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Archive for March, 2009

L&T bags 1100 cr order from Powergrid & Rail Vikas Nigam Limited

L&T has bagged a slide of large-value orders aggregating Rs 1100 crores in the electrical construction sector in the fourth quarter of 2008-09 from leading public sector organizations – the Power Grid Corporation of India Limited and the Rail Vikas Nigam Limited and involves setting up high end transmission lines and substations as well as […]


Good Stock pick @1550- BHEL

“BHEL’s strong pick with an order book of 4.8x FY2008 revenues coupled with its strong balance sheet makes it our preferred pick in the sector. It expect the company to report a turnover growth of 31.5% year on year (yoy) and profits to grow at 8.2% yoy. For the full year, the company would be […]


ICICI Bank,GVK,Dish Tv,Unitech,India cements add OI(open interest)

·         ICICI Bank has seen a huge turnover, reported more than Rs 1,000 crore. It has seen a build up of 25 lakh shares in OI. ·          Unitech has added about 47 lakh shares in OI with a turnover of Rs 186 crore. ·         Volumes were on the lower side today, at afternoon. F&O turnover […]


Corporate Quaterly Results.

Jindal Saw net profit declines 84.90% in the December 2008 quarter Swasti Vinayaka Synthetics net profit declines 20.37% in the year ended dec o8. Diana Tea Company net profit rises 29.34% in the year ended December 2008 Pfizer net profit declines 79.78% in the February 2009 quarter Abbott India net profit declines 0.57% in the […]


Stocks Down ICICI Bank,JP Associate TCS, RIL and Tata Steel

·  Selling pressure intensified in afternoon trade with the BSE Bankex tumbling close to 8 per cent. Frontline stocks were under severe  . ·  Noon time, Bombay Stock Exchange’s Sensex shed 428.23 points or 4.26 per cent to 9,620.26. The index fell to a low of 9,584.36 after opening trade at 9,902.35. ·  National Stock […]


Lupin Acquires 51% stake in Multicare Pharmaceuticals Philippines

Lupin Limited today announced the acquisition of a 51% stake in Multicare Pharmaceuticals Philippines, Inc (MC) of Philippines. MC is a premium branded generics company with a strong position in the women’s health and child care segment. The company reported revenues of Php 272 Mill (approx. USD 6mn) for the year ending December 2008. The […]


Last week Market snapshot….

India’s wholesale price index (WPI) rose 0.27% in the 12 months to 14 March 2009, The 30-share BSE Sensex jumped 1,081.81 points or 12.06% to 10,048.49, in the week ended Friday, 27 March 2009. The broader 50-issue Nifty jumped 301.6 points, or 10.74%, to end the week at 3108.65. The BSE Mid-Cap index gained 173.10 […]