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Tuesday, August 02, 2011
Piramal Healthcare Q1 cons net profit at Rs89 cr
Piramal Healthcare has announced the following results for the quarter ended June 30, 2011
Standalone Results
The Unaudited results for the Quarter ended June 30, 2011
The net profit of the company stood at Rs101.09 crore for the quarter ended June 30, 2011 whereas the same was at Rs66.91 crore for the quarter ended June 30, 2010.
The total income of the company came in Rs334.83 crore for the quarter ended June 30, 2011 whereas the same was at Rs599.73 crore for the quarter ended June 30, 2010.
Consolidated Results
The Unaudited consolidated results for the Quarter ended June 30, 2011
The net profit of the group came in Rs89.23 crore for the quarter ended June 30, 2011 whereas the same was at Rs80.74 crore for the quarter ended June 30, 2010.
The total income of the group stood at Rs511.96 crore for the quarter ended June 30, 2011 whereas the same was at Rs866.22 crore for the quarter ended June 30, 2010.
The figures for the quarter ended June 30, 2011 are not comparable to the previous quarter on account of the sale of Domestic formulation business and Diagnostics Services.
Piramal Healthcare closed at Rs380.65, down by 0.31%, with a volume of 0.26 lakh shares on the BSE
Power Grid Q1 net profit at Rs705 cr
Power Grid Corporation of India announced the following unaudited results for the quarter ended June 30, 2011:
The net profit of the Company advanced by 0.30% to Rs705.29 crore for the quarter ended June 30, 2011 as compared to Rs703.18 crore for the quarter ended June 30, 2010.
Total Income surged by 9.11% to Rs2345.73 crore for the quarter ended June 30, 2011 to Rs2149.69 crore for the quarter ended June 30, 2010.
Power Grid Corporation closed at Rs107.75, up by 0.23%, with a volume of 2.04 lakh shares on the BSE.
FMPs - is it good to invest in them ?
With short term interest rates of less than a year looking good, it is not only banks which are coming up with attractive one-year deposits. Mutual funds too have been launching a number of one year close-ended debt products called Fixed Maturity Plans (FMPs) that could offer attractive yields.
However, there is the catch. Despite higher risk compared with deposits, FMPs, which typically invest in debt instruments for a fixed period, be it money market instruments or government and corporate bonds, were seen a superior option to bank deposits, due to their lower tax incidence. This is set to change if the revised draft of Direct Tax Code (DTC) is to be adopted in its current form from April 2012. Here's a quick recap on what made FMPs superior to Fixed Deposits (FDs) so far and how investors have to be selective with FMPs from hereon, if they have to enjoy optimal post-tax returns.
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BSE Bulk Deals to Watch - Aug 2 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
2/8/2011 590006 Amrutanjan Health-$ RKSV SECURITIES INDIA PRIVATE LIMITED B 18195 899.52
2/8/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 132311 913.67
2/8/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 200036 914.04
NSE Bulk Deals to Watch - Aug 2 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
02-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,A K G SECURITIES AND CONSULTANCY LTD.,BUY,20221,910.83,-
02-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,AJAY,BUY,18982,915.38,-
02-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,AXIS EQUITIES PRIVATE LIMITED,BUY,31001,906.30,-
02-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,BP FINTRADE PRIVATE LIMITED,BUY,40077,925.23,-
02-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,C D INTEGRATED SERVICES LTD.,BUY,48154,918.75,-
02-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,76080,917.51,-
Realty, metal drag Sensex 204 points lower
Weak global peers and heavy selling in realty, banking & metal stocks led the decline in today’s trade. The Sensex slips 204 points and the Nifty drops 60 points
Major headlines
JP Associates July cement sales surge 18%
Piramal Healthcare Q1 consolidated net profit at Rs89 crore
Telecom scrips dip on new policy
Nifty August 2011 futures below 5500
ICICI Bank, RIL August 2011 futures at premium
Nifty August 2011 futures were at 5,467.45, at a premium of 10.90 points over spot closing of 5,456.55. Turnover in NSE's futures & options segment surged to Rs 95800.63 crore from Rs 76025.83 crore on Monday, 1 August 2011.
ICICI Bank August 2011 futures were at 1030.20, at a premium over spot closing of 1025.
Sensex drops 4% in six days on earnings growth worries
Weak global stocks dragged Indian shares to 5-1/2-week closing lows. The BSE Sensex was down 204.44 points or 1.12%, up close to 70 points from the day's low and off close to 175 points from the day's high. Index heavyweight Reliance Industries came off the 52-week low. The market sentiment remains edgy, with investors worried that higher interest rates will crimp corporate profit growth. A number of commercial banks have raised lending rates recently after the central bank raised its key lending rate by 50 basis points at a policy review early last week.
The Sensex has tumbled 761.40 points or 4.03% in six trading sessions from a recent high of 18,871.29 on 25 July 2011, hit by the Reserve Bank of India's (RBI) aggressive rate hike at a policy review on 26 July 2011.
Give us your Annual Reports !
If you have opted for annual reports of companies to be delivered to your email, you would probably have got many of them already.
Please do us a favor and send them to us at dp.stock@gmail.com with the subject "AR 2011"
Grey Market Premiums - Vaswani Industries, L&T Finance
| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | 1.50 to 2 |
| Inventure Growth | 117 | 4 to 4.50 |
| L & T Finance | 52 | 1.50 to 2 |
Weak global cues may weigh on markets at start
The Indian indices head towards a lower start tracking losses across the globe due to weak US manufacturing data.
Headlines for the day
JSW Steel faces brunt of mining ban
Two-wheelers' July sales rise 13%
Orchid Chem to make drugs in 3 new segments
Crude slips due to weak economic data
Strong dollar puts further pressure on oil price
Crude-oil futures slipped on Monday, 01 August 2011 at Nymex after reports showed a weaker than expected manufacturing data for last month. The dollar headed up strongly putting further pressure on oil. Crude fell in tandem with equities.
Light sweet crude for September delivery lost $0.81 or 0.9%, to $94.89 a barrel on the New York Mercantile Exchange. It traded as high as $98.61 a barrel on the day.
Bullion metals lose some of their sheen
Strong dollar takes away some shine
Bullion metals lost some of their sheen on Monday, 01 August 2011 as the dollar rallied on news that U.S. lawmakers prepared to vote on a deal to raise the debt ceiling and deal with deficits. A weaker than expected ISM data put the losses under check.
Gold for December delivery lost $9.5, or 0.6%, to settle at $1,621.7 an ounce on the Comex division of the New York Mercantile Exchange on Monday. It earlier traded as low as $1,608.2 an ounce.
Market may open lower on weak Asian stocks; DLF in focus
The market may open lower on weak Asian stocks. Trading of S&P CNX Nifty on the Singapore stock exchange indicates a fall of 47.50 points at the opening bell. Asian stocks dropped on Tuesday, 2 August 2011, with exporters broadly pressured after fresh indications that US manufacturing is slowing, and with Japanese companies straining under the weight of a strong yen.
FIIs bought shares worth a net Rs 86.83 crore on Monday, 1 August 2011, as per provisional data from the stock exchanges. Domestic institutional investors (DIIs) sold shares worth Rs 95.26 crore on that day.
Daily News Roundup - Aug 2 2011
NHPC would invest around Rs150bn for developing two projects in the neighbouring country Myanmar. (ET)
As many as 20 power generating companies, including NTPC, Tatas, Adani and Essar group, have put in their initial bids for executing the 4,000-MW ultra mega power project (UMPP) in Orissa. (ET)
ABB India has won orders worth Rs160mn to supply turnkey power and automation solution for three photovoltaic solar power plants with a combined capacity of 11 megawatts (MW) in India. (ET)
Sensex ends static in choppy trade
The Indian equity indices ended almost unchanged on Friday, taking a breather after three straight days of losses. It was a volatile session, with the NSE Nifty swinging between a low of 5450 and a high of 5520 levels.
Realty, Metals and Oil & Gas stocks were among the major laggards. The Mid-Cap and the Small-Cap stocks saw some offloading as well. However, bucking the negative trend were FMCG, Banking and Telecom stocks.
A lot remains to be done
One never notices what has been done; one can only see what remains to be done. -Marie Curie.
Well, looks like the euphoria over the US debt deal has given way to concerns about the health of the global economy. Manufacturing PMI reports from Australia to the US have shown continued moderation. Concerns have also surfaced over the adverse implications of the large spending cuts in the US on the world’s largest economy. In addition, a possible downgrade of the US debt rating is still lurking.
A new version of Maruti Swift ...
Competition and capacity issues have led to a drop in market share for Maruti’s premium hatchback. A new version aims to re-capture it.
Maruti Swift few years ago, the country’s largest car maker Maruti Suzuki had two choices. It could continue flogging its old war horse, the Swift, which was launched in 2005, for a few more years and sell similar volumes, even though it was aware that the product cycle of cars are increasingly shrinking.
Monsoon below normal
The India Meteorological Department (IMD) has forecast ‘below normal' rainfall for the country during the second half (August-September) of the current south-west monsoon season.
This comes even as the first half (June-July) has turned out to be not so bad, with the monsoon showers being reasonably well spread, both in spatial as well as temporal terms.
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Sensex spurts on global rally...Nifty reclaims 5500
BSE Sensex ended at 18,314 adding 117 points. Nifty closed at 5,516 up 35 points.
The Indian equity markets ended the day with healthy gains, starting off the week on a high after US leaders announced they had reached an agreement to raise the nation's borrowing limit and avert a default. Markets in Asia and Europe welcomed the relief from the US on the critical issue of debt limit.
BSE Bulk Deals to Watch - Aug 1 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
1/8/2011 533412 Aanjaneya Lifecare AMBER ENCLAVE PRIVATE LIMITED S 84409 378.41
1/8/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 18119 878.59
1/8/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED S 18119 876.43
NSE Bulk Deals to Watch - Aug 1 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
01-AUG-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,18109,876.07,-
01-AUG-2011,ARSSINFRA,ARSS Infra Proj. Ltd,SARAVANA STOCKS INVT. P LTD.,BUY,110000,391.55,-
01-AUG-2011,BASML,Bannari Amman Spinning Mi,ACCURATE FINSTOCK PVT LTD,BUY,81144,75.21,-
01-AUG-2011,BGLOBAL,Bharatiya Global Info Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,171928,28.53,-
Markets participate in global rally; Sensex up 117 pts
Today's rally is driven by some relief on the US' debt worries, with the Sensex snapping four-day fall to close the trade 117 points higher
Major headlines
Exports rise 46.45% to $29.21 billion in June
M&M auto sales up 41% in July
India’s GDP to grow by 8.2% in FY12: PMEAC
Auto shares advance after mixed July sales data
A rally in world stocks triggered by US President Barack Obama's announcement over the weekend that he and Senate leaders had agreed on a "framework" debt deal to cut spending and raise the debt ceiling, helped Indian shares recover from a recent steep slide triggered by worries that higher interest rates will crimp corporate profit growth. US is the world's biggest economy. The BSE Sensex jumped 117.13 points or 0.64%, up close to 95 points from the day's low off close to 125 points from the day's high. The market snapped a four-day losing streak. Index heavyweight Reliance Industries (RIL) recovered in choppy trade after hitting 52-week low.
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