steel Co. Ltd.,	BC	11-07-2008	30% Dividend
505854	TRF Ltd	BC	03-06-2008	100% Dividend
506734	Mysore Petro Chemicals Ltd.,	BC	04-07-2008	10% Dividend
507794	Khaitan Chemicals & Fertilizers	BC	21-07-2008	18% Dividend
509438	Benares Hotels Ltd			120 % Dividend
509470	Bombay Oxygen Corporation Ltd.,	BC	17-06-2008	20 % Dividend
510245	Swasti Vinayaka Synthetics Ltd.,	BC	14-06-2008	5% Dividend
512527	Super Sales India Ltd.			50 % Dividend
517296	Phoenix Lamps Ltd.			40 % Dividend
522064	Honda Siel Power Products Ltd.			40 % Dividend
524000	Magma Shrachi Finance Limited			20 % Dividend
526725	Sandesh Ltd.	BC	27-08-2008	30% Dividend
526783	Dr.Agarwals Eye Hospital Ltd.			15 % Final Dividend
531768	Poly Medicure Ltd			25 % Dividend
532133	IFGL Refractories Ltd	BC	14-08-2008	20% Dividend
532318	Gemini Communications Ltd.			15 % Dividend
532644	J.K. CEMENT LTD	BC	18-07-2008	50% Dividend
532652	Karnataka Bank Ltd.			50 % Dividend
532662	HT Media Ltd	BC	24-07-2008	20% Dividend
532737	Emkay Share & Stock Brokers Limi			17.5 % Dividend
532762	Action Construction Equipments L			20 % Final Dividend
532873	Housing Development & Infrastruc			30 % Final Dividend
532904	Supreme Infrastructure India Lim	BC	24-06-2008	15% Dividend
532924	Kolte-Patil Developers Ltd			17.5 % Dividend
532953	V-Guard Industries Ltd.			25 % Final Dividend
600575	Voltas Ltd.,	BC	01-07-2008	135% Dividend

My pick for today – Thermax and Kanwala Housing

• Author: Lalitha
• Filed under: Tips
• Date: May 22,2008

Market might go down today responding to global trend , so on down market it will be good to pick some stocks of thermax and Kanwala housing , they both gave a very good results .

Results at a Glance – Results declared for May 21 2008

• Author: kalyan
• Filed under: Results
• Date: May 21,2008

> Bajaj Auto Finance has announced its fourth quarter results. The company’s net profit was down at Rs 4.6 crore from Rs 21.2 crore.
> GMR Infrastructure has announced its fourth quarter results. The company’s net profit was up at Rs 50 crore versus Rs 21.9 crore.
> Gujarat Narmada Valley Fertilizers Company has announced its results for the quarter ended March 2008 (Q4). The company’s Q4 net profit was at Rs 52.75 crore versus Rs 112.2 crore.
> HDIL has announced its FY08 and fourth quarter results. The company’s Q4 standalone net profit at Rs 708 crore versus Rs 270 crore.
> ICI India has announced its results for the quarter ended March 2008 (Q4). The company’s net profit was at Rs 9.67 crore versus Rs 184.4 crore.
> JK Cement has declared its results for the quarter ended March 2008 (Q4). The company’s PAT was down by 2.6% at Rs 59.8 crore versus Rs 61.4 crore.
> RPG Cables has declared its results for the quarter ended March 2008 (Q4). The company’s net profit was Rs 4.02 crore versus Rs 21.88 crore.
> Tata Teleservices (Maharashtra), TTML has declared its results for the quarter ended March 2008 (Q4). The company incurred a net loss of Rs 20.6 crore versus net loss of Rs 27.4 crore on QoQ basis.
> Thermax has announced its FY08 and fourth quarter results. The company’s FY08 consolidated net profit was up at Rs 290.7 crore from Rs 193.7 crore, YoY.

HDIL Bonus Issue – HDIL Declares 2 is to 7 Bonus

• Author: Geetha
• Filed under: Bonus
• Date: May 21,2008

HDIL Board which declared the results today also approved Bonus Issue & recommends final dividend as follows.
1. Payment of Final Dividend of Rs 3/- per share.
2. Issue of Bonus Shares in the proportion of 2 (two) new equity shares for every 7 (seven) equity shares held.
But sorry the investors where not happy with the result and also bonus and the stock is down by 30 rs.

KGN Industries opened at 100 Rs and closed at 55000 Rs

• Author: Lalitha
• Filed under: india
• Date: May 21,2008

KGN Industries beleive it or not this stock opened at 100 rs went to a low of 72 rs and closed at 55000 rs , this stock last traded at 11 rs on Feb 2001 was benned for some reason and it started trading today without any ciruit fiter only mere 847 stock are so was traded but it opened at 100 and went to a low 72 or so and then touched a high of 55000 rs.
Track this Stock here.

Unity Infraprojects bags order worth 383 crore

• Author: Lalitha
• Filed under: order_news
• Date: May 21,2008

Unity Infraprojects has received two orders aggregating to Rs 383 crore from Haryana State Roads and Bridges Development Corporation, Chandigarh.Unity Infraprojects dropped 2.66% to Rs 521.15 .
Some Financials about Unit Infra

The Equity is Rs 13.37 crore.
Face value per share is Rs 10.
The current price of Rs 521.15 compared to Q3 December 2007 result which has EPS of Rs 53.13,so giving a PE of 9.81.

Comtract Details

Ahluwalia Contracts bags orders wirth 316 crores

• Author: Lalitha
• Filed under: order_news
• Date: May 21,2008

Ahluwalia Contracts India Ltd has informed BSE that the Company has received Six Orders aggregating to Rs 316.00 Crores, The contract detail is as follows.

Kamanwala Housing Construction Bonus Issue

• Author: Geetha
• Filed under: Bonus
• Date: May 21,2008

Kamanwala Housing Construction Ltd informed the market that on the meeting thats going to be held on May 27, 2008, they are going to decide on
1. To finalize the Accounts for the Financial Year ended March 31, 2008.
2. To recommend Dividend. The Board had recommended 20% Dividend for the F.Y. 2006-07; and
3. To recommend issue of Bonus Shares.
Some Facts about its results.

>Equity is Rs 5.65 crore.
>Face value per share is Rs 10.
>The current price of Rs 149.10 is just PE multiple of 2.24 with respect to 66 EPS.
>Kamanwala Housing Construction’s net profit rose 84.9% to Rs 9.41 crore on 120% rise in net sales to Rs 28.51 crore in Q4 March 2008 over Q4 March 2007.

Bafna Pharma IPO – Bafna Pharmaceuticals IPo opening on May 27 2008

• Author: Lalitha
• Filed under: IPO
• Date: May 20,2008

Bafna Pharmaceuticals IPO – Bafna Pharma public issue of 64,00,000 equity shares of Rs 10 each at a price of Rs 40 per equity share (including share premium of Rs 30 per equity share) for cash aggregating Rs 25.60 crores will open for subscription on May 27, 2008 and will close on May 30, 2008.
More info on the IPO coming soon.

Reliance Power Bonus Dates Spurted the Price

• Author: Geetha
• Filed under: Bonus
• Date: May 20,2008

Reliance power spurted today almost 5 percent or so and it crossed the Retailers ipo price today , As the the bokk clousre date are nearing the stock is seeing some interests and they are getting picked by everyone expecting a bonus share , but there is still no change in the financials or anything , Anyway The stock had a 52-week high of Rs 599.90 on 11 February 2008 and a 52-week low of Rs 303.45 on 24 March 2008.The stock has almost gained 12.68% from Rs 387.50 which was the day when the company issued news of the bonus issue.

L&T Bags order worth Rs 635 crore from Gulf

• Author: Lalitha
• Filed under: order_news
• Date: May 20,2008

L&T Bags Electrical Project Orders worth Rs 635 crore in the Gulf Region,ok but was the investor happy with this order no they are not and it dint really reflect on the price movement of the stock today , may be when the result come we will know the real use of all these orders its just not these , the investors response on this stock was the same on all these orders .
These orders are between march 1 to current

>It has entered into an agreement with Lafarge India for sale of its ready mix concrete business for an enterprise value of Rs 1480 crore.
>It has signed an agreement with Tamil Nadu Government to set up an integrated shipyard complex with a total investment of about Rs 3000 crore in north Chennai.
>It has secured an order worth Rs 2000 crore from Bombay Dyeing for developing textile mills & spring mills complexes at Worli and Wadala regions of Mumbai.
>It has bagged four different orders worth Rs 1,687 crore from four different clients.
>It has ’s engineering and construction division received an order worth Rs 576 crore from Hindustan Petroleum Corporation.
>It has ’s heavy engineering division bagged an order worth 28 million Euros from Hebi Coal & Electricity Co, China for supplying coal gasifier & syngas cooler assembly.
>It has ’s company bagged three orders for transmission line projects totaling Rs 458 crore.