Anand Rathi - Daily Fundamental Snippets - May 18 2007

Bajaj Auto's board approved a demerger scheme, splitting group into three separate entities with the creation of two new companies. The Company posted an 11.12 per cent decline in profit after adjustments at Rs 308.31 crore for the quarter ended March 2007, compared to Rs 346.97 crore for the same period last year.

Tata Steel posted 40.91 per cent increase in net profit at Rs 1,103.50 crore for the fourth quarter ended March 2007, as compared to Rs 783.11 crore for the same period a year ago. The total income (net of excise) grew 21.49 per cent to Rs 5,060.21 crore for the quarter from Rs 4,164.89 crore for the corresponding quarter a year ago. The declared a 130 per cent dividend of Rs 13 on shares of Rs 10 each for the financial year 2006-07 and a special dividend of 25 per cent on the centenary year of the company.

Century Ply boards India Ltd (Century ply) is taking over three closely held private outfits engaged in the manufacture of plywood products.

Anand Rathi - Daily Fundamental Snippets - May 18 2007