Himatsingka Seide Ltd has announced the Non-Consolidated Results for the quarter ended on 31-DEC-2008 as follows: Net Sales of Rs.28247.00 Lakhs for the quarter ending on 31-DEC-2008 with Net loss of 3355 Lakhs with an EPS of -3.35 Other Income was at Rs 269 Lakhs and Total expenditure was Rs.27984.00 Lakhs.
AUTOLITIND Limited has announced the Non-Consolidated Results for the quarter ended on 31-DEC-2008 as follows:
Net Sales of Rs.1959 Lakhs for the quarter ending on 31-DEC-2008 with Netprofit of 7 Lakhs with an EPS of .08 Other Income was at Rs 167 Lakhs and Total expenditure was Rs.2027 Lakhs.
KM SUGAR MILLS Limited has announced the Non-Consolidated Results for the quarter ended on 31-DEC-2008 as follows:
Net Sales of Rs.3763 Lakhs for the quarter ending on 31-DEC-2008 with Netprofit of -538 Lakhs with an EPS of -2.92 Other Income was at Rs 12 Lakhs and Total expenditure was Rs.4030 Lakhs.
IFBIND Limited has announced the Non-Consolidated Results for the quarter ended on 31-DEC-2008 as follows:
Net Sales of Rs.14349 Lakhs for the quarter ending on 31-DEC-2008 with Netprofit of 22089 Lakhs with an EPS of 5.94 Other Income was at Rs 95 Lakhs and Total expenditure was Rs.13421 Lakhs.
RUCHI SOYA Limited has announced the Non-Consolidated Results for the quarter ended on 31-DEC-2008 as follows:
Net Sales of Rs.299535 Lakhs for the quarter ending on 31-DEC-2008 with Netprofit of 1138 Lakhs with an EPS of .57 Other Income was at Rs 1417 Lakhs and Total expenditure was Rs.302145 Lakhs.
The Essar group on Monday said that its Aegis BPO has agreed to buy the Nasdaq listed PeopleSupport Inc firm for $250 million (Rs 1,057 crore). This will the eleventh acquisition of Aegis in past four years. The acquisition would result in revenues of $500 million and also employment for about 29,000 people.
Under the terms of the agreement, Aegis will pay shareholders of PeopleSupport $12.25 per share, a 29 per cent premium to the closing share price on August 1, 2008, said a joint statement from the companies. The company person also added that the deal will be funded through internal accruals of the Essar group.
The US company(PeopleSupport Inc) offers customer management, transcription and captioning and additional BPO services for global clients in areas such as travel, consumer, financial services, healthcare and others. It has three delivery centres in the Philippines and one in Costa Rica.
There is strong market rumour going around suggesting that good FII buying can be expected from 1st week of January once the holidays are over. One of the leading brokers has said that, “All the Hedge funds who booked profits in December due to year end closing, are likely to buy back in January”.
Rally is expected in the large cap Nifty stocks. The same broker suggested that traders who wish to take benefit of this upmove should start buying now when the markets are weak to get the maximum benefits of the upside.