Thursday, May 26, 2011

Market Report


Tata Steel FY11 net profit at Rs 8983 cr on higher volume
Ashok Leyland bags $23.3 mn order from Bangladesh
DLF Q4 net down 19% at Rs345 crore
Man Industries March quarter standalone net dips 38% to Rs18.62 crore
Dharani Sugars Q4 net profit at Rs 32 cr
JK Lakshmi Q4 net profit down at Rs 32 cr
Cairn India Q4 surges on volume growth, high oil prices
Coal India FY11 PAT up 13% at Rs 10867 cr
Advanta India plans to raise Rs 200cr via rights issue
Wipro in pact with EADS arm to make aerospace components
Defiance Technologies ties up with Epicor Software Corp
Bank of India board approves fund raising via share sale
Dhanlaxmi Bank to raise Rs290 cr via prefrential allotment


Wednesday, May 25, 2011

Market Report


PGCIL annual profit climbs 32 pc to Rs 2,696.89 cr; stock ends down
Gillette promoters pledges shares for Rs 38 cr
Bharat Forge Q4 net rises 64 pct; to boost capacity
KPIT Cummins buys 50% in Systime for Rs 103 crore
Bharat Forge Q4 net profits jump by over 63%
Mandhana Industries net for FY10-11 jumps 53.80%, revenue up 33.96%
Aurobindo gets final nod from US FDA on generic drug
Ramsarup Ind to demerge Durgapur Steel unit; stock up 11.5%
Zuari Ind board okays demerger of Zuari Holdings; stock up
Karnataka Bank Q4 PAT up 22% at Rs 90 cr
Everonn Education Q4 PAT up 59% to Rs 26 cr
Hotel Leela Q4 PAT down 7% at Rs 38 cr
Rane Brake Q4 PAT doubled at Rs 4 cr
Birla Cotsyn Q4 PAT at Rs 4.7 cr
Andhra Petro Q4 net profit at Rs 14 cr
Balaji Telefilms Q4 net loss at Rs 1.1 cr
Bannari Amman Sugar FY11 PAT down 63% at Rs 53 cr
Smartlink Network FY11 PAT down 5.6% at Rs 24 cr
Novartis India Q4 PAT up at Rs 34.1 cr
REC Q4 PAT up 25% at Rs 700 cr
Indian Hotels Q4 net profit up at Rs 93.9 cr
Himalaya International forms JV with JR Simplot
Nucleus Software ties up with Wipro Technologies
NMDC inks MoU to acquire up 50% stake in Australian miner
ITC Infotech announces strategic partnership with SAP

Tuesday, May 24, 2011

Market Report


Dish TV lowers Q4 loss to Rs37.05 crore
Divis Labs Q4 net up 35.40% at Rs175 crore
Pratibha Industries, China Rail First Group win Rs467 crore order from DMRC (Delhi Metro Rail Corporation)
Mahindra Satyam Q4 net sales up 7% at Rs 1375 cr
Vascon Engineers bags order worth Rs 1186 crore
Magma gets Rs 440 cr capital from overseas investors
China's(Industrial and Commercial Bank of China Ltd) ICBC gets licence for Mumbai branch
Tata Chemicals to raise $375mn to fund expansion plans
Govt to offload 5% equity in Bhel to raise Rs 4,500 cr
Yash Birla Group acquires Aircon Engineering Services
Hinduja Group to foray into aerospace business
IDBI to raise up to $300 mn through Swiss franc bond issue


Thursday, May 19, 2011

Market Report


Sebi eases retail investment norms in public issues
Bajaj Auto Q4 net profit soars two-fold to Rs1,400 crore
L&T wins GSPC contract worth Rs1,450 crore
Bajaj Finserv Q4 net profit doubles to Rs872 crore
Radico Khaitan report net profit of Rs17.4 crore for March quarter
RIL falls 4.5% in 2 days, unlikely to meet DGH deadline
Varun Shipping bags order worth Rs 690 cr from Petrobras
Indravarun Trade sells 1.77 lakh shares of Asahi Infra
Merrill Lynch buys 15 lakh shares of BL Kashyap
eClerx Services Q4 net down 18% at Rs 29.5 cr
Marg Q4 net profit down 36% at Rs 18 cr
Orchid Chemicals FY11 cons PAT down 54% at Rs 156 cr
Reliance Infra buy back 1 lakh equity shares
DB Corp Q4 net profit up at Rs 46.7 cr

Tuesday, May 17, 2011

Market Report


Glenmark Pharma inks $613 million outlicensing deal with Sanofi
3i Infotech sells billing and payments unit for Rs617 crore
JSW Steel Q4 net profit up on strong demand, retail sales
Wipro buys 80% stake in Brazil firm, says deal EPS positive
Unity Infra bags BOT project worth Rs 198.crore
Techno Electric to have 200mw of wind power by June
Wipro buys 80% stake in Brazilian firm, deal EPS accretive
L&T bags Rs3,500 cr order from PPN Power Generating Company
Yash Birla Group acquires additional 48% stake in  Birla Kerala Vaidyashala(BKV) JV

Thursday, May 12, 2011

Market Report


Tera Software bags UIDAI order worth Rs 63 crore
3i Infotech stake sale likely in final stage: Sources
ARSS Infra FY10-11 PAT up by 25% to Rs1,249 crore
Warburg Pincus acquires stake in Diligent Power
IDG Ventures invests $5.7 mn in Agile FT
Volvo India and Srei BNP Paribas join hands to launch financing program
Pantaloon buys 1.98 cr shares of Future Ventures amid fall
Servalakshmi Paper to list shares today
Innoventive Industries to list shares on Friday
Wipro to buy majority stake in Brazil's RKM Equipamentos
ABB Q1 net up ninefold to Rs 59.55 crore
Usha Martin Q4 net profit down at Rs 33 cr
GEI ties up with Swiss firm to manufacturing aircooled condenser
Kavveri Telecom forays into 4G technology
UIDAI to introduce IT contract worth Rs 40K cr: Sources
Tata Capital raises $800 million for various funds




Wednesday, May 11, 2011

Market Report


SEBI boss concerned about low retail partcipation
Triveni Engg bets on sugar business as prices pick up
SKS shares tumble; firm says will welcome regulatory probe
Indian ADRs: Tata Comm, HDFC Bank down, Sterlite up
MTNL launches push-mail services in pact with Bharat Berryý
JSW Steel April production up 11% at 5.60 lakh tonnes
Infinite Computer FY11 net up 35% to Rs107 crore
Reliance Comm redeems $500 mn convertible bonds
J Kumar Infra bags order worth Rs 140 crore
Elder Pharma Q4 cons net profit up at Rs 17.4 cr
Sobha Developers FY11 PAT up 33% at Rs 182 cr
Jubilant Life reports Q4 net profit at Rs 61.7 cr
RCF FY11 net up 4% at Rs 245.1 cr
Authority warns Kingfisher Airlines on dues of Rs 105 crore
Tata Motors to raise Pantnagar output to 3.5 lakh units
NTPC Q4 net profit up 38% at Rs 2,782 cr
IIFCL FY11 net rises by 61% to Rs 262.28 cr
Glenmark Pharma FY 11 net at Rs 457.83 cr
Impairment loss hits Great Eastern Shipping



Tuesday, May 10, 2011

Market Report


Govt to raise Rs 40,000 crore via public offers in FY 12
Govt issues export release orders for 91,685 tonnes of sugar
HSBC net profits soar to $4.15 bn, costs also jump
Mundra Port FY11 net up 35.82% at Rs918.14 crore
Bharat Forge subsidiary signs joint venture with David Brown Systems India
Reliance cuts natural gas supplies to non-core users
Adani Power quarterly profit jumps 77% to Rs174 crore
GE Shipping shares fall 5% on tepid revenue growth outlook
Paramount Printpackaging plunges 27% on debut
Future Ventures India to list shares today
Rainbow Papers FY11 PAT up 57% at Rs 37 cr
PTC India Q4 net profit at Rs 33.5cr
Hindalco Ind Q4 net profit up at Rs 704 cr
Graphite India Q4 net profit down at Rs 44.5 cr
Aurobindo Pharma FY11 net profit up at Rs 594 cr
Hindustan Unilever to demerge exports business
Tata Steel to raise Rs 525 cr via perpetual bonds at 11.50%





Monday, May 9, 2011

Market Report



FIIs sell stocks worth $620 mn in first week of May
Infosys raises concerns on negative sentiment about outsourcing
SKS Microfinance shares plunges 20% ahead of reporting Q4 loss
Nandan Nilekani acquires stake in Dhanlaxmi Bank
Jyothy buys 50.97% stake in Henkel India
Surya Roshni Q4 net rises 38% to Rs40 crore
Saraswat Bank FY10-11 net up 78% at Rs212 crore
Paramount Printpackaging to list shares on May 9
Muthoot Finance shuts shop at Rs 176 on debut
GSK Pharma Q1 net profit down at Rs 46 Lk
Tata Sponge Q4 net profit up 30% at Rs 43 cr
NIIT Tech FY11 cons net profit up 44% at Rs 182 cr
DCM Shriram Cons Q4 net profit at Rs 19.5 cr
Piramal Health FY11 PAT up at Rs 12,883.4 cr
Eicher Motors Q4 net profit at Rs 14.5 cr
Federal Bank FY11 cons net profit up 26% at Rs 556.5cr
GE Shipping Q4 cons net profit at Rs 10.8 cr
Godrej Properties Q4 net profit up at Rs 60 cr
Taro sues Suven Life Sciences for patent infringement
Cipla’s margins hit by product mix and new unit costs






Friday, May 6, 2011

Market Report


Post RBI policy: Banks get into rate hike mode
Diesel price hike key catalyst for oil marketing firms
Honda and Toyota extend production cut
Jet Airways pays Rs 478 crore to Sahara India
Oberoi Realty Q4 net up 30% at Rs136 crore
Escorts reports 77% jump in Q2 net profit; to set up new plant
Cipla Q4 net profit down 22% at Rs 214 cr
iGATE Q1 net income up 54% at USD 17.9 mn
Cairn to sell 40% stake in Indian arm to Vedanta for $6.8bn
Eveready Industries Q4 net profit down on lower sales
Sabre Partners to buy stake in Super Religare Labs