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Moneycontrol News Archive : 30 January, 2009

  • JM Financial Q3 cons net loss at Rs 230 cr

    30th January, 2009 22:14

    JM Financial has announced its third quarter numbers. It has reported Q3 consolidated net loss at Rs 230 crore and consolidated total income of Rs 98.9 crore.

  • Above Rs 1340, RIL can touch Rs 1450: Thacker 

    30th January, 2009 20:45

    Technical Analyst, Mitesh Thacker is of the view that above Rs 1330-1340, Reliance Industries can touch Rs 1450.

  • Jaiprakash Asso has target of Rs 85: Thacker 

    30th January, 2009 20:35

    Technical Analyst, Mitesh Thacker is of the view that Jaiprakash Associates is looking technically strong and has target of Rs 85.

  • Sun Pharma Q3 Cons net profit up 28% at Rs 408 cr

    30th January, 2009 20:26

    Sun Pharmaceutical Industries has declared its third quarter results. The consolidated net sales were up 14% at Rs 918.27 crore versus Rs 803 crore on YoY basis. I

  • Buy Gold on dips: Anagram

    30th January, 2009 20:20

    Anagram Research has recommended to buy Gold on dips at around Rs 14300 and target of Rs 14500 in its January 30, 2009 research report.

  • See lack of triggers, range-bound market ahead: Ajay Bagga 

    30th January, 2009 20:00

    Ajay Bagga, Head of Private Wealth Management (PWM), India, Deutsche Bank, said the market remains range bound for a while and whatever rallies that happen would b

  • Tata Motors total debt Rs 13600 cr

    30th January, 2009 19:59

    Tata Motors has announced its third quarter results. The company's Q3 net loss at Rs 263.2 crore versus profit of Rs 499 crore.

  • MTNL Q3 net profit at Rs 58.27 cr

    30th January, 2009 18:50

    MTNL has declared its third quarter results. Its net sales down 6% at Rs 1132.26 crore versus Rs 1204.92 crore,QoQ. Its net profit down 36.5% at Rs 58.27 crore ver

  • Global cues main mkt factor in February: Amit Dalal 

    30th January, 2009 18:44

    “For the market to break the range it is in, it needs some major global cues with regard to the earnings season,” said Amit Dalal of Amit Nalin Securities. “Howeve

  • Mkts saw good comeback after gap-down opening 

    30th January, 2009 18:33

    The markets made a good come back today even though the US market had collapsed 3% and Asia also did not fare too well. The markets started about 2% points lower.

  • Tata Motors Q3 net loss at Rs 263.2 cr 

    30th January, 2009 18:21

    Tata Motors has announced its third quarter results. The company's Q3 net loss at Rs 263.2 crore versus profit of Rs 499 crore.

  • Elecon Engg reports turnover of Rs 245.66cr

    30th January, 2009 18:18

    Elecon Engineering reports turnover of Rs. 245.66 crores as against Rs. 185.24 crores in the corresponding Quarter of the previous year, representing a growth of 3

  • Unitech Q3 net profit seen down 46.1% to Rs 283.36 cr

    30th January, 2009 18:10

    Unitech is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going down 46.1% to Rs 283.36 crore from Rs 525.78 crore.

  • Shree Renuka Sugars Q1 net up 19%

    30th January, 2009 17:59

    Shree Renuka Sugars consolidated total income increased by 80% to Rs.403 crores (Rs.224 crores) while Consolidated Net Profit increased by 19% to Rs.12.5 crores (R

  • Tankers performance better than dry bulk: GE Shipping

    30th January, 2009 17:53

    GE Shipping has announced its third quarter results. The Q3 standalone net sales were up at Rs 728.77 crore versus Rs 653.32 crore, YoY. Its standalone net profit

  • BEML Q3 standalone net profit at Rs 58.74 cr

    30th January, 2009 17:49

    BEML has announced its third quarter numbers. Its Q3 standalone net profit went down at Rs 58.74 crore versus Rs 59.24 crore (YoY).

  • Gillette India Net Sales grew by over 12%

    30th January, 2009 17:42

    Gillette India Limited Net Sales grew by over 12%. Profit Before Tax is Rs.41.10 crores versus Profit Before Tax of Rs.48.96 crores for the corresponding period en

  • Buy ONGC, target of Rs 1020: Karvy

    30th January, 2009 17:35

    Karvy Stock Broking has maintained its buy rating on Oil and Natural Gas Corporation (ONGC) with a target of Rs 1020. Net realization per barrel of crude oil decre

  • Order book stands at Rs 9000 cr: Welspun Guj

    30th January, 2009 17:28

    Welspun Gujarat Stahl Roh has announced its third quarter numbers. It's profit after tax went down at Rs 45 crore from Rs 97 crore.

  • See under-recovery at Rs 56,000 cr: IOC 

    30th January, 2009 17:21

    Sarthak Behuria of IOC said he, as on date, expects under-recovery to be Rs 56,000 crore. “It may go up or down by 1000 depending on how the prices or production o

  • SREI Infra's outstanding total loans at Rs 6700 cr

    30th January, 2009 17:08

    SREI Infrastructure has announced its third quarter numbers. Its Q3 consolidated net profit stood at Rs 8.77 crore versus Rs 26.71 crore, QoQ.

  • Dhanalakshmi Bk sees about 60% credit growth from India Inc 

    30th January, 2009 16:58

    Amitabh Chaturvedi, CEO and MD, Dhanalakshmi Bank, said being a small bank, capital adequacy ratio is very high. He said about 60% credit growth came in the corpor

  • AP govt in dock for awarding road project to Maytas 

    30th January, 2009 16:55

    The Andhra Pradesh government is in the dock for awarding Rs 121 crore road project to beleaguered Maytas Infrastructure just 20 days before Ramalinga Raju's confe

  • IIP performance over the years

    30th January, 2009 16:45

    IIP performance over the years had been a noteworthy achievement for the UPA government under its regime. The Index of Industrial Production struck a double digit

  • PNB to cut PLR by 50 bps; deposit rate by 50-100 bps 

    30th January, 2009 16:43

    Commenting on the results, KC Chakrabarty, CMD, PNB, while addressing the media, said the bank will maintain net interest margins (NIM) at 3.5% plus. Chakrabarty s

  • Slowdown blues: IT cos may slash variable pay 

    30th January, 2009 16:39

    The challenging business environment is forcing IT companies to slash variable pay components of their employees. This means employees could be staring at pay cuts

  • 'BBB' rating on TCS affirmed; Outlook revised to stable

    30th January, 2009 16:37

    'BBB' Rating On Tata Consultancy Services Affirmed; Outlook Revised To Stable On Challenging Market Conditions

  • Ignore Satyam Computer: E Mathew

    30th January, 2009 16:27

    Technical Analyst, E Mathew is of the view that one should ignore Satyam Computer Services.

  • Buy Dishman Pharma: Dalal 

    30th January, 2009 16:20

    Amit Dalal of Amit Nalin Securities is of the view that one can buy Cadila or a Dishman rather than Glenmark which is more volatile in its performance.

  • 'India’s growth story intact', Panel at Davos

    30th January, 2009 16:19

    India is a growth engine even in a slowing economy. Once the financial crisis settles, India will continue to grow at a pace of at least 7%. This was the unanimou

  • Rate of growth of GDP over the years

    30th January, 2009 16:17

    The rate of growth of GDP from the year 2002 to 2008 has been phenomenal. India recorded an exceptional GDP growth of 9.6% in the year 2006-07. It had posted 9% pl

  • Bombay HC lifts interim stay on KG D6 gas sale 

    30th January, 2009 16:09

    In the RIL-RNRL case, Bombay High Court has modified interim order on sale of KG D6 gas. Interim order stay is lifted till final judgment passed. RIL will be allow

  • Don't see EBITDA margin fall below 9%: IVRCL Infra 

    30th January, 2009 16:00

    Sudhir Reddy, IVRCL Infra said chances of slippage of EBITDA margin are unlikely because interest cost might be coming down. "However, our estimate of EBITDA margi

  • Current order book at Rs 8030 cr: Gammon India

    30th January, 2009 15:57

    Gammon India has come out with third quarter numbers. Its Q3 profit after tax, PAT was down 73% at Rs 5.10 crore versus Rs 19.20 crore

  • HUL an underperformer: FinQuest Securities

    30th January, 2009 15:48

    FinQuest Securities has rated Hindustan Unilever (HUL) as an underperformer. In quarter ended Dec-08, HUL reported 21.2% growth in FMCG business which was lower th

  • GE Shipping Q3 net profit at Rs 241.03 cr

    30th January, 2009 15:39

    GE Shipping has announced its third quarter results. The Q3 standalone net sales were up at Rs 728.77 crore versus Rs 653.32 crore, YoY.

  • NII from infrastructure loans increases by 41%: IDFC

    30th January, 2009 15:38

    IDFC has declared its third quarter results. The company's consolidated net sales were at Rs 861.97 crore versus Rs 763.39 crore on YoY basis.

  • GMR Infra slow on SEZ pojects

    30th January, 2009 15:37

    GMR Infrastructure has announced its third quarter numbers. Its Q3 net profit declined at Rs 40.8 crore from Rs 64.1 crore. Its consolidated income from operations

  • Good week for mkts; Sensex up 8.5%, Nifty gains 7.5%

    30th January, 2009 15:31

    It was a good week for the markets; short covering (as the January series ended in this week itself), good global cues and buying interest lifted the markets highe

  • Banks to monitor loans to corporates due to rising NPAs  

    30th January, 2009 15:24

    Rising concerns of NPAs are forcing banks to monitor the loans to corporates and commercial real estate. CNBC-TV18 learns that banks will soon ask corporates who h

  • Patel Engg's net profit at Rs 117.3cr, up by 16%

    30th January, 2009 15:14

    Patel Engineering reports Net profit for the nine months ended December 31, 2008, rose by 16% to Rs. 117.3 crore, as against Rs.101.4 crore posted in the same peri

  • Copper prices to remain under pressure ahead: Fitch  

    30th January, 2009 15:09

    Priyamvada Balaji, Director, Fitch Ratings, said there is continuous pressure on copper prices but many smelters are still producing and making cash losses current

  • See better margins in Q4 on lower inflation: Britannia 

    30th January, 2009 15:08

    Commenting on the results, Vinita Bali, MD, Britannia said the company's margins are holding steady as compared with last year. "In the fourth quarter, we see some

  • Hindalco Q3 net profit at Rs 544.8 cr

    30th January, 2009 15:00

    Hindalco has declared its third quarter results. The company's Q3 net profit was at rs 544.8 crore versus 542.7 crore, YoY.

  • Suzlon Energy Q3 standalone sales at Rs 1,504.29 cr 

    30th January, 2009 14:53

    Suzlon Energy has announced its third quarter numbers. Its Q3 consolidated net loss stood at Rs 58.9 crore and standalone net loss of Rs 390.9 crore versus profit

  • SBI minting money

    30th January, 2009 14:52

    SBI had touched an intraday high of Rs 1,151.50 and an intraday low of Rs 1,080.10. At 2:43 pm, the share was quoting at Rs 1,147.50, up Rs 50.65, or 4.62%. It was

  • IVRCL Infra Q3 net profit down at Rs 46.5 cr

    30th January, 2009 14:48

    IVRCL Infrastructure has announced its third quarter numbers. Its Q3 net profit went down at Rs 46.5 crore from Rs 64.1 crore.

  • Sell SAIL, target of 59: Reliance Money

    30th January, 2009 14:46

    Reliance Money has initiated a sell rating on Steel Authority of India (SAIL) with a target price of Rs 59. SAIL exhibited a bleak show in its Q309 results. It rep

  • IVR Prime Q3 standalone net profit at Rs 92.83 lakh

    30th January, 2009 14:45

    IVR Prime has declared its third quarter numbers. Its Q3 standalone net profit went down at Rs 92.83 lakh versus Rs 116.32 crore (YoY).

  • Sterlite Industries maintains its march ahead

    30th January, 2009 14:41

    Sterlite Industries had touched an intraday high of Rs 281.70 and an intraday low of Rs 259.10. At 2:30 pm, the share was quoting at Rs 279.20, up Rs 11.85, or 4.4

  • Network 18 Q3 cons net loss at Rs 44.08 cr

    30th January, 2009 14:31

    Network 18 Media & Investments has come out with third quarter numbers. It has reported Q3 consolidated net loss of Rs 44.08 crore as against net loss of Rs 46.53

  • Welspun Gujarat slips further

    30th January, 2009 14:24

    Welspun Gujarat Stahl Roh had touched an intraday high of Rs 75.50 and an intraday low of Rs 69.25. At 2:14 pm, the share was quoting at Rs 69.85, down Rs 4.65, or

  • Nifty tests 2850; RIL, ONGC, L&T, SBI, SAIL, DLF lead

    30th January, 2009 14:22

    The benchmark indices are trading higher amid volatility on support from oil & gas, realty, FMCG, select power, metal stocks as well as L&T, SBI, Ranbaxy Labs, HDF

  • Mcnally Bharat Engg soars high

    30th January, 2009 14:17

    Mcnally Bharat Engineering had touched an intraday high of Rs 35.90 and an intraday low of Rs 31.40. At 2:07 pm, the share was quoting at Rs 35.50, up Rs 3.50, or

  • Don't see further deterioration in margins ahead: L&T 

    30th January, 2009 14:09

    YM Deosthalee, CFO, Larsen & Toubro said the company’s margins are stable. He does not see any further deterioration. L&T, he said, has provisions of over Rs 125 c

  • Sweet gain for Balrampur Chini

    30th January, 2009 14:00

    Balrampur Chini Mills had touched an intraday high of Rs 57.40 and an intraday low of Rs 53.50. At 2:02 pm, the share was quoting at Rs 56.95, up Rs 2.20, or 4.02%

  • See near-term decline for G-Secs: DSP BlackRock 

    30th January, 2009 13:58

    Dhawal Dalal, Head-Fixed Income, DSP BlackRock Investment Managers, said earlier it was expected that the 10-year bond will touch at least 5%. However, banks may b

  • Ramco posts global Q3 revenues of USD 10.15 m

    30th January, 2009 13:57

    Ramco strengthens its focus on the domestic market; posts global Q3 revenues of USD 10.15 m

  • Ceat Q3 net loss at Rs 21.64 cr

    30th January, 2009 13:53

    Ceat has announced its third quarter numbers. Its net loss of Rs 21.64 cr vs profit of Rs 19.23 cr.

  • Taj GVK Q3 net profit at Rs 13.5 cr

    30th January, 2009 13:49

    Taj GVK has declared its third quarter numbers. The company has reported Q3 net profit of Rs 13.5 crore on the net sales of Rs 60.5 crore.

  • Apollo Hospital Q3 standalone net profit at Rs 29.5 cr

    30th January, 2009 13:47

    Apollo Hospital has come out with third quarter numbers. Its Q3 standalone net profit went up at Rs 29.5 crore from Rs 26.3 crore (YoY).

  • L&T gets Maharashtra road project of Rs 940cr; stk up

    30th January, 2009 13:46

    Larsen and Toubro had touched an intraday high of Rs 694.70 and an intraday low of Rs 645.25. At 1:35 pm, the share was quoting at Rs 683.60, up Rs 23.30, or 3.53%

  • Aban Offshore Q3 Cons net profit at Rs 256 cr

    30th January, 2009 13:41

    Aban Offshore has declared its third quarter results. The company's consolidated net profit was at Rs 256 crore versus Rs 62 crore. Its consolidated other income w

  • Larsen and Toubro Q3 PAT at Rs 604.1 cr

    30th January, 2009 13:36

    Larsen and Toubro has declared its third quarter results. The company's profit after tax, PAT (excluding extraordinaries) was up at Rs 604.1 crore versus Rs 481 cr

  • Sun Pharmaceutical extends tender offer for Taro

    30th January, 2009 13:32

    Sun Pharmaceutical Industries Ltd announced its subsidiary, Alkaloida Chemical Company Exclusive Group Ltd. (Alkaloida), has extended the Expiration Date of the Te

  • Dolphin Offshore promoters pledges 30% stake, stk down

    30th January, 2009 13:25

    Dolphin Offshor has touched an intra day high of Rs 159.65 and an intra day low of Rs 151. At 1:14 pm, the share was quoting at Rs 155, down Rs 2.8, or 1.77%. The

  • Expect capex of Rs 50,000 mn in FY10E: SAIL

    30th January, 2009 13:21

    SAIL has announced its third quarter results. The company's Q3 standalone net profit down 56% at Rs 843.34 crore versus Rs 1934.66 crore, YoY.

  • Bartronics to sign long term govt contracts, stock gains

    30th January, 2009 13:19

    Bartronics had touched an intraday high of Rs 75.40 and an intraday low of Rs 69.75. At 1:07 pm, the share was quoting at Rs 72.45, up Rs 3.10, or 4.47%. The compa

  • ICI India buy back at max Rs 575/shr; stk up

    30th January, 2009 13:11

    ICI India had touched an intraday high of Rs 418.95 and an intraday low of Rs 395. At 1:01 pm, the share was quoting at Rs 400.00, up Rs 12.90, or 3.33%. The compa

  • Mkts witnesss buying interest; Nifty holds 2800 mark

    30th January, 2009 13:08

    The benchmark indices are witnessing buying interest with some volatility - the Nifty has managed to hold back above 2800 mark. Oil & Gas, Cement, FMCG, Power stoc

  • Vedanta Alumina Refinery gets ISO Certification

    30th January, 2009 12:58

    Vedanta Alumina Refinery at Lanjigarh as the refinery has been awarded the ISO 9001:2008 (QMS), ISO 14001:2004 (EMS) and OHSAS 18001 - 2007 certificates from Briti

  • Hold Larsen, says Pandey

    30th January, 2009 12:57

    Pankaj Pandey, Head of Research at ICICIdirect is of the view that Larsen is still attractive at about 14 times FY10 valuations and it is a hold at this moment in

  • Somany Ceramics Q3 revenues up by 36%

    30th January, 2009 12:50

    Somany Ceramics Q3 revenues up by 36%. The Profit Before Tax (PBT) also recorded an increase of 96% rising to Rs.3.21 crores from Rs 1.64 rores in the same period

  • Solid gain for Jindal Steel & Power

    30th January, 2009 12:42

    Jindal Steel & Power had touched an intraday high of Rs 1,000 and an intraday low of Rs 896.10. At 12:34 pm, the share was quoting at Rs 996.50, up Rs 84.50, or 9.

  • Patel Engg Q3 cons net profit down at Rs 39.7 cr

    30th January, 2009 12:39

    Patel Engineering has announced its third quarter numbers. Its Q3 consolidated net profit was down at Rs 39.7 crore from Rs 41.1 crore (YoY).

  • Mundra Port Q3 net profit up at Rs 101 cr

    30th January, 2009 12:38

    Mundra Port has declared its third quarter numbers. Its Q3 net profit went up at Rs 101 crore from Rs 52 crore.

  • IOB Q3 net profit up 26% at Rs 388.44 cr

    30th January, 2009 12:35

    IOB has declared its third quarter results. The company's Q3 other income was at Rs 551 crore versus Rs 219 crore.

  • Micro Focus launches Enterprise View 5.7

    30th January, 2009 12:29

    Micro Focus, the leading provider of enterprise application management and modernisation solutions, has launched Enterprise View 5.7, the latest addition to its Ap

  • Deccan Chronicle Q3 PAT at Rs 25.7 cr

    30th January, 2009 12:27

    Deccan Chronicle Holdings has announced its third quarter results. The company's Q3 net profit at Rs 25.7 crore versus Rs 103 crore.

  • Expect 60% upside in Nagarjuna Construction: R Shah 

    30th January, 2009 12:23

    Rajen Shah, CIO of Angel Broking is of the view that there is hardly any downside in Nagarjuna Construction and the upside could be at least about 60% in about 12-

  • Alembic bounces back

    30th January, 2009 12:17

    Alembic has touched an intraday high of Rs 34 and an intraday low of Rs 29.6. At 12:08 pm, the share was quoting at Rs 32.65, up Rs 2.65, or 8.83%. It was trading

  • Satyam episode won't impact India: Jeff Immelt 

    30th January, 2009 12:11

    Jeffrey Immelt, Chairman and CEO, GE, does not think the Satyam episode is a detent of India in any way shape or form. He said he hasn't seen anything like this fi

  • Surya Pharma approves issue of ADRs/GDRs/FCCB; stk gains

    30th January, 2009 12:10

    Surya Pharmaceutical had touched an intraday high of Rs 57 and an intraday low of Rs 56.15. At 12 pm, the share was quoting at Rs 56.50, up Rs 2.05, or 3.76%. The

  • Cadila Health gets US FDA approval for 3 drugs; stk dwn

    30th January, 2009 12:05

    Cadila Health had touched an intraday high of Rs 251 and an intraday low of Rs 245. At 11:56 am, the share was quoting at Rs 248.50, down Rs 2.15, or 0.86%. The co

  • Aries Agro sales revenue grows by 14.5% in Q3

    30th January, 2009 12:01

    Aries Agro Ltd, a specialty nutrient company has posted total sales revenues of Rs. 84.90 crore and a net profit after tax (PAT) of Rs. 4.65 crore for the three qu

  • Indian Oil declares result, stock up

    30th January, 2009 11:59

    Indian Oil Corporation, IOC had touched an intraday high of Rs 451 and an intraday low of Rs 430.50. At 11:50 am, the share was quoting at Rs 447.50, up Rs 11.75,

  • Procter & Gamble Hygiene sales up 17%, PAT up 2%

    30th January, 2009 11:50

    Procter & Gamble Hygiene & Healthcare net sales of Rs 226.1 crores grew by 17% vs. Rs 194.1 crores in the corresponding quarter of last year. Profit After Tax (PA

  • Mercator Lines eyes long-term contracts with power cos 

    30th January, 2009 11:42

    Nitin Kolhatkar, VP-Finance, Mercator Lines, said the drop in net profit was mainly because of exchange count. He added that the notional loss for nine months is c

  • Glenmark Pharma touches 52-week low

    30th January, 2009 11:33

    Glenmark has touched a 52-week low of Rs 126.10. At 11:24 am, the share was quoting at Rs 130.70, down Rs 7.05, or 5.12%. It was trading with volumes of 1,251,588

  • Aptech up on large volumes

    30th January, 2009 11:29

    Aptech had touched an intraday high of Rs 89.90 and an intraday low of Rs 80.10. At 11:20 am, the share was quoting at Rs 89.00, up Rs 6.05, or 7.29%.

  • JMC Projects approves 40 cr right issue, stock up

    30th January, 2009 11:22

    JMC Projects had touched an intraday high of Rs 51.40 and an intraday low of Rs 48.90. At 11:12 am, the share was quoting at Rs 51.40, up Rs 2.75, or 5.65%. The co

  • TCS leads race for sony's $100 m deal; stock down

    30th January, 2009 11:13

    TCS had touched an intraday high of Rs 505.15 and an intraday low of Rs 498.40. At 11:03 am, the share was quoting at Rs 501, down Rs 8, or 1.57%. The company is l

  • Prompt RBI action key to our banking strength: Uday Kotak 

    30th January, 2009 10:52

    Uday Kotak, VC and MD, Kotak Mahindra Bank, applauds Indian regulators for being way above the curve. He believes owing to tighter norms that banks here are in a m

  • Indian GDRs: Gail down 12.2%, Satyam slips 9.5%

    30th January, 2009 10:45

    Indian GDRs: Gail slipped 12.21% at USD 21.5, Satyam was down 9.57% at USD 1.89, ICICI Bank declined 6.30% at USD 16.36, Sterlite fell 4.41% at USD 5.2, Tata Motor

  • Mkts marginally weak; telecom, FMCG, ONGC gain

    30th January, 2009 10:41

    The benchmark indices are trading marginally lower, after showing recovery of more than half of early trade losses. Buying is seen in telecom, FMCG, select cement

  • Stay away from Kingfisher Airlines: Sukhani 

    30th January, 2009 10:33

    Technical Analyst, Sudarshan Sukhani is of the view that one can stay away from Kingfisher Airlines.

  • LT Foods Q3 net profit at Rs 1 cr

    30th January, 2009 10:26

    LT Foods has declared its third quarter results. The company's net sales were at Rs 276.4 crore versus Rs 257.4 crore. Its net profit was at Rs 1 crore versus Rs 8

  • Allied Digital Q3 net profit at Rs 18.6 cr

    30th January, 2009 10:24

    Allied Digital Services has announced its third quarter results. The company's net sales were at Rs 96.3 crore versus Rs 79.3 crore. Its net profit was at Rs 18.6

  • Buy DLF on 40-50% fall: Sukhani 

    30th January, 2009 10:22

    Technical Analyst, Sudarshan Sukhani is of the view that one can buy DLF after it falls another 40-50% from current levels.

  • Global rally may push mkt to 10,000-10,500: LGT Bk 

    30th January, 2009 10:18

    Hans Goetti of LGT Bank said the long-term view for markets is still negative. However, he feels one can expect a short-term rally. "The markets will be hurt if US

  • Don't see a drop in Satyam's customers, revenue: Tarun Das 

    30th January, 2009 10:18

    Tarun Das, Member, Satyam Board, is confident that Satyam is not in the danger of losing its customers, and subsequently, revenues as reported by The Hindu and The

  • Spice Communications advances 25%

    30th January, 2009 10:11

    Spice Communications has touched a 52-week low of Rs 27. At 10:10 am, the share was quoting at Rs 33.10, up Rs 6.60, or 24.91%. It was trading with volumes of 51,0

  • Glenmark Pharma hits 52-week low

    30th January, 2009 10:07

    Glenmark Pharma has touched a 52 week low of Rs 125.60. At 10:06 am, the share was quoting at Rs 132.15, down Rs 5.55, or 4.03% on the NSE. It was trading with vol

  • BHEL continues to fall

    30th January, 2009 10:02

    BHEL has continued to fall. It had touched an intraday high of Rs 1,339 and an intraday low of Rs 1,294.60. At 10:02 am, the share was quoting at Rs 1,299.45, down

  • Nifty slips below 2800 on weak earnings, global cues

    30th January, 2009 09:55

    The benchmark indices have slipped following weak global cues as well as disappointing earnings from frontline companies. The Nifty breaks below 2800 mark. Banking

  • FII selling does not merit panic: Schroders 

    30th January, 2009 09:49

    SV Prasad of Schroders feels almost all domestic cues have been discounted by the market, but hopes for better global cues to pull the market back. Prasad believes

  • Expect weak opening: Karvy

    30th January, 2009 09:45

    According to Karvy Stock Broking's Technical Analysis report, the indices are expected to open on a weak note in line with the negative global cues.

  • Nifty has support at 2750: Anagram

    30th January, 2009 09:42

    According to Anagram Research's report, support for the nifty comes in at 2750 levels.

  • Sensex has support at 9110/9000: Mansukh Securities

    30th January, 2009 09:38

    According to Mansukh Securities and Finance's report, Sensex will find support at 9110/9000. On the other hand, it may test resistance, which are likely to come ar

  • BL Kashyap Q3 net profit at Rs 16.2 cr

    30th January, 2009 09:34

    BL Kashyap & Sons has announced its third quarter numbers. Its Q3 net sales were at Rs 357.5 crore versus Rs 405.8 crore.

  • Omax Autos Q3 net profit at Rs 1.12 cr

    30th January, 2009 09:32

    Omax Autos has announced its third quarter numbers. Its Q3 net sales were at Rs 189.3 crore versus Rs 174.3 crore

  • BHEL targets 30% sales growth in FY09 

    30th January, 2009 09:31

    BHEL has declared its third quarter results. Its standalone net profit was up 21.3% at Rs 790.56 crore versus Rs 771.90 crore, YoY. K Ravi Kumar, BHEL said the com

  • Support for the Sensex at 9095: Gaba

    30th January, 2009 09:29

    The support for the Sensex is 9095 and the resistance to the up move is at 9334.

  • P&G Q2 net profit at Rs 47.1 cr

    30th January, 2009 09:28

    Procter and Gamble Hygiene and Health Care has announced its second quarter numbers. Its Q2 net sales were at Rs 226.1 crore versus Rs 194 crore.

  • Binani Cement Q3 net profit at Rs 8.5 cr

    30th January, 2009 09:27

    Binani Cement has announced its third quarter numbers. Its Q3 net sales were at Rs 362.4 crore versus Rs 233.3 crore.

  • Tourist traffic may drop 6% in 2009 

    30th January, 2009 09:20

    Tourist arrivals both foreign and domestic have taken a big hit in 2008. The economic crisis, the terror attacks in Mumbai and travel advisories post those attacks

  • L&T Q3 net profit seen up 19.4% at Rs 575 cr

    30th January, 2009 09:19

    Larsen and Toubro, L&T is to announce its third quarter numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going up 19.4% at Rs 575 crore from Rs

  • Siemens Q1 net profit seen down 43% to Rs 111 cr

    30th January, 2009 09:19

    Siemens is to come out with first quarter numbers. According to CNBC-TV18 estimates, its Q1 net profit is seen going down 43% to Rs 111 crore from Rs 197.1 crore.

  • Hindalco Q3 net profit seen down 35.6% to Rs 349.4 cr

    30th January, 2009 09:17

    Hindalco is to announce its third quarter numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going down 35.6% to Rs 349.4 crore versus Rs 542.7 c

  • Buy MCX Feb Gold above Rs 14354: Shreekant Jha

    30th January, 2009 09:05

    For gold, buy MCX February above Rs 14,354 per 10 grams with a target between Rs 14,700-14,800 per 10 grams, says Shreekant Jha.

  • Tata Capital's NCD issue to stimulate demand in retail mkt 

    30th January, 2009 09:04

    The Indian capital markets may see activity picking up due to Tata Capital's first Rs 500 crore non convertible debenture issue. With an attractive interest rate o

  • 10-year yield seen between 6-6.15%: Gurumurthy

    30th January, 2009 09:02

    Bond markets continue to show weakness on supply concerns. Today, the auction in the benchmark paper could give direction for the remaining quarter. The range for

  • Rupee opens at Rs 49.10 per dollar

    30th January, 2009 09:01

    The Indian Rupee opened at Rs 49.10 per dollar versus Rs 48.97 yesterday.

  • Caraco Q3 net sales dip 32% at $55.7 mn

    30th January, 2009 08:57

    Caraco has announced its third quarter numbers. Its Q3 net sales stood at USD 55.7 million versus USD 81.9 million. Pantoprazole contributed to lower sales.

  • Suzlon Energy Q3 cons net loss at Rs 58.9 cr

    30th January, 2009 08:54

    Suzlon Energy has announced its third quarter numbers. Its Q3 consolidated net loss stood at Rs 58.9 crore and standalone net loss of Rs 390.9 crore versus profit

  • Devesh Kumar expects Sensex to be ranged @ 8500-10000

    30th January, 2009 08:49

    Investors are risk averse due to the global slowdown and we expect volumes to remain low. The market is likely to be range bound on lack of fresh triggers.

  • US mkts plunge as US new-home sales fell to all-time low

    30th January, 2009 08:41

    US markets declined after 4-days of gain as US new-home sales fell to all-time low, number of Americans receiving jobless benefits surged to a record & companies c

  • MTNL to offer 3G services from Feb 5

    30th January, 2009 08:33

    Mahanagar Telephone Nigam Ltd is all set to launch third generation mobile services commercially on February 5 even as private operators’ roll-out plans have got f

  • F&O cues: Marketwide rollover at 75%

    30th January, 2009 08:30

    F&O cues: Marketwide rollover at 75% Vs 76% last time. Nifty Rollover at 66% Vs 66.5% last time.

  • 18 banks have Rs 660-cr exposure to Satyam

    30th January, 2009 08:29

    Eighteen banks, which include both Indian and multi-national entities, have varying degrees of exposure to the crisis-ridden Satyam Computer Services.

  • Toyota Kirloskar shuts doors on contract workers

    30th January, 2009 08:28

    Toyota Kirloskar Motor has decided not to recruit any more contract workers and has let go over 400 existing contract workers as it battles a major recession in th

  • Stocks in news: Satyam, L&T, TCS, Sun Pharma, Idea

    30th January, 2009 08:25

    Stocks in news: Satyam is likely to get a new owner in 2 months. L&T is seeking management control of Satyam. TCS is leading the race for Sony’s $100m outsourc

  • Market cues: FIIs net buy $6.2 m

    30th January, 2009 08:21

    Market cues: FIIs net buy USD 6.2 million on equity January 28.

  • Confusion over Cabinet ‘decision’ on raw sugar imports

    30th January, 2009 08:10

    There is confusion over whether or not the Centre has allowed duty-free imports of raw sugar against advance licences (AL) on a ‘tonne-to-tonne’ basis.

  • Volume down at Coonoor tea auctions

    30th January, 2009 08:08

    An analysis of the catalogues of the different brokers indicates that the volume offered for sale No. 5 of the auctions of Coonoor Tea Trade Association (CTTA) thi

  • Spot rubber stays unchanged

    30th January, 2009 08:00

    Physical rubber prices continued to remain unchanged on Thursday. Ungraded rubber shed 50 paise on fresh offers. RSS 4 surrendered at its February futures to Rs 68

  • MF NAVs end with negative returns

    30th January, 2009 00:30

    Equity diversified NAVs finished the day on a weak note with advance:decline ratio of 50:17, as the benchmark indices ended lower amid extreme volatility on the da

  • Sell NCDEX Chilli (Feb) below Rs 4719: Anagram

    30th January, 2009 21:02

    Anagram Research has recommended to sell NCDEX Chilli (February) below Rs 4719 with a stoploss of Rs 4765 and target of Rs 4650 in its January 30, 2009 research re

  • Shree Renuka Sugars has targets of Rs95-100: Thacker 

    30th January, 2009 20:40

    Technical Analyst, Mitesh Thacker is of the view that Shree Renuka Sugars has target of Rs 95-100.

  • Ispat Q3 standalone net loss at Rs 651.7 cr

    30th January, 2009 20:27

    Ispat has announced its third quarter results. The company's Q3 standalone net loss at Rs 651.7 crore versus net loss of Rs 26.7 crore, QoQ.

  • Lanco Infratech Q3 cons PAT at Rs 79.88 cr

    30th January, 2009 20:22

    Lanco Infratech has announced its third quarter results. The company's Q3 consolidated net sales were up at Rs 1,300.11 crore versus Rs 778.15 crore, YoY.

  • US markets open higher; Dow up 32 points

    30th January, 2009 20:05

    US markets have opened higher. The Dow Jones Industrial Average is up 31.54 points or 0.39% at to 8,180.55. The Nasdaq up 10.86 points or 0.72% to 1,518.70 and S&P

  • Rupee has support at 48.60/48.7: Commtrendz Research

    30th January, 2009 20:00

    According to Commtrendz Research's report on Indian Rupee, supports are still holding between 48.60/48.7 levels followed by an important 48.25. Resistances are int

  • Order intake in Q3 at Rs 1449 cr: Simplex Infra

    30th January, 2009 18:51

    Simplex Infrastructures order intake during Q3 is healthy at Rs 1449 cr, with Domestic market orders contributing 89% at Rs 1288 cr and Overseas market orders 11%

  • Expect sugar crushing at 35Lk tonnes: Shree Renuka

    30th January, 2009 18:46

    Crop planted area has gone down by 20-25% and average yield per acre has gone down. This year's crushing is expected to be 35 lakh tonne.

  • See good order book; 15% margin going ahead: Welspun Guj 

    30th January, 2009 18:37

    Akhil Jindal of Welspun said the company has reported 15% margin in the last 6-8 quarters. “The way we have booked our raw material and shipping, we are looking at

  • Tata Motors' net revenue down by 34.4% at Rs 4758.62cr

    30th January, 2009 18:27

    Tata Motors has reported a 34.4% decrease in revenues (net of excise) to Rs.4758.62 crores for the quarter ended December 31, 2008, compared to Rs.7251.83 crores i

  • Subhiksha admits to facing a severe liquidity crisis 

    30th January, 2009 18:18

    After CNBC-TV18 reported last week about non-payment of salaries to Subhiksha employees, the company's Managing Director today admitted that the retail company is

  • Order book position stands at Rs 10,387 cr: Suzlon

    30th January, 2009 18:16

    Suzlon Energy has announced its third quarter numbers. Its Q3 consolidated net loss stood at Rs 58.9 crore and standalone net loss of Rs 390.9 crore versus profit

  • JM Financial's Total income at Rs 98.91cr

    30th January, 2009 18:07

    JM Financial's Total income at Rs. 98.91crore compared to Rs. 216.06 crore. Net operating profit before provisions at Rs. 11.97 crore compared to Rs. 60.94 crore

  • Rupee ends higher, bonds lower

    30th January, 2009 17:56

    The spot rupee closed higher at Rs 48.87 per USD as against its previous close of Rs 48.99. The widely traded 8.24%, 2018 paper ended lower at Rs 114.40 as against

  • Simplex Projects total income at Rs 75.43cr for Q3FY08-09

    30th January, 2009 17:50

    Simplex Projects posts total income for Q3 FY 2008-09 at Rs 75.43 crores as against Rs 58.69 crores reported in the Q3 FY 2007-08, is higher by 28.52%. Total Incom

  • M&M Q3 PAT seen down 68% at Rs 126.65 cr

    30th January, 2009 17:45

    Mahindra and Mahindra, M&M is to come out with Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 profit after tax, PAT is seen going down 68% at Rs 126.65 c

  • DLF Q3 net profit seen down 27.96% to Rs 1545.26 cr

    30th January, 2009 17:40

    DLF is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going down 27.96% to Rs 1545.26 crore from Rs 2144.98 crore, YoY

  • Hindalco Industries post PBIT at Rs 768.6cr

    30th January, 2009 17:32

    Hindalco Industries PBIT at Rs 768.6 crores. Net sales and revenues at Rs. 4117 crores in 3rd Quarter of FY 09 are lower as compared to Rs. 4,539 crores for the co

  • Kajaria Ceramics income from operations up 20%,Rs 163.16cr

    30th January, 2009 17:23

    Kajaria Ceramics Total Income from operations increased 20% to Rs.163.16 crores from Rs.136.27 crores reported in the corresponding quarter. For the 9 Months ended

  • OnMobile Global Q3 cons revenue up 19% at Rs 115 cr

    30th January, 2009 17:18

    OnMobile Global has announced its third quarter numbers. Its Q3 consolidated revenues stood at Rs 115 crore and profit after tax at Rs 28 crore.

  • Revised capex plan of Rs 140 crore: Havells India

    30th January, 2009 16:58

    9% drop in net revenue; 7% due to the reduction in value and 2% due to reduction in volume.

  • Order book seen between Rs 1400-1500 cr by FY09 end: Emco

    30th January, 2009 16:55

    Emco has declared its third quarter results. Order book seen between Rs 1400-1500 crore as on April 1, 2009.

  • Peninsula Land pledges 25% promoter stake with HDFC 

    30th January, 2009 16:51

    Peninsula Land has pledged 25% of its promoter's equity to HDFC. Promoters hold a nearly 54% in the company out of this 14% equity is pledged with HDFC. This is a

  • Arshiya International PAT up 105% yoy

    30th January, 2009 16:45

    Arshiya International Ltd Nine Months Ended FY09 PAT up 105% yoy. Consolidated Net Income of Rs. 114.16 crore for the quarter ended December 31st 2008; a rise of 9

  • May cut PLRs going forward: Oriental Bank of Commerce 

    30th January, 2009 16:41

    Alok Kumar Mishra, CMD, Oriental Bank of Commerce, said the bank may look at bringing down primary lending rates as interest rates are on the downward move. “The N

  • Keep Rs 45 stoploss in Spice Comm: Mathew 

    30th January, 2009 16:39

    Technical Analyst, E Mathew is of the view that one should keep Rs 45 stoploss in Spice Communications for long term position.

  • Ratio of Savings and Investment to GDP over the years

    30th January, 2009 16:36

    The ratio of Savings and Investment to GDP has witnessed a constant growth over the years. Savings-Investment gap under the UPA regime stood at -0.45, -1.2% & -1.1

  • 'BBB' rating on Infosys affirmed; Outlook revised to stable

    30th January, 2009 16:27

    Standard & Poor's Ratings Services today revised its rating outlook on India's Infosys Technologies Ltd. (Infosys) to stable from positive. At the same time, Stand

  • Hold Balrampur Chini: E Mathew 

    30th January, 2009 16:20

    Technical Analyst, E Mathew is of the view that one should hold Balrampur Chini Mills with stoploss of Rs 45-48. On the upside, it can touch Rs 75-78, he added.

  • See volume drop on lower crushing in FY09: Balrampur Chini 

    30th January, 2009 16:19

    Vivek Saraogi, MD, Balrampur Chini, said cogeneration is a profitable business. But, he said, considering the lower crushing there will be a volume drop. "If there

  • V Kotak overweight on banking space

    30th January, 2009 16:14

    Vikram Kotak, CIO of Birla Sun life Insurance is overweight on banking space.

  • DHFL's net profit up by 22.17%

    30th January, 2009 16:09

    DHFL reports net profit up by 22.17% as compared to corresponding nine months ended last year

  • Asian Star posts topline growth of 13% to Rs 1023cr

    30th January, 2009 16:00

    Asian Star reports total revenue for the nine months ended 31.12.2008 stands at Rs. 1023.18 crores, as against Rs. 903.65 crores last year. Asian Star posted a top

  • DCB reports operating profit at Rs 67.5cr for 9MFY09

    30th January, 2009 15:50

    DCB reported Operating Profit for 9 months FY ‘09 at Rs. 67.5 crores as against Rs. 59 crores for the same period in FY ’08.

  • Indiabulls Real Q3 cons PAT at Rs 11.33 cr

    30th January, 2009 15:45

    Indiabulls Real has announced its third quarter results. The company's Q3 consolidated net sales were up at Rs 38.95 crore versus Rs 81.56 crore, QoQ.

  • Bartronics net sales up by 95.45% at Rs 13714.85 lakh

    30th January, 2009 15:38

    Bartronics India Limited Q3FY09 PAT up by 125.15% at Rs. 2464.80 lakh. Net Sales up by 95.45% at Rs 13714.85 lakh

  • Mkts rally; O&G, banking, realty, telecom, L&T support

    30th January, 2009 15:37

    The benchmark indices have witnessed good buying interest in the second half of session, after weak trading in the early part of the day and closed sharply higher

  • Mundra Port sees deceleration in Feb container traffic 

    30th January, 2009 15:34

    Ameet Desai, ED, Mundra Port & SEZ, sees some deceleration in container cargo traffic. He expects that trend to continue in February. Mundra Port, he said, had han

  • V Guard net sales at Rs 7667.10 lakh, up by 17.80%

    30th January, 2009 15:30

    V Guard Net Sales at Rs 7667.10 Lakh, up by 17.80%. The profit before tax of the Company for the period ended 31st December 2008 was Rs.1792.65 Lakh against Rs.17

  • Panacea Biotech Q3 net loss at Rs 18 cr

    30th January, 2009 15:16

    Panacea Biotech has declared its third quarter results. The company's net sales down 22% at Rs 175 crore versus Rs 226 crore. Its net loss at Rs 18 crore versus ne

  • Asian markets end lower

    30th January, 2009 15:09

    Asian markets ended lower. Japan's Nikkei slipped 3.12% or 257.19 points at 7,994.05. Singapore's Straits Times declined 1.15% or 20.25 points at 1,746.47. South K

  • Buying interest seen in select midcap stocks 

    30th January, 2009 15:09

    Flows are mixed with a positive bias at institutional desk. Entire Reliance pack is back in limelight; local players are active. Select mid cap stocks sees buying

  • Mkts extend gains further; Sensex tests 9400

    30th January, 2009 15:02

    The benchmark indices have extended gains further on the back of buying seen in oil & gas, realty, metal, telecom, cement, select power, capital goods and banking

  • Reduce Tata Power, target of Rs 700: IIFL

    30th January, 2009 14:55

    IIFL has maintained its reduce rating on Tata Power Company with a 12-month target price of Rs 700. TPC’s 3QFY09 net profit came in below expectation, mainly becau

  • Most imp event next week: Senate voting on $819Bn eco pkge

    30th January, 2009 14:53

    Most important events next week will be likely senate voting on Obama’s $819 billion economic package, ECB & BOE interest rate decision on Thursday.

  • Dwarikesh Sugar Q3 net profit at Rs 4.6 cr

    30th January, 2009 14:49

    Dwarikesh Sugar has come out with third quarter numbers. It has reported Q3 net profit of Rs 4.6 crore on the back of net sales of Rs 122 crore.

  • PNB Q3 net profit up at Rs 1,005.8 cr

    30th January, 2009 14:47

    Punjab National Bank has declares its third quarter results. The company's Q3 standalone NII was up 38.12% at Rs 1,967.4 crore versus Rs 1,424.4 crore, YoY.

  • Block deal in GAIL India; stk down

    30th January, 2009 14:46

    GAIL had touched an intraday high of Rs 196.85 and an intraday low of Rs 191. At 2:45 pm, the share was quoting at Rs 195.55, down Rs 1.45, or 0.74% on the NSE. Th

  • Siemens Q1 net profit up at Rs 330 cr

    30th January, 2009 14:41

    Siemens has announced its first quarter numbers. Its Q1 net profit has gone up at Rs 330 crore from Rs 197 crore.

  • Siemens shoots up smartly

    30th January, 2009 14:37

    Siemens had touched an intraday high of Rs 215 and an intraday low of Rs 190.50. At 2:35 pm, the share was quoting at Rs 207, up Rs 10.05, or 5.10%. It was trading

  • Buy ONGC, target of Rs 765: Reliance Money

    30th January, 2009 14:30

    Reliance Money has maintained its buy rating on Oil and Natural Gas Corporation (ONGC) with a target price of Rs 805. In Q3FY09, net sales for the company decrease

  • Mkts see a turnover of Rs 45,000 cr 

    30th January, 2009 14:23

    Even the volumes look good; Rs 45,000 crore already done – that must be a function of the intraday volatility and the fact that February series has just started of

  • India to have a gwth rate of 7-7.5% for 08-09: Kamal Nath

    30th January, 2009 14:18

    India to have a growth rate of 7-7.5 % for the year 2008-2009: Kamal Nath. India is not behind in optimism and despite the slowdown India will still do exports upt

  • Adani Enterprises Q3 cons net profit up at Rs 131 cr

    30th January, 2009 14:13

    Adani Enterprises has announced its third quarter numbers. Its Q3 consolidated net profit went up at Rs 131.32 crore from Rs 121.72 crore(YoY).

  • Tata Tea's consolidated income at Rs 1307cr, up by 14%

    30th January, 2009 14:08

    Tata Tea Ltd consolidated world wide total operating income for the quarter at Rs. 1307 crores grew by 14% over the corresponding quarter of the previous year.

  • C and C Constuctions Q3 net profit at Rs 8.45 cr

    30th January, 2009 13:59

    C and C Constuctions has come out with third quarter numbers. It has reported Q3 net profit of Rs 8.45 crore.

  • Balrampur Chini Q1 net profit at Rs 51.3 cr

    30th January, 2009 13:58

    Balrampur Chini has announced its first quarter numbers. It has reported Q1 standalone net profit of Rs 51.3 crore versus net loss of Rs 6 lakh in same period of l

  • Block deal in Idea Cellular; stk rises

    30th January, 2009 13:55

    Idea Cellular has touched an intraday high of Rs 45.80 and an intraday low of Rs 44.25. At 1:54 pm, the share was quoting at Rs 45.70, up Rs 0.30, or 0.66% on the

  • Reliance Infra among major gainers

    30th January, 2009 13:51

    Reliance Infrastructure is among major gainers on the Sensex. It had touched an intraday high of Rs 583 and an intraday low of Rs 539. At 1:43 pm, the share was qu

  • Jetking net income up 14.57% to Rs 1118.23 lacs

    30th January, 2009 13:48

    Jetking, renowned as India's No. 1 Computer-Hardware and Networking Institute,posted a PAT of Rs 1,087 lacs for the nine month fiscal period ended 31.12.2008, a ho

  • HCL Technologies a performer: ICICIdirect.com

    30th January, 2009 13:46

    ICICIdirect.com has rated HCL Technologies as a performer with a target of Rs 127. HCLT reported Q2FY09 numbers with net sales of Rs 2490.8 crore (5.1% QoQ growth)

  • McNally Bharat Q3 PAT at Rs 5.61 cr

    30th January, 2009 13:44

    McNally Bharat Engineering has announced its third quarter numbers. The company reported Q3 PAT up 1% Rs 5.61 cr versus Rs 4.95 crore. Its net sales were at Rs 232

  • Arvind likely to demerge brands div, retail biz, stk up

    30th January, 2009 13:40

    Arvind had touched an intraday high of Rs 14.05 and an intraday low of Rs 13.35. At 1:30 pm, the share was quoting at Rs 13.95, up Rs 0.10, or 0.72%. The company

  • Govt stimuli won't spur consumer demand: Stephen Roach 

    30th January, 2009 13:36

    At the World Economic Forum at Davos, Switzerland, Stephen Roach of Morgan Stanley says, “We have thrown a lot of money at the problem so far but we have not taken

  • Raymond advances 7.3%

    30th January, 2009 13:32

    Raymond had touched an intraday high of Rs 101 and an intraday low of Rs 90.05. At 1:23 pm, the share was quoting at Rs 97.80, up Rs 6.70, or 7.35%. It was trading

  • Accumulate SBI: Anagram

    30th January, 2009 13:23

    Anagram Research has recommended an accumulate rating on State Bank of India (SBI). Despite ongoing financial crisis, the bank would continue to be benefited by it

  • Britannia sales up 25% in Q3

    30th January, 2009 13:20

    Britannia Industries Ltd., India’s leading food Company, reported sales of Rs 8183 MM for the quarter ended 31st December 2008, a growth of 25% - driven by a healt

  • Imagining India's potential, the Nandan Nilekani way 

    30th January, 2009 13:12

    In his recently-published book, Imagining India, Nilekani outlines the idea that he thinks will make it happen, Nandan Nilekani outlines the the idea that that he

  • IRB's revenues is Rs 670.78cr for 9mths

    30th January, 2009 13:10

    IRB Infrastructure Developers Limited, (BSE:532947) one of the largest toll road operating companies in India, listed in February 2008, has declared unaudited cons

  • United Spirits recovers sharply

    30th January, 2009 13:07

    United Spirits had touched an intraday high of Rs 571 and an intraday low of Rs 508. At 12:58 pm, the share was quoting at Rs 568.40, up Rs 42.80, or 8.14%. It was

  • OBC Q3 PAT at Rs 252.2 cr

    30th January, 2009 12:57

    OBC has announced its third quarter results. The company's Q3 net profit was at Rs 252.2 crore versus 138.5 crore, YoY.

  • The Sound Crafters

    30th January, 2009 12:52

    A huge amount of money is spent on the visual devices of your computer but most people barely think about their audio devices. Speakers and soundcards are where pe

  • India Infoline shoots up smartly

    30th January, 2009 12:47

    India Infoline had touched an intraday high of Rs 46.20 and an intraday low of Rs 41.60. At 12:37 pm, the share was quoting at Rs 45.35, up Rs 3.05, or 7.21%. It w

  • Caraco Q3 net sales dip 32% at $55.7 mn 

    30th January, 2009 12:42

    Caraco has announced its third quarter numbers. Its Q3 net sales declined 32% at USD 55.7 million versus USD 81.9 million, YoY. Decrease on the sale of a Para IV p

  • Dena Bank's net profit 38.87%, up Rs 101.07cr

    30th January, 2009 12:38

    Dena Bank's Net Profit recorded a rise of 38.87 %, up from Rs. 101.07 Cr recorded in the corresponding quarter of the previous year to Rs 140.36 Cr for the quarter

  • Capex for FY10 at Rs 350 cr: Usha Martin

    30th January, 2009 12:37

    Usha Martin has announced its third quarter results. Capex for FY10 at Rs 350 cr.

  • Godrej Industries can double in 2-years: R Shah 

    30th January, 2009 12:30

    Rajen Shah, CIO of Angel Broking is of the view that Godrej Industries has lost almost about 90% from the top and it is currently quoting at absurd valuations. The

  • Spice joins race to buyout Satyam  

    30th January, 2009 12:27

    Spice has put in an expression of interest to acquire Satyam, reports CNBC-TV18, quoting sources. L&T has infact expressed interest formally. It has also opted to

  • Jaiprakash Associates gushes forth

    30th January, 2009 12:24

    Jaiprakash Associates had touched an intraday high of Rs 73.30 and an intraday low of Rs 67.10. At 12:15 pm, the share was quoting at Rs 72.55, up Rs 3, or 4.31%.

  • Safexpress awarded Brand Loyalty Award in Logistics Sector

    30th January, 2009 12:20

    Safexpress Pvt Ltd, the leader in Supply Chain Management and Logistics Industry was conferred the ‘Brand Loyalty Award in Logistics Sector’ at the 2nd India Loyal

  • Zee Entertainment leads gainers on the Nifty

    30th January, 2009 12:12

    Zee Entertainment Enterprises is top gainer on the Nifty. It has touched an intraday high of Rs 112.60 and an intraday low of Rs 105.15. At 12:11 pm, the share was

  • See no growth in entertainment ind in '09: Pyramid Saimira 

    30th January, 2009 12:11

    Saminathan, CMD, Pyramid Saimira Theatre, clarified that the company posted weak numbers as it had booked a marked to market loss on FCCB provisioning of around Rs

  • Srei Infrastructure cons income is Rs 176.94cr

    30th January, 2009 12:10

    Srei Infrastructure reports total consolidated income for the quarter December 31, 2008 is Rs 176.94 crore as against Rs 196.01 crore in the corresponding period.

  • Tata Tea Q3 cons PAT at Rs 396 cr

    30th January, 2009 12:04

    Tata Tea has declared its third quarter results. The company's Q3FY09 consolidated net profit went down at Rs 396.12 crore versus Rs 1,292.22 crore.

  • Kilburn Engg approves buyback up to Rs 3.1 cr; stk up 10%

    30th January, 2009 12:00

    Kilburn Engineering had touched an intraday high of Rs 20.90 and an intraday low of Rs 20.10. At 11:57 am, the share was quoting at Rs 20.90, up Rs 1.90, or 10%. T

  • Mkts choppy; O&G, FMCG, realty, cement, SBI, R-Com gain

    30th January, 2009 11:56

    The benchmark indices have shown recovery from lows of the day and are trading with some volatility. Support is seen from oil & gas, FMCG, realty, cement stocks as

  • IOC Q3 standalone PAT at Rs 2958.59 cr

    30th January, 2009 11:46

    IOC has announced its third quarter results. The company's Q3 standalone net profit at Rs 2958.59 crore versus Rs 2090.69 crore, YoY.

  • Lower order inflow expected: Blue Star

    30th January, 2009 11:42

    For the quarter ended December 31, 2008, the Company reported Total Income of Rs 566.72 crore representing 10% growth over the same period in the previous year. Ne

  • Pyramid Saimira Q3 net loss of Rs 74.7 cr

    30th January, 2009 11:32

    Pyramid Saimira has declared its third quarter results. The company's Q3 net loss of Rs 74.7 crore versus profit of Rs 29.8 crore.

  • Nifty struggles at 2800; CG, IT, metal, power, RIL slip

    30th January, 2009 11:26

    The benchmark indices continued to reel under selling pressure, as a downtrend is seen in capital goods, metal, private banking, power, technology stocks as well a

  • BHEL targets capacity of 20000 MW by FY11

    30th January, 2009 11:20

    Bharat Heavy Electricals (BHEL) has declared its third quarter results. The company's Q3 standalone net sales were up 21.3% at Rs 6,022.25 crore versus Rs 4,964.14

  • Power Grid among major losers

    30th January, 2009 11:05

    Power Grid Corporation of India is among major losers on the Nifty. It has touched an intraday high of Rs 88.90 and an intraday low of Rs 86. At 11:04 am, the shar

  • Sell Pepper NCDEX 1st Month Future at Rs 12100: Hem

    30th January, 2009 10:51

    Hem Securities has recommended to sell Pepper NCDEX 1st Month Future at Rs 12100 with stoploss of Rs 12300 and a target of Rs 11850.

  • HCL Tech top gainer on the Nifty

    30th January, 2009 10:42

    HCL Technologies is the top gainer on the Nifty. It had touched an intraday high of Rs 114.20 and an intraday low of Rs 106.95. At 10:41 am, the share was quoting

  • Rs 850 Sensex EPS FY09 target on track: Enam 

    30th January, 2009 10:40

    Nandan Chakraborty of Enam feels there will be very few positive surprises in the earnings season. According to him, focus needs to shift from margins to volumes n

  • Do not trade, invest in metal stks: Sukhani 

    30th January, 2009 10:30

    Technical Analyst, Sudarshan Sukhani is of the view that metal stocks are not trading opportunities; they were not investment opportunities anyway.

  • Do not buy Satyam, says Sukhani 

    30th January, 2009 10:26

    Technical Analyst, Sudarshan Sukhani is of the view that one shouldn't buy Satyam Computer.

  • Maruti sees good Q4 backed by lower input costs 

    30th January, 2009 10:23

    Ajay Seth, CFO, Maruti Suzuki said the subdued performance was because Q3 was an extremely tough quater given the tight financing norms and the liquidity crunch. H

  • Sujana Towers Q3 net profit at Rs 3.8 cr

    30th January, 2009 10:21

    Sujana Towers has declared its third quarter results. The company's net sales were at Rs 124.8 crore versus Rs 112.4 crore on QoQ basis. Its net profit was at Rs 3

  • Roman Tarmat Q3 net profit at Rs 2 cr

    30th January, 2009 10:18

    Roman Tarmat has declared its third quarter results. The company's net sales were at Rs 32.9 crore versus Rs 26.4 crore. Its net profit was at Rs 2 crore versus Rs

  • Expect business to grow by 25% in FY10: Bank of Baroda

    30th January, 2009 10:13

    Bank of Baroda has declared its third quarter results. The company's Q3 standalone NII was at Rs 1,461.8 crore versus Rs 997.5 crore, YoY.

  • Sun Pharma loses further ground

    30th January, 2009 10:09

    Sun Pharmaceutical Industries had touched an intraday high of Rs 1,135 and an intraday low of Rs 1,070.35. At 10:08 am, the share was quoting at Rs 1,080.00, down

  • Sell Gold Feb at around Rs 14200: Mansukh Securities

    30th January, 2009 10:02

    Mansukh Securities and Finance has recommended to sell Gold February at around Rs 14200 with stoploss above Rs 14275 for the target of Rs 14000, Rs 13920.

  • Suzlon Energy declares results; stk down

    30th January, 2009 09:59

    Suzlon Energy had touched an intraday high of Rs 43.75 and an intraday low of Rs 41.60. At 09:59 am, the share was quoting at Rs 43.55, down Rs 1.2, or 2.68% on th

  • Nifty has support at 2780: Reliance Money

    30th January, 2009 09:50

    According to Reliance Money's Morning Notes, as for today's trade, we may observe a negative start on back of weak global indices. On downside levels of 2780 may p

  • US mkts slip on weak earnings reports

    30th January, 2009 09:45

    The rally is over; stocks closed in the red today, the markets are reeling from weak earnings reports and even worse news on jobs. The Dow closing near its lows dr

  • See strong resistance at 2875: Sudarshan Sukhani 

    30th January, 2009 09:44

    Sudarshan Sukhani of Technical Trends is of the view that the markets are back inside a trading range. According to him, if 2700 breaks, the market can go much low

  • Nifty 2800 Put adds 16.5 lakh shares in OI 

    30th January, 2009 09:41

    Nifty rollover stood at 66% versus 66.5% last time and marketwide rollover was at 75% versus 76% last time. Nifty OI Put-Call ratio was up from 0.93 to 1.09. Nifty

  • Expect flat to negative opening: ICICIdirect.com

    30th January, 2009 09:36

    According to ICICIdirect.com's report, Indian markets are likely to open flat to negative on negative global cues.

  • See cost at $3.5/bbl when Rajasthan plant starts: Cairn 

    30th January, 2009 09:33

    Rahul Dhir of Cairn India said current costs stands at USD 4.5 per barrel, which would fall to USD 3.5 per barrel post the Rajasthan plant approaching first produc

  • Bhansali Engg Polymers Q3 net loss at Rs 18.3 cr

    30th January, 2009 09:31

    Bhansali Engineering Polymers has announced its third quarter numbers. Its Q3 net sales were at Rs 33.84 crore versus Rs 57.9 crore.

  • Kitply Ind Q3 net loss at Rs 13 cr

    30th January, 2009 09:30

    Kitply Ind has announced its third quarter numbers. Its Q3 net sales were at Rs 20.5 crore versus Rs 8.4 crore.

  • Nirma Q3 net loss at Rs 7.8 cr

    30th January, 2009 09:29

    Nirma has announced its third quarter numbers. Its Q3 net sales were at Rs 739.3 crore versus Rs 575.6 crore.

  • IOC Q3 net profit seen at around Rs 1000–1200 cr

    30th January, 2009 09:27

    IOC is to come out with third quarter numbers. According to CNBC-TV18 estimates, its Q3 net profit is expected to be at around Rs 1000–1200 crore versus Rs 2090.7

  • PVR Q3 PAT seen down 43% to Rs 3.46 cr

    30th January, 2009 09:26

    PVR is to announce its third quarter numbers. According to CNBC-TV18 estimates, its Q3 PAT is seen declining 43% to Rs 3.46 crore versus Rs 6.11 crore.

  • EdServ Softsystems plans IPO

    30th January, 2009 09:20

    EdServ Softsystems, an e-learning company, would be tapping the capital market with an initial public offering of 39.7 lakh equity shares of Rs 10 each, reports Th

  • Bankers want RBI to extend realty proj completion deadline 

    30th January, 2009 09:19

    Bankers are joining hands under the Indian Banks' Association or IBA to ensure greater monitoring of their commercial real estate loans. The IBA is working on a se

  • Tata Motors Q3 net loss seen at 70.2 cr

    30th January, 2009 09:18

    Tata Motors is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 net loss is seen at 70.2 crore versus net profit of Rs 499 crore.

  • Liberalization of FDI will beneficial to aviation space 

    30th January, 2009 09:15

    If liberalization of FDI happens, one will see a few sectors like aviation fly immediately. And within aviation, the day the news comes Kingfisher will move fastes

  • Mkts may be hit by weak global cues 

    30th January, 2009 09:04

    Global cues are now supportive for the markets today. So, markets may get dented on the first day of the February series. It also seems that the Vote of Account sc

  • Expect stocks to fall today: Mohoni

    30th January, 2009 09:04

    European markets declined quite heavily last night, and the US markets followed suit. Asian markets are also down this morning, and the global short-term trend has

  • GMR Infra Q3 net profit down at Rs 40.8 cr

    30th January, 2009 09:02

    GMR Infrastructure has announced its third quarter numbers. Its Q3 net profit declined at Rs 40.8 crore from Rs 64.1 crore.

  • Rupee could see some weakness: Thanawala

    30th January, 2009 09:01

    The rupee could see some weakness on negative global market cues and weaker dollar against major currencies. The range for the day is seen between Rs 48.80-49.30 p

  • TV18 Q3 cons net loss at Rs 33 cr

    30th January, 2009 08:57

    Television Eighteen has announced its third quarter results. The company registered a net loss of Rs 33 crore versus net loss of Rs 27.95 crore.

  • Rollovers slightly lower in value terms: Abhinay Jain

    30th January, 2009 08:51

    Nifty rollovers have been in line with expectations. More cash buying than aggressive short rollovers in Nifty led to massive discount towards the end, Abhinay Jai

  • Near term range for crude seen at $ 38-48/bbl 

    30th January, 2009 08:47

    NYMEX Crude March pared losses on gasoline rally. Potential strike by US refinery workers supported energy products. Weak US jobless claimes, durable goods order a

  • Circuit filters change on BSE

    30th January, 2009 08:35

    The circuit filters has/have been changed from their existing levels in Vyapar Industries, Galaxy Entertainment Corporation, Riba Textiles, Raasi Refractories with

  • Crude at $41.62/bbl

    30th January, 2009 08:31

    Crude oil fell after US crude stockpiles increased more than the forecast and government reports signaled the US recession would deepen thus curbing demand. In aft

  • FIIs net buy Rs 1,070 cr in the F&O market

    30th January, 2009 08:29

    FIIs have net bought Rs 464.5 crore in Index Futures and had bought Rs 2,735 crore in last 3 days in Index Futures. They also net bought Rs 295.4 crore in Index Op

  • See gold as a great crisis hedge: Tyche Group 

    30th January, 2009 08:29

    Martin Hennecke, Senior Manager, Tyche Group said, “Our main recommendation over the last 5 years and we still bet on this today is Gold. I think Gold has really s

  • Nifty likely to witness range of 2875-2740: Bhambwani

    30th January, 2009 08:27

    The coming session is likely to witness a range of 2875 on advances and 2740 on declines. The bullish pivot will be the 2850 above which the outlook will remain po

  • Expect gap down opening: Gujral

    30th January, 2009 08:25

    Market will have a gap down opening today on account of weak global cues. Nifty has support at 2685- 2765 and resistance at 2875- 2930.

  • Indian ADRs: Satyam slips 9.5%, ICICI Bank down 6.3%

    30th January, 2009 08:14

    Indian ADRs: Satyam, ICICI Bank, HDFC Bank, Sterlite, Tata Comm, Infosys, Patni, Tata Motors, Dr Reddys and MTNL slipped.

  • Wall St slips on economic concern; Dow ends 226 pts down

    30th January, 2009 08:10

    US markets tumble, halting a four- day advance, as banks retreated from heavy gains made over the past few days, more companies posted disappointing earnings and r

  • Asian markets trading lower; Nikkei slips 3.3%

    30th January, 2009 08:05

    Asian markets were trading lower. Hong Kong's Hang Seng plunged 1.20% or 157.71 points at 12,996.72. Japan's Nikkei slipped 3.35% or 276.19 points at 7,975.05. Si

  • MIC Electronics Q2 cons net profit at Rs 18.31 cr

    30th January, 2009 07:07

    MIC Electronics has announced its second quarter numbers. Its Q2 consolidated net profit went down at Rs 18.31 crore from Rs 25.56 crore, QoQ.

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