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Wednesday, July 27, 2011
Tuesday, July 26, 2011
Pidilite Ind falls after Q1 results
The shares of Pidilite Industries down over 3%, hitting the weekly low of Rs170.35 after the company declared its Q1 results. So far, 1.36 lakh shares have traded on the BSE as against the two-week average volume of 0.45 lakh shares.
Pidilite Industries’ net profit up nearly 1% to Rs105 crore in Q1FY12 versus Rs104 crore in Q1FY11.
The company’s net sales rose by 20.89% to Rs845 crore in Q1FY12 versus Rs699 crore in Q1FY11.
At 2.24 pm, Pidilite Industries was trading at Rs170.90, down by 3.58%, with a volume of 1.36 shares on the BSE
Shoppers Stop skids on Q1 results
Shares of Shoppers Stop declined nearly 7%, touching the weekly low of Rs435.05, after reporting consolidated net loss of Rs1.60 crore for the first quarter ended June 30, 2011, compared with a net profit of Rs9.30 crore in the corresponding quarter of the previous fiscal.
However, income from operation grew 67% to Rs593 crore from Rs355 crore during the recently concluded quarter, the company said.
Hypercity financials: From the consolidated statement, it appears that Hypercity posted very weak numbers on both the revenue as well as the profitability front (can be a result of high corporate and store level expenses as one new hypercity was added during the quarter).
At 2.27 pm, Shoppers Stop was trading at Rs448, down by 3.85%, with a volume of 1.07 lakh shares on the BSE.
JSW Steel Q1 cons net profit soars 64%
JSW Steel announced the following unaudited results for the quarter ended June 30, 2011:
Standalone results:
The net profit of the company surged by 65.10% to Rs578.32 crore for the quarter ended June 30, 2011 as compared to Rs350.27 crore for the quarter ended June 30, 2010.
Total income increased by 51.41% to Rs7086.26 crore for the quarter ended June 30, 2011 from Rs4680.24 crore for the quarter ended June 30, 2010.
Consolidated results:
The net profit of the group rose by 64.26% to Rs485.16 crore for the quarter ended June 30, 2011 as compared to Rs295.37 crore for the quarter ended June 30, 2010.
Total income increased by 53.47% to Rs7455.67 crore for the quarter ended June 30, 2011 from Rs4858.09 crore for the quarter ended June 30, 2010.
At 3.05 pm, JSW Steel was trading at Rs874, up by 0.55%, with a volume of 4.22 lakh shares on the BSE.
Opto Circuits Q1 cons net profit jumps 40%
Opto Circuits (India) has announced the following Unaudited results for the quarter ended June 30, 2011:
Standalone Results:
The net profit of the company rose by 0.33% to Rs57.14 crore for the quarter ended June 30, 2011 as compared to Rs56.95 crore for the quarter ended June 30, 2010.
Total income surged by 13.96% to Rs155.23 crore for the quarter ended June 30, 2011 to Rs136.21 crore for the quarter ended June 30, 2010 to
Consolidated Results:
The net profit of the company advanced by 40.07% to Rs116.39 crore for the quarter ended June 30, 2011 as compared to Rs83.09 crore for the quarter ended June 30, 2010.
Total income rose by 74.45% to Rs525.73 crore for the quarter ended June 30, 2011 to Rs301.35 crore for the quarter ended June 30, 2010.
Opto Circuits (India) closed at Rs275.10, up by 0.55%, with a volume of 1.43 lakh shares on the BSE.
Sensex spooked by RBI's aggression
BSE Sensex ended at 18,518 slipping 353 points. NSE Nifty closed at 5,574 losing 105 points.
Indian stock indices closed with steep losses at the end of a shocking day, as the RBI took everybody by surprise with a wider-than-anticipated rate hike and persistently hawkish stance. After crossing the 5700 mark in early morning, the main indices nose-dived soon after the RBI raised the key policy rates by half percentage point and raised its inflation estimate for FY12 to 7%.
BSE Bulk Deals to Watch - July 26 2011
Deal Date Scrip Code Company Client Name Deal Type * Quantity Price **
26/7/2011 530027 Aadi Inds GUINESS FINANCE & LEASING PRIVATE LIMITED S 234000 15.66
26/7/2011 590006 Amrutanjan Health-$ A K G SECURITIES AND CONSULTANCY LTD B 52901 949.78
26/7/2011 590006 Amrutanjan Health-$ CROSSEAS CAPITAL SERVICES PRIVATE LIMITED B 51745 954.23
NSE Bulk Deals to Watch - July 26 2011
Date,Symbol,Security Name,Client Name,Buy/Sell,Quantity Traded,Trade Price / Wght. Avg. Price,Remarks
26-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,C D INTEGRATED SERVICES LTD.,BUY,20954,957.35,-
26-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,CHANDARANA INTERMEDIARIES BROKERS P. LTD,BUY,23867,948.47,-
26-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,CROSSEAS CAPITAL SERVICES PVT. LTD.,BUY,51850,953.72,-
26-JUL-2011,AMRUTANJAN,Amrutajan Health Ltd,HAPPY SANAN,BUY,24616,954.38,-
RBI action spooks market; Sensex ends 353 points lower
Overall sentiment was disturbed after the RBI’s hawkish stance. The Sensex plunges 353 points and the Nifty falls by 105 points at the close
Major headlines
RBI hikes repo, reverse repo by 50 bps
BHEL Q1 net profit surges 22%
Maruti Suzuki Q1 net profit soars 18%
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