The announcement was made after market hours on Tuesday, 28 December 2010.
Meanwhile, the BSE Sensex was up 64.70 points, or 0.32% to 20,090.12
On BSE, 9.09 lakh shares were traded in the counter
The stock hit a high of Rs 96.25 and low of Rs 92.80 so far during the day. The stock had hit a 52-week high of Rs 187.05 on 8 February 2010 and a 52-week low of Rs 72.10 on 20 December 2010.
The company has an equity capital of Rs 34.05 crore. Face value per share is Rs 10.
Bartronics Indias shareholders at an annual general meeting held on 28 December 2010 approved raising funds through global depository receipts or American depository receipts or foreign currency convertible bonds or foreign currency exchangeable bonds, or any such instrument.
Bartronics Indias consolidated net profit declined 53% to Rs 16.54 crore on 28.20% rise in net sales to Rs 224.09 crore in Q2 September 2010 over Q2 September 2009.
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Wednesday, December 29, 2010
Gayatri Projects builds on new order win 29/12/2010
Shares of Maytas Infra surged 4.16% to Rs 185.10.
Gayatri Projects announced the new order win during trading hours today, 29 December 2010.
Meanwhile, the BSE Sensex was up 91.55 points, or 0.46%, to 20,116.97.
On BSE, 36,184 shares were traded in the counter compared with average volume of 28,698 shares over the past two weeks.
The stock hit a high of Rs 339 and a low of Rs 320.40 so far during the day.
Gayatri Projects net profit rose 6.7% to Rs 11.74 crore on 12% rise in net sales to Rs 280.48 crore in Q2 September 2010 over Q2 September 2009.
Gayatri Projects announced the new order win during trading hours today, 29 December 2010.
Meanwhile, the BSE Sensex was up 91.55 points, or 0.46%, to 20,116.97.
On BSE, 36,184 shares were traded in the counter compared with average volume of 28,698 shares over the past two weeks.
The stock hit a high of Rs 339 and a low of Rs 320.40 so far during the day.
Gayatri Projects net profit rose 6.7% to Rs 11.74 crore on 12% rise in net sales to Rs 280.48 crore in Q2 September 2010 over Q2 September 2009.
Ambuja Cements allots equity shares 29/12/2010
The committee of Ambuja Cements in its meeting on 17 December 2010 has allotted 3,000 equity shares of face value of Rs. 2 each out of the shares kept in abeyance in the rights issue of 1992.
Further, the committee has allotted 11,77,200 equity shares on exercise of the stock options by the employees under ESOS.
Further, the committee has allotted 11,77,200 equity shares on exercise of the stock options by the employees under ESOS.
Opto Circuits (India) to announce Q3 results 29/12/2010
The board meeting of Opto Circuits (India) will be held on 18 January 2011 to consider the un-audited financial results of the company for the quarter ending 31 December 2010 (Q3).
KPIT Cummins spurts after bulk deal 29/12/2010
Meanwhile, the BSE Sensex was up 44.86 points, or 0.22% at 20,070.28
A bulk deal of 7.94 lakh shares was executed on the KPIT Cummins Infosystems stock at Rs 144.30 per share at 09:18 IST on the BSE.
On BSE, 9.44 lakh shares were traded in the counter. The stock hit a high of Rs 148.95 and a low of Rs 142.95 so far during the day.
KPIT Cummins Infosystems consolidated net profit rose 22.67% to Rs 23.75 crore on 13.98% increase in net sales to Rs 234.95 crore in Q2 September 2010 over Q1 June 2010.
A bulk deal of 7.94 lakh shares was executed on the KPIT Cummins Infosystems stock at Rs 144.30 per share at 09:18 IST on the BSE.
On BSE, 9.44 lakh shares were traded in the counter. The stock hit a high of Rs 148.95 and a low of Rs 142.95 so far during the day.
KPIT Cummins Infosystems consolidated net profit rose 22.67% to Rs 23.75 crore on 13.98% increase in net sales to Rs 234.95 crore in Q2 September 2010 over Q1 June 2010.
Tuesday, December 28, 2010
Surya Pharmaceutical acquires ActivOn 28/12/2010
Surya Pharmaceutical has acquired ActivOn, a leading OTC analgesic drug brand in the USA, with global marketing rights. The brand comes with the acquisition of Ameshire Investment Corp, USA through its 100% subsidiary based out of Singapore. The company has funded the investment of US$ 22 million through a mix of internal accrual and debt financing from EXIM Bank.
ActivOn is a leading OTC analgesic brand in the topical analgesic category in the US market, It is used to provide relief of joint and muscle pain associated with arthritis, backache, strains, bruises and sprains. Through the acquisition, the company also adds to its portfolio brands namely, Preferon, Firston and Renewin. The company would also have the global marketing rights for Headon another leading brand, except USA.
The company made this announcement during the trading hours today, 28 December 2010.
ActivOn is a leading OTC analgesic brand in the topical analgesic category in the US market, It is used to provide relief of joint and muscle pain associated with arthritis, backache, strains, bruises and sprains. Through the acquisition, the company also adds to its portfolio brands namely, Preferon, Firston and Renewin. The company would also have the global marketing rights for Headon another leading brand, except USA.
The company made this announcement during the trading hours today, 28 December 2010.
Lanco Infratech gains on plans to hive off power business 28/12/2010
Meanwhile, the BSE Sensex was up 6.43 points, or 0.14%, to 20,035.36.
On BSE, 1.60 lakh shares were traded in the counter compared with the average volume of 6.54 lakh shares in past one quarter.
The stock hit a high of Rs 64.70 and a low of Rs 62.80 so far during the day. The stock had hit a 52-week high of Rs 74.70 on 24 August 2010 and a 52-week low of Rs 40.80 on 5 February 2010.
The large-cap stock had underperformed the market over the past one month till 27 December 2010, rising 1.72% compared with the Sensexs return of 4.66%. It had also underperformed the market in past one quarter, declining 9.06% as against 0.44% fall in the Sensex.
The company has an equity capital of Rs 240.78 crore. Face value per share is Re 1.
As per reports, Lanco Infratech has an operational power generation capacity of 2,100 megawatts (MW) under eight special purpose vehicles (SPVs). It plans to raise its capacity to 4000 MW by 2011 and subsequently to 15000 MW by 2015, reports added.
Lanco Infratech is primarily into power and road projects with the power business currently accounting for over half of the companys revenue.
Lanco Infratechs consolidated net profit declined 42.5% to Rs 70.45 crore on 6% rise in net sales to Rs 2041.74 crore in Q2 September 2010 over Q2 September 2009.
On BSE, 1.60 lakh shares were traded in the counter compared with the average volume of 6.54 lakh shares in past one quarter.
The stock hit a high of Rs 64.70 and a low of Rs 62.80 so far during the day. The stock had hit a 52-week high of Rs 74.70 on 24 August 2010 and a 52-week low of Rs 40.80 on 5 February 2010.
The large-cap stock had underperformed the market over the past one month till 27 December 2010, rising 1.72% compared with the Sensexs return of 4.66%. It had also underperformed the market in past one quarter, declining 9.06% as against 0.44% fall in the Sensex.
The company has an equity capital of Rs 240.78 crore. Face value per share is Re 1.
As per reports, Lanco Infratech has an operational power generation capacity of 2,100 megawatts (MW) under eight special purpose vehicles (SPVs). It plans to raise its capacity to 4000 MW by 2011 and subsequently to 15000 MW by 2015, reports added.
Lanco Infratech is primarily into power and road projects with the power business currently accounting for over half of the companys revenue.
Lanco Infratechs consolidated net profit declined 42.5% to Rs 70.45 crore on 6% rise in net sales to Rs 2041.74 crore in Q2 September 2010 over Q2 September 2009.
Gujarat NRE Coke allots equity shares & warrants 28/12/2010
The committee of Gujarat NRE Coke in its meeting on 27 December 2010 has allotted 6 crore convertible warrants to promoters/ promoter group company on preferential/ private placement basis at Rs. 62.50 per share.
Further, the committee has allotted 1,02,525 equity shares of Rs. 10 each and 10,252 B equity shares of Rs. 10each (towards bonus) under Employee Stock Option Scheme, 2005.
Consequently, the paid-up capital of the company has increased from Rs. 557.86 crore to Rs. 557.97 crore.
Further, the committee has allotted 1,02,525 equity shares of Rs. 10 each and 10,252 B equity shares of Rs. 10each (towards bonus) under Employee Stock Option Scheme, 2005.
Consequently, the paid-up capital of the company has increased from Rs. 557.86 crore to Rs. 557.97 crore.
BF Utilities extends gains on signing Rs 500-crore FDI for unit 28/12/2010
The announcement was made after market hours on Friday, 24 December 2010. Boosted by the announcement, the stock had jumped 7.65% to Rs 908.90 on Monday, 27 December 2010.
Meanwhile, the BSE Sensex was up 28.14 points, or 0.14%, to 20,057.07
On BSE, 2.92 lakh shares were traded in the counter as against an average daily volume of 1.68 lakh shares in the past one quarter.
The stock hit a high of Rs 940 and a low of Rs 906 so far during the day. The stock had hit a 52-week high of Rs 1431.80 on 7 January 2010 and a 52-week low of Rs 652 on 10 December 2010.
The mid-cap firm has an equity capital of Rs 18.83 crore. Face value per share is Rs 5.
On Friday, 24 December 2010, BF Utilities said the board of directors of the company and its subsidiary Nandi Economic Corridor Enterprises (NECE) have approved the proposal and signed definitive agreements for raising funds through a potential issue of equity shares and compulsory convertible preference shares for a minority stake in NECE.
The objective of the fund raising is to augment NECEs equity resources required for part financing the project cost for the implementation of phase I of the Bangalore Mysore Infrastructure Corridor Project, BF Utilities added.
BF Utilities net profit fell 19% to Rs 2.48 crore on 7.90% decline in net sales to Rs 8.59 crore in Q4 September 2010 over Q4 September 2009.
Meanwhile, the BSE Sensex was up 28.14 points, or 0.14%, to 20,057.07
On BSE, 2.92 lakh shares were traded in the counter as against an average daily volume of 1.68 lakh shares in the past one quarter.
The stock hit a high of Rs 940 and a low of Rs 906 so far during the day. The stock had hit a 52-week high of Rs 1431.80 on 7 January 2010 and a 52-week low of Rs 652 on 10 December 2010.
The mid-cap firm has an equity capital of Rs 18.83 crore. Face value per share is Rs 5.
On Friday, 24 December 2010, BF Utilities said the board of directors of the company and its subsidiary Nandi Economic Corridor Enterprises (NECE) have approved the proposal and signed definitive agreements for raising funds through a potential issue of equity shares and compulsory convertible preference shares for a minority stake in NECE.
The objective of the fund raising is to augment NECEs equity resources required for part financing the project cost for the implementation of phase I of the Bangalore Mysore Infrastructure Corridor Project, BF Utilities added.
BF Utilities net profit fell 19% to Rs 2.48 crore on 7.90% decline in net sales to Rs 8.59 crore in Q4 September 2010 over Q4 September 2009.
Tuesday, December 14, 2010
INDIAN ADRS UPDATE 14/12/2010
INFOSYS Up 0.69 (0.99%), WIPRO Down 0.13 (0.89%), ICICI BANK Up 0.25 (0.51%), HDFC BANK Down 0.85 (0.51%), MTNL Down 0.07 (2.83%)
BANKNIFTY FOR SUPPORT 14/12/2010
BANKNIFTY (2nd Resistance) 11794.97
(1st Resistance) 11683.23
Pivot point 11488.27
(1st Support) 11376.53
(2nd support) 11181.57
(1st Resistance) 11683.23
Pivot point 11488.27
(1st Support) 11376.53
(2nd support) 11181.57
NIFTY FOR SUPPORT 14/12/2010
NIFTY (2nd Resistance) 6093.15
(1st Resistance) 6013.05
Pivot point 5904.9
(1st Support) 5824.8
(2nd support) 5716.65
(1st Resistance) 6013.05
Pivot point 5904.9
(1st Support) 5824.8
(2nd support) 5716.65
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