Man Industries Shines On Plan To Buyback Equity Share - Dec 26, 2008

The company made the announcement during trading hours today, 26 December 2008. Meanwhile, the BSE Sensex was up 3.48 points, or 0.04%, to 9,572.20. On BSE, 59,777 shares were traded in the counter. The stock had an average daily volume of 58,440 shares in the past one quarter. The stock hit a high of Rs 42 and a low of Rs 39.60 so far during the day. The stock hit a 52-week high of Rs 177 on 2 January 2008 and a 52-week low of Rs 27.25 on 27 October 2008.

The small-cap stock had outperformed the market over the past one month till 24 December 2008, gaining 23.94% as compared to the Sensex's return of 7.48%. It had also outperformed the market in the past one quarter, falling 29.79% as compared to the Sensex's decline of 30.12%.

The company's current equity is Rs 26.64 crore. Face value per share is Rs 5. The current price of Rs 40.80 discounts the company's Q2 September 2008 annualized EPS of Rs 8.16, by a PE multiple of 5.

Buyback of foreign currency convertible bonds (FCCBs) will help reduce liabilities of the company. Man Industries India had raised $50 million through FCCBs in May 2007.

Earlier this month, India's central bank allowed companies to prematurely buyback FCCBs, as they were trading at a discount. The Reserve Bank of India (RBI), on 6 December 2008, said corporates could buy back their FCCBs if they use their foreign exchange reserves held in India or overseas or raise fresh external commercial borrowings (ECBs), provided there is a minimum discount of 15% on the book value of the FCCB.

Corporates could also buy back FCCBs out of rupee resources provided there is a minimum discount of 25% on the book value, the RBI said.

Man Industries India's net profit fell 42.6% to Rs 10.87 crore on 6.2% increase in net sales to Rs 376.55 crore in Q2 September 2008 over Q2 September 2007.

Man Industries India primarily operates through two divisions: Pipe Division and Aluminum Division. The company's pipe division supplies SAW line pipes and coating systems for high pressure applications like gas utilities, oil refiners, water utilities and other petroleum products. Man Industries also manufactures aluminum and aluminum products.

Sluggish Consumer Equity Spending Have Dented For Automobiles - Dec 26, 2008

The company made the announcement during trading hours today, 26 December 2008.Meanwhile, the BSE Sensex was down 99.49 points, or 1.04%, to 9,469.23.On BSE, 28,322 shares were traded in the counter. The stock had an average daily volume of 39,704 shares in the past one quarter.The stock hit a high of Rs 40.10 and a low of Rs 38.30 so far during the day. The stock hit a 52-week high of Rs 198.80 on 4 February 2008 and a 52-week low of Rs 32.90 on 20 November 2008.

The small-cap stock had outperformed the market over the past one month till 24 December 2008, gaining 7.96% as compared to the Sensex's return of 7.48%. It had underperformed the market in the past one quarter, falling 38.85% as compared to the Sensex's decline of 30.12%.The company's current equity is Rs 34.24 crore. Face value per share is Rs 10.

The company has temporarily shut down its plant at Bhandup and Nashik in Maharashtra due to avoid inventory pile-up. It has shut its Bhandup plant from 26 December 2008 to 28 December 2008, and its Nashik plant from 25 December 2008 to 31 December 2008. The plants will continue routine maintenance operations during the shut period, the company said.

High interest rates and sluggish consumer spending have dented demand for automobiles forcing many auto component makers to shut down their units to avoid inventor build up CEAT, previously Ceat Tyres, the flagship of the RPG group, manufactures steel-belted radials for passenger cars. The range of tyres manufactured is marketed under the Ceat, Samraat and Secura brand names.

CEAT reported a net loss of Rs 28.83 crore in Q2 September 2008 as against net profit of Rs 25.51 crore in Q2 September 2007. Net sales rose 14.9% to Rs 670.15 crore in Q2 September 2008 over Q2 September 2007.

Organic Coatings Moves Equity North On Hike In Stake By Promoter - Dec 26, 2008

The company announced the increase in promoters' stake during trading hours today, 26 December 2008.Meanwhile, the BSE Sensex was down 99.49 points, or 1.04%, to 9,469.23.On BSE, 1,450 shares were traded in the counter. The stock had an average daily volume of 8,231 shares in the past one quarter.The stock hit a high of Rs 10.29 and a low of Rs 9.03 so far during the day. The stock hit a 52-week high of Rs 24.55 on 1 January 2008 and a 52-week low of Rs 7.46 on 18 November 2008.

The small-cap stock had outperformed the market over the past one month till 24 December 2008, gaining 8.69% as compared to the Sensex's return of 7.48%. It had underperformed the market in the past one quarter, falling 33.76% as compared to the Sensex's decline of 30.12%.The company's current equity is Rs 5.97 crore. Face value per share is Rs 10.

The current price of Rs 10.18 discounts the company's Q2 September 2008 annualized EPS of Rs 1.74, by a PE multiple of 5.85.Rajnikant K Shah, a promoter, has hiked his stake to 11.27% in the company after acquiring 2,200 shares through open market purchases on 19 December 2008. The total promoter holding in the company stood at 42.22% as on 30 September 2008.

Organic Coatings' net profit fell 13.3% to Rs 0.26 crore on 2.9% fall in net sales to Rs 9.45 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and marketing ink and ink products. It manufactures printing inks, acrylic polymer, resins and other ink products. The product includes printing inks and industrial coatings.

Cairn India Inches Ahead On Block Deal Equity During A Testing - Dec 26, 2008

The block deal constituted 0.05% of the company's equity.Meanwhile, the BSE Sensex was up 14.81 points, or 0.15%, to 9,583.53.On BSE, 18.10 lakh shares were traded in the counter. The stock had an average daily volume of 10.31 lakh shares in the past one quarter.The stock hit a high of Rs 163 and a low of Rs 157.05 so far during the day. The stock hit a 52-week high of Rs 342.50 on 21 May 2008 and a 52-week low of Rs 88.15 on 27 October 2008.

The large-cap stock had outperformed the market over the past one month till 24 December 2008, gaining 19.64% as compared to the Sensex's return of 7.48%. It had also outperformed the market in the past one quarter, falling 29.97% as compared to the Sensex's decline of 30.12%.The company's current equity is Rs 1896.03 crore. Face value per share is Rs 10.The current price of Rs 161 discounts the company's Q3 September 2008 annualized EPS of Rs 1.72, by a PE multiple of 93.60.

The company on 22 December 2008 said it had made an oil and gas discovery near its existing field in Rajasthan. The company said it is yet to determine the reserves but the well had a flow of 500 barrels of oil per day and 0.4 million standard cubic feet of gas a day during a testing phase.

Last month, India's cabinet rejected an oil ministry proposal to award a deepwater block off the west coast to Cairn India, as the company had not offered the government an attractive enough share of potential production, or profit petroleum.

Cairn India reported a net profit of Rs 81.44 crore in Q3 September 2008 as against net loss of Rs 8.40 crore in Q3 September 2007. Total income surged 1258.1% to Rs 107.83 crore in Q3 September 2008 over Q3 September 2007.Cairn India explores and produces crude oil and natural gas in India.

Era Infra Engineering Gains Of The Company's Current Equity Share - Dec 24, 2008

The company announced the order win after trading hours on Tuesday, 23 December 2008. Meanwhile, the BSE Sensex was down 88.93 points, or 0.92%, to 9,597.82. On BSE, 10,669 shares were traded in the counter. The stock had an average daily volume of 1.36 lakh shares in the past one quarter. The stock hit a high of Rs 71.90 and a low of Rs 70.70 so far during the day. The stock hit a 52-week high of Rs 191.40 on 28 December 2007 and a 52-week low of Rs 64 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 23 December 2008, falling 1.74% as compared to the Sensex's return of 8.65%. It had outperformed the market in the past one quarter, declining 28.59% as compared to the Sensex's decline of 28.62%.

The company's current equity is Rs 28.60 crore. Face value per share is Rs 2.

The current price of Rs 70.90 discounts the company's Q2 September 2008 annualized EPS of Rs 12.35, by a PE multiple of 5.74.

The company has bagged an order worth Rs 9.62 crore from Bharat Heavy Electrical (Bhel) for commissioning a boiler at one of its unit in Bhagalpur, Bihar.

Era Infra Engineering had in October 2008 bagged an order worth Rs 41.78 crore from Delhi Metro Rail Corporation.

Era Infra Engineering's net profit surged 44.3% to Rs 35.67 crore on 63.4% increase in net sales to Rs 418.96 crore in Q2 September 2008 over Q2 September 2007.

Era Infra Engineering builds industrial complexes, residential buildings, multiplexes, super malls, power projects and airports. The company is diversifying its revenue stream by entering into new segments such as irrigation and build operate and transfer (BOT) projects.

New Order Powers Bhel Of The Current Equity Share - Dec 24, 2008

Meanwhile, the BSE Sensex was down 97.32 points, or 1%, to 9,598.43. On BSE, 1.79 lakh shares were traded in the counter. The stock had an average daily volume of 5.88 lakh shares in the past one quarter. The stock hit a high of Rs 1395 and a low of Rs 1354 so far during the day. The stock hit a 52-week high of Rs 2626 on 2 January 2008 and a 52-week low of Rs 984.10 on 27 October 2008.

The large-cap stock had underperformed the market over the past one month till 23 December 2008, gaining 6.51% as compared to the Sensex's return of 8.65%. It had outperformed the market in the past one quarter, declining 16.08% as compared to the Sensex's decline of 28.62%.

The company's current equity is Rs 489.52 crore. Face value per share is Rs 10.

The current price of Rs 1382 discounts the company's Q2 September 2008 annualized EPS of Rs 50.32, by a PE multiple of 27.46.

Bharat Heavy Electricals (Bhel) will supply and install plant equipment for NTPC’s upcoming 1,000 megawatts power project in Maharashtra. The company announced the order win during trading hours today, 24 December 2008.

Bhel had in November 2008, bagged an order worth Rs 240 crore from Coastal Gujarat Power (CGPL), for manufacturing and supplying transformers to Tata Power's power project in Gujarat.

Bhel's net profit fell 10.5% to Rs 615.77 crore on 34.7% increase in net sales to Rs 5342.63 crore in Q2 September 2008 over Q2 September 2007.

Bhel is engaged in manufacturing and distributing electrical, electronic, and mechanical and nuclear power equipment.

ABG Infralogistics Speeds Up On Equity Buzz Of Stake Sale In Unit - Dec 24, 2008

Meanwhile the BSE Sensex was down 95.07 points, or 0.98%, to 9,594.79,On BSE, 7330 shares of the scrip were traded. The stock had an average daily volume of 6824 shares on BSE in past one quarter.The stock hit a high of Rs 175 and low of Rs 148.50 so far during the day. The stock had hit a 52-week high of Rs 849.90 on 3 January 2008 and a 52-week low of Rs 105.25 on 31 October 2008.

The scrip had underperformed the market over the past one month till 23 December 2008, declining 13.34% as compared to the Sensex's return of 8.65%. It also underperformed the market in the past one quarter, sliding 48.61% as compared to the Sensex's decline of 28.62%.The small-cap engineering firm has an equity capital of Rs 12.82 crore. Face value per share is Rs 10.At the current price of Rs 169.95, the scrip trades at a PE multiple of 16.71, based on Q2 September 2008 annualised EPS of Rs 10.17.

As per reports, the shipping unit of diversified French conglomerate Groupe Louis Dreyfus SA is set to buy 49% in ABG Infralogistics' bulk port handling business for Rs 90 crore. Louis Dreyfus Armateurs SA builds and operates vessels able to load dry bulk cargoes.ABG Infralogistics' net profit plunged 57.80% to Rs 3.26 crore on 51.20% rise in sales to Rs 38.14 crore in on Q2 September 2008 over on Q2 September 2007.The company provides services for execution of turnkey projects, including plant erection; hire of cranes, ports infrastructure development, heavy goods lifting and transportation.

Woes Continue For Pyramid Saimira Equity Reports Of The Open Offer - Dec 24, 2008

The Securities & Exchange Board of India (Sebi) made the clarification after trading hours on Tuesday, 23 December 2008.Meanwhile, the BSE Sensex was down 77.77 points, or 0.80%, to 9607.29On BSE, 22602 shares were traded in the counter, with pending sell orders of 98922 at lower limit. The scrip had an average daily volume of 2.26 lakh shares in the past one quarter.The stock hit a high and low of Rs 55.05 so far during the day.

The stock had a 52-week high of Rs 551 on 31 December 2007 and a 52-week low of Rs 35.30 on 2 December 2008.The stock had outperformed the market over the past one month till 23 December 2008, advancing 43.88% as compared to the Sensex's return of 8.65%. However it underperformed the market in the past one quarter, plunging 46.78% as compared to the Sensex's decline of 28.62%.

The small-cap theatre chain operator has an equity capital of Rs 28.28 crore. Face value per share is Rs 10.The current price of Rs 55.05 discounts its Q2 September 2008 annualised EPS of Rs 12.31, by a PE multiple of 4.47.

On its part, Pyramid Saimira Theatre (PSTL) has request the stock exchanges for an investigation to a forged letter it received from Sebi asking its chairman and promoter P S Saminathan to file prospectus for public announcement for open offer to acquire 20% of shareholding within 14 days at a price of Rs 250 per share, at a price 3.5 times the ruling market price. Press reports on 22 December 2008 had suggested that the Sebi vide its order dated 19 December 2008 has asked P S Saminathan, chairman and promoter of PSTL, to acquire additional 20% at a minimum price of Rs 250 per share for violating share purchase rules.

The company is also planning to launch a formal complaint with Central Bureau of Investigation (CBI) in this regard. Sebi on Tuesday said it was investing the matter and also said it is inquiring into the dealings in the scrip following press reports of the open offer.

The stock had ended 10% down at Rs 67.90 on Monday, 22 December 2008, reversing an intraday 10% rise after the company said it had not received any communication from the stock market regulator regarding an open offer. The company had also announced that Saminathan had informed the company that he did not receive any communication from Sebi regarding an open offer. The stock had plunged on huge volume of 32 lakh shares on BSE on that day, much higher than average daily volumes in the counter. It was again locked at the 10% lower circuit at Rs 61.15 on Tuesday.

Pyramid Saimira Theatre's net profit fell 42.4% to Rs 8.70 crore on a 74.9% rise in sales to Rs 252.26 crore in Q2 September 2008 over Q2 September 2007.Pyramid Saimira Theatre is focused on distribution and exhibition of films. Its objective is to have presence in all categories of theatres including malls, multiplexes, cineplexes and standalones across the country in tier I, II and III locations.

Bajaj Hindusthan Equity Company On Truce Between Bajaj Family - Dec 23, 2008

Meanwhile, the BSE Sensex was down 198.81 points, or 2%, to 9729.25.On BSE, 10.85 lakh shares were traded in the counter. The scrip had an average daily volume of 9.77 lakh shares in the past one quarter.The stock hit a high of Rs 64 and a low of Rs 60.50 so far during the day. The stock had a 52-week high of Rs 399.50 on 9 January 2008 and a 52-week low of Rs 38.25 on 21 November 2008.

The stock had outperformed the market over the past one month till 22 December 2008, rising 45.01% as compared to the Sensex's 11.36% rise. It had, however, underperformed the market in the past one quarter, falling 54.58% as compared to the Sensex's fall of 29.06%.The small-cap sugar and ethanol maker has an equity capital of Rs 14.14 crore. Face value per share is Rs 1.

Bajaj Hindusthan said in a statement that the Bajaj Auto chairman Rahul Bajaj will acquire a little more than 29.2% of the company's equity from group investment firms and other Bajaj family members at the market price as on 30 December 2008 and later transfer the stake, along with his 0.4% stake, to his brother Shishir Bajaj for zero consideration thus giving Shishir full control over the sugar firm. The company made the announcement after market hours yesterday, 22 December 2008.

After the transfer, Shishir Bajaj's stake will rise to 32.47% from 2.85% currently. Analysts expect this to be the first leg of the transaction. In the second, Shishir Bajaj is likely to exit from Bajaj Auto where is owns about 2%. This will pave the way for an end of the six-year old family dispute.

Bajaj Hindusthan reported a net loss of Rs 87.46 crore in Q4 September 2008 as against a net profit of Rs 90.54 crore in Q4 September 2007. Sales rose 7.1% to Rs 463.11 crore in Q4 September 2008 over Q4 September 2007.Bajaj Hindusthan manufactures sugar and ethanol. The company has ten sugar plants, which are all located in the northern Indian state of Uttar Pradesh (UP).

Hatsun Agro Strengthens Equity Company Mainly Operates In States - Dec 23, 2008

eanwhile, the BSE Sensex was down 220.13 points, or 2.22%, to 9,708.22.On BSE, 3,823 shares were traded in the counter. The stock had an average daily volume of 1,684 shares in the past one quarter.The stock hit a high of Rs 40 and a low of Rs 39.85 so far during the day. The stock hit a 52-week high of Rs 107.20 on 13 May 2008 and a 52-week low of Rs 34.55 on 2 December 2008.

The small-cap stock had underperformed the market over the past one month till 22 December 2008, declining 9.66% as compared to the Sensex's return of 11.36%. It had also underperformed the market in the past one quarter, falling 53.07% as compared to the Sensex's decline of 29.06%.

The company's current equity is Rs 6.80 crore. Face value per share is Rs 2.The current price of Rs 40 discounts the company's Q2 September 2008 annualized EPS of Rs 5.83, by a PE multiple of 6.86.The new facility will commence production in March 2009, well in time to take advantage of the peak sales in the ensuing summer. The company's existing facility is located in Red Hills, north part of Chennai, Tamil Nadu.

Hatsun Agro Product's net profit rose 16.2% to Rs 4.95 crore on 25.4% increase in net sales to Rs 262.93 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and selling milk and milk products and ice creams. The company mainly operates in Tamil Nadu, Karnataka and West Bengal states.

Block Deal Fuels Ioc Equity Shares In The Past One Quarter - Dec 23, 2008

The block deal constituted 0.02% of the company's equity.Meanwhile, the BSE Sensex was down 196.87 points, or 1.98%, to 9,731.48.On BSE, 3.57 lakh shares were traded in the counter. The stock had an average daily volume of 1.13 lakh shares in the past one quarter.The stock hit a high of Rs 417 and a low of Rs 407 so far during the day. The stock hit a 52-week high of Rs 809.90 on 31 December 2007 and a 52-week low of Rs 299 on 27 October 2008.

The large-cap stock had underperformed the market over the past one month till 22 December 2008, rising 6.76% as compared to the Sensex's return of 11.36%. It had outperformed the market in the past one quarter, gaining 5.94% as compared to the Sensex's decline of 29.06%.The company's current equity is Rs 1192.37 crore. Face value per share is Rs 10.

India Oil Corporation (IOC) reported a net loss of Rs 7047.13 crore in Q2 September 2008 as compared to net profit of Rs 3817.75 crore in Q2 September 2007. Net sales rose 53.6% to Rs 86261.15 crore in Q2 September 2008 over Q2 September 2007.IOC manufactures and markets petroleum products, crude oil, lubricants and grease, oil base and additives and other petroleum related products.

Carbon Credits Power Godawari Power Ispat Equity Company - Dec 23, 2008

The company made the announcement during market hours today, 23 December 2008.Meanwhile, the BSE Sensex was down 247.95 points, or 2.61%, to 9669.56.On BSE, 2.12 lakh shares were traded in the counter. The scrip had an average daily volume of 26,624 shares in the past one quarter.The stock hit a high of Rs 71.90 and a low of Rs 64 so far during the day. The stock had a 52-week high of Rs 376.50 on 1 January 2008 and a 52-week low of Rs 57 on 2 December 2008.

The stock had underperformed the market over the past one month till 22 December 2008, rising 5.45% as compared to the Sensex's 11.36% rise. It had also underperformed the market in the past one quarter, falling 56.24% as compared to the Sensex's fall of 29.06%.The small-cap steel rods and pipes maker has an equity capital of Rs 28.07 crore. Face value per share is Rs 10.

The current price of Rs 69.90 discounts its Q2 September 2008 annualised EPS of Rs 45.30, by a PE multiple of 1.54.The company's 25-megawatt captive power project will be entitled for the credits from 1 December 2008 to 30 November 2018, the company said in a statement.

Industries in developed countries buy carbon credits to meet their environment obligations under the Kyoto Protocol. Each unit of carbon credit represents a one metric tonne reduction in greenhouse gas emission.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.

Godawari Power & Ispat 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.

Northgate Technologies Hardens Equity Current Is Rs 35.01 Crore - Dec 22, 2008

Meanwhile, the BSE Sensex was down 79.20 points, or 0.78%, to 10,020.71.On BSE, 5,421 shares were traded in the counter. The stock had an average daily volume of 76,262 shares in the past one quarter.The stock hit a high of Rs 71 and a low of Rs 71 so far during the day. The stock hit a 52-week high of Rs 695.80 on 24 December 2007 and a 52-week low of Rs 47.30 on 11 December 2008.

The small-cap stock had outperformed the market over the past one month till 19 December 2008, gaining 24.13% as compared to the Sensex's return of 15.11%. It had underperformed the market in the past one quarter, falling 74.37% as compared to the Sensex's decline of 28.08%.The company's current equity is Rs 35.01 crore. Face value per share is Rs 10.The current price of Rs 71 discounts the company's Q2 September 2008 annualized EPS of Rs 4.11, by a PE multiple of 17.27.

Swiss Finance Corporation of Mauritius has increased its stake to 6.43% in the company after acquiring 6.93 lakh shares through open market purchases on 12 December 2008. Northgate Technologies made this announcement during trading hours today, 22 December 2008.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.

Reports Of US Pressure Equity Company On Reliance Industries - Dec 22, 2008

Meanwhile, the BSE Sensex was up 3.81 points, or 0.04%, to 10,103.73.On BSE, 7.72 lakh shares were traded in the counter. The scrip had an average daily volume of 23.82 lakh shares in the past one quarter.The stock hit a high of Rs 1352.70 and a low of Rs 1325 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 outperformed the market over the past one month till 19 December 2008, advancing 19.07% as compared to the Sensex's return of 15.11%. However it underperformed the market in the past one quarter, declining 34.24% as compared to the Sensex's decline of 28.08%.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 1338.10 discounts its Q2 September 2008 annualised EPS of Rs 113.40, by a PE multiple of 11.79.As per reports, eight American lawmakers have asked the Export-Import Bank of United States (Ex-Im US) to immediately suspend all financial assistance to Reliance Industries (RIL) till it agrees to stop selling gasoline to Iran.The Ex-Im bank has provided two separate loan guarantees worth $900 million to RIL, of which a $400 million loan was for the development of the D-6 block in the Krishna Godavari (KG) basin. Another $500 million of loan guarantee was given to construct the 5,80,000 barrels per day refinery in Jamnagar being constructed by Reliance Petroleum (RPL), a company jointly promoted by RIL and Chevron Corp of the US.

In a letter written to Ex-Im Bank president James Lambright, the American lawmakers stated that RIL is a major supplier of gasoline to Iran which is detrimental to the national security interests of the US and the loan is in direct collision with its foreign policy on Iran.Reliance Industries' 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.

New India Equity Assurance And EIH Surges On Block Deal - Dec 22, 2008

The block deal constituted 0.69% of the company's equity.Meanwhile, the BSE Sensex was up 3.72 points, or 0.04%, to 10,103.63.On BSE, 27.76 lakh shares were traded in the counter. The stock had an average daily volume of 1.63 lakh shares in the past one quarter. The stock hit a high of Rs 146.45 and a low of Rs 137.50 so far during the day.

The stock hit 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 52.96% from a recent low of Rs 92.90 on 26 November 2008.The mid-cap stock had outperformed the market over the past one month till 19 December 2008, gaining 33.70% as compared to the Sensex's return of 15.11%. It had also outperformed the market in the past one quarter, falling 12.81% as compared to the Sensex's decline of 28.08%.

The company's current equity is Rs 78.59 crore. Face value per share is Rs 2.The current price of Rs 142.10 discounts the company's Q2 September 2008 annualized EPS of Rs 3.19, by a PE multiple of 44.55.EIH's property, The Trident, Nariman Point, re-opened on Sunday, 21 December 2008, after three weeks of being shut for restoration works following terror strikes on 26 November 2008. The Trident was one of the three spots in Mumbai which terrorist had struck last month.

EIH, which owns the Oberio group of hotels, had taken out an insurance policy with New India Assurance and United India Insurance Company - the two-state-owned insurers for the Trident hotel. EIH had also taken a loss of profit insurance that protects it against business losses arising from any untoward events.EIH's net profit fell 26.8% to Rs 31.31 crore on 8.5% increase in net 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.

Tata Motors Revs Up On Prospects Of Equity Assistance For Rover - Dec 22, 2008

Meanwhile, the BSE Sensex was down 19.32 points, or 0.28%, to 10,071.25.On BSE, 3.64 shares were traded in the scrip. The stock had an average daily volume of 6 lakh shares in the past one quarter.The stock hit a high of Rs 189.90 and a low of Rs 179.30 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 outperformed the market over the past one month till 19 December 2008, advancing 32.62% as compared to the Sensex's return of 15.11%. However it underperformed the market in the past one quarter, declining 57.60% as compared to the Sensex's decline of 28.08%.India's largest commercial vehicle maker by sales has current equity is Rs 514.29 crore. Face value per share is Rs 10.

The current price of Rs 186.40 discounts its Q2 September 2008 annualized EPS of Rs 35.99, by a PE multiple of 5.17.Tata Motors' American depository receipt jumped 11.54% on Friday, 19 December 2008 on the New York Stock Exchange (NYSE).The prospect of British government assistance worth to help keep Jaguar Land Rover afloat had helped the company's owners to secure last-minute funding from the banks, reports suggest.

Car makers around the globe have been hit by a collapse in demand as the economic slowdown spreads and access to credit is choked off by the financial crisis. US President George W Bush unveiled a $17.4 billion rescue loan for US car makers General Motors and Chrysler on Friday, 19 December 2008.Tata Motors which bought the luxury carmaker earlier this year for $2.3 billion from Ford Motor Co, has already pumped in a lot of funds for working capital requirements of the British unit.

Tata Motors' total vehicle sales declined 30% to 32,696 units in November 2008 over November 2007. The company unveiled the monthly sales data after trading hours on 1 December 2008.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.

Fully Existing Paid Up Equity Shares Of The Company - Dec 20, 2008

Simplex Trading & Agencies has fixed 06 January 2009 as the record date for the purpose of issue of bonus shares in the ratio of 4 bonus shares for every one existing fully paid up equity shares of the company. The company made this announcement after the trading hours on Friday, 19 December 2008.

Unitech Leads Gainers In 'A' Group Buyback Equity Share - Dec 20, 2008

India's second biggest realty firm by market capitalisation Unitech soared 16.14% to Rs 44.25, extending gains for the second day in a row, on reports it plan to invest Rs 2500 crore in affordable housing projects. It topped the gainers in BSE's A group shares. The stock is up 91.55% from a recent low of Rs 23.10 on 28 November 2008.

EIH, which operates Oberoi Hotels, spurted 13.29% to Rs 135.10, on reports its Mumbai hotel is flooded with requests for reservations at the restaurant when it reopens on 21 December 2008, almost a month after the terrorist attacks destroyed significant portions of the building. It was the second biggest gainer in A group.

Construction company Gammon India flared up 12.43% to Rs 72.35. It was the third biggest gainer in A group.

India's largest listed airliner by market capitalisation Jet Airways moved up 11.92% to Rs 186.80, on its move to lease five aircrafts. It was the fourth biggest gainer in A group. Another trigger for the rally in the counter was the recent cut in jet fuel prices announced by state-run oil firms. Jet fuel makes up almost half of an airline's operating costs.

Engineering firm BGR Energy Systems rose 11.77% to Rs 155.30 after the company secured credit lines worth Rs 2105 crore to fund its working capital requirements for a power project at Tamil Nadu. It was the fifth biggest gainer in A group.

FIIs In Selling Mode For The Equity Share - Dec 20, 2008

Foreign institutional investors (FIIs) sold shares worth a net Rs 54.20 crore on Thursday, 18 December 2008, lower than Rs 108.70 crore on Wednesday, 17 December 2008.

FII outflow of Rs 54.20 crore on 18 December 2008 was a result of gross purchases Rs 2139.90 and gross sales Rs 2194.10 crore. The BSE Sensex surged 361.14 points, or 3.72%, to 10,076.43 on that day.

FII inflow in December 2008 totaled Rs 1626.90 crore (till 18 December 2008). FII outflow reached Rs 52,690.90 crore in calendar 2008, so far, till 18 December 2008, as against an inflow of a huge Rs 68,422 crore in the corresponding period last year.

There are a total of 1590 foreign funds registered with the Securities & Exchange Board of India (Sebi).

Equity Shares Of The Company Record Date For Trading Company - Dec 20, 2008

Exdon Trading Company has fixed 12 January 2009 as the record date for the purpose of issue of bonus shares in the ratio of 2 bonus shares for every one existing fully paid up equity shares of the company.The company made this announcement after the trading hours on Friday, 19 December 2008.

Equity Share For The Cairn India Runs Out Of Fuel As Crude Tumbles - Dec 19, 2008

Meanwhile, the BSE Sensex was down 52.76 points, or 0.52%, to 10,023.67. On BSE, 29,439 shares were traded in the counter. The stock had an average daily volume of 9.83 lakh shares in the past one quarter. The stock hit a high of Rs 154.80 and a low of Rs 149.25 so far during the day. The stock hit a 52-week high of Rs 342.50 on 21 May 2008 and a 52-week low of Rs 88.15 on 27 October 2008.

The large-cap stock had outperformed the market over the past one month till 18 December 2008, gaining 17.95% as compared to the Sensex's return of 12.75%. It had also outperformed the market in the past one quarter, declining 22.89% as compared to the Sensex's decline of 24.33%.

The company's current equity is Rs 1896.03 crore. Face value per share is Rs 10. The current price of Rs 150.50 discounts the company's Q3 September 2008 annualized EPS of Rs 1.72, by a PE multiple of 87.5.

The fall in crude oil prices would result in lower realizations from crude sales. US crude prices dropped more than 9% to $36 a barrel on Thursday, 18 December 2008, as slumping demand and swelling US inventories offset a record production cut announced by the Organization of the Petroleum Exporting Countries (Opec)

The Opec on Wednesday, 17 December 2008, agreed to cut output by 2.2 million barrels per day from January 2009 to take crude oil prices to fair levels.

Last month, India's cabinet rejected an oil ministry proposal to award a deepwater block off the west coast to Cairn India, as the company had not offered the government an attractive enough share of potential production, or profit petroleum.

Cairn India reported a net profit of Rs 81.44 crore in Q3 September 2008 as against net loss of Rs 8.40 crore in Q3 September 2007. Total income surged 1258.1% to Rs 107.83 crore in Q3 September 2008 over Q3 September 2007. Cairn India explores and produces crude oil and natural gas in India.

BGR Energy Spurts On Obtaining Credit Lines For Equity Share - Dec 19, 2008

The company made this announcement after trading hours on Thursday, 18 December 2008. Meanwhile, the BSE Sensex was down 7.34 points, or 0.07%, to 10,069.09. On BSE, 52,425 shares were traded in the counter. The stock had an average daily volume of 36,819 shares in the past one quarter.

The stock hit a high of Rs 153 and a low of Rs 141 so far during the day. The stock hit a 52-week high of Rs 988 on 4 January 2008 and a 52-week low of Rs 115 on 2 December 2008.

The mid-cap stock had underperformed the market over the past one month till 17 December 2008, falling 11.67% as compared to the Sensex's return of 12.75%. It had also underperformed the market in the past one quarter, declining 48.06% as compared to the Sensex's decline of 24.33%.

The company's current equity is Rs 72 crore. Face value per share is Rs 10. The current price of Rs 149.05 discounts the company's Q2 September 2008 annualized EPS of Rs 13.16, by a PE multiple of 11.33.

BGR Energy had, in June 2008, bagged a engineering, procurement and construction (EPC) contract worth Rs 3100 crore for a thermal power project of Tamil Nadu Electricity Board (TNEB).

The company had in August 2008 bagged an order worth Rs 39.60 crore for supply of air fin coolers to Essar group's refinery expansion project at Jamnagar in Gujarat.

BGR Energy Systems' net profit rose 47.8% to Rs 23.69 crore on 36.5% increase in net sales to Rs 424.57 crore in Q2 September 2008 over Q2 September 2007.

BGR Energy Systems is a supplier of systems and equipment for the power, oil and gas, petrochemical and process industries.

Country Club Extends Gains For Consider Rights Issue Of Equity Shares - Dec 19, 2008

Meanwhile, the BSE Sensex was up 90.23 points, or 0.90%, to 10,166.66. On BSE, 39,875 shares were traded in the counter. The stock had an average daily volume of 20,543 shares in the past one quarter. The stock hit a high of Rs 19.70 and a low of Rs 18.80 so far during the day. The stock hit a 52-week high of Rs 222 on 3 January 2008 and a 52-week low of Rs 17.45 on 8 December 2008.

The stock has risen 10.08% from a recent low of Rs 17.85 on 15 December 2008. The stock had gained 3.33% to Rs 18.60 on 17 December 2008 when the company said during trading hours that its board will meet on 19 December 2008, to consider rights issue of equity shares.

The small-cap stock had underperformed the market over the past one month till 18 December 2008, falling 14.32% as compared to the Sensex's return of 12.75%. It had also underperformed the market in the past one quarter, declining 64.65% as compared to the Sensex's decline of 24.33%.

The company's current equity is Rs 15.48 crore. Face value per share is Rs 10. The current price of Rs 19.65 discounts the company's Q3 September 2008 annualized EPS of Rs 0.90, by a PE multiple of 21.33.

Country Club India's net profit fell 97.7% to Rs 0.35 crore on 11% increase in net sales to Rs 74.18 crore in Q2 September 2008 over Q2 September 2007. Country Club India is an entertainment and leisure conglomerate.

Wockhardt Spurts On Buzz It May Sell Two Foreign Arms An Equity Share - Dec 19, 2008

Meanwhile, the BSE Sensex was up 63.23 points, or 0.68%, to 10145. On BSE, 37,357 shares were traded in the counter. The scrip had an average daily volume of 46,071 lakh shares in the past one quarter. The stock hit a high of Rs 110 and a low of Rs 102 so far during the day. The stock had a 52-week high of Rs 445 on 19 December 2007 and a 52-week low of Rs 88.80 on 2 December 2008.

The stock had underperformed the market over the past one month till 18 December 2008, rising 6.22% as compared to the Sensex's 12.75% rise. It had also underperformed the market in the past one quarter, falling 39.22% as compared to the Sensex's fall of 24.33%.

The mid-cap drug maker has an equity capital of Rs 54.72 crore. Face value per share is Rs 5. The current price of Rs 108.50 discounts its Q3 September 2008 annualised EPS of Rs 4.91, by a PE multiple of 22.09.

Wockhardt is reported to be looking for potential buyers for its French subsidiary Negma Laboratories to repay its debt to Wockhardt investors. The Indian company had bought the Paris-based company for $265 million in May 2007. Wockhardt has also put its Irish subsidiary called Pinewood on sale for around $150-200 million. Wockhardt acquired Pinewood in 2006 for $150 million.

Report suggested that Swiss Bank UBS, which is advising Wockhardt on its plans to raise Rs 650 crore for its hospital company, is facilitating both transactions. The company reportedly needs over Rs 1000 crore to redeem its foreign currency convertible bonds (FCCBs) which will come up for repayment in October next year.

Wockhardt's net profit rose 77.2% to Rs 13.43 crore on a 20.9% rise in sales to Rs 416.83 crore in Q3 September 2008 over Q3 September 2007. Wockhardt has presence in different drug segments like inflammation and pain, anti-infective, cough syrups, corticosteroids and medical nutrition.

Bharat Engineering Equity Orders Engineer Rebound In India - Dec 18, 2008

The company announced the order win during market hours today, 18 December 2008.Meanwhile, the BSE Sensex was up 176.16 points, or 1.81%, to 9,891.45.On BSE, 84,444 shares were traded in the counter. The stock had an average daily volume of 26,275 shares in the past one quarter.The stock hit a high of Rs 42.45 and a low of Rs 36 so far during the day. The stock hit a 52-week high of Rs 313.40 on 20 December 2007 and a 52-week low of Rs 30.40 on 3 December 2008.

The stock is up 27.69% from a recent low of Rs 32.50 on 8 December 2008.The small-cap stock had underperformed the market over the past one month till 17 December 2008, falling 8.82% as compared to the Sensex's return of 4.57%. It had also underperformed the market in the past one quarter, declining 65.89% as compared to the Sensex's decline of 26.75%.The company's current equity is Rs 31.09 crore. Face value per share is Rs 10.

The current price of Rs 41.50 discounts the company's Q2 September 2008 annualized EPS of Rs 8.22, by a PE multiple of 5.05.McNally Bharat Engineering Company (MBECL) has secured two orders aggregating to Rs 244 crore from Vedanta group for its lead zinc beneficiation plant Rampura Agucha Mines at Bhilwara, Rajasthan and for one aluminium handling package for its plant at Lanjigarh, Orissa.

Earlier this week, MBECL had bagged an order worth Rs 88.86 crore from Essar Constructions (India). MBECL's net profit rose 45.9% to Rs 6.39 crore on 75.9% increase in net sales to Rs 202.63 crore in Q2 September 2008 over Q2 September 2007.The company provides turnkey solutions in the areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply.

Nalco Shines On Buzz Equity Govt Take Measures To Protect - Dec 18, 2008

Meanwhile, the BSE Sensex was up 318.17 points, or 3.25%, to 10031.51.On BSE, 3.64 lakh shares were traded in the counter. The scrip had an average daily volume of 2.25 lakh shares in the past one quarter.The stock hit a high of Rs 204.20 and a low of Rs 180 so far during the day. The stock had a 52-week high of Rs 565.90 on 29 May 2008 and a 52-week low of Rs 108.35 on 27 October 2008.

The stock had underperformed the market over the past one month till 17 December 2008, declining 1.74% as compared to the Sensex's 4.57% rise. It had also underperformed the market in the past one quarter, falling 53.57% as compared to the Sensex's fall of 26.75%.The large-cap aluminium maker has an equity capital of Rs 644.31 crore. Face value per share is Rs 10.

The current price of Rs 202.50 discounts its Q2 September 2008 annualised EPS of Rs 27.59, by a PE multiple of 7.33.According to reports, the stimulus package, the second in the month, will include safeguards for chemical, aluminium and tyre producers against cheaper imports from China.

This comes in the background of a surge in imports from China adversely impacting the domestic sector. Imports from China in 101 items increased to Rs 42,000 crore in the first eight months ended November 2008, compared with Rs 19,000 crore in corresponding period last year, according to reports.

It may be recalled that the government had last month imposed a 5% import duty on specified iron and steel items to protect the domestic steel industry from cheaper imports.National Aluminium Companys' net profit rose 1.1% to Rs 444.46 crore on a 17.4% rise in sales to Rs 1536.42 crore in Q2 September 2008 over Q2 September 2007.Nalco manufactures and distributes aluminum products. Government of India holds 87.15% stake in the company.

Astra Microwave Equity Products Up Strong Revenue Visibility - Dec 18, 2008

The stock had lost 11.06% to Rs 45.85 in a weak market on Wednesday, 17 December 2008, when the company had announced the order win during trading hours.Meanwhile, the BSE Sensex was up 99.13 points, or 0.97%, to 9809.19.On BSE, 44,917 shares were traded in the counter. The scrip had an average daily volume of 1.09 lakh shares in the past one quarter. The stock hit a high of Rs 50.40 and a low of Rs 46.80 so far during the day.

The stock had a 52-week high of Rs 178 on 2 January 2008 and a 52-week low of Rs 33 on 10 October 2008.The stock had underperformed the market over the past one month till 17 December 2008, rising 3.50% as compared to the Sensex's 4.57% rise. It had, however, outperformed the market in the past one quarter, falling 5.76% as compared to the Sensex's fall of 26.75%.The small-cap electronic communications systems maker has an equity capital of Rs 10.81 crore. Face value per share is Rs 2.

The current price of Rs 48.90 discounts its Q2 September 2008 annualised EPS of Rs 2.09, by a PE multiple of 23.39.Astra Microwave Products on Wednesday said it won an order worth Rs 13.80 crore to supply and install automatic weather stations across 500 locations in India. The company received the latest order from Antrix Corporation, the commercial arm of India's Department of Space, it said in a statement to the stock exchanges.

The company said the unmanned weather stations are scheduled to be commissioned by May 2009. The weather stations will feed live data via satellite to the Indian Space Research Organization's central servers.The Antrix order follows a Rs 25.50-crore order for automatic weather stations by the India Meteorological Department in August this year. Astra's order book now stands at Rs 176 crore, 1.45 times its sales of Rs 123.89 crore in the year ended March 2008, which gives a strong revenue visibility.

Astra Microwave Products' net profit rose 51.6% to Rs 2.82 crore on a 112.3% rise in sales to Rs 28.38 crore in Q2 September 2008 over Q2 September 2007.Astra Microwave Products develops, manufactures, and distributes wireless communication solutions. The company offers products in the areas of telecommunications, defense, and space, and the product line includes amplifiers, base stations, dish antennas, filters, microwave components, and switching equipment.

Equity Company Block Deal Generates Interest In Canara Bank - Dec 18, 2008

The block deal constituted 0.12% of the company's equity.Meanwhile, the BSE Sensex was up 105.08 points, or 1.08%, to 9,820.37.On BSE, 6.53 lakh shares were traded in the counter. The stock had an average daily volume of 1.58 lakh shares in the past one quarter.The stock hit a high of Rs 174.50 and a low of Rs 165.65 so far during the day. The stock hit a 52-week high of Rs 421.45 on 3 January 2008 and a 52-week low of Rs 135 on 27 October 2008.

The mid-cap bank stock had underperformed the market over the past one month till 17 December 2008, falling 5.96% as compared to the Sensex's return of 4.57%. It had outperformed the market in the past one quarter, declining 19.02% as compared to the Sensex's decline of 26.75%.The bank's current equity is Rs 410 crore. Face value per share is Rs 10.

The current price of Rs 173 discounts the bank's Q2 September 2008 annualized EPS of Rs 51.65, by a PE multiple of 3.35.Canara Bank's net profit rose 31.8% to Rs 529.43 crore on 9.7% increase in operating income to Rs 4447.97 crore in Q2 September 2008 over Q2 September 2007.

The bank provides a full range of banking and other financial services through 2,575 branch offices in India and London. The services include accepting deposits, commercial and institutional credit, treasury, forex, investment, risk management and other related financial services.The Government of India holds 73.17% stake in the bank (as on 30 September 2008).

Country Club Has A Ball On Rights Equity Current Company - Dec 17, 2008

Meanwhile, the BSE Sensex was down 27.31 points, or 0.27%, to 9,949.67.On BSE, 2.67 lakh shares were traded in the counter. The stock had an average daily volume of 20,543 shares in the past one quarter.The stock hit a high of Rs 20.80 and a low of Rs 18.35 so far during the day. The stock hit a 52-week high of Rs 222 on 3 January 2008 and a 52-week low of Rs 17.45 on 8 December 2008.

The small-cap stock had underperformed the market over the past one month till 16 December 2008, declining 26.98% as compared to the Sensex's return of 6.30%. It had also underperformed the market in the past one quarter, declining 69.67% as compared to the Sensex's decline of 26.20%.The company's current equity is Rs 15.48 crore. Face value per share is Rs 2.The current price of Rs 19.80 discounts the company's Q2 September 2008 annualized EPS of Rs 0.90, by a PE multiple of 22.

Country Club India today, 17 December 2008, said its board will meet on 19 December 2008 to consider rights issue. The company made the announcement during trading hours.Country Club India's net profit fell 97.7% to Rs 0.35 crore on 11% increase in net sales to Rs 74.18 crore in Q2 September 2008 over Q2 September 2007.Country Club India is an entertainment and leisure conglomerate.

ABG Shipyard Sails In Choppy Equity Price Of Rs 50.92 Crore - Dec 17, 2008

Meanwhile, the BSE Sensex was down 35.42 points, or 0.36%, to 9941.56.On BSE, 58,432 shares were traded in the counter. The scrip had an average daily volume of 32,914 shares in the past one quarter.The stock hit a high of Rs 112.05 and a low of Rs 104 so far during the day. The stock had a 52-week high of Rs 1030 on 31 December 2007 and a 52-week low of Rs 80.05 on 10 December 2008.

The stock had underperformed the market over the past one month till 16 December 2008, declining 6.37% as compared to the Sensex's 6.30% rise. It had also underperformed the market in the past one quarter, falling 67.98% as compared to the Sensex's fall of 26.20%.The small-cap ship building firm has an equity capital of Rs 50.92 crore. Face value per share is Rs 10.The current price of Rs 106 discounts its Q2 September 2008 annualised EPS of Rs 20.49, by a PE multiple of 5.17.

About a month ago, ABG Shipyard's Singapore-based group company Pacific First Shipping (PFS) signed a letter of intent with Norway-based seismic data acquisition company Scan Geophysical for a sale and leaseback agreement. But Scan Geophysical, on Monday, 15 December 2008, said it failed to sign a sale and leaseback deal with ABG.

Under a sale and leaseback agreement, a company sells the asset it owns, and leases it back from the buyer, typically on a long lease. The advantage is that the sale frees up capital to reduce debt while allowing it to use the same property.ABG Shipyard's net profit fell 23.5% to Rs 26.08 crore on a 32.3% rise in sales to Rs 280.21 crore in Q2 September 2008 over Q2 September 2007.

ABG Shipyard is engaged in building and repairing a variety of marine ships for commercial and government customers. It also manufacturers marine ships, including bulk carriers, deck barges, interceptor boats, anchor handling supply ships, diving support ships, tugs and offshore vessels.

Nucleus Software Equity Hardens On Retail Operations - Dec 17, 2008

The company announced the order win during market hours today, 17 December 2008.Meanwhile, the BSE Sensex was down 27.31 points, or 0.27%, to 9,949.67.On BSE, 16,378 shares were traded in the counter. The stock had an average daily volume of 23,231 shares in the past one quarter.The stock hit a high of Rs 53.60 and a low of Rs 51.10 so far during the day. The stock hit a 52-week high of Rs 405 on 10 January 2008 and a 52-week low of Rs 45.20 on 2 December 2008.

The small-cap stock had underperformed the market over the past one month till 16 December 2008, declining 12.74% as compared to the Sensex's return of 6.30%. It had also underperformed the market in the past one quarter, declining 65.78% as compared to the Sensex's decline of 26.20%.The company's current equity is Rs 32.36 crore. Face value per share is Rs 10.The current price of Rs 53.30 discounts the company's Q2 September 2008 annualized EPS of Rs 8.95, by a PE multiple of 5.96.

Tien Phong Bank of Vietnam has chosen Nucleus Software Exports' FinnOne CAS & Collections module for its retail banking operations.Nucleus Software Exports' net profit rose 57.05% to Rs 7.24 crore on 4.02% fall in net sales to Rs 50.15 crore in Q2 September 2008 over Q1 June 2008.

Nucleus Software Exports provides innovative and pioneering software solutions for banks and financial organizations globally. It offers a host of competitive information technology solutions and consultancy services designed to support the whole spectrum of business offerings across retail banking, corporate banking, cards and cash management.

Kesoram Equity Industries Skids On Production Statement - Dec 17, 2008

The company announced the shut down after market hours on Tuesday, 16 December 2008.Meanwhile, the BSE Sensex was down 34.81 points, or 0.35%, to 9,942.17.On BSE, 4,268 shares were traded in the counter. The stock had an average daily volume of 29,393 shares in the past one quarter.The stock hit a high of Rs 163 and a low of Rs 153.50 so far during the day. The stock hit a 52-week high of Rs 640 on 17 December 2007 and a 52-week low of Rs 115.50 on 27 October 2008.

The small-cap stock had outperformed the market over the past one month till 16 December 2008, gaining 27.24% as compared to the Sensex's return of 6.30%. It had underperformed the market in the past one quarter, declining 36.91% as compared to the Sensex's decline of 26.20%.The company's current equity is Rs 45.74 crore. Face value per share is Rs 10.The current price of Rs 155.05 discounts the company's Q2 September 2008 annualized EPS of Rs 54.62, by a PE multiple of 2.84.

Kesoram Industries has decided to shut down its tyre manufacturing unit at Balasore, Orissa, which supplies to original equipment manufacturers (OEM). The unit will be closed from 17 December 2008 to 31 December 2008. The company may announce further cuts in production if market conditions do not improve, it said in a statement.Kesoram Industries' net profit fell 30.2% to Rs 62.46 crore on 37.3% increase in net sales to Rs 920.22 crore in Q2 September 2008 over Q2 September 2007.

The company manufactures tyres, tubes, flaps, cement, viscose filament, rayon yarn, cellophane paper, sulphuric acid, caustic soda lye and hydrochloric acid. It operates mainly in four segments namely cements, tyres, rayon, transparent paper & chemicals and others.

Bosch Slips On Production Cut Current Equity Said Company - Dec 16, 2008

The stock came sharply off the day's high of Rs 3147 soon after the company made the announcement.Meanwhile, the BSE Sensex was up 46.33 points, or 0.47%, to 9,878.72.On BSE, 163 shares were traded in the counter. The stock had an average daily volume of 1,402 shares in the past one quarter.The stock hit a low of Rs 3025 so far during the day. The stock hit a 52-week high of Rs 5340 on 31 December 2008 and a 52-week low of Rs 2675.05 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 15 December 2008, gaining 0.25% as compared to the Sensex's return of 4.76%. It had outperformed the market in the past one quarter, declining 20.57% as compared to the Sensex's decline of 27.34%.The company's current equity is Rs 32.05 crore. Face value per share is Rs 10.The current price of Rs 3025.05 discounts the company's Q3 September 2008 annualized EPS of Rs 197.44, by a PE multiple of 15.32.

Bosch has announced a temporarily shut down to its manufacturing activity of starters and generators at its Naganathapura, Karnataka plant from 19 December 2008 to 31 December 2008. The temporary shut down is to avoid the unnecessary inventory build up and to adjust the production to meet demand, the company said.

Earlier, in November 2008, the company had partially closed the same plant from 26 November 2008 to 29 November 2008, to avoid unnecessary inventory build up.The board of Bosch had on 2 September 2008 approved a buy back shares at a maximum buyback price of Rs 4,500. Bosch will buyback equity shares at a maximum outlay of Rs 639.20 crore.Bosch's net profit rose 15.7% to Rs 158.20 crore on 16.1% increase in net sales to Rs 1219.28 crore in Q3 September 2008 over Q3 September 2007.

The company is engaged in manufacturing automotive products and non-automotive products such as industrial equipments and consumer goods. Products include industrial equipment, auto electrical equipment, gear pumps for tractor applications, electric power tools, packaging machines, security technology products and blaupunkt car multimedia systems.

Diversification Plan Lifts Equity Company Compact Disc India - Dec 16, 2008

Meanwhile, the BSE Sensex was down 18.02 points, or 0.18%, to 9814.37.On BSE, 95,934 shares were traded in the counter. The scrip had an average daily volume of 43,731 shares in the past one quarter.The stock hit a high of Rs 36.70 and a low of Rs 33.80 so far during the day. The stock had a 52-week high of Rs 130.95 on 18 January 2008 and a 52-week low of Rs 25.70 on 27 October 2008.

The stock had underperformed the market over the past one month till 15 December 2008, declining 15.44% as compared to the Sensex's 4.76% rise. It had also underperformed the market in the past one quarter, falling 48.62% as compared to the Sensex's fall of 27.34%.The small-cap animation outsourcing services provider has an equity capital of Rs 9.57 crore. Face value per share is Rs 10.The current price of Rs 36.70 discounts its Q2 September 2008 annualised EPS of Rs 37.99, by a PE multiple of 0.96.

Compact Disc India said during trading hours today, 16 December 2008, its board will meet on 18 December 2008 to consider investing into gaming development and publishing firm, Laser Infomedia. The board will also consider the location for setting up a gaming development and publishing studio in India, the company said in a statement.

Compact Disc India's net profit surged 114.9% to Rs 9.09 crore on a 119.3% rise in sales to Rs 46.68 crore in Q2 September 2008 over Q2 September 2008.Compact Disc India offers animation outsourcing services. The company produces animated entertainment for movie theaters and television.

Suzlon Energy Spurts As Deal To Equity In Repower Track - Dec 16, 2008

The company made the announcement during market hours today, 16 December 2008.Meanwhile, the BSE Sensex was up 62.36 points, or 0.63%, to 9894.09.On BSE, 1.10 crore shares were traded in the counter. The scrip had an average daily volume of 1.08 crore shares in the past one quarter.The stock hit a high of Rs 59.10 and a low of Rs 54 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 36.30 on 2 December 2008.

The stock had underperformed the market over the past one month till 15 December 2008, declining 0.27% as compared to the Sensex's 4.76% rise. It had also underperformed the market in the past one quarter, falling 74.32% as compared to the Sensex's fall of 27.34%.The world's fifth-largest wind turbine maker has an equity capital of Rs 299.65 crore. Face value per share is Rs 2.The current price of Rs 58.35 discounts its Q2 September 2008 annualised EPS of Rs 0.45, by a PE multiple of 129.66.

Under the revised terms, Suzlon will pay 65 million euros in December 2008, 30 million euros in April 2009 and 175 million euros in May 2009 to acquire Portugal-based Martifer's 22.48% stake in REpower. After the acquisition of Martifer's 22.48% stake, Suzlon's holding in REpower will go up to 91%. Suzlon currently holds 68.52% in REPower.

Suzlon and Martifer had said in November 2008 they were negotiating the schedule for the purchase, which is covered by an international bank guarantee of 270 million euros. Earlier, Suzlon had suspended an Rs 1800 crore rights issue that was intended to help fund the deal.

REpower is a German wind turbine company founded in 2001. Its product range comprises several types of turbines with rated outputs of between 1.5 and 5 megawatts.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.Suzlon Energy provides customers with total wind power solutions.

Educomp Solutions Allotment Of Equity Shares Upon Exercise - Dec 16, 2008

Educomp Solutions Ltd has informed that Remuneration Committee of the Company by passing resolution by circulation has allotted 586 Equity Shares ranking pari-passu in all respect with the existing shares of the Company to the eligible employee of the Company.Consequent to the said allotment paid-up share capital of the Company has increased from 17282984 Equity shares of the face value of Rs 10 each aggregating Rs 17,28,29,840 to 17283570 Equity shares of the face value of Rs 10 each aggregating to Rs 17,28,35,700.

Sanraa Media Equity Ahead Record Date For Bonus Issue - Dec 15, 2008

The stock has risen 20.37% from the recent low of Rs 16.20 on 19 November 2008.Meanwhile, the BSE Sensex was up 80.72 points, or 0.83%, to 9,770.79.On BSE, 25,239 shares were traded in the counter. The stock had an average daily volume of 43,303 shares in the past one quarter.The stock hit a high of Rs 19.85 and a low of Rs 18.85 so far during the day. The stock hit a 52-week high of Rs 130.75 on 4 January 2008 and a 52-week low of Rs 14.75 on 21 November 2008.

The small-cap stock had underperformed the market over the past one month till 12 December 2008, falling 3.81% as compared to the Sensex's return of 1.61%. It had also underperformed the market in the past one quarter, declining 61.17% as compared to the Sensex's decline of 30.79%.The company's current equity is Rs 26.58 crore. Face value per share is Rs 10.The current price of Rs 19.50 discounts the company's Q2 September 2008 annualized EPS of Rs 4.35, by a PE multiple of 4.48.

The company has fixed 17 December 2008 as the record date for a 1:1 bonus issue. The company announced the record date on 4 December 2008.Sanraa Media's net profit surged 71% to Rs 2.89 crore on 64.31% increase in net sales to Rs 10.22 crore in Q2 September 2008 over Q1 June 2008.Sanrra Media is an information technology firm.

Apollo Tyres After Block Deal Equity Capital Of Rs 50.40 Crore - Dec 15, 2008

Meanwhile, the BSE Sensex was up 155.85 points, or 1.61%, to 9845.92.On BSE, 51.60 lakh shares were traded in the counter. The scrip had an average daily volume of 10.39 lakh shares in the past one quarter.The stock hit a high of Rs 20.20 and a low of Rs 18.60 so far during the day. The stock had a 52-week high of Rs 62.90 on 2 January 2008 and a 52-week low of Rs 18.30 on 18 November 2008.

The stock had underperformed the market over the past one month till 12 December 2008, declining 25% as compared to the Sensex's 1.61% rise. It had also underperformed the market in the past one quarter, falling 49.53% as compared to the Sensex's fall of 30.79%.The small-cap automobile tyre maker has an equity capital of Rs 50.40 crore. Face value per share is Rs 1.The current price of Rs 19.80 discounts its Q2 September 2008 annualised EPS of Rs 0.62, by a PE multiple of 31.93.

Apollo Tyres' net profit fell 84.8% to Rs 7.79 crore on a 15.9% rise in sales to Rs 981.87 crore in Q2 September 2008 over Q2 September 2007.Apollo Tyres manufactures tires and tubes for cars, trucks, farm equipment and light commercial vehicles. The company also manufactures automobile flaps and retreading materials. Apollo Tyres has four manufacturing units in India, two in South Africa and two in Zimbabwe.

Kirloskar Electric Equity Company Electrifies After Block Deal - Dec 15, 2008

The block deal constituted 3.01% of the company's equity.Meanwhile, the BSE Sensex was up 70.18 points, or 0.72%, to 9,760.25.On BSE, 12.92 lakh shares were traded in the counter. The stock had an average daily volume of 13,066 shares in the past one quarter.The stock hit a high of Rs 44.10 and a low of Rs 37.10 so far during the day. The stock hit a 52-week high of Rs 389 on 24 December 2007 and a 52-week low of Rs 40.10 on 12 December 2008.

The mid-cap stock had underperformed the market over the past one month till 12 December 2008, falling 22.17% as compared to the Sensex's return of 1.61%. It had also underperformed the market in the past one quarter, declining 68.82% as compared to the Sensex's decline of 30.79%.The company's current equity is Rs 33.27 crore. Face value per share is Rs 10.The current price of Rs 43.80 discounts the company's Q2 September 2008 annualized EPS of Rs 2.60, by a PE multiple of 16.5.

Kirloskar Electric Company's net profit fell 51.2% to Rs 3.29 crore on 43.9% increase in net sales to Rs 261.70 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and selling products in electrical industry. Its products include rotating machines, static equipments, switchgears, cables, transformers, capacitors and transmission lines.

Mcnally Bharat Moves North On Equity New Order Win - Dec 15, 2008

The company announced the order win during market hours today, 15 December 2008.Meanwhile, the BSE Sensex was up 159.58 points, or 1.65%, to 9,849.65.On BSE, 86,963 shares were traded in the counter. The stock had an average daily volume of 26,275 shares in the past one quarter.The stock hit a high of Rs 39.75 and a low of Rs 34.85 so far during the day. The stock hit a 52-week high of Rs 31.09 on 17 December 2007 and a 52-week low of Rs 30.40 on 3 December 2008.

The small-cap stock had underperformed the market over the past one month till 12 December 2008, falling 14.69% as compared to the Sensex's return of 1.61%. It had also underperformed the market in the past one quarter, declining 70.52% as compared to the Sensex's decline of 30.79%.The company's current equity is Rs 31.09 crore. Face value per share is Rs 10.The current price of Rs 39.50 discounts the company's Q2 September 2008 annualized EPS of Rs 8.22, by a PE multiple of 4.81.

The company has bagged an order worth Rs 88.86 crore from Essar Constructions (India).Nally Bharat Engineering Company (MBECL) had in September 2008 bagged an order worth Rs 115 crore from Bharat Heavy Electricals, Bangalore.MBECL's net profit rose 45.9% to Rs 6.39 crore on 75.9% increase in net sales to Rs 202.63 crore in Q2 September 2008 over Q2 September 2007.The company provides turnkey solutions in the areas of power, steel, alumina, material handling, mineral beneficiation, coal washing, ash handling and disposal, port cranes, civic and industrial water supply.

Amtek Auto Shifts Gears In The Equity Global Financial Crisis - Dec 13, 2008

Meanwhile, the BSE Sensex was up 14.95 points, or 0.15%, to 9,658.66.On BSE, 57.53 lakh shares were traded in the counter. The stock had an average daily volume of 1.85 lakh shares in the past one quarter.The stock hit a high of Rs 57.85 and a low of Rs 51 so far during the day. The stock hit a 52-week high of Rs 497 on 19 December 2007 and a 52-week low of Rs 42.25 on 20 November 2008.

The small-cap stock had underperformed the market over the past one month till 11 December 2008, falling 21.24% as compared to the Sensex's decline of 1.97%. It had also underperformed the market in the past one quarter, declining 69.55% as compared to the Sensex's decline of 32.66%.The company's current equity is Rs 28.20 crore. Face value per share is Rs 2.The current price of Rs 55 discounts the company's Q1 September 2008 annualized EPS of Rs 13.63, by a PE multiple of 4.03.

Amtek Auto, which has Rs 500 crore in cash, raised the $250 million by issuing foreign currency convertble bonds (FCCBs) in mid-2006 specifically for acquisitions and has used up almost all the money for two overseas buys and their expansion. The foreign currency convertible bonds are convertible at Rs 458 in 2011, more than eight times the current trading price.

There had been speculation that it may buyback the outstanding FCCBs after the Reserve Bank of India on Saturday 6 December 2008 relaxed rules for firms to buy back FCCBs after shares prices slumped amid the global financial crisis.

The Reserve Bank of India (RBI), on Saturday 6 December 2008 said corporates could buy back their foreign currency convertible bonds (FCCBs) if they use their foreign exchange reserves held in India or overseas or raise fresh external commercial borrowings (ECBs), provided there is a minimum discount of 15% on the book value of the FCCB. Corporates could also buy back FCCBs out of rupee resources provided there is a minimum discount of 25% on the book value.

Amtek Auto, one of India's largest auto parts makers, is battling an automobile slowdown in India and globally. India's passenger car sales declined 19.4% to 83,059 in November 2008 over November 2007, data released by the Society of Indian Automobile Manufacturers showed. Sales of trucks and buses fell 49.5% to 20,637

Amtek Auto's net profit fell 24.6% to Rs 48.06 crore on 1.2% increase in net sales to Rs 315.51 crore in Q1 September 2008 over Q1 September 2007.Amtek Auto is a leading Indian supplier of automotive components and an integrated automotive component manufacturer of forgings, machining and sub-assemblies.

DCM Strengthens As Equity Promoters Hike Stake - Dec 13, 2008

The company announced the increase in promoters' stake during trading hours today, 12 December 2008.Meanwhile, the BSE Sensex was up 90.58 points, or 0.94%, to 9,736.04.On BSE, 5,669 shares were traded in the counter. The stock had an average daily volume of 6,567 shares in the past one quarter. The stock hit a high of Rs 20 and a low of Rs 18 so far during the day.

Stock hit a 52-week high of Rs 106.40 on 7 January 2008 and a 52-week low of Rs 15.15 on 16 October 2008.The small-cap stock had underperformed the market over the past one month till 11 December 2008, falling 10.90% as compared to the Sensex's decline of 1.97%. It had also underperformed the market in the past one quarter, declining 41.37% as compared to the Sensex's decline of 32.66%.

The company's current equity is Rs 17.38 crore. Face value per share is Rs 10.The current price of Rs 20 discounts the company's Q2 September 2008 annualized EPS of Rs 6.49, by a PE multiple of 3.08.Aggresar Leasing & Finance, a promoter group company, has increased its stake to 21.44% in the company after acquiring 2,48,775 shares through open market on 8 December 2008. The total promoter holding in the company stood at 43.09% as on 30 September 2008.

DCM reported a net profit of Rs 2.82 crore in Q2 September 2008 as compared to net loss of Rs 0.97 crore in Q2 September 2007. Net sales rose 38% to Rs 54.06 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and selling cotton yarn. The group operates in four segments: textiles, information technology services, real estate and others.

Marg Extends Ganis Ahead Equity Consider On Buyback - Dec 12, 2008

Meanwhile, the BSE Sensex was up 11.71 points, or 0.12%, to 9,657.17.On BSE, 79,675 shares were traded in the counter. The stock had an average daily volume of 46,048 shares in the past one quarter.The stock hit a high of Rs 43.75 and a low of Rs 43.70 so far during the day. The stock hit a 52-week high of Rs 630.45 on 2 January 2008 and a 52-week low of Rs 28.85 on 2 December 2008.

The stock has risen 46.57% in eight trading sessions from a recent low of Rs 29.85 on 1 December 2008. Marg had on 5 December 2008 announced a board meet to consider buyback.The small-cap stock had underperformed the market over the past one month till 11 December 2008, falling 22.06% as compared to the Sensex's decline of 1.97%. It had also underperformed the market in the past one quarter, declining 71.70% as compared to the Sensex's decline of 32.66%.

The company's current equity is Rs 25.61 crore. Face value per share is Rs 10.The current price of Rs 43.75 discounts the company's Q2 September 2008 annualized EPS of Rs 16.59, by a PE multiple of 2.64.Marg had on 4 December 2008 received a contract from the Karnataka state government for developing an airport at Bijapur in the state. The company reportedly plans to invest Rs 108 crore for the airport project and it is looking for a strategic partner for the same. The investment of Rs 108 crore will be funded through debt-equity ratio, the reports added.

Marg's net profit surged 61.2% to Rs 10.62 crore on 85.2% increase in net sales to Rs 90.88 crore in Q2 September 2008 over Q2 September 2007.Marg is engaged in infrastructure and realty development like creation of information technology (IT) parks, SEZ, wind farms, power stations, malls, ports, commercial and residential complexes.

Nava Bharat Ventures Surges On Current Equity Company - Dec 12, 2008

Meanwhile, the BSE Sensex was up 18.94 points, or 0.12%, to 9,652.62.On BSE, 1.22 lakh shares were traded in the counter. The stock had an average daily volume of 53,592 shares in the past one quarter.The stock hit a high of Rs 130 and a low of Rs 116 so far during the day. The stock hit a 52-week high of Rs 351.80 on 7 January 2008 and a 52-week low of Rs 90.50 on 20 November 2008.

The small-cap stock had outperformed the market over the past one month till 11 December 2008, rising 12.54% as compared to the Sensex's decline of 1.97%. It had however underperformed the market in the past one quarter, declining 52.24% as compared to the Sensex's decline of 32.66%. From its recent low of Rs 99.35 on 3 December 2008 the stock climbed 27.17% after it said on 4 December 2008 that company will consider buyback of shares.

The company's current equity is Rs 15.58 crore. Face value per share is Rs 2.The current price of Rs 126.35 discounts the company's Q2 September 2008 annualized EPS of Rs 60.88, by a PE multiple of 2.07.Nava Bharat Ventures will buyback equity shares at a maximum outlay of Rs 50 crore. The maximum buyback offer size represents 6.29% of the aggregate of the company's paid up equity capital and free reserves as on 31 March 2008. The company announced the share buyback plan during market hours today, 12 December 2008.

Nava Bharat Venture's net profit surged 127.3% to Rs 118.56 crore on 157% increase in net sales to Rs 398.30 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing and selling of ferro alloys. The group operates through three segments: ferro alloys, power and sugar. The group also provides infrastructure projects.

Tata Metaliks Loses Sheen Equity On Furnace - Dec 12, 2008

The company made the announcement during trading hours today, 12 December 2008.Meanwhile, the BSE Sensex was down 141.96 points, or 1.47%, to 9,503.50.On BSE, 3,417 shares were traded in the counter. The stock had an average daily volume of 6,813 shares in the past one quarter.The stock hit a high of Rs 74.45 and a low of Rs 73 so far during the day. The stock hit a 52-week high of Rs 224 on 1 January 2008 and a 52-week low of Rs 67 on 28 November 2008.

The small-cap stock had underperformed the market over the past one month till 11 December 2008, falling 12.30% as compared to the Sensex's decline of 1.97%. It had also underperformed the market in the past one quarter, declining 44.11% as compared to the Sensex's decline of 32.66%.

The company's current equity is Rs 25.29 crore. Face value per share is Rs 10.The current price of Rs 74.45 discounts the company's Q2 September 2008 annualized EPS of Rs 20.21, by a PE multiple of 3.68.

Tata Metaliks had on 17 November 2008 shut down one of its mini blast furnaces in Kharagpur for three weeks starting 18 November 2008 for repair works. The company will extend the shut down till the end of December 2008, due to non-completion of the repair works at the plant.

Tata Metaliks' net profit fell 0.5% to Rs 12.78 crore on a 27.7% rise in sales to Rs 304.53 crore in Q2 September 2008 over Q2 September 2007.Tata Metaliks is engaged in manufacturing foundry grade pig iron and machined grey iron castings. The company's manufacturing facility operates at Kharagpur in West Bengal.

Oversub Scription Of Equity Rights Issue Sweetens Sugar - Dec 12, 2008

The company made this announcement during trading hours today, 12 December 2008.Meanwhile, the BSE Sensex was down 313.95 points, or 3.25%, to 9,331.51.On BSE, 43,236 shares were traded in the counter. The stock had an average daily volume of 39,814 shares in the past one quarter.The stock hit a high of Rs 11.50 and a low of Rs 9.90 so far during the day. The stock hit a 52-week high of Rs 24.32 on 7 August 2008 and a 52-week low of Rs 7.02 on 1 December 2008.

The small-cap stock had underperformed the market over the past one month till 11 December 2008, falling 6.07% as compared to the Sensex's decline of 1.97%. It had also underperformed the market in the past one quarter, declining 47.76% as compared to the Sensex's decline of 32.66%.The company's current equity is Rs 11.25 crore. Face value per share is Rs 1.

The current price of Rs 10.55 discounts the company's Q2 September 2008 annualized EPS of Rs 1.11, by a PE multiple of 9.50.The rights opened on 17 November 2008 and closed on 5 December 2008. The company had priced the rights issue at Rs 8 per share, at a premium of Rs 7 on the face value of rupee one each. The rights issue was in the ratio of one equity shares for every four shares held.

Ugar Sugar Works reported a net profit of Rs 2.49 crore in Q2 September 2008 as compared to net loss of Rs 17 crore in Q2 September 2007. Net sales rose 35.9% to Rs 82.32 crore in Q2 September 2008 over Q2 September 2007.

The company is engaged in manufacturing and selling sugar. It also manufactures spirit, industrial and portable alcohol and generates power by using non-conventional energy source. The company operates in four segments: sugar, electricity, portable alcohol and industrial alcohol. It operates in India.

Steel Strips Revs Up On Export Order Equity Industry - Dec 11, 2008

The company announced the order win during trading hours today, 11 December 2008.Meanwhile, the BSE Sensex was down 4.61 points, or 0.05%, to 9,650.29.On BSE, 3,903 shares were traded in the counter. The stock had an average daily volume of 464 shares in the past one quarter.The stock hit a high of Rs 53.95 and a low of Rs 50 so far during the day. The stock hit a 52-week high of Rs 256.25 on 2 January 2008 and a 52-week low of Rs 50 on 4 December 2008.

The small-cap stock had underperformed the market over the past one month till 10 December 2008, declining 32.83% as compared to the Sensex's decline of 8.36%. It had outperformed the market in the past one quarter, declining 56.03% as compared to the Sensex's decline of 34.15%.The company's current equity is Rs 12.56 crore. Face value per share is Rs 10.The current price of Rs 52.65 discounts the company's Q2 September 2008 annualized EPS of Rs 10.19, by a PE multiple of 5.17.

Steel Strips Wheels has bagged an export order from Italy's Piaggio for supply of 46,000 wheel rims.Steel Strips Wheels' net profit fell 19.8% to Rs 3.20 crore on 45.5% increase in net sales to Rs 95.98 crore in Q2 September 2008 over Q2 September 2007.The company is engaged in manufacturing wheel rims. The company caters largely to the two-wheeler industry.

Acquisition Buzz Strengthens Equity Andhra Cements - Dec 11, 2008

Meanwhile, the BSE Sensex was down 54.68 points, or 0.57%, to 9,600.22.On BSE, 41,045 shares were traded in the counter. The stock had an average daily volume of 27,550 shares in the past one quarter.The stock opened and remained locked at a high of Rs 22.46 so far during the day. The stock hit a 52-week high of Rs 59.90 on 4 January 2008 and a 52-week low of Rs 11.50 on 27 October 2008. The stock rose 20% to Rs 18.72 on 10 December 2008.

The small-cap southern India-based cement producer had outperformed the market over the past one month till 10 December 2008, rising 17% as compared to the Sensex's decline of 8.36%. It had also outperformed the market in the past one quarter, declining 26.73% as compared to the Sensex's decline of 34.15%.The company's current equity is Rs 132.52 crore. Face value per share is Rs 10.

The current price of Rs 22.46 discounts the company's Q2 September 2008 annualized EPS of Rs 6.51, by a PE multiple of 3.45.As per reports, a host of multinational cement makers, such as Lafarge, CRH and Italcementi, are in the race to buy out promoters of Andhra Cements (ACL) at Rs 75 a share, at a huge premium of 233% over the current market price.Promoters hold 73% in Andhra Cement which has plants in Vijayawada and Vishakapatnam and markets its products with the trade name, Durga.Andhra Cements net profit rose 9.1% to Rs 21.56 crore on 12% fall in sales to Rs 78.49 crore in Q2 September 2008 over Q2 September 2007.

Godrej Consumer Products Inches Ahead Equity Company - Dec 11, 2008

Meanwhile, the BSE Sensex was down 43.51 points, or 0.54%, to 9,602.64.On BSE, 350 shares were traded in the counter. The stock had an average daily volume of 61,705 shares in the past one quarter.The stock hit a high of Rs 123 and a low of Rs 119.05 so far during the day. The stock hit a 52-week high of Rs 147.98 on 17 December 2007 and a 52-week low of Rs 93.84 on 22 January 2008.

The mid-cap stock had outperformed the market over the past one month till 10 December 2008, rising 6.05% as compared to the Sensex's decline of 8.36%. It had however also outperformed the market in the past one quarter, declining 3.42% as compared to the Sensex's decline of 34.15%.The company's current equity is Rs 25.81 crore. Face value per share is Rs 1.

The current price of Rs 121 discounts the company's Q2 September 2008 annualized EPS of Rs 5, by a PE multiple of 24.2.The board of directors of Godrej Consumer Products (GCPL) has approved acquisition of the remaining 50% stake of its joint venture (JV) partner SCA Hygiene Products in Godrej SCA Hygiene. Post this transaction, the JV, which owns the Snuggy brand of baby diapers, will become a 100% subsidiary of GCPL.Godrej Consumer Products' net profit fell 4.2% to Rs 32.26 crore on 23.2% increase in net sales to Rs 259.04 crore in Q2 September 2008 over Q2 September 2007.Godrej Consumer Products has presence in personal and household care products.

Rich Brew For United Breweries Equity Purchase - Dec 11, 2008

Meanwhile, the BSE Sensex was up 39.20 points, or 0.41%, to 9,694.10.On BSE, 20,374 shares were traded in the counter. The stock had an average daily volume of 45,104 shares in the past one quarter.The stock hit a high of Rs 93.90 and a low of Rs 84.80 so far during the day. The stock hit a 52-week high of Rs 383.24 on 17 January 2008 and a 52-week low of Rs 76 on 8 December 2008.

The mid-cap stock had underperformed the market over the past one month till 10 December 2008, declining 19.70% as compared to the Sensex's decline of 8.36%. It had also underperformed the market in the past one quarter, declining 53.27% as compared to the Sensex's decline of 34.15%.The company's current equity is Rs 24 crore. Face value per share is Rs 1.

The current price of Rs 90.05 discounts the company's Q2 September 2008 annualized EPS of Rs 0.86, by a PE multiple of 104.71.The possibility of a payout may signal a thaw in the relationship between Heineken and United Breweries (UB). Despite being an equal shareholder, Heineken does not enjoy any management or business rights in UB. Scottish & Newcastle (S&N). It may be recalled that Heineken got control over 37.5% stake UB after a global buyout of Scottish & Newcastle (S&N).

UB has insisted that its business ties with S&N were specific in nature and not extended to Heineken. It had, in fact, moved the Bombay High Court to restrain Heineken from accessing any rights that were conferred to S&N, and also objected to Heineken’s group arm Asia-Pacific Breweries (APB) running parallel operations in the country.United Breweries' net profit fell 51% to Rs 5.16 crore on 28.7% increase in net sales to Rs 361.12 crore in Q2 September 2008 over Q2 September 2007.United Breweries is engaged in production, purchase and sale of beer.

Hindalco Shines On Sensex Decline Equity Company - Dec 10, 2008

The block deal constituted 0.06% of the company's equity.Meanwhile, the BSE Sensex was up 331.42 points, or 3.62%, to 9,494.04.On BSE, 40.25 lakh shares were traded in the counter. The stock had an average daily volume of 29.98 lakh shares in the past one quarter.The stock hit a high of Rs 53.90 and a low of Rs 50.90 so far during the day. The stock hit a 52-week high of Rs 200.65 on 7 January 2008 and a 52-week low of Rs 38.05 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 8 December 2008, declining 16.13% as compared to the Sensex's decline of 8.05%. It had also underperformed the market in the past one quarter, declining 59.55% as compared to the Sensex's decline of 38.69%.The company's current equity is Rs 175.32 crore. Face value per share is Rs 1.

The current price of Rs 52.80 discounts the company's Q2 September 2008 annualized EPS of Rs 23.47, by a PE multiple of 2.25.Recently, Hindalco repaid the bridge loan taken to acquire Novelis. Hindalco raised $982 million in a five-year foreign currency loan at 315 basis points above the London interbank offered rate (Libor) and used it to clear the $3.03 billion bridge loan taken at 80 basis points over Libor for acquiring Canada's Novelis in 2007.

Hindalco Industries' net profit rose 12% to Rs 719.95 crore on 14.4% increase in net sales to Rs 5683.18 crore in Q2 September 2008 over Q2 September 2007.Hindalco Industries is India's largest aluminium producer and is engaged in producing aluminium and semi- fabricated products.

Arshiya Equity Internationa Net Profit Surged Moves North - Dec 10, 2008

The company announced the approval during trading hours today, 10 December 2008.Meanwhile, the BSE Sensex was up 361.27 points, or 3.94%, to 9,523.89.On BSE, 830 shares were traded in the counter. The stock had an average daily volume of 71,686 shares in the past one quarter.The stock hit a high of Rs 99.10 and a low of Rs 80 so far during the day. The stock hit a 52-week high of Rs 424 on 10 January 2008 and a 52-week low of Rs 69.20 on 26 November 2008.

The small-cap stock had underperformed the market over the past one month till 8 December 2008, declining 12.41% as compared to the Sensex's decline of 8.05%. It had also underperformed the market in the past one quarter, declining 50.60% as compared to the Sensex's decline of 38.69%.The company's current equity is Rs 11.75 crore. Face value per share is Rs 2.The current price of Rs 86.90 discounts the company's Q2 September 2008 annualized EPS of Rs 3.78, by a PE multiple of 22.99.

Arshiya International's net profit surged 190.6% to Rs 5.55 crore on 68.3% increase in net sales to Rs 75.40 crore in Q2 September 2008 over Q2 September 2007.The company provides end-to-end services and solutions in logistics and supply chain management. The group operates in two segments: logistics operations and related services and other, which includes container freight station/free trade warehousing zone operations and related services and rail transport operations.

LKP Finance Hits The Roof On Equity Plan - Dec 10, 2008

Meanwhile, the BSE Sensex was up 369.40 points, or 4.03%, to 9,532.02.On BSE, 4,310 shares were traded in the counter. The stock had an average daily volume of 3,318 shares in the past one quarter.The stock hit a high of Rs 55.05 and a low of Rs 52 so far during the day. The stock hit a 52-week high of Rs 239 on 10 January 2008 and a 52-week low of Rs 48 on 8 December 2008.

The small-cap stock had underperformed the market over the past one month till 8 December 2008, declining 29.46% as compared to the Sensex's decline of 8.05%. It had also underperformed the market in the past one quarter, declining 56.74% as compared to the Sensex's decline of 38.69%.

The company's current equity is Rs 12.80 crore. Face value per share is Rs 10.The current price of Rs 55.05 discounts the company's Q2 September 2008 annualized EPS of Rs 398.06, by a PE multiple of 0.14.The board of directors of LKP Finance will meet on 15 December 2008 to consider buy back of shares. The company announced the board meet during trading hours today, 10 December 2008.

LKP Finance reported a net profit of Rs 127.38 crore in Q2 September 2008 as compared to net loss of Rs 0.28 crore in Q2 September 2007. Total income rose 3382.2% to Rs 129.19 crore in Q2 September 2008 over Q2 September 2007.

The company offers a wide range of financial services like issue management, bill discounting, leasing and hire purchase, full-fledged money changing. It has also started providing travel related insurance policy to bound passengers.

Sesa Goa Spurts On Block Deal Of The Equity Company - Dec 10, 2008

Meanwhile, the BSE Sensex was up 201.05 points, or 2.19%, to 9,363.67.The block deal constituted 0.25% of the company's equity.The stock had declined 3.41% to Rs 73.65 on Monday, 8 December 2008, as concerns about the tumbling global iron ore prices offset news of the government abolishing 8% export duty on iron ore fines. As a part of the fiscal stimulus package announced on Sunday, 7 December 2008, the government abolished 8% export duty on export of fines and also cut the current 15% ad valorem export duty on lumps to 5%.

Since 86% of iron ore export consists of fines, the move comes as a major relief for the producers. On BSE, 16.62 lakh shares were traded in the counter. The stock had an average daily volume of 34.36 lakh shares in the past one quarter.The stock hit a high of Rs 78.30 and a low of Rs 74.90 so far during the day. The stock hit a 52-week high of Rs 219.50 on 5 May 2008 and a 52-week low of Rs 60 on 24 November 2008.

The mid-cap stock had outperformed the market over the past one month till 8 December 2008, declining 7.82% as compared to the Sensex's decline of 8.05%. It had underperformed the market in the past one quarter, declining 50.54% as compared to the Sensex's decline of 38.69%.

The company's current equity is Rs 78.72 crore. Face value per share is Rs 1.The current price of Rs 77.85 discounts the company's Q2 September 2008 annualized EPS of Rs 15.55, by a PE multiple of 5.01.Sesa Goa's net profit surged 272.63% to Rs 306.08 crore on 151.6% increase in sales to Rs 832.92 crore in Q2 September 2008 over Q2 September 2007.Sesa Goa, an iron ore mining company of the Vedanta group, has been involved in iron ore mining, beneficiation and exports besides. It is also into the manufacture of pig iron and metallurgical coke.

Deccan Chronicle To Consider Buyback Equity Shares - Dec 09, 2008

Deccan Chronicle Holdings will consider a buyback of shares in the companys board meeting on December 16. Shares of the company shot up to Rs 46.8 a share, up 7.34 per cent from previous close after the news of the buyback. The company will also consider the declaration of interim dividend in the December 16 board meeting.

Bosch To Buy Back Equity Shares - Dec 09, 2008

Bosch, the Indian subsidiary of Germanys Bosch Group, a supplier of technology and services in the areas of automotive and industrial technology, consumer goods and building technology, on Monday announced a buyback of its fully paid-up equity shares through the stock exchange.

Citigroup India Pvt Ltd Manager To The Equity Company - Dec 09, 2008

Citigroup Global Markets India Pvt. Ltd. (Manager to the Buy Back) On behalf of Bosch Ltd (Target Company) has issued this Public Announcement (PA) to the Equity Shareholders of Target Company, pursuant to the provision of Regulation 8(1) read with Regulation 15(c) of the Securities & Exchange Board of India (Buyback of Securities) Regulations, 1998 as amended.

The BuybackThe Company hereby announces its intention to buy-back its fully paid-up equity shares of face value of Rs 10/- each (Equity Shares) from the existing shareholders of the Company through the open market using the nationwide electronic trading facilities of the Bombay Stock Exchange Ltd (BSE) and the National Stock Exchange of India Ltd (NSE), pursuant to Article 12 of the Article of Association of the Company and in accordance with Sections 77A, 77AA and 77B of the Companies act, 1956 (Act) and the Securities and Exchange Board of India (Buy-Back of Securities) .

Regulations, 1998 (Buy-Back Regulations) at a price not exceeding Rs 4500/- per Equity Share (Maximum Offer Price) payable in cash, for an aggregate amount not exceeding Rs 6392 Million (Maximum Offer Size) i.e. 25% of the paid up equity share capital and free reserves of the Company as on December 31, 2007 (Buy-Back Offer). The aggregate paid up equity share capital and free reserves of the Company as on December 31, 2007 (the date of last audited financial statements) was Rs 25,567.45 Million.

The number of Equity Shares that will be bought back would depend upon the average price paid for the Equity Shares bought back. In the event Equity Shares are bought at an average price of less than Rs 4500/- per Equity Share, the Maximum Offer Size of Rs 6392 Million may not be exhausted.The Company proposes to buy-back a maximum of 21,44,490 Equity Shares of the Company such that the increase in Promoter shareholding does not exceed 5% of the paid-up share capital of the Company (i.e. upto 74.73%) pursuant to this Buy-back Offer (Maximum Offer Shares). The minimum number of Equity Shares to be bought back by the Company pursuant to the Buy-back Offer shall be 355,000 Equity Shares (Minimum Offer Shares).

The maximum amount required by the Company for the Buyback Offer aggregating Rs 6392 Million will be met out of the reserves and/or the share premium account of the Company.Proposed Time TableBoard Meeting Approving Buy-back Offer - September 02, 2008.Approval of the shareholders of the Company for the Buy-back Offer through Postal ballot - October 24, 2008.

Date of Commencement of the Buyback Offer - December 15, 2008,Acceptance of Equity Shares - Within the relevant payout dates of the Stock Exchanges.Extinguishment of Equity Shares bought back - Within 7 days of acceptance as above.Last Date for the Buyback Offer - October 23, 2009. However, the Board may in its absolute discretion may decide to close the Buyback Offer on such an earlier date as may be determined by the Board, even if the Maximum Offer Size has not been reached or the Maximum Offer Shares have not been bough back, provided that the Minimum Offer Shares have been bought back by the Company. All payment obligations relating to the Buy-back Offer shall be completed before the last date for the Buy-back Offer.