Archive for June, 2008
Bharat 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 [...]
Rei 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 [...]
India 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 [...]
Sun 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.
Larsen & 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 [...]
JK 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 [...]
Pratibha 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.
Unitech 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 [...]
Dow 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 [...]
Inflation 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%
Global 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.
US 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 [...]
Archidply 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.
About 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 [...]
KSK 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 [...]
Sejal Architectural Glass Limited IPO Allotment Status is up and can be checked here at http://www.intimespectrum.com/site/ipo.asp
LG 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.
Spice 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 [...]
Hind 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.
Nagarjuna 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% [...]
What 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.
RBI 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 [...]
Jetking 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 .
Tech 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.
Jain 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 [...]