Infosys Technologies - results disappoint
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Tuesday, July 13, 2010
Asian markets depressed on lack of direction
Worries about a persistent slowdown in the Chinese housing market affect overall sentiments
BSE Bulk Deals to Watch - July 13 2010
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
13/7/2010 530713 Ajel Info SAUMIL ARVIND BHAVNAGARI B 78000 34.15
13/7/2010 530713 Ajel Info NAYANKUMAR SHAH KALPANABEN B 53951 33.80
NSE Bulk Deals to Watch - July 13 2010
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
13-JUL-2010,AEGISCHEM,Aegis Logistics Ltd,SUNDEEP CREDITS PVT LTD,BUY,209030,436.76,-
13-JUL-2010,BAGFILMS,B.A.G Films and Media Ltd,SAFFRON FINANCE LIMITED,BUY,2667391,16.32,-
Infy fails to break momentum, Nifty above 5400
Today's major news
Infosys Technologies falls on disappointing Q1 nos; the stock closes 3.44% lower
Subex spurts on European order win; the stock ends 4.01% higher
Network18 surges on strategic pact; the stock closes 4.56% higher
Sensex, Nifty attain 29-month closing highs; realty shares soar
Revival of monsoon rains and stepping up of buying by foreign funds helped the key benchmark indices attain their highest closing level in 29-months. Rally in European stocks and US index futures supported the domestic bourses as the market extended gains for the fourth day. The stock market regulator Securities & Exchange Board of India (Sebi)'s recent decision to cut exposure margins on stock derivatives, also supported sentiment. Realty shares jumped in late trade on speculation the government will soon announce a hike in foreign direct investment (FDI) in the real-estate sector. Index heavyweight Reliance Industries (RIL) surged.
Nifty July 2010 futures above 5,400
Turnover rises
Nifty July 2010 futures were at 5,418, at a premium of 17.35 points compared to spot closing of 5,400.65. Turnover in NSE's futures & options (F&O) segment surged to Rs 80,272 crore from Rs 74,543.90 crore on Monday, 12 July 2010.
Infosys Q1 net profit down 8% to Rs 1488 cr
India's second largest IT services exporter - Infosys Technologies has announced its first quarter results of FY11. The net profit declined 7.98% to Rs 1,488 crore as against Rs 1,617 crore, on quarter-on-quarter basis (QoQ).
Revenues jumped 4.27% to Rs 6,198 crore from Rs 5,944 crore.
First quarter numbers of the company were below expectations. CNBC-TV18 poll saw the net profit at Rs 1,564.5 crore and net sales at Rs 6,213.9 crore.
via CNBC-TV18
Grey Market Premiums - July 13 2010gre
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Aster Silicates Ltd. | 118 | 6 to 7 |
| Technofab Engineering | 240 | 32 to 33 |
| | 166 | 5 to 6 |
Infosys Q1 result to set the tone
The Q1 results of IT bellwether Infosys and revision in full year guidance, if any, from the IT major will set the tone for the market. Infosys is likely to announce the results before trading hours today, 13 July 2010. Investors will also watch Infosys' guidance for the second quarter ending September 2010 at the time of announcing the first quarter results. The Infosys stock had hit a record high of Rs 2,911.55 on Monday, 12 July 2010, ahead of the results. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicated that the Nifty could gain 11.50 points at the opening bell. Asian stocks were in green.
Strong start likely; Infosys results eyed
Headlines for the day:
FMCG, agriculture companies make a beeline
Asian Hotels sells stake in subsidiary to IL&FS
JSPL to sign MoU with Orissa for Rs45,000 crore
Daily News Roundup - July 13 2010
Suzlon Energy has bagged orders worth ~Rs1.2bn from Malpani Group to setup, operate and maintain two new wind power projects in Karnataka and Maharashtra. (ET)
Tata Chemicals has received the approval of shareholders to raise Rs4bn through issue of 11.5mn shares on a preferential basis to promoter Tata Sons. (BL)
Sensex, Nifty survive IIP scare
Indian markets extended last week's advance as the NSE Nifty surged past the 5400 levels for the first time since February 6, 2008. The BSE Sensex also flew past the 18,000 mark in the early trades. However, the euphoria was short lived as bulls were stunned to see a surprisingly weaker-than-expected IIP data.
Annual Report - Jyothy Laboratories - 2009-2010
JYOTHY LABORATORIES LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
To,
The Members,
Your Board of Directors is pleased to present the Nineteenth Annual Report
together with the Audited Financial Statements for the year ended March 31,
2010 compared with previous period (July 1, 2008 to March 31, 2009) as
follows:
Annual Report - Monsanto India - 2009-2010
MONSANTO INDIA LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
To
The Shareholders,
Your Directors have pleasure in presenting their 60th Annual Report
together with the Audited Accounts for the year ended 31st March, 2010.
Annual Report - HOV Services - 2009-2010
HOV SERVICES LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
To
The Members
Your Directors are pleased to present the Company's Twenty- Second Annual
Report on the Business and Operations of HOV Services Ltd (the 'Company' or
'HOVS') together with the Audited Statement of Accounts for the year end
March 31, 2010.
Annual Report - EID Parry - 2009-2010
E.I.D. PARRY (INDIA) LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
Your Directors have pleasure in presenting their Report together with the
audited accounts for the financial year ended 31st March, 2010.
Annual Report - Hyderabad Industries - 2009-2010
HYDERABAD INDUSTRIES LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
TO
THE SHAREHOLDERS
The Directors have pleasure in presenting their Report and the Audited
Accounts of the Company for the year ended 31st March 2010.
Hindustan Media Ventures fixes IPO price
At Rs 166 per share
Hindustan Media Ventures (HMVL), the publisher of Hindi daily Hindustan, has priced its initial public offer (IPO) at Rs 166 per share. HMVL had set the IPO price band at Rs 162-175 per share.
Finolex Industries
Investors with short-term trading perspective can consider buying the stock of Finolex Industries. It is evident from the charts of the stock that it is in uptrend in all time frames — long-, medium- and short-term. After taking support around Rs 65 in late May, the stock resumed its long-term uptrend and began to accelerate. Thereafter in late June, the stock breached its immediate resistance level of Rs 83 conclusively. On July 12, the stock jumped four per cent, reinforcing its ongoing bullish momentum. We note that the stock's current rally has been backed by good volume. The stock is trading well above its 21- and 50-day moving averages. Both daily and weekly relative strength indices are featuring in the bullish zone. Further, daily and weekly moving average convergence divergence indicators are firmly placed in the positive territory. Our short-term forecast on the stock is positive. We anticipate the stock's rally to continue until it hits our price target of Rs 93 or Rs 95 in the upcoming trading sessions. Traders with short-term perspective can buy the stock while maintaining stop-loss at Rs 86.
via BL
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