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Saturday, June 19, 2010
Friday, June 18, 2010
Annual report - MIRC Electronics Limited - 2009-2010
MIRC ELECTRONICS LIMITED
ANNUAL REPORT 2009-2010
DIRECTOR'S REPORT
We are delighted to present the 29th Annual Report on our business and
operations together with the audited accounts of the Company for the
financial year ended 31st March, 2010. The financial highlights for the
year under review are as under:
Global risk appetite to dictate trend; derivatives expiry may cause volatility
Inflow from foreign funds will continue to dictate the trend on the domestic bourses next week as traders roll over positions in the derivatives segment from June 2010 series to the July 2010 series ahead of the expiry of the near-month June 2010 contracts on Thursday, 24 June 2010. The key global event next week is a meeting of the US Federal Reserve on interest rates.
Frontline stocks outperform side counters
Anticipation of robust corporate financial performance boosted the domestic bourses after front line companies paid higher advance taxes for the first quarter ended June 2010. Rally in world stocks aided the rally on the domestic bourses as euro zone debt worries eased. The market rose in four out of five trading sessions last week.
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