Upermarket Chain Operator Has An Equity Capital - Nov 28, 2008

Meanwhile, the BSE Sensex was up 103.89 points, or 1.15%, to 9130.61.On BSE, 30,771 shares were traded in the counter. The scrip had an average daily volume of 9986 shares in the past one quarter.The stock hit a low of Rs 65.10 so far during the day. The stock had a 52-week high of Rs 1001 on 15 January 2008 and a 52-week low of Rs 55.60 on 21 November 2008.The stock is up 21.40% from a recent low of Rs 55.60 on 21 November 2008.

The stock had underperformed the market over the past one month till 26 November 2008, falling 41.09% as compared to the Sensex's 3.74% rise. It had also outperformed the market in the past one quarter, falling 83.34% as compared to the Sensex's fall of 37.67%.The small-cap supermarket chain operator has an equity capital of Rs 22.40 crore. Face value per share is Rs 10.

The current price of Rs 67.50 discounts its Q2 September 2008 annualised EPS of Rs 7.29, by a PE multiple of 9.25.Vishal Retail is reported to have embarked on a new strategy to beat the economic downturn. It will launch 60 new stores over the next few months, all of them would be franchises.In the franchise model, the franchisee would operate with an 18% margin while the company would retain around 30% of revenues. As per reports, the franchise route will help bring down company's establishment costs by around 50%.

Besides this, the company will use its its existing retail outlets to launch specialty restaurants and fast food joints, and will also sell liquor at a few stores, apart from launching laundry services.Vishal is also re-jigging its store portfolio across the country by relocating under-performing stores, and resizing around 25 stores.

Vishal Retail's net profit rose 22.80% to Rs 18.09 crore on a 101.20% surge in sales to Rs 775.03 crore in the half year ended September 2008 over the half year ended September 2007.Vishal Retail sells ready-made apparels (including its own brands) and a wide range of household merchandise and other consumer goods such as footwear, toys, watches, toiletries, grocery items, sports items, crockery, gift and novelties.

Allied Computers Surges On Setting For Share Split - Nov 28, 2008

The company announced during market hours today (28 November 2008) that it has set 24 December 2008 record date for splitting one equity shares of face value Rs 10 into ten shares of face value Rs 1 each.Meanwhile, the BSE Sensex was down 58.89 points, or 0.59%, to 8973.16.On BSE, 16,855 shares were traded in the counter. The scrip had an average daily volume of 51,411 shares in the past one quarter.

The stock hit a high of Rs 5.33 and a low of Rs 4.50 so far during the day. The stock had a 52-week high of Rs 78.30 on 18 December 2007 and a 52-week low of Rs 4.75 on 20 November 2008.The stock had underperformed the market over the past one month till 26 November 2008, falling 42.94% as compared to the Sensex's 3.74% rise. It had also outperformed the market in the past one quarter, falling 77.95% as compared to the Sensex's fall of 37.67%.

The small-cap computer hardware maker has an equity capital of Rs 19 crore. Face value per share is Rs 10.The current price of Rs 5 discounts its Q2 September 2008 annualised EPS of Rs 0.11, by a PE multiple of 45.45.Allied Computers International (Asia)'s net profit slipped 37.5% to Rs 0.05 crore on a 36.55% rise in sales to Rs 4.01 crore crore in Q2 September 2008 over Q1 June 2007.Allied Computers International (Asia) assembles and markets laptop computers.

Tata Motors Skids On Job Traded In Counter - Nov 28, 2008

Meanwhile, the BSE Sensex was down 89.34 points, or 0.99%, to 8,923.59.On BSE, 1.38 lakh shares were traded in the counter. The stock had an average daily volume of 5.29 lakh shares in the past one quarter.The stock hit a high of Rs 138.75 and a low of Rs 133.35 so far during the day. The stock hit a 52-week high of Rs 790.24 on 3 January 2008, and a 52-week low of Rs 122 on 20 November 2008.

The mid-cap stock had underperformed the market over the past one month till 26 November 2008, falling 14.13% as compared to the Sensex's gain of 3.74%. It had also underperformed the market in the past one quarter, declining 66.7% as compared to the Sensex's decline of 37.67%.The company's current equity is Rs 514.29 crore. Face value per share is Rs 10.The current price of Rs 133.70 discounts the company's Q2 September 2008 annualized EPS of Rs 35.99, by a PE multiple of 3.71.The current job cut would hurt the temporary workers at the Pune plant in Maharashtra.

The company had taken a similar step in their other plant in Jamshedpur in Jharkhand. The latest cuts could take the overall layoffs to around 6,000 workers reports added.Tata Motors has been adversely affected by the economic slowdown.Tata Motors' net profit fell 34.1% to Rs 346.99 crore on 6.6% increase in net sales to Rs 7029.33 crore in Q2 September 2008 over Q2 September 2007.Tata Motors is engaged in manufacturing and marketing heavy, medium and light commercial vehicles, utility vehicles and passenger cars.

Equity Shares Of The Company 52% In Seven Traded - Nov 28, 2008

The company, on Monday, 24 November 2008, said its board will meet on 1 December 2008 to consider buyback of equity shares of the company. The stock is up 52.43% from a recent low of Rs 82 on 18 November 2008.Meanwhile, the BSE Sensex was down 93.83 points, or 1.04%, to 8932.89.On BSE, 3830 shares were traded in the counter. The scrip had an average daily volume of 655 shares in the past one quarter.The stock hit a high of Rs 129.90 and a low of Rs 119 so far during the day.

The stock had a 52-week high of Rs 273 on 1 January 2008 and a 52-week low of Rs 79 on 18 November 2008.The stock had outperformed the market over the past one month till 26 November 2008, gaining 35.75% as compared to the Sensex's 3.74% rise. It had also outperformed the market in the past one quarter, falling 9.74% as compared to the Sensex's fall of 37.67%.

The small-cap Gujarati newspaper publisher has an equity capital of Rs 8.65 crore. Face value per share is Rs 10.The current price of Rs 125 discounts its Q2 September 2008 annualised EPS of Rs 30.10, by a PE multiple of 4.15.Sandesh's net profit fell 36.2% to Rs 6.51 crore on a 9.4% rise in sales to Rs 107.60 crore in Q2 September 2008 over Q2 September 2007.Sandesh publishes daily and weekly newspapers and magazines. The company is also engaged in bullion trading business as well as construction and development activities.

Worries Of Defaults From Customers Equity - Nov 27, 2008

Meanwhile, the BSE Sensex was up 330.15 points, or 3.9%, to 9,034.58.On BSE, 1.43 lakh shares were traded in the counter. The stock had an average daily volume of 1.38 lakh shares in the past one quarter.The stock hit a high of Rs 175.90 and a low of Rs 163.50 so far during the day. The stock hit a 52-week high of Rs 402.90 on 11 December 2007 and a 52-week low of Rs 159.20 on 20 November 2008.

The mid-cap stock had underperformed the market over the past one month till 25 November 2008, declining 10.38% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 46.97% as compared to the Sensex's decline of 39.82%.

The company's current equity is Rs 84.99 crore. Face value per share is Rs 10.The current price of Rs 171 discounts the company's Q2 September 2008 annualized EPS of Rs 63.61, by a PE multiple of 2.68.

As per reports, LIC Housing Finance has lent small-ticket loans ranging from Rs 100-150 crore each to, at least, four national capital region (NCR) based realty firms in the past three months, even as banks were refusing to disburse even sanctioned loans as credit situation worsened for the real estate sector.

The entire real estate sector is going through a difficult phase, as sales have diminished and credit tightened. Developers might default on their loans due to weak demand. Many developers still need large cash to continue construction and pay for the land they earlier bought, even as earnings have dramatically slowed down.

LIC Housing Finance's total income rose 34.86% to Rs 707.72 crore in Q2 September 2008 over Q2 September 2007.The firm provides long-term finance to individuals for purchase/construction/repair and renovation of new/ existing flats/houses. The company also provides finance on existing property for business/personal needs and gives loans to professionals for purchase/construction of clinics/nursing homes/diagnostic centres / office space.

Sterlite Industries Leads Gainers In A Group - Nov 27, 2008

Sterlite Industries India rose 12.88% to Rs 231 on recent reports the company is still eyeing Asarco, which operates three copper mines in Arizona, but an agreement could only be reached at a substantially reduced price. Sterlite originally offered $2.6 billion to buy Asarco but withdrew from the deal in October 2008 because of falling metals prices.

IVRCL Infrastructures & Projects jumped 10.1% to Rs 136.30 as good order flow gave strong revenue visibility. It was the second biggest gainer in 'A' group. The company said on Monday, 24 November 2008 that its water and power divisions have bagged orders aggregating Rs 529.79 crore.

ICICI Bank gained 9.55% to Rs 350.50 on hopes the Reserve Bank of India could follow suit after China's steep rate cut. It was the third biggest gainer in A group. China's central bank today, 26 November 2008, cut banks' benchmark lending and deposit rates by 1.08% for the fourth time since mid-September 2008. The cut in the lending rate was the biggest since October 1997.

The steep rate cut by China raised expectations of a coordinated action by other central banks by way of rate cuts to counter the downside risks to the global economy.Deccan Chronicle Holdings rose 9.03% to Rs 45.30. It was the fourth biggest gainer in A group.HDFC Bank added 8.63% to Rs 907.20 on rate cut hopes. It was the fifth biggest gainer in A group.

Markets Shut After Terror Attacks Gateway Of India - Nov 27, 2008

At least 100 people died and more than 300 injured in a series of major terrorist attacks in Mumbai late on Wednesday, 26 November 2008.The expiry of November 2008 derivatives contracts has been postponed to Friday, 28 November 2008. The November contracts were to expire today, 27 November 2008.The stock exchanges also said that the settlements scheduled for today stand postponed to tomorrow.

Terrorists opened fire using heavy machine guns, including AK-47s, and grenades at the city's most high-profile targets late on Wednesday, 26 November 2008. The attacks took place at the hyper-busy rail terminus Chhatrapati Shivaji Terminus (CST) terminus, the landmark Taj Hotel at the Gateway of India and the luxury Oberoi Trident at Nariman Point, the domestic airport at Santa Cruz, the Cama and GT hospitals near CST, the Metro Adlabs multiplex and Mazgaon Dockyard.

Religare Enterprises Allotment Of Equity Shares - Nov 27, 2008

Religare Enterprises Ltd has informed that the Share Allotment Committee of Directors of the Company, at its meeting held on November 26, 2008, has allotted 81,398 Equity Shares on exercise of stock options under the Employees Stock Option Scheme 2006 of the Company. The paid up Equity Share Capital of the Company, post allotment is 76245387 Equity Shares of Rs 10 each aggregating Rs 76,24,53,870/.

Adlabs Firmly In The Picture On Expansion Equity - Nov 26, 2008

Meanwhile, the BSE Sensex was up 12.36 points, or 0.14%, to 8,706.77.On BSE, 1.06 lakh shares were traded in the counter. The stock had an average daily volume of 3.84 lakh shares in the past one quarter.The stock hit a high of Rs 155 and a low of Rs 148.50 so far during the day. The stock hit a 52-week high of Rs 1,945 on 7 January 2008 and a 52-week low of Rs 130.15 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 25 November 2008, falling 5.27% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 70.1% as compared to the Sensex's decline of 39.82%.The company's current equity is Rs 23.06 crore. Face value per share is Rs 5.

The company will invest Rs 100 crore in expanding the film services business. Adlabs is setting up one of the largest film studios in Mumbai. Spread across 2 lakh square feet, company is expected to start operations in December 2009. The studio will support both television and film content production. The company already offers film processing services, television equipment rental services and digital lab services.

The company will also spend Rs 100 crore on adding 100 screens in India, 40-50 screens in Malaysia and couple of more in America. The company currently has 400 screens across India, United States and Malaysia.

Adlabs reported a net loss of Rs 19 crore in Q2 September 2008 as compared to a net profit of Rs 20.30 crore in Q2 September 2007. The sales rose 58.5% to Rs 200.41 crore in Q2 September 2008 over Q2 September 2007.Adlabs Films produces, distributes and exhibits movies, and has some well-known productions to its credit.

Northgate Multiple Services On Equity Company - Nov 26, 2008

The block deal constituted 3.51% of the company's equity.Meanwhile, the BSE Sensex was up 118.49 points, or 1.36%, to 8,814.02.On BSE, 12.53 lakh shares were traded in the counter. The stock had an average daily volume of 57,102 shares in the past one quarter.The stock hit a high of Rs 55.75 so far during the day. The stock hit a low of Rs 50.60 so far during the day, which is record low for the counter. The stock hit a 52-week high of Rs 695.80 on 24 December 2007.

The small-cap stock had underperformed the market over the past one month till 25 November 2008, declining 33.33% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 81.46% as compared to the Sensex's decline of 39.82%.

The company's current equity is Rs 35.01 crore. Face value per share is Rs 10.The current price of Rs 55.65 discounts the company's Q2 September 2008 annualized EPS of Rs 4.11, by a PE multiple of 13.54.Northgate Tehcnologies' net profit fell 40.13% to Rs 3.61 crore on 11% fall in net sales to Rs 3.48 crore in Q2 September 2008 over Q1 June 2008.The group operates in three segments viz. information technology services, telecommunications and online advertising.

Prajay Engineers Strengthens On Block Deal Equity - Nov 26, 2008

The block deal constituted 3% of the company's equity.Meanwhile, the BSE Sensex was up 87.28 points, or 1%, to 8,782.81.On BSE, 12.10 lakh shares were traded in the counter. The stock had an average daily volume of 1.99 lakh shares in the past one quarter.The stock hit a high of Rs 18.90 and a low of Rs 18.20 so far during the day. The stock hit a 52-week high of Rs 480 on 27 December 2007 and a 52-week low of Rs 18 on 16 October 2008.

The small-cap stock had underperformed the market over the past one month till 25 November 2008, declining 11.88% as compared to the Sensex's decline of 0.06%. It had also underperformed the market in the past one quarter, declining 70.51% as compared to the Sensex's decline of 39.82%.The company's current equity is Rs 39.70 crore. Face value per share is Rs 10.

The current price of Rs 18.75 discounts the company's Q2 September 2008 annualized EPS of Rs 7.55, by a PE multiple of 2.48.Prajay Engineers Syndicate's net profit fell 51.4% to Rs 7.49 crore on 9.5% fall in net sales to Rs 41.84 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in construction services. It offers low cost affordable homes and buildings.

Supreme Industries Buy Balance Of Equity Shares - Nov 26, 2008

Supreme Industries Ltd has informed that the Board of Directors of the Company at its meeting held on November 26, 2008, inter alia, have approved the Buyback of its fully paid equity shares, from the open market, though the stock exchanges, at a price not exceeding Rs 125/- per share upto an amount of Rs 2,457.20 lakhs being 10% of the total paid up capital and free reserves as per audited balance sheet for the year ended June 30, 2008.

Bombay Current Equity Listed Fem Care Quarter - Nov 25, 2008

The stock had risen 0.67% to Rs 75 on Monday, 24 November 2008, after the company.announced the acquisition after trading hours on Friday, 21 November 2008.Meanwhile, the BSE Sensex was up 22.79 points, or 0.26%, to 8,925.91.On BSE, 1.50 lakh shares were traded in the counter. The stock had an average daily volume of 2.69 lakh shares in the past one quarter.

The stock hit a high of Rs 80.90 and a low of Rs 76 so far during the day. The stock hit a 52-week high of Rs 127 on 8 January 2008 and a 52-week low of Rs 60 on 27 October 2008.

The mid-cap stock had outperformed the market over the past one month till 24 November 2008, gaining 4.82% as compared to the Sensex's decline of 2.32%. It had also outperformed the market in the past one quarter, declining 16.06% as compared to the Sensex's decline of 38.18%.

The company's current equity is Rs 86.51 crore. Face value per share is Rs 1.

The current price of Rs 80.45 discounts the company's Q2 September 2008 annualized EPS of Rs 4.95, by a PE multiple of 16.25.

The company has acquired 72.15% stake in Bombay Stock Exchange listed Fem Care Pharma for Rs 203.7 crore in an all cash deal. The acquisition is at a price of Rs 800 per share. Dabur India will make an open offer for an additional 20% stake in Fem Care Pharma as required under the takeover regulations.

Fem Care Pharma is a leading player in the women's skin care products market.

Dabur India's net profit rose 83.90% to Rs 5.50 crore on 46.7% increase in net sales to Rs 23.65 crore in Q2 September 2008 over Q2 September 2007.

The company is engaged in manufacturing health care, personal care and food products.

Majority Of The Indian Power Generation Equity Companies - Nov 25, 2008

At 13:16, the BSE Power index was up 2.18% at 1,654.67. It outperformed the Sensex, which was up 0.51% at 8,948.92.Reliance Infrastructure, GVK Power & Infrastructure, Torrent Power, Tata Power Company, NTPC and Reliance Power were up by 0.45% to 11.09%.India will add 11,000 megawatts (MW) of power generation capacity in the current fiscal year to March 2009, the deputy chairman of the Planning Commission, Montek Singh Ahluwalia, told media today (25 November 2008).

India has a capacity of about 145,600 MW but supply lags demand by up to 16% in peak hours.

Meanwhile, faced with an acute coal shortage, majority of the Indian power generation companies are reportedly scouting for coal assets in Indonesia after the share prices of major mines there witnessed steep erosion following the global financial turmoil.

Leading power players such as Tata Power, Reliance Infrastructure, and GMR Energy, with an aim to ensure coal availability for their mega projects in the pipeline, are believed to be the front runners for the Indonesian assets, suggest reports. Apart from the three companies, Vedanta group firm Sterlite Energy, JSW Energy and Larsen and Toubro (L&T) are also evaluating proposals for equity participation in Indonesian mines.

India plans to add 90,000 MW of power during the 11th Five-Year plan and a majority of them are coal-fired projects. Though the country has the fourth-largest proven coal reserves in the world, Indian coal is of poor quality. India had to import over 50 million tonnes of coal in FY 2008 and is estimated that the country would have a shortfall of 100 million tonnes of thermal coal by FY 2012.

Stock Had Outperformed The Market Pharma Equity - Nov 25, 2008

The block deal constituted 0.06% of the company's equity.Meanwhile, the BSE Sensex was up 74.65 points, or 0.84%, to 8,977.77.On BSE, 97,178 shares were traded in the counter. The stock had an average daily volume of 6,952 shares in the past one quarter.The stock hit a high of Rs 1190 and a low of Rs 1156.10 so far during the day. The stock hit a 52-week high of Rs 1212 on 9 July 2008 and a 52-week low of Rs 800 on 22 January 2008.

The mid-cap stock had outperformed the market over the past one month till 24 November 2008, gaining 17.44% as compared to the Sensex's decline of 2.32%. It had also outperformed the market in the past one quarter, gaining 0.75% as compared to the Sensex's decline of 38.18%.

The company's current equity is Rs 84.70 crore. Face value per share is Rs 10.

The current price of Rs 1171.15 discounts the company's Q3 September 2008 annualized EPS of Rs 62.32, by a PE multiple of 18.79.

GlaxoSmithKline Pharma's net profit fell 47% to Rs 131.97 crore on 9.9% to Rs 464.68 crore in Q3 September 2008 over Q3 September 2007.

The company is engaged in manufacturing and marketing pharmaceutical and healthcare products such as betamethasone, cefuroxime and ranitidine.

Sandesh Board To Consider Of Equity Shares - Nov 25, 2008

Sandesh Ltd has informed that a meeting of the Board of Directors of the Company will be held on December 01, 2008, inter alia, to consider, and approve the proposal for Buy-back of equity shares of the Company, pursuant to Section 77A, 77B and other applicable provisions of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998.

Citigroup Rescue Does Not Benefit Banks - Nov 24, 2008

At 13:50 IST, the BSE Bankex was down 4% at 4,414.77. It underperformed the Sensex, which was down 1.50% at 8,781.81.ICICI Bank, State Bank of India, HDFC Bank, Axis Bank, Bank of India, Bank of Baroda and Kotak Mahindra Bank were down by 0.52% to 4.86%.The US government bailed out Citigroup Inc, agreeing to shoulder most of the potential losses on $306 billion of high risk assets, in its most sweeping rescue of a US bank yet in the global economic crisis.

The government will also inject $20 billion of new capital, on top of $25 billion it just put into the bank, and receive preferred shares with an 8% dividend. Citigroup received the latest infusion after its shares plunged 60% in the last week, amid worry it lacked enough capital to survive.

The financial crisis, that began 15 months ago, is now spreading and recent months have seen government taking over quasi-public mortgage firms Fannie Mae and Freddie Mae, bankruptcy of Lehman Brothers, sale of Merrill Lynch, rescue of American International Group among others.

The BSE Bankex had underperformed the market over the past one month till 21 November 2008, declining 21.28% as compared to the Sensex's 16.55% decline. It had, however, outperformed the market in the past one quarter, falling 30.09% as compared to the Sensex's fall of 37.41%.

Godawari Power Slides To Low On Cancellation - Nov 24, 2008

The company made this announcement before trading hours today, 24 November 2008.Meanwhile, the BSE Sensex was down 119.14 points, or 1.34%, to 8,796.07.On BSE, 34,363 shares were traded in the counter. The stock had an average daily volume of 19,460 shares in the past one quarter.The stock hit a high of Rs 66.10 so far during the day. The stock hit a low of Rs 59.10 so far during the day, which is 52-week low for the counter. The stock hit a 52-week high of Rs 376.50 on 1 January 2008.

The small-cap stock had underperformed the market over the past one month till 21 November 2008, declining 26.47% as compared to the Sensex's decline of 16.55%. It had also underperformed the market in the past one quarter, declining 68.26% as compared to the Sensex's decline of 37.41%.

The company's current equity is Rs 28.07 crore. Face value per share is Rs 10.

The current price of Rs 60 discounts the company's Q2 September 2008 annualized EPS of Rs 45.30, by a PE multiple of 1.32.

Earlier, on 27 October 2008, the company's had board approved buying back a minimum three lakh shares at maximum price of Rs 135 a share.

The company has also decided to sell surplus power in open market in view of attractive price realization and better margins

The company also decided a temporarily cut down production of steel billets and ferro alloys until further decision in this regard. The other divisions sponge iron, power generation, wire drawing will continue to function normally, the company said.

Godawari Power & Ispat's net profit rose 48.3% to Rs 31.79 crore on a 86.1% rise in sales to Rs 331.61 crore in Q2 September 2008 over Q2 September 2007.

The company is engaged in manufacturing steel intermediate products like sponge iron and ferro alloys and finished long steel products like billets, wire rods and mild steel wires, which find application in the construction and infrastructure sectors. The group operates in three segments namely steel, electricity and others.

Company Announced The Fuels Recovery In Alphageo - Nov 24, 2008

The company announced the order win during trading hours today, 24 November 2008.Meanwhile, the BSE Sensex was down 173.69 points, or 1.95%, to 8,741.52.On BSE, 6836 shares were traded in the counter. The stock had an average daily volume of 4,246 shares in the past one quarter.The stock hit a high of Rs 110 and a low of Rs 104 so far during the day. The stock hit a 52-week high of Rs 1078.80 on 9 January 2008 and a 52-week low of Rs 103.80 on 20 November 2008.

The small-cap stock had underperformed the market over the past one month till 21 November 2008, declining 37% as compared to the Sensex's decline of 16.55%. It had also underperformed the market in the past one quarter, declining 71.66% as compared to the Sensex's decline of 37.41%.

The company's current equity is Rs 5.12 crore. Face value per share is Rs 10.

The company has bagged an order worth 43.69 crore from Oil & Natural Gas Corporation (ONGC) for acquisition of seismic data in Nagaland.

Alphageo India reported a net loss of Rs 0.70 crore in Q2 September 2008 as compared to net profit of Rs 5.82 crore in Q2 September 2007. Total income fell 99.1% to Rs 0.19 crore in Q2 September 2008 over Q2 September 2007.

The company provides seismic data services. The services of the company include seismic data acquisition, seismic data interpretation and seismic data processing.

Firstsource Solutions Spurts On Good During - Nov 24, 2008

The company declared the results during market hours today, 24 November 2008.Meanwhile, the BSE Sensex was up 32.16 points, or 0.36%, to 8947.37.On BSE, 15.22 lakh shares were traded in the counter. The scrip had an average daily volume of 7.88 lakh shares in the past one quarter.The stock hit a high of Rs 14.20 and a low of Rs 12.05 so far during the day. The stock had a 52-week high of Rs 89.80 on 3 January 2008 and a 52-week low of Rs 11.55 on 21 November 2008.

The stock had underperformed the market over the past one month till 21 November 2008, declining 41.43% as compared to the Sensex's 16.55% decline. It had also underperformed the market in the past one quarter, falling 69.78% as compared to the Sensex's fall of 37.41%.

The small-cap Back-office firm has an equity capital of Rs 428.19 crore. Face value per share is Rs 10.

The current price of Rs 12.80 discounts its Q2 September 2008 annualised EPS of Rs 2.52, by a PE multiple of 5.07.

Firstsource Solutions' consolidated sales rose 5.17% to Rs 429 crore in Q2 September 2008 over Q1 June 2008.

Firstsource Solutions reportedly expects to see a slowdown in revenue growth for the year-ending March 2009 as business slows and on foreign currency volatility.

The firm has revised downwards its annual dollar revenue guidance to 21% from 33-38% announced earlier.

Firstsource Solutions provides business process outsourcing services. The company provides services globally to companies in the banking, financial services, and insurance industries.

Equity Shares Of Under The Aggregating Option - Nov 22, 2008

HCL Technologies Ltd has informed that the Employees Stock Option Allotment Committee of the Company on November 21, 2008 has allotted 1,21,320 Equity Shares of Rs 2/- each, under the 1999, 2000 & 2004 Stock Option Plans of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone up to 669,384,992 equity shares of Rs 2/- each aggregating to Rs 1,338,769,984/-.

Gains On Plan To Restart Fuel Retailing Has Equity - Nov 22, 2008

Meanwhile, the BSE Sensex was up 130.14 points, or 1.54%, to 8581.15.On BSE, 22.64 lakh shares were traded in the counter. The scrip had an average daily volume of 18.10 lakh shares in the past one quarter.The stock hit a high of Rs 1114 and a low of Rs 1021 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008 and a 52-week low of Rs 930 on 27 October 2008.

The stock had underperformed the market over the past one month till 20 November 2008, declining 19.88% as compared to the Sensex's 17.33% decline. It had also underperformed the market in the past one quarter, falling 52.83% as compared to the Sensex's fall of 42.42%.

India's largest private sector company by market capitalisation and oil refiner has an equity capital of Rs 1573.79 crore. Face value per share is Rs 10.

The current price of Rs 1073.80 discounts its Q2 September 2008 annualised EPS of Rs 113.40, by a PE multiple of 9.46.

As per recent reports, Reliance Industries that had shut down all its petrol pumps because of huge losses after crude oil price soared, has now written to the government to start fuel pumps again. Since the crude prices have fallen to the lowest level in three years, companies operating private fuel pumps can hope to start pushing sales more aggressively.

Meanwhile, RIL is reported to have raised Rs 1000 crore today (21 November 2008), through an issue of bonds. The five-year bonds carry a coupon rate of 11.45%, report suggested. Earlier on Wednesday, 19 November 2008, some reports had suggested that the company may raise Rs 5000 crore from the Life Insurance Corporation of India via 11.5% non-convertible debentures.

Reliance Industries (RIL)'s net profit rose 7.4% to Rs 4122 crore on 39.8% growth in net sales to Rs 44787 crore in Q2 September 2008 over Q2 September 2007.

On 3 October 2008, RIL said it had allotted 12 crore equity shares of face value Rs 10 each to various promoter group firms upon exercise of rights attached to warrants held by them. These equity shares would be subject to a lock-in for a period of three years from the date of allotment of the warrants. The conversion price for the warrants is Rs 1,402 per share.

RIL manufactures petrochemicals, synthetic fibers, fiber intermediates, textiles, blended yarn and polyester staple fiber. The company also owns a petroleum refinery cum petrochemicals complex in Jamnagar, Gujarat that produces a wide range of products such as gasoline, superior kerosene oil and liquified petroleum gas.

Power Utility Reliance Soared Snapping Of Sessions - Nov 22, 2008

Power utility Reliance Infrastructure soared 14.07% to Rs 485.20, snapping losses of seven consecutive sessions. It was the top gainer in BSE's A group. The stock shed 31.63% in seven successive sessions to Rs 425.35 on 20 November 2008 from Rs 622.20 on 10 November 2008.India's second largest listed telecom service provider by sales Reliance Communication spurted 13.64% to Rs 207.10. It was the second biggest gainer in A group.

Diversified infrastucture developer GVK Power & Infrastructure flared up 13.28% to Rs 14.67 after a group firm was awarded seven deep-water blocks in consortium with BHP Billiton Petroleum International. It was the third biggest gainer in A group. The Cabinet Committee on Economic Affairs yesterday, 20 November 2008, gave the go ahead for awarding 44 oil and gas exploration blocks under the New Exploration Licensing Policy.

Construction and engineering firm IVRCL Infrastructure & Projects moved up 12.18% to Rs 131.75. It was the fourth biggest gainer in A group.Newspaper publisher Deccan Chronicle Holdings rose 11.75% to Rs 44.70. It was the fifth biggest gainer in A group.

Rise As Fuel Price Cut Is Not On Cards Controlled Price - Nov 21, 2008

Bharat Petroleum Corporation (BPCL), Hindustan Petroleum Corporation (HPCL), and Indian Oil Corporation (IOC) were up by 2.33% 4.39%.As per reports, the government is not considering a cut in fuel prices as state-run companies continue to make losses on sale of LPG and kerosene.State-run oil marketing firms for the first-time in three years started making profits on sale of petrol and diesel this month but they continue to lose Rs 82 crore per day on kerosene and LPG.

The three firms, who started making profit on the sales of petrol from November 1, this week broke-even on diesel sales.

Based on the average international oil prices in the first fortnight of November, the state-run firms are earning a margin of Rs 16 crore per day on petrol and Rs 5 crore a day on diesel.

However, they continue to lose on kerosene sold through ration shops and domestic LPG. Kerosene is being sold at a loss of Rs 22.40 a litre and LPG at Rs 343.49 per cylinder.

Reports sugested the fall in international oil prices will result in lower revenue loss on fuel sales this fiscal. IOC, BPCL and HPCL will end the 2008-09 fiscal with Rs 1,22,710 crore revenue loss, Rs 92,853 crore of which has already been accounted for in the first half of the fiscal.

Oil prices fell to 3-1/2-year low, trading below $50 a barrel, as commodity prices slumped on expectations of reduced demand as a result of a global recession. However, the price recovered back to $50 today. State-run oil marketing firms suffer revenue loss on domestic sale of petrol, diesel, LPG and kerosene at a controlled price.

Glenmark Pharma Mark On Nod For New Drug - Nov 21, 2008

The company made this announcement during trading hours today, 21 November 2008.Meanwhile, the BSE Sensex was up 219.03 points, or 2.59%, to 8,670.04.On BSE, 78,883 shares were traded in the counter. The stock had an average daily volume of 2.14 lakh shares in the past one quarter.The stock hit a high of Rs 317.40 and a low of Rs 306 so far during the day. The stock has a 52-week high of Rs 730 on 16 June 2008 and a 52-week low of Rs 211.05 crore on 29 October 2008.

The mid-cap stock had underperformed the market over the past one month till 20 November 2008, declining 35.29% as compared to the Sensex's decline of 17.33%. It had also underperformed the market in the past one quarter, declining 53.86% as compared to the Sensex's decline of 42.42%.

The company's current equity is Rs 25.02 crore. Face value per share is Rs 1.

The current price of Rs 315.90 discounts the company's Q2 September 2008 annualized EPS of Rs 10.69, by a PE multiple of 5.85.

Glenmark Pharmaceuticals has received approval from the US Food & Drug Administration (USFDA) for marketing Ranitidine in 150 miligram (mg) and 300 mg strengths in the US.

Ranitidine is used for eight separate indications including the short-term treatment and maintenance of duodenal ulcer patients, the treatment of pathological hypersecretory conditions, the short-term treatment and maintenance of gastric ulcer patients, treatment of gastro esophageal reflux disease (GERD) and the treatment and maintenance of erosive esophagitis.

The drug has sales of $41 million in the US for the 12-month period ended June 2008.

On 10 November 2008, the company launched its first product Perindopril tablets in Western Europe.

Glenmark Pharmaceuticals' net profit rose 4.7% to Rs 66.89 crore on 19.1% fall in net sales to Rs 225.85 crore in Q2 September 2008 over Q2 September 2007.

Glenmark Pharmaceuticals manufactures and markets pharmaceutical ingredients. Currently, the company has 11 drug compounds at various stages of research development for treatment of diseases such as inflammation, heart ailments, metabolic disorders and cancer.

Hindustan Zinc Inched Ahead On Price Hike - Nov 21, 2008

Meanwhile, the BSE Sensex was up 126.99 points, or 1.50%, to 8,578.On BSE, 8,136 shares were traded in the counter. The stock had an average daily volume of 60,889 shares in the past one quarter.The stock hit a high of Rs 338 and a low of Rs 324.45 so far during the day. The stock has a 52-week high of Rs 860 on 14 December 2007 and a 52-week low of Rs 215 crore on 27 October 2008.

The mid-cap stock had outperformed the market over the past one month till 20 November 2008, gaining 17.75% as compared to the Sensex's decline of 17.33%. It had also outperformed the market in the past one quarter, declining 41.07% as compared to the Sensex's decline of 42.42%.

The company's current equity is Rs 422.53 crore. Face value per share is Rs 10.

The current price of Rs 330.10 discounts the company's Q2 September 2008 annualized EPS of Rs 90.83, by a PE multiple of 3.63.

Hindustan Zinc's profit fell 17.9% to Rs 959.51 crore on 12.1% fall in net sales to Rs 1743.84 crore in Q2 September 2008 over Q2 September 2007.

Hindustan Zinc's activities comprise mining and smelting of zinc and lead. The products include zinc ingots, lead ingots, silver, sulphuric acid, cadmium ingots, copper cathode and others.

Sintex Industries Slips After Block Deal - Nov 21, 2008

Meanwhile, the BSE Sensex was up 313.21 points, or 3.91%, to 8781.78. On BSE, 6.92 lakh shares were traded in the counter. The scrip had an average daily volume of 1.12 lakh shares in the past one quarter. The stock hit a high of Rs 169 and a low of Rs 158.10 so far during the day. The stock had a 52-week high of Rs 615 on 4 January 2008 and a 52-week low of Rs 137.15 on 29 October 2008.

The stock had underperformed the market over the past one month till 20 November 2008, declining 10.44% as compared to the Sensex's 17.33% decline. It had also underperformed the market in the past one quarter, falling 45.50% as compared to the Sensex's fall of 42.42%. The mid-cap plastic water storage tanks maker has an equity capital of Rs 27.30 crore.

Face value per share is Rs 2. The current price of Rs 161.90 discounts its Q2 September 2008 annualised EPS of Rs 20.14, by a PE multiple of 8.03. Sintex Industries' net profit rose 62.5% to Rs 68.24 crore on a 37% rise in sales to Rs 438.90 crore in Q2 September 2008 over Q2 September 2007. The company manufactures water storage tanks, loft tanks, industrial containers and material handling containers.

Company Equity Discounts Has Sell Its Business - Nov 20, 2008

The company made this announcement during trading hours today, 20 November 2008.Meanwhile, the BSE Sensex was down 351.53 points, or 4.01%, to 8,422.25.On BSE, 22,722 shares were traded in the counter. The stock had an average daily volume of 49,530 shares in the past one quarter.The stock hit a high of Rs 217 and a low of Rs 200 so far during the day.

The stock has a 52-week high of Rs 441 on 6 December 2007 and a 52-week low of Rs 190 on 18 November 2008.The mid-cap stock had underperformed the market over the past one month till 19 November 2008, declining 15.56% as compared to the Sensex's decline of 12.05%. It had outperformed the market in the past one quarter, declining 30.88% as compared to the Sensex's decline of 39.67%.

The company's current equity is Rs 39.60 crore. Face value per share is Rs 2.The current price of Rs 205.20 discounts the company's Q2 September 2008 annualized EPS of Rs 18.97, by a PE multiple of 10.82.

Cummins India's board has approved to sell its power generation rental business to Pune based Aggreko Energy Rental India, which rents generator sets across the country, for a total consideration not less than Rs 29 crore. The sale will enable the company to focus its attention on growing its core business.

Cummins India's net profit surged 41.3% to Rs 93.92 crore on 49.5% increase in net sales to Rs 789.82 crore in Q2 September 2008 over Q2 September 2007.

Cummins India is engaged in manufacturing and selling internal combustion engines, diesel generating sets and special purpose machines. The products of the engine business segment are used for various applications such as power generation, construction, compressor, mining, marine, locomotive and fire fighting.

Shares Crumble On Weak US Equity Exports - Nov 20, 2008

At 11:15 IST, the BSE IT index was down 3.72% at 2,320.88. It, however, outperformed the Sensex, which fell 4.35% at 8,392.36.Infosys Technologies, Wipro, TCS, and Satyam Computer fell 3.90% to 6.34%.Indian software firms earn more than half of their revenue from exports to the United States. The US Federal Reserve officials on Wednesday, 19 November 2008, pared their outlook for growth in the world's biggest economy to minimal levels.

The weaker forecast came on a day in which data showed US consumer prices in October 2008 posted their biggest drop since monthly records began in 1947, while new-home buildings slumped to fresh lows. Indian software firms earn more than half of their revenue in dollar terms from the US market.

A weaker rupee failed to lift sentiments for the IT stocks. The rupee opened at a record low of 50.50 per dollar today, 20 November 2008, as a sharp fall in Asian share prices raised worries of foreigners selling local equity holdings. A weaker rupee augurs well for the sector as IT firms earn most of their revenues from.

Loses Gloss On Shutting Unit Equity Current Company - Nov 20, 2008

The company made this announcement during trading hours on Wednesday, 19 November 2008, when the stock declined 1.29% to Rs 944.35.Meanwhile, the BSE Sensex was down 405.26 points, or 4.62%, to 8,368.52.On BSE, 1,164 shares were traded in the counter. The stock had an average daily volume of 15,663 shares in the past one quarter.The stock hit a high of Rs 922 and a low of Rs 895 so far during the day.

The stock has a 52-week high of Rs 1319.95 on 31 January 2008 and a 52-week low of Rs 830 on 27 October 2008.The mid-cap stock had outperformed the market over the past one month till 19 November 2008, declining 1.03% as compared to the Sensex's decline of 12.05%. It had also outperformed the market in the past one quarter, declining 20.63% as compared to the Sensex's decline of 39.67%.

The company's current equity is Rs 95.92 crore. Face value per share is Rs 10.The current price of Rs 895 discounts the company's Q2 September 2008 annualized EPS of Rs 50.75, by a PE multiple of 17.64.Asian Paints' net profit rose 12.2% to Rs 121.71 crore on 31.1% increase in net sales to Rs 1168.34 crore in Q2 September 2008 over Q2 September 2007.

The company manufactures and markets paints. The group also manufactures phthalic anhydride and pentaerythritol. The group operates in Australia, Fiji, Solomon Islands, Tonga, Vanuatu, Myanmar, China, Thailand, Malaysia, Singapore, Bangladesh, Nepal, Srilanka, Bahrain, the UAE, Oman, Barbados, Jamaica, Trinidad, Tobago, Egypt, Mauritius and Malta.

Polaris Software Lab Softens On Citigroup Exit - Nov 20, 2008

Meanwhile, the BSE Sensex was down 437.05 points, or 4.98%, to 8331.21.On BSE, 1.67 lakh shares were traded in the counter. The scrip had an average daily volume of 3.40 lakh shares in the past one quarter.The stock hit a high of Rs 37 and a low of Rs 34.20 so far during the day. The stock had a 52-week high of Rs 141.30 on 9 January 2008 and a 52-week low of Rs 36 on 27 October 2008.

The stock had underperformed the market over the past one month till 19 November 2008, declining 13.51% as compared to the Sensex's 12.05% decline. It had also underperformed the market in the past one quarter, falling 64.67% as compared to the Sensex's fall of 39.67%.

The small-cap software services firm has an equity capital of Rs 49.33 crore. Face value per share is Rs 5.

The current price of Rs 35.10 discounts its Q2 September 2008 annualised EPS of Rs 12.15, by a PE multiple of 2.88.

Citigroup is reportedly in talks with two Indian and one US IT firms to sell its 40% stake in Polaris Software. Citigroup holds 22.88% directly and its wholly-owned subsidiary, Orbitech, owns another 20.45%. Collectively, Citi holds a little over 43% stake in Polaris. The potential buyers include IBM and Wipro and that TCS could also join the race.

As per reports, stake sale in Polaris is part of Citigroup's strategy to offload non-strategic assets to offset its sub-prime related losses.

Polaris Software Lab's net profit rose 57.7% to Rs 29.97 crore on a 12.4% rise in sales to Rs 300.32 crore in Q2 September 2008 over Q1 June 2008.

Polaris Software Lab delivers customized software solutions and products in the domain of banking, financial services and insurance (BFSI).

Supreme Industries Consider Buy Back Of Equity - Nov 19, 2008

Supreme Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on November 26, 2008, inter alia, to consider Buy-back of Companys Equity Shares to such extent [not exceeding 10% of the Net worth (Paid-up Equity Capital and Free Reserves) of the Company] and on such Terms & Conditions, as the Board may decide.

Equity Shares Would Be Subject To A Lock-In For Period - Nov 19, 2008

Meanwhile, the BSE Sensex was up 276.79 points, or 3.15%, to 9220.80.On BSE, 16.44 lakh shares were traded in the counter. The scrip had an average daily volume of 18.10 lakh shares in the past one quarter.The stock hit a high of Rs 1220 and a low of Rs 1133.10 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008 and a 52-week low of Rs 930 on 27 October 2008.

The stock had underperformed the market over the past one month till 18 November 2008, declining 12.61% as compared to the Sensex's 10.41% decline. It had also underperformed the market in the past one quarter, falling 48.73% as compared to the Sensex's fall of 38.98%.

India's largest private sector company by market capitalisation and oil refiner has an equity capital of Rs 1573.79 crore. Face value per share is Rs 10.

The current price of Rs 1207 discounts its Q2 September 2008 annualised EPS of Rs 113.40, by a PE multiple of 10.64.

Recently, ABN Amro had cut its target price on the Reliance Industries (RIL) stock by a whopping 38% to Rs 1150 while maintaining a 'sell' rating as it expects grim scenario for the company's refining business due to slowdown in global oil demand, on the back of expected slowdown in global GDP, and new refining capacity.

Reliance Industries (RIL)'s net profit rose 7.4% to Rs 4122 crore on 39.8% growth in net sales to Rs 44787 crore in Q2 September 2008 over Q2 September 2007.

On 3 October 2008, RIL said it had allotted 12 crore equity shares of face value Rs 10 each to various promoter group firms upon exercise of rights attached to warrants held by them. These equity shares would be subject to a lock-in for a period of three years from the date of allotment of the warrants. The conversion price for the warrants is Rs 1,402 per share.

RIL manufactures petrochemicals, synthetic fibers, fiber intermediates, textiles, blended yarn and polyester staple fiber. The company also owns a petroleum refinery cum petrochemicals complex in Jamnagar, Gujarat that produces a wide range of products such as gasoline, superior kerosene oil and liquified petroleum gas.

Kalindee Rail Nirman Speeds Up As Hikes Stake - Nov 19, 2008

Meanwhile, the BSE Sensex was up 176.85 points, or 1.98%, to 9114.05.On BSE, 2.93 lakh shares were traded in the counter. The scrip had an average daily volume of 23,721 shares in the past one quarter.The stock hit a high of Rs 154.40 and a low of Rs 136 so far during the day. The stock had a 52-week high of Rs 600 on 1 January 2008 and a 52-week low of Rs 85 on 10 October 2008.

The stock had outperformed the market over the past one month till 18 November 2008, rising 24.02% as compared to the Sensex's 10.41% decline. It had also outperformed the market in the past one quarter, falling 36.82% as compared to the Sensex's fall of 38.98%.

The small-cap railway telecommunication products maker has an equity capital of Rs 11.22 crore. Face value per share is Rs 10.

The current price of Rs 146.80 discounts its Q2 September 2008 annualised EPS of Rs 11.34, by a PE multiple of 12.94.

L&T Capital Company, a subsidiary of engineering bellwether Larsen & Toubro, has acquired an additional 8.3% in Kalindee Rail Nirman (Engineers) raising its stake in the latter to 13.9%, according to the data filed with the stock exchange during market hours today, 19 November 2008. L&T Capital is a wholly-owned unit of Larsen & Toubro

Kalindee Rail Nirman (Engineers)'s net profit rose 9.3% to Rs 3.18 crore on a 100% rise in sales to Rs 87.76 crore in Q2 September 2008 over Q2 September 2007.

Kalindee Rail Nirman is engaged in installation, commissioning of signaling and telecommunication projects and execution of gauge conversion projects for Indian Railways.

London Listed Metals And Mining With Aluminum - Nov 19, 2008

Meanwhile, the BSE Sensex was up 145.05 points, or 1.62%, to 9082.02.On BSE, 5.77 lakh shares were traded in the counter. The scrip had an average daily volume of 9.54 lakh shares in the past one quarter.The stock hit a high of Rs 234.90 and a low of Rs 219 so far during the day. The stock had a 52-week high of Rs 1140 on 7 December 2007 and a 52-week low of Rs 164.50 on 27 October 2008.

The stock had underperformed the market over the past one month till 18 November 2008, declining 19.94% as compared to the Sensex's 10.41% decline. It had also underperformed the market in the past one quarter, falling 64.35% as compared to the Sensex's fall of 38.98%.

India's biggest copper and zinc produce has an equity capital of Rs 141.74 crore. Face value per share is Rs 2.

The current price of Rs 230.10 discounts its Q2 September 2008 annualised EPS of Rs 26.14, by a PE multiple of 8.80.

On the London Metal Exchange, copper for delivery in three months rose $90, or 2.5%, to $3,750 a metric ton.

Sterlite Industries (India)'s net profit surged 117.5% to Rs 462.93 crore on 5.5% increase in net sales to Rs 3738.65 crore in Q2 September 2008 over Q2 September 2007.

Sterlite Industries is a leading producer of copper in India. It is a part of Vedanta Resources, a London listed metals and mining major, with aluminum, copper and zinc operations in India and Australia.

Equity Capital Of The Current Price Reported Target - Nov 18, 2008

Meanwhile, the BSE Sensex was down 410.41 points, or 4.42%, to 8880.60.On BSE, 14.73 lakh shares were traded in the counter. The scrip had an average daily volume of 34.79 lakh shares in the past one quarter.The stock hit a high of Rs 382 and a low of Rs 357.55 so far during the day. The stock had a 52-week high of Rs 1465 on 14 January 2008 and a 52-week low of Rs 282.15 on 27 October 2008.

The stock had outperformed the market over the past one month till 17 November 2008, declining 1.19% as compared to the Sensex's 6.86% decline. It had, however, underperformed the market in the past one quarter, falling 42.51% as compared to the Sensex's fall of 36.90%.

India's largest private sector bank by market capitalisation has an equity capital of Rs 1113.26 crore. Face value per share is Rs 10.

The current price of Rs 358.80 discounts its Q2 September 2008 annualised EPS of Rs 36.44, by a PE multiple of 9.84.

ICICI Bank is reported to have halved its target for growth in lending to 15%, instead of 30% target rate set earlier, as high interest rates have slowed down domestic growth cycle. Reports added that ICICI's loan growth slumped to 16% from a peak of 55% in the year that ended March 2006.

ICICI chief Kamath said in a media interview that lending rates must fall by another 3% to ignite a rebound in loan demand. He further added that domestic bad loans may increase unless borrowing costs fall.

ICICI Bank raised provisions for delinquent loans and losses on investments by 43% to Rs 923.53 crore in Q2 September 2008 over Q2 September 2007.

ICICI Bank's net profit rose 1.2% to Rs 1014.21 crore on a 1.3% rise in operating income to Rs 9712.31 crore in Q2 September 2008 over Q2 September 2008.

ICICI Bank provides retail-banking, corporate banking, cash management and treasury management services.

Chain Operator Has An Equity Capital Of Share - Nov 18, 2008

Around 13.22 lakh shares, or 0.33% equity, changed hands in a block deal at Rs 102.20 on NSE. The deal took place at 10:46 IST.Meanwhile, the BSE Sensex was down 211.42 points, or 2.28%, to 9079.59.On BSE, 2.44 lakh shares were traded in the counter. The scrip had an average daily volume of 1.87 lakh shares in the past one quarter.The stock hit a high of Rs 101.40 and a low of Rs 80.10 so far during the day.

The stock had a 52-week high of Rs 246.95 on 7 January 2008 and a 52-week low of Rs 74 on 7 November 2008.The stock is up 20.62% from a recent low of Rs 80.50 on 12 November 2008.

The stock had underperformed the market over the past one month till 17 November 2008, declining 19.56% as compared to the Sensex's 6.86% decline. It had, however, outperformed the market in the past one quarter, falling 34.39% as compared to the Sensex's fall of 36.90%.

The mid-cap hotel chain operator has an equity capital of Rs 78.59 crore. Face value per share is Rs 2.

The current price of Rs 97.10 discounts its Q2 September 2008 annualised EPS of Rs 3.19, by a PE multiple of 30.43.

EIH's net profit fell 26.8% to Rs 31.31 crore on a 8.5% rise in sales to Rs 234.22 crore in Q2 September 2008 over Q2 September 2007.

EIH owns and operates luxury hotels and resorts in India under the name 'Oberoi'. The company also manages a mid-price hotel chain in India, in addition to hotels in Egypt, Australia, Sri Lanka, Indonesia and Saudi Arabia.

Equity Face Value Per The Current Price Equipment - Nov 18, 2008

The company made this announcement in after trading hours on Monday, 17 November 2008.Meanwhile, the BSE Sensex was down 385.79 points, or 4.15%, to 8,905.22.On BSE, 2,356 shares were traded in the counter. The stock had an average daily volume of 1,109 shares in the past one quarter.The stock hit a high of Rs 121 and a low of Rs 114 so far during the day. The stock has a 52-week high of Rs 670 on 28 December 2007 and a 52-week low of Rs 124 on 17 November 2008.

The small-cap stock had underperformed the market over the past one month till 17 November 2008, declining 25.82% as compared to the Sensex's decline of 6.86%. It had also underperformed the market in the past one quarter, declining 57.12% as compared to the Sensex's decline of 36.90%.

The company's current equity is Rs 15.11 crore. Face value per share is Rs 10.

The current price of Rs 114 discounts the company's Q4 September 2008 annualized EPS of Rs 19.67, by a PE multiple of 5.80.

The company is compelled to moderate production over the next two months as the commercial vehicle market is witnessing a steep fall in demand which has driven the company's original equipment customers to resort to shut downs or layoffs, it said.

Automotive Axles' net profit fell 45.8% to Rs 7.43 crore on 15% fall in net sales to Rs 136.14 crore in Q4 September 2008 over Q4 September 2007.

The company manufactures all types of complete axles and axle assemblies including components and corresponding brake sets. It also manufactures automotive gears and air- and hydraulic-activated brake assemblies.

Apollo Hospitals Enterprise Inches Ahead Equity - Nov 18, 2008

The company made the disclosure to the stock exchanges during trading hours on Monday, 17 November 2008, when the stock had slipped 0.26% to Rs 402.65. Meanwhile, the BSE Sensex was down 390.62 points, or 4.20%, to 8,900.39.On BSE, 3,687 shares were traded in the counter. The stock had an average daily volume of 17,238 shares in the past one quarter.The stock hit a high of Rs 408.90 and a low of Rs 400 so far during the day.

The stock has a 52-week high of Rs 630.30 on 1 January 2008 and a 52-week low of Rs 350 on 27 October 2008.The mid-cap stock had underperformed the market over the past one month till 17 November 2008, declining 9.67% as compared to the Sensex's decline of 6.86%. It had outperformed the market in the past one quarter, declining 16.32% as compared to the Sensex's decline of 36.90%.

The company's current equity is Rs 60.24 crore. Face value per share is Rs 10.

The current price of Rs 406.30 discounts the company's Q2 September 2008 annualized EPS of Rs 20.01, by a PE multiple of 20.30.

Apollo Hospitals Enterprise's net profit rose 27.8% to Rs 30.13 crore on 29.9% increase in net sales to Rs 364.83 crore in Q2 September 2008 over Q2 September 2007.

On 30 October 2008, the company's board dropped a proposal of 10-for-1 stock split.

The hospital provides health care and other related services. The group operates in three segments: hospitals, retail pharmacy and others. It has a network of more than 420 pharmacy outlets.

Equity Face Value Has Cut Production Reports Suggest - Nov 17, 2008

Meanwhile, the BSE Sensex was down 329.89 points, or 3.51%, to 9,055.53.On BSE, 12.20 lakh shares were traded in the counter. The stock had an average daily volume of 48.87 lakh shares in the past one quarter.The stock hit a high of Rs 11.45 and a low of Rs 10.62 so far during the day. The stock has a 52-week high of Rs 87.40 on 20 December 2007 and a 52-week low of Rs 9 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 14 November 2008, declining 22.72% as compared to the Sensex's decline of 18.27%. It had also underperformed the market in the past one quarter, declining 57.29% as compared to the Sensex's decline of 36.26%.

The company's current equity is Rs 1222.44 crore. Face value per share is Rs 10.

Ispat Industries, which has already cut production by 30%, expects sales to fall by a quarter in the year to March 2009, reports suggest.

Ispat Industries reported a net loss of Rs 26.74 crore in Q2 September 2008 compared to a net profit of Rs 13.54 crore in Q2 September 2007. The company's sales rose 58% to Rs 3,199.70 crore in Q2 September 2008 over Q2 September 2007.

Ispat Industries, promoted by the Mittals group, is into manufacture of all types of galvanized plain/corrugated steel sheets/strips, coils and sponge iron.

Sterlite Industries Loses Sheen As Tumbles - Nov 17, 2008

Meanwhile, the BSE Sensex was down 310.43 points, or 3.31%, to 9,074.99.On BSE, 2.64 lakh shares were traded in the counter. The stock had an average daily volume of 9.54 lakh shares in the past one quarter.The stock hit a high of Rs 232.90 and a low of Rs 215.90 so far during the day. The stock has a 52-week high of Rs 1140 on 7 December 2007 and a 52-week low of Rs 164.50 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 14 November 2008, declining 30.09% as compared to the Sensex's decline of 18.27%. It had also underperformed the market in the past one quarter, declining 63.37% as compared to the Sensex's decline of 36.26%.

The company's current equity is Rs 141.74 crore. Face value per share is Rs 2.

The current price of Rs 217 discounts the company's Q2 September 2008 annualized EPS of Rs 26.14, by a PE multiple of 8.30.

Sterlite Industries India's net profit surged 117.5% to Rs 462.93 crore on 5.5% increase in net sales to Rs 3738.65 crore in Q2 September 2008 over Q2 September 2007.

Sterlite Industries is a leading producer of copper in India. It is a part of Vedanta Resources, a London listed metals and mining major, with aluminum, copper and zinc operations in India and Australia.

Measures Do Not Benefit Housing Finance Firms - Nov 17, 2008

Housing Development Finance Corporation (HDFC), LIC Housing Finance, Dewan Housing Finance Corporation, GIC Housing Finance, were down 1.22% to 5.53%.The Reserve Bank of India (RBI) on Saturday (15 November 2008) allowed housing finance companies to raise short-term foreign-currency loans. This is a temporary step only available to companies registered with the National Housing Bank.But the demand for housing loans has slowed down due to higher cost of borrowing.

Equity Shares Of Face Value Promoter Group - Nov 17, 2008

Meanwhile, the BSE Sensex was down 420.49 points, or 4.48%, to 8963.97.On BSE, 14.67 lakh shares were traded in the counter. The scrip had an average daily volume of 18.10 lakh shares in the past one quarter.The stock hit a high of Rs 1164 and a low of Rs 1081 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008 and a 52-week low of Rs 930 on 27 October 2008.The stock has lost 15.81% from a recent high of Rs 1303.05 on 10 November 2008.

The stock had underperformed the market over the past one month till 14 November 2008, declining 29.09% as compared to the Sensex's 18.27% decline. It had also underperformed the market in the past one quarter, falling 49.52% as compared to the Sensex's fall of 36.26%.

India's largest private sector company by market capitalisation and oil refiner has an equity capital of Rs 1573.79 crore. Face value per share is Rs 10.

The current price of Rs 1097 discounts its Q2 September 2008 annualised EPS of Rs 113.40, by a PE multiple of 9.67.

Recently, ABN Amro cut its target price on the Reliance Industries (RIL) stock by a whopping 38% to Rs 1150 while maintaining a 'sell' rating as it expects grim scenario for the company's refining business due to slowdown in global oil demand, on the back of expected slowdown in global GDP, and new refining capacity.

Reliance Industries (RIL)'s net profit rose 7.4% to Rs 4122 crore on 39.8% growth in net sales to Rs 44787 crore in Q2 September 2008 over Q2 September 2007.

On 3 October 2008, RIL said it had allotted 12 crore equity shares of face value Rs 10 each to various promoter group firms upon exercise of rights attached to warrants held by them. These equity shares would be subject to a lock-in for a period of three years from the date of allotment of the warrants. The conversion price for the warrants is Rs 1,402 per share.

RIL manufactures petrochemicals, synthetic fibers, fiber intermediates, textiles, blended yarn and polyester staple fiber. The company also owns a petroleum refinery cum petrochemicals complex in Jamnagar, Gujarat that produces a wide range of products such as gasoline, superior kerosene oil and liquified petroleum gas.

Punj Lloyd Allots Equity Shares - Nov 15, 2008

The committee of Punj Lloyd has allotted 15130 equity shares of Rs 2 each to the eligible employees under ESOP 2006 of the company.These shares were allotted at the committee meeting held on 12 November 2008.

Tata Teleservices Maharastra Has Gainers In A Group - Nov 15, 2008

CDMA based telecom service provider Tata Teleservices (Maharastra) (TTML) soared 12.23% to Rs 20.19, extending gains for the second session, after Japans's NTT DoCoMo and Tata Sons jointly made an open offer to buy 20% stake in the company for Rs 24.70 a share. It was the biggest gainer in BSE's 'A' group.

The TTML stock had ended 7.60% higher at Rs 17.99 in the previous trading session on Wednesday, 12 November 2008, when NTT DoCoMo Inc, acquired a 26% stake for $2.7 billion (Rs 13,070 crore) in Tata Teleservices, the parent of TTML, to expand into the world's fastest-growing major wireless market, valuing the company at $10.4 billion. The deal was announced after trading hours on Wednesday.

Realty developer Housing Development and Infrastructure (HDIL) flared up 8.10% to Rs 117.40, shrugging off reports the company has offered to sell off three of its plots totalling about 4.5 million square feet (sq ft) in Mumbai to beat the liquidity crunch. It was the second biggest gainer in A group. The plots include 1.5 million sq ft saleable land at Andheri, 2.5 million sq ft at Kurla and 63,000 sq ft at Carmichael Road in the upmarket Malabar hill area.

Power utility CESC sprout 4.76% to Rs 227.90 after a report suggested that the company's Rs 2500-crore retail expansion plan till 2010 was intact and it would have 750 Spencer's Retail stores by then. It was the third biggest gainer in A group. The unlisted Spencer's Retail is a unit of CESC.

IT solutions provider Financial Technologies moved up 3.58% to Rs 689.20. It was the fourth biggest gainer in A group.

State-run oil marketing firm Hindustan Petroleum Corporation (HPCL) rose 3.14% at Rs 218.55. It was the fifth biggest gainer in A group.

Issue And Allot Wipro Allotment Of Equity Shares - Nov 15, 2008

Wipro Ltd has informed that Administrative Committee of the Companys Board of Directors vide their resolution dated November 14, 2008, resolved the following:

1. To issue and allot 62900 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees under the Wipro Employees ESOPs 2000 Plan and Restricted Stock Unit Plan 2004.

2. Allotted 18692 equity shares of par value of Rs 2/- to JP Morgan Chase Bank, the Companys depository as underlying shares in respect of ADRs to be issued and allocated to the purchasers, pursuant to the exercise of the stock options granted to the employees under the Companys ADS Restricted Stock Unit Plan- 2004.

Sail Loses Sheen On Reports Of Deferring Expansion - Nov 15, 2008

Meanwhile, the BSE Sensex was down 132.83 points, or 1.39%, to 9408.23.On BSE, 31.78 lakh shares were traded in the counter. The scrip had an average daily volume of 20.73 lakh shares in the past one quarter.The stock hit a high of Rs 74.90 and a low of Rs 67.70 so far during the day. The stock had a 52-week high of Rs 292.50 on 13 December 2007 and a 52-week low of Rs 62 on 27 October 2008.

The stock had underperformed the market over the past one month till 12 November 2008, declining 33.87% as compared to the Sensex's 9.42% decline. It had also underperformed the market in the past one quarter, falling 50% as compared to the Sensex's fall of 37.31%.

The mid-cap state-run steel maker has an equity capital of Rs 4130.40 crore. Face value per share is Rs 10.

The current price of Rs 69.60 discounts its Q2 September 2008 annualised EPS of Rs 19.46, by a PE multiple of 3.57.

As per reports, Steel Authority of India (Sail) may miss the 2010-deadline to complete its ambitious expansion and modernisation programme to enhance production capacity from 15 million tonne to over 26 million tonne with an investment of Rs 54,000 crore.

The reports suggested that a sharp slide in domestic demand for steel had forced the company to defer the 2010-deadline by 3 to 4 years.

Sail's net profit rose 18.2% to Rs 2009.60 crore on a 33.6% rise in sales to Rs 12238.59 crore in Q2 September 2008 over Q2 September 2007.

Sail is an integrated steel manufacturing company. The company's products include pig iron, steel ingots, liquid steel, alloy steel, special steel, stainless steel, ferro alloys, spirally welded pipes, and calcium ammonium nitrate. The Government of India currently holds 85.82% in the company.

IT Shares Fall On Deep Cut In Guidance By Intel Corp - Nov 14, 2008

Meanwhile, the BSE Sensex was down 53.17 points, or 0.56%, to 9,478.17.IT majors, Wipro, Infosys and Tata Consultancy Services fell by between 0.17% to 3.35%. But India's third largest IT exporter by sales Satyam Computer Services rose 0.21%.The BSE IT index hit a high of 2,703.79 and a low of 2,563.87 so far during the day. The index had a 52-week high of 4,746.59 on 2 June 2008 and a 52-week low of 2,335.89 on 27 October 2008.

IT shares were under pressure recently on worries that the newly US president-elect Barack Obama may curtail the outsourcing business of the country and the direct impact will be on India's IT sector. Obama has strong reservations on outsourcing and in his pre-election campaigns he had promised ending tax breaks for companies that ship US jobs overseas.

The BSE IT index had outperformed the market over the past one month till 12 November 2008, rising 1.88% as compared to the Sensex's 9.42% decline. It had also outperformed the market in the past one quarter, falling 30.2% as compared to the Sensex's fall of 37.31%.

The cut in guidance by Intel, the world's biggest maker of PC microprocessors with 80% of the global market, offers further evidence that technology companies are in for a beating because of the economy. The Santa Clara-based Intel Corp slashed more than $1 billion from its sales forecast and dialed its profit expectations way back. Intel blamed a clampdown on spending for reducing demand for its chips. Intel's announcement came after trading hours in India on Wednesday, 12 November 2008.

India's software and services exports stood at nearly $40 billion during financial year ended March 2008, with the US as its largest market.

Jyothy Laboratories Gains On Fixing Record Date - Nov 14, 2008

Meanwhile, the BSE Sensex was down 106.20 points, or 1.05%, to 9,439.57.On BSE, 162 shares were traded in the counter. The scrip had an average daily volume of 7,886 shares in the past one quarter.The stock hit a high of Rs 250 and a low of Rs 222 so far during the day. The stock had a 52-week high of Rs 964.40 on 2 January 2008 and a 52-week low of Rs 210.10 on 29 October 2008.

The stock had underperformed the market over the past one month till 12 November 2008, declining 12.88% as compared to the Sensex's 9.42% decline. It had also underperformed the market in the past one quarter, falling 49.18% as compared to the Sensex's fall of 37.31%.

The small-cap stock has an equity capital of Rs 7.26 crore. Face value per share is Rs 5.

The current price of Rs 238 discounts its Q1 September 2008 annualised EPS of Rs 14.02, by a PE multiple of 16.97.

Jyothy Laboratories has set 19 December 2008 as the record date for stock-split. The company announced the record date during the market hours today, 14 November 2008.

The company's net profit fell 37.9% to Rs 5.09 crore on 17.3% rise in sales to Rs 86.76 crore in Q1 September 2008 over Q1 September 2007.

Jyothy Labs is engaged in the fabric care, household insecticide, surface cleaning, personal care and air care segments of the Indian market. It offers branded products including fabric whitener, mosquito repellent, dish washing, bath and incense products.

Telecom Stocks In Demand As NTT Dials Teleservices - Nov 14, 2008

Tata Teleservices (Maharastra) (up 14.56%), Idea Cellular (up 2.61%), Reliance Communication (up 2.92%), and Bharti Airtel (up 3.45%), moved higher. Spice Communication, however, was down 1.09%.Stocks also got boost on the reckoning that the recent stake sales by telecom players indicates that the domestic telecom market will not reach a saturation point anytime soon.

NTT DoCoMo Inc, on Wednesday (12 November 2008) acquired a 26% stake for $2.7 billion (Rs 13,070 crore) in Tata Teleservices (TTL), to expand into the world's fastest-growing major wireless market, valuing the company at $10.4 billion. NTT DoCoMo and Tata Sons have announced a 20% open offer for the shareholders of Tata Teleservices Maharashtra (TTML), a 37.65% owned unit of TTL, at Rs 24.70 a share. The offer is priced at 37% premium over TTML's closing price of Rs 17.99 on Wednesday (12 November 2008).

As growth opportunities abounded, foreign players have ramped up the valuations that they paid for their India foray. In early 2007, foreign firm Vodafone paid a whopping $10.8 billion for a 52% stake in another unlisted entity Hutchison Essar, which had 23 million subscribers Indian subscribers.

Similarly, stake sale by realty firm Unitech's unlisted telecom unit Unitech Wireless (60% for Rs 6,120 crore) and unlisted Swan Telecom (45% for Rs 4,100 Crore) to Telenor and Etisalat respectively, indicate that foreign firms are positive about growth in the Indian telecom industry.

Taneja Aerospace Takes Off After Large Block Deal - Nov 14, 2008

Meanwhile, the BSE Sensex was down 183.86 points, or 1.92%, to 9352.77.On BSE, 11.79 lakh shares were traded in the counter. The scrip had an average daily volume of 76,545 shares in the past one quarter.The stock hit a high of Rs 29.55 and a low of Rs 28 so far during the day. The stock had a 52-week high of Rs 273.50 on 3 January 2008 and a 52-week low of Rs 25.60 on 7 November 2008.

The stock had underperformed the market over the past one month till 12 November 2008, declining 18.75% as compared to the Sensex's 9.42% decline. It had also underperformed the market in the past one quarter, falling 59.23% as compared to the Sensex's fall of 37.31%.

The small-cap aircraft maker has an equity capital of Rs 12.47 crore. Face value per share is Rs 5.

The current price of Rs 28.25 discounts its Q2 September 2008 annualised EPS of Rs 2, by a PE multiple of 14.12.

Taneja Aerospace & Aviation's net profit rose 14.7% to Rs 1.25 crore on a 81.7% rise in sales to Rs 8.16 crore in Q2 September 2008 over Q2 September 2007.

Taneja Aerospace & Aviation manufactures and markets civilian aircraft, and offers air charter services. The company produces a six seat, twin piston-engine aircraft, sells Cessna jet and turbo-prop aircraft in India, and offers short-haul regional passenger services. Taneja offers fractional ownership of its aircraft.

AXIS Bank - Allotment Of Equity Shares Under ESOP - Nov 13, 2008

AXIS Bank Ltd has informed that the Committee of Directors of the Bank, on November 12, 2008, has made the allotment of 24,550 equity shares of Rs 10/- each to the employees of the Bank, under ESOP.

The paid up share capital of the Bank will accordingly get increased to 35,89,71,539 equity shares from 35,89,46,989 equity shares.

Ambuja Cements - Allotment Of Equity Shares Under ESOS - Nov 13, 2008

Ambuja Cements Ltd has informed that the Share Allotment & Investor Grievance Committee at its meeting held on November 10, 2008 has allotted 17,251 Equity Shares on exercise of the stock options by the employees as per the details given below:

i. ESOS 2000-2001 : 563 shares allotted
ii. ESOS 2002-2003 : 6375 shares allotted
iii. ESOS 2003-2004 : 3750 shares allotted
iv. ESOS 2004-2005 : 4313 shares allotted
v. ESOS 2005-2006 : 2250 shares allotted.

NIIT - Allotment Of Equity Shares Under ESOP - Nov 13, 2008

NIIT Ltd has informed that the Share Allotment Committee of the Board of Directors of the Company has allotted 79,250 Equity Shares of Rs 2/- on November 12, 2008 to employees of the Company in accordance with the terms of ESOP 2005.

Registering Its Worst Single Day Decline In Equity Share - Nov 13, 2008

Indian rupee plunged on Wednesday, by Rs 1.20 against the dollar, registering its worst single day decline in 12 years at 49.30/32 per dollar on heavy dollar demand on Nov 12. According to currency dealers, rupee came under pressure as FIIs sold heavily in the equity market.

The domestic currency opened weaker at 48.44 and fell further by around 90 paise to close at 49.30/32, as against the previous close of 48.10. As the New York markets were closed on Tuesday, there was hardly any fresh dollar supply. The forward premiums also crashed with the 6-month ending at 2.49 per cent and the 12-month closing at 1.81 per cent.

Logistic Service Has An Equity Capital Of Annualised - Nov 12, 2008

Meanwhile, the BSE Sensex was down 9.93 points, or 0.10%, to 9815.40.On BSE, 18,420 shares were traded in the counter. The scrip had an average daily volume of 18,833 shares in the past one quarter.The stock had a 52-week high of Rs 1028.95 on 19 November 2007 and a 52-week low of Rs 271.85 on 31 October 2008.The the stock is up 77.87% from a recent low of Rs 275.95 on 31 October 2008.

The strong rebound came after a steep fall caused by the company's decision, on 25 October 2008, to defer the sub-division of face value of equity shares due to uncertain market conditions. From Rs 718.90 on 22 October 2008, the stock had plunged 61.62% in just six trading sessions to Rs 275.95 on 31 October 2008.

The stock had underperformed the market over the past one month till 11 November 2008, declining 37.80% as compared to the Sensex's 6.54% decline. It had also underperformed the market in the past one quarter, falling 44.28% as compared to the Sensex's fall of 36.53%.

The mid-cap logistic service provider has an equity capital of Rs 22.36 crore. Face value per share is Rs 10.

The current price of Rs 490.85 discounts its Q3 September 2008 annualised EPS of Rs 46.51, by a PE multiple of 10.55.

On 4 November 2008, Allcargo Global's chief financial officer had told in a television interview that the company was adequately funded and was not expecting any slowdown due to the global financial crisis.

The company had acquired 53 cranes and expects revenues to trickle in from the third quarter of the current fiscal, he said. The company is also looking for acquisitons overseas and plans to finalise them if the pricing is good, he further added.

Allcargo Global Logistics' net profit spurted 129.3% to Rs 26 crore on a 76.7% rise in sales to Rs 138.61 crore in Q3 September 2008 over Q3 September 2007.

Allcargo provides logistics service in India. Its present operations are in five key areas of the logistics business: multi-modal transport operations, container freight stations, project cargo handling, airfreight and transport logistics.

Currently Making A Profit Of Petrol But Diesel - Nov 12, 2008

Bharat Petroleum Corporation (BPCL) (up 2.39%), Indian Oil Corporation (IOC) (up 2.56%), and Hindustan Petroleum Corporation (HPCL) (up 2.97%), rose after the US crude oil dipped 8 cents a barrel to $59.25 today, 12 November 2008 after falling as far as $58.32 the previous day, the lowest level since March 2007.Lower oil prices will reduce underrecoveries at the state-run oil firms on domestic sale of petrol, diesel, LPG and kerosene at a controlled price.

The PSU OMCs, this week, received Rs 22,000 crore in bonds from the government yesterday to offset losses. The bonds will partially compensate the refiners for revenue losses for the year ending March 2009. IOC received bonds worth Rs 11975 crore, BPCL and HPCL received Rs 4693 crore and Rs 5330 crore respectively.

Prime Minister Manmohan Singh, meanwhile, ruled out cutting retail prices of petrol and diesel yesterday. Contending that there were limits to which government can go on subsidising oil firms, Dr Singh said the government will wait till oil companies stop making losses before considering cutting petrol and diesel prices.

He further added that IOC, BPCL and HPCL are currently making a profit of Rs 4.12 a litre on petrol but losing Rs 0.96 per litre on diesel.

Steel Metal Shares Slide As Prices Slump On Largest - Nov 12, 2008

Steel Authority of India, Sterlite Industries, Hindalco Industries, and Hindustan Zinc were down by 0.18% to 2.86%.Sector bellwether and world's sixth largest steel maker Tata Steel rose 0.58%, which helped a 0.53% rise in BSE Metal index at 5,261.43. The metal index outperformed the BSE Sensex, which was down 0.19% at 9,821.44.

Shanghai copper futures fell to their weakest in almost four years on Wednesday, chasing sharp losses overnight in London on gathering gloom about the global economy. A measure of six metals traded on the London Metal Exchange (LME) declined 4.2% yesterday (11 November 2008) to the lowest level since September 2004.

The BSE Metal index had underperformed the market over the past one month till 11 November 2008, falling 20% as compared to the Sensex's 6.54% decline. It had also underperformed the market in the past one quarter, falling 60.16% as compared to the Sensex's fall of 36.53%.

Airways Jet Takes Off On Raising Plan Reports - Nov 12, 2008

Meanwhile, the BSE Sensex was down 101.80 points, or 1.03%, to 9,739.72.On BSE, 73,883 shares were traded in the counter. The scrip had an average daily volume of 40,620 shares in the past one quarter.The stock hit a high of Rs 204 and a low of Rs 190 so far during the day. The stock had a 52-week high of Rs 1,049.80 on 19 December 2007 and a 52-week low of Rs 132.95 on 27 October 2008.

The stock had underperformed the market over the past one month till 11 November 2008, falling 28.08% as compared to the Sensex's 6.54% decline. It had, also underperformed the market in the past one quarter, falling 61.62% as compared to the Sensex's fall of 36.53%.

India's largest listed air carrier by revenue has an equity capital of Rs 86.33 crore. Face value per share is Rs 10.

As per media reports, the airline is in talks with Abu Dhabi state-owned Mubadala Development Co for funding of Rs 1000 crore. Another report said Jet is in talks to sell a 10% stake to Temasek Holdings Pte, a Singapore state investors.

The Mumbai-based carrier needs funds to buy planes after posting its biggest quarterly loss in more than three years because of surging fuel prices and cut-rate fares.

Mounting losses due higher fuel prices had prompted Jet Airways to ink a partnership with rival Kingfisher Airlines last month to cut expenses amid an economic slowdown that is reducing demand for air travel.

Jet Airways provides regular scheduled domestic and international flight services.

The company reported a net loss of Rs 384.53 crore in Q2 September 2008 as compared to a net profit of Rs 28.36 crore in Q2 September 2007. The company's sales rose 71.6% to Rs 3121.34 crore in Q2 September 2008 over Q2 September 2007.

LG Balakrishnan Bros Skids On Laying Off Bengaluru - Nov 11, 2008

The company made the announcement after market hours on Monday, 10 November 2008.Meanwhile, the BSE Sensex was down 510.03 points, or 4.84%, to 10026.13.On BSE, 2925 shares were traded in the counter. The scrip had an average daily volume of 23,833 shares in the past one quarter.The stock hit a high of Rs 10.24 so far during the day. The stock had a 52-week high of Rs 45.40 on 31 December 2007 and a 52-week low of Rs 7.15 on 27 October 2008.

The stock had outperformed the market over the past one month till 10 November 2008, rising 15.42% as compared to the Sensex staying almost flat. It had also underperformed the market in the past one quarter, falling 33.27% as compared to the Sensex's decline of 30.54%.

The small-cap auto parts maker has an equity capital of Rs 7.85 crore. Face value per share is Rs 1.The current price of Rs 9.70 discounts its Q2 September 2008 annualised EPS of Rs 14.65, by a PE multiple of 0.66.

L G Balakrishnan & Bros' net profit surged 504% to Rs 28.75 crore on a 5.3% rise in sales to Rs 148.38 crore in Q2 September 2008 over Q2 September 2007.L G Balakrishnan & Bros makes automobile and industrial components, cold, hot & warm forging components, fine blanking components and also variety of flat wires and shaped wires.

Binani Industries Gallops On Buyback Plan In The Past - Nov 11, 2008

Meanwhile, the BSE Sensex was down 500.23 points, or 4.75, to 10,035.93.On BSE, 1.38 lakh shares were traded in the counter. The stock had an average daily volume of 16,860 shares in the past one quarter.The stock hit a high of Rs 37.20 and a low of Rs 32.40 so far during the day. The stock has a 52-week high of Rs 307.80 on 3 January 2008 and a 52-week low of Rs 27.05 on 27 October 2008.

The small-cap stock had underperformed the market over the past one month till 10 November 2008, declining 22.40% as compared to the Sensex's return of 0.08%. It had also underperformed the market in the past one quarter, declining 69.43% as compared to the Sensex's decline of 30.54%.

The company's current equity is Rs 29.60 crore. Face value per share is Rs 10.

Binani Industries' board will meet on 18 November 2008 to consider buyback of equity shares. The company made this announcement after trading hours on Monday, 10 November 2008.

Binani Industries reported net loss of Rs 4.12 crore in Q2 September 2008 as compared to net loss of Rs 2.89 crore in Q2 September 2007. Total income rose 1610% to Rs 3.42 crore in Q2 September 2008 over Q2 September 2007.

The company is engaged in manufacturing and marketing cement and non-ferrous metal. The group operates in three segments: cement, zinc and by-products and glass fibre.

Kirloskar Ferrous - Allotment Of Equity Shares - Nov 11, 2008

Kirloskar Ferrous Industries Ltd has informed that the Rights Issue and Allotment Committee of the Board of Directors of the Company at its meeting held on November 10, 2008 has extinguished 290 Detachable Warrants and has allotted 290 Equity Shares of Rs 5 each fully paid, pursuant to the conversion of Detachable Warrants into Equity Shares in terms of the Letter of Offer dated January 02, 2007.Consequent to the allotment of Equity Shares, the Paid up Share Capital of the Company stands increased from Rs 686,467,245/ to Rs 686,468,695/-.

Everest Kanto Cylinder Ltd Has Meeting Of Equity Shares - Nov 11, 2008

Everest Kanto Cylinder Ltd has informed that a meeting of the Board of Directors of the Company will be held on November 17, 2008, inter alia, to transact the following:

1. To consider the proposal of Buyback of equity shares of the Company.

2. To consider the investment of upto Rs 1000 Lakhs by way of equity share capital and / or loan in a proposed 50:50 joint venture Company in India with M/s. Tomasetto Achilles group, Argentina for carrying on the business of assembling / manufacturing of CNG kits and related activities.

Market Over The Past One Month Till Declining - Nov 10, 2008

Meanwhile, the BSE Sensex was up 425.46 points, or 4.27%, to 10389.87.On BSE, 48,671 shares were traded in the counter. The scrip had an average daily volume of 75,921 shares in the past one quarter.The stock hit a high of Rs 224 and a low of Rs 218.20 so far during the day. The stock had a 52-week high of Rs 715 on 4 January 2008 and a 52-week low of Rs 165 on 27 October 2008.

The stock had outperformed the market over the past one month till 7 November 2008, declining 12.07% as compared to the Sensex's decline of 14.80%. It had, however, underperformed the market in the past one quarter, falling 40.20% as compared to the Sensex's decline of 34.09%.

The mid-cap private sector power utility has an equity capital of Rs 124.94 crore. Face value per share is Rs 10.

The current price of Rs 222.40 discounts its Q2 September 2008 annualised EPS of Rs 39.37, by a PE multiple of 5.64.

The funds will go into network augmentation and setting up of more control systems. The funds will be spent through internal accruals, the reports quoted CESC's vice chairman Sanjiv Goenka as saying.

The company has tied up with SP Global Solutions, a subsidiary of Singapore Power, for technology transfer to strengthen its distribution network, the reports added.

CESC's net profit rose 33.3% to Rs 124 crore on a 2.6% rise in sales to Rs 755 crore in Q2 September 2008 over Q2 September 2007.

CESC generates and distributes electricity in Kolkata, Howrah, and the adjoining areas, a customer base of 15 million. The generating stations of the company are located at Mulajore, Cossipore, Titagarh and Metiabruz in Kolkata.

Banking Shares Capitalise On Fresh To Shore Up Liquidity - Nov 10, 2008

Net profit of Elder Health Care declined 50.00% to Rs 0.03 crore in the quarter ended September 2008 as against Rs 0.06 crore during the previous quarter ended September 2007. Sales declined 35.24% to Rs 12.44 crore in the quarter ended September 2008 as against Rs 19.21 crore during the previous quarter ended September 2007.

Net Profit Of Aishwarya Telecom On New Order Win - Nov 10, 2008

Net profit of Aishwarya Telecom rose 45.56% to Rs 1.31 crore in the quarter ended September 2008 as against Rs 0.90 crore during the previous quarter ended September 2007. Sales rose 119.50% to Rs 14.18 crore in the quarter ended September 2008 as against Rs 6.46 crore during the previous quarter ended September 2007.

Deccan Chronicle Holdings Moves North The Scrip - Nov 10, 2008

Meanwhile, the BSE Sensex was up 337.37 points, or 3.39%, to 10301.81.On BSE, 6.43 lakh shares were traded in the counter. The scrip had an average daily volume of 96,512 shares in the past one quarter.The stock hit a high of Rs 55.50 and a low of Rs 46 so far during the day. The stock had a 52-week high of Rs 270.10 on 4 January 2008 and a 52-week low of Rs 37.50 on 27 October 2008.

The stock had underperformed the market over the past one month till 7 November 2008, declining 37.72% as compared to the Sensex's decline of 14.80%. It had also underperformed the market in the past one quarter, falling 61.44% as compared to the Sensex's decline of 34.09%.

The mid-cap newspaper publisher has an equity capital of Rs 48.98 crore. Face value per share is Rs 2.

The current price of Rs 53.75 discounts its Q2 September 2008 annualised EPS of Rs 7.39, by a PE multiple of 7.27.

Deccan Chronicle Holdings has reportedly formed a wholly-owned subsidiary, The Deccan Chargers Sporting Ventures, to lend greater focus and attention to sporting activities. The new unit is investing fresh capital in Deccan Chargers, the IPL cricket team.

BCCI-IPL have already approved the transfer of the franchise rights for the Hyderabad team to the new company.

Meanwhile, the board of the new company has been strengthened with the appointment of philanthropist, eminent educationist, and avid cricket watcher V Shankar as the Chairman. Robin Singh, the erstwhile coach of the Hyderabad-team has been replaced by former Australian player Darren Lehmann.

Earlier some reports suggested the company was looking to sell its entire 80% stake in the Indian Premier League (IPL)'s Hyderabad cricket team in the range of $175 million (Rs 840 crore) and $200 million (Rs 960 crore). The report quoted an unnamed source as saying that four to five interested parties have been identified by the company.

Deccan Chronicle Holdings' net profit slipped 45.2% to Rs 45.27 crore on a 20.6 % rise in sales to Rs 226.43 crore in Q2 September 2008 over Q2 September 2007.

Hyderabad-based Deccan Chronicle Holdings publishes English and Telugu dailies, with its largest sales in Hyderabad.

Current Equity Is Face Value Per Share Current Price - Nov 08, 2008

The company made this announcement during trading hours today, 7 November 2008.Meanwhile, the BSE Sensex was up 229.70 points, or 2.36%, to 9,963.92.On BSE, 9,819 shares were traded in the counter. The stock had an average daily volume of 20,065 shares in the past one quarter.The stock hit a high of Rs 25.65 and a low of Rs 23.05 so far during the day. The stock has a 52-week high of Rs 229.90 on 12 December 2007 and a 52-week low of Rs 22.05 on 28 October 2008.

The small-cap stock had underperformed the market over the past one month till 6 November 2008, declining 23.82% as compared to the Sensex�s decline of 17.52%. It had also underperformed the market in the past one quarter, declining 52.24% as compared to the Sensex�s decline of 35.42%.

The company�s current equity is Rs 10.96 crore. Face value per share is Rs 10.

The current price of Rs 25.50 discounts the company�s Q2 September 2008 annualized EPS of Rs 3.28, by a PE multiple of 7.77.

Roman Tarmat has bagged orders worth Rs 44.20 crore from Cochin International Airport for up gradation of runways at Cochin International Airport, Nedumbassery in Cochin.

Roman Tarmat reported a net profit of Rs 0.90 crore in Q2 September 2008 as compared to net loss of Rs 0.55 crore in Q2 September 2007. Net sales rose 4.3% to Rs 18.72 crore in Q2 September 2008 over Q2 September 2007.

The company provides engineering, procurement and construction services for infrastructure projects. The services include construction of airside works, highways, roads and other civil work.

Market In The Past One Quarter Falling 75.11% As Compared - Nov 08, 2008

The company made the announcement during market hours 4 November 2008.Meanwhile, the BSE Sensex was up 254.25 points, or 2.62%, to 9989.05.On BSE, 2.12 crore shares were traded in the counter. The scrip had an average daily volume of 38.06 lakh shares in the past one quarter.The stock hit a high of Rs 70 and a low of Rs 59.05 so far during the day. The stock had a 52-week high of Rs 460 on 9 January 2008 and a 52-week low of Rs 42 on 27 October 2008.

The stock is up 54.55% from a recent low of Rs 44.45 on 31 October 2008.The stock had underperformed the market over the past one month till 6 November 2008, declining 52.71% as compared to the Sensex�s decline of 17.52%. It had also underperformed the market in the past one quarter, falling 75.11% as compared to the Sensex�s decline of 35.42%.

The world's sixth largest supplier of wind turbines by sales has an equity capital of Rs 299.65 crore. Face value per share is Rs 2.

The current price of Rs 68.70 discounts its Q2 September 2008 annualised EPS of Rs 0.45, by a PE multiple of 152.66.

A successful acquisition of Portugal-based Martifer's 22.48% stake will raise Suzlon's stake in German firm REpower to 90%.

Suzlon had earlier suspended a Rs 1800 crore rights issue which was intended to help fund the REpower deal. As per recent reports, Suzlon may sell as much 5% - 8% to private equity groups to raise some funding, raising investor hopes the deal would be completed.

Suzlon Energy�s net profit declined 95.2% to Rs 16.98 crore on a 31.9% growth in sales to Rs 2226.25 crore in Q2 September 2008 over Q2 September 2007. The sharp slide in net profit was due to a large Rs 163.82-crore provision for foreign exchange loss in Q2 September 2008.

Suzlon Energy provides customers with total wind power solutions.