Indian Equity Updates

SBI Bonds 2011 Allotment Status

2011-03-17T03:11:00.000-07:00

Allotment Status is available at SBI Bonds Series 4 Lower Tier II Bonds

Suzlon's REPower good Q1 Q2 results announced post closure of Indian Market

2010-11-14T07:56:00.000-08:00

he German wind turbine manufacturer Repower, owned by Suzlon came out of the first half of financial year 2010/11 with an EBIT, which rose almost 25 per cent. to 21.8 million. euros. Revenue fell to 499 million. euros from 609.7 million. euros.

The company continues to expect revenue of 1.5 to 1.6 billion. euros for the full year and an EBIT margin of 7.5 to 8.5 per cent.

The order book has increased markedly to 2254 MW from 1307 MW at the same time last year, said Repower.

The Germantown Wind Turbine Manufacturer Repower, owned by Suzlon kom ud af det første half of Financial Year 2010/11 med et EBIT, der Rose næsten 25 per cent. two 21.8 million. euros. Revenue Fell two 499 million. euros from 609.7 million. euros.

Virksomhedens Continue to Expect revenue of 1.5 two 1.6000000000000. euros for the full year and an EBIT margin of 7.5 two 8.5 per cent.

The orderbook har ökat markedly two 2254 MW from 1307 MW to Samtidig last year, sa Repower.

Suspect if Suzlon is turning back to profit in next qtr and Suzlon share price may past 59 sooner than later. This news of RE POWER should be double conformance however,depends when our Indian media prints it

Disclaimer : Owner of Suzlon share long term bet, Tracking since past 1 year.

source http://www.finansnyheder.dk/news/ShowNewsStory.aspx?StoryId=11417252

Can Cairn Vedanta deal happen?

2010-08-21T23:33:00.000-07:00

Insider's Guide - Get Convert Measure

Well deal is not going to get stopped. Clauses govt has put are not enough to stop the deal and Vedanta and Cairn have duly gone thru them considering the fact that Govt will intervene due to ONGC

So, what left is ONGC decision of take over? This time No as ONGC is nothing but a cash cow for Govt. How can milk be diverted to others. If ONGC did not diverted for Shale Gas definitely no money to invest domestically either.

Be it whatever way, deal will happen, Sesa Goa will fail to get 20% rights and Cairn will sell additionally 15%-20%

Get a chance to win to Venice from Samsung

2010-05-18T19:33:00.000-07:00

Samsung lifestyle currently comprises four divisions in the north - IT, audio and video, home appliances and mobile phones. Each division offers the possibility of developing a particular lifestyle in the office, at home or on the go. TV and home theater systems is now also a part of home decor. Mobile has become an indispensable part of ourselves. Refrigerator design compliment the kitchen. And the printer can be left on the desktop, without having to be ashamed of how it looks.

Samsung have over time built up a strong trust with the Nordic customers and happy to announce a chance to win to Venice

Samsung

Expert Portal Denmark's largest portal for renowned experts

2010-05-02T19:16:00.000-07:00

Expert Portal Denmark's largest portal for renowned experts

If you're tired of simply being in a flock, then Expertportal.dk is
one of the best ways to stand out and be seen at. Whether you are self-employed, job seekers or simply expert. Build personal branding, recognition, create passion in life

There so many ordinary experts out there
- The trick is to find people who know what we want to know. Productivity requirement is large, the topic spread far-trapping, and unfortunately there is always time for long immersion. Therefore chosen the usual experts - The Usual Suspects - when it comes to sources of a story. Thumping predictable - and often thumping boring. Because there are so many ordinary experts out there that could help with new and different knowledge. People who have dedicated their lives to their passion and know everything about such. Real Madrid or Manchester United.

Buzzanova - a new viral advertising

2009-12-30T18:25:00.000-08:00

Buzzanova går ind for at lave lidt sjovere reklamer til folket. bla. TictacMicha som kan ses her http://www.tictacmicha.com/

Buzzanova tager udgangspunkt i at lytte til forbrugerne og der ud fra lave reklamer der både er sjove men også interessante så de inddrager brugerne og giver dem mulighed for at involvere sig med produkter eller brands. Se det kunne de andre selskaber der laver reklamer godt lære noget af.

Buzzanova has many funny commercials for the people.
TictacMicha is one of them which can be viewed here http://www.tictacmicha.com/

Buzzanova is based on listening to consumers and with it's ability to funny advertising they involve the users and allows them to get involved with products or brands.

Funny Little Impossible Girl

2009-12-04T23:35:00.000-08:00

Se de sjove fraklip fra børnfondens nye reklamefilm med bla. Bent Fabricius-Bjerre i hovedrollen der prøver at få styr på den lille umulige pige.

See the funny outtakes from the children fund new commercials with blah.
Starring Bent Fabricius-Bjerre trying to get a grip on the little girl impossible.

Link : http://www.dagensbuzz.dk/video/40/13/autoplay

Earn by blogging for paid campaigns

2009-11-27T23:32:00.000-08:00

Er du en publisher? Hvis det er tilfældet er det nu muligt at tjene penge ved at sprede sjove reklamer, virale film og spil via din blog eller dit website nemt og hurtigt. Du kan tage forskellige kampagner og enten blive betalt pr. blogpost eller pr. film view eller click.

Buzzanova de førende indenfor viral markedsføring i Danmark, står bag den geniale ide med buzzamedia.

Are you a publisher? If so, it is now possible to earn money by spreading the fun advertising, viral movies and games through your blog or website quickly and easily. You can take a variety of campaigns and either get paid per. blog post, or by. movies view or click.

Buzzanova leader in viral marketing in Denmark, behind the brilliant idea of
buzzamedia/.

Fight Againt the Winter Blues, Visit Canary Islands

2009-11-16T08:42:00.000-08:00

Sig nej til Winter blues. Gør som beboerne på De Kanariske Øer der aldrig har hørt om de lange mørke vinter dage, vinterdepression eller dårligt vejr i det hele taget; Say no to winter blues. Besøg nowinterblues og se den charmerende reklamefilm og læs om hvad du kan opleve på De Kanariske Øer.

Besøg De Kanariske Øer på ferie denne vinter og nyder solen skinne hver dag.
Kom ud af vinterdepression.

Say no to the Winter blues. Do as the inhabitants of the Canary Islands have never heard of the long dark winter days, winter depression or bad weather at all, "Say no to winter blues. Visit nowinterblues and see the charming commercials and read about what you can experience in the Canary Islands. Visit Canary Islands on Holidays this winter and enjoy Sun shine every day.
Get out of winter depression.

TeamUnibet

2009-10-24T18:11:00.000-07:00

Robert Hansen får et blowjob af hans nye ven. Se det overraskende og ucensureret klip...

More videos here
http://www.teamunibet.dk

Christian farm tour

2009-10-14T19:03:00.000-07:00

Christian har startet det alternative rejsebureau Farm Tours og tager ud for at se om folk på gaden er klar på noget frækt med dyr.
Translated to English for English readers

Christian has started the alternative Farm Tours and go out to see if people on the street is aware of something bold with animals.

Info Link dagensbuzz

Tina get naked and .....

2009-09-06T04:36:00.000-07:00

Basic Card launch new campaign. Help Tina from Aquador win model competition worth 25.000

Basickort lancere nyt kampagne. Hjælp Tina fra Aquador model konkurrencen og vind 25.000,-

Cheapest Indian Sugar Companies

2009-08-12T05:04:00.000-07:00

Among Sugar stocks with World Sugar running at $532, it shall be very difficult for India to import sugar hence, existing sugar prices may reach rs 35/kg in coming months with no relief in coming year. check out DCM Shriram Industries at 138.10 on BSE. This stock is at cheaper valuation by 60% if compared with other medium sized sugar companies like Dhampur and Shakti.

This company is also in Tyre Industry and Q1 FY010 was about 40cr. Further comparing valuation, it should be around 230 however, prices kept low due to unknown reasons perhaps investors unawareness. Expected first tgt is 170

Online Casino reports

2009-08-03T19:45:00.000-07:00

Online Casino og Poker

OCR - Covers the local markets exclusively. It offers many services to users such as gaming articles, videos, game guides, and reviews.

Visit the site by clicking on the image below

The latter are carefully selected to cover only those online gambling sites that cater to local players: they are in Danish/Swedish and provide customer support in the language; they accept deposits in the local currency and support local payment methods; they list and link to gambling-related sites in the local market, and more.

Please feel free to explore the site yourself.

Channel on YouTube:

http://www.youtube.com/ocreditor

Our Blog:

http://blog.onlinecasinoreports.com/

Karolines Cookbook on iPhone

2009-06-10T08:27:00.000-07:00

Ny IPhone applikation. Karolines Kogebog til Iphone er nu kommet til Danmark. Er du indehaver af en iPhone, så er aftensmaden reddet! Opskrifterne kan hentes kvit og frit sammen med billeder, indkøbsliste og ernæringsindhold.

New iPhone application. Karolines Cookbook for the Iphone has now come to Denmark. Are you the owner of an iPhone, then supper saved! Recipes can be downloaded free, and even with pictures, shopping lists and nutritional content.

Join Norges Kreative college Kristiania

2009-03-27T10:16:00.000-07:00

Norges Kreative Fagskole er en skole med kreative fag innen design, foto, musikk, reklame, illustrasjon og film - og mye mer. Skolen holder til midt i Oslo på Campus Kristiania. Søknadsfristen for neste skoleår er 15. april. Filmen du nå ser er laget av studentene våre!

Dette Creative skolen ligger i hjertet av Oslo, territorium Norge. og programmer til å bli med høgskolen er tilgjengelig før den 15 april 2009. Så Fort!

Notification from Norwegian Kreative College

Norges Kreative college is a school with creative professionals in design, photography, music, advertising, illustration and film - and much more. The school is located right in the city on Campus Kristiania. The application deadline for the next school year is 15 April. The film you see above is made by the students!

This Creative school lies in the heart of Oslo, territory Norway. and applications to join the college are available until 15th April 2009. So Hurry!!

US Dollar Doomed as Credit Crisis Turning into a Currency Crisis

2008-10-09T03:30:00.001-07:00

US Dollar Doomed as Credit Crisis Turning into a Currency Crisis

When the precious metals were smashed out of nowhere and the dollar started climbing this summer I became very worried. I didn't question my conviction that commodities are in a bull market, or that precious metals in particular are undervalued. I felt something sinister was at work. Neither move was justified on a fundamental level. I assumed that something very bad was about to happen and the metals needed to be brought lower in advance of the bad news.

Now we have a glimpse at the ugly consequences foreseen by the Treasury Department and the Federal Reserve. In early September, Fannie Mae and Freddie Mac were nationalized with a financial commitment of USD$200 billion from the taxpayers. Incredibly, the loan limits at the former GSEs were raised from $417,000 to $729,750 in March when it was more than obvious these institutions needed to be reined in. Like most bailouts and bank failures, this one was announced on a weekend to limit the impact on the stock markets.

As I mentioned in last month's issue, Treasury Secretary Paulson was under severe pressure to act, as the Chinese started selling Fannie and Freddie bonds while threatening further retribution. Common shareholders were left with nothing, while bondholders like Pimco and Asian central banks benefited. The small investor was stung again, as taxpayer dollars were used to bail out foreigners and wealthy Americans in a policy that Jim Rogers terms “socialism for the rich.”

Unfortunately, $200 billion is just the tip of the iceberg. As the government has assumed responsibility for Fannie and Freddie's $5.4 trillion in liabilities, the Congressional Budget Office correctly states that these institutions “should be directly incorporated into the federal budget.” The Bush Administration has strongly opposed this move.

Many commentators claim that the former GSE's liabilities are not like usual government debt, as the mortgages are backed by homes. However, Catherine Austin Fitts indicates that many of the Fannie, Freddie and FHA loans are actually fraudulent, as the same property is sold repeatedly to phantom buyers or the property does not actually exist. At least $1 trillion of Fannie and Freddie's mortgages are already in trouble, and the data on mortgage resets indicates the problem will not end until 2012. This bailout effectively doubled America's publicly traded debt overnight.

On September 14, the Fannie and Freddie bombshell was followed by the sale of Merrill Lynch to Bank of America for $50 billion. Paulson admitted he was involved with the Merrill Lynch purchase at a steep premium to the market price. Bank of America is hardly a bastion of stability however, as over half its builders loans “are considered troubled.” The institution is a leading issuer of consumer credit cards, and with the U.S. in a recession, much of this debt will default. Bank of America already bought subprime lender Countrywide earlier this year in a curious deal where the firm refused to take on many of Countrywide's liabilities.

On the same day, the 158-year-old Lehman Brothers declared bankruptcy. After guaranteeing JPMorgan Chase's purchase of Bear Stearns in March and taking over the mortgage giants, the U.S. Government sternly insisted that Lehman should be allowed to fail. Not only did this bankruptcy spook the markets and cast doubt on the solvency of other investment banks like Goldman Sachs, but it opened up the Pandora's Box of counterparty risk. Holders of swaps and other derivatives who had won bets with Lehman could no longer collect, and these contracts reverted to their intrinsic value - zero. Investors in Lehman's stocks and bonds were wiped out as well, and institutions had new losses on their balance sheets that needed to be written off. Highly leveraged banks were unable to meet their derivative obligations, so they became insolvent. Fearing contagion, financial institutions sharply raised Libor rates and other measures of interbank lending as they lost faith in their peers' ability to repay loans, and credit began to freeze up.

After viewing the debacle caused by Lehman's failure, Paulson and Bernanke decided it was too risky to let another derivatives-laden firm go under. This time it wasn't even a bank they felt compelled to bail out. AIG was rescued due to its large size and involvement in all kinds of international markets, with the bulk of its business in reinsurance (insuring other insurers). Not surprisingly, the $85 billion loan to AIG prevented a $20 billion loss to Paulson's old firm, Goldman Sachs.

AIG's involvement in derivatives is consistent with their history of questionable behavior. The giant insurer had a pre- eminent role in precious metals trading, and was suspected to be one of the large silver shorts before its abrupt departure from the market in 2004. In 2005, then-CEO Maurice Greenberg was forced to resign over an accounting scandal that involved $1.7 billion in fraud. Curiously, no criminal charges were filed unlike a similar situation at Enron.

AIG was just one of many bailouts as this month just kept getting worse. A few days later, three money market funds administered by Reserve Management Corporation “broke the buck” due to investments in Lehman. Although money market funds had a reputation as an extremely safe investment, clients lost part of their principal and were unable to redeem their funds for a week. Not reassured by government officials or fund managers, consumers began fleeing the $3.4 trillion market. To prevent a full-blown panic, the U.S. Treasury decided to insure the funds for up to $50 billion for current investors.

On September 18, the Treasury announced it would issue $100 billion in new debt to replenish the Federal Reserve's balance sheet. The Fed needed the boost after “Helicopter Ben” dumped a huge load of dollars into the economy through unconventional means. In retrospect, this must have been preparation for the expansion of credit through the discount window. Borrowing by primary dealers and commercial banks exploded last week, doubling to over $262 billion.

I doubt it's a coincidence that on September 21, the Federal Reserve allowed Goldman Sachs and Morgan Stanley to convert to bank holding companies, easing the standards for collateral pledged in return for loans. Not only will these converted firms be able increase their liquidity on very favorable terms, they can court federally insured customer deposits for the first time.

In August, I published a chart of Washington Mutual, and predicted its imminent failure. WaMu was seized by the FDIC on September 25, and has filed for bankruptcy. The majority of branches and assets were sold to JPMorgan Chase. However, the bank refused to acquire WaMu's liabilities, leaving shareholders and bondholders out in the cold. The new CEO of WaMu, Alan Fishman received $20 million for less than three weeks of work. It's unknown what the burden on the U.S. tax base will be.

The bailouts continued this week, as the U.S. Senate passed a bill on September 28 awarding $25 billion in subsidized loans to automakers. The car companies will not have to make payments for five years. That was a modest giveaway compared to the FDIC's involvement in the Wachovia sale the following day. Citigroup took over the struggling Wachovia Bank, agreeing to absorb the first $42 billion in losses with the FDIC assuming the remainder. Fed chief Bernanke approved the FDIC's involvement, stating it will help stabilize the markets. In exchange for $12 billion in preferred shares and warrants in Citigroup, the FDIC became liable for losses up to $270 billion. As I predicted, the FDIC is running short of funds to repay depositors in failing banks and may need to borrow tax dollars from the Treasury.

Not surprisingly, the ever larger bailout packages proposed by the Bush Administration have created heavy backlash from the American public. While many citizens are losing their jobs and their homes, financial executives like John Thain receive multi-million dollar paydays as a reward for their spectacular failures. Although most media outlets neglected to report it, hundreds of protestors on Wall Street demonstrated against the bailouts last week, many holding signs reading “Jump!”

Despite fear-mongering by President Bush, the last scheme proposed was too much for Americans to bear. In the Troubled Asset Relief Program bill (TARP), Paulson effectively asked to be the financial dictator of the U.S. The Treasury Secretary insisted that he needed $700 billion to buy whatever toxic assets he chose, without oversight or input from any court or administrative agency. This bill was rejected by the House of Representatives this week under heavy pressure from angry constituents. However, a revamped bill with added sweeteners looks likely to pass soon.

Since Congress was not very cooperative, the Federal Reserve added $330 billion in bank swaps with foreign central banks to boost the availability of dollars worldwide. Bernanke also expanded the Term Auction Facility (TAF) by $300 billion for a new total of $450 billion. The TAF has even looser standards than the discount window which was was supposed to be the lender of last resort, but the TAF charges a premium to market rates. The Fed had already eased its lax standards on September 14, accepting a wider range of collateral for loans. So even as the Congress was rejecting a $700 billion bailout, the Fed was quietly conducting its own $630 billion bailout.

After the House rejected the TARP proposal on September 29, Paulson, Bernanke, and the rest of the Plunge Protection Team had to make their predictions of dire consequences look correct. They allowed the Dow to crash 777 points - a new record - while gold soared. However, the PPT is afraid of causing too much panic among the public, so they orchestrated a rally the following day. The dollar surged 1.58, and the precious metals were stomped to force investors out of hard assets into Treasuries and other paper.

This essay was one of the most difficult I have ever written as the situation was so dynamic. It seemed that no sooner did I explain a Bernanke statement or a Paulson tactic than my writing became out of date, and a fresh crisis would sweep the old one off the front pages. I believe that the speed of the bailouts indicates desperation in Washington. The Bush Administration is no longer able to plan far ahead, but must react to swiftly changing market conditions.

Despite Bernanke's assurances to the contrary, these bailouts mean tremendous inflation of the money supply. The U.S. can no longer avoid hyperinflation - it is here. The effects can hardly be overstated when the reserve currency of the world is debased so rapidly. Empires disintegrate and social upheaval occurs. Dollar depreciation is not apparent to the masses yet, but once the realization occurs, the social effect will be explosive. I believe this is why a U.S. Army brigade from the 3rd Infantry Division has been given orders to patrol America “to help with civil unrest and crowd control.

The dollar is doomed but most people don't know it yet. I recently spoke with a friend who was born in Mexico, and he agreed that the American public cannot imagine their currency failing. While U.S. citizens think that a currency crisis is the end of the world, Mexicans have experienced this multiple times. The central bank lops a few zeros off the currency and it's given a new name. The smart people have moved their wealth into a different form long before that happens. Even if Jim Sinclair is correct and the U.S. Dollar is rescued by linking it to gold in a Federal Reserve Gold Certificate Total Value Ratio, it will not be the same dollar we know today.

Americans will soon learn to change their mindset from focusing on their return on capital, to worrying about conserving the capital they have left. We have seen the beginning of this paradigm shift in the run on banks, and the flight to Treasury instruments. Investors need to insure their portfolio is full of precious metals and other commodity-related assets. While hard assets have suffered lately, that will inevitably change as mistrust spreads throughout the financial system. If you position yourself appropriately, your wealth can not only survive the currency crisis but also secure your future

Source astromoneyguru

Bush pushes bailout plan | Special Coverage | Reuters

2008-09-25T06:52:00.001-07:00

Bush pushes bailout plan | Special Coverage | Reuters

2008-09-25T06:52:00.000-07:00

Bush pushes bailout plan | Special Coverage | Reuters

Tata-AIG payment obligations will be met - Economic Times

2008-09-18T05:17:00.000-07:00

Tata-AIG payment obligations will be met - Economic Times: "Sify Tata-AIG payment obligations will be met Economic Times - 2 hours ago NEW DELHI: Tatas, on Thursday, assured insurance regulator IRDA that all Tata-AIG payment obligations will be met, according to Finance Minister P Chidambaram. AIG holdings in Indian comp"

TCS has a thriving telecom practice, contributing 17.4% or nearly $1 billion of its total revenues.

2008-09-16T14:28:00.000-07:00

TCS has a thriving telecom practice, contributing 17.4% or nearly $1 billion of its total revenues.: "TCS has a thriving telecom practice, contributing 17.4% or nearly $1 billion of its total revenues. British Telecom may have found a buyer for its 31% stake in Tech Mahindra. BT has approached Tata group company TCS to buy its stake in Tech Mahindra, according to this report . B"

Lehman to file for bankruptcy; BankAm buys Merrill - Business Standard

2008-09-15T01:30:00.000-07:00

Lehman to file for bankruptcy; BankAm buys Merrill - Business Standard: "Washington Post Lehman to file for bankruptcy; BankAm buys Merrill Business Standard - 1 hour ago The subprime crisis in the US has taken a new turn. Lehman Brothers Holdings Inc is likely to file for bankruptcy tonight as it is unlikely that it will find a buyer."

Industry bodies see 1.2 trln investment in nuclear power - Reuters India

2008-09-08T00:59:00.000-07:00

Industry bodies see 1.2 trln investment in nuclear power - Reuters India: "BBC News Industry bodies see 1.2 trln investment in nuclear power Reuters India - 2 hours ago NEW DELHI (Reuters) - India's industry bodies expect 18-20 new nuclear power plants to be set up in next 15 years costing 1.2 trillion rupees after a ban on nuclear tr"

NSG waiver: 'Historic day' for India, says PM, Digvijay Singh

2008-09-07T12:02:00.001-07:00

NSG waiver: 'Historic day' for India, says PM, Digvijay Singh: "Political reactions flew thick and fast, though on expected lines after India won a waiver from the Nuclear Suppliers Group (NSG) in Vienna for indulging in nuclear commerce without signing the"

NSG waiver: 'Historic day' for India, says PM, Digvijay Singh

2008-09-07T12:02:00.000-07:00

Nuclear deal to power India Inc’s growth engine - Economic Times

2008-09-07T11:57:00.000-07:00

Nuclear deal to power India Inc’s growth engine - Economic Times: "Sify Nuclear deal to power India Inc’s growth engine Economic Times - 31 minutes ago MUMBAI: The mood is again upbeat among engineering companies. From having to fret about losing top talent to overseas companies, this core sector feels it is all set to see a sharp"

Grab 50,000 Danish Krone Visa Gift Card from Amagerbanken

2008-09-01T09:43:00.000-07:00

Design og vind dit eget Visa/Dankort med Bonnie og Amagerbanken.
Upload dit eget billede og vind et rejsegavekort til en værdi af 50.000 kr.
Jo flere venner der melder sig til jo større chancer er der for at vinde. I kan selv vælge hvor I tager hen og hvem I vil have med.

Design and win your own Visa / Dankort with Bonnie and Amagerbanken.
Upload your own image and win a free gift worth value of 50,000 Krone
The more friends who sign up for the more likely it is to win. I can choose where I go and who I want

Visit www.basickort.dk

Sugar mills in UP to pay farmers Rs 1480 crore more by Sept 6 - Press Trust of India

2008-09-01T09:22:00.001-07:00

Sugar mills in UP to pay farmers Rs 1480 crore more by Sept 6 - Press Trust of India: "Sugar mills in UP to pay farmers Rs 1480 crore more by Sept 6 Press Trust of India - 2 hours ago New Delhi, Sep 1 (PTI) Sugar mills in Uttar Pradesh will have to pay farmers an extra Rs 1480 crore by September 6 as the Supreme Court today refused to stay the Allahabad High C"

India's Reliance Industries not to transfer stake in KG-D6 block ... - Forbes

2008-09-01T09:22:00.000-07:00

India's Reliance Industries not to transfer stake in KG-D6 block ... - Forbes: "India's Reliance Industries not to transfer stake in KG-D6 block ... Forbes - 2 hours ago MUMBAI (Thomson Financial) - India's biggest private sector company, Reliance Industries Ltd., said it will not transfer its interest in the KG-D6 block in the Krishna Godavar"

Jai Corp likely to foray into city gas, LPG distribution

2008-08-29T02:47:00.000-07:00

Jai Corp likely to foray into city gas, LPG distribution: "The company plans to get into distribution and supply of city gas and liquefied petroleum gas (LPG), hitherto an area primarily dominated by the government-owned oil marketing companies."

Upper Ganges Sugar and Industries` loss narrows in FY`08

2008-08-26T08:46:00.000-07:00

Upper Ganges Sugar and Industries` loss narrows in FY`08: "..."

Reliance aims to transfer 80% stake in block

2008-08-26T08:37:00.000-07:00

Reliance aims to transfer 80% stake in block: "Reliance Industries Ltd said on Tuesday it wanted to transfer an 80 percent stake in a gas-rich deepwater block to four fully-owned subsidiaries."

Bloggerwave - new way to interact with advertiser

2008-08-22T15:22:00.001-07:00

Join Bloggerwave and write about an advertiser on your website. Simple isn't it. Find out yourself for more information.

Så er Bloggerwave klar til at modtage flere norske bloggere til vores side. Bloggerwave er en ny mulighed for bloggere hvor de kan tjene penge på at blogge om diverse virksomheder, produkter mm. Bloggerwave arbejder sammen med forskellige bureauer og vil hele tiden finde nye spændende emner, som bloggere kan give deres ærlige mening og holdning omkring. Bloggerwave\\''\''s koncept er kendt fra USA hvor det har eksistret en del år efterhånden og bliver mere og mere udbredt som et alternativ til adsense, banner reklamer eller bare traditionel reklame. Hop på vognen og begynd at tjene penge med Bloggerwave idag. se mere på bloggerwave.no

TCS, Infosys and Wipro becoming top vendors - Sify

2008-08-14T07:15:00.000-07:00

TCS, Infosys and Wipro becoming top vendors - Sify: "TCS, Infosys and Wipro becoming top vendors Sify - 9 hours ago India's top three outsourcing majors, Tata Consultancy Services (TCS), Infosys and Wipro, will gain enough muscle to take on today's IT giants like IBM, Accenture and EDS by 2011, IT research company Gart"

ANALYSIS-India's $10 bln IPO hopes to buck frail market - Reuters India

2008-08-11T00:08:00.000-07:00

ANALYSIS-India's $10 bln IPO hopes to buck frail market - Reuters India: "MyNews.in ANALYSIS-India's $10 bln IPO hopes to buck frail market Reuters India - 2 hours ago By Narayanan Somasundaram and Kaustav Roy MUMBAI, Aug 11 (Reuters) - India's state-owned phone company's plans to raise $10 billion in the biggest local IPO m"

Global commercial property sales halved - study

2008-08-09T16:44:00.000-07:00

Global commercial property sales halved - study: "NEW YORK (Reuters) - World sales of major commercial properties fell 49 percent to $306 billion in the first six months of 2008 from the same period last year, as sales in developed countries were hit hard by the credit crisis and slowing economies, a report released on Friday said."

Wall St Week Ahead: Oil's drop may spur rebound; CPI in focus

2008-08-09T16:43:00.000-07:00

Wall St Week Ahead: Oil's drop may spur rebound; CPI in focus: "NEW YORK (Reuters) - Wall Street may extend its recovery push next week as investors bet that a further drop in oil prices will restrain inflation and boost prospects for profit growth."

Tele 2- Cheap calls are hard to resist

2008-08-09T16:39:00.000-07:00

Hvis du vil overraske eller tulle med vennene dine sjekk ut denne nettsiden. http://www.cheapcallsarehardtoresist.eu Dine venner kommer først til å tro at de har sjangs på en skikkelig fin dame eller en kjekk type.

English Translation

If you want to surprise or fool around check out this nettsiden. http://www.cheapcallsarehardtoresist.eu

Result Update: UTV Software

2008-08-08T12:19:00.001-07:00

Result Update: UTV Software

Result Review: Alembic

2008-08-08T12:19:00.000-07:00

Result Review: Alembic

http://1881.absoluteinteractive.no/

2008-08-08T11:57:00.000-07:00

1881 kjører en kampanje der man kan ta bilder av ting og tang som ser ut som formen 1881. Man kan vinne en MacBook Air hver uke i hele sommer – sjekk ut mer ved å klikke på linket. http://1881.absoluteinteractive.no/

English Translation
1881 drive a campaign where you can take pictures of thing and seaweed that looks like the form 1881.

You can work a MacBook Air this week in whole summer - cheque out more by clicking on linked.http://1881.absoluteinteractive.no/

RCOM to launch DTH services from Aug 15

2008-08-08T10:00:00.000-07:00

RCOM to launch DTH services from Aug 15: "Cable and DTH viewers are set to get a wider choice, with RComm to start nationwide commercial operations of its DTH service from August 15."

Five firms shortlisted for Mumbai suburban rail project

2008-08-03T13:31:00.000-07:00

Five firms shortlisted for Mumbai suburban rail project: "The multi-crore project, that involves the suburban rail service from Churchgate to Virar in Mumbai, will be the first fully air-conditioned suburban rail service in the country"

Reliance Infratel likely to defer IPO plans

2008-08-03T13:29:00.001-07:00

Reliance Infratel likely to defer IPO plans: "Anil Ambani group firm Reliance Infratel is likely to defer its IPO plans as market regulator Sebi's go ahead for the public issue is set to expire soon, making it the third major IPO deferment after"

Anil Ambani looks to buy Newcastle United: Report

2008-08-03T13:29:00.000-07:00

Anil Ambani looks to buy Newcastle United: Report: "Anil Ambani-led Reliance Communications is looking for a possible takeover of Premier League club Newcastle United for an estimated 260 million, a media report"

Unitech to raise $1 bn for hotel, retail projects

2008-08-01T10:19:00.000-07:00

Unitech to raise $1 bn for hotel, retail projects: "Unitech, the country's second-largest property developer, is planning to raise nearly $1 billion (Rs 4,200 crore) in the current financial year from private equity players for its hotel, commercial and retail projects across the country."

INTERVIEW-India's sugar output in '09/10 seen at 18-19 mln T - Reuters India

2008-07-31T10:29:00.000-07:00

INTERVIEW-India's sugar output in '09/10 seen at 18-19 mln T - Reuters India: "INTERVIEW-India's sugar output in '09/10 seen at 18-19 mln T Reuters India - 2 hours ago By CJ Kuncheria and Mayank Bhardwaj NEW DELHI, July 31 (Reuters) - India's sugar output in the cane crushing year beginning October 2009 may be 30 percent below this year&#39"

Lanco Infratech net up 19% at Rs 59 cr

2008-07-30T13:07:00.000-07:00

Lanco Infratech net up 19% at Rs 59 cr: "Lanco Infratech Ltd, which is into power, real estate and construction, reported a 19.17 per cent increase in its net profit for the first quarter ended June 30, 2008, at Rs 59.05 crore, as compared"

Triveni Engineering posts Rs 24.60 crore profit

2008-07-30T13:06:00.001-07:00

Triveni Engineering posts Rs 24.60 crore profit: "Riding on high sugar prices, Triveni Engineering and Industries, the countrys third largest sugar producing company, has posted a net profit of Rs 24.60 crore for the April-June quarter as"

Balmer Lawrie Q1 net up 20% at Rs 24-cr

2008-07-30T13:06:00.000-07:00

Balmer Lawrie Q1 net up 20% at Rs 24-cr: "Balmer Lawrie & Co has clocked a 20 per cent rise in its net profit in Q1 of FY09 at Rs 24 crore as against Rs 20-crore in the year-ago period.??The company's total"

FII-TO-FII: Pantaloon traded at 5% premium

2008-07-30T13:05:00.000-07:00

FII-TO-FII: Pantaloon traded at 5% premium: "Trades between FIIs generated a volume of Rs 185 crore on the BSE Wednesday-an increase of 241.68% from Rs 54 crore clocked on Tuesday. As many as 7 stocks witnessed trades of 23 lakh shares on"

Learn How To Play Online Poker at PokerProfessor.com

2008-07-30T13:03:00.000-07:00

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Pvt parties may make non-metro terminals

2008-07-29T09:40:00.000-07:00

Pvt parties may make non-metro terminals: "With Leftists out of government's hair, private parties may finally get to develop the terminal building at non-metro airports."

How to file your tax return

2008-07-24T03:08:00.000-07:00

How to file your tax return: "To file I-T returns, the choice for salaried individuals will be between the Indian Income Tax Return - 1 (ITR-1) and ITR-2 forms."

Ask Mint | Inflation revisited: causes, effects and a ready reckoner on basic terms and facts

2008-07-21T01:40:00.000-07:00

Ask Mint | Inflation revisited: causes, effects and a ready reckoner on basic terms and facts: "An inflation rate of 10% means that the general level of prices of goods and services has increased by 10%"

BGR Energy hits 20% upper circuit - Economic Times

2008-07-17T05:58:00.000-07:00

BGR Energy hits 20% upper circuit - Economic Times: "Hindu Business Line BGR Energy hits 20% upper circuit Economic Times - 1 hour ago MUMBAI: BGR Energy Systems hit 20 per cent upper circuit on Thursday, a day after it bagged an EPC contract worth Rs 4900 crore from Rajasthan Rajya Vidyut Utpadan Nigam for 2 x 600 M"

GMR Infrastructure (Rs 94.10): Buy

2008-07-11T08:49:00.000-07:00

GMR Infrastructure (Rs 94.10): Buy: "We recommend a buy in GMR Infrastructure from a short-term perspective. From the charts of GMR Infrastructure, we note that it was on a medium-term downtrend from its early May 2008 high of Rs 169 till it recorded a 52-week low of Rs 76 during ..."

Infosys Q1 net rises 21 pct, shares fall on outlook

2008-07-11T08:44:00.000-07:00

Infosys Q1 net rises 21 pct, shares fall on outlook: "BANGALORE (Reuters) - India's Infosys Technologies Ltd beat forecasts with a 21 percent rise in quarterly profit but warned of challenging times ahead as its major Western clients battle weakening economies, sending its shares down more than 7 percent."

Indian shares fall 3.3 pct as Infosys dives 7.2 pct

2008-07-11T08:43:00.000-07:00

Indian shares fall 3.3 pct as Infosys dives 7.2 pct: "NEW DELHI (Reuters) - Indian shares fell 3.3 percent on Friday, led by export-focused software services companies after bellwether Infosys warned of challenging times ahead and data showed a sharp slowdown in industrial output."

ICRA assigns `LAAA` & `A1 ` ratings to Rural Electrification Corp.

2008-07-08T13:04:00.000-07:00

ICRA assigns `LAAA` & `A1 ` ratings to Rural Electrification Corp.: "..."

Meeting SP’s demand on EOU, windfall tax may not be easy - Hindu Business Line

2008-07-08T13:03:00.000-07:00

Meeting SP’s demand on EOU, windfall tax may not be easy - Hindu Business Line: "Meeting SP’s demand on EOU, windfall tax may not be easy Hindu Business Line - 1 hour ago New Delhi, July 8 Meeting the demand of the Samajwadi Party (SP), whose support is crucial for the Congress-led Government, on withdrawing the export oriented unit (EOU) status extended"

Indian markets relieved Left gone, but see challenges

2008-07-08T13:02:00.000-07:00

Indian markets relieved Left gone, but see challenges: "MUMBAI (Reuters) - India's markets were relieved to see the back of the government's leftist allies and the swift promise of support to the ruling coalition from a pro-business party on Tuesday, but soaring inflation meant the reaction was muted."

Sonofon - launch of new services

2008-07-08T12:47:00.000-07:00

Har I tjekket huset på SONOFON, hvor medarbejdere giver den gas? Det er ret cool og vist nok første gang, at der er nogen, der har lavet et website med rigtige mennesker fra deres reklamer og så fede features. I øvrigt er der free stuff retro-ringetoner i lokalet øverst oppe i huset. Tjek i øvrigt manden i iderummet som får Sonofon Go aften-pigen fra gamle dage frem på væggen. Pigen fra kundeservice! Total waste of money at beholde sin fastnettelefon abonnement når nummeret kan overføres til Sonofon. Der er ret meget at spare .. +1.000 Kr.! Butiksmedarbejderen i Sonofon Butikken giver en go rundtur i yndlingsnummer og hvorfor man bør lægge sit fastnetnummer over på mobilen! Der er en lommeregner, hvor man kan se sin egen besparelse.

Gratis Ringetoner

Beregn din besparelse pånglingsnummer

English Translation

Have you checked the house on http://www.sonofon.dk, where employees give that gas?

It's rather cool and probably the first time that there is somebody, who has made a web site with real human beings from their advertising and so great features.

By the way there are free stuff retro-ringing tones at the room at the top in the house.

Check the man by the way at the idea space that makes the Sonofon Go evening girl drop old days forward on the wall.

The girl from customer service!

Waste two of money to keep one's fastnet-telephone subscription when the number can be transferred for Sonofon.

There is a lot to save..

+1.000 DKK.!

The shop employee in Sonofon Butikken gives an energy roundtrip in favourite number and why one ought to put one's fastnet-number over on the mobile phone!

There is a pocket calculator, where you can see one's own saving.

FREE Ring Tones

Calculate You Savings

Join Bloggerwave

2008-07-08T12:41:00.000-07:00

Join Bloggerwave and write about an advertiser on your website. Simple isn't it. Find out yourself for more information. A brief description is below in two languages understandable by me, One is Danish and Other is English

Danish Language

Så er Bloggerwave klar til at modtage flere danske bloggere til vores side. Bloggerwave er en ny mulighed for bloggere hvor de kan tjene penge på at blogge om diverse virksomheder, produkter mm. Bloggerwave arbejder sammen med forskellige bureauer og vil hele tiden finde nye spændende emner, som bloggere kan give deres ærlige mening og holdning omkring. Bloggerwave's koncept er kendt fra USA hvor det har eksistret en del år efterhånden og bliver mere og mere udbredt som et alternativ til adsense, banner reklamer eller bare traditionel reklame. Hop på vognen og begynd at tjene penge med Bloggerwave idag. se mere på bloggerwave.dk

English Translation

Bloggerwave is ready to receive more Danish bloggers to our page.

Bloggerwave is a new possibility of Blogs where they can make money on that blogge about various companies, products etc.

Bloggerwave works together with different bureaus and will all the time find new exciting subjects, bloggers can make their honest sense and point of view about.

Bloggerwave's concept is known from the US where it has the ex-leaf fat a fair amount of year gradually and is more and more spread out like an alternative to adsense, banner advertising or just traditional advertisement.

So,Jump on board and start to make money with Bloggerwave today.

As a concept to understand this check out my earlier blog on "Look of the Year" which is same as advertising. Try it!! (No referrals system here but concept is cool and good so I liked it)

Why DLF has opted for a buyback

2008-07-05T23:05:00.000-07:00

Why DLF has opted for a buyback: "In both good and bad times, we will do things that are good for the company and its shareholders. We are not a company that decides strategy on the basis of newspaper articles or analyst comments."

Tata's Star Bazaar faces realty roadblock - Moneycontrol.com

2008-07-05T23:03:00.000-07:00

Tata's Star Bazaar faces realty roadblock - Moneycontrol.com: "Hindu Tata's Star Bazaar faces realty roadblock Moneycontrol.com - 21 hours ago By Vivin Mathew & Nachiket Kelkar, CNBC-TV18 Tata's retail company Trent today opened its fourth Star Bazaar hypermarket. But the company has just managed to open four store"

Corporate: RCOM may buy stake in MTN directly - Economic Times

2008-07-05T23:02:00.000-07:00

Corporate: RCOM may buy stake in MTN directly - Economic Times: "Sify Corporate: RCOM may buy stake in MTN directly Economic Times - 9 hours ago Anil Ambani’s Reliance Communications (RCOM) may be examining alternative structures to bring about its proposed mega-combination with MTN. RCom alleges price hammering in shares, se"

Promote Blogger's Game, Set your mission

2008-07-05T22:37:00.000-07:00

Information Link

http://www.missionblog.at

It is all about missions. Missions need to be fulfilled and documented via foto/Video and send to the platform. Missionbloggers fulfill missions because it is fun unlimited with friends, chance to win prizes and even earn money if you are a unforgettable missionblogger. Try it out - you will not stop talking about it.

Missionblogs needs creative characters. What about you? Following missions are open to participate - TRASHTIE Mission , POOL Mission – get more information under missionblog.eu

Have fun with your friends and win a trip to annual Missionbloggers meeting in Ibiza September 2008.

You can form a community and become more and more famous. Companies see how creative you are. Attract attention with your missions. You can fulfill missions and even set missions on your own for free. This is the basis to be booked and paid for missions by companies which enrich their campaigns with missions to communicate their products & services in an innovative way. (Day rate starts at 200EUR/day and goes up as in usual model business – depends how famous you are based on your fulfilled missions)

Missionblog helps you to become a star – Brand yourself fulfilling missions only in same clothes, accessoires,… Missionblog is not only based in internet.

Missionbloggers meet in reality and have fun. There is the big annual meeting in Ibiza every September. Missionblog will also have an own TV show and later mobile TV show – The missionbloggers.

Activate your account and join the Missionblogger community - Fun unlimited and be famous 4 FREE. First missionblogger who can live from missionblog (annual mission salary > 50000EUR) will get as company car a yellow Porsche. Missionblog something new – what about you!

GMR group plans to acquire stake in ONGC refinery

2008-06-23T09:43:00.000-07:00

GMR group plans to acquire stake in ONGC refinery: "Construction major GMR proposes to invest Rs 31,000 crore($ 7.75 billion) to acquire the refinery and petrochemical plant being planned by the state-owned Oil and Natural Gas Corporation (ONGC) in Kakinada in Andhra Pradesh."

Stop Guessing and Start Profiting: Quality Shares at a Low Price

2008-06-14T01:16:00.000-07:00

Request Your FREE Newsletter:

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Discover how you can learn about sizzling hot share opportunities. click here

The quarterly newsletter will teach you how to stop guessing and start profiting. Gain access to quality shares at a low price - backed by specific events that are going to make these investments take off. Take advantage of a unique opportunity as we reveal six "invisible" investments that Wall Street's elite would love to own!

But what more !! We shall cover the new areas where businesses are likely to grow or face competition viz Oil, Natural Gas, Metal, Commodities, Drilling, Shipping, Logistics, EPC, Real Estate, Pharma and many more.

Why Ranbaxy Labs stock is falling?

2008-06-13T05:41:00.000-07:00

Why Ranbaxy Labs stock is falling?: "Low acceptance ratio, capital gains tax disfavour buying"

Asia-Pacific oil rig use in May at 16-year high

2008-06-13T05:32:00.000-07:00

Asia-Pacific oil rig use in May at 16-year high: "The count rose 9% from last year, standing at 263 last month; India is the biggest user of rigs in the region"

ICICI Bank - Astro Prediction

2008-06-10T03:27:00.000-07:00

Introduction:
ICICI Bank is the largest private sector bank in India and the second largest bank among all the banks of the country. ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of channels and through its specialized subsidiaries.

Astrological Analysis:
Ganesha observes Sagittarius as rising ascendant of ICICI BANK LTD. There is a stellium of six planets in the first house- Venus, Mars, Sun, Mercury, Neptune and Uranus. Rahu is posited in the 12th house. Jupiter and Saturn are in the eleventh and the third house respectively. Moon is placedin Virgo sign.
Transit of Jupiter from the Ascendant brings prosperity and success to the company. Jupiter imbibes a culture that brings about an allround expansion. The company also plans and implements its expansion programmes with success. But Ganesha does not like Rahu's transit from the second house. Natal Moon and the 10th house are under the aspect of transiting Rahu. Company may have to face unexpected expenses and troubles regarding new branches. Ganesha advises to do Rahu shanti on account of the transit of Rahu from the 2nd hosue. The phase after September 12, 2008 is very gainful.

Ganesha analyzes a sudden loss in its share price in past months. Total loss of Rs 735 is observed in the first quarter of calendar year, says Ganesha. Share price has come down from Rs 1455 which was noted as a 52 week high price. The share price may remain volatile between 969.88 and 722.36 during the next 2 months.

What Next?
The share price may remain volatile between 969.88 and 722.36 for next 2 months.
The phase after September 12, 2008 is very gainful.
Trade Indicator:
a) Short Term: Sell
b) Mid Term: Sell
c) Long Term: hold

Conclusion: Planetary forces are favorable except Rahu's transit. But remedies can assist in keeping fundamentals more progressive.

Avon Weighing Systems - IPO Review Neutral

2008-06-10T03:22:00.002-07:00

Avon Weighing Systems is entering the capital market on 9th June 08 with a public issue of 1.37 crore equity shares of Rs.10 each at par. Of this, promoters are subscribing to 39.97 lakh shares while 98.36 lakh shares are being offered to the public.

For a change, an existing profit making company, having book value per share of Rs.20.50 as at 31-03-08 is offering shares at par. And that is thanks to present state of the stock market!

The company is authorized dealer and one of the distributors of A&D and Tanita, both of Japan, for marketing its weighing scales in India, mainly to gem and jewellery, pharma, chemicals, R&D Laboratories and Defence Sector, where precision weighing is critical. Due to this, the entire income of the company, comprises of trading turnover, was at Rs.50.50 crores for FY 08. PBT for the year was at Rs.2.75 crores while PAT was at Rs.1.85 crores. However, due to high debtors of Rs.41.50 crores as at 31-03-08, the company has to borrow about Rs17 crores as loan. Finance charges for the year was at about Rs.2.50 crores.

The company having gained expertise of this trade and having good marketing network, has decided to set up its own manufacturing unit at Baddi in Himachal Pradesh with an outlay of Rs.17.30 crores. This is being partly financed by term loan of Rs.2.60 crores and rest by equity. Post issue, equity of the company would be placed at Rs.16.58 crores.

Though equity of the company would be very high and in view of project likely to start by March 09, the results for FY 09 would be purely from existing trading operations. Despite this, considering book value of over Rs.20, the “par” tag and experience of the promoters, share at par holds potential, though it will be of small cap company, as its market capitalization would remain below Rs.50 crores. One can apply for this IPO.

Lotus Eye Care Hospital IPO Review - AVOID

2008-06-10T03:22:00.001-07:00

Lotus Eye Care Hospital is entering the capital market on 12th June 08 with a public issue of 1 crore equity shares of Rs.10 each in the band of Rs.38 to Rs.42 per share.

The company presently has four eye care hospitals in South India with 120 beds with 9 operation theatres and 3 lasik laser equipments. The company is into existence since 2002 but its financial performance has been mediocre. Till FY 05, it was making losses with virtually stagnant topline upto FY 06. For FY 07, PAT was at meager Rs.1.29 crores on total income of Rs.7.30 crores. Even for 9 months ending Dec. 07 total income was at Rs.9 crores with PAT of about Rs.1.60 crores.

Inspite of such a mediocre performance, the company has taken up an expansion programme of Rs.55 crores, to set up eye care centres at R. S. Puram, Tirupur, Karur and Salem. However, progress is gong on only at R. S. Puram,, as land has been acquired and construction work is in progress. Land at other three locations are yet to be obtained. These plans are being financed with term loan of Rs.10 crores, internal accruals of Rs.3 crores and IPO proceeds of Rs.42 crores. Strangely, IPO proceeds have been calculated at the upper band of Rs.42. If book gets discovered at the lower end (which is most likely) there would be a shortfall of Rs.4 crores. It would be difficult to even mobilize Rs.3 crores from internal accruals, as present cash flow may just be enough to support present level of activities.

Present equity of the company is at Rs.10.80 crores which would rise to Rs.20.80 crores. This is definitely very high considering its present and proposed level of activity.

Dr. Agrawal Eye a listed stock with similar business is finding it difficult to float. Inspite of a topline of Rs.40 crores, PAT is less than Rs.2 crores on an annualized basis which results in an EPS of about Rs.4 on low equity of Rs.4.50 crores. Share is ruling at Rs.50 which results in a PE multiple of about 12 times. Lotus Eye is quite expensive and shares are being issued at a PE of about 25. New facility would come up only after 1½ to 2 years and hence high equity would always be a problem for the company.

Healthcare sector has not really caught for specialized services and even corporates having presence in General Medical field with full fledged hospitals have not been well received by the investors. Small hospital companies are, ruling at a PE multiple in single digit inspite of they having low equity base.

Fate of this company also would be like those of other small healthcare companies and may not be able to give returns to the investors. Better to remain away from making investment in this IPO as share looks expensive.

Sejal Architectural Glass - IPO review, AVOID

2008-06-10T03:21:00.001-07:00

Sejal Architectural Glass is entering the capital market on 9th June 08 with a public issue of 91.94 lakh equity shares of Rs.10 each in the band of Rs.105 to Rs.115 per share.

The company is setting up a 2 lakh tonne per annum, floatglass manufacturing plant in Bharuch Dist. of Gujarat at project cost of Rs.435 crores. This is being financed by the term loan of Rs.318 crores, unsecured loans of Rs.15 crores and balance largely by equity issue made by proposed IPO as well as pre-IPO.

The company is calling it a backward integration to enable them to control costs and enhance the quality of glass used for value added products. The company is into processing of glass with insulating, toughened, laminated glass and for decorative glass and having its plant at Silvassa. The company has been procuring floatglass and processing it further and supplying them as decorative glass. Floatglass market at present is facing a situation of oversupply and this is revealed from the raw-material costs of the company, which constituted about two-third of the topline upto FY06, which fell to almost 50% in period ending December 07. Also, inspite of being in business, topline growth of the company is not significant as it was at around Rs.20 crores for FY 04, which rose to Rs.34 crores in FY 07 from its own operations. FY 08 may witness a topline of Rs.50 crores from its own manufacturing operations.

So how could one justify a project of over Rs.450 crores for almost 10% of the company’s present topline, as a backward integration? Apart from this, financing of this project would heavily leverage the balance sheet of the company as debt of Rs.335 crores for new project results in a debt equity ratio of about 2.8 : 1. The present net worth of the company of Rs.50 crores would go upto Rs.150 crores, post IPO.

Asahi India Glass, an existing listed peer having almost 2½ time capacity of the proposed project has not been doing well for the past couple of years. FY08 topline of Rs.1,000 crores resulted in a PAT of Rs.8 crores only. Share price of this company is now ruling at its 52 week low of Rs.55 (face value Re.1).

The floatglass market in the country is largely controlled by MNCs like Asahi and Guardian. The major consumption of floatglass is in automobile sector, and is also now being used for housing, furnishing and decorative segment. In view of huge capacity created by these two players, we have seen sharp fall in the selling prices inspite of rise in cost of production due to sharp rise in soda-ash and furnace oil prices, which are critical raw-material for any floatglass maker.

Sejal Glass claims to have an advantage of having its feedstock as natural gas instead of furnace oil for its furnace and also proximity to source of sand and soda-ash, as both are available in plenty in Gujarat. However, new capacity of 2 lakh tonne per annum coming in from FY 10 would bring down prices further and also, it would be difficult for the company to market such a huge capacity, which is almost 10–12 times of its present capacity being marketed.

Also, promoters and company’s present financial standing is likely to prove risky to implement a Rs.450 crore project which is financed to the extent of 70% by debt. Initial loses can overcapitalize the project cost in coming period.

Considering the present state of floatglass industry, and size of the proposed project, it seems to be quite a risky proposition and hence share price, even at the lower band of Rs.105 per share, looks stretched. Promoters capability to handle such a big project, looking at their track record, is also a big question mark.

Archidply Industries IPO Review

2008-06-10T03:20:00.000-07:00

Archidply Industries is entering the capital market on 11th June 08, with a public issue of 66.16 lakhs equity shares of Rs.10 each in the band of Rs.70 to Rs.80 per share.

The company is having two manufacturing plants in Mysore and Rudrapur in Uttaranchal, making Plywood, Particle Boards, Pre-Laminated Particle Boards and Veeners and Decorative Laminates. The plant at Rudrapur has commenced production in the first quarter of year 2007, which has resulted in improved working for FY 08.

The company posted good financial performance for FY 08 with topline at Rs.144 crores, with an EBITDA of Rs.27.62 crores, PBT of Rs.16.78 crores and PAT of Rs.15 crores, resulting in an EPS of Rs.9.75 for the year on equity of Rs.15.38 crores. Due to various benefits available to the Rudrapur unit, this performance has been possible as the said unit has been contributing about 60% to the company’s topline.

The company is now setting up a new manufacturing facility for Plan Particle Board (PPB), Pre-Laminated Board (PLB) and Decorative Plywood at Chintamani in Karnataka and Medium Density Fibreboard (MDF) at Rudrapur. The total cost of project is estimated at Rs.83 crores, which is being financed by a term loan of Rs.33 crores and Rs.50 crores by the IPO.

A capacity of 45,000 cubic meters of PPB; 38,000 cu. Mt of PLB; 10,000 cu.mt of Decorative Plywood and 60,000 cu.mt. of MDF is being created. MDF has huge potential and it is on this that the company hopes to capitalize. Also, since Rudrapur unit has commenced production last year, improvement in capacity utilization is likely in the current year. New addition in capacity would start from September 09.

Promoters of the company are having over 30 years of experience in the industry and have also subscribed to about 7.50 lakh shares at Rs.100 per share. Probably, present state of market has forced them to keep the price band in a range of Rs.70 to Rs.80 per share. Also, strong marketing network of 61 distributors and 586 dealers would help the company to push through its increased capacity.

Considering an EPS of close to Rs.10, share at the upper band of Rs.80 is being issued at a PE of 8 times. FY 09, though may not see contribution from new projects and could show an EPS of Rs.13 due to improved capacity utilization of Rudrapur unit, which results into a PE of about 6 times at the upper band. Post issue equity of Rs.22 crores results in a market capitalization of Rs.175 crores at the upper band, which leaves scope of appreciation.

Hence investment is recommended in the issue even at the upper band of Rs.80 with medium term view.

Danish FootBall

2008-06-10T03:19:00.001-07:00

Du kender sikkert allerede Oddsets tv-reklamer, hvor kvinder står helt af overfor fodbold-udtryk som ”midtbanegeneral” eller ”målmand på skovtur”. Nu rykker Oddset på nettet, og temaet er det samme: Der er så meget kvinder ikke forstår! Det betyder et site fyldt med gadgets, manderetter og naturligvis sport. Kort sagt: et drengerøvssite! Du kan blandt andet more dig over superpinlige kommentarer - leveret af brugernes kærester. Og kan din kæreste matche udtalelser som: ”Slår fem ens fyldt hus?”, så er du med i kampløbet om et pizza-gavekort på 5000 kr. På sitet er der dømt ruccola-fri zone. I stedet tilbyder vores madgenerator herlige retter som kødsalat eller Premier League gryde. Og skulle du ikke have fået kød nok, kan du downloade et bacon-ur og bruge det som screensaver på din computer. Tjek også videogalleriet med sportsklip, Jannis blog, tv-oversigten, og Dagens Kampe. Eller mød et par eksemplarer af den absolutte spil-elite i Odds 1000-klubben.

English conversion

You know probably already Oddset's television-advertising, where women face completely off football expressions as a "midfield general" or "goalkeeper on picnic".

Now Odds on the net moves, and the theme is the same:

There is as much women do not understand!

That means a site filled with gadgetly, man rights and of course sport.

In short:

a drengerøv-site!

You can for instance be amused at super-embarrassing comments - delivered by the users' girl friends.

And can your sweetheart match statements like:

"Do five Beat one's full house?", ...

you are along at the fight race about a pizza gift token of 5000 DKK.

On the site there is judged ruccola-free zone.

Instead our food generator offers splendid rights as a meat salad or Premier League pot.

And should you not have had meat enough, you can download a bacon clock and use it as screensaver in your computer.

Check also Videogalleriet with sport clips, Janni's Blog, the television-overview, and Dagens Kampe.

Or meet a couple of copies of that abso ...

Check also Videogalleriet with sport clips, Janni's Blog, the television-overview, and Dagens Kampe.

Or meet a couple of copies of the absolute game élite in the Odds 1000-club.

www.derersaamegetkvinderikkeforstaar.dk

REC a Good Bet

2008-05-30T07:13:00.000-07:00

A pioneer in the area of rural electrification, this PSU has posted a consistent performance for year ended 31-03-08.

With a 27% rise in net income and 20% rise in operating expense, on the profitability front, the company has done well. Its consolidated net profit rose 30% at Rs.860.14 crore. On an equity of Rs.858.66 crores, it posted an EPS of Rs.10.94.

Its sanctions were up 85% and Rs.60,764 crore while disbursements rose 19% at Rs.16,303 crore. Infact, it disbursed a subsidy of Rs.3,350 crore and a loan of Rs.401 crore under Rajiv Gandhi Grameen Vidyutikaran Yojana.

On 05-05-08, REC was granted the ‘Navratna’ status. This gives its financial and administrative autonomy. REC can now take decisions of investing up to Rs.1,000 crore or 15% of its net worth independently. It would be able to expand its electricity business in the rural areas.

REC had gone public in March 2008, in the wake of the turmoil in the IPO markets cuased by Reliance Power. Yet, it had managed to do well and to a large extent, was responsible for restoring some faith back into the primary markets.

It had issued shares at Rs.105 and had got listed at Rs.128. It is currently quoted at Rs.111. Unlike PSU banks, REC does not disburse loans to farmers or individuals, it finances public sector projects and mega power projects. It is in no way affected by the debt waivers announced. It’s risk is to the extent of recovering money from other PSU’s, a risk which all banks face.

REC is a good buy at CMP of Rs.107.

Fair Value of IFCI - By SP Tulsian

2008-05-30T06:43:00.000-07:00

Q: IFCI seems to be opening the bids once again and that is the deduction they seem to be working towards. How will it work out this time? What would you do with this stock?

A: If you see the earlier bid, I do not think that was attractive because there has been too many confusions. At that time, the conversion of the shares had not happened when the bid was invited. The employee strength was 450 at that time which has now been rationalized and reduced to about 250. There was no clarity in regard to the grant which was to be received by IFCI from the government. In this accounting, they have written off that grant that it will not be available from the government of about Rs 400 crore.

So, a lot of rationalization happened in IFCI and that will definitely be attractive to any prospective bidder. Earlier also, we have seen 8 bids for IFCI but thereafter 7 of them withdrew. Now, it has become very attractive.

My earlier call was that it has a fair valuation of about Rs 75 or Rs 80. But if I take all these rationalizations, this improves the valuation and this would attract bidding by more people.

On a fundamental basis, one could take a fair valuation at around Rs 90 now hereon. So, taking the controlling premium element, there too the bidding could be anywhere at Rs 100 plus. Even at the earlier bid of Rs 110, I found that to be a bit aggressive. But I do not know the desperation on the part of a prospective bidder. If I take a fundamental valuation call, it is about Rs 85 to Rs 90. You need to add a controlling premium of about 20% there. That could be the fair valuation when the bidding will come.

KGN scrip hits Rs 55,000 after listing at Rs 72

2008-05-22T07:58:00.000-07:00

MUMBAI: Few investors had heard of the stock and fewer still took notice when it delisted from bourses seven years ago. But on Wednesday, when the company was listed under a new name, it gained instant fame, and notoriety. In an outrageous attempt to manipulate a low-priced stock, the shares of KGN Industries (formerly an NBFC named Royal Finance) opened at Rs 72 and hit an incredible Rs 55,000 within two hours on the first day of relisting. All this, with just 827 shares changing hands.

The wild swing in the share price immediately caught the attention of the stock exchange surveillance department, which suspended trading in the stock at 12.20pm, when the scrip touched Rs 15,000. At this price, the stock commands a price to earning ratio of 22,119 times its FY08 earning per share of Re 0.68. Surveillance officials at BSE met on Wednesday evening to discuss the issue and made enquiries with the promoters about the scrip’s rise.

By late evening, the stock exchange issued a release saying: “Further investigations will be carried out, but trading in the stock will resume on Thursday at the adjusted price of Rs 5,216.30”.

The incident has once again put the spotlight on manipulation of shares on the listing day, when intra-day circuit filters are relaxed to enable better price realisation. However, manipulators often use the opportunity to ramp up stock prices. Last year, Sebi had proposed a 20% circuit filter on the first day of relisting for companies that had undergone corporate recast. But the regulator is yet to take a final view on the matter.

ET tried to contact KGN Industries chairman Arif Memon, but he was overseas and unavailable for comment. Chief financial officer Mahesh Basher said he was not aware of the reason behind the “run up in price”, and that the company was looking into the reason behind the abnormal price movement. KGN Industries was an NBFC between 1999 and 2001, when it was last listed. Post-restructuring, the company now sells oil derivatives like lubricants and edible oil.

It is suspected the spectacular rise in the stock price was engineered by a group of investors acting in concert. In the first few minutes, the trading in the scrip was relatively less frenetic, with bids in the range of Rs 70-100. But over the course of the next hour-and-a-half, bids inched up and touched the Rs 1,000 mark. However, by 12 pm, orders for single shares began, with the bid price rising exponentially from Rs 10,000 to Rs 55,000 in 15 minutes. BSE suspended trading in the stock at around 12:20pm, when the scrip touched Rs 15,000.

According to BSE data, only 1.4% of the company’s shares are with retail shareholders. Promoters hold a little over 49% in the company, while a clutch of corporate bodies owns another 49.5% in the company. This unprecedented event has re-ignited the debate on whether a first-day circuit filter is justified. Proponents say the absence of a filter is an open invitation for promoters to rig stocks, while others say the market is the best determinant of share prices.

ArcelorMittal buys 14.9% stake in Macarthur

2008-05-21T10:08:00.000-07:00

ArcelorMittal buys 14.9% stake in Macarthur: "World's largest steel maker ArcelorMittal today said it has acquired a 14.9 per cent stake in Australia's Macarthur Coal Limited for about $604.8 million."

GMR Infrastructure Q4 net up 2-fold at Rs50 cr

2008-05-21T10:07:00.000-07:00

GMR Infrastructure Q4 net up 2-fold at Rs50 cr: "The total income rose to Rs905.19 crore in the latest quarter, from Rs 619.47 crore in the same period last year"

Grey Market - Anu's Labs, Gokul Refoils

2008-05-21T10:05:00.000-07:00

Grey Market - Anu's Labs, Gokul Refoils: "Gokul Refoils 175 to 195 15 to 17 Anus Laboratories 200 to 210 38 to 40"

Suzlon posts strong growth despite paying for quality issues

2008-05-21T06:35:00.000-07:00

Suzlon posts strong growth despite paying for quality issues: "International realisations to improve"

Reliance Infratel and MCX IPO Band

2008-05-15T03:13:00.000-07:00

The ADAG company, Reliance Power IPO could to a large extent be blamed for the current lackluster primary markets. Its not like there are no IPOs hitting the markets, it’s just that, for now, the investors just seem to be too interested. Also the kind of companies currently in the IPO markets cannot exactly be termed as excellent.

Well, now looks like another ADAG company – Reliance Infratel would take the lead in actually getting the investors back to the IPO markets. In a way, while Reliance Power turned to be a put off, maybe Reliance Infratel will turn on.

Today, there was great news for the IPO markets. SEBI gave the much awaited go-ahead to two highly anticipated but very big issues – Multi Commodity Exchange or MCX as it is popularly recognized and to Reliance Infratel. These issues are expected to hit the markets in June. So the month of June, which brings in rains to revive the earth, will also see the much needed and currently missing frenzy coming back in the IPO markets.

People on the street are not overtly excited right now about the Reliance Infratel issue. There is huge interest but it is overshadowed with a sense of wariness. The memories of the previous IPO of ADAG are still quite fresh. So then the question comes – does this mean that people will not invest in the Reliance Infratel issue? No way will investors avoid this issue! Yes, we may not see the kind of craziness that preceded the issue of Reliance Power. But people are now more assured about ADAG. The way in which Anil Ambani helped investors recover their monies back, has to a large extent, reposed some amount of faith back. Though it’s doubtful whether the housewives would come flocking back this time around!

Reliance Infratel is a subsidiary of Reliance Communication, which holds 95% of the equity. Reliance Infratel will be diluting 10% of its equity and aims at raising Rs.5,000-6,000 crore. The IPO will issue over 8.91 crore equity shares of Rs. 5 each. So going by this, the company is looking at a price band of around Rs.550 – 650.

So this means that Anil Ambani had planned the IPO at a price higher than that of Reliance Power, which was issued at Rs.450 per share. In the current market, that might be a little too ambitious, especially given the background of Reliance Power IPO. Hopefully, lessons have been learnt from the previous issue and history would surely not get repeated again.

SEBI has also given the green signal to the IPO of MCX also. It is planning to issue one crore equity shares of Rs.5 each and aims to raise Rs.500-600 crore. It is then looking at a price band of Rs.500-600 per share.

Both the issues are from very strong companies, with even stronger brand equities. They both are expensive. But the bottomline is that the month of June will get marked as a good month for the Indian primary markets. And hopefully, these two issues will not suck out all the liquidity from the market, instead it will mark the onset of more quality issues in the IPO markets. The other biggies awaiting the nod are UTI Asset Management Company, Pipavav Shipyard, Oil India and JSW Energy.

IPO Refund System Gone

2008-05-14T03:23:00.000-07:00

Inflation, IIP, falling rupee and the rising crude prices might have dampened the moods but cheering news came in from the most unexpected quarters – SEBI. Right since the time C.B.Bhave took over as the new SEBI chief, the highest priority on his agenda has been to quicken the process of giving the refund money of IPOs back to the investors.

Mr.Bhave has rightly identified the problem which has always been there for all to see – slower refunds leading to poor responses for subsequent IPOs, as people waited and waited for the money to come back, so that they could then invest in other IPOs. Though SEBI has stated that refunds should be made within 15 days of the IPO, investors wait for months before they see their money again while some unfortunate one’s continue waiting for years. ONGC had gone public in 2003 and till now refunds of application money have not fully happened.

And Mr.Bhave has worked out a very good solution. Investors will no longer have to wait for weeks to get their refunds. As per the new policy, which has received the in-principle approval, application money earmarked for an IPO and rights issue would now remain in the investor’s bank account till the allotment is completed. This means that once this comes into effect, investors will earn interest on the money lying in the account and it will also ensure that the promoters of the company would not be able to (mis)use the money for taking care of their other liabilities.

To put it in simple parlance, SEBI is doing away with the concept of refund. When the money continues to remain in the applicant’s bank account, where does the question of refund arise at all?

This may take a while to actually get it implemented as SEBI would have to chalk out the modalities with the banks. SEBI is currently talking to seven banks to launch a pilot project in three months in select cities.

Obviously, this move was in response to the crisis, which took over the markets after the IPOs of Reliance Power and Future Capital. These mega sized IPO’s sucked out all the money from the system and with 15 days required to refund the money back, investors missed out on a lot of the other IPOs. And due to this crisis, big issues of Emaar and Wockhardt had to be taken off the marquee. Also with all the money locked in Reliance Power and Future, stocks in the secondary markets were going at bargains on the bourses, yet they could only wait and watch.

Apart from this landmark decision, SEBI has also decided to tighten the net worth criteria for portfolio managers. SEBI has decided to enhance the minimum networth requirement for registration as a portfolio manager from the existing Rs.50 lakh to Rs.2 crore. It also decided to give effect to the requirement of maintaining continuous networth separately for portfolio management activities.

The existing portfolio managers, whose networth is less than Rs.2 crore will have to increase it to at least Rs.1 crore within six months and thereafter to Rs.2 crore in the next six months from the date of notification of amendment to the SEBI (Portfolio Managers) Regulations, 1993.

This is again an excellent move as it will ensure that the fly-by-night, so called portfolio management companies would soon have to either down their shutters or ensure that they raise their networth to the stipulated Rs.2 crore. In a year's time, all those people, moving around with a briefcase and offering PMS services, with no office space would now have to look for alternate sources of employment. Today, anybody and everybody has opened up shop, offering “PMS” services, spoiling the entire standing of the profession. Hopefully, this move will go a long way in bringing about the much-needed correction in the business of portfolio management. And this move will in no way affect the bigger brokerage houses, it is only the small scale and individual PMS, which will hopefully get weeded out.

The SEBI board also decided that portfolio managers should not float a scheme or pool the resources of the client in a way that is akin to a mutual fund activity. They would be required to keep assets of each client separately and not in a pooled manner. A time frame of 6-months from the date of notification has been given to convert their operations managed on pooled basis to individual basis.

Portfolio management houses have been using this method of “pooled” resources as the easiest way to trade as the huge amount of money gives them the advantage of buying and selling in bulk. The need to now maintain separate assets would increase administrative costs.

All in all, Mr.Bhave has put the right foot forward and hopefully, he would have more such investor and market-friendly moves during his tenure.

Observations :- ICICI Bank and many others used to hold the sum of refund money to play swap games. Now, Banks may be looser. Now you shall retain interest and no need to pay outside city demand draft charges. CUDOS !! to Mr Bhave

Technical Analysis of Crude Oil

2008-04-29T08:23:00.001-07:00

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Technical analysis for crude oil
Crude oil prices hit an all time high near $120 a barrel after a strike in a refinery caused a pipeline system to shut down in UK. The pipeline usually delivers a third of Britain's North Sea oil to refineries which is more than 700,000 barrels of oil per day. In addition to that, 5 police officers were killed by unknown gunmen in oil-rich southern Nigeria which only added to supply fears of consumers while boosting crude oil prices. Friday, the contract gained $2.46 as it closed at $118.52 while recording a high of $119.55 per barrel and a low of $114.51 per barrel. Today oil so far recorded an all time high of $119.93 per barrel as the output in Nigeria declined by 50% since April 25 due to what we mentioned above, which is adding to economies inflationary pressure as oil prices continue to rise. Oil prices rally is also supported by the weakening dollar in which investors enter crude oil markets as a hedge against inflation and the falling greenback as it becomes cheaper for foreign investors as they hold a stronger currency. Today, the market opened at $118.94 which is the lowest set until now
Seeing that there are geopolitical tensions, this will only cause oil prices to continue forming bullish waves. By this investors are assured as they sit around and make profits, while consumers hope this will soon end as the summer season is coming just around the corner where massive demand on gasoline is seen with the known driving season.All Above facts are indicating thar crude oil is further looking strong but Financial astrology says now Honeymoon of Crude oil bull's is over any time big vertical fall is expected in World future market. Only thing required is Patience . Traders may go for short in crude oil with Stop loss US$ 122 for traget Us $ 115 very shortly. As per stars this time Not only crude oil but also all most all commodities were falling from their higest hights . Us dollars are almost at edge of bouncing back . I shall not surprice if Us dollars shoot up like rocket aginst all Market expert views. This artical may please save as record for future refrence . As i always say that no analysis is compleate unless time frame is define . So this above vertical fall is expected within 10 to 15 trading days. Remember all hedgefunds brokrage hosue will surprice to see Us dollars shoot up.
All the best to all the traders However one can follow technical data in crude oil.

Support
119.17 118.72 118.43 118.21 117.71
Resistance 119.94, 120.20 120.49 120.88 121.16

Recommendation- Sell Crude oil at higher levels .

Happy trading

Lt Col Ajay ( 28th April,2008)
Astromoneyguru
CEO
www.astromoneyguru.com

Corporate Results - Q4FY08 - Part VIII

2008-04-29T07:55:00.000-07:00

ITI reports net profit of Rs 24.61 crore in the March 2008 quarter
Sales decline 68.19% to Rs 364.06 crore

Firstsource Solutions net profit declines 63.91% in the March 2008 quarter
Sales rise 11.93% to Rs 134.86 crore

ING Vysya Bank net profit rises 133.17% in the March 2008 quarter
Operating income rises 13.51% to Rs 450.55 crore

Chamanlal Setia Exports net profit rises 176.34% in the March 2008 quarter
Sales rise 35.77% to Rs 40.84 crore

Bharati Shipyard net profit rises 6.18% in the March 2008 quarter
Sales rise 16.36% to Rs 184.26 crore

Gateway Distriparks net profit rises 1.36% in the March 2008 quarter

Alcobex Metals reports net loss of Rs 3.83 crore in the March 2008 quarter
TECIL Chemicals & Hydro Power reports net loss of Rs 1.87 crore in the March 2008 quarter

National Aluminium Company net profit declines 30.76% in the March 2008 quarter

Almondz Capital & Management Services reports net loss of Rs 0.08 crore in the March 2008 quarter

Landmarc Leisure Corporation reports net profit of Rs 0.05 crore in the March 2008 quarter

TajGVK Hotels & Resorts net profit rises 7.05% in the March 2008 quarter

Aurionpro Solutions net profit rises 250.49% in the March 2008 quarter

Piramal Glass net profit declines 32.23% in the March 2008 quarter

Lanco Global Systems net profit rises 391.07% in the March 2008 quarter

Elegant Marbles and Grani Industries reports net loss of Rs 0.51 crore in the March 2008 quarter

Aftek net profit rises 10.92% in the March 2008 quarter

Cranex net profit rises 25.00% in the year ended March 2008

Pentamedia Graphics net profit rises 647.06% in the March 2008 quarter

JK Tyre & Industries net profit rises 67.42% in the March 2008 quarter

Chowgule Steamships net profit rises 239.47% in the year ended March 2008

Taparia Tools net profit rises 39.36% in the March 2008 quarter

Nestle India net profit rises 47.67% in the March 2008 quarter

Maharashtra Seamless net profit rises 1.85% in the March 2008 quarter

Jayant Agro Organics net profit rises 159.09% in the March 2008 quarter

Kamper Concast net profit declines 6.50% in the March 2008 quarter

DE Nora India net profit declines 86.21% in the March 2008 quarter

Selan Explorations Technology net profit declines 20.35% in the March 2008 quarter

Kanoria Chemicals & Industries net profit declines 43.75% in the March 2008 quarter

Haryana Capfin reports net loss of Rs 0.03 crore in the March 2008 quarter

Pondicherry Spinners reports no net profit or loss in the March 2008 quarter

IFCI reports net loss of Rs 42.52 crore in the March 2008 quarter

Hanung Toys and Textiles net profit rises 142.97% in the March 2008 quarter

Ganga Papers India reports net profit of Rs 0.77 crore in the March 2008 quarter

Alstom Projects India net profit declines 95.86% in the March 2008 quarter

Ador Welding net profit declines 20.46% in the March 2008 quarter

IMP Powers net profit rises 30.96% in the March 2008 quarter

Bagalkot Udyog reports net loss of Rs 0.09 crore in the March 2008 quarter

Empee Distilleries reports net profit of Rs 4.35 crore in the March 2008 quarter

Nagarjuna Fertilizers & Chemicals net profit declines 32.80% in the March 2008 quarter

PFL Infotech reports nil net profit/loss in the March 2008 quarter

Pan Electronics (India) reports net loss of Rs 1.05 crore in the March 2008 quarter

Sovereign Diamonds reports net loss of Rs 0.15 crore in the March 2008 quarter

CEAT net profit rises 228.62% in the March 2008 quarter

Jhaveri Credits & Capital net profit rises 200.00% in the March 2008 quarter

Cybele Industries reports net loss of Rs 0.18 crore in the March 2008 quarter

Shree Nath Commercial & Finance reports net profit of Rs 0.48 crore in the March 2008 quarter

Sword & Shield Pharma reports nil net profit/loss in the March 2008 quarter

Mahindra Composites net profit rises 666.67% in the March 2008 quarter

Residency Housing Finance net profit remains constant at Rs 0.01 crore in the March 2008 quarter

Gayatri Sugars reports net profit of Rs 4.05 crore in the March 2008 quarter

Shree Ram Urban Infrastructure net profit remains constant at Rs 0.04 crore in the March 2008 quarter

Subex reports net loss of Rs 24.89 crore in the March 2008 quarter

Shriram Asset Management Co reports net profit of Rs 0.07 crore in the March 2008 quarter

Odyssey Technologies reports net loss of Rs 0.32 crore in the March 2008 quarter

Aban Offshore net profit rises 16.96% in the March 2008 quarter

Bliss GVS Pharma net profit rises 476.55% in the March 2008 quarter

Mahindra Ugine Steel Company net profit declines 48.99% in the March 2008 quarter

Hindustan Tin Works net profit declines 36.99% in the March 2008 quarter

Mangalam Ventures net profit rises 35.71% in the March 2008 quarter

Gayatri Projects net profit rises 341.01% in the March 2008 quarter

Ras Resorts & Apart Hotels net profit declines 43.33% in the March 2008 quarter

Bhushan Steel net profit rises 23.06% in the March 2008 quarter

Krebs Biochemicals & Industries reports net loss of Rs 3.48 crore in the March 2008 quarter

Vishal Retail reports net profit of Rs 10.40 crore in the March 2008 quarter

XL Telecom & Energy net profit rises 143.79% in the March 2008 quarter

Premier Polyfilm net profit declines 43.55% in the March 2008 quarter

Grasim Industries net profit rises 40.65% in the March 2008 quarter

IL & FS Investsmart net profit rises 545.45% in the March 2008 quarter

Network 18 Media & Investments reports net profit of Rs 32.43 crore in the March 2008 quarter

UTV Software Communications net profit declines 63.09% in the March 2008 quarter

Goldstone Infratech net profit rises 134.01% in the March 2008 quarter

Vesuvius India net profit rises 13.28% in the March 2008 quarter

Core Emballage reports net loss of Rs 1.53 crore in the March 2008 quarter

Venus Remedies net profit rises 61.97% in the March 2008 quarter

Shah Foods reports net loss of Rs 0.04 crore in the March 2008 quarter

Consolidated Construction Consortium reports net profit of Rs 35.77 crore in the March 2008 quarter

BNR Udyog net profit rises 75.00% in the March 2008 quarter

Empire Industries net profit declines 21.60% in the March 2008 quarter

Esab India net profit rises 25.08% in the March 2008 quarter

Online Media Solutions reports net loss of Rs 0.01 crore in the March 2008 quarter

Technocraft Industries (India) net profit rises 90.77% in the March 2008 quarter

Zenith Infotech net profit rises 47.48% in the March 2008 quarter

Willard India net profit rises 134.07% in the March 2008 quarter

PCS Technology net profit rises 15.15% in the March 2008 quarter

Zodiac-JRD-MKJ net profit rises 33.33% in the March 2008 quarter

Castrol India net profit rises 75.34% in the March 2008 quarter

Reliance Capital net profit rises 23.89% in the March 2008 quarter

Jayavant Products reports nil net profit/loss in the March 2008 quarter

Assambrook reports net loss of Rs 0.81 crore in the December 2007 quarter

K E W Industries net profit rises 50.00% in the March 2008 quarter

Zenith Exports reports net loss of Rs 0.50 crore in the March 2008 quarter

Jhunjhunwala Vanaspati net profit rises 72.65% in the March 2008 quarter

Alpha Hi-Tech Fuel reports net loss of Rs 0.06 crore in the March 2008 quarter

C J Gelatine Products reports net loss of Rs 0.04 crore in the March 2008 quarter

Nivi Trading net profit declines 66.67% in the March 2008 quarter

Solid Stone Company net profit rises 225.00% in the March 2008 quarter

Chennai Meenakshi Multispeciality Hospital reports net loss of Rs 0.72 crore in the March 2008 quarter

Thakral Services (India) reports net profit of Rs 0.13 crore in the March 2008 quarter

Allsoft Corporation reports net profit of Rs 0.03 crore in the March 2008 quarter

Cairn India reports net loss of Rs 8.74 crore in the March 2008 quarter

Modipon reports net loss of Rs 1.28 crore in the March 2008 quarter

English Indian Clays net profit declines 7.18% in the March 2008 quarter

Nirma reports net profit of Rs 37.87 crore in the March 2008 quarter

National Wind Power Corporation reports net loss of Rs 0.01 crore in the March 2008 quarter

Mediaone Global Entertainment net profit declines 67.69% in the March 2008 quarter

Wearology net profit rises 18.16% in the March 2008 quarter

Dazzel Confindive net profit rises 200.00% in the March 2008 quarter

Niwas Spinning Mills reports net loss of Rs 1.82 crore in the March 2008 quarter

Allied Digital Services reports net profit of Rs 12.39 crore in the March 2008 quarter

Subros net profit rises 9.78% in the March 2008 quarter

Aksh Optifibre reports net loss of Rs 2.68 crore in the March 2008 quarter

Ruby Mills reports net loss of Rs 1.12 crore in the March 2008 quarter

Sai Television reports net loss of Rs 0.01 crore in the March 2008 quarter

Alok Industries net profit declines 31.70% in the March 2008 quarter

Sujana Universal Industries net profit declines 49.45% in the March 2008 quarter

Sesa Goa net profit rises 216.18% in the March 2008 quarter

NEPC Agro Foods reports net loss of Rs 0.11 crore in the March 2008 quarter

Gokak Textiles reports net loss of Rs 8.74 crore in the March 2008 quarter

Sujana Metal Products net profit declines 19.65% in the March 2008 quarter

Wilwayfort India reports net loss of Rs 0.45 crore in the March 2008 quarter

Lloyd Rock Fibres reports net loss of Rs 0.22 crore in the March 2008 quarter

B N Rathi Securities reports net loss of Rs 0.15 crore in the March 2008 quarter

Available Finance reports net loss of Rs 0.02 crore in the March 2008 quarter

Brushman (India) net profit declines 2.75% in the March 2008 quarter

Chitradurga Spintex net profit rises 283.33% in the March 2008 quarter

Astrazeneca Pharma India net profit rises 12.75% in the March 2008 quarter

Padmanabh Alloys & Polymers reports net loss of Rs 0.02 crore in the March 2008 quarter

Carnation Nutra-Analogue Foods net profit declines 72.00% in the March 2008 quarter

NEPC Textiles reports net loss of Rs 0.90 crore in the March 2008 quarter

Corporate Results - Q4FY08 - Part VII

2008-04-28T10:03:00.000-07:00

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Pentasoft Technologies net profit declines 70.00% in the March 2008 quarter
Sales decline 62.50% to Rs 0.99 crore

Jindal Drilling & Industries net profit declines 15.93% in the March 2008 quarter
Sales rise 7.34% to Rs 102.27 crore

Ind-Swift net profit rises 90.10% in the March 2008 quarter
Sales rise 37.12% to Rs 141.41 crore

Morgan Ventures reports net loss of Rs 0.78 crore in the March 2008 quarter
Sales decline 39.13% to Rs 0.56 crore

Lumax Automotive Systems net profit declines 31.94% in the March 2008 quarter
Sales decline 4.03% to Rs 24.78 crore

Shakti Press reports net profit of Rs 0.18 crore in the March 2008 quarter

Arihant Foundations & Housing net profit rises 40.31% in the March 2008 quarter

Danlaw Technologies India net profit declines 76.19% in the March 2008 quarter

Bio Green Industries net profit rises 466.67% in the March 2008 quarter

Shiv-Vani Oil & Gas Exploration Services net profit rises 109.25% in the March 2008 quarter

Automotive Stampings & Assemblies net profit declines 74.61% in the March 2008 quarter

Thomas Cook (India) net profit rises 12.92% in the March 2008 quarter

Euro Ceramics net profit declines 60.20% in the March 2008 quarter

Gujarat Sidhee Cement net profit declines 21.95% in the March 2008 quarter

Maha Rashtra Apex Corporation reports net loss of Rs 0.67 crore in the March 2008 quarter

Titan Trading and Agencies reports net loss of Rs 0.01 crore in the year ended March 2008

Bhagwandas Metals net profit rises 16.67% in the March 2008 quarter

Micro Technologies India net profit rises 69.78% in the March 2008 quarter

Ador Fontech net profit rises 46.03% in the March 2008 quarter

Ingersoll-Rand India net profit rises 157.66% in the March 2008 quarter

XPRO India net profit declines 94.54% in the year ended March 2008

Tourism Finance Corporation of India net profit rises 60.19% in the March 2008 quarter

Clutch Auto net profit declines 72.18% in the March 2008 quarter

Balaji Amines net profit rises 48.56% in the March 2008 quarter

Strides Arcolab reports net loss of Rs 16.05 crore in the March 2008 quarter

Phillips Carbon Black net profit rises 37.17% in the March 2008 quarter

Bala Techno Industries net profit declines 97.73% in the March 2008 quarter

Garden Silk Mills net profit rises 96.91% in the March 2008 quarter

Monnet Ispat Energy net profit rises 33.68% in the March 2008 quarter

Ispat Profiles India reports net loss of Rs 9.58 crore in the March 2008 quarter

Celestial Labs net profit rises 222.78% in the March 2008 quarter

Industrial Cables (I) reports net loss of Rs 0.92 crore in the March 2008 quarter

Choksi Laboratories net profit rises 200.00% in the March 2008 quarter

Titagarh Wagons reports net profit of Rs 60.57 crore in the year ended March 2008

Hikal net profit declines 12.69% in the March 2008 quarter

Neelamalai Agro Industries net profit declines 78.00% in the March 2008 quarter

JCT Electronics reports net loss of Rs 9.18 crore in the March 2008 quarter

GSS America Infotech reports net profit of Rs 4.34 crore in the March 2008 quarter

BOC India net profit rises 2734.69% in the March 2008 quarter

Century Extrusions net profit rises 378.57% in the March 2008 quarter

JIK Industries reports net loss of Rs 0.59 crore in the March 2008 quarter

Finolex Cables net profit rises 13.14% in the March 2008 quarter

Hindustan Unilever net profit declines 3.04% in the March 2008 quarter

Info-Drive Software reports net loss of Rs 0.22 crore in the March 2008 quarter

N R Agarwal Industries net profit declines 35.89% in the March 2008 quarter

Paushak reports net loss of Rs 0.25 crore in the March 2008 quarter

Vishal Malleables net profit rises 10.00% in the March 2008 quarter

Bihar Tubes net profit rises 52.17% in the March 2008 quarter

Hydro S&S Industries net profit declines 7.92% in the March 2008 quarter

Dwarikesh Sugar Industries reports net profit of Rs 6.38 crore in the March 2008 quarter

Arshiya International net profit rises 591.09% in the March 2008 quarter

State Trading Corporation of India net profit rises 125.04% in the March 2008 quarter

3M India net profit rises 12.35% in the March 2008 quarter

Ind Tra Deco net profit remains constant at Rs 0.02 crore in the March 2008 quarter

Nagarjuna Agrichem net profit declines 29.23% in the March 2008 quarter

State Bank of Indore net profit declines 21.21% in the March 2008 quarter

GEE net profit rises 55.10% in the March 2008 quarter

Ruchira Papers reports net profit of Rs 0.47 crore in the March 2008 quarter

Eicher Motors net profit declines 6.76% in the March 2008 quarter

Arcee Industries reports net profit of Rs 0.27 crore in the March 2008 quarter

Reliance Natural Resources net profit rises 129.74 in the year ended March 2008

Sunil Hitech Engineers net profit rises 120.12% in the March 2008 quarter

Television Eighteen India net profit rises 25.50% in the March 2008 quarter

Polychem net profit declines 97.79% in the March 2008 quarter

Lanco Industries net profit rises 70.10% in the March 2008 quarter

Diamond Power Infrastructure net profit rises 112.08% in the March 2008 quarter

Bata India net profit rises 118.42% in the March 2008 quarter

Forbes & Company reports net loss of Rs 1.14 crore in the March 2008 quarter

Welspun Gujarat Stahl Rohren net profit rises 146.27% in the March 2008 quarter

Zuari Forex reports net loss of Rs 0.13 crore in the March 2008 quarter

Mold-Tek Technologies net profit rises 29.78% in the March 2008 quarter

Himachal Fibres reports net profit of Rs 27.99 crore in the March 2007 quarter

SKM Egg Products Export (India) net profit rises 227.15% in the March 2008 quarter

Godrej Consumer Products net profit declines 4.47% in the March 2008 quarter

Cords Cable Industries reports net profit of Rs 4.79 crore in the March 2008 quarter

Akruti City net profit rises 64.61% in the March 2008 quarter

Plethico Pharmaceuticals net profit rises 24.29% in the March 2008 quarter

(IDFC)Infrastructure Development Finance Company net profit rises 44.85% in the March 2008 quarter

Wockhardt net profit declines 98.65% in the March 2008 quarter

PG Foils reports net profit of Rs 2.71 crore in the March 2008 quarter

Tamil Nadu Telecommunications reports net loss of Rs 1.85 crore in the March 2008 quarter

Rose Investments reports nil net profit/loss in the March 2008 quarter

Himachal Fibres reports net profit of Rs 0.31 crore in the June 2007 quarter

Indian Overseas Bank net profit rises 5.59% in the March 2008 quarter

Reliance Energy net profit rises 35.33% in the year ended March 2008

Nelcast reports net profit of Rs 6.01 crore in the March 2008 quarter

CESC net profit rises 40.98% in the March 2008 quarter

Glenmark Pharmaceuticals net profit rises 108.02% in the March 2008 quarter

Nitco Tiles net profit rises 2.94% in the March 2008 quarter

Hexaware Technologies net profit declines 33.73% in the March 2008 quarter

Sri Sarvaraya Sugars net profit rises 86.36% in the March 2008 quarter

Reliance Power reports net profit rises 59068.75% in the year ended March 2008

Enkei Castalloy net profit declines 88.27% in the March 2008 quarter

(SIDBI)Small Industries Development Bank of India net profit declines 39.13% in the March 2008 quarter

Flawless Diamond (India) net profit rises 141.71% in the March 2008 quarter

State Bank of Patiala net profit rises 12.88% in the year ended March 2008

Mahaan Foods reports net loss of Rs 0.43 crore in the March 2008 quarter

Nucleus Software Exports net profit rises 91.71% in the March 2008 quarter

Bholanath International reports net loss of Rs 0.19 crore in the March 2008 quarter

Satra Properties (India) net profit rises 59.29% in the March 2008 quarter

Adarsh Plant Protect reports net loss of Rs 0.33 crore in the March 2008 quarter

Mayur Floorings net profit declines 50.00% in the March 2008 quarter

Sree Akkamamba Textiles reports net loss of Rs 0.06 crore in the March 2008 quarter

Triveni Engineering and Industries net profit rises 534.81% in the March 2008 quarter

Yash Papers net profit rises 973.08% in the March 2008 quarter

Indiabulls Securities reports net profit of Rs 55.29 crore in the March 2008 quarter

Reliance Power Bonus Ex Date

2008-04-25T03:04:00.001-07:00

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Reliance Power Ltd, on April 25, 2008 annouced date of closure of its Register of Members from June 03, 2008 to June 05, 2008 for the purpose of determining the entitlement of shareholders to the Bonus shares to be issued by the Company.

As approved by the shareholders of the Company, the Company will issue Bonus shares in the ratio of three new equity shares of Rs 10 each for every five existing equity shares of Rs 10 each held, to the public shareholders of the Company.

The bonus shares will be issued to those shareholders whose names appear in the Register of Members as at the end of the close of business hours on June 02, 2008.

Corporate Results - Q4FY08 Part VII

2008-04-24T08:20:00.000-07:00

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Prime Securities net profit declines 24.26% in the year ended March 2008
Sales rise 27.94% to Rs 52.47 crore

Mysore Cements net profit rises 17.01% in the March
2008 quarter
Sales rise 24.80% to Rs 181.46 crore

TCI Finance net profit declines 15.15% in the year ended March 2008
Sales decline 21.92% to Rs 1.14 crore

Geodesic Information Systems net profit rises 13.17% in the March 2008 quarter
Sales rise 66.60% to Rs 80.17 crore

PSI Data Systems net profit declines 59.91% in the March 2008 quarter
Sales decline 14.15% to Rs 20.38 crore

Shree Renuka Sugars net profit rises 139.37% in the March 2008 quarter

Avaya GlobalConnect net profit declines 44.20% in the March 2008 quarter

Pondy Oxides & Chemicals net profit rises 57.32% in the March 2008 quarter

Hella India Lighting reports net loss of Rs 0.64 crore in the March 2008 quarter

Lincoln Pharmaceuticals net profit declines 20.00% in the March 2008 quarter

Deepak Spinners reports net loss of Rs 1.38 crore in the March 2008 quarter

Softpro Systems net profit rises 586.67% in the March 2008 quarter

EID Parry India reports net profit of Rs 37.90 crore in the March 2008 quarter

Sanghi Polyesters reports net loss of Rs 6.15 crore in the March 2008 quarter

Gujarat NRE Coke net profit rises 26.06% in the March 2008 quarter

Hero Honda Motors net profit rises 53.18% in the March 2008 quarter

Central Bank of India net profit declines 56.72% in the March 2008 quarter

Hindustan Zinc net profit rises 36.68% in the March 2008 quarter

Anukaran Commercial Enterprises net profit declines 66.67% in the year ended March 2008

Garware Offshore Services net profit rises 7.85% in the March 2008 quarter

Indiabulls Financial Services net profit rises 75.03% in the March 2008 quarter

HCL Infosystems net profit declines 52.41% in the March 2008 quarter

Idea Cellular net profit rises 110.74% in the March 2008 quarter

Zensar Technologies net profit rises 29.61% in the March 2008 quarter

Hinduja Ventures net profit rises 20.27% in the March 2008 quarter

Piramal Healthcare net profit rises 317.16% in the March 2008 quarter

ACC net profit rises 0.53% in the March 2008 quarter

H. S. India net profit declines 72.19% in the March 2008 quarter

SNL Bearings net profit rises 103.85% in the March 2008 quarter

HDFC Bank net profit rises 37.12% in the March 2008 quarter

D P S C reports net profit of Rs 3.37 crore in the March 2008 quarter

Timken India net profit rises 13.39% in the March 2008 quarter

Grindwell Norton net profit declines 11.89% in the March 2008 quarter

Marico net profit declines 7.14% in the March 2008 quarter

Vimal Oil and Foods net profit rises 153.97% in the March 2008 quarter

IL&FS Investment Managers net profit rises 66.10% in the March 2008 quarter

Bajaj Steel Industries net profit rises 1212.50% in the March 2008 quarter

Kshitij Investments net profit rises 757.14% in the June 2007 quarter

Zenith Fibres net profit declines 20.69% in the March 2008 quarter

Maruti Suzuki India net profit declines 33.64% in the March 2008 quarter

ICSA India net profit rises 104.59% in the March 2008 quarter

Jindal Hotels net profit declines 3.45% in the March 2008 quarter

Hindustan Hardy Spicer net profit rises 176.19% in the March 2008 quarter

Advance Petrochemicals reports net loss of Rs 0.10 crore in the December 2007 quarter

Advance Petrochemicals reports net loss of Rs 0.12 crore in the September 2007 quarter

Advance Petrochemicals reports net loss of Rs 0.66 crore in the June 2007 quarter

Gamma Infoway Exalt reports net loss of Rs 0.05 crore in the March 2008 quarter

Dhoot Industrial Finance net profit declines 89.35% in the March 2008 quarter

Everest Industries net profit declines 87.22% in the March 2008 quarter

Noida Toll Bridge - Solid Results

2008-04-23T08:16:00.001-07:00

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We have been recommending this stock as a good long term buy for some time now, as we strongly believe that it is a fundamentally sound company. And the company’s financial performance for the year ended 31st March 2008 more than reiterates this belief of ours.

The company has posted excellent results for FY08. YoY, the company’s net sales rose 41% at Rs.66.39 crore. EBIDTA was up 9% at Rs.40.35 crore. OPM was down from 78.56% in FY07 to 60.78% in FY08. But the company had no interest outgo and this helped boost the bottomlines dramatically, PBT was up by a whopping 185% at Rs.31.72 crore and PAT was up 153% at Rs.27.98 crore. NPM rose from 23.48% to 42.14%. The growth in income has outpaced the growth in traffic due to an annual revision in toll rates and an increase in other operational income

On an equity of Rs.186.19 crore, the company posted an EPS of Rs.1.50 as against 59 paise in FY07.

As we had mentioned earlier, the first phase of Mayur Vihar Project commenced in July 2006 and was opened to the public on 15th June, 2007. Work on the second phase of the project has been completed and opened to the public on January 19th, 2008. And this opening up of the bridges on both the sides has given a major boost to the bottomlines of the company in Q4. The full effect of this would obviously be reflected in the current fiscal.

The one big grouse which its shareholders have is that the company has not yet declared a dividend. And replying to that, the company has stated that the company intends to recommend the commencement of payment of dividends once the profitability of the company is established.

The company’s biggest asset is its land bank of 235 acres on either side of the bridge – 200 acres on Delhi side and 35 acres on Noida side. In 2002, it was valued at RS. 350 crore and presently, its worth is Rs. 1,500 crore. The company is awaiting permissions to start development. Once that happens, this land bank will be its milch cow.

Buy Noida Toll at the current price of Rs.51.

Oudh Sugar - Results Analysis

2008-04-23T08:15:00.001-07:00

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Another K.K.Birla sugar company, Oudh Sugar Mills , with three sugar mills, two in UP and one in Bihar, has managed to turnaround and post some good results for the third quarter ended 31st March 2008.

One of the most profitable companies in the industry, the company had been mired in losses for some time now, a story common with all the sugar mills. But after a long time, Oudh has managed to turnaround. QoQ, the company’s total income rose by a healthy 45% at Rs.91.71 crore. This company also managed to bring down its operating costs, which was lower by 9%. EBIDTA rose over 4 times to Rs.42.66 crore. Consequently, OPM was up from 18.2% to 48.16%.

The company posted a PBT of Rs.25.71 crore as against a loss of Rs.4.75 crore in Q2FY08. It had a net profit of Rs.16.69 crore as against a net loss of Rs.3.29 last quarter. The company’s total tax liability for the quarter was at Rs.9.03 crore of which Rs.98.92 lakhs is deferred tax. This is nothing but just a book entry and one has to actually add back the deferred tax to get the true picture. So the PAT is actually closer to its PBT at Rs.25.61 crore. This is quite healthy given the current state of affairs in the Indian sugar sector.

The construction of the company’s greenfield integrated sugar project of 7000 TCD along with co-generation plant at Kushinagar (U.P.) and Distillery at Hargaon is in progress.

The going continues to remain tough for the sugar industry and sugar prices are expected to remain depressed for this fiscal too, what with the Govt also using a whiplash to keep down inflation. The company’s distillery and co-gen once it goes on stream fully will add on to the topline though sugar will continue to remain its mainfray. For now, the outlook on sugar sector continues to remain dim, so despite turnaround, best to stay away for some time.

Upper Ganges - Disappointing Results

2008-04-23T08:12:00.000-07:00

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Upper Ganges Sugar and Industries Ltd., a K K Birla group company has once again, as expected, posted very disappointing results for third quarter ended 31st March 2008. These results also includes the performance of its Cinnatolliah Tea Garden, which closes its year on March 31 each year, and here, the results of the said unit for the period from April 01, 2007 to December 31, 2007 have been considered. Though, the company has not given up a breakup of the contribution of this tea garden.

Despite the tea garden, the results of this sugar mill are not sweet. QoQ, the company reported a 15% fall in net sales at Rs.68.85 crore. This, the company has explained was mainly on account of the unprecedented floods during August/September 2007, which had damaged almost 80% of cane crop in the area covered by the company’s sugar unit at Hasanpur. And due to the ongoing expansions at Hasanpur, the company did not operate the plant during the current season, instead decided to use the entire standing crop for the cane plantation so as to ensure adequate availability of sugarcane for the next season.

And then by bringing down its operating costs by 58%, which was mainly account of the decrease in the stock in trade on account of no activity, the company managed to turn around completely. EBIDTA rose 4.6 times to Rs.38.32 crore, PBT was at Rs.21.76 crore as against a loss of Rs.2.33 crore in Q2 FY08 and PAT was at Rs.14.52 crore, as against a loss of Rs.1.678 crore in Q2FY08. So the company has lower sales, has floods, yet it manages to turn around. Wow! Now that’s a feat which not many can boast about!

During the year, the company commissioned its co-generation power plant of 24 MW at Seohara and also started production at enhanced capacity of 100 KLPD in Distillery unit. This is what probably helped the company keep its losses away, as distillery and co-gen are profitable businesses for a sugar unit.

Looking at the scenario and future price of sugar, quoted on commodity exchanges, the pain for sugar industry, would continue to remain, despite the company having “turned around”, there does not seem to be much in store for the stock to perform on the bourses.

Corporate Results - Q4FY08 - Part VI

2008-04-23T08:11:00.001-07:00

Accentia Technologies reports net profit of Rs 4.98 crore in the March 2008 quarter
Sales reported at Rs 17.03 crore

ASM Technologies reports net profit of Rs 0.98 crore in the March 2008 quarter
Sales rise 63.46% to Rs 10.87 crore

Container Corporation Of India net profit rises 19.94% in the March 2008 quarter
Sales rise 11.81% to Rs 903.59 crore

Mercury Laboratories net profit declines 80.00% in the March 2008 quarter
Sales rise 5.59% to Rs 5.67 crore

Shakti Pumps (India) net profit rises 76.85% in the March 2008 quarter
Sales rise 56.38% to Rs 27.35 crore

State Bank of Mysore net profit declines 0.06% in the March 2008 quarter

Pennar Industries net profit rises 34.12% in the March 2008 quarter

Paper Products net profit rises 21.71% in the March 2008 quarter

Aventis Pharma net profit declines 20.32% in the March 2008 quarter

Supreme Petrochem net profit declines 33.62% in the March 2008 quarter

Kothari Sugars & Chemicals net profit rises 927.17% in the March 2008 quarter

Abirami Financial Services India reports no net profit or loss in the March 2008 quarter

Disa India net profit declines 8.17% in the March 2008 quarter

Vishal Cotspin reports net loss of Rs 0.39 crore in the March 2008 quarter

Polaris Software Lab net profit declines 4.78% in the March 2008 quarter

G G Dandekar Machine Works net profit declines 95.23% in the March 2008 quarter

Advani Hotels & Resorts India net profit rises 40.91% in the March 2008 quarter

Simplex Trading & Agencies reports no net profit or loss in the March 2008 quarter

Cosmo Films net profit rises 79.29% in the year ended March 2008

Gati net profit declines 52.72% in the March 2008 quarter

Harita Seating Systems net profit rises 71.95% in the March 2008 quarter

Lynx Machinery & Commercials reports net loss of Rs 3.14 crore in the March 2008 quarter

Nippo Batteries Company net profit declines 3.35% in the March 2008 quarter

Ishwar Bhuvan Hotels net profit rises 4.00% in the March 2008 quarter

Assam Petrochemicals net profit declines 5.38% in the March 2008 quarter

Oriental Bank of Commerce reports net loss of Rs 99.44 crore in the March 2008 quarter

CRISIL net profit rises 284.85% in the March 2008 quarter

Eastern Silk Industries reports net loss of Rs 15.63 crore in the March 2008 quarter

Indian Bank net profit rises 2.70% in the March 2008 quarter

Aravali Industries net profit declines 73.08% in the March 2008 quarter

Bajaj Hindustan net profit rises 1075.68% in the March 2008 quarter

Kothari Petrochemicals net profit rises 101.92% in the March 2008 quarter

Kirloskar Oil Engines net profit declines 33.91% in the March 2008 quarter

SKF India net profit rises 3.00% in the March 2008 quarter

Educomp Solutions net profit rises 139.60% in the March 2008 quarter

Blue Circle Services reports no net profit or loss in the December 2007 quarter
Blue Circle Services reports no net profit or loss in the September 2007 quarter
Blue Circle Services reports no net profit or loss in the June 2007 quarter

Redex Protech net profit rises 50.00% in the June 2007 quarter

Redex Protech net profit rises 100.00% in the December 2007 quarter

TVS Electronics net profit declines 37.33% in the March 2008 quarter

Redex Protech net profit rises 50.00% in the September 2007 quarter

Bhagawati Gases net profit rises 56.60% in the March 2008 quarter

Pulsar International reports net loss of Rs 0.02 crore in the March 2008 quarter

Rishabh Digha Steel & Allied Products net profit rises 380.95% in the March 2008 quarter

Shaw Wallace & Company net profit rises 725.51% in the March 2008 quarter

Vision Technology India net profit rises 3.23% in the March 2008 quarter

Walchand Peoplefirst net profit declines 85

Greaves Cotton - Analysts Meet

2008-04-21T07:55:00.001-07:00

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Greaves cotton
Greaves Cotton held a conference call on April 21, ’08 to discuss about the performance of the company for the quarter ended Mar ’08. In the conference call, the company was represented by P Sachdev, the CEO & Managing director of the company. Highlights of the meeting are:-

Sales (net) of the company for the quarter grew by 4.9% to Rs 341.57 crore and the EBITDA was Rs 47.08 crore. The EBIDTA margin shrunk to 13.8% compared to 15.5% in the corresponding previous period.

The company has accounted a profit on sale of land amounting Rs 3.60 crore (nil in corresponding previous period) as part of its Pune plant has been acquired by the Government of Maharashtra. Finally the net profit was lower by 10% to Rs 30.46 crore.

About seventy percent of the sales have come from Engines business with that of Infrastructure equipment accounting about 28% for the quarter ended Mar ’08. In comparison the ratio stood at 80:20 in last fiscal ended Jun ’07.

Strong downside pressure was witnessed in case of engine sales to automotive segment. Though the off take by Piaggio has remained stable, the dip occurred in case of others. This is largely on account of market scenario where hardening interest rate hits the demand for vehicles.

Piaggio accounts for 25% of the topline of the company. The company has recently concluded agreement with Piaggio under which the latter will source 100% of their engine requirement from CGL even post 2010.

Capacity utilization of the twin cylinder plant at Aurangabad, which commenced operation in Aug ’07, is very low. The unit set up at a cost of Rs 60 crore has a capacity to produce 35-36000 numbers of engines and transmission parts. The unit has to get enough volume and it currently caters only to non automotive segments. The company is currently negotiating with various automobile players including commercial vehicle players. The company expects the capacity utilization is expected to be over 50% next fiscal and clock a turnover of Rs 100 crore and eventually to Rs 200 crore on full capacity utilization.

On Infrastructure equipment side the company is both expanding its product offerings as well as its capacity. It recently commissioned a unit for compactors in Gummidipoondi near Chennai. The company has signed a fresh collaboration agreement with Bomag of Germany for production of vibratory compactors. Bomag is the world no. 1 among the dedicated compactors manufacturers and the company has leveraged on its 20 yrs relationship for technical collaboration. The company’s current infrastructure equipment capacity will be sufficient to take care for another 2 years.

Sale of light automotive engines will see downside pressure for a while.

Investment in two plants for Indl equipment, medium engines in Pune and Aurangabad capacity augmentation are to bring in volume and revenue growth going forward.

Capex of Rs 50 crore going forward.

Overall inventory days – 45 days

The company’s efforts to reduce the over dependence on Piaggio is still on. Even consolidating its relationship with Piaggio the company is trying to rop in more OEM customers with significant volume. TVS is making only petrol and electric vehicle and not diesel 3 wheelers.

Apart from Piaggio, the company supplies light automotive engines to M&M , Scotters India, Atul, Kerala Scotters etc.

The engines for agricultural applications grew 5-7 % annually The company has strong market share.

The Infrastructure equipment division currently sources engines from outside. The company is developing the engines required by its construction equipment division but that will not happen immediately.

The company will be paying full tax in current fourth quarter and going forward.

In long term the company expects a margin of around 14% for infrastructure equipment.

Titagarh Wagons attracts 31% premium on debut

2008-04-21T07:52:00.001-07:00

Titagarh Wagons attracts 31% premium on debut

Settles at Rs 707.20 on BSE compared to IPO price of Rs 540

Titagarh Wagons settled at a premium of 31% at Rs 707.20 on BSE over the initial public offer price of Rs 540, on its debut today, 21 April 2008.

Titagarh Wagons debuted at Rs 550, a premium of 1.85% over IPO price of Rs 540. On BSE, 53.47 lakh shares were traded in the counter. The stock hit a high of Rs 734.40 and a low of Rs 550.

Titagarh Wagons, a private sector railway wagon manufacturer in India, had priced its initial public offer (IPO) at the lower end of the Rs 540 - Rs 610 price band.

The initial public offering (IPO) of Titagarh Wagons had received bids for 1.6 crore shares as against 23.83 lakh shares on offer. The issue was subscribed 6.75 times. The qualified institutional buyer's portion was subscribed 10.36 times,non institutional investor's portion was subscribed 2.76 times, retail investor portion was subscribed 0.97 times and employee reservation portion was subscribed 0.07 times.

Private equity investor Blackstone has picked up a minority interest in Titagarh Wagons for Rs 672 a share, which is the fifth major investor to put money in Titagarh Wagons. Other investors include GE Capital Infrastructure (15%), JP Morgan (5%), 2i Capital (6%) and ChrysCapital (6.5%).

Titagarh Wagons is a leading private sector wagon manufacturer in India. It manufactures railway wagons, bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration etc.

It is into three broad business lines - wagon manufacturing, special projects and heavy earth moving and mining equipment division. Money raised through this IPO will be used for setting up an EMU manufacturing facility at Uttarpara unit, modernising and expanding the existing facilities at Titagarh and Uttarpara units, setting up an axle machining and wheelset assembly facility at Uttarpara unit, constructing a corporate office and a design cum research and development office. Money will also be used for strategic acquisition or investments and brand building exercise and General corporate purposes.

The existing order book of the company stands at Rs 753.11 crore with the rolling stock division constituting nearly Rs 669.39 crore as on 31 January 2008.

The company reported a net profit of Rs 26.02 crore on sales of Rs 207.53 crore in sixth months ended September 2007.

The current price of Rs 707.20 discounts its half year ended September 2007 annualised EPS of Rs 28.2, by a PE multiple of 25.07.