Tagged with:
bhel •
order_newsBharat Heavy Electricals Ltd, the country’s largest power equipment manufacturer informed the market that they not only work in india but also middle eastern country like syria and they have bagged a Rs 2,080 crore turnkey order from the ministry of electricity, Syria for setting up two units of 200 mw each at the Tishreen thermal power plant extension.The order book soared to like 90000 crores.
- Author: kalyan
- Filed under: Results
- Date: Jun 30,2008
Tagged with:
rei agro •
ResultsRei Agro has decalred its FY 2007-2008 and March 2008 QTR results. The company’s FY 2007-2008 net sales were at Rs 1853.75 crore compared to Rs 1085.14 crore.
>Its FY 2007-2008 net profit was up at Rs 109.11 crore compared to Rs 90.50.
>Its Mar 2008 Qtr net sales stood at Rs 628.09 crore compared to Rs 368.75 crore.
>Its Mar 2008 Qtr net profit was up at Rs 22.35 crore compared to Rs 29.65 crore.
- Author: kalyan
- Filed under: Results
- Date: Jun 30,2008
Tagged with:
india Cements •
ResultsIndia Cements has announced its March 2008 QTR and FY 2007-2008 results. The company’s Mar 2008 Qtr net profit at Rs 104 crore versus Rs 140 crore.Its Mar 2008 Qtr net sales were up Rs 978 crore versus Rs 575 crore.The company’s FY 2007-2008 net profit stood at Rs 637 crore versus Rs 449 crore.
>Its FY 2007-2008 net sales were up at Rs 3500 crore compared to Rs 2600 crore.
>Its FY 2007-2008 Operating Profit Margin of the company has dropped compared to 32.78% to 30.45%.
- Author: kalyan
- Filed under: Results
- Date: Jun 30,2008
Tagged with:
Results •
sun tvSun TV Network has declared its consolidated FY 2007-2008 results. The company’s consolidated total income stood at Rs 925.54 crore versus Rs 719.07 crore.The company’s FY 2007-2008 onsolidated net profit was at Rs 326.69 crore versus Rs 246.09 crore.
Tagged with:
larsen toubro •
orde newsLarsen & Toubro Ltd (L&T) has informed the market that they have received one of a kind order from APPDCL for 2 x 800 MW Steam Turbine Generator package which was like the first kidn of order in india and the order is worth Rs 1557 Cr the order is using Supercritical Technology and has been received by them . The stock rose just 30 rs or so after receiving the news , you know what this news doesntintrest me much as im averaging the stock at 4000 rs , my bad i bought at high rate .Any way i will not sell it until it reaches that price.
Tagged with:
jk tyre •
Rights IssueJK Tyre & Industries Ltd has informed the market that on the meeting that was held on june 28th 2008 they have come out with some decsion out of which rights issue is also one of the proposal ,
Rights Issue details
1. Issue Particulars: Right Issue of 1,02,64,836 Equity Shares
2. Ratio: 1:3 (One Equity Share for every three Equity Shares held as on the Record Date)
3. Price: Rs 85/- per Equity Share (i.e. Rs 10/- towards face value and Rs 75/- towards
premium per Equity Share)
4. Terms: Full amount of Rs 85/- is payable on application.
Tagged with:
order_news •
Pratibha IndustriesPratibha Industries Ltd has informed the market that it has been awarded a contract for construction of Mall Podium upto Ground Level from Lanco Hills Technology Park Pvt. Ltd. The value of the contract is Rs 179.72 crores.The total execution time for the same is 15 months.
- Author: kalyan
- Filed under: Results
- Date: Jun 29,2008
Tagged with:
Results •
unitechUnitech has declared its FY 2007-2008 Results and also 2008 – March quarter results.
FY 2007-2008 Results
Net profit of Rs 1661.86 crore (Rs 16618.60 million) against Rs 1305.83 (Rs 13058.30 million).
Total Income at Rs 4280.11 (Rs 42801.10 million) against Rs 3388.09 crore (Rs 33880.90 million) to
2008 – March Qtr Results
Q4 Net profit after tax of Rs 175.84 crore against Rs 357.09 crore (Rs 3570.90 million)
Total Income has come down from Rs 8841.50 million (Rs 884.15 crore) to Rs 7596.50 million (Rs 759.65 crore).
Tagged with:
market •
market down •
World MarketDow Jones end down by 0.93% or 106.91 points at 11,346.51, Nasdaq ends 0.25% or 5.74 points lower at 2315.63.for the Second consecutive red it clsed in red with the climbing oil prices and other factors that affected the market are .
what Moved the market ?
>Oil prices climb higher
>Reports indicate Merrill Lynch may incur additional write-downs
>Personal spending during May exceeds expectations, PCE deflator below consensus
>Anheuser-Busch rejects InBev bid
- Author: Lalitha
- Filed under: Inflation
- Date: Jun 29,2008
Tagged with:
Economic Data •
InflationInflation figure came out for the week ending june 14th over friday think they where expecting round 13 but it did raise to 11.42% Vs 11.05%; Primary articles up 0.2%; fuel, power, energy up 0.1%; minerals up 3.6%
Tagged with:
crash •
sensexGlobal market worry carried into indian market also and sensex is alsmost down by 500 points and im thinking there is more to come when the inflation data comes in if it below expectation we can see some good postive run and if its around 13 or so then we can see the market just staying in the same ground and there will be no improvement.
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crash •
market crash •
market meltdown •
World MarketUS Market Crashed yesterday and so all asian markets are following the same trend now .
NASDAQ 2321.37 -79.89 -3.33%
DJIA 11453.42 -358.41 -3.03%
S&P 1283.15 -38.82 -2.94%
What Moved the market
Earnings results mixed against estimates
Goldman sees capital raises at select financial firms, issues downgrades for C and GM
Weekly jobless claims exceed expectations, unchanged from prior week
Oil prices rally to all-time high above $140 per barrel
Tagged with:
archidply ipo •
IPO •
ipo allotmentArchidply Industries IPO Allotment Status is ready and can be checked here. Archidply Industries Ltd IPO was open between June 11 to June 17, 2008 was oversubscribed by 1.52 times on totally and 3.0366 times on the retail side.
- Author: Lalitha
- Filed under: IPO
- Date: Jun 25,2008
Tagged with:
birla cotsyn •
IPO •
ipo openingAbout Birla Cotsyn
Birla Cotsyn started its operation in 1932 as a flagship of the Yash Birla Group, one of the largest industrial conglomerates in India. The Sprawling unit is located at Khamgaon (M.S) in the industrial belt of Central India. Birla Cotsyn (India) Limited is having Synthetic Blended Ring Spun Yarn manufacturing facility with state of Art machineries at Khamgaon. The company has excellent sales network in India and abroad for Grey and Dyed Solid Griddles, Fancy, Industrial Knitting and Sewing Ring Spun Yarns in various blends and count range from NE 8s to 60s.
About Birla Cotsyn IPO
Birla Cotsyn (India) Limited is entering the market with an IPO of [] Equity Shares aggregating Rs 144.18 Crore for cash, at a premium to be decided through a 100% Book Built Issue.
Price Band : fixed at Rs. 15/- at lower level and Rs. 18/- at upper level for equity share of Rs. 10/-.
Issue Date :Opens between June 30, 2008 to July 04, 2008.
Tagged with:
IPO •
ksk energy •
oversubscriptionKSK Energy Ventures Limited IPO which closed today may have oversubscribed fully but on the retail side not sure why it dint get fully subscribed , you know what with this market going to 14000 , im sure no retailers want to invest in ipo for now they might intrested in secondary itself as most of the stocks are below par.
KSK Energy Over subscription Details
KSK Energy oversubscribed by 1.50 times.
Non Institutional category by 1.0885 times
Qualified Institutional Buyers (QIBs) by 2.2152 times.
Retail by only 0.2215 times.
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IPO •
ipo allotment •
sejal architectural glassSejal Architectural Glass Limited IPO Allotment Status is up and can be checked here at
http://www.intimespectrum.com/site/ipo.asp
- Author: Lalitha
- Filed under: Engineering
- Date: Jun 25,2008
Tagged with:
lg balakrishnan •
stake saleLG Balakrishnan & Bros Ltd spurted today by almost 20 percent after the company informed the market that its going to trasnfer 75 percent of the stake in its Industrial Chain BusineSS to a company in UK called Renold , for a amount consideration of anywhere from 55 to 72 crore.
- Author: Lalitha
- Filed under: Telecom
- Date: Jun 25,2008
Tagged with:
idea cellular •
spice communication •
stak saleSpice Telecom spurted today by whopping 33 percent or so and closed the day at 72.35 after opening at 54.15 , The News buzz is that Idea Cellular said it would merge Spice with itself through a share swap whereby Spice shareholders would get 49 Idea shares for every 100 Spice shares held. Idea also said that it would make an open offer for additional 20% stake to Spice Communicaton shareholders at Rs 77.30 a share. So we will see if this runs more than this or just stops there.Spice Communication is a loss making company they have license in almost 6 to 7 states and they also procie internet and broadband based services.
- Author: Geetha
- Filed under: Bonus
- Date: Jun 25,2008
Tagged with:
Bonus •
Hind RectifiersHind Rectifiers informed the market that they have approved bonus issue and they are going to give 1 equity share to all those who hold already 1 equity share, the Record date for the same will be announced here, The Stock got noticed after the bonus news and have increased by 4.8 percent to close the day at 155 rs.
Tagged with:
nagarjuna Construction •
order_newsNagarjuna Construction Company informed the market that it has bagged order worth 333 crore from 3 different clients.But the order news dint really raise the price value as it dropped today by 4.19 percent to close at 146.30 rs.When talking about the finnacial of the company they showed a net profit raise of 284.72% to Rs 52.63 crore on 40.56% increase in net sales to Rs 125.78 crore in Q4 March 2008 compared to the same qtr of 2007 .
Tagged with:
defenetion •
repo rateWhat is Repo Rate ?
It is the rate at which banks borrow from the RBI , “repo” means repurchase agreement, and the “repo rate” is the current interest rate for secured overnight or very short term secured financing involving the sale and repurchase of securities.
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crr rate •
repo rate •
reserve bankRBI came out with the news that its going to raise the repo rate by 50 basis point and also the CRR by 50 basis points yesterday after the market hours , this is one of the many key factors that will help in controlling the inflation and other economic data that is worrying the indian economy.This CRR hike will take effect in two stages. First, a 25 basis point hike on 5 July 2008, and another 25 basis point hike on 19 July 2008. By 19 July 2008, CRR will stand at 8.75%. This would almost suck 16000 crores from the banking system if the full 50 basis point is implemented .
So Repo Rate stands at 8.5 percent
CRR Rate stands at 8.75 percent
- Author: Geetha
- Filed under: Bonus
- Date: Jun 24,2008
Tagged with:
Bonus •
jetking infotrainJetking Infotrain had a good run in the market after the board announced that on the meeting thats going to be held on june 30th 2008 they are going to decide on Bonus issue .
- Author: Lalitha
- Filed under: order_news
- Date: Jun 24,2008
Tagged with:
order_news •
tech mahindraTech Mahindra infromed the matket that it had signed a contract with Telecom New Zealand for program management and systems integration for the latter’s retail business.The order is a multi-year contract and its worth around $20 million to $30 million.
- Author: Lalitha
- Filed under: order_news
- Date: Jun 24,2008
Tagged with:
jain irrigation •
order_newsJain irrigation informed the market that it has got oder worth $5.3 million and the execution time for the same is 20 weeks.The order is for PVC pipes and fittings and also Sprinkler unit for a sugar mill in ethiopia.The company’s net profit rose 7.6% to Rs 36.59 crore on 33.1% rise in sales to Rs 598.94 crore in Q4 March 2008 over Q4 March 2007.
- Author: Geetha
- Filed under: Bonus
- Date: Jun 24,2008
Tagged with:
Bonus •
gail indiaGAIL India informed the marke that the board has declared bonus issue and it rose after recommended issue of bonus shares in the ratio of one equity share for every two shares held.The Record Date for the same will be informed later.
Tagged with:
Bafna Pharma •
IPO •
ipo allotmentBafna Pharma IPO allotment Status is ready and can be checked here : http://www.cameoindia.com/registry_ipo_main.htm
- Author: Lalitha
- Filed under: india
- Date: Jun 22,2008
Tagged with:
crash •
market_meltdown •
sensexSensex dint stop melting , this week also it went down by 4 percent , due to inflation worries and Political instability , I’m thinking there is more in the offing thats going to come this week , we can see another 4 percent drop may be this week .The Sensex was hovering between 15,789.62 points and 14,519.27 points before ending the week at 14,571.29 points a fall of 618.33 points (4.07%).
Tagged with:
Economic Data •
economy •
InflationInflation was the data that market was waiting for today anything below 10 would have cheered up the market as it was expected around 10 , but the percent that thwy have released for week ending 7 June 2008 was 11.05 percent. The reading was the highest in 13 years since 6 May 1995, when it was 11.11%.I was expecting the inflation would be almost the same because the petrol price hike was done on june 5th thought the inflation data would be day ening june 5th but it was 2 days after the petrol price hike which would have increased all the food material price .
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dow jones •
nasdaq •
us marketUS Market Closed Green as there is not big bad news that taunted the market good news was the crude price was down , so market saw some green signals
Market Movers
>Weekly jobless claims dip, but total more than expected
>Philadelphia Fed Index falls more than expected
>Tracinda increases stake in Ford (F) to 6.5%
>Crude prices down
- Author: Lalitha
- Filed under: order_news
- Date: Jun 20,2008
Tagged with:
order_news •
roman tamratRoman Tarmat spurted today in the market by almost 2.59 percent or so after the company informed the market that they have received two orders worth Rs 106.48 crore from Tamil Nadu Road Infrastructure Development Corporation for laying roads in Kancheepuram district at Tamil Nadu.
Tagged with:
Jindal Drilling •
stock split •
sub division •
Time Technoplast>Time Technoplast as infomred to the marke that they are going to propose Sub division of the stocks to the board.
>Jindal Drilling & Industries Ltd has informed the market that on June 30, 2008, they will decide on Sub-division of equity shares of the face value of Rs 10/- (Ten) each.
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IPO •
IPO Listing •
niraj cementNiraj Cement Structural which saw highest volumes in the sensex , opened at 185 and then went to a low of 167 and saw a high of 197 or so closed at 190 or so .
Tagged with:
splits>Shri Dinesh Mills informed the market that the Board approves Sub-division of equity shares from Rs 100/- per share to Rs 10/- per share subject to the approval of members & compliance of other statutory requirement. >Ratnamani Metals & Tubes Ltd has informed the market that the Board on June 19, 2008, has approved on to sub-divide the equity shares of face value of Rs 10/- (Rupees Ten) each into 5 equity shares of face value of Rs 2/- each with effect from the Record Date to be determined hereafter.
Tagged with:
bhageria dye •
rightsBhageria Dye Chem Ltd informed the market that it has come out with information on both dividend and also rights issue 1. Recommendation of Dividend @ 15% for the year ended March 31, 2008. 2. Issue of Equity Shares on right basis subject which is going to be approved by the board and the ratio and the record date will be announced soon .
Tagged with:
Archidply Industries •
IPO •
ipo subscriptionArchidply Industries IPO Which had opened for subscription on June 11, 2008 for public offering, IPO of 66,15,720 equity shares of Rs 10 each.The price band was at Rs 70-Rs 80 per equity share.
Subscription Details
Qualified institutional buyers 0.20
Non institutional investors 2.36
Retail individual investors 3.03
Total Time 1.52
- Author: Lalitha
- Filed under: IPO
- Date: Jun 18,2008
Tagged with:
IPO •
ipo opening •
ksk energyKSK Energy Ventures a Power company having an installed capacity of 144 MW and 9200 MW which is to be operational by 2014-2015 will enter the capital market with an IPO offering to raise Rs 830-882 crore on June 23, 2008.
Price Band
The price band has been fixed at Rs 240-255.
IPO Date
The IPO will open on June 23rd and close on June 25, 2008.
- Author: Subramanian
- Filed under: Bank
- Date: Jun 18,2008
Tagged with:
Bank •
religareReligare Enterprises saw some intrest today its up by 2 percent or 9 rs , after the company informed the market that news referring item appearing in leading financial daily titled “Religare plans banking foray”,is true , but there is no concreate info on this matter and told that it will infomr when there is a sure propasal for the same .
- Author: kalyan
- Filed under: Results
- Date: Jun 18,2008
Tagged with:
rajesh exports •
ResultsRajesh exports shined today in dull market as it came out with the results today , It declared the Full year results , For the full year, net profit rose 103.95% to Rs 206.56 crore in the yr end March 2008 as against Rs 101.28 crore during the prv yr end March 2007. Sales rose 25.73% to Rs 8667.02 crore in the yr end Mar 2008 as against Rs 6893.36 crore during the prv yr end Mar 2007.
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firt winner ipo •
IPO •
ipo oversubscription First Winner Industries IPO, which was supposed to close on 12 June 2008, closed yesterday 17 June 2008, as the company had extended the IPO closing date due to poor response and also the price band was revised from the earlier Rs 120 to Rs 130 per share to Rs 115 to Rs 125 per share.
Over subscription Details
First Winner Industries Ltd IPO oversubscribed by 1.26 times. Non Institutional category oversubscribed around 1.8398 times while Qualified Institutional Buyers (QIBs) quota subscribed 1.0505 times.On the Retail side it got oversubscribed by 1.3153 times and Employees category oversubscribed 1.0850 times.
Financial
The company reported 4150% spurt in net profit to Rs 2.55 crore on 45.20% rise in net sales to Rs 55.50 crore in the year ended March 2007 over the year ended March 2006.
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jet airways •
Reliance •
reliance industriesJet airways saw a turning point in its proce today as all the airline stock are hitting rock bottom because of fuel price hike and other spendings, Jet airways saw some increase in share price after they reveaked news of Reliance Industries trying to get a Pie of Jet airways.The Real deal as heard is that
“Reliance Industries’ (RIL) acquiring the minority stake inJet airways is for the proposed cargo airline venture of Jet Airways and not really in the Passenger Division. RIL is in the process of developing two SEZs in Mumbai and Haryana and is exploring buying cargo planes for shipping out the goods generated in these SEZs.”
- Author: Lalitha
- Filed under: Auto
- Date: Jun 17,2008
Tagged with:
Auto •
maruti •
nano •
TataMaruti stock price helped the auto Indice to reach top gear as there was news that Maruti might come out with a Small Car deal ,India’s largest passenger car maker in terms of market share Maruti Suzuki soared 6.25% at Rs 762.10 on reports the company plans to counter Ratan Tata’s Nano with a stripped-down version of its flagship model Maruti 800.
Tagged with:
nagarjuna Construction •
order_newsNagarjuna Construction informed the market that the Company has secured 3 new orders aggregating Rs 575 crores.
Order Details
>First order valued at Rs 284.64 crores is secured from SAIL, to be completed over a period of 24 months.
>Second order is also from SAIL, Burnpur, valued at Rs 197.19 crores to be completed over a period of 20 months and
>Third order valued at Rs 33.18 crores is from the Director, Nizam Institute of Medical Sciences (NIMS), Hyderabad to be completed over a period of 15 months.
- Author: Lalitha
- Filed under: order_news
- Date: Jun 17,2008
Tagged with:
era infra •
order_newsEra Infra bags back to back contracts from Birla Tyres and Alps Industries for contracts valued at Rs 65.50 Cr , the contract was bagged by construction & contracts division from Birla Tyres and Alps Industries.The order is 55 crore from Birla tyres and 10.5 crore from Alps Industries.This is scheduled to be completed by February 2009.So the income would show up in march 2009 QTR results.
- Author: Lalitha
- Filed under: order_news
- Date: Jun 17,2008
Tagged with:
duty cut •
welspun gujarathWelspun Gujarath saw a big spike yesterday after the government decision on Export duty on steel came out , Government hikes the export duty on long steel products from 10% to 15% and has exempted flat steel products from export duty. The company was almost doing 4000 crore in export of Flat steel products , before this duty cut it would have been 400 crore loss now they have reaped that as profit as there is no more export duty cut.
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Economic Data •
InflationIndia’s wholesale price index rose 8.75 per cent in the 12 months to May 31, above the previous week’s annual rise of 8.24 per cent, government data showed on Friday.this is all before the raise of oil prices , you can see it reach 9.00 and 9.50 soon.
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Economic Data •
industrial output •
InflationIndustrial output rebounded strongly to 7% in April 2008 year-on-year from the previous month’s provisional 3% rise.The capital goods sector grew 14.2% in April 2008 as against 10.9% growth in April 2007.Dont even compare Industrial output with the value that was there in April 2007 , then market will really fall again , Ok there is this inflation data that is coming in today .
Tagged with:
IPO •
ipo subscription •
sejal glassSEJAL ARCHITECTURAL GLASS IPO which opened on june 9th closed on june 12th and it got fully subscribed by 9.90 times , The allotment is expected to be lottery based .The price band for the IPO has been set at Rs 105 to Rs 115.
Subscription by Category
1 Qualified Institutional Buyers (QIBs) 4.2628
2 Non Institutional Investors 33.1715
3 Retail Individual Investors (RIIs) 7.9791
Financials
The company reported 27.80% rise in net profit to Rs 2.76 crore on 29.60% rise in net sales to Rs 38.24 crore in the year ended March 2007 over the year ended March 2006.
- Author: Lalitha
- Filed under: order_news
- Date: Jun 12,2008
Tagged with:
educomp •
order_newsEducomp Solutions which came oput with the results this week with a net profit rose 65.45% to Rs 31.47 crore on 54.41% growth in total income to Rs 119.53 crore in Q4 March 2008 over Q3 December 2007.It was so flat that it dint even celebrate a bit for the ordet that it has won , its at Rs 3450 during noon , It informed the market that it has received a letter of intent from School Education Department, Government of Andhra Pradesh for implementation of computer aided learning in 890 high schools in the state.
- Author: Lalitha
- Filed under: order_news
- Date: Jun 12,2008
Tagged with:
abg shipyard •
order_newsAbg Shipyard has bagged an order for the construction of 1 vessel of 130 Tonne Bollard Pull AHTS for Anchor Handling, Towing, rescue, offshore supply and other related duties. This is the first contract signed with the buyer. The value of the contract is approx. Rs 127.00 Crores (Euro 19.17 Million).ABG Shipyard’s which declared result like in this week had net profit rose 39.6% to Rs 46.05 crore on 43.3% increase in net sales to Rs 276.68 crore in Q4 March 2008 over Q4 March 2007.
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