HCL Technologies Ltd has informed that the Employees Stock Option Allotment Committee of the Company on April 06, 2009 allotted 12,956 Equity Shares of Rs 2/- each, under the 2004 Stock Option Plan of the Company. Consequent to the said allotment the paid-up share capital of the Company has gone upto 669,774,812 equity shares of Rs 2/- each aggregating to Rs 133,95,49,624/-.
Tuesday, April 7, 2009
Monday, April 6, 2009
India's Largest Commercial Bank By Allotment Of Equity Share - April 06, 2009
Meanwhile, the BSE Sensex was up 202.64 points, or 1.96%, to 10551.47. On BSE, 11.58 lakh shares were traded in the counter. The scrip had an average daily volume of 10.01 lakh shares in the past one quarter. The stock hit a high of Rs 1199 and a low of Rs 1113.15 so far during the day. The stock had hit a 52-week high of Rs 1840 on 5 May 2008 and a 52-week low of Rs 894 on 9 March 2009.
The stock had risen 12.06% in three trading sessions to Rs 1145.35 on 2 April 2009 from Rs 1022 on 30 March 2009. Yet, the stock underperformed the market over the past one month till 2 April 2009, rising 15.08% as compared to the Sensex's 20.24% rise. It had also underperformed the market in the past one quarter, falling 13.88% even as the Sensex rose 3.92%.
India's largest commercial bank by assets has an equity capital of Rs 634.88 crore. Face value per share is Rs 10.
The current price of Rs 1130.05 discounts the bank's Q3 December 2008 annualized EPS of Rs 156.15, by a PE multiple of 7.23.
State Bank of India (SBI) Chairman O P Bhatt had told reporters on 29 March 2009, that SBI's credit growth in January-March 2009 quarter was lower than expected. He added that there should be some downward revision in lending as well as deposit rates in the new financial year. The Asset-Liability Committee of SBI, Bhat said, would take a call on interest rates as and when required.
Bhatt also said there was enough liquidity though there was a significant pressure on interest margins. SBI had ample liquidity and did not plan to go in for further capital raising. The bank in fact recorded Rs 1,000-crore deposit everyday in October-November 2008, Bhat said.
SBI has 43% market share and the market capitalisation of the bank was more than that of Citibank, he said.
Earlier, SBI had revised the deposit rates downwards by 40 basis points (bps) to 50 bps for a few maturities effective from 9 March 2009.
The bank had on 20 February 2009 said that it had frozen interest rates for new car loans at 10% and loans to farmers against warehouse receipts at 8%. The revised car loan rates will be on offer for a limited period from 23 February 2009 to 31 May 2009 and the interest rate will be reset at the applicable card rate after 1 June 2010.
Similarly, SBI, on 31 January 2009, had announced a freeze on interest rates on new home loans at 8% for a period of one year.
Meanwhile, SBI's advance tax payment jumped 27.64% to Rs 1810 crore in Q4 March 2009 over Q4 March 2008. Higher advance tax payment have raised expectations of good Q4 numbers from the state-run bank.
State Bank of India's net profit jumped 37% to Rs 2478.42 crore on 38.3% gain in net sales to Rs 21255.90 crore in Q3 December 2008 over Q3 December 2007.
SBI provides banking, treasury and credit management services to individual and corporate clients. The government of India holds 59.41% stake in the bank as on 31 December 2008.
The stock had risen 12.06% in three trading sessions to Rs 1145.35 on 2 April 2009 from Rs 1022 on 30 March 2009. Yet, the stock underperformed the market over the past one month till 2 April 2009, rising 15.08% as compared to the Sensex's 20.24% rise. It had also underperformed the market in the past one quarter, falling 13.88% even as the Sensex rose 3.92%.
India's largest commercial bank by assets has an equity capital of Rs 634.88 crore. Face value per share is Rs 10.
The current price of Rs 1130.05 discounts the bank's Q3 December 2008 annualized EPS of Rs 156.15, by a PE multiple of 7.23.
State Bank of India (SBI) Chairman O P Bhatt had told reporters on 29 March 2009, that SBI's credit growth in January-March 2009 quarter was lower than expected. He added that there should be some downward revision in lending as well as deposit rates in the new financial year. The Asset-Liability Committee of SBI, Bhat said, would take a call on interest rates as and when required.
Bhatt also said there was enough liquidity though there was a significant pressure on interest margins. SBI had ample liquidity and did not plan to go in for further capital raising. The bank in fact recorded Rs 1,000-crore deposit everyday in October-November 2008, Bhat said.
SBI has 43% market share and the market capitalisation of the bank was more than that of Citibank, he said.
Earlier, SBI had revised the deposit rates downwards by 40 basis points (bps) to 50 bps for a few maturities effective from 9 March 2009.
The bank had on 20 February 2009 said that it had frozen interest rates for new car loans at 10% and loans to farmers against warehouse receipts at 8%. The revised car loan rates will be on offer for a limited period from 23 February 2009 to 31 May 2009 and the interest rate will be reset at the applicable card rate after 1 June 2010.
Similarly, SBI, on 31 January 2009, had announced a freeze on interest rates on new home loans at 8% for a period of one year.
Meanwhile, SBI's advance tax payment jumped 27.64% to Rs 1810 crore in Q4 March 2009 over Q4 March 2008. Higher advance tax payment have raised expectations of good Q4 numbers from the state-run bank.
State Bank of India's net profit jumped 37% to Rs 2478.42 crore on 38.3% gain in net sales to Rs 21255.90 crore in Q3 December 2008 over Q3 December 2007.
SBI provides banking, treasury and credit management services to individual and corporate clients. The government of India holds 59.41% stake in the bank as on 31 December 2008.
Friday, April 3, 2009
Great Offshore Sets Sail On Allotment Of Equity Share - April 03, 2009
The company made this announcement during trading hours today, 2 April 2009. Meanwhile, the BSE Sensex was up 441.55 points, or 4.46%, to 10,343.54. On BSE, 2.64 lakh shares were traded in the counter. The stock had an average daily volume of 79,746 shares in the past one quarter. The stock hit a high of Rs 271.90 and a low of Rs 253.70 so far during the day. The stock hit a 52-week high of Rs 774.50 on 22 May 2008 and a 52-week low of Rs 200 on 18 November 2008.
The small-cap stock had underperformed the market over the past one month till 1 April 2009, falling 0.62% as compared to the Sensex's 11.36% rise. It had also underperformed the market in the past one quarter, falling 0.56% as compared to the Sensex's 0.01% fall.
The company's current equity is Rs 37.14 crore. Face value per share is Rs 10.
The current price of Rs 262.45 discounts the company's Q3 December 2008 annualized EPS of Rs 62.16, by a PE multiple of 4.22.
The company had on 31 March 2009 chartered three vessels to Oil & Natural Gas Corporation (ONGC) for a period of three years in a contract valued at $65 million.
Great Offshore's net profit rose 4.9% to Rs 57.72 crore on 42.2% rise in net sales to Rs 275.83 crore Q3 December 2008 over Q3 December 2007.
Great Offshore is an integrated offshore oilfield services provider, offering a broad spectrum of services to upstream oil and gas producers.
Great Offshore had on 4 February 2009 announced that the promoters pledged more than 55.27 lakh shares representing 14.88% of the equity capital of the company. The company did not mention with whom the shares were pledged. The total promoter shareholding in the company stood at 15.73% as on 31 December 2008.
The small-cap stock had underperformed the market over the past one month till 1 April 2009, falling 0.62% as compared to the Sensex's 11.36% rise. It had also underperformed the market in the past one quarter, falling 0.56% as compared to the Sensex's 0.01% fall.
The company's current equity is Rs 37.14 crore. Face value per share is Rs 10.
The current price of Rs 262.45 discounts the company's Q3 December 2008 annualized EPS of Rs 62.16, by a PE multiple of 4.22.
The company had on 31 March 2009 chartered three vessels to Oil & Natural Gas Corporation (ONGC) for a period of three years in a contract valued at $65 million.
Great Offshore's net profit rose 4.9% to Rs 57.72 crore on 42.2% rise in net sales to Rs 275.83 crore Q3 December 2008 over Q3 December 2007.
Great Offshore is an integrated offshore oilfield services provider, offering a broad spectrum of services to upstream oil and gas producers.
Great Offshore had on 4 February 2009 announced that the promoters pledged more than 55.27 lakh shares representing 14.88% of the equity capital of the company. The company did not mention with whom the shares were pledged. The total promoter shareholding in the company stood at 15.73% as on 31 December 2008.
Indo Count - Allotment Of Equity Shares - April 03, 2009
Indo Count Industries Ltd has informed that pursuant to the resolution passed by the shareholders at the Extra Ordinary General meeting held on March 20, 2009, the Allotment Committee has allotted, in the aggregate 32,50,000 equity shares of Rs 10/- for cash at par to M/s. Indocount Securities Ltd., a promoters group Company, on preferential basis the details of which are as under:
Date of the Meeting - March 31, 2009
Number of Shares Allotted - 30,00,000
Amount Rs - 300,00,000/-
Date of the Meeting - April 02, 2009
Number of Shares Allotted - 2,50,000
Amount Rs - 25,00,000/-
Total
Number of Shares Allotted - 32,50,000
Amount Rs - 325,00,000/-
Date of the Meeting - March 31, 2009
Number of Shares Allotted - 30,00,000
Amount Rs - 300,00,000/-
Date of the Meeting - April 02, 2009
Number of Shares Allotted - 2,50,000
Amount Rs - 25,00,000/-
Total
Number of Shares Allotted - 32,50,000
Amount Rs - 325,00,000/-
Thursday, April 2, 2009
Allied Digital Surges On Equity Share - April 02, 2009
The company announced the acquisition after trading hours on Wednesday, 1 April 2009. Meanwhile, the BSE Sensex was up 436.56 points, or 4.41%, to 10,338.55. On BSE, 33,753 shares were traded in the counter. The stock had an average daily volume of 7,317 shares in the past one quarter. The stock hit a high of Rs 197.95 and a low of Rs 183.90 so far during the day. The stock hit a 52-week high of Rs 1049.60 on 6 June 2008 and a 52-week low of Rs 146.05 on 9 March 2009.
The small-cap stock had underperformed the market over the past one month till 1 April 2009, falling 6.94% as compared to the Sensex's 11.36% rise. It had also underperformed the market in the past one quarter, declining 51.66% as compared to the Sensex's 0.01% fall.
The company's current equity is Rs 18.11 crore. Face value per share is Rs 10.
The current price of Rs 192.05 discounts the company's Q3 December 2008 annualized EPS of Rs 41.13, by a PE multiple of 4.67.
The company said the latest acquisition will enhance its remote infrastructure management and application support services portfolio. The financial details were not disclosed.
En Pointe Technologies India has a pool of competent and certified SAP consultants with rich experience of multi geography, multi country SAP consulting and support services.
Allied Digital Services' net profit fell 13.36% to Rs 18.62 crore on 7.39% fall in net sales to Rs 95.31 crore in Q3 December 2008 over Q2 September 2008.
Allied Digital operates in diversified segments viz. IT solutions, networking and communication solutions, integrated solutions and software solutions. It is also into infrastructure management services, telecom-BPO and remote management services to its customers pan India.
The small-cap stock had underperformed the market over the past one month till 1 April 2009, falling 6.94% as compared to the Sensex's 11.36% rise. It had also underperformed the market in the past one quarter, declining 51.66% as compared to the Sensex's 0.01% fall.
The company's current equity is Rs 18.11 crore. Face value per share is Rs 10.
The current price of Rs 192.05 discounts the company's Q3 December 2008 annualized EPS of Rs 41.13, by a PE multiple of 4.67.
The company said the latest acquisition will enhance its remote infrastructure management and application support services portfolio. The financial details were not disclosed.
En Pointe Technologies India has a pool of competent and certified SAP consultants with rich experience of multi geography, multi country SAP consulting and support services.
Allied Digital Services' net profit fell 13.36% to Rs 18.62 crore on 7.39% fall in net sales to Rs 95.31 crore in Q3 December 2008 over Q2 September 2008.
Allied Digital operates in diversified segments viz. IT solutions, networking and communication solutions, integrated solutions and software solutions. It is also into infrastructure management services, telecom-BPO and remote management services to its customers pan India.
To Approve Scheme Of Amalgmation Of Equity Shareholders- April 02, 2009
Kamadgiri Synthetics Ltd has informed that pursuant by an Order made on the March 20, 2009, the Honble High Court of Judicature at Bombay has directed that a meeting of the Equity Shareholders of the Company will be held on April 18, 2009, for the purpose of considering, and, if thought fit, approving with or without modification (s), the Scheme of Amalgamation of Stripes Apparels Ltd, the Transferor Company with the Transferee Company and there respective shareholders.
Religare Enterprises - Allotment Of Equity Shares Under ESOS - April 02, 2009
Religare Enterprises Ltd has informed that the Share Allotment Committee of Directors of the Company, in their meeting held on April 01, 2009, has allotted 11,537 Equity Shares on exercise of stock options under the Employees Stock Option Scheme 2006 (ESOS) of the Company. The paid up Equity Share Capital of the Company post allotment is Rs 7,63,01,297 Equity Shares of Rs 10 each aggregating Rs 76,30,12,970/-.
Wednesday, April 1, 2009
Substantial Infusion Of Equity Shares By Selling - April 01, 2009
Meanwhile, the BSE Sensex was up 50.01 points, or 0.52%, to 9749.13. On BSE, 14.89 lakh shares were traded in the counter. The scrip had an average daily volume of 39,551 shares in the past one quarter. The stock hit a high of Rs 80 and a low of Rs 68.45 so far during the day. The stock had a 52-week high of Rs 323 on 21 May 2008 and a 52-week low of Rs 67.50 on 13 March 2009.
The stock had underperformed the market over the past one month till 30 March 2009, rise 6.28% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, falling 21.02% as compared to the Sensex's gain of 0.63%.
India's seventh largest pharma company by revenues has an equity capital of Rs 54.72 crore. Face value per share is Rs 5.
The current price of Rs 73.30 discounts the company's Q3 December 2008 annualized EPS of Rs 4.91, by a PE multiple of 14.92.
Wockhardt said it is facing problems in servicing its debt and will undertake a corporate debt restructuring exercise, for which it has roped in ICICI Bank. The firm's promoter Habil Khorakiwala resigned as managing director (MD) on Tuesday, 31 March 2009, but will continue as executive chairman. His son, Murtaza will be the new MD.
The company said it is looking at restructuring its certain businesses and subsidiaries, due to which it has delayed declaring the financial results of the fiscal year ended 31 December 2008. The audit of the annual accounts of the company for the financial year ended December 2008 would be completed by 25 April 2009.
The company's market capitalisation of Rs 936 crore is tiny compared to its debt burden of over Rs 3,000 crore. There is also intense speculation that the company has incurred substantial mark-to-market losses because bets on forex derivatives had gone wrong.
Although the exact quantum of the alleged mark-to-market loss could not be ascertained, media report estimated it between $150 million to $300 million.
The firm will reportedly need substantial infusion of equity by selling subsidiaries, assets or by inducting a strategic partner in the parent company.
Wockhardt's debt stood at Rs 3,777 crore as of 31 December 2008. The company would have to repay Rs 2,370 crore in two years, with about Rs 1,324 crore coming up for repayment in calendar 2009.
Earlier some reports had suggested that French pharma major Sanofi Aventis has had prliminary talks with the promoters of Wockhardt for a possible buy out.
On Tuesday, 31 March 2009, a newspaper report had indicated that Ranbaxy Group's Fortis Healthcare had emerged as a front-runner to acquire a 74% stake in unlisted Wockhardt Hospitals for close to Rs 750 crore.
Wockhardt's net profit declined 77% to Rs 13.43 crore on 20.9% fall in net sales to Rs 416.83 crore in Q3 December 2008 over Q3 December 2007.
Wockhardt specializes in the production of pharmaceuticals in both generic and prescription forms. The company has develop brands in a variety of segments, including anti-infectives, pain & inflammation, cough, psychiatry, medical nutrition, vaccines, active pharmaceutical ingredients and bio-technology.
The stock had underperformed the market over the past one month till 30 March 2009, rise 6.28% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, falling 21.02% as compared to the Sensex's gain of 0.63%.
India's seventh largest pharma company by revenues has an equity capital of Rs 54.72 crore. Face value per share is Rs 5.
The current price of Rs 73.30 discounts the company's Q3 December 2008 annualized EPS of Rs 4.91, by a PE multiple of 14.92.
Wockhardt said it is facing problems in servicing its debt and will undertake a corporate debt restructuring exercise, for which it has roped in ICICI Bank. The firm's promoter Habil Khorakiwala resigned as managing director (MD) on Tuesday, 31 March 2009, but will continue as executive chairman. His son, Murtaza will be the new MD.
The company said it is looking at restructuring its certain businesses and subsidiaries, due to which it has delayed declaring the financial results of the fiscal year ended 31 December 2008. The audit of the annual accounts of the company for the financial year ended December 2008 would be completed by 25 April 2009.
The company's market capitalisation of Rs 936 crore is tiny compared to its debt burden of over Rs 3,000 crore. There is also intense speculation that the company has incurred substantial mark-to-market losses because bets on forex derivatives had gone wrong.
Although the exact quantum of the alleged mark-to-market loss could not be ascertained, media report estimated it between $150 million to $300 million.
The firm will reportedly need substantial infusion of equity by selling subsidiaries, assets or by inducting a strategic partner in the parent company.
Wockhardt's debt stood at Rs 3,777 crore as of 31 December 2008. The company would have to repay Rs 2,370 crore in two years, with about Rs 1,324 crore coming up for repayment in calendar 2009.
Earlier some reports had suggested that French pharma major Sanofi Aventis has had prliminary talks with the promoters of Wockhardt for a possible buy out.
On Tuesday, 31 March 2009, a newspaper report had indicated that Ranbaxy Group's Fortis Healthcare had emerged as a front-runner to acquire a 74% stake in unlisted Wockhardt Hospitals for close to Rs 750 crore.
Wockhardt's net profit declined 77% to Rs 13.43 crore on 20.9% fall in net sales to Rs 416.83 crore in Q3 December 2008 over Q3 December 2007.
Wockhardt specializes in the production of pharmaceuticals in both generic and prescription forms. The company has develop brands in a variety of segments, including anti-infectives, pain & inflammation, cough, psychiatry, medical nutrition, vaccines, active pharmaceutical ingredients and bio-technology.
Mid-Cap Capital Maker Has An Equity Shares - April 01, 2009
Meanwhile, the BSE Sensex was up 112.46 points, or 1.16%, to 9819.76. On BSE, 16.91 lakh shares were traded in the counter. The scrip had an average daily volume of 2.54 lakh shares in the past one quarter. The stock hit a high of Rs 58.85 and a low of Rs 52.30 so far during the day. The stock had a 52-week high of Rs 324 on 6 May 2008 and a 52-week low of Rs 46.25 on 28 November 2008.
The stock had underperformed the market over the past one month till 30 March 2009, falling 7.80% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, sliding 23.27% as compared to the Sensex's gain of 0.63%.
The mid-cap chemicals maker has an equity capital of Rs 31.98 crore. Face value per share is Rs 1. Around 5 lakh shares changed hands at Rs 55 each on BSE. While, 6.42 lakh shares changed hands at Rs 56.20 each on NSE.
On 19 March 2009 Quantum India Fund had offloaded 43.70 lakh shares in the company in a block deal of which Birla Sun Life Insurance Company had bought 24 lakh shares at Rs 52.50 each.
Godrej Industries reported a net loss of Rs 3.39 crore in Q3 December 2008 as compared to net profit of Rs 33.06 crore in Q3 December 2007. Net sales fell 5.5% to Rs 187.17 crore in Q3 December 2008 over Q3 December 2007.
Godrej Industries is India's leading manufacturer of oleo chemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates businesses in medical diagnostics and real estate.
The stock had underperformed the market over the past one month till 30 March 2009, falling 7.80% as compared to the Sensex's 9.19% rise. It had also underperformed the market in the past one quarter, sliding 23.27% as compared to the Sensex's gain of 0.63%.
The mid-cap chemicals maker has an equity capital of Rs 31.98 crore. Face value per share is Rs 1. Around 5 lakh shares changed hands at Rs 55 each on BSE. While, 6.42 lakh shares changed hands at Rs 56.20 each on NSE.
On 19 March 2009 Quantum India Fund had offloaded 43.70 lakh shares in the company in a block deal of which Birla Sun Life Insurance Company had bought 24 lakh shares at Rs 52.50 each.
Godrej Industries reported a net loss of Rs 3.39 crore in Q3 December 2008 as compared to net profit of Rs 33.06 crore in Q3 December 2007. Net sales fell 5.5% to Rs 187.17 crore in Q3 December 2008 over Q3 December 2007.
Godrej Industries is India's leading manufacturer of oleo chemicals and makes more than a hundred chemicals for use in over two dozen industries. It also manufactures edible oils, vanaspati and bakery fats. Besides, it operates businesses in medical diagnostics and real estate.
Laboratories Board Considers Sub-Division Of Equity Shares - April 01, 2009
Anu''s Laboratories Ltd has informed that the Board of directors of the company at its meeting held on 31st March 2009 has, subject to the approval of the shareholders of the Company at the EGM, accorded its approval to the sub-division of the face value of Equity Shares of the Company from Rs 10/- each to Re 1/- each and, accordingly, the Authorised Share Capital of 1,50,00,000 Equity Shares of Rs 10/- each shall be sub-divided into 15,00,00,000 Equity Shares of Re 1/- each and the issued and paid up capital of 1,20,76,000 equity shares of Rs 10/- each in the share capital of the company be sub-divided into 12,07,60,000 equity shares of Re. 1/- each fully paid-up.
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