Market News

[karvind79]

Dharamsi Morarji
Expecting to gain from higher subsidy and debt restructuring

Dharamsi Morarji held its AGM in Mumbai on 29th September 2005. Chairman of the company R M Goculdas presided over the meet supported by all other Directors.

Financial and Operational performance of the company


During the year 2004-2005 the turnover recorded by the company was at Rs 167 crore, which is lower by 13% than that recorded during the previous year. The main reason for this drop is 34% lower SSP sales compared to previous year. During the year 2004-05 the company suffered a loss of Rs 9.11 crore as compared to the loss suffered previous year of Rs 5.74 crore. This was primarily on account of the substantial increase in the delivered cost of the main raw materials of the Company viz. Sulphur, Rock Phosphate, Benzene, Urea and Ethanol which could only be partly recovered in the selling prices of the finished products, both Single Super Phosphate (SSP) and Chemicals.

Other Highlights of the Meet

The Company's fertilizer business was adversely affected due to increase in raw material cost without corresponding increase in subsidy and sales price. This forced the Company to reduce volumes of the unremunerative fertilizer business. Consequently, the turnover of SSP for the year 2004-2005 was at Rs 40.65 crore, which is lower by 34% as compared to the previous year.
The subsidy for SSP at Rs 650 PMT has remained unchanged from February 2002 though the costs have gone up by over Rs 800 PMT. The government has given an interim increase of Rs 325 per MT by increasing the subsidy from Rs 650 to Rs 975 per MT. this measure is expected to give a temporary relief to the company.
The company has again taken steps to ramp-up the production and dispatches to capture the lost market share. For this they are using their 'SHIP' brand which commands a premium in the market.
The turnover of Speciality Chemicals for the year 2004-2005 was Rs 43 crore, which is lower by 7.6% as compared to previous year. This was due to discontinuation of Resorcinol and increased competition in the international market.
The turnover of Commodity Chemicals for the year 2004-2005 was Rs 79 crore, which is higher by 3% as compared to the previous year. Increased volumes of Chioro Sulfonic Acid and Alum made up the drop in volume due to the closure of the Kumhari unit.
A new multi purpose Sulfonation facility has been built at the Ambernath Factory, which is under commissioning. This will help the company to manufacture new Speciality chemicals, which have demand, both in local and international markets and will increase the turnover. Furthermore the company is in talks with an international company who would be sourcing its requirements from them. DMCC Oil Terminals (Navlakhi) Ltd. (DOTL) a subsidiary had a delay in financial closure, for whom the company is in the process of negotiating for sale of its shareholdings to a party which, has shown interest in the project. Monsanto DMCC Enviro-Tech & Engineering Ltd. (MDEEL), a joint venture with the Monsanto of USA, has recently secured a major turnkey order for about USD 16 Million from Zambia.

The Company had, as a part of the business turnaround strategy and to increase its competitiveness, approached Corporate Debt Restructuring (CDR) Cell for restructuring Company's debts and reducing interest rates, which was approved by the CDR Empowered Group. Due to this the company is expecting to reduce the interest outflow, which is expected to bring a huge relief to the company.
Outlook

The chairman stated that the company has embarked on a turnaround and the effect of which can be seen in the near future and the shareholders need not worry about that. The company is expecting the good monsoon to bring relief to the company. The effect of which will be experienced in the upcoming Rabi crop. The company is also planning to introduce new Speciality chemicals, which is expected to give relief to the company.


From
Arvind.K

 

[karvind79]

Ready for Take-off

Even at Sensex 8,000-plus, youll find companies that havent yet reached their full potential. Weve identified four with the promise of future flight.
Note: This is Article from OUTLOOKMONEY and visit below URL for more details

http://www.outlookmoney.com/scripts/IIH021C1.asp?sectionid=1&categoryid=6&articleid=5762


From,

Arvind.K

 

[karvind79]

Hexaware Technologies to declare Q3 results on Oct 18
Hexaware Technologies Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 18, 2005, inter alia, to consider & approve and take on record the un-audited financial results for the quarter ended September 30, 2005 (Q3).

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SBI to buy 76% stake in Giro Commercial Bank, Kenya
State Bank of India (SBI) has entered into a Share Purchase Agreement and Shareholders Agreement with the Principal Shareholders of Giro Commercial Bank Ltd, Kenya.
In terms of these agreements the bank will acquire 76% equity stake in Giro Commercial Bank Ltd, Kenya, along with Management Control, subject to related approvals

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IL&FS Investsmart defers Board Meeting to Oct 11
IL&FS Investsmart Ltd has informed that a meeting of the Board of Directors of the Company which was scheduled to be held on October 10, 2005, has been postponed and will now be held on October 11, 2005

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IBP Company to announce Q2 results on Oct 28
IBP Company Ltd has informed that a meeting of the Board of Directors of the company will be held on October 28, 2005, inter alia, to consider the Unaudited Financial Results (provisional) of the Company for the Second quarter ended September 30, 2005 of the financial year 2005-06 (Q2).

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HCL Infosystems Board to consider Q1 results on Oct 19
HCL Infosystems Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 19, 2005, inter alia, to consider and approve the following:
1. Unaudited financial results for the three months ended September 30, 2005 (Q1).
2. Payment of interim dividend for the financial year 2005-2006.
Furthr the Company has informed that the book closure fixed from October 24, 2005 to October 25, 2005 for the purpose of payment of final dividend for the financial year 2004-05 will also apply for the payment of the above interim dividend, if the same is approved by the Board of Directors at the aforesaid meeting.

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Diamond Cables bags order worth Rs 15 mn from ABB
Diamond Cables Ltd has received an order dated October 05, 2005, aggregating Rs 15 million for supply of Single Core Insulated Conductors for RLMS Project of BESCOM from ABB Ltd

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Gujarat Fluorochem - AGM Outcome
Gujarat Fluorochemicals Ltd has informed that the members at the 18th Annual General Meeting (AGM) of the Company held on September 16, 2005, inter alia, have accorded to the following:
1. Adoption of Audited Profit & Loss Account of the Company for the year ended March 31, 2005, the Balance Sheet as at that date, the Reports of the Auditors thereon and the report of Board of Directors for the said year.
2. Declaration of dividend of Rs 5/- per share.
3. Re-appointment of Shri V P Mittal and Shri P K Jain as Directors of the Company.
4. Appointment of M/s Patankar & Associates, Chartered Accountant as Auditors of the Company from the conclusion of this meeting until conclusion of next Annual General Meeting of the Company.

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Uniproducts India - Board Meeting Results
Uniproducts (India) Ltd has informed that the Board of Directors (BOD) of the Company at the meeting held on October 07, 2005, inter alia, have approved the following:
1. In line with the expansion plans for the Company, the Board of Directors have approved raising of funds through a rights issue of equity shares, in the ratio of one equity share for each equity share held in the Company, to be issued to existing shareholders on a record date to be determined later. The price and other terms of the issue will be considered by the Board at a meeting to be held subsequently.
2. Subject to approval of members at the EGM, an ESOP scheme for employees of the Company to reward and retain talent. The said ESOP scheme will involve a maximum issue of 380,000 equity shares of the Company.
3. Subject to approval of members at the EGM, an increase in the Authorised Share Capital of the Company from Rs 60 million to Rs 120 million to meet the requirement of issue of shares due to the rights issue and ESOP scheme.
4. To convene an Extraordinary General Meeting (EGM) of the Company on November 04, 2005 to approve the ESOP Plan and the increase of Authorized capital.
5. The draft Shareholders agreement with the Juken Technology Ltd, Singapore for the formation of a Joint Venture for the production of mould fabrication and plastic injections components

*************************************************

Investing will be made carefully

From,

Arvind.K

 

[devansh_god]

hindustan oil exloration

hi everyone.......
i dont know if this is a rumour or not but ive heard that hindustan oil exploration ltd. has incurred heavy losses and is sure to go down.......in the coming days...anyone heard of similar things may please share........

 

[karvind79]

UTI BANK RESULT
**************


UTI Bank banks on robust Q2 results

Private sector UTI Bank rose 2.2% to Rs 259.70 on the back of strong Q2 results.


3.8 lakh shares changed hands in the counter on BSE. The results hit the market in late trading today.

The stock came off the higher level in the past few days ahead of the results announcement, in a weak market. From a recent high of Rs 282.95 on 21 September 2005, the stock plunged to Rs 253.95 by 13 October 2005 on the eve of the results announcement.

Earlier, the stock had spurted during late August 2005 to mid-September 2005. It had surged to Rs 282.95 on 21 September 2005 from a low of Rs 245.90 on 25 August 2005.

UTI Banks net profit has jumped 135.8% to Rs 109 crore in Q2 September 2005 from Rs 46.22 crore in Q2 September 2004. The gross interest income has risen 53% to Rs 687.60 crore from Rs 449.30 crore.


Seniors and Technical people post ur view on this stcok

Thanks and from,

Arvind.K

 

[karvind79]

IDBI - Q2 results on Oct 20, 2005


Industrial Development Bank of India Ltd (IDBI) has informed BSE that a meeting of the Board of Directors of the Bank will be held on October 20, 2005, for considering the Unaudited financial results of the Bank for the quarter / half year ended September 30, 2005 subject to a limited review by the auditors.

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Micro Inks - Q2 results on Oct 22, 2005


Micro Inks Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 22, 2005, for consideration of un-audited financial results of the Company for the half year ended September 30, 2005 and the 2nd quarter ended on the said date (Q2).

*************************************************

Pitti Laminations Board declares interim dividend

Pitti Laminations Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 13, 2005, inter alia, has declared an interim dividend of 10% for the financial year 2005-06.

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TVS Motor - Q2 results on Oct 27, 2005


TVS Motor Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 27, 2005, to consider the financial results (limited reviewed) of the Company for the second quarter ended September 30, 2005 (Q2).

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Tata Chemicals - Q2 results on Oct 25, 2005

Tata Chemicals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 25, 2005, inter alia, to consider and take on record the Unaudited Financial Results for the quarter & half year ended September 30, 2005 (Q2).

*******************************************************
Mphasis BFL fixes Record Date


Mphasis BFL Ltd has informed BSE that November 14, 2005 has been fixed as Record Date for the purpose of bonus issue in the ratio of one equity share for every one equity share held (1:1).

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Madras Cements Board to consider interim dividend


Madras Cements Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 29, 2005, inter alia, to consider the following:

1. To take on record the Unaudited Financial Results for the Half Year ended September 30, 2005,

2. The Audited Limited Review Report for the Half Year ended September 30, 2005.

3. Payment of Interim Dividend.

******************************************
Varun Shipping Board to consider interim dividend

News Body:
Varun Shipping Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 19, 2005, inter alia, to consider the following:

1. The unaudited financial results of the Company for the quarter and half year ended September 30, 2005.

2. Declaration of Interim Dividend on equity shares of the Company for the year ending on March 31, 2006.

*************************************************

Escorts - FY 05 results by Dec 31, 2005


Escorts Ltd has informed BSE that the Company shall publish the audited financial results for the year ended September 30, 2005 within a period of 3 months i.e. by December 31, 2005.

Accordingly, the Company shall not publish the Unaudited Financial results for the last quarter ended September 30, 2005 by the end of October 2005.

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Cummins India - Q2 results on Oct 21, 2005

Cummins India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 21, 2005, inter alia, for taking on record the unaudited financial results for the quarter and half year ended September 30, 2005 (Q2).

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ICI India - Q2 results on Oct 24, 2005


ICI India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2005, inter alia, to consider the Unaudited Financial Results for Half Year and Quarter ended September 30, 2005 (Q2).

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Sonata Software fixes Record Date


Sonata Software Ltd has informed BSE that the October 28, 2005 has been fixed as Record Date for the purpose for the purpose of Interim Dividend for FY 2005-06.

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Gujarat Ambuja Exports - Board Meeting on Oct 22, 2005

Gujarat Ambuja Exports Ltd has informed BSE that the meetings of Audit Committee and Board of Directors of the Company will be held on October 22, 2005, inter alia, to consider the following:

1. Unaudited Financial Result for the Quarter and half year ended September 30, 2005.

2. Sub-division (split) of share capital of the Company to smaller denomination, subject to further approval of shareholders of the Company at the Extra Ordinary General Meeting.

3. Amend and add objects in the main object clause of Memorandum of Association of the Company for the business of :

a. Wind Power and other Non conventional Sources of the energy & related activities.

b. Commodities Trading, Power Trading, Membership of Commodity Exchanges and related activities.

c. Production, trading, import, and export of Bio-diesel of all sources including ethanol from maize processing, sugar cane processing and related activities.

4. To consider increase in Authorised Share Capital and to consider restructuring of capital including authorizing and issue of share with differential rights, preference shares etc.

5. Convening of Extra Ordinary General Meeting for Members' approval for items at (2),(3) & (4) above.

*******************************************************
Ashok Leyland - Q2 results on Oct 22, 2005

Ashok Leyland Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 22, 2005, to take on record the Unaudited Financial Results for the quarter / half-year ended September 30, 2005 (Q2).

*************************************************

Sundram Fasteners Board to consider interim dividend


Sundram Fasteners Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 29, 2005, inter alia, to consider the following :

1. take on record the unaudited financial results for the second quarter ended September 30, 2005; and

2. approve payment of interim dividend to shareholders for the financial year ending March 31, 2006.

***************************************


From

Arvind.K

 

[tamilselvan]

Dear Friends,


See the below msg (Market INFo)


Wockhardts Q3 net zooms to Rs 692 mn
Wockhardt Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a profit after tax of Rs 692 million for the quarter ended September 30, 2005 as compared to Rs 532 million for the quarter ended September 30, 2004. Total Income has increased from Rs 2252 million in Q3-04 to Rs 2609 million for the quarter ended September 30, 2005.
The Consolidated results are as follows:
The Group has posted a profit after tax of Rs 650 million for the quarter ended September 30, 2005 as compared to Rs 558 million for the quarter ended September 30, 2004. Total Income has increased from Rs 3209 million in Q3-04 to Rs 3624 million for the quarter ended September 30, 2005.
***************************************
Gujarat Ambuja Cements Q1 net declines to Rs 752.80 mn
Gujarat Ambuja Cements Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a net profit of Rs 752.80 million for the quarter ended September 30, 2005 as compared to Rs 904.60 million for the quarter ended September 30, 2004. Total Income (net of excise) has increased from Rs 6110.40 million in Q1-05 to Rs 6562.20 million for the quarter ended September 30, 2005.
The Consolidated results are as follows:
The Group has posted a Net profit (after minority interest) of Rs 1080.60 million for the quarter ended September 30, 2005 where as the same was at Rs 1009.90 million for the quarter ended September 30, 2004. Total Income (net of excise) is Rs 6782.60 million for the quarter ended September 30, 2005 where as the same was at Rs 7301.50 in Q1-05.
The consolidated results for the current quarter do not include results for the Ambuja Cement India Ltd (ACIL) and its subsidiaries Ambuja Cement Eastern Ltd and Kakinada Cements Ltd which have ceased to be subsidiaries of the Company. ACIL has since become an Associate of the company and the share of profit of Associate has been recognised. Accordingly, results for the current quarter are not strictly comparable with those of the corresponding quarter of the previous year.
************************************************

Lupin clocks Rs 451.90 mn net profit in Q2
Lupin Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a net profit of Rs 451.90 million for the quarter ended September 30, 2005 as compared to Rs 174.90 million for the quarter ended September 30, 2004. Total Income (net of excise) has increased from Rs 3031.90 million in Q2-05 to Rs 4140.10 million for the quarter ended September 30, 2005.
The Board of Directors of the Company have approved the proposal to raise funds up to an amount equivalent to USD 100 million by issue of Foreign Currency Convertible Bonds.

******************************************

Biocons Q2 net at Rs 44 cr; H1 net at Rs 82 cr
Biocon has reported a drop of 22% in net profit at Rs 82 crore for the first half (H1) ended September 2005 from Rs 105 crore in the year ago period. The company has witnessed a net profit of Rs 44 crore for the second quarter ended September 30, 2005. Consolidated sales in H1 increased 4% to Rs 375 crore from Rs 360 crore in the previous fiscal

*******************************************

Cranes Software gets members nod for 1:1 Bonus issue
Cranes Software International Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 27, 2005, inter alia, have accorded to the following:
1. Sub-division of existing equity shares of the nominal value of Rs 10/- each into 5 equity shares of Rs 2/- each fully paid up.
2. Issue of Bonus Shares in the ratio of 1:1.


************************************************

DCM Shriram Industries to declare Sep quarter results and dividend on Oct 29
DCM Shriram Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 29, 2005, inter alia, to consider the following:
1. Audited Annual Accounts for the year ended March 31, 2005.
2. Dividend for the year ended March 31, 2005.
3. Unaudited financial results for the quarter ended September 30, 2005.

****************************************
Natco Pharma Sep quarter results on Oct 24
Natco Pharma Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 24, 2005, inter alia, to take on record the unaudited financial results (Provisional) for the quarter ended September 30, 2005, and recommendation of interim dividend.
=========================================================
Gabriel India gets delisted from DSE
Gabriel India Ltds shares have been delisted from Delhi Stock Exchange Association Ltd (DSE) w.e.f. October 14, 2005.
==========================================================

Adani Exports to declare Q2 results on Oct 27
Adani Exports Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 27, 2005 for taking on record the unaudited financial results for the quarter ended on September 30, 2005 (Q2).
==========================================================
MFs reduce investment in equities this month
The Foreign institutional investors (FIIs) alone are not in a bearish mode in the market. Even the mutual funds (MFs) have choked their fund flow to the market drastically in the current month till October 17. According to Sebi, the MFs were the net investors at Rs 500 crore till October 17 compared to the last months investment of Rs 3233 crore for the entire month, down by 85 %. The FIIs fund flow has also started decreasing since August and turned negative in October. They were net sellers at the bourses at Rs 1,006 crore till October 17. Their total investment was Rs 7249.10 crore in July which has gradually decreased to Rs 5051.20 crore and Rs 4646.20 crore in August and September, respectively. However, the MFs still remain in positive zone compared to FIIs
==========================================================
Post Session Market Commentary
The BSE Sensex ended 151 points lower at 7,971 and the NSE Nifty lost 49 points to end at 2,419. The rupee was at 45.24 over the dollar.
The stock markets plunged deeper into the red in the last trading hour today on intense selling activity across index heavyweights. Pressure on stocks from across sectors also took its toll on the markets. The breadth was negative, with losers outnumbering gainers by a ratio of over 11 to 1 on the NSE.
In the wake of global apprehensions and meltdown of key markets in Asia and Europe, the Indian markets closed today deep in the red. Volatility was the name of the game since trading started this morning. Mixed results from some key Indian companies also weighed heavy on sentiment. The biggest losers on the Sensex included Dr. Reddys (down 5%), Hero Honda (4%) and ONGC (4%).
In the auto sector, Hero Honda declined over 4%. Bajaj dropped Rs 43 to Rs 1,731. Maruti and Tata Motors declined over 2% each today.
In line with the overall market sentiment, power stocks closed in the red today. Major losers included PTC (down 8%), Neyveli Lignite (3%) and Reliance Energy (2%). PSU power major, NTPC (down 1%) also closed weak.
Stocks from the pharma sector closed weak today. Major losers included Glenmark Pharma (down 5%), Dr. Reddys (5%) and Cipla (4%). Selling was also seen in Ranbaxy, as the stock closed nearly 2% down.
Software stocks also closed deep in the red. Major losers included TCS (down 4%), MphasiS and Infosys (both 1% down).
==========================================================
3.30 pm: Sensex closes at 7,971; crashes 151 pts
The BSE Sensex ended 151 points lower at 7,971 and the NSE Nifty lost 49 points to end at 2,419. The rupee was at 45.24 over the dollar.
The stock markets plunged deeper into the red in the last trading hour today on intense selling activity across index heavyweights. Pressure on stocks from across sectors also took its toll on the markets. The breadth was negative, with losers outnumbering gainers by a ratio of over 11 to 1 on the NSE
==========================================================
FII Activity
The gross equity purchased was Rs.956.30 (in crores), and the gross debt purchased was Rs.47.30 (in crores). The gross equity sold was Rs.1,255.30 (in crores), and the gross debt sold was Rs.292.60 (in crores). The net investment of equity was Rs.(-) 299.00 (in crores), and the net debt investment was Rs.(-) 245.30 (in crores).
==========================================================


From,

Arvind.K


Note : Above msg doesn't recomend anyone to BUY/SELL.The above are just the Market information

 

[karvind79]

Dear Friends,


See the below msg (Market INFo)


Wockhardts Q3 net zooms to Rs 692 mn
Wockhardt Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a profit after tax of Rs 692 million for the quarter ended September 30, 2005 as compared to Rs 532 million for the quarter ended September 30, 2004. Total Income has increased from Rs 2252 million in Q3-04 to Rs 2609 million for the quarter ended September 30, 2005.
The Consolidated results are as follows:
The Group has posted a profit after tax of Rs 650 million for the quarter ended September 30, 2005 as compared to Rs 558 million for the quarter ended September 30, 2004. Total Income has increased from Rs 3209 million in Q3-04 to Rs 3624 million for the quarter ended September 30, 2005.
***************************************
Gujarat Ambuja Cements Q1 net declines to Rs 752.80 mn
Gujarat Ambuja Cements Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a net profit of Rs 752.80 million for the quarter ended September 30, 2005 as compared to Rs 904.60 million for the quarter ended September 30, 2004. Total Income (net of excise) has increased from Rs 6110.40 million in Q1-05 to Rs 6562.20 million for the quarter ended September 30, 2005.
The Consolidated results are as follows:
The Group has posted a Net profit (after minority interest) of Rs 1080.60 million for the quarter ended September 30, 2005 where as the same was at Rs 1009.90 million for the quarter ended September 30, 2004. Total Income (net of excise) is Rs 6782.60 million for the quarter ended September 30, 2005 where as the same was at Rs 7301.50 in Q1-05.
The consolidated results for the current quarter do not include results for the Ambuja Cement India Ltd (ACIL) and its subsidiaries Ambuja Cement Eastern Ltd and Kakinada Cements Ltd which have ceased to be subsidiaries of the Company. ACIL has since become an Associate of the company and the share of profit of Associate has been recognised. Accordingly, results for the current quarter are not strictly comparable with those of the corresponding quarter of the previous year.
************************************************

Lupin clocks Rs 451.90 mn net profit in Q2
Lupin Ltd has announced the following unaudited results for the quarter ended September 30, 2005:
The Company has posted a net profit of Rs 451.90 million for the quarter ended September 30, 2005 as compared to Rs 174.90 million for the quarter ended September 30, 2004. Total Income (net of excise) has increased from Rs 3031.90 million in Q2-05 to Rs 4140.10 million for the quarter ended September 30, 2005.
The Board of Directors of the Company have approved the proposal to raise funds up to an amount equivalent to USD 100 million by issue of Foreign Currency Convertible Bonds.

******************************************

Biocons Q2 net at Rs 44 cr; H1 net at Rs 82 cr
Biocon has reported a drop of 22% in net profit at Rs 82 crore for the first half (H1) ended September 2005 from Rs 105 crore in the year ago period. The company has witnessed a net profit of Rs 44 crore for the second quarter ended September 30, 2005. Consolidated sales in H1 increased 4% to Rs 375 crore from Rs 360 crore in the previous fiscal

*******************************************

Cranes Software gets members nod for 1:1 Bonus issue
Cranes Software International Ltd has informed that the members at the Annual General Meeting (AGM) of the Company held on September 27, 2005, inter alia, have accorded to the following:
1. Sub-division of existing equity shares of the nominal value of Rs 10/- each into 5 equity shares of Rs 2/- each fully paid up.
2. Issue of Bonus Shares in the ratio of 1:1.


************************************************

DCM Shriram Industries to declare Sep quarter results and dividend on Oct 29
DCM Shriram Industries Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 29, 2005, inter alia, to consider the following:
1. Audited Annual Accounts for the year ended March 31, 2005.
2. Dividend for the year ended March 31, 2005.
3. Unaudited financial results for the quarter ended September 30, 2005.

****************************************
Natco Pharma Sep quarter results on Oct 24
Natco Pharma Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 24, 2005, inter alia, to take on record the unaudited financial results (Provisional) for the quarter ended September 30, 2005, and recommendation of interim dividend.
=========================================================
Gabriel India gets delisted from DSE
Gabriel India Ltds shares have been delisted from Delhi Stock Exchange Association Ltd (DSE) w.e.f. October 14, 2005.
==========================================================

Adani Exports to declare Q2 results on Oct 27
Adani Exports Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 27, 2005 for taking on record the unaudited financial results for the quarter ended on September 30, 2005 (Q2).
==========================================================
MFs reduce investment in equities this month
The Foreign institutional investors (FIIs) alone are not in a bearish mode in the market. Even the mutual funds (MFs) have choked their fund flow to the market drastically in the current month till October 17. According to Sebi, the MFs were the net investors at Rs 500 crore till October 17 compared to the last months investment of Rs 3233 crore for the entire month, down by 85 %. The FIIs fund flow has also started decreasing since August and turned negative in October. They were net sellers at the bourses at Rs 1,006 crore till October 17. Their total investment was Rs 7249.10 crore in July which has gradually decreased to Rs 5051.20 crore and Rs 4646.20 crore in August and September, respectively. However, the MFs still remain in positive zone compared to FIIs
==========================================================
Post Session Market Commentary
The BSE Sensex ended 151 points lower at 7,971 and the NSE Nifty lost 49 points to end at 2,419. The rupee was at 45.24 over the dollar.
The stock markets plunged deeper into the red in the last trading hour today on intense selling activity across index heavyweights. Pressure on stocks from across sectors also took its toll on the markets. The breadth was negative, with losers outnumbering gainers by a ratio of over 11 to 1 on the NSE.
In the wake of global apprehensions and meltdown of key markets in Asia and Europe, the Indian markets closed today deep in the red. Volatility was the name of the game since trading started this morning. Mixed results from some key Indian companies also weighed heavy on sentiment. The biggest losers on the Sensex included Dr. Reddys (down 5%), Hero Honda (4%) and ONGC (4%).
In the auto sector, Hero Honda declined over 4%. Bajaj dropped Rs 43 to Rs 1,731. Maruti and Tata Motors declined over 2% each today.
In line with the overall market sentiment, power stocks closed in the red today. Major losers included PTC (down 8%), Neyveli Lignite (3%) and Reliance Energy (2%). PSU power major, NTPC (down 1%) also closed weak.
Stocks from the pharma sector closed weak today. Major losers included Glenmark Pharma (down 5%), Dr. Reddys (5%) and Cipla (4%). Selling was also seen in Ranbaxy, as the stock closed nearly 2% down.
Software stocks also closed deep in the red. Major losers included TCS (down 4%), MphasiS and Infosys (both 1% down).
==========================================================
3.30 pm: Sensex closes at 7,971; crashes 151 pts
The BSE Sensex ended 151 points lower at 7,971 and the NSE Nifty lost 49 points to end at 2,419. The rupee was at 45.24 over the dollar.
The stock markets plunged deeper into the red in the last trading hour today on intense selling activity across index heavyweights. Pressure on stocks from across sectors also took its toll on the markets. The breadth was negative, with losers outnumbering gainers by a ratio of over 11 to 1 on the NSE
==========================================================
FII Activity
The gross equity purchased was Rs.956.30 (in crores), and the gross debt purchased was Rs.47.30 (in crores). The gross equity sold was Rs.1,255.30 (in crores), and the gross debt sold was Rs.292.60 (in crores). The net investment of equity was Rs.(-) 299.00 (in crores), and the net debt investment was Rs.(-) 245.30 (in crores).
==========================================================


From,

Arvind.K


Note : Above msg doesn't recomend anyone to BUY/SELL.The above are just the Market information

Dear friends,

Above msg was posted by KARVIND79(Member of this group) and not by TAMILSELVAN.Tamilselvan is my friends and he forget to logout.at that i wrongly placed my post in his name.

This is for clarification

 

[karvind79]

Q2 results power gains in Reliance Energy


Reliance Energy put on 2.5% to Rs 523.50 after it reported vibrant Q2 results on Wednesday.



22,557 shares changed hands in the counter on BSE.

The stock moved lower by 2.5% to Rs 510.65 on Wednesday (19 October 2005) ahead of the announcement.

Reliance Energy (REL) has reported a 24.5% growth in Q2 September 2005 net profit to Rs 159.57 crore (Rs 128.13 crore). Total income leaped up 32% to Rs 1,161.36 crore (Rs 878.55 crore) on the back of higher income from engineering contracts and improved sales in electrical energy.

In Q2 September 2005, RELs equity capital went up to Rs 201.90 crore from Rs 195.40 crore, following the conversion of warrants and foreign currency convertible bonds. REL had allotted 41.8 lakh equity shares to FIIs and a corporate entity on a preferential basis. It also allotted 1.1 lakh shares on conversion of warrants and converted FCCBs into 22.8 lakh equity shares.

from,

Arvind K

 

[karvind79]

Dear Friends,

Market news upto 23/10. Viewers post ur views and ur ideas to improve this thread and also ur views will encourage me more then self interest.There is no use for me to just post daily as routine work.

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Hikal reports net profit of Rs 9.9 cr in Sep quarter
Hikal Ltd has reported a net profit of Rs 9.9 crore for the quarter ended September 30, a growth of 30 per cent compared with Rs 7.6 crore reported in the corresponding period last year. Net sales stood at Rs 60.4 crore, a 28 per cent growth compared with Rs 47.2 crore last year. Revenue from the agro division (crop protection) stood at Rs 37.1 crore, while the pharma division made a significant contribution of Rs 23.3 crore, a jump of 57 per cent. For the six month period ended September 2005, the companys revenues stood at Rs 118.2 crore, a growth of 34 per cent over Rs 87.9 crore in the corresponding period last year. Net profit stood at Rs 19.1 crore as compared with Rs 14.3 crore, a 33 % growth.
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Srikrishnan assumes charge as Executive Director of Yes Bank
Yes Bank Ltd has informed that the Reserve Bank of India has approved the appointment of H Srikrishnan as the Executive Director of the Bank and accordingly he has assumed charge as Executive Director w.e.f. October 15, 2005.
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Zenith Exports members approve re-appointment of Directors
Zenith Exports Ltd has informed that the shareholders at the 23rd Annual General meeting (AGM) of the Company held on September 30, 2005, inter alia, have accorded to the following:
1. Adoption of the Audited Balance Sheet as at March 31, 2005, the Audited Profit and Loss Account for the year ended on that date and the Report of Directors and the Auditors thereon.
2. Re-appointment of Mr. R K Loyalka and Mr. Y Gopalkrishnan as the Directors of the Company
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Alcobex Metals gets delisted from 2 SEs
Alcobex Metals Ltd has informed that the securities of the Company have been delisted from The Delhi Stock Exchange Association Ltd, with effect from October 14, 2005, and Jaipur Stock Exchange Ltd, with effect from September 10, 2005.
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Pioneer Embroideries allots bonus shares in 1:2 ratio
Pioneer Embroideries Ltd has informed that pursuant to the resolution passed by the members at the 13th Annual General Meeting of the Company held on September 29, 2005, the Board of Directors of the Company at the meeting held on October 19, 2005, have allotted 34,36,842 fully paid up Bonus Shares in ratio of 1(one) equity share of Rs 10/- each for every 2(two) equity shares of Rs 10/- each to the Shareholders of the Company.
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Gujarat NRE to declare interim dividend on Oct 29
Gujarat NRE Coke Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 29, 2005, inter alia, to consider the following:
1. Take on record the Unaudited Financial Results of the Company for the quarter ended 30th September, 2005.
2. The distribution of 3rd Interim Dividend, if any.
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Paramount Communications to declare Sep quarter results on Oct 31
Paramount Communications Ltd has informed that a meeting of Board of Directors of the Company will be held on October 31, 2005, inter alia, to consider:
1. Unaudited Financial Results for the quarter ended September 30, 2005.
2. Issuance of further shares upto USD 50 millions by way of international, offering by issue of convertible securities / Global Depository Receipts (GDRs) / ADRs /FCCBs and / or by way of private placement.
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Navneet Publications announces 50% interim dividend
Navneet Publications (India) Ltd has informed that the Board of Directors of the Company at the meeting held on October 21, 2005, inter alia, have declared interim dividend of 50% i.e. Rs 5/- per share on equity shares of Rs 10/- each
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Gujarat Apollo gets One Star Export House
Gujarat Apollo Equipments Ltd has been awarded One Star Export House by Joint Director of Foreign Trade, Ministry of Commerce & Industry, Government of India for a period of four years.
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Jindal Steel Board to consider Q2 results on Oct 31
Jindal Steel & Power Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 31, 2005, inter alia, to consider the following:
1. To approve and take on record Unaudited Financial Results for the quarter / half year on September 30, 2005 (Q2);
2. Declaration of Interim dividend for 2005-06 on equity shares.
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Geometric Software grants Options under ESOP Scheme 2005
Geometric Software Solutions Company Ltd has granted 119,000 stock options to eligible employees of the Company and its subsidiaries under ESOP Scheme 2005.
Further the Company has informed that the grant has been made on terms and conditions mentioned in ESOP Scheme 2005.
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Wipro to allot shares under ESOP
Wipro Ltd has informed that the Administrative Committee of the Board of Directors of the Company vide their circular resolution effective October 21, 2005, resolved to issue and allot 3000 equity shares of Rs 2/- each pursuant to exercise of the stock options by the eligible employees
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Rama Phosphates schedules Book Closure for AGM
Rama Phosphates Ltd has informed that the Register of Members & Share Transfer Books of the Company will remain closed from November 18, 2005 to November 25, 2005 (both days inclusive) for the purpose of 20th Annual General Meeting of the Company to be held on November 25, 2005
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Aurobindo Pharma to announce Q2 results on Oct 31
Aurobindo Pharma Ltd has informed that a meeting of the Board of Directors of the Company will be held on October 31, 2005, inter alia, to consider and take on record the Unaudited Financial Results of the Company for the second quarter and half year ended September 30, 2005 (Q2).
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New rules for service tax registration
The finance ministry has clarified that any input service distributor and any provider of taxable service whose aggregate value of such services exceeds Rs 3 lakh per annum would have to mandatorily register with the authorities. It also prescribed the revised forms for registration. As per the new rules notified on October 21, applicant would require to produce copy of PAN, proof of residence and constitution of applicant at the time of filing. Power of attorney would be required in respect of authorised person(s). DGST procedure would be valid for centralised registration.
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FII Activity
The gross equity purchased was Rs.1,250.20 (in crores), and the gross debt purchased was Rs.37.90 (in crores). The gross equity sold was Rs.1,321.30 (in crores), and the gross debt sold was Nil. The net investment of equity was Rs.(-) 71.10 (in crores), and the net debt investment was Rs.37.90 (in crores).
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From,

Arvind K


Note : Above msg doesn't recommend anyone to BUY/SELL.