Bharat Forge qtr PAT seen up 79.4% at Rs 68.1cr: Angel
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Bharat Forge December quarter sales are expected to go up by 44% to Rs 714 crore, Year-on-Year, (Y-o-Y) basis.
Automotive Axles qtr PAT seen up 53.9% at Rs 9.9cr: Angel
Angel Broking has come out with its earning estimates on auto ancillary sector for the quarter ended December 2010. According to the research firm, Automotive Axles December quarter sales are expected to go up by 28.4% to Rs 175 crore, Year-on-Year, (Y-o-Y) basis.
Nifty tests 5700; RIL, TCS, Infy, Bharti, ITC, HUL slip
At 15:05 hours IST - equity benchmarks erased all their gains seen in first half of trade on back of sell-off in heavyweights. The Nifty shed more than 140 points from day's high to test 5700 level while the Sensex wiped out over 400 points from day's high.
TCS slips further
Tata Consultancy Services (TCS) touched an intraday high of Rs 1,135 and an intraday low of Rs 1,090. At 15:06 hrs the share was quoting at Rs 1,090, down Rs 38.50, or 3.41%.
SKS Microfin to reduce interest rate to 24.55%
SKS Microfinance Limited has announced about a planned move to reduce interest rates to 24.55% across India.
JP Associates touches 52-week low
Jaiprakash Associates touched a 52-week low of Rs 93.25. At 15:04 hrs the share was quoting at Rs 94.10, down Rs 3.30, or 3.39%.
Suzlon Energy top loser on Nifty
Suzlon Energy was the top loser on the Nifty. It touched an intraday high of Rs 50.45 and an intraday low of Rs 46.35. At 15:04 hrs the share was quoting at Rs 46.90, down Rs 2.55, or 5.16%.
ADC India Communications declares dividend at 15%
ADC India Communications at its meeting held on November 17, 2010 has declared dividend at 15% for the year 2010.
VTM declares interim dividend at Rs 2.70 per share
VTM at its meeting held on January 11, 2011 has declared interim dividend at Rs 2.70 per equity share, for the financial year 2010-11.
JK Lakshmi Dec qtr PAT seen dn 65% at Rs 16 cr: Angel
Angel Broking has come out with its earning estimates on Cement sector for the quarter ended December 2010. According to the research firm, JK Lakshmi quarter sales are expected to go down by 8.7% at Rs 332 crore, Year-on-Year, (YoY) basis.
Bessemer Promotes Two India VPs To Partners
US-based investment firm Bessemer Venture Partners (BVP) has promoted two India vice-presidents to partners effective January 1, 2011. The two VPs, Subramanya (Subu) SV and Siddharth Nautiyal, are based out of its Mumbai office.
Hindustan Zinc to consider sub-division of shares
Hindustan Zinc has its Board Meeting on January 19, 2011 to consider sub-division of shares and issue bonus shares.
Exit Mode: ICICI Venture Sells 10% In VA Tech Wabag
ICICI Ventures has made yet another part exit from its investment in engineering services company VA Tech Wabag that focuses on water and waste water treatment with a multi-bagger.
TVS Motors qtr PAT seen up 115.9% at Rs 50.8cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, TVS Motors December quarter sales are expected to go up by 44% to Rs 1545 crore, Year-on-Year, (Y-o-Y) basis.
Tata Motors qtr PAT seen up 195.3% at Rs 1920cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Tata Motors December quarter sales are expected to go up by 10.5% to Rs 28720 crore, Year-on-Year, (Y-o-Y) basis.
M&M qtr PAT seen up 44.1% at Rs 611.4cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Mahindra and Mahindra (M&M) December quarter sales are expected to go up by 33.3% to Rs 5972 crore, Year-on-Year, (Y-o-Y) basis.
Maruti Suzuki qtr PAT seen down 12.6% at Rs 601.3cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Maruti Suzuki December quarter sales are expected to go up by 29.8% to Rs 9518 crore, Year-on-Year, (Y-o-Y) basis.
Hero Honda qtr PAT seen up 2.2% at Rs 547.5cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Hero Honda December quarter sales are expected to go up by 29.2% to Rs 4927 crore, Year-on-Year, (Y-o-Y) basis.
GMR Infrastructure declines 4.4%
GMR Infrastructure touched an intraday high of Rs 43.40 and an intraday low of Rs 40.85. At 14:38 hrs the share was quoting at Rs 40.90, down Rs 1.90, or 4.44%.
China c.bank signals no tightening until February
The People's Bank of China on Tuesday signalled that it would keep official interest rates stable until early February by allowing the auction yield of its one-year bills to rise a moderate 11 basis points, traders said.
Nifty slips below 5750; TCS, Infy, DLF, Bharti, SAIL slip
At 14:25 hours IST - equity benchmarks were extremely volatile in trade but maintained positive bias since morning, led by financial, infrastructure, cement, healthcare, metal (barring SAIL) and select auto companies' shares. Heavyweight ONGC and Wipro were too quite supportive.
Bajaj Auto qtr PAT seen up 25.4% at Rs 596cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Bajaj Auto December quarter sales are expected to go up by 24.8% to Rs 3951 crore, Year-on-Year, (Y-o-Y) basis.
Ashok Leyland qtr PAT seen down 9.3% at Rs 94.9cr: Angel
Angel Broking has come out with its earning estimates on automobile sector for the quarter ended December 2010. According to the research firm, Ashok Leyland December quarter sales are expected to go up by 16% to Rs 2105 crore, Year-on-Year, (Y-o-Y) basis.
Hind Zinc board to consider bonus, split on Jan 19
Hindustan Zinc has board meeting to consider bonus, split on January 19, reports CNBC-TV18. It touched a 52-week high of Rs 1,410. At 14:18 hrs the share was quoting at Rs 1,405.00, up Rs 67.95, or 5.08%.
Titan qtr PAT seen up 92% at Rs 145cr: Angel
Angel Broking has come out with its earning estimates on retail sector for the quarter ended December 2010. According to the research firm, Titan December quarter sales are expected to go up by 50% to Rs 2001 crore, Year-on-Year, (Y-o-Y) basis.
