First Blog for Indian Financial Market

Birla Cotsyn IPO Allotment Status

admin — Thu, 24 Jul 2008 17:01:46 +0000

Birla Cotsyn IPO Allotment Status is ready and can be checked here at http://www.adroitcorporate.com/ASPPages/IPOStatus.asp

Mahindra & Mahindra Financial Services Results - Announces Qtr Ending June 2008-2009 results

admin — Thu, 24 Jul 2008 04:28:23 +0000

Mahindra & Mahindra Financial Services net profit rose 24.81% to Rs 26.76 crore in Qtr ending June 2008 for the financial year 2008-2009 compated to Rs 21.44 crore in qtr ending june2007. Sales rose 20.44% to Rs 294.65 crore in Qtr ending June 2008 for the financial year 2008-2009 compated to Rs 244.64 crore in qtr ending june2007

Maithan Alloys Results - Announces Qtr Ending June 2008-2009 results

admin — Thu, 24 Jul 2008 04:27:38 +0000

Maithan Alloys net profit rose 493.34% to Rs 40.11 crore in Qtr ending June 2008 for the financial year 2008-2009 compated to Rs 6.76 crore in qtr ending june2007. Sales rose 245.56% to Rs 206.44 crore in Qtr ending June 2008 for the financial year 2008-2009 compated to Rs 59.74 crore in qtr ending june2007.

Zee Entertainment Enterprises Results - Announces Qtr Ending June 2008-2009 results

admin — Thu, 24 Jul 2008 04:27:13 +0000

Zee Entertainment Enterprises net profit rose 104.19% to Rs 130.97 crore in Qtr ending June 2008 for the financial year 2008-2009 compated to Rs 64.14 crore in qtr ending june2007. Sales rose 48.52% to Rs 333.32 crore in Qtr ending June 2008 for the financial year 2008-2009 compated to Rs 224.43 crore in qtr ending june2007.

Sesa Goa Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:30:38 +0000

Sesa Goa net profit rose 442.42% to Rs 644.72 crore in the first qtr ending june of 2008-2009 compared to Rs 118.86 crore during the Prv QOQ of june 2007. Sales rose 175.59% to Rs 1251.68 crore in the first qtr ending june of 2008-2009 compared to Rs 454.18 crore during the Prv QOQ of june 2007.

SEL Manufacturing Company Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:30:04 +0000

SEL Manufacturing Company net profit rose 215.32% to Rs 19.14 crore in the first qtr ending june of 2008-2009 compared to Rs 6.07 crore during the Prv QOQ of june 2007. Sales rose 209.16% to Rs 176.87 crore in the first qtr ending june of 2008-2009 compared to Rs 57.21 crore during the Prv QOQ of june 2007.

Infotech Enterprises Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:29:43 +0000

Infotech Enterprises net profit rose 99.26% to Rs 16.26 crore in the first qtr ending june of 2008-2009 compared to Rs 8.16 crore during the Prv QOQ of june 2007. Sales rose 30.52% to Rs 125.61 crore in the first qtr ending june of 2008-2009 compared to Rs 96.24 crore during the Prv QOQ of june 2007.

Krishna Lifestyle Technologies Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:29:13 +0000

Krishna Lifestyle Technologies net profit rose 101.01% to Rs 4.00 crore in the first qtr ending june of 2008-2009 compared to Rs 1.99 crore during the Prv QOQ of june 2007. Sales rose 111.55% to Rs 112.50 crore in the first qtr ending june of 2008-2009 compared to Rs 53.18 crore during the Prv QOQ of june 2007.

National Peroxide Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:28:33 +0000

National Peroxide net profit rose 104.10% to Rs 4.98 crore in the first qtr ending june of 2008-2009 compared to Rs 2.44 crore during the Prv QOQ of june 2007. Sales rose 43.84% to Rs 34.91 crore in the first qtr ending june of 2008-2009 compared to Rs 24.27 crore during the Prv QOQ of june 2007.

Crompton Greaves Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:27:50 +0000

Crompton Greaves net profit rose 29.29% to Rs 88.90 crore in the first qtr ending june of 2008-2009 compared to Rs 68.76 crore during the Prv QOQ of june 2007. Sales rose 20.85% to Rs 1082.86 crore in the first qtr ending june of 2008-2009 compared to Rs 896.07 crore during the Prv QOQ of june 2007.

Mastek Results - Announces June 2008 QTR End results

admin — Wed, 23 Jul 2008 11:26:32 +0000

Mastek net profit rose 205.23% to Rs 31.53 crore in the first qtr ending june of 2008-2009 compared to Rs 10.33 crore during the Prv QOQ of june 2007. Sales rose 33.96% to Rs 158.82 crore in the first qtr ending june of 2008-2009 compared to Rs 118.56 crore during the Prv QOQ of june 2007.

For the full year, net profit declined 3.24% to Rs 99.23 crore in the year ended June 2008 compared to Rs 102.55 crore during the previous year ended June 2007. Sales rose 17.08% to Rs 583.27 crore in the year ended June 2008 compared to Rs 498.19 crore during the previous year ended June 2007.

J kumar infra Results and order Info

admin — Wed, 23 Jul 2008 11:14:37 +0000

J Kumar Infraprojects informed the market today that they have received project worth 53 from two different client totaling the order worth 53 crore, the stock hit upper circuit today at Rs 100.95 at noon .on the financial side J Kumar Infraprojects reported net profit of Rs 7.58 crore in the quarter ended June 2008. Sales reported to Rs 89.41 crore in the quarter ended June 2008.

Valecha Engineering receives order worth 133 crore

admin — Wed, 23 Jul 2008 11:10:50 +0000

Valecha Engineering informed the market today that it has received order worth worth Rs 133 crore for laying roads and building bridges in Pune and Delhi. The stock surged after it informed the news , on the financials side Valecha Engineering’s net profit surged 1616.2% to Rs 18.02 crore on 141.1% increase in net sales to Rs 195.10 crore in Q4 March 2008 over Q4 March 2007. The eps of 60 or so puts the PE for this share between 2 to 3 .

Sensex up by 838 points

admin — Wed, 23 Jul 2008 11:07:49 +0000

Sensex up by 838 points or almost 5.45 percent , this is what will happen if the investor is happy and the global market is also happy , the market returned back gift for the uncertainity drama that was goign in the UPA govenment and also the oil price which is at 125 $ per barrel which was at a high of 147 dollar 2 weeks back.Almost 5 scrip in the sesex stock has gone up by more than 10 percent .
Sensex stock up by more than 10 percent
Reliance Communication (up 12.33% at Rs 525.85),
Housing Development Finance Corporation (up 12.03% at Rs 2404),
State Bank of India (up 10.75% at Rs 1548),
Bharat Heavy Elelctricals (up 10.68% at Rs 1768.10), and
Reliance Infrastructure (up 9.87% at Rs 1010)
Market finally closed by
SENSEX 14,942.28 +838.08 +5.94
MIDCAP 5,615.94 +269.91 +5.05
SMLCAP 6,812.64 +276.22 +4.23
BSE-500 5,692.25 +320.14 +5.96

Nuclear Deal Beneficiary Companies spurted Today

admin — Wed, 23 Jul 2008 06:33:36 +0000

After UPA Government won the Trust vote in lok sabha yesterday , the forstthing that would come to any investor mind is the Indo-US nuclear deal and those company that are going to benefit from the Deal are the one that went up today . These are the following company that would benefot fropm the deal.

Indo- Us Nuclear Deal Benefiting Company.

Gammon India (up 11.9% to Rs 235.50),
Reliance Infraqstructure (up 8.67% to Rs 999),
Bharat Heavy Electricals (up 8.23% to Rs 1,729),
Hindustan Construction Company (up 8.61% to Rs 97.75),
Alstom Projects India (up 7.7% to Rs 454.05),
Crompton Greaves (up 6.25% to Rs 248.05),
Tata Power Company (up 5.53% to Rs 1,170),
Rolta India (up 5.01% to Rs 291.50),
Walchandnagar Industries (up 5% to Rs 275.30),
Areva T&D India (up 4.75% to Rs 1694),
Larsen & Toubro (up 4.13% to Rs 2,679),
National Thermal Power Corporation (up 4% to Rs 192.40),
ABB (up 4.66% to Rs 928)

US Market Rebounds Today which would support Indian market to go more high

admin — Wed, 23 Jul 2008 03:46:01 +0000

US market gave very good example for a late surge it was almost down until 2 or so and after that supported by the financial sector and retreat of oil prices helped the market to close in green NASDAQ 2303.96 up by 24.43 or 1.07% DJIA 11602.5 up by 135.16 or 1.18% S&P 1277 up by 17 or 1.35 What is moving the market ?

Financials rebound to a 6.6% gain after Wachovia indicates it does not plan to raise capital; American Express falls on worse-than-expected earnings Oil prices retreat 2.4% due to decreased tropical storm threat Large-cap tech under pressure; Shares of Apple and Texas Instruments tumble on earnings/outlook

Coromandel Fertilisers Results - announces June ending First Qtr Results

admin — Tue, 22 Jul 2008 17:41:29 +0000

Coromandel Fertilisers net profit rose 1394.68% to Rs 193.86 crore in the qr ending june 2008 compared to Rs 12.97 crore during the QOQ prev year june 2007. Sales rose 462.90% to Rs 1400.39 crore in the qr ending june 2008 compared to Rs 248.78 crore during the QOQ prev year june 2007.

NOCIL Results - Announces June Ending First Quarter Results

admin — Tue, 22 Jul 2008 17:39:22 +0000

NOCIL announces result today and it Net Profit rose 473.40% to Rs 11.64 crore in the qtr ending June 2008 compared to Rs 2.03 crore during the QOQ prev year june 2007. Sales rose 73.92% to Rs 128.39 crore in the qtr ending June 2008 compared to Rs 73.82 crore during the QOQ prev year june 2007 .

Siemens Results - Announces June Ending first Qtr Results

admin — Tue, 22 Jul 2008 17:36:31 +0000

Siemens has announced its first quarter results and its Q1 standalone net sales were at Rs 1,809.68 crore versus Rs 1,782.27 crore, YoY and its standalone net profit was up at Rs 169.43 crore versus Rs 81.79 crore, YoY.So alopst the profit got doubled.

UPA Government Wins Confidence Vote in Lok Sabha - What’s Next

admin — Tue, 22 Jul 2008 17:20:31 +0000

Everyone was just looking for the magic number 272 but no it was 275 infact it way above expectation not sure if prominent BJP leaders itself might have voted for UPA .The government needed only 271 but finally it got 4 more with 275 supporting and 256 only opposing it .After winning the vote Manmohan singh dint even give speech as the lok sabha was too noisy with all party alleging congress of all kind of bribes and money for vote thing had bought them this much seat .

Anyway what is next have to see how the global market and based on that invest in company that will benefit from the nuclear deal for which UPA would take all action and US which is also ready to whatever it can to go ahead with the nuclear deal.

Era Infra Engineering bags order worth 31 crore approx

admin — Tue, 22 Jul 2008 08:59:51 +0000

Era Infra Engineering informed the market that it has bagged a contract worth Rs 30.98 crore from National Automotive Testing and R&D Infrastructure Project (NATRiP), and is scheduled to be completed by August 2009.

Results declared for July 21 and July 22 2008

admin — Tue, 22 Jul 2008 08:58:27 +0000

>Bank of Rajasthan has announced its june ending Qtr numbers of FY 2008-2009 . It has reported net profit of Rs 30.9 crore for qtr ending june 2008 as against Rs 30.1 crore in same period of last year.
>BHEL has aanounced its first quarter results. The company’s standalone net profit was up at Rs 384.41 crore compared to Rs 288.91 crore, (YoY).
>Century Enka has announced its results for the qtr ending june 2008 first Qtr . The company’s net profit was at Rs 4.81 crore compared to Rs 3.20 crore.
>Century Textiles has come out with its june ending Qtr numbers . It has posted standalone net profit of Rs 62.5 crore for qtr ending june 2008 as against Rs 107.9 crore in same period of last year.
>Hanung Toys and Textiles has announced its rsults for the qtr ending june 2008 first Qtr . The company’s net profit was at Rs 18.6 crore compared to Rs 9.2 crore.
>IDBI Bank has announced its june ending Qtr numbers of FY 2008-2009 . Its net profit went up by 3.84% to Rs 159 crore from Rs 153.12 crore YoY.
>ING Vysya Bank has announced its first quarter results. The company’s Q1 (fy 2008-2009) sandalone net profit was up at Rs 40.63 crore compared to Rs 25.32 crore, (YoY).
>Lupin has declared its june ending Qtr numbers of FY 2008-2009 . Its consolidated net profit of Rs 112 crore for the qtr ending june 2008 as against Rs 55.9 crore in same quarter of last year.
>Madras Fertilizers has announced its rsults for the qtr ending june 2008 first Qtr . The company incurred a net loss of Rs 30 crore compared to loss of Rs 58 crore.
>NIIT Technologies has announced its june ending Qtr numbers . It has reported standalone net profit of Rs 24.4 crore for qtr ending june 2008 as against Rs 54.6 crore in previous quarter.
>Peninsula Land has declared its results for the qtr ending june 2008 first Qtr . The company’s net profit was at Rs 31.24 crore compared to RS 33.5 crore.
>Tata Coffee has announced its results for the qtr ending june 2008 first Qtr . The company’s Q1 (fy 2008-2009) net profit was at Rs 3.9 crore compared to Rs 2 crore.
>Tata Elxsi has anounced its first quarter results. The company’s Q1 (fy 2008-2009) consolidated net sales were at Rs 97.4 crore.
>Thermax has declared its consolidated results for the qtr ending june 2008 first Qtr . The company’s consolidated net profit was at Rs 58.4 crore compared to 55.6 crore.
>United Spirits has announced its first quarter results. The company’s Q1 (fy 2008-2009) net profit at Rs 117 crore compared to 87.6 crore, YoY.

Hanung Toys and Textiles Results - announces Quarter Results for 2008

admin — Tue, 22 Jul 2008 08:55:17 +0000

Hanung Toys and Textiles net profit rose 101.18% to Rs 18.69 crore in the qtr end of June 2008 compared to Rs 9.29 crore during the Prev Qtr YOY of june 2007. Sales rose 71.41% to Rs 146.04 crore in the qtr end of June 2008 compared to Rs 85.20 crore during the Prev Qtr YOY of june 2007.

Cipla Results - Announces Qtr Ending June 2008-2009 results

admin — Sat, 19 Jul 2008 06:52:22 +0000

Cipla net profit rose 16.93% to Rs 140.04 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 119.76 crore in qtr ending june2007. Sales rose 33.85% to Rs 1207.12 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 901.83 crore in qtr ending june2007.

Zuari Industries Results - Announces Qtr Ending June 2008-2009 results

admin — Sat, 19 Jul 2008 06:51:49 +0000

Zuari Industries net profit rose 926.32% to Rs 27.30 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 2.66 crore in qtr ending june2007. Sales rose 177.78% to Rs 1116.30 crore in Qtr ending June 2008 for the financial year 2008-2009 compared to Rs 401.86 crore in qtr ending june2007.