K.P.R Mill reported standalone net profit of Rs 71.25 crore for the year ended March 2011 as compared to Rs 50.18 crore in the same period last fiscal. Net sales were at Rs 965.63 crore as against Rs 788.50 crore.
Tuesday 31 May 2011
Hind Rectifiers results
Hind Rectifiers reported net profit of Rs 6.89 crore for the year ended March 2011 against Rs 4.08 crore in the same period a year ago. Net sales were at Rs 45.39 crore as compared to Rs 28.13 crore last fiscal
Ambika Cotton Mills results
Ambika Cotton Mills reported net profit of Rs 42.44 crore for the year ended March 2011 against Rs 17.63 crore in the same period a year ago. Net sales were at Rs 318.52 crore as compared to Rs 208.07 crore.
Ackruti City results
Ackruti City reported standalone net profit of Rs 171.48 crore for the year ended March 2011 against Rs 173.79 crore a year ago. Net sales were at Rs 425.94 crore as compared to Rs 482.02 crore.
Reliance Capital’s results
Reliance Capital’s standalone net profit for year ended March 2011 was at Rs 229.27 crore against Rs 339.42 crore a year ago. Net sales rose to Rs 1808.81 crore as compared to Rs 2168.73 crore.
Hindalco results
Hindalco reported standalone net profit of Rs 2136.92 crore for the year ended March 31, 2011 as compared to Rs 1915.63 crore in the same period a year ago. Net sales were at Rs 23859.21 crore from Rs 19522.09 crore previous fiscal.
Provogue Results
Provogue reported standalone net profit of Rs 33.40 crore for the year ended March 2011 as compared to Rs 28.35 crore in the same period last fiscal. Total income was at Rs 565.38 crore as against Rs 480.66 crore.
Banco Products Results
Banco Products reported standalone net profit of Rs 11.60 crore for quarter ended March 2011 as compared to Rs 22 crore in the corresponding quarter last fiscal. Total income was at Rs 129.53 crore as against Rs 120.46 crore.
Parsvnath Developers results
Parsvnath Developers reported net profit of Rs 28.09 crore for quarter ended March 2011 against Rs 34.71 crore in the corresponding quarter a year ago. Total income was at Rs 251.96 crore as compared to Rs 358.49 crore
Suryajyoti Spinning Mills Results
Suryajyoti Spinning Mills reported net profit of Rs 36.6 crore for the year ended March 2011 as against Rs 15.83 crore in the corresponding period last fiscal. Net sales were at Rs 269.53 crore as compared to Rs 394.26 crore.
HBL Power Results
HBL Power reported net profit of Rs 19.51 crore for the quarter ended March 2011 as against Rs 21.09 crore in the corresponding quarter last fiscal. Net sales were at Rs 275.55 crore as compared to Rs 299.83 crore
Jyothy Laboratories Results
Jyothy Laboratories reported standalone net profit of Rs 80.26 crore for year ended March 2011 as compared to Rs 80.04 crore in the same period last fiscal. Total income was at Rs 608.01 crore as against Rs 581.59 crore.
Aditya Birla Nuvo Results
Aditya Birla Nuvo reported standalone net profit of Rs 379.69 crore for the year ended March 2011 against Rs 283.40 crore a year ago. Net sales were at Rs 6283.06 crore as compared to Rs 4702.36 crore.
Cummins India results
Cummins India reported standalone net profit of Rs 590.99 crore for the year ended March 2011 against Rs 433.87 crore previous fiscal. Net sales were at Rs 3945.44 crore as compared to Rs 2844.87 crore
Reliance Communications Results
Reliance Communications posted consolidated net profit of Rs 1345.65 crore for the year ended March 2011 against Rs 4655 crore a year ago. Net sales were at Rs 22089.39 crore as compared to Rs 20685.05 crore.
ONGC Results
ONGC reported standalone net profit of Rs 18924 crore for the year ended March 2011 against Rs 16767.55 crore a year ago. Net sales rose to Rs 65841.79 crore as compared to Rs 59987.61 crore previous fiscal.
ONGC is readying for a legal battle over royalty payments for India's biggest oilfield in Rajasthan
State-run ONGC is readying for a legal battle over royalty payments for India's biggest oilfield in Rajasthan no matter the end result of Vedanta Resources' $9.6 billion bid to shop for Cairn India that operates the sphere, government officers said. The dispute has dogged the deal for ten months as a modification in royalty payments system can modification valuations and even threatens to derail the transaction that is predicted to be approved by the govt. with the condition that Cairn accepts ONGC's read on the dispute.
ONGC features a 30% stake within the Rajasthan block however is contractually absolute to pay Cairn's share of royalty. The state-run firm says that the contract conjointly permits ONGC to induce this payment reimbursed from the overall revenue of the sphere before profit is calculated. Cairn strongly opposes this. Senior oil ministry officers and prime ONGC executives have said the royalty obligation of state-run energy firm is value recoverable no matter materialization of the deal and that they would take legal recourse if Cairn disputes it. Even Cairn chief govt Bill Gammell had written to the govt. on April 18 that the deal would "inevitably cause the proposed transaction to fail" if the govt. insisted on conditional approval. ONGC has paid Rs 1,289 crore royalty for crude oil created from the Rajasthan field in 2010-11 and asked the operator Cairn India to create it value recoverable.
Declining to comment, whether or not Cairn has accepted ONGC's demand to treat the levy as value recoverable, company director-finance DK Saraf said; "We have created our position clear (to them)." the govt. conjointly desires Cairn to withdraw arbitration difficult cess payment. this can be not acceptable to Cairn because it would mean surrendering company's right to hunt legal remedies. the govt. desires Cairn to withdraw the arbitration as a pre-condition for approving the deal. Cairn is already engaged in a very legal battle with the govt. and ONGC over its cess liability that features a money implication of regarding $2.9 billion.
ONGC features a 30% stake within the Rajasthan block however is contractually absolute to pay Cairn's share of royalty. The state-run firm says that the contract conjointly permits ONGC to induce this payment reimbursed from the overall revenue of the sphere before profit is calculated. Cairn strongly opposes this. Senior oil ministry officers and prime ONGC executives have said the royalty obligation of state-run energy firm is value recoverable no matter materialization of the deal and that they would take legal recourse if Cairn disputes it. Even Cairn chief govt Bill Gammell had written to the govt. on April 18 that the deal would "inevitably cause the proposed transaction to fail" if the govt. insisted on conditional approval. ONGC has paid Rs 1,289 crore royalty for crude oil created from the Rajasthan field in 2010-11 and asked the operator Cairn India to create it value recoverable.
Declining to comment, whether or not Cairn has accepted ONGC's demand to treat the levy as value recoverable, company director-finance DK Saraf said; "We have created our position clear (to them)." the govt. conjointly desires Cairn to withdraw arbitration difficult cess payment. this can be not acceptable to Cairn because it would mean surrendering company's right to hunt legal remedies. the govt. desires Cairn to withdraw the arbitration as a pre-condition for approving the deal. Cairn is already engaged in a very legal battle with the govt. and ONGC over its cess liability that features a money implication of regarding $2.9 billion.
Indian Oil Corp to raise Petrol Prices
Indian Oil Corp (IOC), country's biggest refiner, could raise petrol rates once more by Rs 1.35 per litre because the fuel remains being sold below market rates, chairman RS Butola said when asserting that the company's internet profit within the last fiscal year fell twenty seventh owing to low state-set fuel costs. State-run Oil & Natural Gas Corp (ONGC), that is forced to sell crude at a reduction to assist state refiners sell fuel low cost, conjointly suffered last year, significantly within the last quarter, when its profit dipped twenty sixth to Rs 2,791 crore. Both corporations are expected to achieve if fuel costs are raised once more. The IOC is currently considering raising petrol costs soon. "Our desired value increase is Rs 1.35 per litre. terribly soon we are going to need to take a read on raising the value," Butola said. IOC's fourth-quarter internet profit fell half-hour to Rs 3,905.16 crore, despite government subsidy payments and obligatory discounts from upstream companies like the ONGC. "Our profit would are higher by 3200 crore for the fiscal year if government had given us subsidy cherish the previous year," RK Goyal, IOC's director for finance told reporters. The company is allowed to boost costs of all fuels except diesel, kerosene and cooking gas, however IOC couldn't raise petrol costs to the extent it needed owing to political pressure, inflicting it a loss of regarding Rs 1,000 crore, IOC officers said.
The IOC conjointly hopes to achieve from higher state-set diesel rates. The empowered panel of ministers, that decides diesel, kerosene and cooking gas rates, is scheduled to satisfy on June nine, and contemplate raising {the costs|the costs} of regulated fuels prices for the primary time in nearly one year. consistent with an IOC estimate, from Tuesday the company's revenue loss in diesel are regarding Rs 12.64 a litre. it'll lose Rs 25.85 a litre on kerosene and Rs 380.57 on a cooking gas cylinder. The ONGC, that has conjointly declared its annual results for 2010-11, had to pay the best ever Rs 24,892 crore upsteam discounts to a few state-run oil selling companies - IOC, BPCL and HPCL - to stay them profitable. "We paid Rs 12,136 crore in fuel subsidy compensation in this fall compared to Rs 4,999 crore within the same amount the previous fiscal," ONGC acting chairman & managing director A K Hazarika told reporters.
Despite higher subsidy burden the corporate reported a a hundred and thirtieth growth in its internet profit for 2010-11 at Rs 18,924 crore, he said. except for the subsidies, ONGC's internet profit ought to are higher by Rs 14,247 crore within the full fiscal. ONGC director for offshore operations, Sudhir Vasudeva said the corporate was expected to ramp up its crude oil production by 3.5 million tonne in 2013-14. The company's crude oil production had marginally declined at twenty 4.42 million tonne in 2010-11 from twenty 4.67 million tonne within the previous year as a result of ageing oil fields. however its gas output was virtually flat at twenty 3.09 billion cubic meter.
The IOC conjointly hopes to achieve from higher state-set diesel rates. The empowered panel of ministers, that decides diesel, kerosene and cooking gas rates, is scheduled to satisfy on June nine, and contemplate raising {the costs|the costs} of regulated fuels prices for the primary time in nearly one year. consistent with an IOC estimate, from Tuesday the company's revenue loss in diesel are regarding Rs 12.64 a litre. it'll lose Rs 25.85 a litre on kerosene and Rs 380.57 on a cooking gas cylinder. The ONGC, that has conjointly declared its annual results for 2010-11, had to pay the best ever Rs 24,892 crore upsteam discounts to a few state-run oil selling companies - IOC, BPCL and HPCL - to stay them profitable. "We paid Rs 12,136 crore in fuel subsidy compensation in this fall compared to Rs 4,999 crore within the same amount the previous fiscal," ONGC acting chairman & managing director A K Hazarika told reporters.
Despite higher subsidy burden the corporate reported a a hundred and thirtieth growth in its internet profit for 2010-11 at Rs 18,924 crore, he said. except for the subsidies, ONGC's internet profit ought to are higher by Rs 14,247 crore within the full fiscal. ONGC director for offshore operations, Sudhir Vasudeva said the corporate was expected to ramp up its crude oil production by 3.5 million tonne in 2013-14. The company's crude oil production had marginally declined at twenty 4.42 million tonne in 2010-11 from twenty 4.67 million tonne within the previous year as a result of ageing oil fields. however its gas output was virtually flat at twenty 3.09 billion cubic meter.
Monday 30 May 2011
Camlin buy Now
Camlin promoters are planning to sell some stake to Japan’s Kokuyo Company at Rs 110-115 per share. Buy now for good gains
NMDC Results
NMDC reported net profit of Rs 20.98 crore for the quarter ended March 2011 as against Rs 10.65 crore in the corresponding quarter a year ago. Net sales were at Rs 37.69 crore as compared to Rs 19.83 crore
JK Cement results
JK Cement reported net profit of Rs 53.55 crore for quarter ended March 2011 as compared to Rs 43.90 crore in the same period a year ago. Total income was at Rs 679.70 crore as against Rs 543.28 crore
Kamdhenu Ispat results
Kamdhenu Ispat reported net profit of Rs 2.84 crore for the year ended March 2011 as compared to Rs 1.93 crore in the same period a year ago. Total income was at Rs 383.13 crore as against Rs 368.92 crore
Mahindra & Mahindra results
Mahindra & Mahindra posted net profit of Rs 606.54 crore for the quarter ended March 31, 2011 as compared to Rs 570.26 crore in the same quarter a year ago. Total Income increased to Rs 6825.57 crore from Rs 5322.75 crore
Simplex Infrastructure results
Simplex Infrastructure reported net profit of Rs 36.98 crore for the quarter ended March 2011 against Rs 45.93 crore in the corresponding quarter a year ago. Net sales were at Rs 1365.38 crore as compared to Rs 1250.98 crore
Indian Oil Corporation Results
Indian Oil Corporation reported standalone net profit of Rs 7445.48 crore for the year ended March 2011 against Rs 10220.55 crore a year ago. Net sales increased to Rs 302954.37 crore from Rs 250894.44 crore.
Unitech Results
Unitech’s net profit for year ended 2011 fell to Rs 567.66 crore, down 16 per cent from Rs 675.05 crore a year ago. Total income was at Rs 3187.09 crore for the 2011 period as compared to Rs 2956.84 crore a year ago
Pipavav Shipyard Results
Pipavav Shipyard reported standalone net profit of Rs 39.77 crore for the year ended 2011 as compared to loss of Rs 48.82 crore. Total income was at Rs 867.61 crore as against Rs 629.38 crore in the same period a year ago.
Tata Motor Results
Tata Motors reported that its full-year profit more than trebled, driven by a strong performance of British luxury brands, Jaguar and Land Rover. India's largest truck and bus maker posted a consolidated net profit of Rs 9,274 crore for the fiscal year ended March, compared with Rs 2,571 crore a year ago.
Ansal Properties & Infrastructure Results
Ansal Properties & Infrastructure reported standalone net profit of Rs 76.15 crore for the year ended March 2011 against Rs 67.32 crore a year ago. Net sales were at Rs 1051.01 crore compared to Rs 698.09 crore
Core Projects and Technologies Results
Core Projects and Technologies reported standalone net profit of Rs 123.70 crore for the year ended March 2011 against Rs 111.84 crore a year ago. Net sales were at Rs 515.59 crore as against Rs 417.95 crore.
Crompton Greaves has acquired US-based QEI Inc
Crompton Greaves has acquired US-based QEI Inc. at an enterprise value equivalent to $ 30 million. The company will make an upfront payment of $24 million and remaining $6 million will be paid as a conditional “Earn-Out” amount
Gujarat State Petronet results
Gujarat State Petronet reported standalone net profit of Rs 506.38 crore for the year ended March 2011 against Rs 413.76 crore a year ago. Net sales were at Rs 1039.10 crore for the year against Rs 991.97 crore last fiscal.
Polaris Gets Order from RBI
The Reserve Bank of India has chosen Polaris to implement its Intellect Core Banking System across the bank. The end-to-end implementation includes system integration and maintenance of software for a period of ten years. The deal is valued at $ 55 million.
Reliance Communications has drawn final tranche from China Development Bank
Reliance Communications has drawn final tranche of Rs 1,200 crore ($ 266 million) from China Development Bank underwritten facility of Rs 8,700 crore
Va Tech Wabag Results
Va Tech Wabag reported standalone net profit of Rs 39.10 crore for quarter ended March 2011 as compared to Rs 35.32 crore in the corresponding quarter a year ago
Reliance Power Results
Reliance Power reported consolidated net profit of Rs 760.44 crore for the year ended March 2011 against Rs 683.89 crore a year ago. Net sales were at Rs 1054.76 crore for the year against Rs 20.72 crore.
Educomp Solutions has tied-up with Universal Learn
Educomp Solutions has tied-up with Universal Learn to jointly facilitate setting up of 30 Vasant Valley Schools across India
Gitanjali Gems results
Gitanjali Gems reported net profit of Rs 224.60 crore for the year ended March 2011 against Rs 142.09 crore in the same period a year ago. Net sales were at Rs 5122.47 crore as compared to Rs 3354.97 crore
Havells Results
Havells India reported net profit of Rs 242.05 crore for the year ended March 2011 against Rs 228.16 crore a year ago. Net sales were at Rs 2881.65 crore as compared to Rs 2473.52 crore.
Saturday 28 May 2011
Tata Chemical and US Potash maker deal
Tata chemical had acquired ownership of US based Potash Miner EPM Mining Ventures.
Max India FY-11 Results
Max India comes back into profit for year 2011 with net profit of 9 crore against loss of 72 crore for previous year 2010, Profits are led by higher revenues from healtcare and speciality plastics business grew exponentially.
Banks to Resolve ATM Compliants within 7 days
Banks to Resolve ATM Compliants within 7 days instead of 12 days as new guidelines issued by RBI
BGR Energy Results
BGR Energy systems ltd. Reports results for this year are Income-55%
EBIDTA-58%
EPS-61%
PAT-61%
EBIDTA-58%
EPS-61%
PAT-61%
DE Shaw-RIL JV To offer full fledge Financial Services
DE Shaw-RIL JV to offer full fledged Financial services from algorithmic trading to lending, retail brokrage and asset management informed by Director DE Shaw Louis Salkind
Speak ASIA Accounts sealed
Speak asia accounts sealed in India and Singpore UOB Banks, and co. Many officers are under arrest investors will loose money now
Mphasis Feb-Apr profit falls
HP owned Mphasis said the co. Profit for quarter end April dropped 18.7% to 219.29 crore.
In previous quarter Mphasis reported net profit of 227 crore
In previous quarter Mphasis reported net profit of 227 crore
Cairn Vedanta deal approved by GoM
Cairn Vedanta deal of about 10 billion dollars approved by GoM,Deal will be now approved by CCEA
HPCL Q4 RESULTS
HPCL reported a 48% jump in net profit for the quarter ended March 31,2011 on High refinery Margins, HPCL Profit is 1122.66 crore against 757.53 crore in the same quarter previous year.For 2010-11 quarter profit rose 18.2% year to 1539 crore
Engineers India Q4 Results
EIL reported a 32.54% growth in net profit at Rs. 165.57 crore for quarter ended March 31,2011. Co. Income from operations rose to 946.53 crore against 640.33 crore in the same period previous year
Aban Offshore FY11 Results
Aban Offshore FY11 net Dips 53.39% in its consolidated net profit at Rs. 144.94 crore for year 2010-11 for 2009-10 profit was at 311 crore
Thursday 26 May 2011
Govt. to Sell 74% Stake in HMT Bearings
The government is considering to dump up to 74% stake in HMT Bearings (HBL) and is additionally longing for joint venture partners in another public sector enterprises (PSEs) in an exceedingly bid to revive sick units. “The government has invited expression of interest for joint venture partner in Tungabhadra Steel product, Triveni Structural, Nepa and Hindustan Cables, which can have a control on government’s equity in these PSEs,” minister of state for significant business and public enterprises Arun Yadav said in reply to a question in Lok Sabha. “Disinvestment up to seventy four equity in HMT (Bearing) is additionally into account of the govt.,” he added.
HMT holds 97% stake in HBL, that was found out in 1964 and manufactures ball and roller bearings. the govt. has provided a funding of Rs five,521.73 crore for twelve units, together with HMT Bearings, Andrew xmas & Co, Bridge and Roof Co, significant Engineering Corporation and Braithwaite and Co. The department of significant business is additionally examining the chance of revival of Nepa through the disinvestment route, Mr Yadav said. However, the govt. doesn't have any fastened target to revive sick units within the current 5 Year set up amount or within the current monetary year. So far, the department has submitted twenty seven loss-making PSE cases to the Board for Reconstruction of Public Enterprises (BRPSE), that has given its recommendations in all cases. Out of those twenty seven PSEs, the govt. has approved revival or restructuring for fifteen PSEs and joint ventures or closure for four. “The profit creating corporations are being strengthened by providing bigger autonomy and also the loss creating CPSEs are being thought-about for revival/closure,” Mr Yadav said
HMT holds 97% stake in HBL, that was found out in 1964 and manufactures ball and roller bearings. the govt. has provided a funding of Rs five,521.73 crore for twelve units, together with HMT Bearings, Andrew xmas & Co, Bridge and Roof Co, significant Engineering Corporation and Braithwaite and Co. The department of significant business is additionally examining the chance of revival of Nepa through the disinvestment route, Mr Yadav said. However, the govt. doesn't have any fastened target to revive sick units within the current 5 Year set up amount or within the current monetary year. So far, the department has submitted twenty seven loss-making PSE cases to the Board for Reconstruction of Public Enterprises (BRPSE), that has given its recommendations in all cases. Out of those twenty seven PSEs, the govt. has approved revival or restructuring for fifteen PSEs and joint ventures or closure for four. “The profit creating corporations are being strengthened by providing bigger autonomy and also the loss creating CPSEs are being thought-about for revival/closure,” Mr Yadav said
The government is considering to dump up to seventy four stake in HMT Bearings (HBL) and is additionally longing for joint venture partners in another public sector enterprises (PSEs) in an exceedingly bid to revive sick units. “The government has invited expression of interest for joint venture partner in Tungabhadra Steel product, Triveni Structural, Nepa and Hindustan Cables, which can have a control on government’s equity in these PSEs,” minister of state for significant business and public enterprises Arun Yadav said in reply to a question in Lok Sabha. “Disinvestment up to seventy four equity in HMT (Bearing) is additionally into account of the govt.,” he added. HMT holds ninety seven stake in HBL, that was found out in 1964 and manufactures ball and roller bearings. the govt. has provided a funding of Rs five,521.73 crore for twelve units, together with HMT Bearings, Andrew xmas & Co, Bridge and Roof Co, significant Engineering Corporation and Braithwaite and Co. The department of significant business is additionally examining the chance of revival of Nepa through the disinvestment route, Mr Yadav said. However, the govt. doesn't have any fastened target to revive sick units within the current 5 Year set up amount or within the current monetary year. So far, the department has submitted twenty seven loss-making PSE cases to the Board for Reconstruction of Public Enterprises (BRPSE), that has given its recommendations in all cases. Out of those twenty seven PSEs, the govt. has approved revival or restructuring for fifteen PSEs and joint ventures or closure for four. “The profit creating corporations are being strengthened by providing bigger autonomy and also the loss creating CPSEs are being thought-about for revival/closure,” Mr Yadav said
Most Valuable tips for Earning Money from Stock Market
You need to grasp some “unforgettable basics” before you enter the globe of investing in stocks.
The stock market may be a field dominated by savvy investors who understand the ins-and-outs of the market. For folks that don't seem to be “on the inside”, the stock market will be a awfully dangerous place.
Don't even regarding|contemplate|take into account} "tips" that tell you about "hot stocks". take into account the source: There are many of us within the market who place in all their time and energy in promoting sure stocks. they are doing this as a result of they need their cash invested in those stocks. If will|they will|they'll} get enough folks to shop for the stock and that they can get the stock value to rise, they're going to sell the stock for a large value, the stock value can crash and that they can walk off to market another stock.
Always use your own brain:
It's extraordinarily vital. you want to invariably use your own brain. hoping on the recommendation of others, notwithstanding how well intentioned it should be, is nearly invariably an entire disaster. confirm you dig in and very examine the "facts regarding the companies" before you invest. Ignore press releases that have little or no substance, and place confidence in "hype" to inform the company's story.
And finally the foremost vital tip!!!
Only invest cash you'll be able to afford to lose!! certain this can be a basic purpose, however several many of us miss it. you ought to solely invest cash that you just will honestly afford to lose!! everybody enters into investments with the thought of earning huge profits, however in several cases, this never works. (Especially if you're new to investing within the stock market!)Please perceive that the on top of tips are tips for beginners. Once you actually get into the stock market you are doing not have to be compelled to follow these rules anymore. however if you're a replacement investor, you want to follow these rules. they're for your own safety. But nonetheless, nothing comes free. Everything includes a value. you'll ought to loose some cash, build some unhealthy choices and then solely can you actually perceive the market. you can not perceive the market by simply gazing it from so much. By following these rules, you'll primarily not loose too much!
The stock market may be a field dominated by savvy investors who understand the ins-and-outs of the market. For folks that don't seem to be “on the inside”, the stock market will be a awfully dangerous place.
Don't even regarding|contemplate|take into account} "tips" that tell you about "hot stocks". take into account the source: There are many of us within the market who place in all their time and energy in promoting sure stocks. they are doing this as a result of they need their cash invested in those stocks. If will|they will|they'll} get enough folks to shop for the stock and that they can get the stock value to rise, they're going to sell the stock for a large value, the stock value can crash and that they can walk off to market another stock.
Always use your own brain:
It's extraordinarily vital. you want to invariably use your own brain. hoping on the recommendation of others, notwithstanding how well intentioned it should be, is nearly invariably an entire disaster. confirm you dig in and very examine the "facts regarding the companies" before you invest. Ignore press releases that have little or no substance, and place confidence in "hype" to inform the company's story.
And finally the foremost vital tip!!!
Only invest cash you'll be able to afford to lose!! certain this can be a basic purpose, however several many of us miss it. you ought to solely invest cash that you just will honestly afford to lose!! everybody enters into investments with the thought of earning huge profits, however in several cases, this never works. (Especially if you're new to investing within the stock market!)Please perceive that the on top of tips are tips for beginners. Once you actually get into the stock market you are doing not have to be compelled to follow these rules anymore. however if you're a replacement investor, you want to follow these rules. they're for your own safety. But nonetheless, nothing comes free. Everything includes a value. you'll ought to loose some cash, build some unhealthy choices and then solely can you actually perceive the market. you can not perceive the market by simply gazing it from so much. By following these rules, you'll primarily not loose too much!
Reliance MediaWorks think abour Rights Issue
Reliance MediaWorks, a district of Anil Ambani-led Reliance cluster , nowadays said it's coming up with a rights issue of equity shares that its board can meet on might twenty eight to think about the proposal.In a filing to the Bombay Stock Exchange , the corporate said its board of administrators also will contemplate and approve audited money results for the year ended March thirty one, 2011.
"The meeting of board of administrators are going to be prevailed might twenty eight, 2011, to think about the difficulty of equity shares of the corporate to the shareholders of the corporate on rights basis," the filing said.Rights issue is an possibility for a corporation to boost further capital by issuing new shares to the present shareholders.When contacted Reliance MediaWorks spokesperson declined to share details, stating it'll be announced solely once the board meeting.
"The meeting of board of administrators are going to be prevailed might twenty eight, 2011, to think about the difficulty of equity shares of the corporate to the shareholders of the corporate on rights basis," the filing said.Rights issue is an possibility for a corporation to boost further capital by issuing new shares to the present shareholders.When contacted Reliance MediaWorks spokesperson declined to share details, stating it'll be announced solely once the board meeting.
Coal India Q4 Results
Coal India posted net profit of Rs 10867.35 crore for the year ended March 31, 2011 as compared to Rs 9622.44 crore a year ago. Total income increased to Rs 55029.88 crore from Rs 49515.89 crore.
Sujana Towers Q4 Results
Sujana Towers reported net profit of Rs 14.37 crore for quarter ended March 2011 as against Rs 4.71 crore in the corresponding quarter a year ago. Total income was at Rs 406.65 crore as compared to Rs 235.15 crore.
Cairn India Results
Cairn India posted standalone net loss of Rs (26.920 crore for the quarter ended March 31, 2011 as compared to net loss of Rs 82.45 crore in the corresponding quarter a year ago. Total income slipped to Rs 27.48 crore from Rs 31.54 crore.
Gujarat Alkalies and Chemicals Q4 Results
Gujarat Alkalies and Chemicals reported standalone net profit of Rs 114.31 crore for the year ended March 2011 against Rs 171.84 crore a year ago. Net sales were at Rs 1423.17 crore against Rs 1278.08 crore.
Shreyas Shipping Results
Shreyas Shipping reported consolidated net profit of Rs 12.78 crore for the year ended March 2011 as against loss of Rs 15.71 crore a year ago. Revenues increased to Rs 192.96 crore as compared to Rs 150.05 crore.
Shriram EPC Results
Shriram EPC reported net profit of Rs 69.61 crore for quarter ended March 2011 as compared to Rs 44.66 crore a year ago. Total income was at Rs 1315.87 crore as against Rs 1114.56 crore.
PTC india Results
PTC India reported net profit of Rs 37.02 crore for the year ended March 2011 as against Rs 25.48 crore a year ago. Total Income stood at Rs 104 crore for the fiscal ended 2011.
Engineers India Results
Engineers India reported standalone net profit of Rs 522.51 crore for the year ended March 2011 against Rs 435.57 crore in the same period a year ago. Net sales were at Rs 2823.28 crore as compared to Rs 1993.79 crore
Dhanlaxmi Bank approves issue of equity shares
The company board has approved issue of up to 2.07 cr equity shares at a price of Rs 140 per share
Zee Entertainment Enterprises and Star are going to form 50:50 JV for distributing channels
Zee Entertainment Enterprises and Star are going to form 50:50 JV for distributing channels. The new JV will have combined revenue of over Rs 2,000 crore. The distribution JV is between Zee Turner and Star Den
Zee Entertainment said that distribution JV has been named "Media Pro Enterprise".
Zee Entertainment said that distribution JV has been named "Media Pro Enterprise".
Suven Life gets 4 PDT patents
Suven Life Sciences touched an intraday high of Rs 21.05 and an intra-day low of Rs 20.
The company has four PDT patents from Korea, New Zealand, Australia and Europe
There were pending obtain orders of twenty nine,745 shares, with no sellers out there. it had been trading with volumes of fourteen,744 shares.In the previous trading session, the share closed down 0.25% or Rs 0.05 at Rs 20.05.
The company has four PDT patents from Korea, New Zealand, Australia and Europe
There were pending obtain orders of twenty nine,745 shares, with no sellers out there. it had been trading with volumes of fourteen,744 shares.In the previous trading session, the share closed down 0.25% or Rs 0.05 at Rs 20.05.
IPCA get Top billing from CLSA
CLSA has initiate with an ‘outperform’ rating for Ipca Laboratories with a 12-month value target of Rs 365. The stock currently trades at Rs 311, up by third-dimensional over the previous shut. Following are the detailed appraisal of the broking firm on Ipca’s this fall results and therefore the logic behind the rating.Ipca Laboratories is creating a decent run within the share markets Ali Jarekji/Reuters•
A splendid show by branded export formulations (74% growth year-on-year) helped the corporate post a twenty ninth web sales growth throughout constant amount.• The solid numbers principally tracked the Asian and Latin yank markets. It additionally got a leg-up from an occasional base of the Russian market, that had a weak fourth quarter last year.
• Full-year domestic growth was sixteen.5%, beyond the trade average.Domestic growth is anticipated to collect steam, going forward, because the company has added substantial field force throughout the year.• higher product combine and a better proportion of formulations were countered by a half-hour y-o-y increase in overheads (Indore SEZ has not contributed a lot of to the topline though it added Rs twenty two crore to the expenditure head)
.• Forex gains of Rs forty three.4 crore came as an enormous support.• The company’s operating profit is anticipated to strengthen, going forward, as utilisation of Indore SEZ perked up and growth from domestic formulations went up with an addition of over 5000 personnel.• The upside for the corporate will return from potential massive tender wins in anti-malarial finished fastened dose phase.• IPCA trades at a pretty thirteen.5 times forward earning estimates (of CLSA). However, profit growth may be lower as FY11 had a forex gain of Rs forty three.4 crore.
A splendid show by branded export formulations (74% growth year-on-year) helped the corporate post a twenty ninth web sales growth throughout constant amount.• The solid numbers principally tracked the Asian and Latin yank markets. It additionally got a leg-up from an occasional base of the Russian market, that had a weak fourth quarter last year.
• Full-year domestic growth was sixteen.5%, beyond the trade average.Domestic growth is anticipated to collect steam, going forward, because the company has added substantial field force throughout the year.• higher product combine and a better proportion of formulations were countered by a half-hour y-o-y increase in overheads (Indore SEZ has not contributed a lot of to the topline though it added Rs twenty two crore to the expenditure head)
.• Forex gains of Rs forty three.4 crore came as an enormous support.• The company’s operating profit is anticipated to strengthen, going forward, as utilisation of Indore SEZ perked up and growth from domestic formulations went up with an addition of over 5000 personnel.• The upside for the corporate will return from potential massive tender wins in anti-malarial finished fastened dose phase.• IPCA trades at a pretty thirteen.5 times forward earning estimates (of CLSA). However, profit growth may be lower as FY11 had a forex gain of Rs forty three.4 crore.
Trent Recommends Dividend
Trent Ltd has informed BSE that the Board of administrators of the corporate at its meeting stayed could twenty five, 2011, inter alia, have approved the following:1. counseled payment of Dividend @ seventy fifth i.e. Rs. 7.50 per Equity Share of Rs. 10/- every on a pair of,00,56,877 Equity Shares, for approval by the shareholders.2. Also, counseled payment of dividend @ zero.1% once a year i.e. 1.02 paise per CCPS Series A of Rs. 10/- every on forty four,51,414 CCPS Series A from the date of allotment, i.e. August 28, 2010 and up to the date on that the CCPS Series A are compulsorily and automatically converted into one totally paid up Equity share of Rs. 10 each i.e. September 01, 2011.The dividend on CCPS Series A are going to be paid among thirty days once identical has been approved by the shareholders at the forthcoming Annual General Meeting as per the Letter of provide. A record date are going to be fastened at a later date in consultation with the Stock Exchanges to establish who would be eligible for the allotment of the totally paid up equity shares and also the payment of dividend.3. Also, counseled payment of Dividend @ zero.1% i.e. Re. one per Redeemable Preference Share of Rs. 1000/- every, on 70,000 Preference Shares, for approval by the shareholders
India pledges $5.7bn to Africa to outshine China
The second Africa-India summit ended on Wednesday at Addis Ababa, Ethiopia, with India committing USD five.7 billion, over ensuing 3 years in monetary help to African nations. the main focus now's on keeping the guarantees created by India, reports CNBC-TV18’s Siddharth Zarabi who is travelling with Prime Minister Manmohan Singh on his six-day visit to Africa India doles out sops to Africa, announces credit lineWith some Indian led comes in Africa failing to realize the specified results, Manmohan Singh pointed reference to India's new resolve to confirm it doesn't get overshadowed by a additional aggressive Chinese effort underway within the continent.
The strategy adopted by India is to expand its influence in Africa with the growing wants like energy security, commodities and therefore the growing domestic business. As China beings huge investments in Africa, India is ready to concentrate on capability building, coaching and education within the world's largest rising economies. India must speed up within the race with China in Africa and going by the PM’s announcement it looks take the Chinese aggression head on.
The strategy adopted by India is to expand its influence in Africa with the growing wants like energy security, commodities and therefore the growing domestic business. As China beings huge investments in Africa, India is ready to concentrate on capability building, coaching and education within the world's largest rising economies. India must speed up within the race with China in Africa and going by the PM’s announcement it looks take the Chinese aggression head on.
Tata Steel Results
Tata Steel has announced its FY11 results. the corporate FY11 consolidated web profit was at Rs eight,983 crore versus web loss of Rs two,009 crore.Its consolidated web sales were up at Rs one.17 lakh crore versus Rs one.02 Lakh crore.Its cash, bank balances were at Rs ten,893 crore as on March thirty one.Its web debt was at Rs forty six,632 crore as on March thirty one.Its this autumn consolidated EBITDA margins was at thirteen.9% versus nineteen.4%, YoY.Its this autumn consolidated EBITDA was at USD one.05 billion versus USD one.12 billion, YoY.The company recorded EBITDA of Rs seventeen,103 crore (USD three,836 million) for the complete year, eighty three on top of the EBITDA of Rs nine,340 crore (USD two,095 million) in FY10.
The Indian operations’ profit once tax of Rs vi,866 crore (USD one,540 million) and EBITDA of Rs twelve,225 crore (USD two,742 million) were the best ever on the rear of upper volumes, improved product-mix and better realisations. The European operations recorded strong improvement, posting an EBITDA of Rs four,204 crore (USD 943 million), a rise of Rs five,555 crore (USD one,246 million) over FY’10. Higher sales and realisations together with cost-cutting measures, initiated within the aftermath of the monetary crisis, lay behind this performance. However, the Long product business continues to face important challenges and also the company accordingly announced restructuring initiatives earlier this month. The sale of Teesside forged product (a slab producing facility mothballed in February two010) was completed in March 2011 in an exceedingly deal valuing the business at Rs 2,091 crore (USD 469 million). Net debt at the top of March 2011 at Rs forty six,632 crore (USD ten.46 billion) fell from Rs fifty two,836 crore (USD eleven.85 billion) at the top of the previous quarter. The 2.9 million TPA brownfield growth in Jamshedpur is progressing on schedule. the corporate has conjointly begun website work on its Greenfield project in Odisha. The Board of administrators of the corporate has counseled a dividend of Rs twelve per equity share for the monetary year ended March 2011.
The Indian operations’ profit once tax of Rs vi,866 crore (USD one,540 million) and EBITDA of Rs twelve,225 crore (USD two,742 million) were the best ever on the rear of upper volumes, improved product-mix and better realisations. The European operations recorded strong improvement, posting an EBITDA of Rs four,204 crore (USD 943 million), a rise of Rs five,555 crore (USD one,246 million) over FY’10. Higher sales and realisations together with cost-cutting measures, initiated within the aftermath of the monetary crisis, lay behind this performance. However, the Long product business continues to face important challenges and also the company accordingly announced restructuring initiatives earlier this month. The sale of Teesside forged product (a slab producing facility mothballed in February two010) was completed in March 2011 in an exceedingly deal valuing the business at Rs 2,091 crore (USD 469 million). Net debt at the top of March 2011 at Rs forty six,632 crore (USD ten.46 billion) fell from Rs fifty two,836 crore (USD eleven.85 billion) at the top of the previous quarter. The 2.9 million TPA brownfield growth in Jamshedpur is progressing on schedule. the corporate has conjointly begun website work on its Greenfield project in Odisha. The Board of administrators of the corporate has counseled a dividend of Rs twelve per equity share for the monetary year ended March 2011.
Camlin Ltd - Board recommends Dividend
Camlin Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 25, 2011, inter alia, has recommended a Dividend Re. 0.25 per Share i.e. 25% on 6,10,64,537 Equity Shares of Re. 1/- each
Reliance Industries Free to Decide Gas prices for Non Core Users
The government has determined to provide gas at regulated rates solely to a number of top-priority shoppers - a move that may grant Reliance Industries substantial pricing freedom and boost the government's share of revenue from the KG-D6 field when output rises. The new system is being puzzled out by the govt in response to the steep fall in output from Reliance Industries KG-D6 gas field.
The shortfall has prompted the oil ministry to order Reliance to chop provides to "non-core" sectors like steel to assist power and fertiliser plants get traditional provide. Steel firms have already challenged the order in court, however the proposed new pricing policy can check that that such customers pay market rates for gas when it's out there. Reliance Industries needs to observe information from the D-6 reservoir for a number of quarters before it takes steps to ramp up production to traditional. In the new pricing regime, gas at the regulated worth of $4.2 per unit would be provided just for use in creating fertilisers, subsidised cooking gas, town gas networks and power stations that don't from lucrative open-market sale, 2 government officers said requesting anonymity. Natural gas could be a scarce commodity in India, and therefore the solely fast different to Reliance's gas is liquefied natural gas (LNG) that has been imported at over $12 per unit within the spot market in recent weeks. If Reliance is ready to ramp up output to traditional, a minimum of 1/2 its identified customers would be denied low-cost gas on the grounds that the government's pricing policy shouldn't boost company profits with none gains for the general public. The officers said that a steep decline in RIL's KG-D6 gas output had forced the govt to limit its provide to priority sectors and had conjointly raised the question on why low-cost gas ought to be given to firms for maximising profits.
The RIL-operated block's current output is concerning 48-49 million customary cubic meters per day (mmscmd) that is well wanting sixty nine.8 mmscmd as per the govt approved arrange. The oil ministry has the authority to limit gas provide to non-core industries immediately however the problem of gas costs is taken up solely by the empowered cluster of ministers (EGoM), officers said. The EGoM, that is that the final word on gas pricing and its utilisation, had chalked out priority shoppers for RIL's KG gas and had fastened its worth at $4.2 per unit for 5 years that might expire in two014. Oil ministry officers confirmed the developments.
The shortfall has prompted the oil ministry to order Reliance to chop provides to "non-core" sectors like steel to assist power and fertiliser plants get traditional provide. Steel firms have already challenged the order in court, however the proposed new pricing policy can check that that such customers pay market rates for gas when it's out there. Reliance Industries needs to observe information from the D-6 reservoir for a number of quarters before it takes steps to ramp up production to traditional. In the new pricing regime, gas at the regulated worth of $4.2 per unit would be provided just for use in creating fertilisers, subsidised cooking gas, town gas networks and power stations that don't from lucrative open-market sale, 2 government officers said requesting anonymity. Natural gas could be a scarce commodity in India, and therefore the solely fast different to Reliance's gas is liquefied natural gas (LNG) that has been imported at over $12 per unit within the spot market in recent weeks. If Reliance is ready to ramp up output to traditional, a minimum of 1/2 its identified customers would be denied low-cost gas on the grounds that the government's pricing policy shouldn't boost company profits with none gains for the general public. The officers said that a steep decline in RIL's KG-D6 gas output had forced the govt to limit its provide to priority sectors and had conjointly raised the question on why low-cost gas ought to be given to firms for maximising profits.
The RIL-operated block's current output is concerning 48-49 million customary cubic meters per day (mmscmd) that is well wanting sixty nine.8 mmscmd as per the govt approved arrange. The oil ministry has the authority to limit gas provide to non-core industries immediately however the problem of gas costs is taken up solely by the empowered cluster of ministers (EGoM), officers said. The EGoM, that is that the final word on gas pricing and its utilisation, had chalked out priority shoppers for RIL's KG gas and had fastened its worth at $4.2 per unit for 5 years that might expire in two014. Oil ministry officers confirmed the developments.
Wednesday 25 May 2011
Smartlink Network Systems has surged 104.80% within the last 3 months
Leading networking firm Smartlink Network Systems has surged 104.80% within the last 3 months. the corporate announced its this autumn earnings when trading hours yesterday. It counseled a dividend of Rs a pair of per equity share for the money year 2010-11. The Board of administrators additionally declared a special interim dividend of Rs thirty per share. Today, the scrip touched a 52-week high of Rs a hundred.60. Today’s stock performance:The share gained nineteen.68% or Rs sixteen.50 to finish at Rs a hundred.35 on the BSE. It touched an intraday high of Rs a hundred.60 and an intraday low of Rs ninety two. there have been pending purchase orders of forty three,484 shares, with no sellers accessible. the full traded volumes were of two,023,408 shares. Its market capitalisation stood at Rs 301.85 crore. The company's trailing 12-month (TTM) EPS was at Rs four.96 per share. The stock's price-to-earnings (P/E) ratio was twenty.28. the newest book worth of the corporate is Rs fifty one.59 per share. At current worth, the price-to-book worth of the corporate is one.95. The dividend yield of the corporate is a pair of.49%.Recent news:The company recently completed the sale of its Digilink business to Schneider electrical India for Rs 503 crore.FY11 results:The company's revenue was up one hundred and thirtieth at Rs 195 crore versus Rs 173 crore. Its profit when tax (PAT) was down five.6% at Rs twenty four crore versus Rs thirty three crore. Its total expenditure was up one hundred and eightieth at Rs 179 crore versus Rs 152 crore
Scooters India Results
Q4 net loss at Rs 1.3 crore versus loss of Rs 8.1 crore. Its revenue at Rs 51 crore versus Rs 39 crore
Power Grid Corp of India can invest concerning 185 billion rupees ($4.1 billion) in FY12
State-run transmission utility Power Grid Corp of India can invest concerning 185 billion rupees ($4.1 billion) in FY12 to enhance the country's power transmission capability, its chairman and managing director, S K Chaturvedi , told Reuters on Wednesday. Power Grid that features a market capitalisation of $10.11 billion had earmarked capital expenditure of eleven9 billion rupees within the fiscal 2010/11, whereas it plans to speculate $27 billion over Twelve 5 Year arrange commencing on 2012. It hopes to commission further transmission comes price a hundred and ten billion rupees ($2.4 billion) within the current fiscal, a jump of thirty seven.5 p.c from the year ago, he said. "This year we've done (projects) around eighty billion rupees, next year it'll be quite a hundred and ten billion rupees," Chaturvedi said during a phonephone interview. Power Grid, that carries quite four hundred billion units, or fifty one p.c of India's electricity, has seen an year-on-year increase of nine.5 p.c in its total transmission line assets in FY11, knowledge on its internet web site showed. The firm mainly earns its revenue from transmission fees from power producers, therefore a lot of the quantity of comes it commissions, would mean a lot of revenue generation capability. "(In FY12) heap several new comes are going to be capitalised ... Also, we've awarded the contracts for tower leasing, therefore revenue can begin coming back from that phase conjointly," Chaturvedi said. Power Grid's broad band telecom network of twenty,733 km connects quite 129 cities across India and it's leased a number of its towers within the states of Himachal Pradesh, Punjab and Jammu & Kashmir to Macroquil for telecom usage, he added. Power Grid can launch the second section of leasing its towers for the telecom usage in next six months, he said. The firm that has executed transmission comes or consultancy contracts in Afghanistan, Bhutan, Bangladesh, UAE, Nepal and Srilanka is eyeing a lot of consultancy contracts in different geographies. "The discussions are occurring (for the consultancy jobs) with Kenya, Nigeria and Cambodia." Power Grid has already executed comes in Nigeria. On Tuesday, Power Grid has posted thirty two p.c jump in its web profit to twenty six.97 billion rupees, on total revenue of eighty three.89 billion rupees.
JB Chemical to concentrate on CRAMS Business
JB Chemicals , that has sold many over-the-counter brands in Russia to Johnson & Johnson , can currently specialize in its contract analysis and producing services ( CRAMS )) business, a senior official told a conference decision on Wednesday. On Tuesday, Johnson & Johnson agreed to shop for Rinza, Russia's leading multi-symptom cough and cold whole, and Doktor Mom, Russia's No. a pair of cough whole, for regarding $260 million because it expands into rising markets. JB Chemicals, that has transferred thirty five % of its overall sales to a Johnson & Johnson affiliate, can got to pay 21-22 % tax on a part of the deal worth, President Pranabh Mody said.
JK Tyre results
JK Tyre Industries on Tuesday reported fifty per cent fall in its web profit for the quarter ended March thirty one at Rs thirteen crore attributable to sever impact of high raw material costs. In order to mitigate the impact of rising natural rubber costs, the corporate is "seriously evaluating" choices to amass companies engaged in plantation of the commodity. it's additionally earmarked a capex of Rs 960 crore for this fiscal. The company had posted a web profit of Rs twenty six crore within the January-March quarter last year, JK Tyre & Industries President and Director Arun K Bajoria told reporters here. The net sales throughout the fourth quarter of last fiscal, however, increased by twenty eight.53 per cent to Rs one,347 crore from Rs one,048 crore within the year-ago amount. At 10:08 am, shares of the corporate were trading two.32 per cent up at Rs ninety.50 on the Bombay Stock Exchange . "It was a really robust year in terms of raw material costs, that increased by concerning forty three per cent in last fiscal. The impact of this rise in our margin was 25-27 per cent, however we have a tendency to raised the tyre rates by solely 17-18 per cent in FY11. therefore this impacted our bottomline," Bajoria said. Besides, low cost imports of radial tyres from China has additionally affected the corporate yet because the business, he added. When asked concerning its strategy to counter the impact of rising raw material costs, Bajoria said: "We are observing rubber plantation. we have a tendency to are seriously evaluating choices to amass firms engaged in rubber plantations." He, however, declined to share details saying nothing has been finalised however. "We are engaged on to substitute rubber by another material," he said, adding, the R&D goes on at 3 completely different places across the country. JK Tyre & Industries spends concerning one.5-2 per cent of its web sales in R&D activities per annum. For the whole 2010-11, the company's consolidated web profit declined by seventy one.53 per cent to Rs sixty two.55 crore from Rs 219.74 crore within the previous fiscal. The company's consolidated web sales rose to Rs five,945.44 crore for the year ended March thirty one, 2011, from Rs 4,570.58 crore in FY'10, up 30.08 per cent. The board on Tuesday counseled a dividend of thirty per cent, that is Rs three per equity share, for 2010-11. Talking concerning the outlook, Bajoria said: "We hope the same growth of around thirty per cent in our web sales in 2011-12". He any said the corporate can invest Rs 960 crore during this fiscal, mainly to expand its capacities of assorted tyres. The company is expanding the truck and bus radial tyres capability at the Mysore facility to fourteen lakh units annually by 2013 from eight lakh units nowadays. Bajoria additionally said the firm is enhancing its total output of passenger automobile radial tyres by operationalisation of its greenfield facility in Chennai by the tip of 2011. "Currently our total passenger automobile radial tyre capability is fifty lakh units. when the Chennai plant starts manufacturing, the output can go up to seventy five lakh units annually," he added. The company on Tuesday announced to hike costs of its entire vary of merchandise by up to six per cent from June on account of rising input prices. It produces tyres for tractor, passenger automobile, truck, bus and off-the-road vehicles. the costs of those vary between Rs one,500 and Rs twelve lakh.
HUL to taps rural India
Hindustan Unilever Ltd (HUL) has initiated discussions with prime telecom corporations and banks & monetary services corporations to make a joint distribution model to hide India's six.38 lakh villages within which some 775 million individuals reside. The maker of Lifebuoy soaps , Surf detergents and Dove shampoos plans to ride on the progress created by its different distribution channel referred to as Project Shakti to penetrate deeper into rural India in a very cost-effective manner. HUL, that hopes to own 1,000,000 shops by 2011-end, up from 5.50 lakh last year, has unveiled a blueprint titled 'Gateway to Rural: Beyond FMCG'. Says Hemant Bakshi, government director (sales & client development), HUL: "Since all folks are incurring high prices within the quest to travel rural, it is smart to partner and compute win-win deals." "HUL can play a key role to be an enabler in reaching these markets." HUL has initiated a pilot project with India's largest bank, the State Bank of India (SBI) in Maharashtra and Karnataka. HUL's Shakti Ammas, ladies who sell HUL's shopper merchandise in rural India, have doubled up as client service-providers and opened around one,000 accounts for rural people. If this exercise proves scalable, HUL plans to roll it out across the country over subsequent twelve months. Banks, that are being pushed by the regulator to become ambassadors of monetary inclusion, are grappling with a way to look beyond the traditional branch model to penetrate deeper in a very viable manner. HUL's Shakti model might facilitate banks take merchandise like insurance and mutual funds to non-urban of us. this might not be too totally different from what ITC's rural model for farmers, the ITC e-Choupal is trying, insurance corporations are reportedly keen on riding on the in depth network ITC's e-Choupals has designed with the farming community. The common strand that binds banks, mobile service-providers and fast-moving shopper merchandise corporations like HUL is that all of them have to be compelled to drive deeper into rural markets to stay the expansion coming back. Recently, as an example, SBI and Bharti Airtel entered into a joint venture to produce reasonable banking services to the unbanked. Airtel's 1.5 million retailers and distributors across India can play a key role in taking these services upcountry. It's such an exceptional reach of mobile service-providers that might have convinced HUL to start out talking with them (although Bharti Airtel might not be one amongst them). it's unclear at the instant whether or not HUL can kind separate rural distribution joint ventures as a business model or sign revenue-sharing agreements. Says Jagdeep Kapoor, chairman, Samsika selling Consultants: "HUL needn't reinvent the wheel when it will use the prevailing reach of alternative corporations in remote rural markets. Collaboration would be cost-effective in dashing up reach and lowering prices."
Punjab National Bank aquiring 33% stake in MetLife India
Punjab National Bank is near shopping for 33% stake in MetLife India which will boost fee income for the staterun bank and supply the US insurer with the second-best monetary distribution platform within the country. "PNB is in talks to choose up to thirty third stake in MetLife," said an individual conversant in the negotiations. "The deal is also finalised within the next few days," he added. Four additional folks conversant in the negotiations said the discussions on valuations are continuing. There is no certainty that the transaction can occur. The discussions between PNB and MetLife conjointly involve Jammu & Kashmir Bank , that owns one hundred and thirtieth of the insurer. The state-run lender might obtain out alternative shareholders like J&K Bank and Shapoorji Pallonji & Co. there is no call on that nonetheless, the folks said. MetLife Insurance managing director Rajesh Relan said the corporate wouldn't touch upon speculation. "We are one among the 3 short-listed firms by PNB as per their method and also the discussions with the management are nonetheless to start," said Mr Relan. PNB failed to commit on the transaction either. "It would be premature to mention we've zeroed in on MetLife. The bank can take a final call primarily based on the monetary valuation report," said PNB government director MV Tanksale. A senior bank government within the grasp of the event said the deal is anticipated to be valued within the vary of Rs 12-13 per share. The bank in April had short-listed 3 insurance firms together with MetLife, Aviva and Bharti Axa Life Insurance for the industrial bid. A banker concerned within the deal said: "PNB wished to take a position during a insurance company which might supply it higher stake at a gorgeous worth." MetLife may be a JV between Jammu & Kashmir Bank, Shapoorji Pallonji & Co, US-based MetLife International and personal shareholders. PNB is probably going to shop for out the stakes of J&K Bank and alternative non-public investors. J&K Bank's stake has return right down to one hundred and thirtieth from twenty fifth when the JV was started in 2001. In 2010, MetLife had lost its bancassurance partner Axis Bank to Max big apple Life. This resulted during a drop in their business.
Suzlon get order of 200 turbines
Indian wind turbine maker Suzlon Energy said on Wednesday it signed a contract with African Clean Energy Developments for the supplying of up to two hundred wind turbines. Installation is anticipated to begin in late 2011 or early 2012, the corporate said in an exceedingly statement
US Begin to Hike Interest rate and Economy expected to grow at 2.6%
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The Federal Reserve ought to begin to hike interest rates in coming back months, the Organization for Economic Cooperation and Development said on Wednesday, because it raised its outlook for US economic growth. In its semi-annual forecast, the OECD said it sees US economic growth of two.6 per cent in 2011, up from its forecast last November for growth of simply two.2 per cent. The outlook, however, is far below the Fed's own "central tendency" estimates, that as of April twenty seven pegged growth for this year within the three.1 per cent to three.3 per cent vary. Despite what it sees as vital potential draw back risks to growth from higher energy and commodity costs, the OECD recommends the Fed begin slowly withdrawing a number of its extraordinary aid to the economy as 2011 progresses. "A modest reduction in financial stimulus ought to get underneath approach within the second half this year," the OECD said in its report. Alan Detmeister, the OECD Economics Department's US desk officer, said in a very press briefing the Fed ought to raise its benchmark federal funds rate to one per cent from the present zero to zero.25 per cent vary before the top of the year. Continued high levels of unemployment don't seem to be enough of a reason to stay rates at rock-bottom lows, the OECD said, since low rates raise the chance of future bubbles or inflationary shocks. The cluster predicts the US jobless rate, currently at nine per cent, can stay near eight per cent for abundant of 2012. "At gift there's very little sign that continued very loose financial policy settings have increased inflation expectations over alittle quantity or are leading to another asset worth bubble," the OECD added, citing oil and alternative commodities as a "possible exception." The OECD expects the trend of subdued inflation to continue for the foreseeable future, predicting US client worth inflation of one.9 per cent for this year and simply one.3 per cent next year -- well beneath the Fed's implicit target of two per cent or slightly below. The Fed appearance set to complete its $600 billion bond-buying program geared toward keeping long-term rates down in June, as scheduled. Its balance sheet currently stands at a record $2.74 trillion, however an outsized quantity of bank reserves stay parked at the Fed instead of being lent out to businesses.
The Federal Reserve ought to begin to hike interest rates in coming back months, the Organization for Economic Cooperation and Development said on Wednesday, because it raised its outlook for US economic growth. In its semi-annual forecast, the OECD said it sees US economic growth of two.6 per cent in 2011, up from its forecast last November for growth of simply two.2 per cent. The outlook, however, is far below the Fed's own "central tendency" estimates, that as of April twenty seven pegged growth for this year within the three.1 per cent to three.3 per cent vary. Despite what it sees as vital potential draw back risks to growth from higher energy and commodity costs, the OECD recommends the Fed begin slowly withdrawing a number of its extraordinary aid to the economy as 2011 progresses. "A modest reduction in financial stimulus ought to get underneath approach within the second half this year," the OECD said in its report. Alan Detmeister, the OECD Economics Department's US desk officer, said in a very press briefing the Fed ought to raise its benchmark federal funds rate to one per cent from the present zero to zero.25 per cent vary before the top of the year. Continued high levels of unemployment don't seem to be enough of a reason to stay rates at rock-bottom lows, the OECD said, since low rates raise the chance of future bubbles or inflationary shocks. The cluster predicts the US jobless rate, currently at nine per cent, can stay near eight per cent for abundant of 2012. "At gift there's very little sign that continued very loose financial policy settings have increased inflation expectations over alittle quantity or are leading to another asset worth bubble," the OECD added, citing oil and alternative commodities as a "possible exception." The OECD expects the trend of subdued inflation to continue for the foreseeable future, predicting US client worth inflation of one.9 per cent for this year and simply one.3 per cent next year -- well beneath the Fed's implicit target of two per cent or slightly below. The Fed appearance set to complete its $600 billion bond-buying program geared toward keeping long-term rates down in June, as scheduled. Its balance sheet currently stands at a record $2.74 trillion, however an outsized quantity of bank reserves stay parked at the Fed instead of being lent out to businesses.
Saturday 21 May 2011
Govt. To sell Scooters india
Govt. Has planned to sell sick plant of Scooters india limited, which sells three wheelers under the name of Vikram, Atul auto is interested in buying stock is hitting upper circuit of 4.9% from last two days and continue to do so upto rs. 50, buy it if u can
Thursday 19 May 2011
Earnmoney By investing in Fundamental stocks Infosys very good buy
The country's second largest tech player Infosys Technologies features a shareholder base of four,50,000. the corporate has paid a cumulative dividend of Rs eleven,623 crore to those investors, says the company's annual report for fiscal 2010-11.
The journey that started with a measly capital of Rs ten,000-pooled by spouses of founders-has evolved into a balance sheet of Rs twenty six,000 crore with $3.8 billion in money equivalents.
Its shareholders have grown their wealth in multiples. for example, a hundred shares issued within the IPO in 1993 at Rs nine,500 have multiplied into twelve,800 shares valued at Rs four.15 crore as on March thirty one this year, indicating a compounded growth rate of fifty nine.
By March thirty one 1992, staff owned thirteen.6% of shares of the corporate. the worker stock choice arrange was introduced in 1994 and as of currently, the corporate has given stock choices value Rs fifty,000 crore to staff.
"I don't grasp of any Indian company that has given away the maximum amount as Rs fifty,000 crore at current stock costs of stock choices to staff. Today, each Indian employee at each level who joined us on or before March 2010 could be a stockholder of Infosys," wrote Murthy within the annual report.
"Employees are our very important and most respected assets. we've got created a favourable work surroundings that encourages innovation and meritocracy ," the report says. Infosys added seventeen,024 (net) and forty three,120 (gross) staff in 2010-11 taking their employee strength to one,30,820. the corporate these days has over 620 shoppers, 6,500 comes and sixty four sales offices and sixty three development centers unfold across seventy five cities in thirty two countries.
Infosys additionally stresses on intensive levels of coaching for workers. throughout the money year the full coaching provided to staff stood at over one.5 million person days. the corporate additionally launched programmes to boost the business competency of staff. the corporate has strengthened its campus connect programme geared toward building industryacademia connect.
The journey that started with a measly capital of Rs ten,000-pooled by spouses of founders-has evolved into a balance sheet of Rs twenty six,000 crore with $3.8 billion in money equivalents.
Its shareholders have grown their wealth in multiples. for example, a hundred shares issued within the IPO in 1993 at Rs nine,500 have multiplied into twelve,800 shares valued at Rs four.15 crore as on March thirty one this year, indicating a compounded growth rate of fifty nine.
By March thirty one 1992, staff owned thirteen.6% of shares of the corporate. the worker stock choice arrange was introduced in 1994 and as of currently, the corporate has given stock choices value Rs fifty,000 crore to staff.
"I don't grasp of any Indian company that has given away the maximum amount as Rs fifty,000 crore at current stock costs of stock choices to staff. Today, each Indian employee at each level who joined us on or before March 2010 could be a stockholder of Infosys," wrote Murthy within the annual report.
"Employees are our very important and most respected assets. we've got created a favourable work surroundings that encourages innovation and meritocracy ," the report says. Infosys added seventeen,024 (net) and forty three,120 (gross) staff in 2010-11 taking their employee strength to one,30,820. the corporate these days has over 620 shoppers, 6,500 comes and sixty four sales offices and sixty three development centers unfold across seventy five cities in thirty two countries.
Infosys additionally stresses on intensive levels of coaching for workers. throughout the money year the full coaching provided to staff stood at over one.5 million person days. the corporate additionally launched programmes to boost the business competency of staff. the corporate has strengthened its campus connect programme geared toward building industryacademia connect.
Stocklatestnews Nifty Supprt
The Nifty closed at 5422 with a loss of seventeen points. and also the could future was quoting at a premium of five points. The market has been continuously weak since the beginning of could expiry with 2 intermediate rallies of one.5% every within the past twelve trading sessions. The market might see short-term recovery with a robust support existing at 5380-5400 levels.
The sharp fall within the past few weeks has ensured that India VIX has remained flattish at 19-21%. the autumn within the market is mixed with interest rate-sensitive sectors like auto, banking, and infrastructure being in a very downward trend once the RBI policy. Metal stocks have corrected in line with commodities sell-off globally whereas defensive sectors, like FMCG and pharma, have gained, on the opposite hand.
FIIs are web sellers in could to the tune of five,350 crore in index futures and four,000 crore in money whereas DII are web patrons of three,600 crore within the money market until date.
The futures added nearly zero.6 million shares in Nifty open interest whereas there's a gradual increase in open interest in 5300, 5400 and 5500 calls possibility strike costs within the past 3 days whereas place possibility open interest has been shedding in 5400 and 5500 strike costs with no major addition in lower strike costs.
In the could series for the Nifty, highest decision OI is at 5600 strike with eight.5 million shares and highest place OI is at five400 strike with eight.3.million shares.
NIFTY STRATEGY
Given the uncertainty, the market is trading at the lower finish of the vary for the month and with IVs expected to stay range-bound, a cautious read within the close to term is adopted employing a long-strangle strategy. A breakout on either facet is anticipated by expiry. obtain a decision of 5500 strike value at around twenty seven and a 5300 strike value place at around sixteen.
STOCK SPECIFIC:
Buy Infosys Tech decision of strike value 2850 at around twenty five for a maxi-mum holding amount of 5-6 days.
The sharp fall within the past few weeks has ensured that India VIX has remained flattish at 19-21%. the autumn within the market is mixed with interest rate-sensitive sectors like auto, banking, and infrastructure being in a very downward trend once the RBI policy. Metal stocks have corrected in line with commodities sell-off globally whereas defensive sectors, like FMCG and pharma, have gained, on the opposite hand.
FIIs are web sellers in could to the tune of five,350 crore in index futures and four,000 crore in money whereas DII are web patrons of three,600 crore within the money market until date.
The futures added nearly zero.6 million shares in Nifty open interest whereas there's a gradual increase in open interest in 5300, 5400 and 5500 calls possibility strike costs within the past 3 days whereas place possibility open interest has been shedding in 5400 and 5500 strike costs with no major addition in lower strike costs.
In the could series for the Nifty, highest decision OI is at 5600 strike with eight.5 million shares and highest place OI is at five400 strike with eight.3.million shares.
NIFTY STRATEGY
Given the uncertainty, the market is trading at the lower finish of the vary for the month and with IVs expected to stay range-bound, a cautious read within the close to term is adopted employing a long-strangle strategy. A breakout on either facet is anticipated by expiry. obtain a decision of 5500 strike value at around twenty seven and a 5300 strike value place at around sixteen.
STOCK SPECIFIC:
Buy Infosys Tech decision of strike value 2850 at around twenty five for a maxi-mum holding amount of 5-6 days.
Stocklatestnews Market opening
Mixed gap is seen for the 50-share Nifty index on Thursday on the rear of positive Asian Markets however worries of slowdown in U.S economic recovery can keep investors on the sting as Federal Reserve meeting minutes indicated that the Fed balance sheet can still expand.
The minutes, released on Wednesday, showed worries regarding inflation rising last month before a giant surge in oil costs subsided. At identical time the minutes failed to indicate the Fed was able to begin tightening policy any time soon in line with a report. Weakness in greenback and strength in commodities can weigh on investors minds.
"Traders got to be cautious of shopping for overwhelmed down stocks that seem to own hit a the bottom as a result of weak stocks tend to fall the foremost whenever markets fall sharply and therefore the fall should not be over nonetheless." Says Kunal Saraogi, CEO, Equityrush. Markets appear to be heading toward their next target of 5350 where some shopping for is to be expected, he adds.
Shares in Indian engineering and construction firm Larsen & Toubro are going to be in focus prior to its quarterly results later within the day.
Other major results to look at out for in today's trade prior to their quarterly results are Ashok Leyland, Jet Airways , Wockhardt, Tata Power and Voltas.
The minutes, released on Wednesday, showed worries regarding inflation rising last month before a giant surge in oil costs subsided. At identical time the minutes failed to indicate the Fed was able to begin tightening policy any time soon in line with a report. Weakness in greenback and strength in commodities can weigh on investors minds.
"Traders got to be cautious of shopping for overwhelmed down stocks that seem to own hit a the bottom as a result of weak stocks tend to fall the foremost whenever markets fall sharply and therefore the fall should not be over nonetheless." Says Kunal Saraogi, CEO, Equityrush. Markets appear to be heading toward their next target of 5350 where some shopping for is to be expected, he adds.
Shares in Indian engineering and construction firm Larsen & Toubro are going to be in focus prior to its quarterly results later within the day.
Other major results to look at out for in today's trade prior to their quarterly results are Ashok Leyland, Jet Airways , Wockhardt, Tata Power and Voltas.
Tuesday 17 May 2011
SBI quarter results
SBI Results are very poor in no.s for 4th quarter profit has dropped to 20.88 crore from 1866 crore only results SBI Share slips by more than 6% there is good opportunity to buy that stock around 2400
Impact of fuel price hike
Cooking gas has a weight in WPI 0.9% means 10% increase in prices increases inflation to 0.09%
Kerosene has weight in WPI 0.7 means 10% hike results in increase in inflation to 0.07%
similarly Diesel has weight in WPI 4.7% and Petrol has weight in WPI 1.1%
Thus diesel prices has a huge impact on inflation
Kerosene has weight in WPI 0.7 means 10% hike results in increase in inflation to 0.07%
similarly Diesel has weight in WPI 4.7% and Petrol has weight in WPI 1.1%
Thus diesel prices has a huge impact on inflation
Speak asia a big fraud
Speak asia which is paying to people for surveys after joining with speak asia for a fee of 11000 it pays 500 per survey and gives 8 surveys per month means people can earn about 4000 per month, but it is just a fraud co. Don't have any existance in India it has office in Singpure and the surveys of co.s which they are sending are just self made survey as on contacting with co.s it has been found that they are not taking any surveys and not haven't any contact with speak asia these are all fake surveys
On contacting with co. CEO ,and asked about full details of their co. They donot have any clues and just making excuses, co. Is now advertising a lot During IPL matches and news papers but be careful and don't invest in such co. My lot of friends are get trapped in that co. Beware of all such co.s
On contacting with co. CEO ,and asked about full details of their co. They donot have any clues and just making excuses, co. Is now advertising a lot During IPL matches and news papers but be careful and don't invest in such co. My lot of friends are get trapped in that co. Beware of all such co.s
Monday 16 May 2011
Diesel and LPG impact on common man
Govt. May increase diesel prices by 4 rs. Per ltr and LPG gar by 25 rs. This impact on common man a lot,this increases inflation and prices of all articles as inflation varies directly to diesel prices so future growth of India get impacted a lot
Stock market under pressure and continue to do so why?
Stock market remains to under pressure for 1st quarter of current financial year as if govt. Increases diesel prices then inflation again rises in two digets and RBI May increases the interest rates again results in decreased forgein inflow of money and that will put pressure on market,if diesel prices not increased then subsidy burden increases on oil market co.s and govt. Results in more debt on indian economy and that will put pressure on market,after 1st quarter when global crude prices decreases as stallement occurs in west then market get some direction,so be cautious on market and buy fundamental stocks on every dips
Lupin stock tips
Buy lupin for target of 520,the co. Is expected to record 20.2% sales and 26.3% earnings CAGR Between FY11-13
Galaxy Surfactants IPO Subcribe it
Specialty chemicals maker Galaxy Surfactants is initiating with an initial public giving to boost around Rs two hundred crore. the corporate can utilise the proceeds for capability enlargement. Its growth momentum is powerful and it's healthy fundamentals. However, the IPO pricing seems somewhat expensive. Timely execution of its comes are going to be crucial for investors to create profits. Long-term investors will think about subscribing to the difficulty. BUSINESS: Galaxy Surfactants may be a provider of chemical ingredients to non-public care and residential care corporations. Its purchasers embrace leading fast-moving shopper merchandise corporations. Its product may be broadly classified into 3 classes, organic surface active agents, fatty alkanolamides and fatty acid esters, and different specialty chemicals. The company has 3 plants in Tarapur, 2 facilities in Taloja and one within the US. Its total put in capability is 138,240 tonne once a year for OSAA, 9,000 TPA for FA/FAE, and 6,990 TPA for specialty chemicals. the corporate spends around I Chronicles of its annual internet sales on analysis and development. it's eighteen patents in India and ten within the US. the corporate earns fifty six of its revenues from exports and rest from the domestic sales.
Buy Reliance Industries
RIL is at very good valuations now and long term investors should defunately get into that stock and hold for 2 years for tghe target of 1250
BUY IFCI for long term
Buy and hold IFCI at current levels around 47-49 and hold for 1-2 years you we get double and even tripple times return
It will surely become nultibagger as soon as it get banking licence and this co. will surely get banking licence
It will surely become nultibagger as soon as it get banking licence and this co. will surely get banking licence
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