STOCKS ALERT (09.08.2012)
rupeedesk
STOCKS ALERT (09.08.2012)
* ABBOTT INDIA : Apr-Jun net profit was 295.2 mln rupees against 171.0 mln rupees a year ago. Net sales were at 4.03 bln rupees against 3.51 bln rupees.
* ARVIND LTD: Company's realty arm and Tata Housing Development Co have launched phase-II of the 135-acre integrated township project in Ahmedabad.
* ASAHI INDIA GLASS: Has posted Apr-Jun consolidated net loss at 272.2 mln rupees, and net sales at 4.90 bln rupees.
* BHARTI AIRTEL: Has crossed the 200-mln-customer mark in India .
* BOMBAY BURMAH TRADING: Has approved 5-for-1 stock split.
* CAIRN INDIA : Rahul Dhir, the face of the company for the past six years, has stepped down as managing director and chief executive officer.
* COAL INDIA : Has set up an arm in South Africa to acquire coal mines overseas.
* EMAMI: Has posted Apr-Jun consolidated net profit at 466.1 mln rupees against 415.0 mln rupees a year ago. Net sales were at 3.39 bln rupees.
* GLODYNE TECHNOSERVE: Most lenders have agreed in principle to not sell the company's shares pledged with them.
* IL&FS TRANSPORTATION NETWORKS: Plans to acquire road projects that have been operational for two to three years.
* INDIAN HOTELS: A foreign exchange loss widened the company's Apr-Jun net loss to 333.60 mln rupees from 222.70 mln rupees a year ago.
* JET AIRWAYS INDIA : Could become a part of the 27-member Star Alliance --the world's largest airline alliance.
* KINGFISHER AIRLINES: Bankers and aircraft lessors to the airline have invoked around 8.35 bln rupees of corporate guarantees by its primary promoter UB Holdings. Cancelled 30 flights on Wednesday, as some of its pilots struck work over unpaid salaries.
* MAHINDRA & MAHINDRA: Is running against time to set up a new manufacturing unit as capacity at its passenger vehicle manufacturing plant in Chakan is fast reaching its peak.
* MAN INFRACONSTRUCTION: Has posted Apr-Jun consolidated net profit of 217.2 mln rupees, and net sales of 1.3 bln rupees.
* NAVNEET PUBLICATIONS INDIA : Has posted Apr-Jun net profit at 718 mln rupees and net sales at 3.58 bln rupees.
* NESCO: Has posted Apr-Jun net profit at 123.6 mln rupees, and net sales at 189.8 mln rupees.
* OIL AND NATURAL GAS CORP: Is keen to source and market liquefied natural gas, Chairman Sudhir Vasudeva has said. Has realised only $47 per barrel on the crude oil it sold in Apr-Jun, against $49 per barrel realised in the year ago period, even as its costs moved up due to a production cess in the Union Budget 2012-13 (Apr-Mar).
* PANTALOON RETAIL INDIA : Sharp rise in interest costs and lower other income coupled with a sluggish growth in revenues pulled down the net profit by 77.6% year-on-year to 227.1 mln rupees.
* POWER FINANCE CORP: Has posted Apr-Jun net profit at 9.72 bln rupees against 6.86 bln rupees last year. Tata Capital has emerged as top choice of the board of Power Finance Corp to partner the company in its proposed joint venture to launch a private equity fund.
* PROVOGUE ( INDIA ): Its de-merged arm, real estate developer Prozone Capital Shopping Centre, will list on the local stock exchanges mid-August.
* RASOYA PROTEINS: The Income Tax Department has conducted a series of raids at the premises of the company.
* TATA POWER: Has posted consolidated net profit of 1.46 bln rupees for Apr-Jun, 66% lower than the 4.30 bln rupees reported a year ago.
* TATA STEEL: Moody's Investors Service has revised the outlook on the company's Ba3 credit rating to negative from stable and also cut the rating of its European arm Tata Steel UK Holdings to B3 from B2 while maintaining the negative outlook.
* TD POWER SYSTEMS: Has posted Apr-Jun consolidated net profit at 144.93 mln rupees, and total income at 1.53 bln rupees.
* UNITED BREWERIES (HOLDINGS): Has posted Apr-Jun net profit at 13.2 mln rupees as against 18.8 mln rupees a year ago.
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