Archive

Archive for January, 2009

Sensex today propelled by oil and gas stocks

January 30th, 2009

The BSE Sensex was up 60.61 points to 9,296. The market turned positive after showing weakness in opening trade. Asian markets were trading lower today, as a record crash in Japanese production and lower profit forecasts fueled anxiety among investors.

 Companies like Tata Steel, Hindalco Industries, Bharti Airtel fell by between 0.25% to 1.28%. While, Jaiprakash Associates, Ranbaxy Labs, Sterlite Industries, Reliance Communications rose by between 1.3% to 4.17%.

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Omaxe Limited third quarter financial results

January 30th, 2009

Omaxe Limited has announced the Non-Consolidated   Results for the quarter ended on 31-DEC-2008 as follows:

Net Sales of Rs.180.41 crores for the quarter ending on 31-DEC-2008 with Netprofit of 5.88 crores with an EPS of 0.34 Other Income was at Rs 6.39 crores and Total expenditure was Rs.149.17 crores.

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Finolex Industries Ltd. third quarter financial results

January 30th, 2009

Finolex Industries Ltd has announced the Non-Consolidated   Results for the quarter ended on 31-DEC-2008 as follows:

Net Sales of Rs.461.68 crores  for the quarter ending on 31-DEC-2008 with Net loss of 60.92 Lakhs with an EPS of -4.91 Other Income was at Rs 3.11 crores and Total expenditure was Rs.485.47 Lakhs.

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Welspun Gujarat Stahl Rohren Limited Q3 results

January 30th, 2009

Welspun Gujarat Stahl Rohren Limited has announced the Non-Consolidated   Results for the quarter ended on 31-DEC-2008 as follows:

Net Sales of Rs.1456.63 crores  for the quarter ending on 31-DEC-2008 with Netprofit of 45.31 crores with an EPS of 2.41 Other Income was at Rs 5.03 crores and Total expenditure was Rs.1345.31 crores.

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Dhanalakshmi Bank grows by 60%

January 30th, 2009

Dhanalakshmi Bank today announced its Q3 Results; the bank has given very good numbers as the banks net profit was up at Rs 16.90 crore as compared to Rs 5.53 crores last year.

The bank has reported net interest income of Rs. 37.4 crore Vs 23.05 crore YOY which is up by 62%.

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PNB Net Up 85%, NII up by 38%, Cuts PLR

January 30th, 2009

Punjab National Bank (PNB) today announced its Q3 Results; the bank has given very good numbers as the banks net profit jumped by 85.61%. The Net Profit stood at 1005.8 crore against 541.5 crore in same quarter in last financial year.

The bank has reported net interest income of Rs. 1967.4 crore Vs 1424.4 crore YOY which is up by 38.12%

NIM (Net Interest Income) was at 3.5%

Bank also has cut the PLR by 50 basis Points and deposit rate by 50-100 basis points.

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SENSEX UP 197 Points, Nifty ends at 2874.80

January 30th, 2009

Today stock markets had good day today, Nifty which was facing resitance at  2830-2860 broke toady and closed above these levels.

Nifty opened at week, but with fresh buying coming in Index stocks the Nifty and the Sensex recovered from their lows. CNX Nifty Ended at 2874.80 up by 1.80% and the BSE Sensex closed at 9434 up by 197.

In today trade buying was seen in Reliance Industries and Reliance Capital, even the real easte major DLF done well in today markets.

Top gainer in NIFTY are Hindalco which came with better than expected Q3 results closed up by 7.71% and DLF saw shot covering and closed at 7.53% up at 176.40. HCL TECH up 6.28%, Suzlon up 6.26%

Top Loser in NITY SUNPHARMA down by 6.38% and BHEL 2.79%

Auto major Marui also saw good buying and gained 5.54%, Rcom closed up by 5.40%

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Seven companies line up for take over of Satyam says Tarun Das

January 29th, 2009

A board member of IT services firm said that six to seven companies are ready to take over Satyam computers completely besides the private equity funds it also includes global and Indian IT firms.

 

earlier this week government had appointed Goldman Sachs and Avendus Capital as investment bankers to Satyam Computers, It said that the investment bankers will lookinto this matter seriously and will evaluate their proposals as the process will take a little longer it is expected to be over by next month, However on the other side Mr Tarun Das refused to reveal the names of the companies that are standing as potential suitors for Satyam.  

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Markets end Lower on Jan FNO Expiry Day

January 29th, 2009

On FNO expiry day markets saw some kind of volatility in early trades and drifted downward through out the trading session
CNX Nifty ended 25 points down and BSE Sensex ended 21 points down.

Top gainers of the day are auto stocks MARUTI up by 4.59% and M&M up by 3.92%, TATA Motors up 3.68%

Top loser in the market are DLF down 7%, Cairn India down by 6.91%, HCL TECH down by 4.17%,

Satyam Computer which had its last day in FNO segment (removed from FNO Segment from 30-1-2009) had volatile trading session and closed at 49.95 down by 10.16%

GSFC was up almost 17% on account of good q3 results

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TAINWALCHM Limited third quarter financial results

January 29th, 2009

TAINWALCHM Limited has announced the Non-Consolidated   Results for the quarter ended on 31-DEC-2008 as follows:

Net Sales of Rs.1.70 crores  for the quarter ending on 31-DEC-2008 with Net profit of 62.24 Lakhs with an EPS of .66 Other Income was at Rs 1.24 crores and Total expenditure was Rs.2.56 crores.

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