Larsen & Toubro Q2FY09 Preview

Net Sales seen up 25% at Rs 6875cr vs Rs 5499.94cr YoY
Net Profit seen up 35% at Rs 478 vs Rs 348cr YoY
Operating margin seen down 55bps at 10.05%
Factors to watch

Margin decline seen across sector, L&T too affected on lower execution
Delays in execution on subcontractors end leads to margin decline
Higher other income seen this quarter, Q2CY08 was quite low at Rs 23.3cr
Other income in Q2CY08 was low on account of forex losses booked in subsdiaries
Orderbook backlog of Rs 58,200cr
Management maintains guidance of 30% plus growth in orderbook for FY09
Management has given stable margin guidance for FY09
70% of L&Ts orderbok has price escalation clause
FY08 orderbook to bill ratio was at 2.3x
Interest as a percentage in at 0.6
Likely impact of FCCBs to the tune of Rs 60cr, Rs900cr in Q2......

The Sensex ended 1,998 points lower at 10,528; Nifty dropped 538 points to 3,281; Ranbaxy was the only Sensex scrip to end the week positive.....
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fair price shop now open in NSE & BSE, The shop name is "loot mart" price discount 65% to 95% Stocks at 52 week low
Reliance Industries
Sterlite
HDIL
DLFUnitech
Suzlon
ICICI Bank
L&T
Satyam
Infosys
TCS
Wipro
Tata Motors...
...

fair price shop now open in NSE & BSE, The shop name is "loot mart" price discount 65% to 95% Stocks at 52 week low
Reliance Industries
Sterlite
HDIL
DLFUnitech
Suzlon
ICICI Bank
L&T
Satyam
Infosys
TCS
Wipro
Tata Motors...
...

New Delhi, October 10: Finance Minister P Chidambaram expressed confidence that India can weather the storm of financial crisis blowing across the world saying the country`s economic fundamentals and the banking system were strong.
He admitted there is a liquidity crunch in the market and that the economy was facing `spill over and ripple` effects of the global storm but held out an assurance that the "RBI is ready to take further steps and infuse more liquidity if necessary".

Referring to the current global meltdown, Chidambaram said "there is a storm blowing in the world. We did not create the storm. We are facing the spillover effects or the ripple effects of the storm.

"We must brace ourself and weather the storm. I am confident that the Indian economy is strong and resilient to weather the storm and I would request all players in the economy to cooperate with the Government in weathering the storm," he told PTI...
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RBI Governor D Subbarao said the central bank was geared to inject more liquidity into the country`s financial system.......

The International Monetary Fund has said that the country`s economy will continue to perform well......

I think you are right somebody said "the way to makemoney when blood is flowing on the street" and that is what is happening now. If you have free money to park stock market is the right destination.Select a few blue chip may be from this list invest and get handsom return of 100% in 2 years time. ...

Dear panasonic, IT, banks, Reality and Metal sectors are still to correct more, so it would not be a wise decision to put your money just by looking at the 65 % or 95 % correction, and 52 week low, Bear markets can surprise you with the Price drops, like the bull markets surprise with the excessive valuations... ...

Hi panasonic, Just u see fair price shop namely ...

Panasonic, I would like to mention - (1) Your title says deposits in banks safe, no reason for anxiety:RBI. Fine. Apparently, this covers all banks. It does not specifically mentions ICICI Bank, then your post could have been placed under banking sector, MAY NOT be under ICICI Bank thread. (2) EVEN RBI Governor cannot say that the entire deposits in ICICI Bank are safe. Because, he knows that deposits in ANY BANK upto Rs.1 lac ONLY is insured and, that too, deposits in ALL Branches of any bank (including ICICI Bank) in a particular name. ...

Make it a little softer - blue chip stocks discount sale - upto - 90% off * although most are ONLY 50% to 60% off *. Soon there will be placards and banners buy 1 blue chip share at CMP and take one or two midcap share that has fallen 75% absolutely free....

saari paisa loot gayi..! pahle kisse bank ko lootna padega. :) @panasonic, liked your humour which is mixed with the fact. Regards, Sri ...

those who have bought this share at 1200+ level after it rose, will have to rest in peace...