Q4 Results Calender
April 9th, 2008
10-Apr-2008
IT People Ltd.
Core Projects Ltd.
C&C Construction Ltd.
11-Apr-2008
Spice Communication
Great Offshoure
15-Apr-2008
INFOSYS
16-Apr-2008
TCS
India Bulls Fin
Archive
Archive for April, 2008
Mastek Q3 net profit at Rs 35 cr
April 9th, 2008
Mastek Ltd, has Reported its third quarter numbers. It has posted net profit of Rs 35 crore for the quarter ended March 2008 as against Rs 27.1 crore in previous quarter. Its revenues stood at Rs 239 crore versus Rs 211.7 crore.
The company also said it may do better in the next quater, market reports is that these number are strong as given the Dollar movement and the US slowdown.
The company share price moved up almost 30Rs on bse the movrement results were anounced.
BHEL FY08Q4 Results below market estimate
April 9th, 2008
State owned BHEL which came out with the results on Thursday April 3, 2008. Has reported an q4 results below market expatiations
After the company announced the results the share price fell more than Rs 100 on stock exchanges.
But the market news is that the company has long order book and the fall in this quarter margins was due to provisioning of wages.
Yes Bank Q4 net up 109% at Rs 64.5cr FY08 PAT at 200.02 crore.
April 9th, 2008
Yes Bank has declared its fourth quarter and FY08 results. The bank has reported 108.74% jump in its Q4 net profit of Rs 64.5 crore versus Rs 30.9 crore in the corresponding quarter of previous year. Other income was up at Rs 106 crore versus Rs 78.7 crore.
Net interest income went up at Rs 389 crore versus Rs 202 crore and capital adequacy ratio, CAR stood at 13.64%.
Non performing assets, NPA stood at Rs 8.5 crore. Provisions and contingencies went up 80% at Rs 22.8 crore.
The company has also informed that bank dose not hance any exposure to forex products for the SME secotor
Its Full year (FY08) net profit Up by 111.97% at Rs 200.02 crore as against Rs 94.36 crore.
In the whole the bank has given the good numbers give the market status and lot of speculation on posible MTM loss on forex products.
Steel stocks melts in India
April 2nd, 2008
Steel stocks melts in India
Due to growing inflation and the input cost the steel companies are feel the heat of not increase prices.
Even the Government has asked the steel makers not to increase the prices.
To contain the steel prices the government has already announced the many export curbs and the also cutting the import duties.
On Tuesday the government has asked the steel companies to cut the prices by 10-20% in a month.
Government may also cut the excise on steel form present 14% to 8%
Due such major changes in the government policy the steel major like TATA STEEL, SAIL stocks have come down as per experts the steel stock may under perform for some time.
Videocon Rings Motorola
April 2nd, 2008
India’s leading electronic and consumer goods company VEDEOCON is looking to buy out the Motorola’s mobile business.
As per the leading news papers and the business news channels in India the company has already has appointed words top three investment bankers to convey the companies interest to buy out the mobile business.
Vedeocon which operates the retails chain with more than 1000 outlets under NEXT brand and also started its GSM business with over 6000 core investment.
Right now the Indian mobile market need 120 million units a year and growing demand every day.
Motorola has the market share of around 14% in global headset market just behind SAMSUNG and Nokia