Aurobindo Pharma Slumps On Equity Patent - Dec 03, 2008

Meanwhile, the BSE Sensex was up 7.45 points, or 0.09%, to 8,746.69.On BSE, 15,433 shares were traded in the counter. The stock had an average daily volume of 51,461 shares in the past one quarter.The stock hit a high of Rs 115 and a low of Rs 110.25 so far during the day. The stock hit a 52-week high of Rs 558 on 14 December 2007 and a 52-week low of Rs 101.60 on 6 November 2008.

The small-cap stock had underperformed the market over the past one month till 2 December 2008, declining 8.75% as compared to the Sensex's decline of 10.72%. It had also nderperformed the market in the past one quarter, falling 63.92% as compared to the Sensex's decline of 41.93%.The company's current equity is Rs 26.88 crore. Face value per share is Rs 5.

As per reports, Eli Lilly and Co has sued Aurobindo Pharma in the US district court after the later filed abbreviated new drug applications (ANDA) with US Food & Drug Administration (US FDA) for marketing approval for Eli Lilly's top selling anti-depressant drug Cymbalta in the US.Cymbalta is the second largest revenue earner for Eli Lilly at about $2.3 billion for the 12 months ended September 2008.

Aurobindo Pharma had in November 2008 received final approval from US FDA for manufacturing and marketing Sertraline hydrochloride in 20-miligram strength.The company had in October 2008 received US FDA approval to manufacture and market Cyclobenzaprine hydrochloride tablets in multiple strengths.

Aurobindo Pharma reported a net loss of Rs 38.50 crore in Q2 September 2008 as compared to net profit of Rs 100.92 crore in Q2 September 2007. Net sales rose 2.1% to Rs 624.68 crore in Q2 September 2008 over Q2 September 2007.Aurobindo Pharma is engaged in developing, manufacturing and marketing active pharmaceutical ingredients, intermediates and generic formulations.

Kotak Mahindra Bank Allots Equity Shares - Dec 03, 2008

The committee of Kotak Mahindra Bank has allotted 47,465 equity shares of Rs 10 each, pursuant to exercise of employee stock option plan. 7,396 equity shares were allotted under ESOP scheme series 2002-03/06, 8,460 equity shares were allotted under ESOP scheme series 2005/01, 23,700 equity shares were allotted under ESOP scheme series 2005/02 and 7,909 equity shares under ESOP scheme series 2007/01.These shares were allotted at the ESOP allotment committee meeting held on 03 December 2008.

Sun Shines On Sun TV As State Chief Equity - Dec 02, 2008

Meanwhile, the BSE Sensex was down 245.47 points, or 2.78%, to 8,594.40.On BSE, 3.23 lakh shares were traded in the counter. The stock had an average daily volume of 26,589 shares in the past one quarter.The stock hit a high of Rs 136 and a low of Rs 125.80 so far during the day. The stock hit a 52-week high of Rs 441.80 on 7 January 2008 and a 52-week low of Rs 125.10 on 1 December 2008.

The mid-cap stock had underperformed the market over the past one month till 1 December 2008, declining 15.03% as compared to the Sensex's decline of 9.69%. It had also underperformed the market in the past one quarter, declining 46.83% as compared to the Sensex's decline of 39.03%.

The company's current equity is Rs 197.04 crore. Face value per share is Rs 5.he current price of Rs 132.55 discounts the company's Q2 September 2008 annualized EPS of Rs 10.99, by a PE multiple of 12.06.According to reports, the Tamil Nadu state chief minister met his estranged grandnephews Kalanithi Maran and Dayanidhi Maran, promoters of Sun TV Network, on Monday, 1 December 2008, after an agreement was clinched by three of his children, MK Azhagiri, MK Stalin and Selvi.

There has been a war of words between the two families for the past one and half years and at one point Azhagiri even went to the extent saying that he would not allow a reunion as long as he was alive.Sun TV had, on 30 October 2008, deferred a decision on buyback of shares due to volatile conditions prevailing in the stock market.

In September 2008, the company entered into film production business through its new division Sun Pictures.Sun TV Network's net profit surged 35.1% to Rs 108.31 crore on 2.3% increase in net sales to Rs 237.88 crore in Q2 September 2008 over Q2 September 2007.

Sun TV Network is a leading television broadcaster in all southern states of India. It offers four Tamil language channels including Sun TV, Sun News, Sun Music and KTV as also two Malayalam channels Surya TV and Kiran TV, apart from Telugu and Kannada channels.

Company Current Equity Zinc Operations - Dec 02, 2008

Meanwhile, the BSE Sensex was down 315.57 points, or 3.57%, to 8,524.30.On BSE, 5.35 lakh shares were traded in the counter. The stock had an average daily volume of 10.81 lakh shares in the past one quarter.The stock hit a high of Rs 232.60 and a low of Rs 217.10 so far during the day. The stock hit a 52-week high of Rs 1140 on 7 December 2007 and a 52-week low of Rs 164.50 on 27 October 2008.

The mid-cap stock had underperformed the market over the past one month till 1 December 2008, declining 15.41% as compared to the Sensex's decline of 9.69%. It had also underperformed the market in the past one quarter, declining 61.70% as compared to the Sensex's decline of 39.03%.The company's current equity is Rs 141.74 crore. Face value per share is Rs 2.

The current price of Rs 218.30 discounts the company's Q2 September 2008 annualized EPS of Rs 26.14, by a PE multiple of 8.35.Last week, Sterlite Industries shut its four-lakh tonnes-a-year capacity copper smelter at Tuticorin in Tamil Nadu for a month following a breakdown.

Sterlite Industries India's net profit surged 117.5% to Rs 462.93 crore on 5.5% increase in net sales to Rs 3738.65 crore in Q2 September 2008 over Q2 September 2007.Sterlite Industries is a leading producer of copper in India. It is a part of Vedanta Resources, a London listed metals and mining major, with aluminum, copper and zinc operations in India and Australia.

Jenson Nicholson Equity Shareholders Secured - Dec 02, 2008

Jenson & Nicholson India Ltd has informed that pursuant to an order made on the November 04, 2008 passed by the Honble High Court at Calcutta has directed that separate meetings of the Equity Shareholders and Secured Creditors of the Company will be held on December 19, 2008, for the purpose of considering, and if thought fit, approving with or without modification, the proposed Scheme of Arrangement of the applicant Jenson & Nicholson (India) Ltd.

Equity Ratio Of Slips On Brokerage Downgrade - Dec 02, 2008

Meanwhile, the BSE Sensex was down 322.65 points, or 3.65%, to 8517.22.On BSE, 1.41 crore shares were traded in the counter. The scrip had an average daily volume of 63.59 lakh shares in the past one quarter.The stock hit a high of Rs 24.40 and a low of Rs 21.85 so far during the day. The stock had a 52-week high of Rs 546.80 on 2 January 2008 and a 52-week low of Rs 21.80 on 28 November 2008.

The stock had underperformed the market over the past one month till 28 November 2008, declining 50.05% as compared to the Sensex's 9.69% fall. It had also underperformed the market in the past one quarter, falling 84.84% as compared to the Sensex's fall of 39.03%.

India's second largest real estate developer by market capitalisation has an equity capital of Rs 324.68 crore. Face value per share is Rs 2.The current price of Rs 23.45 discounts its Q2 September 2008 annualised EPS of Rs 10.24, by a PE multiple of 2.29.

Unitech's cash flow is under severe stress due to weakening sales, high net debt to equity ratio of 1.8:1 and commitments for the telecom venture, the report added. Merrill Lynch expects the pressure on the cash flow to increase due to weak sentiment which will deter buyers.

Unitech's net profit rose 200.9% to Rs 415.56 crore on a 59.5% rise in sales to Rs 844.65 crore in Q2 September 2008 over Q2 September 2007.Unitech develops residential areas, commercial spaces, amusement parks, infrastructure development, thermal power plants, transmission lines, highways, flyovers, industrial facilities, steel plants, and overseas turnkey projects.

Retailer Has An Equity Arvind Soars On Demerger - Dec 01, 2008

The company made the announcement after market hours on Friday, 28 November 2008.Meanwhile, the BSE Sensex was up 139.76 points, or 1.54%, to 9232.74.On BSE, 2.38 lakh shares were traded in the counter. The scrip had an average daily volume of 4.89 lakh shares in the past one quarter.The stock hit a high of Rs 14.40 and a low of Rs 13.50 so far during the day. The stock had a 52-week high of Rs 93.50 on 31 December 2007 and a 52-week low of Rs 12.86 on 20 November 2008.

The stock had underperformed the market over the past one month till 28 November 2008, declining 12.08% as compared to the Sensex's 0.94% rise. It had also underperformed the market in the past one quarter, falling 60.18% as compared to the Sensex's fall of 35.28%.The small-cap textile retailer has an equity capital of Rs 218.98 crore. Face value per share is Rs 10.

The current price of Rs 14.06 discounts its Q2 September 2008 annualised EPS of Rs 0.30, by a PE multiple of 46.86.Arvind, has announced a demerger of its branded apparel business and the retail business under the MegaMart banner into two different wholly owned subsidiaries. The brands business division would be transferred to Arvind Lifestyle Brands and retail business division to Arvind RetailThe demerger is aimed at bringing enhanced financial focus on these entities and look at possible alternatives for fund raising in these vehicles at an appropriate time in the future.

The demerger will be carried out under sections 391 to 394 of the Companies Act along with a proposal for reduction and restructuring of share capital of the three companies viz. Arvind, Arvind Lifestyle Brands and Arvind Retail, Arvind said in a statement.Arvind's net profit fell 84.4% to Rs 1.64 crore on a 6.1% rise in sales to Rs 580.92 crore in Q2 September 2008 over Q2 September 2007.

Arvind, erstwhile Arvind Mills, is one of the leading textile manufacturers in the country. It owns various brands like Flying Machine, Newport and Ruf & Tuf jeans and Excalibur shirts. The company services the entire domestic market besides exporting to neighboring countries.

SMS Pharmaceuticals Allotment Of Equity Shares - Dec 01, 2008

SMS Pharmaceuticals Ltd has informed that the Board of Directors of the Company at its meeting held on November 29, 2008, has also allotted 12,978 Equity Shares of Rs 10/- each to the erstwhile shareholders of M/s. Plant Organics Ltd, to implement the Board for Industrial & Financial Reconstruction (BIFR) order dated August 28, 2008. The allotted shares will rank pari passu in all respects with the existing shares of the Company.

Moser Baer Gains On Diversification Equit - Dec 01, 2008

Meanwhile, the BSE Sensex was up 204.18 points, or 2.25%, to 9,296.20.On BSE, 1.30 lakh shares were traded in the counter. The stock had an average daily volume of 8.70 lakh shares in the past one quarter.The stock hit a high of Rs 58.45 and a low of Rs 54 so far during the day. The stock hit a 52-week high of Rs 344.80 on 3 January 2008 and a 52-week low of Rs 50.05 on 28 November 2008.

The small-cap stock had underperformed the market over the past one month till 28 November 2008, declining 16.51% as compared to the Sensex's return of 0.94%. It had also underperformed the market in the past one quarter, declining 40.83% as compared to the Sensex's decline of 35.28%.The company's current equity is Rs 168.30 crore.

Face value per share is Rs 10.Moser Baer reportedly plans to introduce high-definition DVD players this year, priced at Rs 3,990, as well as 2.1 and 5.1 channel speakers. It will also introduce new range of LCD televisions in premium and lower-end categories. These will be priced between Rs 14,500 and Rs 24,500 for 19 inch to 26 inch LCDs, reports added.The company recently set up a digital video processing facility in Chennai.

The facility will provide real time audio and video restoration of content apart from DVD compression and authoring services. The new facility will be connected to Moser Baer's media and entertainment services division serving domestic and international customers. It will also provide compression and authoring services to Moser Baer's own entertainment business.Moser Baer India in October 2008.

Secured an export order worth $500 million for supply of solar modules to a major European solar system integrator.Moser Baer India reported net loss of Rs 41.84 crore in Q2 September 2008 as compared to net profit of Rs 3.27 crore in Q2 September 2008. Net sales rose 33.2% to Rs 635.95 crore in Q2 September 2008 over Q2 September 2007.The company manufactures storage media for data applications and audio/video applications. It is India's second largest manufacturer of IT & entertainment peripherals in terms of sales.

Sah Petroleums - Allotment Of Equity Shares - Dec 01, 2008

Sah Petroleums Ltd has informed that the Board of Directors of the Company has approved the allotment of 1,20,00,000 equity shares of the face value of Rs 5/- each to the NAF India Holdings Ltd, Mauritius, in the category of promoters group on a preferential basis for cash at a price of Rs 26.65 including a premium of Rs 21.65 at their Board Meeting held on November 29, 2008.

With the above allotment the paid up equity share capital of the Company will be enhanced from Rs 16,00,00,000 divided into 3,20,00,000 equity shares of Rs 5/- each to Rs 22,00,00,000 divided into 4,40,00,000 equity shares of Rs 5/- each.