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Virtual stock Market

+7.05(+0.51%).NS

The newspaper reported on Thursday, quoting a senior company official, ?Cash-strapped Hindalco Industries Ltd, India's largest aluminium maker, will fund future projects by pledging assets of its units.? Hindalco's executive president and chief financial officer, S Talukdar, told the paper in an interview, "Individual companies will borrow money without recourse to Hindalco. We will securitise cash flows and assets with the lender to raise money." Earlier this week, the company said its board had approved a proposal to use $1.8 billion in its share premium reserve to write off costs relating to its foreign acquisition and domestic expansion. Hindalco had acquired Canadian aluminium product maker Novelis in 2007 for $5.9 billion and has also announced investment of 198 billion rupees ($4 billion) more than three years to expand capacity in India. ($1=49.9 rupees)..NS

;drop users;

fg.NS

TAKE THE DELIVERY OF TULSI IT RUNNING ANY MOVEMENT

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It seems Bag films will give you a great hike in the future. you can look for developments in BAGFLIMS. It is very opt for short term high profit, consider it. Not so good for long term but those who had already with previous high amount(70-115) can give for short sell..NS

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XL Telecom has declared its fourth quarter results. The company's Q4 net profit was down at Rs 11.3 crore versus Rs 14.1 crore, QoQ..NS

Hindalco's right issue opens for subscription on September 22 and closes on October 10. The rights priced at Rs 96 per share, is in the ratio of three shares for every seven shares held, or 3:7. The flagship company of the Aditya Birla Group plans to.NS

The 60-hour deadline to Infosys to get back to Axon has expired. As it was previously estimated with Infosys, the deadline was only a safety precaution that the Indian IT major was entitled to under the earlier agreement. In that time period, the Axon .NS

MAN Industries has bagged an order worth Rs 1,100 crore, reports CNBC-TV18. The company said the order is likely to be executed within six-eight months. With the order, MAN Industries? current order book position will stand at Rs 1,500 crore. .NS

The stock price move and F&O action in Akruti City has baffled many in the market. Akruti City gained 42% from Rs 700 per share to 1002 in six days. The stock was down 4% on expiry day, swung 20% during the day. More than 50% volumes came in during last.NS

HCL Tech has offered to buy Axon for 650 pence per share. HCL Tech?s offer price values Axon at approximately £441.1 million. The HCL offer is at 8.3% premium to Infosys?s offer of 600 pence per Axon share including interest dividend. HCL Tech?s indirect.NS

MindTree will hold 79.9% stake in Aztec post-merger. The MindTree-Aztecsoft merger ratio is in favour of Aztecsoft. The swap ratio is of two shares of MindTree for every eleven shares of Aztecsoft..NS

Orchid Chemicals has tied up with Merck to develop anti-infective drugs. Orchid Chemicals will get a milestone of USD 100 million from Merck. .NS

Satyam Computer Services Ltd, a leading global consulting and information technology services provider, has won the coveted Golden Peacock Global Award for Excellence in Corporate Governance for 2008 .NS

Maytas Infra Limited, a Hyderabad based construction and infrastructure development Company today announced that it has bagged two orders totaling to Rs.480.67 crores for electrification of Beed & Nanded districts of Lathur Zone, and Ahmednagar district of Nashik Zone from MSEDCL under ?Infrastructure Development Plan?..NS

Sical Logistics Ltd, India?s leading provider of integrated multi-modal logistics solutions for bulk and containerized cargo and offshore logistics, has won the award for the ?Best Container Logistics Provider in the country? at the Express, Logistics and Supply Chain Awards (ELSC) held in Mumbai on September 19, ?08. The award was received by Mr. Sudhir S. Rangnekar, MD and Group CEO Sical Logistics, on behalf of Sical Distriparks Ltd (SDL) from Mr Nigel Goode CEO, Logistics Writer Corporation and Chairman Express, Logistics and Supply Chain Conclave. SDL is a subsidiary of Sical offering world-class container logistics solutions and was represented by Mr LR Sridhar, Whole Time Director and CEO and Mr R Dhandapani, Chief Operating Officer, SDL.The ELSC Awards were given out during the Express, Logistics and Supply Chain Conclave held in Mumbai on ?Aligning strategies to cope with the intensity of Globalization? on the 19th and 20th of September ?08. The ELSC conclave, now in its 2nd year, recognizes and showcases logistic companies and supply chain led businesses that have set new benchmarks in the delivery of logistics solutions. The winners of the Awards are selected by a panel of industry leaders, including past winners and the eminent members of the advisory council of ELSC.Speaking on the occasion, Ashwin C Muthiah Chairman, Sical Logistics said, ?We are pleased to receive the award for the Best Container Logistics Provider in the country. The recognition underscores our ability to deliver the highest standards of service with a customer-focused approach, through our wide network across the country.?Container logistics continues to be a key growth driver for the company and we have planned investments of INR 120 cr over the next two years, across key locations like JNPT, Tuticorin, Pipavav, NCR region and Bangalore, amongst others. We expect our new CFSs and ICDs to be operational by FY 2012, enabling us to consolidate our position as a leading container logistics player in India.? .NS

ICICI Bank Ltd announced today that it has revised the interest rates on its NRE Fixed Deposits and FCNR(B) Deposits with effect from September 17, 2008. The one year NRE deposit rate has been increased by 50 bps to 3.71% p.a. For FCNR (B) deposits denominated in USD, the interest rate for one year has been increased by 50bpsto2.96% p.a. whereas for FCNR(B)deposit denominated in GBP, the rate has been increased to 5.77% p.a. .NS

IFGL Refractories Ltd, engaged in the manufacture of specialised refractories and operating systems for the iron and steel industry, has effected payment of Rs 3 crore towards the second instalment of advance income tax for the current financial year. .NS

HS Bharana, CMD, Era Infra Engineering, said the company?s order book stands at around Rs 5,900 crore. He sees capex at Rs 1,200 crore for the next two to three years..NS

Sudhir Rao, MD and COO of Bartronics India said that for the the current year they have given a guidance of approximately Rs 500 crore which is almost about 100% growth compared to their performance during the last year. He added that they are on the verge of closing the second quarter which also has been very strong..NS

Reliance Industries has commenced producing oil at the D-6 block of the KG basin. Mukesh Ambani, Chairman, Reliance Industries said, ?I am delighted to formally announce the first flow of oil from the KG basin.?.NS

Hindalco's right issue opens for subscription on September 22 and closes on October 10. The rights priced at Rs 96 per share, is in the ratio of three shares for every seven shares held, or 3:7. The flagship company of the Aditya Birla Group plans to raise Rs 5, 048 crore via the issue.India's biggest aluminium maker is looking to re-finance the USD 3.03 billion bridge loan taken to buy Novelis. The bridge loan needs to be refinanced by November. The remaining money is to be financed through debt.However, the market is concerned with the timing of issue. Investor sentiment is also weak. So, based on these factors, the issue may be undersubscribed due to current market conditions.Hindalco Chairman Kumar Mangalam Birla has reassured shareholders that the issue is safe. "The right issue is priced attractively. Of the total offering, 90% has been underwritten. About 5I bankers will underwrite the issue.".NS

Maytas Metro Limited signs Concession Agreement with Government of AP for Hyderabad Metro Rail Project (MRTS).NS

Mukta Arts Limited (BSE: MUKTAARTS) a marquee, Media & Entertainment Company today announced acquisition of Mobile Content & Application company- Coruscant Tec in an all cash deal for a controlling stake in the company for an unspecified amount.NS

Welspun India Ltd., part of US$ 3 billion Welspun Group announced the de-merger of its Distribution & Marketing and Investment Divisions into two separate companies at cost basis. .NS

Venugopal Dhoot, CMD, Videocon, expects higher demand this festive season. He sees increased demand for consumer durables from the lower middle class. Dhoot added that the July IIP number indicates that growth is going up..NS

Vinit Kumar, Head and Strategic Investor, Temptation Foods, said the company is looking at investment in various listed companies. He added that the company's investment in Kohinoor Foods is purely financial at this stage..NS

Sandeep Akolkar, President ? Finance, Garware Offshore said the company tentatively plans to close FY09 in the region of around Rs 160-165 crore on the topline..NS

Jindal Steel has bagged three exploration orders in Peru. It has to execute those orders within the next 5-6 months. Sushil Maroo, Director-Finance, Jindal Steel & Power, said the company got these orders in the bidding process and lot of work is still.NS

Nirmal Jain, Chairman and Managing Director of India Infoline said that his company plans to launch offshore as well as on-shore asset management (AMC) business. He is trying to get a license in Singapore to start an AMC there. Jain plans to build good .NS

Videocon and Bharat Petroleum Corporation Limited (BPCL) have acquired Brazil's EnCana Brasil Petroleo (EBPL) for USD 283 million. Venugopal Dhoot, CMD of Videocon said that the company has paid around Rs 1,400 crore for the acquisition..NS

KV Kammath of ICICI Bank said that the Indian financial system is secure ans tightened over the past few years. He feels that the Indian economic is the best equipped to cope up with the global turmoil..NS

Suryajyoti Spinning Mills has declared its results for the quarter ended June 2008 (Q1). The company's net sales were at Rs 53 crore versus Rs 54.7 crore..NS

MTNL has added 1.02 lakh GSM users in August 2008, reports CNBC-TV18, quoting: Sources..NS

Reliance Communications has added 1.75 million users in August, 2008, reports CNBC-TV18, quoting NewsWire 18..NS

Koushik Chatterjee, Group CFO of Tata Steel said that external capital will be tough to raise. They have syndicated their entire Corus acquisition debt, he said. The company does not have any immediate fund requirements or any balance sheet issues, he said. Cost of capital is higher as the premium on risk is much higher, he said. Overall leverage will not allow companies to take on too much external capital, Chatterjee said. Steel growth will be tad lower than the 6.5% forecasted, he added. Even at lower demand, steel would have supply constraints, he said. Chatterjee feels that spot steel prices have softened a bit. Raw material metal spread is still at comfortable levels, he said. The company is targeting combined return on capital of 30% in five years.The precious metals have bounced back drastically. So gold and silver had 11-15% rallies but base metals generally have been grinding down globally over the last couple of months. .NS

As per latest updates from Singur, Tata Motors has said that the company is distressed at the limited clarity on Singur row outcome and will continue with the suspension of operations at the Singur plant. Further, Tata Motors said that it will review.NS

Infosys Technologies quarter on quarter appreciation till now was above 13%. Average quarter appreciation for the stock till date was at 3-4%..NS

Buy Idea Cellular with a 12 month target of Rs 112. "Idea Cellular is yet to receive the USD 640 million investment from the private-equity deal done in May this year, and the rupee?s depreciation against the USD will result in a gain exceeding Rs 2 billion for Idea. In FY08, Idea managed its FX exposure better than peers. Idea also sported the best asset turnover, highest depreciation rates and the highest ROE among the big carriers. It raised its market share in FY08 from 8.4% to 9.2% in terms of share of wireless subscribers.".NS

Hero Honda Motors for 12 month target of Rs 920.We expect a 19% CAGR in HH?s EPS from FY08-11ii and hence revise our target multiple from 12x to 13x. We value the stock at 13x FY10ii EPS and revise our target price to Rs 920 from Rs 795. We upgrade the stock to ADD. The key risk to our call is that any worsening in the competitive scenario could result in aggressive discounts, putting margins under pressure,.NS

Vishal Retail has declared its results for the quarter ended June 2008 (Q1)..NS

Mahindra and Mahindra, M&M has announced its first quarter numbers. Its standalone net profit went down at Rs 159.3 crore from Rs 191.2 crore YoY..NS

Total revenue has increased by 56% to Rs 3035 core of which 2022 crore from Data Connectivity and 1011 crore from Network Integration. There are more Data Centers to come in Banglore, Hydrabad and other cities..NS

India Cements has announced its first quarter results. The company Q1standalone net profit was down at Rs 142 crore versus Rs 183.4 crore..NS

Punjab National Bank has announced its first quarter results. The company's Q1 net profit at Rs 512 crore versus Rs 425 crore. Net interest income was up at Rs 1,444.8 crore from Rs 1,378.2 crore. Capital Adequacy Ratio stood at 12.3%. .NS

lovegure.NS

Omaxe has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 46.5 crore..NS

Net sales up 136%; PAT up 83% (YoY) Q1 generally generates 8-10% of annual sales; Q2 contribites 20-25%; Q3 contributes-15-20% whereas Q4 contributes 45% of its annual sales..NS

Net sales up 136%; PAT up 83% (YoY) Q1 generally generates 8-10% of annual sales; Q2 contribites 20-25%; Q3 contributes-15-20% whereas Q4 contributes 45% of its annual sales. .NS

HTMT Global has just opened new 900 seater centre in Chennai. Its new centre is coming up in Vashi..NS

Company added 8 new clients in Q1. Net sales up 60.7% at Rs 383 Cr; PAT up from Rs 28.3 CR to Rs 43.26 Cr. Company ecoects order book of $ 22-25 mn in FY09 fom India.NS

Aztec Software has announced its Q1 FY09 results. It has reported net loss of Rs 9.3 crore versus profit of Rs 3.2 crore (QoQ). The Q1 net sales were at Rs 76.8 crore versus Rs 68.7 crore (QoQ)..NS

Hindustan Zinc has announced its first quarter results. The company's Q1 net profit was down by 28.5% at Rs 847.8 crore versus Rs 1185 crore while CNBC-TV18 estimated at Rs 882.9 crore..NS

Patni Computer Systems has declared its consolidated results for the quarter ended June 2008 (Q2). The company's consolidated net sales were up by 10.6% at Rs 767.3 crore versus Rs 693.4 crore on QoQ basis. Its consolidated net profit was up by 48.7%.NS

Marico has announced its Q1 FY09 results. The consolidated net sales were at Rs 601 crore versus Rs 469 crore (YoY)..NS

Tata Power Company has declared its results for the quarter ended June 2008 (Q1). The company's revenues at Rs 2026.1 crore versus Rs 1511.4 crore..NS

Unity Infraproject's profit after tax (PAT) for FY2008 stood at Rs 600 million, up 42% from Rs 423 million in FY2007. EPS for FY2008 was Rs 44.9 vz. Rs. 32.9 in FY2007, a growth of 36%..NS

Tata Power will add 600 mw of capacity in this financial year, taking its total generation capacity to 3213 mw. .NS

The company?s consolidated total income for the period ended 31st maarch 2008 stoods at Rs 3853.5 million it increased by 72.52%. PBT was up by 57.74% to Rs 326.50 million from Rs 206.98 million. The consolidated EPS of the company is Rs 20.74 as against.NS

Infosys consolidated net profit was up 4.2% at Rs 1302 crore versus Rs 1249 crore. It?s consolidated net sales was up 6.8% at Rs 4854 crore versus Rs 4542 crore. .NS

ICI India has declared its first quarter results. The company's Q1 net profit was up at Rs 70.9 crore versus Rs 22.8 crore..NS

Wipro's Q1 (Indian GAAP) consolidated net sales was up 5% at Rs 5,981.1 crore versus Rs 5,691.9 crore (QoQ). The consolidated net profit was up 4.2% at Rs 907.8 crore versus Rs 871.6 crore (QoQ)..NS

Sterlite to produce 2.6 million tonne of aluminum per annum by 2012 to become top five aluminum producer..NS

Sun Pharmaceutical Industries has announced its first quarter results. The company's Q1 consolidated net profit was up by 120% at Rs 501 crore versus Rs 227.2 crore..NS

The Essar Shipping has contracted to acquire two Supramax dry bulk carriers under Bare Boat Cum Demise agreements to perform Contracts for Affreightments (COA?s) for transportation of coal. The merger of India Shipping with the Company is expected to.NS

Dabur India has announced its first quarter results. The company's consolidated net profit was at Rs 70.7 crore versus Rs 62.2 crore..NS

UTV Software Communications has declared its results for the quarter ended June 2008. .NS

Hexaware Technologies has announced its second quarter results. The company?s Q2 consolidated net sales were at Rs 284.5 crore versus Rs 267 crore, QoQ..NS

Development Credit Bank (DCB) has announced its results for the quarter ended June 2008 (Q1). The company's standalone NII was at Rs 48.7 crore versus Rs 32 crore..NS

Blue Star reported Total Income of Rs 632.54 crore for the quarter ended June 30, 2008, representing 37% growth over the same period in the previous year. .NS

Company has added 20 branches this quarter making total branches 450. Company has enhanced lendind from trucker to all type of commercial vehicle..NS

Buy Cairn India for Rs 287 .We believe that Cairn India Limited (CIL) stock is attractively priced and offers upside as crude oil price continues to remain high. The stock is a momentum play on rising crude oil price. CIL's profit sharing contract with the government, which is over and above the production sharing contract with ONGC, makes it misleading to value the stock on P/E, EV/EBIDTA and EV/barrel of oil equivalent (boe) reserve. Based on DCF of Rajasthan block, which is going to account for almost 85% of total production of CIL going forward, the stock looks undervalued at the current level..NS

Rolta India has announced its fourth quarter numbers. It has posted net profit of Rs 50.83 crore for the quarter ended June 2008 as against Rs 65.7 crore in previous quarter.

Zensar Technologies has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 24.7 crore versus Rs 21.5 crore on QoQ basis.

Sesa Goa has declared its consolidated results for the quarter ended June 2008 (Q1). The company's consolidated PAT was up 337.7% at Rs 636 crore versus Rs 133.1 crore.

Asian Paints has announced its June quarter results. The company's net profit on a standalone basis increased by 32% to Rs 98 crores from Rs. 74.2 crores.

Mastek has announced its results for the quarter ended June 2008 (Q4). The company's consolidated net sales were up at Rs 244.8 crore versus Rs 233.3 crore,

Infotech Enterprises has announced its first quarter numbers. It has posted consolidated net profit of Rs 24.5 crore for the quarter ended June 2008 as against Rs 26 crore in previous quarter.

Sterlite Technologies has declared its results for the quarter ended June 2008. The company's Q1 net profit was at Rs 8.8 crore versus Rs 12.7 crore on YoY basis.

Mphasis has announced its consolidated results for the quarter ended June 2008 (Q1). The company's consolidated net profit was at Rs 79 crore versus Rs 71.4 crore on QoQ basis.

Gujarat State Petronet (GSPL) has announced its first quarter numbers. Its Q1 net sales was up 119.49 crore as against Rs 95.80 crore YoY and net profit up at Rs 32.64 crore versus Rs 17.88 crore

Mastek has announced its results for the quarter ended June 2008 (Q4). The company's consolidated net sales were up at Rs 244.8 crore versus Rs 233.3 crore,

Bartronics India has announced its first quarter results. The company's Q1 consolidated net profit was at Rs 23.5 crore versus Rs 20.2 crore.

BHEL has announced its first quarter results. The company's standalone net profit was up 33% at Rs 384.41 crore versus Rs 288.91 crore,

Ashok Leyland has announced its first quarter numbers. Its Q1 net profit was at Rs 50.6 crore and total income at Rs 1,896 crore. The company's Q1 net sales were up by 16.2% to Rs 1883.86 crore versus Rs 1621.14 crore.

Reliance Communication has announced its first quarter results. The company's Q1 results were inline with expectations, its net profit was up 0.6% at 1512 crore versus 1502 crore, QoQ.

BL Kashyap & Sons revenue for the company was up 37% at Rs 414 crore. Management is expecting the revenue of Rs 2100-2300 crore by the end of the year. The order book of the comapny is at Rs 3500 crore till the month of August.

Key takeaways from Essar Oil Concall * Products breakup: 48% medium distillate; 26% light distillate; 26% heavy distillate * Large sale to PSU companies such as HPCL, BPCL & IOC; private companies sale marginal * Company has received approval for marketing of ATF in domestic market * Company has also filed agreement with BPCL & HPCL for sale of petro products * 2.06 million tonne of crude oil was processed in May-June 2008 * Overall capacity of 10 million tonne. Company acheived more than 100% capacity utilisation. * Gross Refining margin of $ 12.54/bbl * Other income at Rs 66 Cr due to interest on fixed deposits, income tax returns & foreign exchange rate fluctuation) * New capacity addition to be completed by 2010 * 70% of raw materials required for capacity addition has already been placed * Fuel loss was 6.8% * Exports most of them to traders * Poduct mainly consist of fuel oil (Middle East), gasoline (African), LPG (domestic market) * Refining operating cost $ 2.25/bbl

Omaxe has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 46.5 crore.

HT Media has declared its results for the quarter ended June 2008 (Q1).

Tata Motors has decalred its first quarter results. The company's Q1 net profit was down at Rs 326 crore versus Rs 466.8 crore.

Lanco Infratech has declared its first quarter numbers. It has reported consolidated net profit of Rs 59 crore on total income of Rs 927 crore for the quarter ended June 2008.

Akruti City has come out with first quarter numbers. Its consolidated net profit went up at Rs 170.9 crore for the quarter ended June 2008 as against Rs 44.5 crore in same period of last year.

Tata Steel has announced its its first quarter results. The company's Q1 standalone net profit was up 21.78% at Rs 1488.40 versus Rs 1222.11 crore,. Its operating profit was at Rs 3024.6 crore versus Rs 1699.2 crore. Its OPM were at 49% versus 40.5%. Its net sales were up 46.87% at Rs 6165.03 crore versus Rs 4197.58 crore,

OnMobile Global total revenue was at Rs 863 million. EBITDA (excluding other income) of Rs 209 million. The net income was at Rs 152 million. EPS was at Rs 3 per share.

The company has acquired Liberata Financial Services, a leading UK-based BPO provider. Company incurred 33.1 million as capital expendeture in this quarter.

Infosys has acquired Axon Group, a UK-based company, for Pounds Sterling 407.1 million. Axon Group deal would be completed by November.

Tech Mahindra with a target price of Rs 898 in its September 1, 2008 in its research report. "Tech Mahindra (TechM) has announced an agreement to acquire a minority equity stake (17%) in Servista, a leading European Systems Integrator.

Wipro with a target price of Rs 470 in its September 1, 2008 research report. "Wipro Ltd, according to media reports may buy a German competitor that advises companies running business software made by SAP AG. According to the management, the target company is expected to have sales of about USD 100 million to USD 200 million and would have a strong German presence, Wipro wants to have a stronger presence in Germany. It is believed that the company is working on a few targets.

buy rating on Infosys Technologies with a price target of Rs 2090 in its report dated 28 th August, 2008.

Angel Broking has maintained its neutral rating on Tata Motors. "Tata Motors (TML) today approved the terms of its two simultaneous and unlinked Rights Issues. As per the first one, Ordinary Shares will be issued on a Rights basis in the ratio of 1:6 at Rs 340 per share with a face value of Rs 10 each aggregating to Rs 2,186 crore. The other issue of ?A? Ordinary Shares would also be on a Rights basis in the ratio of 1:6 at Rs 305 per share with a face value of Rs 10 each aggregating to Rs 1,961 crore.

Auto maker Tata Motors on Tuesday announced the pricing and other details of the Rs 4,200-crore rights issues which the company plans to come out with to partly finance the buyout of British luxury brands Jaguar and Land Rover.

Keep buying on Tata Steel with a target price of Rs 875. "For 1QFY2009, Tata Steel posted a yoy Topline growth of 39.6% to Rs 43,508 cr (Rs 31,162 cr). This was mainly on account of the delivery growth of 11.5% and strong steel prices in the European markets. The domestic steel players have been struggling to maintain their Margins, due to intervention by the government to control prices. Tata Steel has, however, been an exception on account of being the most efficient player and being the most integrated player in both iron ore and coking coal compared to its peers. However, correction in the global steel prices remains as a major risk for Corus?s profitability."

HCL Technologies Ltd. (HCL), India?s leading global IT services provider, today announced signing of an agreement to fully acquire Control Point Solutions, Inc., the leading provider of voice, data and wireless Telecommunications Expense Management (TEM) services. Privately held, Control Point Solutions (CPS) leads the TEM market with robust platforms catering to both enterprises and carriers across industry verticals. As part of the transaction, HCL will acquire four delivery centres in US with over 200 professionals who come to HCL with domain knowledge and technical expertise. Control Point Solutions is being acquired at an enterprise valuation of USD 20.8 million. This valuation is on cash free and debt free basis. This acquisition strengthens HCL?s unique advantage of providing multi-service delivery platforms for our customer with CPS? TEM expertise complementing HCL?s remote infrastructure service offering. Control Point Solutions is a market leader in the highly fragmented TEM industry with its internally developed robust platforms. Control Point Solutions? technology has been a key differentiator that has demonstrated capability to support both the Enterprise and Carrier segments. Control Point Solutions customers include Fortune 500 organizations across a broad variety of industries. For nearly two decades, Control Point Solutions has managed the entire telecom expense life cycle for clients, providing industry-leading solutions for their voice, data and wireless requirements.

For the second time, NIIT, the Global Talent Development Corporation has been accorded Superbrand status. At a recently concluded award ceremony held in the Capital, NIIT has been adjudged as a Business Superbrand 2008, commanding consumer respect, loyalty and trust by the Superbrands Council, from amongst consumer brands across categories. The prestigious Superbrand status is internationally known as the ?Oscars in the world of branding?. NIIT will be listed in Superbrands India?s very second edition of the book ?Superbrands,? a chronicle of India?s strongest brands. The prestigious award was received by Mr. P Rajendran, Chief Operating Officer, NIIT. Mr. P. Rajendran, Chief Operating Officer, NIIT, said, ?Being conferred the coveted Superbrand status for the second time, is a reiteration of the faith placed in us by our stakeholders. Having pioneered IT training in India, NIIT is now poised to emerge as a leading Global Talent Development Corporation.? This is not the first time that the strength of NIIT brand has been recognized. NIIT was recently honoured with the Digital Opportunity Award at World Congress on IT held in Kuala Lumpur, for its pathbreaking Hole-in-the-Wall Education Initiative. Also at the recently concluded 2008 International Business Awards, NIIT won an International Stevie Award for the Most Innovative Company in Asia (Subcontinent, Australia and New Zealand). UN World Body UNESCO also presented NIIT with a Commendation Certificate for its innovative science station.

The Power Generation Business Unit of Cummins India Limited has won the Confederation of Indian Industry (CII) National Award for Excellence in Energy Management in the category of ?Innovative Energy Saving Product / Service? for the third successive year. The award has been conferred upon Cummins for its unique ?Power Quality & Adequacy Analysis? service designed to ascertain source and load compatibility. This award was conferred during the ?National Award for Excellence in Energy Management? function held in Pune on August 23, 2008. Cummins has been the recipient of this prestigious award twice in the same coveted category for the last two years. In 2007, the Company received the Award for its Producer Gas Genset, while the Real Time Power Factor Control (RTPFC) system won the Company the CII Award in 2006.

Lupin Ltd., announced today that the Company has entered into a multi-year promotion and marketing agreement for the AeroChamber Plus® line of products with Forest Laboratories, Inc. Under the terms of the agreement, Lupin Pharmaceuticals, Inc, USA, will use its 50 person sales force to promote the product to pediatricians. AeroChamber Plus® is a Valved Holding Chamber (VHC) device that is used with metered dose inhalers to improve the delivery of medication to the lungs in the treatment of asthma and COPD. Aerochamber Plus® also reduces the deposition of medication in the mouth and throat and makes metered dose inhalers easier for patients to use by reducing the need to coordinate actuation of the inhaler with inhalation. AeroChamber Plus® is the most widely prescribed holding chamber in the United States and has been used by millions of patients since its introduction. Approximately two thirds of AeroChamber Plus® Valved Holding Chamber prescriptions (IMS 2007 data) are written by pediatricians.

Ballarpur Industries Ltd. (BILT), India?s leading paper manufacturer and flagship of the US$ 3 billion Avantha Group, has been named one of the top 10 companies to undertake active CSR initiatives in a study conducted by TNS India and The Times Foundation. In this national level study, leading business houses and public sector organizations have been rated on various parameters defining the role and importance of CSR.

ICICI Bank Ltd, India?s second largest Bank, and The Export-Import Bank of the United States (Ex-Im Bank) today signed a Memorandum of Understanding (MOU) for USD 250 million to work together for financing the capital goods imports of Indian corporates from USA. This understanding is an extension on the Indian Infrastructure Facility of Ex-Im Bank. As per the understanding Ex-Im Bank will provide credit support to International Banks for financing of capital goods imports by Indian corporates. This MOU will particularly benefit companies in sectors such as power, transportation, airports, oil & gas and renewable energy. The MOU was signed by Mr. Ray Ellis, Vice President and Manager of Ex-Im Bank?s Strategic Initiatives Division and Mr. Sonjoy Chatterjee, Executive Director, Member of ICICI Bank Ltd?s board (responsible for Corporate banking and International Banking).

Buy on Oriental Bank of Commerce with a target price of Rs 181. "In 1QFY09, Oriental Bank of Commerce remained flat at Rs 4.5 billion compared to our estimates of Rs 4.7 billion; slightly lesser than our estimates mainly due higher cost of deposits. NIM declined by 36 bps (Y / Y) to 2.4% and 2.1% in 4QFY08."

Buy on Tata Chemicals with a target price of Rs 441. "The Q1FY09 results for Tata Chemicals (consolidated) were above our expectations in term of net sales. Net sales increased by 93% (YoY) and 50% (QoQ) to Rs 21,923.5 million against our expectations of Rs 14,353.6 million. The revenues show robust performance due to higher revenues reported on standalone basis of Rs 12,073.7 million as against our expectations of Rs 8,377.6 million."

KRChoksey Research has maintained its buy rating on Reliance Communications with a revised target price of Rs 508 in its July 30, 2008 research report. "Revenue was Rs 5178 crore lower than our expectations. Net sales declined 1% q-o-q in spite of an 11% increase in the subscriber base. This was mainly due to a drastic decline in ARPU by 11% q-o-q to Rs 282, due to additional reduction in tariffs."

Buy and hold TVS Motor Company with a 12-month target of Rs 40. TVS Motors Ltd (TVSM) reported a 16% rise in net sales to Rs 9.1 billion on back of a 3% YoY growth in volumes and 13% improvement in realizations aided by price hikes and richer product-mix. Despite the above, TVSM reported a 7% decrease in net profits due to an exceptional income of Rs 72 million in Q1FY08.

Keep buying on Torrent Power with a target price of Rs 146 . The company has posted excellent results for the quarter ended June 2008. The net sales for Q1FY09 stood at Rs 11133.50 million against Rs 8978.70 million in Q1FY08 depicting a growth of 24 %. The expenditures have grown at 20.95% clearly depicting the strength of the company. EBITDA for Q1FY09 stood at Rs 1412.30 million, showing a sharp surge of over 50 % from the previous year?s levels.

Jammu and Kashmir Bank, J&K Bank has announced its first quarter numbers. Its Q1 standalone net profit increased at Rs 94.6 crore from Rs 83.2 crore. Standalone net interest income went up at Rs 226.3 crore from Rs 189.6 crore.

Maharashtra Seamless has declared its results for the quarter ended June 2008 (Q1). The company's standalone net sales were at Rs 351.7 crore versus Rs 351.9 crore. The company's Q1 standalone net profit was at Rs 60.3 crore versus Rs 58.1 crore.

Gujarat Sidhee Cement has announced its first quarter numbers. Its Q1 net profit declined at Rs 5.2 crore from Rs 20 crore.

Tata Motors has decalred its first quarter results. The company's Q1 net profit was down at Rs 326 crore versus Rs 466.8 crore. Its other income was up at Rs 316 crore versus Rs 88.3 crore. Its net sales were up at Rs 6,928 crore versus Rs 6,057 crore.

Mahindra and Mahindra, M&M has announced its first quarter numbers. Its standalone net profit went down at Rs 159.3 crore from Rs 191.2 crore YoY. Net sales went up at Rs 3,293.5 crore from Rs 2,612.8 crore. Operating profit margin declined at 7.49% versus 10.6%. M&M has reported forex loss of Rs 77.9 crore due to rupee depreciation.

Unitech has announced its first quarter results. The company's Q1 net profit was up at Rs 423.3 crore versus Rs 365.7 crore. Its total income was up at Rs 1054.4 crore versus Rs 899.7 crore.

Unitech has announced its first quarter results. The company's Q1 net profit was up at Rs 423.3 crore versus Rs 365.7 crore. Its total income was up at Rs 1054.4 crore versus Rs 899.7 crore.

IVRCL Infrastructure and Projects has announced its first quarter results. The company's standalone net sales were at Rs 928.5 crore versus Rs 677.3 crore. Its standalone net profit was at Rs 43.5 crore versus Rs 37.9 crore.

D-Link has decalred its first quarter results. The company's Q1 net profit was down at Rs 4.2 crore versus Rs 5.8 crore. Its net sales were up at Rs 71.8 crore versus Rs 66.7 crore.

Asahi India has announced its first quarter results. Its Q1 consolidated net sales were up at Rs 324.2 crore versus Rs 225 crore. The company?s consolidated net loss at Rs 42.9 crore versus net profit of Rs 20.1 crore.

Jul 30, 2008 at 12.53 PM ABG Shipyard has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 47 crore versus 33.4 crore. The company's Q1 total income was at Rs 280 crore versus Rs 206 crore.

CESC has decalred its first quarter results. The company's Q1 standalone net sales were up at Rs 783 crore versus Rs 717 crore. Its standalone net profit was up at Rs 94 crore versus Rs 82 crore.

India Cements has announced its first quarter results. The company Q1standalone net profit was down at Rs 142 crore versus Rs 183.4 crore. Its standalone net sales were at Rs 973.69 crore versus Rs 831.6 crore. Forex translation expenses at Rs 21.7 crore.

Buy Oil and Natural Gas Corporation with a target price of Rs 1500. ONGC's Q1FY09 results reflect the buoyant crude oil price trend, but only partially as it has also borne huge subsidy burden. Still, the results are impressive with 43.0% YoY growth in adjusted net profit to Rs 65,929 million.

Keep Hindustan Zinc to buy with a target price of Rs 830. The company has reported a 16.6% YoY decline in topline to Rs 16,436 million and a 31.9% YoY fall in operating profit to Rs 9,777 million during Q1FY2009. Considering that LME zinc prices were lower by 42% YoY, the decline in sales and profit does not come as a surprise. In fact, the company has managed to offset the impact of lower LME prices through volume growth to some extent. The first quarter profit of Rs 8,478 million is 30% of our full year estimate for FY2009E.

Engineers India has announced its standalone results for the quarter ended June 2008 (Q1). The company's standalone net profit was at Rs 50.6 crore versus Rs 38 crore on YoY basis. The company's Q1 standalone net sales were at Rs 252.4 crore versus Rs 150.5 crore on YoY basis.

PTC India has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 18.84 crore versus Rs 11.87 crore. The company's Q1 total income was at Rs 1,220.6 crore versus Rs 1,168.2 crore.

Buy NIIT with target price of Rs 107. Going ahead, we expect NIIT to clock a CAGR of 19.8% and 29.4% in Top-line and Bottom-line respectively, over FY2008-10E. We expect Top-line growth to be driven by the ILS Business, which is expected to grow at a CAGR of around 37% over the same period, with ILS-IT expected to grow by 29.3% CAGR and ILS-FMT by a robust 98.4% CAGR. The SLS Business is expected to clock a CAGR growth of 28.7%, while the CLS Business is expected to clock a subdued 5.7% CAGR growth over the same period. We expect EBITDA Margins to rise by around 100bp annually led by operating leverage in the ILS Business, particularly ILS-FMT. At the CMP, the stock is trading at 11.7x FY2010E EPS. We have downgraded our EPS estimates for FY2009 and FY2010 by 12% and 13% respectively, on account of lowering our Top-line and Margin estimates for the CLS Business, which has recorded a below-par performance. t.

Hindustan Zinc has announced its first quarter results. The company's Q1 net profit was down by 28.5% at Rs 847.8 crore versus Rs 1185 crore while CNBC-TV18 estimated at Rs 882.9 crore. Its total income was down at Rs 1853 crore versus Rs 2266 crore and sales down by 16.6% at Rs 1643.66 crore from Rs 1970 crore while CNBC-TV18 estimated at Rs 1840.5 crore. Operating Profit was also down at Rs 977.7 crore from Rs 1436 crore and OPM declined at 59.4% versus 72.9%. Key Factors Zinc prices affected by the US sub-prime pain and depreciating rupee Zinc prices dropped by 43.9% YoY in Apr-June quarter, hence realisations remain subdued Other Income declined 22.5% at Rs 209.4cr Margins contract due to the decrease in average price realisations of zinc and lead Increase in total expenditure up 24.7% at Rs 665.95cr Staff cost increased 30.4% at Rs 84.74cr Depreciation increased 52.5% at Rs 68.6cr Tax at Rs 263.8 cr vs Rs 469 cr Expansion Plans: Chanderiya II hydro metallurgical smelter has been commissioned Full impact of increased volumes to come in by 2QFY09. HZL enhanced its zinc capacity by 88,000 tpa to 669,000 tpa in April 2008 (total zinc-lead capacity to 755,000tpa). Plans to increase zinc capacity by 210,000 tpa and lead by 100,000 tpa - taking the total to 1.07m tpa by 2010, together with additional mining and captive power capacities Total capex will be Rs 36 billion (USD 900m).

Zee News has declared its first quarter results. The company's net profit was up at Rs 9.5 crore versus Rs 15.3 crore, QoQ. Its net sales were up at Rs 110 crore versus Rs 113.1 crore, QoQ.

Rolta India has announced its fourth quarter numbers. It has posted net profit of Rs 50.83 crore for the quarter ended June 2008 as against Rs 65.7 crore in previous quarter. Its revenues increased at Rs 321 crore from Rs 288.4 crore (QoQ). MTM loss was at Rs 30.18 crore.

Idea Cellular has announced its first quarter numbers. Its Q1 net profit declined 4.88% at Rs 263.09 crore from Rs 278 crore in previous quarter while CNBC-TV18 estimated at Rs 276 crore. Revenue went up by 9.48% to Rs 2173.46 crore from Rs 1985.2 crore. CNBC-TV18 estimated at Rs 2153.24 crore. Its EBIDTA margins were at 33.14% versus 33.93%. Forex loss was up at Rs 15.2 crore in Q1 versus loss of Rs 2.7 crore in Q4 and interest cost also went up by 26.5% to Rs 152.6 crore QoQ. ARPUs declined by 3.13% and MOUs up by 4.13% QoQ. Revenues in established circles went up by 9.1% QoQ and revenues in new circles up by 19.22% QoQ.

Reliance Industries has announced its first quarter numbers wherein both topline and bottomline numbers were in line with estimates. It has posted 13.2% growth in its net profit of Rs 4,110 crore for the quarter ended June 2008 as against Rs 3,630 crore in same period of last year while CNBC-TV18 estimated at Rs 4,142 crore. Net sales was up by 41% at Rs 41,579 crore from Rs 29,524 crore YoY. PBDIT stood at Rs 6,347 crore for first quarter and PBT at Rs 4,902 crore. Earning per share, EPS has increased at Rs 28.30 from Rs 25. Exports were at Rs 28,357 crore and cash profit was at Rs 5,486 crore. Gross refining margin, GRM stood at USD 15.70 per barrel. Petchem revenues went up by 12.7% at Rs 14,871 crore and Petchem EBIT margin improved at 10.6% from 10.4% (QoQ). Refining revenues were up by 45.9% at Rs 32,587 crore and refining EBIT margin declined at 9.3% versus 9.9% (QoQ). Jamnagar Refinery Processed at 8.13 MT of crude and utilisation at 98.5%.

Indiabulls Securities has announced its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 37.5 crore versus Rs 55.3 crore on QoQ basis. The company's Q1 net sales were at Rs 121.3 crore versus Rs 161.3 crore on QoQ basis.

I-Flex Solutions has announced its results for the quarter ended June 2008, Q1. Its consolidated revenues were down 6% at Rs 631.8 crore versus Rs 672 crore, QoQ. The company's net profit was down 43% at Rs 105.6 crore versus Rs 185 crore, QoQ. The company has signed new license fee of USD 17 million. They added 14 new customers.

Buy Grasim Industries with a target price of Rs 2943 . For the quarter ended June 2008, we expect the company would report a net sales growth of 8.8% to Rs 44.3 billion mainly on account of higher cement realisation. We expect EBIDTA margin would depress by 530bps to 25.9% in Q1FY09 from 31.2% in Q1FY08 and EBIDTA would go down by 9.7% to Rs 11.4 billion in Q1FY09E due to higher raw material cost and coal price and increase in freight rate. PAT would go down by 12% to Rs 7.03 billion in Q1FY09E from Rs 7.99 billion in Q1FY08.

Buy on State Bank of India with a target price of Rs 1950. During 1st Q FY09, we expect that the bank would report 28% (Y-o-Y) growth in advances and 24% (Y-o-Y) growth in deposits; NII is expected to report 8% growth (Y-o-Y) to Rs 48.5 billion; we expect that the bank's margin would be under pressure.

i wonder if dlf is really a good buy. The share has seen too many fluctuations !!! is the real estate market gonna rise ? i doubt.

Bharti Airtel has announced its first quarter numbers. It has posted 16.93% growth in its net profit of Rs 2166.7 crore for the quarter ended June 2008 as against Rs 1,853 crore in previous quarter (Indian GAAP). Net sales was up 8.8% at Rs 8506 crore versus Rs 7,819 crore (Indian GAAP) (QoQ). Net profit for in same period of last year was at Rs 1424.2 crore and net sales of Rs 5873.5 crore. Both topline and bottomline were better than expectations. Operating profit margin declined a bit at 41.5% versus 41.6% (QoQ) (US GAAP). Bharti Airtel reported forex loss of Rs 148 crore. ARPU also fell at Rs 350 versus Rs 357 while MoU increased at 534 from 507. Mobile revenues shot up by 7.7% while mobile margins took a hit, down to 30.7% from 35.5%. Non mobile revenues were also up 14.9% whereas margins rose at 43.6% from 39.7%. Total towers stood at 58013 now. Its tenancy ratio was 1.22. Bharti Airtel is a market leader with a market share of all India wireless subscribers at 24.2%.

Marico recorded a turnover of Rs 601 crore during Q1FY09, a growth of 28% over Q1FY08. The growth was across all its businesses (consumer products in India, international business and Kaya skin solutions). More than half of the growth ? about 15%- came from volume expansion. During the quarter, Marico achieved a Profit After Tax (PAT) of Rs 46 crore, a growth of 15% over Q1FY08. Consumer Products Business ? Domestic: Parachute continued to maintain its leadership in India. During the 12 months to May ?08, it had a volume market share of 48% in the branded coconut oils category, led by Parachute and Nihar showing volume growth ranging from 8% to 10%. The Saffola refined edible oils franchise grew by 28% in volume over Q1FY08, led by Saffola Gold. The volume growth was boosted by the introduction of a new variant, Saffola Active. Even as the brand operates in the niche super premium segment of the market in India, its strong and relevant proposition ensures a broadening consumer base. The Hair Oils category experienced healthy growth. As in the past, the company has focused on rigid pack sales of its portfolio. Marico?s hair oils in rigid packs grew 26% in volume over the corresponding quarter in the previous year. During the quarter, Marico commenced the prototype of Parachute Advansed Night Repair Cream and Maha Thanda Hair Oil. Other new products recently rolled out include Parachute Advansed Starz, Hair & Care Almond Gold and Saffola functional food for Diabetics. Said Saugata Gupta, CEO- Domestic Consumer Products Business. ?In an uncertain and difficult macro environment, we have focused on growth in consumer franchise. Such growth may come at a higher cost than before, but the investment would pay for itself in the long run.? International Business: Marico?s international business grew by 37% during Q1FY09. In its traditional markets (the Middle East and Bangladesh), the FMCG business continued to grow and record share gains. In Bangladesh, Parachute coconut oil extended its market dominance backed by strong marketing support. During the 12 months ended May ?08, its market share was 69%. The thrust on expanding the franchise of Parachute hair cream in the Middle East continues. A refurbished campaign for the anti-dandruff variant of the cream was launched targeting Asian Males in the GCC region, helping in capturing the ?problem solution? user segment. The Egyptian brands, Fiancée and HairCode currently enjoy a market share of 62%. The process of integration of the business in South Africa is progressing well. During Q1FY09, Marico South Africa, led by the brands Caivil, Black Chic and Hercules clocked a turnover of Rs 14 crore. Said Vijay Subramaniam, CEO- International Business- ?For Marico Overseas, this year is one of consolidation, as we build on the inorganic gains of the past two years.? Kaya: During Q1FY09, Kaya recorded a turnover of Rs 36 crore, a growth of 62% over Q1FY08. Revenue growth in clinics in India in Q1FY09 that were operational in Q1FY08 too was 25%. Kaya introduced a Deep Pigment Reducer Peel under its skin renewal system in Mumbai. The results have been encouraging and the service has been extended to Delhi with plans of a national roll out during Q2FY09.At the beginning of FY09, 65 skin clinics were operational, 56 in India and 9 in the Middle East. During Q1FY09, Kaya has opened 4 new clinics. Three of these are in existing cities. Kaya is now offering its services for the first time to customers in Lucknow. In the Middle East, a new clinic was opened in Sharjah. Kaya is well on track to open about 15 clinics during the year. Kaya Life offering holistic weight management solution which was launched in FY08 currently has 3 centers ? all in the city of Mumbai. Rakesh Pandey, CEO Kaya said ?We are pleased that along with organic growth, we are holding the momentum for new clinic set ups.? Outlook: The environment has been experiencing significant inflation in input prices, across crude oil derivatives, polymers and edible oils. Price increases may protect absolute margins, but percentage margins do tend to suffer for all players in the Industry. Against this backdrop, Marico intends to maintain its focus on long term sustainable growth, by continuing to invest in creating growth engines for the future. ASP Spends are likely to be maintained, so as to strengthen established brands and build new ones. Milind Sarwate, Chief of HR & Strategy stated- ?Marico considers it important to not get distracted by the cacophony of the economic slowdown. We will think beyond the immediate quarters and strategise for long term value creation.? Sourced From: Perfect Relations Limited

Anagram Research has recommended an accumulate rating on Siemens in its July 23, 2008 research report. "Siemens India (SIL) has announced capex of 100 million euro over next one year. SIL has made this move to bring all the facilities (design, technical assistance, R&D facility) closer to the market as per the needs of the consumer. According to the management major growth drivers are automation, Industrial solution and services business."

ACC has announced its second quarter results. The company's Q2 net profit was at Rs 271 crore versus Rs 351 crore. It total income stood at Rs 1869 crore. ACC Q2 numbers are not comparable due to divestment of RMC business.

Buy Tech Mahindra for a target price of Rs 966.Tech Mahindra reported a healthy dollar revenue growth of 5.5% qoq and strong rupee revenue growth of 9.3% qoq aided by the rupee depreciation. The non-BT (non-British Telecom) revenues grew by robust 15.5% qoq in rupee terms while the BT account grew by 5.9% qoq. Within the BT account, revenues under the USD 1 billion BTGS deal grew 36% qoq (Rs 1026 million v/s Rs 754 million) with the project having successfully transitioned to the ramp-up mode over the last few quarters.

buy Bharat Heavy Electricals with a 12-month target price of Rs 2058. Revenue increased 34% YoY to Rs 43.3 billion, beating our estimate and significantly ahead of consensus expectation. 1Q revenue growth should allay some concerns on execution issues and provide more visibility to management?s FY09 revenue guidance. PAT increased 33% YoY to Rs 3.84 billion, beating our estimate as well as consensus. BHEL?s 1QFY09 results should provide comfort to significant worries regarding its execution capabilities. 1Q results increase credibility of management?s full-year revenue guidance, Buy 12-month target Rs 2058,

Buy Aban Offshore with a target price of Rs 5330. Aban offshore?s Q1FY09 excellent performance was overshadowed by the negative surprises in the FY2008 consolidated numbers. The FY2008 preexceptional consolidated net profit after minority interest Rs 3.8 billion was 17% lower than our expectation (Rs 4.5 billion). The reported net profit of Rs 1.2 billion includes Rs 1.9 billion of exchange differences on reinstatement of foreign currency debt and Rs600mn impairment of assets.

Emkay Global Financial Services has maintained its buy rating on Maruti Suzuki India with a revised target price of Rs 775 in its July 22, 2008 research report. "For 1QFY09, Maruti reported adjusted net profits of 4.8 billion (ahead of market expectation) primarily driven 41% YoY increase in treasury income. However, 1QFY09 operating performance was below expectation."

Emkay Global Financial Services has maintained its buy rating on Maruti Suzuki India with a revised target price of Rs 775 in its July 22, 2008 research report. "For 1QFY09, Maruti reported adjusted net profits of 4.8 billion (ahead of market expectation) primarily driven 41% YoY increase in treasury income. However, 1QFY09 operating performance was below expectation."

Emkay Global Financial Services has maintained its buy rating on Maruti Suzuki India with a revised target price of Rs 775 in its July 22, 2008 research report. "For 1QFY09, Maruti reported adjusted net profits of 4.8 billion (ahead of market expectation) primarily driven 41% YoY increase in treasury income. However, 1QFY09 operating performance was below expectation."

Accumulate Asian Paints with a target price of Rs 1275 . For 1QFY2009, Asian Paints (APL) posted a robust Topline growth of 29.3% yoy to Rs 1,242 crore (Rs 961 crore) on a consolidated basis, which was significantly ahead of our estimates of 17.8% growth to Rs 1,131 crore. Asian Paint?s consolidated Earnings for the quarter grew 29.6% yoy to Rs 106.2 crore (Rs 81.9 crore) on a reported basis (after Minority Interest) ahead of our estimates of a 17% growth to Rs 96 crore.

Buy Sesa Goa with a target price of Rs 4790. Sesa Goa reported strong Q1 FY09 results, with a topline growth of 147.3% yoy to Rs 12.8 billion. The growth in revenue was mainly driven by a surge in iron ore realisations and iron ore sales volume. On an annualized basis, the profit translates into an EPS of Rs 643 per share. At the CMP of Rs 3302, the stock is trading at 5.2x FY09E annualized earnings.

pls give me one week target this stock.

Welspun Gujarat Stahl Roh has declared its first quarter results. The company's Q1 net profit at Rs 71.1 crore. Its net sales were at Rs 1,090 crore. Key takeaways from Welspun Gujarat Stahl Rohren Limited concall: * The company has order book of Rs 7200 crore. * Interest cost has risen due to the loan borrowed for down stream projects. * The company has liquid assets in terms of cash or cash equal worth Rs 1000 crore. * The company has total inventory of Rs 54 thousand ton. * Raw material and energy cost has increased. * Company's US plant will be fully operational in November or December. * It export more than 90% of its output. * It is planning to invest Rs 800 crore this year.

Maruti Suzuki India has declared its first quarter results. The company's Q1 net profit was down 6.8% at Rs 465 crore versus Rs 499 crore. Its net sales were up 20.4% at Rs 4730 crore versus Rs 3930 crore. Its other income was at Rs 328 crore versus Rs 223 crore. Its OPM was at 9.75% versus 14.62% YoY. Its forex loss of Rs 13.9 crore; Hedging Loss reserve of Rs 134.58 crore. Its depreciation was at Rs 166 crore versus Rs 82.2 crore Year Ago. Its raw material costs was up at Rs 328 crore versus Rs 223 crore.

EBIDTA margin was 22.6% versus 27% Forex 7.48 crore MTM losses Rs 9 crore Other income 6.33 crore Current Tax is negative 5 lakh PAT was at Rs 8.02 crore, decreased 49% versus same quarter last year Product revenue Rs 57 crore Order book is at Rs 322 crore Company has two large clients in Japan ans Singapore As on June 30, Hedge amount was USD 42.47 million at Rs 41.13 This quarter company planning most probably will be fresher Value for new project USD 6 million Q1FY09 salaries increase is 15% Rs 4 crore for offshore employees Sequential company has de-growth Debtors Rs 71.4 crore, 78 days Cash in hand Rs 93 crore against Rs 94 crore last year

Chennai Petroleum Corporation has declared its results for the quarter ended June 2008 (Q1). The company's net profit was at Rs 703.27 crore versus Rs 323 crore. The company's Q1 net sales were at Rs 11,253 crore versus Rs 6,221 crore.

Sona Koyo Steering Systems has announced its results for the quarter ended June 2008 (Q1). The company incurred a net loss of Rs 1.6 crore versus net profit of Rs 8 crore on YoY basis.

Buy Satyam Computer Services with a one-year target price of Rs 440. Satyam reported a strong 8.5% qoq rupee growth aided by 6.7% rupee depreciation during the quarter. On comparing the actual revenues to the guidance after re-basing at Rs 40 (assumed rate for Q1 guidance), it is clear that company has missed the guidance by 1.2-1.7%. Other income was surprisingly higher 44% qoq due to lower than expected forex loss of Rs 363 million reported by the company. This, along with marginally lower tax provision, led to a net profit jump of 17.3% qoq.

Buy Sintex Industries. Sintex industries have reported 111.6% and 71.4% growth in total income and net profits respectively on account of 209% increase in other income. However its EBITDA margin has declined by 600 basis point on YOY basis.The company has witnessed pressure on margins in Q1FY09, however targets 60- 65% growth in its top line for FY09 with 18-19% EBITDA margin. It is sitting on the cash of around Rs 1700 cr to 1800 Cr.The Company is looking for an inorganic growth and expanding its business via acquisitions. It is expected to complete a big acquisition by December 08. It has also lined up capex of USD 45 million for the prefab business and USD 180 million for monolithic business over FY09-10.

Accumulate Bongaigaon Refineries and Petrochemicals. BRPL's refinery at Assam is processing crude available from the oil fields of ONGC and OIL located in the North-East India and Ravva crude oil from the Krishna-Godavari basin off the coast of Andhra Pradesh. The company had a total capacity of 2,350,000 MT Crude Throughput: 30000 MT of Polyster Staple Fibre and 90500 MT of Petrochemicals.

Buy Gateway Distriparks (GDL) with a target price of Rs 132. Gateway Distriparks Ltd (GDL) is expected to report revenue growth of 85.3% YoY (QoQ growth of 7.2%) to Rs 895.6 million, considering the upside from new business in rail logistics and cod chain business along with acquisition of CFS from Punjab Conware. The other income is expected to decline by 47.9% YoY to Rs 33 million mainly on account of decline in interest income from the surplus cash. Overall, consolidated profit is expected to decline by 11.7% YoY to Rs 164 million, translating into EPS of Rs 1.42."

Buy TCS for target 1090 for few months with SL 730 now hurryyyyyyy

Buy Canara Bank with a target price of Rs 278. In 1st Q FY09, we expect the bank would report marginal growth of 3.1% (Y-o-Y) in NII to Rs 9.2 billion; flat growth in NII would be due to higher cost of funds; higher proportion of whole-sale deposits would dent NII growth. Also lower yield on advances and decline in CASA share would lead to pressure on net interest margin.estimated operating profit to record 6.0% growth (Y-o-Y) to Rs 6.48 billion. We estimate that in FY2009, Canara Bank's net profit would de-grow by 2.7% to Rs 15.2 billion compared to Rs 15.6 billion in FY2008 therefore considering the bank's financial performance the stock may not give required return.

Buy Punjab National Bank with a target price of Rs 666. In 1st Q FY09, we expect that the bank's advances and deposits would grow by around 18% each (Y-o-Y); the bank's NII would grow by 15% (Y-o-Y) to Rs 15.85 billion. PNB's operating profit would record healthy growth of 12% (Y-o-Y) to Rs 10.5 billion due to marginal increase in operating overheads during the quarter.

buy Wipro for a target price of Rs 477. Wipro in 1QFY2009 recorded a decent 5.6% qoq growth in Top-line. This was driven primarily by impressive pricing-related increases, as also the Rupee depreciation witnessed during the quarter. Despite the Margin expansion witnessed this quarter, Wipro?s Bottom-line grew by 3% qoq, slower than the growth in EBITDA. This was on account of lower Other Income (down 17.9% qoq), higher Interest Costs (up by as much as 65.2% qoq) and higher Taxes paid (Effective Tax Rate of 14.5% v/s 13.8% in 4QFY2008). Wipro recorded forex losses to the tune of Rs 69.7 crore in 1QFY2009.

RNRL is very bearish at this level so away from this stock for a while and if one want to buy then buy with strict stoploss of Rs. 59

buy unitech for target price of Rs. 160 in few days only SL 143

Buy on Colgate Palmolive (India) with a target price of Rs 400. Colgate?s 1QFY09 results beat our expectation, with sales up 16% YoY (our estimate: 14%) and earnings up 18% (14% estimated). Volume growth accelerated to 11.5% YoY, the strongest since 3QFY07."

Buy on HDFC with target price of Rs 2400.HDFC posted 35% growth in its net interest income for Q1FY09 to Rs 6.6billion. Growth was backed by 31% YoY growth in loan book to Rs 773 billion and 4bps improvement in spreads to 2.26%. However, NII growth was slightly below our estimates due to faster rise in deposit costs, up 17.7% YoY and 32.7% QoQ. Treasury income was nil during Q1FY09. Both these factors mainly resulted in reported earnings being lower by 7% at Rs 4.7billion against our estimate of Rs 5.1 billion. At current valuations, HDFC is trading at 3.6x and 3.2x its book value for FY09E and FY10E respectively.

Buy Praj Ind. for 12-months at current price with target price of Rs.230 Praj Industries Ltd (PIL) is in the business of design, manufacture, supply and commissioning of fermentation and distillation equipment for manufacture of alcohol, using latest continuous fermentation technology.The subsidiaries of PIL are Pacecon Engineering Projects Ltd, Praj Far East Pte Ltd, Yaan eSites Ltd and Process IT LLC. PIL has been awarded ISO Certification from TUV Cert, for its hi-flux range of plate heat exchangers.The company has made diversification in the areas of Dairy plant & equipment, fruit processing and bio-technology.The company was awarded ISO 9002 during 2000 for its manufacturing facility.The order-book stood at Rs 950 crore, with orders from all geographies including a recent $25-million order for two greenfield plants for Pantaleon ? one of the largest sugar groups in Central America ? in Guatemala. Around 60% of the order book comprises international orders, which is equally distributed between Europe, US and South East Asia. About 15% of the order book is for brewery plants. Out of the balance, 60% is for ethanol plants using grain feedstock and the rest for plants using non-grain feedstock. Non-grain feedstock includes sweet sorghum.

Buy Praj Ind. for 12-months at current price with target price of Rs.230 Praj Industries Ltd (PIL) is in the business of design, manufacture, supply and commissioning of fermentation and distillation equipment for manufacture of alcohol, using latest continuous fermentation technology.The subsidiaries of PIL are Pacecon Engineering Projects Ltd, Praj Far East Pte Ltd, Yaan eSites Ltd and Process IT LLC. PIL has been awarded ISO Certification from TUV Cert, for its hi-flux range of plate heat exchangers.The company has made diversification in the areas of Dairy plant & equipment, fruit processing and bio-technology.The company was awarded ISO 9002 during 2000 for its manufacturing facility.The order-book stood at Rs 950 crore, with orders from all geographies including a recent $25-million order for two greenfield plants for Pantaleon ? one of the largest sugar groups in Central America ? in Guatemala. Around 60% of the order book comprises international orders, which is equally distributed between Europe, US and South East Asia. About 15% of the order book is for brewery plants. Out of the balance, 60% is for ethanol plants using grain feedstock and the rest for plants using non-grain feedstock. Non-grain feedstock includes sweet sorghum.

Buy GAIL for target price Rs.525 in 12 months. GAIL (India) is India?s largest natural gas transmission company, operating a gas pipeline network of over 4600 kms across India. The company dominates the gas sector, transporting 90% of the total gas transported through pipeline in India. The natural gas pipeline projects, in the Vijaipur-Dadri-Bawana pipeline for which the estimated investment of Rs. 5,492 crore, GAIL is aiming for completion of this project by June 2009 and the compressors commissioning by June 2010. On completion, the capacity of Dahej- Vijaipur-Dadri pipeline would reach 78 MMSCMD. The Chainsa-Jhajjar pipeline for which the estimated investment is of Rs. 536 crore is also aimed to be completed by September 2009. The capacity of this pipeline is 35 MMSCMD. Further, the KG Basin loop line project and Reliance pipeline connectivity project at KG basin, Gujarat and Maharashtra are about to be completed. Recently, the government has permitted Gail for city gas distribution projects in 230 cities across the country. The new gas pipeline policy announced in Dec 2006 and the 10-year tax holiday proposed for gas pipelines in the recent budget would benefit the company in the long run. SO one can buy

GE Shipping is up by 3% to Rs354.25 after the company announced Q1 results with a net profit at Rs5.21bn(excluding exceptional items) and net profit at Rs3.88bn(including exceptional items). The total income for the first quarter is at Rs 9.92bn.

Buy nectar lifescience at current level Rs. 295 Trgat 400-430 in few months SL Rs.240

Keep buying on Jubilant Organosys with a 12-month target price of Rs 450. Jubilant Organosys' Q1FY09 revenue was marginally above estimates on the sales front driven by higher-than-expected growth in the Industrial and Performance Products (IPP) segment. IPP sales came in at Rs 3 billion, a 28% growth YoY driven by higher price realisations. The quarter also witnessed strong growth in CRAMS and inflows from Draxis Health which was acquired in May 2008 for USD 255 million.Exchange losses of Rs 1 billion on restatement of foreign currency borrowings resulted in a 90% decline in PAT to Rs 128 million as against our estimate of Rs 651 million.

As per Indian GAAP, Wipro has reported a consolidated net profit of Rs9.08bn versus Rs8.72bn in the previous quarter. This translates into a sequential growth of 4.2% and a Year on Year (YoY) growth of 25%. Revenue for the quarter are Rs59.67bn as against Rs57bn, reflecting a Quarter on Quarter (QoQ) growth of about 5%. IT Services Revenue in dollar terms was US$1.07bn, a sequential growth of 3.5%, and marginally better than the company's guidance of US$1.06bn. In rupee terms, revenue stood at Rs44.05bn, a YoY growth of 39%.

UltraTech Cement is to decalre its Q1FY09 results. Its net sales are seen up at Rs 1480 crore versus Rs 1365 crore. Its OPM aer expected at 29.3% versus 31.8%. Its PAT seen down 7% at Rs 241 crore versus Rs 259 crore. Ultratech * Net sales to be driven by 8% YoY (1-2% QoQ) higher realizations at Rs 3165/ton * Strong growth in RMC business (130% YoY) * Slight decline in volumes expected due to ban on exports for part of the quarter * Slight realizations improvement on account of improvement of product and market mix * Ban on exports and lack of sufficient grinding capacity would lead to a decline in clinker sales (by 60%) * Domestic dispatches are expected to grow by 5% * Cost uptick (in form of energy and freight cost) would be slightly diluted by better realizations * Higher depreciation and interest cost (on account of new capacity) would result in 7% decline in PAT

Guidance FY09 US GAAP revenue seen at USD 2.65-2.69 billion. FY09 Indian GAAP revenue seen at Rs 11,181-11,363 crore. Q2 US GAAP revenue seen at USD 645.6-651.9 million. FY09 EPS seen at Rs 31.83-32.35. Q2 EPS seen at Rs 7.71-7.78. Dollar guidance maintained. Rupee guidance hiked for rupee alone. Revenues guidance increased to 32-34.1% to Rs 11181 -11363 crore. Revenues EPS increased to 26.1- 28.2% to Rs 31.8 -32.35.

Satyam has announced its Q1 FY09 results. It's net profit was up 17.3% at Rs 548 crore versus Rs 467 crore (QoQ). The net sales was up 8.5% at Rs 2,620.8 crore versus Rs 2,416 crore (QoQ). The company's other income was at Rs 33.12 crore. Its BPO revenue was at Rs 49 crore. The company's Q1 OPM were at 24.1% versus 22.79%.

One can buy Axis Bank- target price of Rs 790. Axis Bank's Q1FY09 results have surpassed our estimates primarily on the strength of higher loan growth and robust non-interest income. NII expanded 93% YoY to Rs 8.1 billion, driven by increased asset growth as advances and deposits swelled 48% and 46% respectively. In another key positive, fee income surged 80% YoY during the quarter to Rs 4.8 billion, aiding net profit growth of 89% to Rs 3.3 billion.

Buy on Tanla Solutions with a target price of Rs 360 .Tanla Solutions? Q1FY09 numbers were above our estimates, especially topline, which grew at 16.2% sequentially to Rs 1,669 million. EBITDA for the quarter grew 15.7% sequentially to Rs 804 million, with margins sliding slightly (20bps) to 48.2%. Net profit grew by 12.8% QoQ to Rs 564 million."