Archive for April, 2009
Corporate news…
Gujarat Ambuja Exports to consier interim dividend AXIS Bank allots equity shares Elantas Beck India recommends dividend Adinath Bio-Labs recommends dividend Pennar Industries to consider buy back of equity shares Vijaya Bank to consider dividend Mavens Biotech recommends dividend CSS Technergy to hold board meeting Alkali Metals recommends dividend Dhandapani Finance to change its name [...]
Buy stock Andhra Bank with target @75….
Andhra bank in 4th QFY09, expect to record 22% growth in deposits and 31% growth in net advances and would report 39% (Y/Y) growth in net interest income (NII) to Rs 4.5 billion; in this quarter growth rates in credit and deposits and better cost of funding would marginally enhance margin. Andhra Bank’s fee-based income [...]
Buy BASF stock with target @ 265…
BASF India’s standalone Q4FY2009 performance is in line with expectation. The net profit for the quarter has come in at Rs 5.5 crore, up by 24.3% year on year (yoy), as compared with our estimate of Rs 5.6 crore for the quarter. However, the net sales for the quarter grew by a paltry 3.4% yoy [...]
Crporate updates….stock market
Phillips Carbon Black commissions 30 MW power plant at Durgapur Varun Shipping acquires highly sophisticated AHTS vessel Triveni Engineering & Industries to announce financial results GAIL receives oil and gas transportation company of the year award AREVA T&D India bags prestigious order for two 500 MVA power transformers Arvind’s board approves reschedulement of long term [...]
Corporate financial results…
Container Corporation Of India net profit declines 7.54% in the March 2009 quart Raj Television Network reports net loss of Rs 3.08 crore in the March 2009 quart Upper Ganges Sugar & Industries net profit declines 37.33% in the March 09 quar Arcotech net profit rises 156.61% in the March 2009 quarter Vatsa Corporations reports [...]
Sensex closed below 11000 today
The benchmark indices retreated sharply and snapped the two-day rally on the back of profit booking in heavyweights. Infrastructure, rate sensitives, commodities and telecom stocks witnessed huge selling pressure. The Sensex closed below the 11,000 mark while the Nifty slipped below the 3400 mark, though it touched the 3500 mark during the day. · [...]
Infosys-Red flag for its earning…
· India’s second largest software services exporter, has raised the red flag for its earnings going forward during fiscal 2009-10 stating that the income for the first quarter will see a 5 per cent drop on a sequential quarter basis, while the full year growth will be in single digit and will be in the [...]
