Archive for tag: India Infoline

IIFCL Bonds Issue Dates, IIFCL NCD Bonds Issue Interest Rates & Details

4 August, 2011 (10:48) | Songs and Music, Stocks & Mutual Funds | By: Prajapati Vijay



IIFCL Bonds Issue: India Infoline Investment Services Limited NCDs Details

Secured Redeemable Non-Convertible Debentures of Face Value of Rs. 1,000 each, aggregating upto Rs. 37,500 lacs with an option to retain over-subscription upto Rs.37,500 lacs for issuance of additional NCD’s aggregating to a total of upto Rs.75,000 lacs.

- Cheque/ DD should be drawn in favour of "IIISL- NCD IPO- Escrow"
- Issue will aggregate Rs. 375 Crore, with an option to retain oversubscription of Rs. 375 Crore i.e. overall aggregating Rs. 750 Crore.
- IIFCL Offer Coupon rate upto 11.9% p.a. on 5 Year Secured NCDs
- Issue Start Date: 4th August 2011.
- Issue End Date: 12th August 2011.
- Face Value: Rs.1000/-
- Rating: [ICRA] AA- (stable) By ICRA And CARE AA - By CARE
- Listing: IIFCL NCD will be list on NSE and BSE
- Minimum Investment: 5 NCDs (5000 Rs)

Lead managers:
- Axis bank Limited
- J.M financial Consultants Pvt Ltd
- A.K capital Services.

Registrar of IIFCL Bonds Issue: 
- Link Intime India Pvt Ltd.


Interest Rates:

Option I
Option II
Option III
Period
36 Months
40 Months
60 Months
NCD Price
1000/-
1000/-
1000/-
Interest Option
Annual
On Maturity
Annual
Interest Rate
 11.70%
11.70%
11.90%
Min NCD
5 NCD
5 NCD
5 NCD

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2010 Q2 Results, Company Q2 Results 2010

22 October, 2010 (14:46) | Songs and Music, Stocks & Mutual Funds | By: Prajapati Vijay

Update on: 27-October-2010
More 2010 Company Q2 Results Coming. Check later for more 2010 Q2 Company Results Here

- TCS Q2 US GAAP cons net profit up 14% at Rs 2106 cr
- Power Grid profit jumps 41.61 percent in Q2
- Wipro Q2 net profit slips 2.56% at Rs 1,284.9 cr  
- Bajaj Auto Q2 net profit up 70% at Rs 682 cr
- Bank of India Q2 net profit nearly doubles to Rs.616.78 crores
- Vijaya Bank Q2 net profit rises to Rs.144.31 crores
- Biocon Q2 cons net profit up 20.54% at Rs 89.2 cr
- Allahabad Bank Q2 net profit up 20.65% at Rs 402.5 cr
- TVS Motor Q2 net profit up at Rs 54.8 cr
- Sterlite Tech Q2 PAT up at Rs 57 cr
- South Indian Bank Q2 net profit up at Rs 77 cr
- ACC Q3 cons net profit down 79% at Rs 86.3 cr
- Indiabulls Fin Q2 cons net profit up 142.9% at Rs 172.7 cr
- JM Financial Q2 cons net profit up 95.58% at Rs 57.5 cr
- Corporation Bank Q2 net profit jumps 21% to Rs 352 cr
- GMR Industries Q2 net loss at Rs 30 cr
- Petronet LNG Q2 net profit up 8.62% at Rs 131.1 cr
- Adani Power Q2 net profit up at Rs 126 cr
- Mundra Port Q2 net profit up at Rs 211.7 cr
- REC Q2 net profit up 25% at Rs 618.2 cr    
- Idea Cellular Q2 net profit down 10.5% at Rs 180 cr    
- TTML Q2 net loss at Rs 98 crore
- SKS Microfinance Q2 net profit up 116% at Rs 80 cr
- Rolta Q2 net up, guides full-yr revenue growth of over 15%

- Patni Q2 net down, says is bullish on volume growth ahead
- IFCI Q2 net profit up at Rs 202 cr
- Torrent Power Q2 net profit up at Rs 223 cr
- Bajaj Electricals Q2 net profit down at Rs 23 cr
- Indian Hotels Q2 net loss at Rs 6.3 cr
- India Infoline Q2 cons net profit up at Rs 54 cr
- Trent Q2 net profit up at Rs 12 cr
- Glenmark Q2 cons net profit up 38.44% at Rs 112 cr
- Union Bank Q2 profit down 40% at Rs 303 cr on provisions
- Karur Vysya Bank Q2 net profit up at Rs 103 cr
- Hind Media Ventures Q2 net profit up at Rs 10.7 cr
- TV18 Q2 net loss at Rs 17.16 cr
- NTPC Q2 net profit down at Rs 2107.4 cr
- MRPL Q2 net profit up at Rs 280 cr
- Tech Mahindra Q2 net profit up 4.4% at Rs 150.7 cr
- Voltas Q2 cons net profit up at Rs 92.4 cr
- Raymond Q2 standalone PAT up at Rs 39.18 cr
- Dish TV Q2 net loss at Rs 45.2 cr
- JSPL Q2 cons net profit up 10% at Rs 890 cr
- JSW Steel Q2 cons net profit up 15.48% at Rs 373 cr
- Central Bank Q2 net profit up at Rs 380 cr
- Sterlite Inds Q2 cons net profit up 5.13% at Rs 1008 cr
- Dena Bank Q2 net profit up at Rs 160 cr


- J&K Bank Q2 net profit up at Rs 163.3 cr
- Titan Industries Q2 net profit up at Rs 128 cr
- Madras Cement Q2 net profit down at Rs 31.12 cr
- HOEC Q2 net profit down at Rs 14.6 cr
- Glodyne Tech Q2 net profit up at Rs 39 cr
- EID Parry Q2 cons net profit up at Rs 174 cr
- Aventis Pharma Q3 net profit up at Rs 47.3 cr
- United Bank Q2 net profit up at Rs 110 cr
- Glodyne Tech Q2 net profit at Rs 39 cr
- HSIL Q2 net profit up at Rs 13.9 cr
- Amara Raja Batteries Q2 net profit down at Rs 31.6 cr
- JSW Holdings Q2 net profit down at Rs 1.4 cr
- K Sera Sera Q2 net profit up at Rs 42 cr
- HUL Q2 net profit up 34.76% at Rs 566 cr
- Lakshmi Machine Q2 net profit at Rs 45.9 cr
- Goodyear India Q2 net profit down at Rs 19 cr
- Saint Gobain Q2 net profit up at Rs 2.1 cr
- Varun Ind Q2 net profit up at Rs 12.4 cr
- Guj Ambuja Exports Q2 net profit up 143.16% at Rs 23.1 cr
- Vivimed Labs Q2 net profit up 68.75% at Rs 13.5 cr
- OnMobile Global Q2 net profit up 117% at Rs 25 cr
- Edelweiss Capital Q2 cons net profit at Rs 66.1 cr
- Bharat Forge Q2 net profit up 154.1% at Rs 68.1 cr
- Dr Reddy's Labs Q2 net profit up 11.68% at Rs 220 cr
- RCF Q2 net profit up at Rs 60.9 cr
- Bank of Maharashtra Q2 net profit down 39.68% at Rs 52.3 cr
- Redington India Q2 cons net profit at Rs 49.3 cr
- DB Corp Q2 cons net profit up at Rs 55.1 cr
- Rashtriya Chemicals and Fertilizers Q2 profit up at Rs.60.88 crores
- Mahindra & Mahindra Financial Services Q2 profit at Rs.123.19 crores
- Piramal Healthcare Q2 consolidated profit at Rs.12540.44 crores
- Mahindra Forgings Q2 loss at Rs.2.21 crores
- Vardhman Textiles Q2 net profit up at Rs 116 cr
- Kale Consultants Q2 net loss at Rs 1 cr
- FAG Bearings Q2 net profit up at Rs 31.4 cr
- Ipca Labs Q2 net profit surges to Rs 94 cr
- Chennai Petroleum Q2 net profit down at Rs 98 cr
- NIIT Q2 net profit up at Rs 28.5 cr
- Geometric Q2 net profit up at Rs 13.8 cr
- Ajanta Pharma Q2 net profit up at Rs 10 cr
- JSL Stainless Q2 net profit up at Rs 64.6 cr
- Tamil Nadu Newsprint Q2 net profit up at Rs 53.1 cr
- Binani Cement Q2 net profit at Rs 1 cr
- Southern Ispat Q2 net profit up 942.86% at Rs 7.3 cr
- Finolex Industries Q2 net profit up at Rs 15.9 cr
- Indian Bank Q2 net profit up 11.77% at Rs 415.8 cr
- Sasken Comm Q2 cons net profit down at Rs 15.7 cr
- SKF India Q3 net profit up at Rs 41 cr
- Novartis India Q2 profit up at Rs 40.6 cr
- Ambuja Cements Q3 net profit down at Rs 152.1 cr
- Persistent Systems Q2 net profit up at Rs 35.83 cr
- Alstom Projects Q2 net profit down at Rs 37 cr
- Oil Country Tubular Q2 net profit down at Rs 3.2 cr
- Prime Securities Q2 PAT up at Rs 3 cr
- Info Edge Q2 net profit up 3.5% at Rs 17.9 cr
- Pennar Ind Q2 net profit up 41.7% at Rs 17 cr
- Asahi Songwon Q2 net profit up at Rs 4.2 cr
- SPARC Q2 net profit at Rs 8.8 cr
- eClerx Services Q2 cons net profit up at Rs 27.6 cr
- Zensar Tech Q2 cons net profit down at Rs 27.5 cr
- Indiabulls Real Estate reports Rs 62.48 crore turnover for quarter ended Sep 2010
- Religare Enterprises reports Rs 16.53 crore turnover for quarter ended Sep 2010
- Transformers and Rectifiers India reports Rs 114.05 crore turnover for quarter ended Sep 2010
- Tanla Solutions reports Rs 6.06 crore turnover for quarter ended Sep 2010
- Bombay Dyeing Q2 net loss at Rs 30.6 cr
- VIP Ind Q2 net profit up at Rs 11.4 cr
- GNFC Q2 net profit up at Rs 64 cr
- Motilal Oswal Q2 net profit down at Rs 33.1 cr
- Lanco Industries Q2 net profit up at Rs 20.4 cr
- Ashok Leyland Q2 net profit up 89% at Rs 167.1 cr
- Mangalore Chemicals Q2 net profit up at Rs 33 cr
- Cadila Healthcare Q2 cons net profit up at Rs 171 cr
- Supreme Ind Q2 net profit up at Rs 40 cr
- Greaves Cotton Q1 net profit up at Rs 36 cr
- Manappuram Gen Fin Q2 net profit up at Rs 60.2 cr

- Hindustan Copper Q2 net profit up at Rs 56.2 cr
- Dabur Q2 net up, says will maintain momentum in Q3, Q4
- Asian Paints Q2 cons net profit down at Rs 214 cr
- 3M India Q2 net profit up at Rs 22.5 cr
- Elecon Engg Q2 net profit up at Rs 14.2 cr
- AstraZeneca Pharma Q2 net profit up at Rs 17.5 cr
- Usha Martin Q2 net profit shot up to Rs 32.5 cr
- Astra Microwave Q2 net profit at Rs 5 cr
- Sukhjit Starch Q2 net profit up at Rs 10.3 cr
- Kalindee Rail Q2 net profit up at Rs 1.4 cr
- HT Media Q2 cons net profit up at Rs 39 cr
- Dabur India Q2 cons net profit up at Rs 160 cr
- Phillips Carbon Q2 net profit down at Rs 24.3 cr
- Dolphin Offshore Q2 net profit up at Rs 17 cr
- Manali Petrochem Q2 net profit at Rs 4.6 cr
- Bata India Q3 net profit up at Rs 20.7 cr
- Suven Life Sciences Q2 net profit down at Rs 2.3 cr
- Mukand Q2 net profit up at Rs 17.5 cr
- Piramal Glass Q2 cns net profit surges to Rs 20.7 cr
- Gujarat Alkalies Q2 net profit up at Rs 20.1 cr
- Alfa Laval Q3 net profit up at Rs 37.1 cr
- K Sera Sera Q2 net up, eyes global diversification ahead
- SRF Q2 standalone net profit up at Rs 121.41 cr
- Hinduja Ventures Q2 net profit up at Rs 28 cr
- Swaraj Engines Q2 net profit up at Rs 10.8 cr
- Deepak Fertiliser Q2 net profit up 14.7% at Rs 41.4 cr
- Marico Q2 cons net profit up 14.74% at Rs 71.6 cr
- DCM Shriram Q2 net loss at Rs 24 cr
- IBN18 Broadcast Q2 cons net loss at Rs 12.9 cr
- Infomedia18 Q2 net loss at Rs 7.4 cr
- UltraTech Cement Q2 net profit down at Rs 116 cr
- Harrisons Malyalam Q2 net loss at Rs 6 cr
- United Phosphorus Q2 net profit up at Rs 115 cr

- Krishna Lifestyle Technologies reports Rs 154.13 crore turnover for quarter ended Sep 2010
- State Bank of Travancore reports Rs 1,250.35 cr profit for quarter ended Sep 2010
- RPG Life Sciences reports Rs 51.38 crore turnover for quarter ended Sep 2010
- Gujarat State Fertilizers Company reports Rs 1,300.66 crore turnover for quarter ended Sep 2010
- Gujarat Narmada Valley Fertilizers Company reports Rs 801.85 crore turnover for quarter ended Sep 2010
- Lanco Industries reports Rs 172.07 crore turnover for quarter ended Sep 2010
- Pidilite Industries reports Rs 589.56 crore turnover for quarter ended Sep 2010



Source: Moneycontrol.com (Check Detailed Reports on Moneycontrol.com)

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Aqua Logistics to consider stock-split & fund raising

29 June, 2010 (08:56) | Songs and Music, Stocks & Mutual Funds | By: Prajapati Vijay

Aqua Logistics, India’s foremost global logistics and supply chain partner providing end-to-end solution in the logistics and supply chain domain, today announced that company’s board will meet on June 28, 2010 to consider sub-division of company’s equity shares, subject to approval of shareholders. Further, the company will also seek shareholders approval to raise US$ 70 million through various options including Global Depository Receipts (GDR) or / American Depository Receipts (ADR), QIP / QIB, FCCB.

Recently, the company completed acquisition of three Hong Kong-based companies - CIT Logistics, TAG Logistics and AGI Logistics through its wholly-owned subsidiary Aqua Logistics HK. CIT Logistics is an integrated logistics company while TAG Logistics provides hub distributions through its closely related custom bonded warehouses. AGI Logistics provides supply chain management solutions, contract logistics services and international forwarding services. Aqua Logistics has initially acquired a majority stake of 60% shareholding in the three companies for a total consideration of $7.09 million. Aqua will acquire additional 15% equity stake spread over a 5-year period.

Source: India Infoline Ltd

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Sensex struggles as bulls continue to stay on sidelines

31 March, 2010 (11:16) | Songs and Music, Stocks & Mutual Funds | By: Zander

Due to lack of support at higher levels, the market is drifting down once again this afternoon. With no big triggers to warrant any significant buying, investors are treading a cautious path today.

With a long weekend ahead and the reporting season not far away, participants appear somewhat reluctant to make fresh commitments. Asian markets struggled today amid concerns about the debt worries in some parts of the globe.

Though Indian economy is showing sure signs of a sustained growth, inflation continues to remain a major concern. There are expectations that the Apex bank may resort to another rate hike to rein in inflation and this has resulted in a section of investors choosing to lighten commitments to a notable extent.

The Sensex is now down 28.49 points or 0.16% at 17,561.68. At 5257.30, the Nifty is down 5.15 points or 0.1% from its previous closing mark.

HDFC rules firm with a sharp gain of 2.6%. NTPC is up nearly 2% at Rs 207. Reliance Infrastructure and Sun Pharmaceuticals are up 1.35% and 1.25% respectively.

HDFC Bank has gained nearly a percent. DLF, ACC, Tata Power, State Bank of India, Wipro, ONGC and Maruti Suzuki are up with modest gains. Bharti Airtel, which rallied sharply this morning and traded firm for well over three hours, has given up almost all its gains now.

ITC is down with a sharp loss of 2.4% at Rs 262.50. Tata Consultancy Services, Hindalco and Infosys Technologies are trading lower by 1.25% – 1.5%. Reliance Industries is down nearly a percent at Rs 1077.50. Hindustan Unilever, Mahindra & Mahindra, BHEL, Larsen & Toubro, Reliance Communications, ICICI Bank and Jaiprakash Associates are also trading weak.

Gujarat NRE Coke, Tech Mahindra, Corporation Bank, United Spirits, HCL Technologies, Mahindra & Mahindra Financial Services, IRB Infrastructure, Balrampur Chini, India Infoline and Lanco Infratech are trading notably lower.

After a splendid surge, Procter & Gamble has come off its high due to profit taking. Still, at Rs 2109, more than Rs 100 down from its high, the stock is up as much as 8.8% over its previous closing price.

Ashok Leyland has gained nearly 5% at Rs 56.70. KSK Energy is up with a gain of 4.25%. SAIL, Andhra Bank, Glenmark Pharmaceuticals, Sesa Goa, GAIL India, Educomp Solutions, United Phosphorus, CESC and Thermax are also up with handsome gains.

article source: sify

2365038957332120283 1430147553663746319?l=stockinfos.blogspot Sensex struggles as bulls continue to stay on sidelines thelivedemo.com

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Nifty pares gains; Hindalco, BPCL, IDEA down

31 March, 2010 (10:43) | Songs and Music, Stocks & Mutual Funds | By: Zander

Benchmarks drifted in the negative terrain as traders continued to book profits. Negative Asian markets also dampened sentiments. Gains in auto and power stocks were offset by losses in oil&gas and metals space.
“We expect a flat to slightly positive opening. On the whole, the trend will remain lackluster till the first batch of earnings start kicking in. Though the small-cap and mid-cap counters may remain abuzz one should resist the temptation of buying into illiquid, fundamentally weak stocks. Thursday heralds a new fiscal year. Having completed “year-end” commitments, it will be time to do proper due diligence of your portfolio.
A cooling was due for some time now. Once the key indices touched new 52-week highs it was only a matter of time. Interestingly, the market breadth, which had been negative for a few sessions, turned in favour of the bulls,” said India Infoline report.
At 10:50 am, National Stock Exchange’s Nifty was at 5255.15, down 7.3 points or 0.14 per cent. The broader index touched a high of 5293.90 and low of 5250.65.
Bombay Stock Exchange’s Sensex was at 17580.16, down 10.01 points or 0.06 per cent. The 30-share index hit a low of 17560.76 and high of 17699.50.
BSE Midcap Index was up 0.22 per cent and BSE Smallcap Index moved 0.68 per cent higher.
Amongst the sectoral indices, BSE Auto Index was up 0.64 per cent and BSE Power Index gained 0.61 per cent. BSE Oil&gas Index moved 0.59 per cent lower and BSE Metal Index declined 0.52 per cent.
Hero Honda (1.76%), Bharti Airtel (1.51%), M&M (1.34%), DLF (1.23%) and Tata Motors (1.07%) were the top Nifty gainers.
Hindalco (-1.63%), BPCL (-1.55%), IDEA (-1.50%), Jindal Steel (-1.39%) and IDFC (-1.11%) led the decline.
Market breadth was positive on the BSE with 1467 advances and 920 declines.
US stocks ended in the green after data showed some stabilization in the economy. The Dow Jones industrial average edged up 0.11 per cent, the Standard & Poor’s 500 Index closed flat and Nasdaq Composite Index moved 0.26 per cent higher.
Japan’s Nikkei average showed some buying activity on expectations of some recovery in growth next fiscal. However other indices were witnessing profit booking. Nikkei 225 was up 0.29 per cent, Shanghai Composite was down 0.53 per cent, Strait Times slipped 0.61 per cent and Seoul Composite declined 0.44 per cent.
article source: economictimes
2365038957332120283 8652498043772020221?l=stockinfos.blogspot Nifty pares gains; Hindalco, BPCL, IDEA down thelivedemo.com

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Closing Bell

17 March, 2010 (12:09) | Songs and Music, Stocks & Mutual Funds | By: Zander

3:30 pm: Equities advanced further Wednesday, with the Sensex closing at provisional 17,489.57, up 106.39 points or 0.61%. The 30-share BSE
index touched a high of 17,576.78 versus a low of 17,389.47. The top index gainers were Hindalco, TCS, ICICI Bank, Sun Pharma, L&T, Wipro, Reliance Infra, HDFC, ITC, Bharti Airtel, among others. Losers included Maruti Suzuki, Hindustan Unilever, Tata Motors, Tata Power, M&M, ACC.
3:05 pm: Nirmal Bang Securities has recommended investors to buy shares of Unitech with a stop-loss of Rs 73 from a trading perspective. “Buy the stock with a stop-loss of Rs 73 from a trading perspective. If it holds above Rs 77 in the near term then we see Rs 80-82 going forward,” said the brokerage.
2:47 pm: Anagram Stock Broking has advised investors to ‘Subscribe’ to initial public offering of Persistent Systems. The IPO is attractively priced considering the potential upside due to capacity addition and earnings in the long term, it says. “At the upper price band, the issue is priced at a P/E of 12x its annualised earnings for the 9 months ended December 2009. It is attractively priced considering the potential upside due to capacity addition and earnings in the long term. Even from a long-term perspective, the company can provide significant returns. We recommend investors to subscribe to the issue if they wish to get an exposure to the mid-cap IT sector,” the report said.
2:25 pm: Parenteral Drugs India Ltd, through its subsidiary Parenteral Biotech Ltd, has entered into an exclusive license, supply and distribution agreement with Sinovac Biotech Co., China, for purchase and supply of HIN1 Influenza Vaccine (Split Virion) and Inactivated (PANFLU,1) for supply of the products in the Indian market on an exclusive basis. On BSE, shares of Parenteral Drugs were up 0.78% at Rs 220.
2:15 pm: India Infoline has advised traders to buy Mercator Lines for target of Rs 65. “Mercator Lines had been on a downtrend from the first week of March 2010. In fact, the stock has seen a sharp decline from the levels of Rs 61 to a low of Rs 56. The Daily RSI is exhibiting strong positive divergences, which indicates that the worst is over and that the trend should reverse from the current levels. We expect the stock to witness smart pullback from the current levels. Volumes have shown a smart increase in the past few sessions, which suggests accumulation at lower levels. A bullish candlestick on Tuesday further validates our argument of a short-term bounce in the stock. We recommend a buy for a short-term target of Rs 65 with a stoploss of Rs 56,” the report said.
2:00 pm: CARE has assigned ‘IPO Grade 2’ to the proposed initial public offer of Rosmerta Technologies Ltd, which indicates below average fundamentals. Rosmerta is planning an IPO of 28,00,000 equity shares of face value of Rs 10. The grading is constrained by the relatively small size of operations with moderate corporate governance practices and internal control processes reflected in delays in payment of statutory dues in the past, dependence on sole supplier and the fact that business is subject to approvals by the government, exposing Rosmerta to regulatory risks.
1:33 pm: Transport Corporation of India Ltd has approved the Scheme of Arrangement relating to the demerger of “Real Estate & Warehousing” division with effect from April 1, 2010. After Scheme formalization, the shareholders of TCI will get 1 equity share having face value of Rs.10 each in the transferee company, TCI Developers Ltd, against every 20 shares of face value of Rs.2 each. The company’s stock was down 3.23% at Rs 109.40 on NSE.
1:18 pm: JBF Industries Ltd informs that there was a fire at the site of expansion plant at Saily, Silvassa. The fire was brought under control in about one and a half hours. There is no significant impact on company’s production. The company’s shares were up 1% at Rs 106.90 on NSE.
1:14 pm: Nitin Fire Protection Industries Ltd has announced that the company and its subsidiary has received and is executing single order for design supply, testing and commissioning of special fire fighting and liner heat detection systems for their utility tunnel of over $3.5 million. On NSE, the company’s shares were up 1% at Rs 366.10.
1:10 pm: Dishman Pharmaceuticals and Chemicals Ltd’s Bavla facilities are approved by Therapeutic Goods Administration, Department of Health and Ageing, Australian government, for all Active Pharmaceutical Ingredients production. The company’s shares were up 0.73% at Rs 219.50 on NSE.
1:00 pm: Religare Mutual Fund has announced the launch of an 18-month fixed maturity plan Series II-Plan E. The new fund offer opened today and closes on March 25. The scheme plans to generate income by investing in a portfolio of debt and money market instruments maturing in line with the maturity of the scheme. The benchmark of the scheme is the CRISIl Short Term Bond Fund Index.
12:26 pm: Birla Power Solutions Ltd will announce plans to invest in Special Purpose Vehicle for solar and thermal power generation businesses. The SPV will be a subsidiary. On NSE, the company’s shares were up 2.82% at Rs 3.65.
12:02 pm: Reliance MediaWorks Ltd has signed an memorandum of understanding with Imagica Corp, Japan’s largest lab and post-production company providing high-quality one stop services, from shooting to distribution. Under the alliance, the companies would provide film restoration, image processing and enhancement and HD conversion services to Japanese broadcasters and studios. On NSE, Reliance MediaWorks shares were up 0.81% at Rs 68.40.
11:39 am: Aksh Optifibre Ltd informs that BSNL has launched commercially the fibre to home project in the city of Jaipur for the first time in India in association with the company. The company will lay the last mile fibre, market, acquire customers, and deliver triple play on a prepaid model basis. The revenue share is as per the agreement with BSNL. The company’s shares were down 2.04% at Rs 21.65 on NSE.
11:16 am: Subhash Projects & Marketing Ltd has received two orders worth Rs 475.34 crores. The first project, to be executed in joint venture with Kirloskar Brothers Ltd, is from Bangalore Water Supply and Sewerage Board, for Civil and Electromechanical Works for Pumping Stations and Reservoirs at T.K Halli, Harohalli and Tataguni, valued at Rs.439.35 crores. The second contract is from Delhi Jal Board, for replacement of existing Jal Vihar and Kailash mains from Rajib Gandhi Smriti Van to Jal Vihar and Kailash reservoirs for a value of Rs.35.99 crores. On NSE, Subhash Projects shares were up 1% at Rs 141.95.
11:09 am: Steel Strips Wheels Ltd informs that Renault, France, has nominated the company to source their requirements of steel wheel rims for yet another of their new prestigious project in Europe. Steel Strips will be a single source for this project. The company expects to supply 3,00,000 steel wheel rims in 5 years. On NSE, the company’s shares shot up nearly 8% to Rs 114.35 following this announcement.
11:03 am: Larsen & Toubro Ltd has won a turnkey project worth Rs 1,013 crore from Oil & Natural Gas Corporation for four well platforms for Phase II of Mumbai High North redevelopment project. The Mumbai High field is in production since 1974 and ONGC is in the process of augmenting production through latest hydrocarbon lift techniques and improved reservoir recovery. L&T shares were higher by 1.49% at Rs 1,623 on NSE.
10:48 am: HSIL has entered into Business Transfer Agreement with Havells India Ltd. on March 16, whereby it is acquiring whole of its “Business Undertaking” engaged in the business of manufacturing and dealing in chrome plated brass bathroom fittings and accessories (Faucet Business), situated at Bhiwadi, Rajasthan for cash consideration. On NSE, the company’s shares were up 2.18% at Rs 79.55.
10:36 am: Inox Leisure Ltd informs that the commercial operation of company’s new Multiplex Cinema Theatre at Maharanipet, Vishakhapatnam, commenced from March 17. On NSE, the company’s shares were up 0.21% at Rs 70.70.
10:10 am: BIG FM, the radio arm of Reliance Media World Ltd, has announced the launch of BIG Impact-Classified Ads on Radio, which will introduce first-time radio advertisers to a virtual radio classified section, allowing them to communicate concise advertising messages to their target audience. Reliance Media shares were up 1.25% at Rs 68.70 on NSE.
10:04 am: Patni Computer Systems Ltd has announced the establishment of a new North American hub for Business Process Outsourcing operations in EL Paso, Texas. The move was triggered by a multiyear, multimillion-dollar BPO services contract with a leading healthcare technology and services provider. The company’s shares were up 0.90% at Rs 522.65 on NSE.
9:59 am: The board of Kemrock Industries and Exports Ltd has approved the opening of the issue of Global Depositary Receipts (GDRs) on or before March 31. The price for the underlying equity shares has been fixed at Rs. 460 per share and the ratio for conversion of GDRs into shares at 1:1. On NSE, the company’s shares were trading 1.24% higher at Rs 461.
9:45 am: Nirmal Bang Securities has recommended investors to buy shares of Tata Steel on dips. If the stock manages to hold above 630 in the near term, then a strong rally upto 650 – 665 and then 674 is likely. Stop-loss can be placed at 613.
Shares of the company were trading at Rs 639, up 1.88 per cent or Rs 11.80 on the NSE.
9:15 am: Early Nifty gainers comprised Idea Cellular (3.69%), ABB (2.69%), Jaiprakash Associates (1.89%), DLF (1.63%) and Tata Steel (1.5%). Hindustan Unilever (-1.01%) was the lone laggard in the 50-share index.
9:00 am: Stocks opened on a positive note on the back of strong global cues. National Stock Exchange’s Nifty was trading at 5233.40, up 0.68 per cent or 35.3 points from the previous close. Bombay Stock Exchange’s Sensex was up 115.02 points or 0.66 per cent at 17,498.20.
article source: economictimes
2365038957332120283 303345215728651112?l=stockinfos.blogspot Closing Bell thelivedemo.com

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Nifty on firm foot; M&M, ABB, ICICI Bank gain

10 March, 2010 (05:40) | Songs and Music, Stocks & Mutual Funds | By: Zander

MUMBAI: Benchmarks held on to early morning gains on Monday in line with other global indices. All the sectoral indices were in the green led by auto, realty and pharma stocks. ( Watch )
“A bright Monday morning is in the offing as the bulls seem to be in a mood to trespass 5100 comfortably and not be prosecuted. Friday’s smart gains in the US following an encouraging jobs report and higher Asian markets will do the needful as far as opening gains are concerned.
Remaining comfortable above 5100 remains a challenge; but given the momentum in recent times flirting with 5200 seems on the cards shortly. On the downside, 5000 remains a good short-term support.
Overall sentiment has improved slightly post the better than expected Budget. However, in the near term, the market could face some resistance at higher levels. Valuations are not cheap and uncertainties persist on the external front.
On the macro front, things are shaping up well, but much will hinge on how the monsoon unfolds. Concerns over inflation and its fallout on the monetary policy will continue to play on investors’ minds,” said India Infoline report.
At 10:45 am, National Stock Exchange’s Nifty was at 5134.30, up 45.50 points or 0.89 per cent. The broader index touched a high of 5147.10 and low of 5092.15.
Bombay Stock Exchange’s Sensex was at 17147.82, up 153.33 points or 0.90 per cent. The index hit a high of 17187.55 and low of 17034.92.
“Indices are likely to face resistance at the 17350-17500-17800/5150-5180-5200 levels. Any surge in the indices may see profit taking around the indicated resistances. Downside supports are placed at the 16900-16800-16650/5100-5050-5000 levels. Depending on the global cues we expect to see a recovery from the mentioned supports and the trades could be influenced by strong moves sectorally. Any move until the above mentioned resistances shall be utilized to exit from long positions and look out for a sustainable move. However, looking at the broader scenario we advise investors to play the broad range movement with caution and strict stop losses,” said Karvy Stock Broking in its weekly note.
BSE Midcap Index was up 1.02 per cent and BSE Smallcap Index moved 1.38 per cent higher.
Amongst the sectoral indices, BSE Auto Index was up 1.42 per cent, BSE Realty Index moved 1.38 per cent higher and BSE Healthcare Index advanced 1.20 per cent.
Nifty gainers comprised Mahindra & Mahindra (3.16%), ABB (2.26%), ICICI Bank (2.04%), Jaiprakash Associates (2.02%) and Hero Honda (1.77%).
Punjab National Bank (-1.22%), Hindustan Unilever (-0.47%), State Bank of India (-0.46%) and BPCL (-0.2%) were the losers.
Market breadth on BSE remained positive with 1949 advances against 603 declines.
“US stocks jumped and the Nasdaq soared to its highest close in 18 months on Friday as US employers cut fewer jobs than expected and consumers’ appetite for credit showed signs of stabilizing. The Dow Jones Industrial Average climbed 122.06 points, or 1.17 per cent, to end at 10,566.20. The Standard & Poor’s 500 Index gained 15.73 points, or 1.40 per cent, to finish at 1,138.70. The Nasdaq Composite Index rose 34.04 points, or 1.48 per cent, to close at 2,326.35.
Asian counters also rose on the back of US economic data which sent the Nikkei up 1.63 per cent and Topix up 1.29 per cent. Hang Seng advanced 1.03 per cent and Straits Times added 1.17 per cent.

Article Source: economictimes

2365038957332120283 2991638490249991696?l=stockinfos.blogspot Nifty on firm foot; M&M, ABB, ICICI Bank gain thelivedemo.com

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