Stock Picking - Art Or ScienceStock Picking - Art Or ScienceI have created this Blog to help those who do not have access to good Stock Analysts and would like to Invest in Indian Stock Markets. There is a lot of money to be made by investing in Indian Companies. This Blog will help identify good companies in
Articles:
1, 2
Articles
Multibagger Stock Idea - Asian Electronics
2008-01-16 04:53:00 A very good stock and I Strongly recommend an entry into Asian Electronics .I also sincerely apologise for not updating my blog frequently as I am very busy nowadays. More About: Stock , Idea
Suven Life Sciences - Patent Granted
2007-12-27 15:26:00 Suven Life Sciences Ltd on December 27, 2007 has announced that the US Patent office has granted Product Patent # US 7,297,711 to Suven. This is Suven's first product patent granted in USA. The granted claims of the patent include the class of selective Serotonin receptor affinity compounds discovered by Suven and are being developed as therapeutic agents. According to the invention '711 patent disclosure, the compounds are useful in the treatment of neuro-degenarative disorders like Alzheimer's Parkinson, Schizophrenia and Huntington's.Suven has so far filed 29 product patent applications through PCT covering more than 145 countries, out of which 5 patents are granted in various countries. There are several other patent applications from Suven Discovery Research are in the pipeline that have completed the administrative and technical diligence from the patent offices from major countries and would be granted shortly.Suven has filed its first Investigational New Drug (IND) appli...
New Stock Ideas - Strong Buy
2007-12-25 07:03:00 Buy following stocks for decent gains. Although, I don't think that they can be multibaggers but I recommend Strong Buy.PNB GiltsGreaves CottonNovartisAnkur DrugsAsian Granito More About: Ideas , Stock
Jagran & Network18 Comes Together
2007-12-19 17:31:00 Jagran & TV18 To Launch Hindi Business DailyJagran Prakashan Ltd has informed BSE that Netwotk18, India's leading media conglomerate and the Company, one of India's most acclaimed print majors & publisher of India's largest read daily 'Dainik Jagran' have announced a 50:50 joint venture initiative in the business print space. The primary mandate of this JV will be to launch a Hindi business daily for the Indian market in 2008. Subsequently, this will be followed by other Indian language dailies focused on financial and economic news.This JV will in effect create a new category of local language business dailies within the India print space, as this will be the first Hindi business paper to hit the market nationally. This venture also marks an expansion of print offerings from Network 18 into the dailies space, post the recent announcement of its magazine publishing arrangement with Forbes media and ownership control of Infomedia, India’s leading publishers in the B2B ...
Gitanjali Gems - Ties Up With Italian Company
2007-12-19 17:20:00 Gitanjali Gems - MoU With Mariella Bitrani Fashion Group, ItalyGitanjali Gems Ltd has informed BSE that the Gitanjali Lifestyle Ltd (GLL), a wholly subsidiary of the Company is signing a Memorandum of understanding (MoU) with Mariella Burani Fashion Group (MBFG) of Italy to form a Joint Venture in India by way of incorporation of a new Company. The proposed new Company will be jointly controlled by GLL and MBFG.The Objective of the proposed joint venture is to significantly drive growth of MBFG's brands in emerging markets, particularly the Mariella Burani, Baldinini, Rosato, Calgaro and Facco collection in the Far East by capitalising on the expertise contributed by the respective partners. GLL will develop an extensive distribution network which is expected to include 32 monobrand and boutiques and 132 shop in exclusive multi-brands retailers. The Company will provide production, marketing, logistics and distribution expertise based on its extensive know-how of the Indian Market ... More About: Italian , Ali G
Ramco Systems - Gaining Ground
2007-12-17 14:26:00 Ramco Systems - To Expand Aggressively Into The Retail SegmentRamco Systems Ltd has announced that the Company has strengthened its position in retail segment by providing comprehensive applications and IT solutions with key orders from leading US based handcrafted Chocolatier Bissinger's, Subhiksha - India's largest supermarket pharmacy & telecom chain & Dutyfree Distribution Services Pvt Ltd - the supply chain Company based at SEZ Cochin.Commenting on the success, Mr. Chetan Pathak, VP Enterprise Solutions, Ramco Systems, said, "Ramco is delighted to expand aggressively into the retail segment. In today's competitive scenario we provide retailers with a solution that further enhances their operational efficiency & reduces costs."Ramco offers development, delivery and implementation of Web Services to the technology backbone of Subhiksha's proposed e-commerce portal merchandise management solutions to Dutyfree Distribution Services Pvt Ltd and a complete package of ... More About: Ground , Gaining
Micro Technologies - Too Fast Too Furious
2007-12-13 14:38:00 Micro Tech Awarded "Deloitte Technology Fast 500 Asia Pacific, 2007"Micro Technologies India Ltd has announced that the Company has been chosen as one of the "Deloitte Technology Fast 500 Asia Pacific, 2007" by the Deloitte Touche Tohmatsu and was awarded as one amongst the fastest growing Companies for its technology and revenue growth in field of Security and Life support solutions. Deloitte Touche Tohmatsu is an organization of member firms around the world devoted to excellence in providing professional services and advice, focused on client service through a global strategy executed locally in nearly 140 countries.The Company has also been profiled as one of the top IT innovators - 2007 by NASSCOM. The Company made innovation an important part of their growth strategies and the Company have managed to stand out and differentiate themselves in highly competitive, often adverse market conditions and carved a niche for themselves using breakthrough technological products and novel... More About: Micro , Furious
Jagran Prakashan - Joins Hands With Yahoo
2007-12-05 15:29:00 Jagran & Yahoo Come Together To Launch Hindi PortalJagran Prakashan Ltd has informed BSE that Yahoo! India and the Jagran Group jointly announced the launch of a new co-branded Hindi news and current affairs Internet property. The new property will seamlessly integrate the largest Hindi content of Jagran with Yahoo! India's formidable online presence.This pioneering agreement brings together India's number one Internet brand and a leading Indian newspaper conglomerate to provide the best of both online services and print media content for users and advertisers.The partnership will create a richer online Hindi user experience, with Jagran's original content across news, current affairs, sports, entertainment and other features. It will be complemented with Yahoo!s innovative, user-focused internet products and services offered in seven Indian languages, including Yahoo! Search, Mail and Messenger.Under the terms of the agreement, Jagran and Yahoo! India will share graphical an... More About: Hands
Apologies For Not Updating The Blog
2007-12-01 09:21:00 Dear Readers,I sincerely apologise for not updating my blog in recent past. I was very busy because of three back to back marriages in the family and I was travelling a lot for the last two months. I, still, have a little busy schedule ahead but I promise to resume frequent blogging and will come up with some good & interesting stock ideas. Regards More About: Blog , Polo , Logi , Dati
Tweak Your Portfolio
2007-11-02 04:18:00 Nifty crossed 6000 and this blog has completed two years. If you follow Stock picking - Art Or Science and buy stocks recommended here, I suggest to raise 15-20% cash and also book loss in some of the non-performers. Also, the size of portfolio is too large for some of the investors, so in an attempt to reduce the size I am ditching some of the stocks but it is my nature to invest in maximum number of stocks. Hence, you will have to choose from the list and make your own decision.R S SoftwareRajshree SugarFederal-Mogul GoetzeEncore SoftwareBatliboiI advise to book Loss/Profit in above mentioned stocks by exiting. More About: Portfolio , Tweak
Greenply - Bumper Q2 Performance
2007-11-01 14:21:00 Greenply Industries Q2 Net SoarsGreenply Industries, a Rs 4.7 billion-worth manufacturer of plywood and laminates, on standalone basis, posted a 2.35 times jump in net profit to Rs 111.86 million, for the quarter ended September 2007, as compared with Rs 47.54 million for the same quarter, last fiscal.Net sales for the quarter increased 27.41% to Rs 1,356.32 million, compared with Rs 1,064.47 million during the corresponding quarter, previous year.Total income for the quarter also rose 29.08% to Rs 1,379.28 million, compared with Rs 1,068.50 million during the same quarter, a year ago. The diluted earnings per share (EPS) for the September 2007 quarter stood at Rs 6.58.``We are in sync with our annual target and based on our current growth performance I am confident that we are in the right direction in garnering a larger chunk of the market share,`` as per the company`s spokesperson. More About: Performance , Bumper , Perform
Amara Raja - King Of Batteries
2007-11-01 14:13:00 Amara Raja - Net Profit Up 94%Industrial and Automotive Battery major Amara Raja Batteries Limited has recorded revenues of Rs. 2597 million (Net Sales: Rs. 2562 million + other income: Rs. 35 million), PBT of Rs. 315 million and PAT of Rs. 206 million for the second quarter of FY 2007-08. For the quarter ended Sep 07 the topline has grown by 94% while PAT rose 62% as compared to the corresponding quarter of last year.Announcing the results, Mr. Jayadev Galla, Managing Director remarked that growth has been fed by good demand from the telecom, UPS and after market segments. “We have shown consistent growth over the last 10 quarters with equal contribution from both Industrial and Automotive divisions. Our expansion plans announced during the last one year are progressing as per schedule and will help to sustain this pace of growth,” he said.“Our performance on profitability demonstrates the resilience of our business model. Improved realizations and superior management of key ... More About: King , Amar
India Cements - Solid Foundation
2007-11-01 14:01:00 India Cements - Q2 Net Up Rs. 222.654 Cr.India Cements Ltd. (ICL) has reported a record profit after tax of Rs. 406.05 crore on a gross turnover of Rs. 1,737.42 crore for the half-year ended September 2007, up from Rs. 229.91 crore on a gross turnover of Rs. 1,158.75 crore during the corresponding period last year.The figures for the period under review include the financial performance of erstwhile Visaka Cement Industry, which was merged with ICL effective July 2006. The operating margin has improved to 39.7 per cent for the first half of 2007-08, up from 34 per cent in the same period last year.The record profit comes even after providing Rs. 9.37 crore towards the estimated cost of employee stock option scheme. Further, an additional Rs. 15.02 crore has been provided on account of AS (Accounting Standard) 15 issued by ICAI towards leave salary cost. The profit after tax for the quarter ended September 2007 has improved to Rs. 222.65 crore on gross sales Rs. 896.09 crore, up from... More About: India , Foundation , Solid , Dati , Soli
Ramco Systems - Joins Hands With Corbus
2007-10-10 05:12:00 Ramco Systems - Corbus & Ramco Establish Global Partnership That Enhances Business ValueRamco Systems Ltd has announced that Corbus and the Company on October 09, 2007 has announced a global partnership that significantly enhances business value delivered to its customer through improvement in their supply chain management.The two companies are committed to provide a completely integrated, world-class solution that combines technology and outsourcing expertise and offered at extremely competitive price points. The partnership places Corbus amongst few companies world-wide to offer procurement outsourcing solutions on a SOA based technology platform."Our proven technology expertise combined with procurement outsourcing experience of Corbus promises a powerful value proposition for customers seeking flexible, reliable yet cost-effective solutions" says Guru Prasad, President, Global Consulting at the Company. Source : Bombay Stock Exchange More About: Hands
Micro Tech - Providing Security To Shops
2007-10-07 07:55:00 Micro Tech nologies Launches An Innovative Shop Security SystemMicro Technologies India Ltd has announced that the Company has unveiled their new and innovative product; Micro SSS (Shop Security System) by the hands of Commissioner of Police, Navi Mumbai, Mr. Ramrao Wagh (IPS). Micro Shop Security System provides security solution to retailers and shop owners. Micro SSS can be used to secure shops and provides a beneficial solution to the rising incidence of theft and vandalism on retail premises.Micro SSS is an advanced shop security system that also uses GSM/ CDMA technology to warn its customers of various safety concerns on their premises such as unauthorized access, intrusions, power failure etc. Upon receiving information from the sensors, this system alerts the registered user of any unwanted access to their premises by sending a SMS Alert Message to their mobile phone anywhere in the world. With highest number of retail outlets in the world, India's growing retail sector is ... More About: Micro , Shops , Ovid
Jain Irrigation - Spreading Reach
2007-10-07 07:50:00 Jain Irrigation To Set Up New PlantsJain Irrigation would invest around Rs 40-50 crore to set up a pipes and drip irrigation manufacturing facility in Tamil Nadu and another in North India in the next six months.The facility in TN would entail an investment of around Rs 20 crore and will come up shortly while the one to be set up in North India would take shape in about six months’ time, Jain Irrigation’s Managing Director Anil Jain told PTI here. “This will help us to not only increase our capacity but also extend our footprint nationally,” Jain said.The Maharashtra-based Jain Irrigation had recently set up one such facility in Hyderabad at an investment of Rs 30 crore. The Rs 1,300-crore Jain group, which is also engaged in food and fruits processing, plans to set up a processing plant in North India within the next 6-9 months.“We plan to set up a plant in the agri-belt of North India. We will be identifying the location soon,” Jain said.The company already has two pro... More About: Reach , Jain
Performance Of Stocks Recommended
2007-10-01 10:24:00 Report Card For September 2007 A New Comprehensive ListWhat a joyful ride it has been since I started this blog. Well! I know that I am a Richer and Happier man but did YOU follow my blog? It has been a relatively good year for Midcaps & Smallcaps and most of my recommendations are from Mid & Small Caps basket. I am a firm believer that Midcaps with good management and fundamentally strong Balance Sheet give maximum return over a longer period of time. My faith in Peter Lynch has been reinstated again and again.It’s almost two years since I started this Blog and High Time to tweak the portfolio. Hence, The Comprehensive List has been edited with some Addition and Deletion. It also includes stocks recommended by me during the year. 3i Infotech 95.50 (Ex Bonus) ABC India 47.75 Aditya Birla Nuvo 868.30 Adlabs 340.65 Aftek Infosys 115.65 Agro Tech Foods 125.10 Alps Industries 82.00 (Ex Bonus) Amara Raja Batteries 38.60 (Ex Split) Asahi India 120.00 Ashapura Minechem 220.00 Azt... More About: Stocks , Performance , Perform
Micro Technologies - A Multibagger In The Making
2007-09-24 14:36:00 Micro Technologies Forays Into The Middle EastMicro Technologies India Ltd has informed BSE that the Company has come with an Understanding with Lazer Technology Solutions granting rights for the distribution of its selected security products in the Middle East and Egypt. It has been observed that there are fluctuations in the exchange rates but these fluctuations would not lay an impact in the net revenue of the Company and on the contrary this arrangement is expected to bring added benefit to the Company even during the current scenario.Micro Products are already growing rapidly across India. The Company has started up with the distribution in Egypt and has received an overwhelming response in the Middle East. The Company being ranked No 2 in the recently concluded GITEX Technology Week where roughly 3,300 exhibitors from 82 countries spread out over 64,000 square meters of floorspace participate In itself speaks the success story of the Company in the Middle-East. Gitex 2007 is h... More About: Micro , Logi
Suven Life Sciences - Keep Heart
2007-09-23 07:41:00 Suven, US Firm To Develop Cardiovascular DrugsHyderabad-based drug developer Suven Life Sciences will soon sign a formal agreement with a top US-based pharma company to jointly develop new drugs for cardiovascular diseases. As part of this, Suven will soon expand its drug development centre to accommodate about 500 scientists.The company already has a drug discovery alliance with another US-based drug company, Eli Lilly.“We are in talks with an MNC for drug development in the area of cardiovascular diseases and hope to sign the memorandum of understanding (MoU) within a few months. We are, now, not in a position to disclose the identity of the partner,” said Venkat Jasti, chairman and managing director.The two firms would develop drugs from the pre-clinical stage, including drug discovery, screening, identification and optimisation of potential clinical candidates.Suven will expand its drugs discovery centre in Hyderabad with an investment of $25 million. Currently, the centre e... More About: Heart
Simplex Infra - Plans To Foray Into Power Sector
2007-09-14 14:26:00 Simplex To Grow Through Power And Oil DrillingSimplex Infrastructures, one of the top-five infrastructure solutions providers in the country, plans to foray into power transmission EPC business in India and abroad. For this, it is looking for a joint venture with established companies in the field.“We are talking to a few players in India and abroad to join us as technical partners to form a joint venture. We are working on the construction of about five power plants in India and are bidding for the contracts of about 20-25 power plants coming up in India and abroad. Power and oil drilling will be a major area of growth for us in future,” said Amitabh Mundhra, director, Simplex Infrastructures.Indian manufacturers such as RPG group-promoted KEC International and Kalpatharu are already among the largest transmission EPC players in the world.The Rs 1,712 crore Simplex has an order book worth over Rs 7,000 crore, with over 25 per cent of the projects coming from the industrial infr... More About: Plans , Simplex
Gitanjali Gems - Launches Ivida Technologies
2007-09-08 07:03:00 Gitanjali Gems Launches IT CompanyGitanjali Gems, a Rs 1,250 crore jewellery company, today announced its foray in the information technology (IT) sector. The company has floated Ivida Technologies , a wholly owned subsidiary, to launch its software, technology and telecom business.The subsidiary will be essentially engaged in web development, infrastructure management and enterprise resource planning (ERP). Explaining the rationale behind the move, Sam George, director, Ivida Technologies, said, "The company intends to tap opportunities in the retail boom and the IT sector in general."He also mentioned that technology will play a key role in Gitanjali’s expansion plans as the company is looking at automating all its retail operations.Apart from addressing the IT requirements of the group company, the subsidiary will also cater to its independent clients. George said, "The company has bagged some US-based jewellery clients for the web portal operations. We are also in talks with co... More About: Logi , Ali G
Genus Overseas - Electricity Goes Pre Paid
2007-09-08 06:53:00 Genus Launches RFID Based Electric MetersGenus Overseas Electronics Ltd has announced that it has come out with a RFID based contactless smart card Pre Paid meter, which has distinct advantages over the conventional key paid based or plug in type card based Pre Paid Meters. The new developed product is in line with the 11th Power Plan recommendation on Pre Paid Meters.The new product will ensure advance revenue collection for the utilities and with the Government policies aligning to promote the concept will have a huge market potential in coming years.The pilots for the technology have already started in India and the product is getting an international acceptability. Recently Genus pre paid meters have been approved by Brazalian Utilities.Genus is providing the complete infrastructure in terms of vending station, servers and relevant software and in all probability will ensure a better revenue recovery model for Electricity Utilities.Genus is expecting very good orders for the afo...
Elder Pharma - Going To Bulgaria
2007-09-06 17:51:00 Elder Pharma Buys 51% In Biomeda Of Bulgaria Mumbai-based Elder Pharmaceuticals has acquired 51% stake in Biomeda Group in Bulgaria for euro 5 million (around Rs 28 crore) in an all-cash deal. Biomedia has a turnover in the range of euro 10-12 million.With the acquisition, Elder will see the launch of many more products in Europe. Biomeda is Elder’s second acquisition in less than 45 days. Earlier, Elder bought 20% stake in London-based NeutraHealth through subscription of shares worth about Rs 47 crore."Biomeda is an unique acquisition. It is a manufacturer of oral dosage formulations. The acquisition will provide us the right entry vehicle to enter the Bulgarian market, leveraging Elder’s robust EU product portfolio and pipeline. Elder will enjoy a pan-European presence, covering all the key markets of Europe," said Alok Saxena, director (international), Elder."The Bulgarian market's skilled labour, which has an advantage in terms of lower labour cost compared to other Europea... More About: Goin , Arma
Suashish - Diamonds Are Forever
2007-09-01 07:44:00 Suashish Diamonds Triples Its Net Profits In Q2 2007Suashish Diamonds Limited, one of India’s leading diamond and diamond jewellery manufacturing and exporting groups, declared its financial results for the 2nd quarter ending 30th June 2007.During the quarter, the company achieved a turnover of Rs.182.56 crores and tripled its PAT (profit after tax) from Rs.8.37 crores in 2006 to Rs.26.33 crores in 2007. in terms of year to date (YTD) H1, the company has also witnessed a topline growth in excess of 10% from Rs. 374.08 crores to Rs. 412.94 crores.Ashish Goenka, Managing Director of the Suashish Diamonds said, “the company has performed exceedingly well, inspite of a marginal drop in y-o-y topline, the company continues to strengthen its bottom-line. we continue to focus on driving operational efficiencies, and enhance efforts to build our proprietary business”.The decision of going downstream with higher focus on jewellery sales through retail chains and through its brand Ishi... More About: Forever
Inox Leisure - Multiplexes In Fashion
2007-09-01 07:32:00 INOX Leis ure Records 31% YoY Increase In Net ProfitFinancial Highlights: 33% YOY growth in total revenues for Q12007-08 at Rs. 54.07 crores versus Rs. 40.53 crores in the same quarter of the previous year. EBITDA for Q1 is at Rs. 17.48 crores compared with Rs. 13.56 crores in the same quarter of previous year, a growth of 29 % . PAT has increased to Rs 10.96 crores versus Rs. 8.37 crores in Q1 2007, a growth of 31% Operational Highlights: Properties under operation up to 15 in Q1 2007-08 from 11. Screens under operation up to 54 in Q1 2007-08 from 41 . Footfalls up 38% to 2968373 in Q1 2007-08 from 2153818The Board of Directors of INOX Leisure Limited (ILL) announced its results for the first quarter of the financial year 2007-2008, following its meeting on Monday, 30 July 2007 in Mumbai. For the quarter ended 30th June 2007, INOX reported a 34% increase in total revenues from Rs. 40.53 crores in 2006-07 to Rs. 54.07 crores in 2007-08.The profit after tax for the quarter ended 30th ... More About: Fashion , Fash
Jagran Prakashan - Reaching To Masses
2007-08-01 08:54:00 Jagran Prakashan Q1 Net Up 51.62%Driven by significant advertising revenue growth, Jagran Prakashan Limited (JPL), publishers of Hindi daily 'Dainik Jagran', on Friday reported a 51.62 per cent increase in its net profit for the quarter ended June 30.The company said its net profit for the period under review stood at Rs 34.71 crore against Rs 22.89 crore in the corresponding period last year.The media house's total revenues for the said quarter stood at Rs 192.27 crore, an increase of 34.69 per cent compared to Rs 142.75 crore in the last fiscal."We dedicated our efforts towards strengthening Dainik Jagran and various other initiatives. We are pretty positive about future of the media industry in general and business in particular," JPL Managing Director and Chairman Mahendra Mohan Gupta said.The steady growth in the revenue has been driven by the significant growth in advertisement revenue, which grew by 42 per cent, at Rs 126.74 crore from Rs 89.22 crore, it said, adding reven...
Jindal Stainless - Robust Performance
2007-08-01 08:48:00 Jindal Stainless June Qtr. Net Jumps 63%Jindal Stainless Ltd., India's largest stainless steel maker, on Monday reported a 63 percent rise in net profit for the quarter ended June on higher sales and cost-cutting measures, a senior official said.It reported a net profit of 826 million rupees on net sales of 11.97 billion rupees for April-June.A key factor has been the company's ability to produce cost-effective products and its flexibility to meet market requirements, Ratan Jindal, vice-chairman and managing director, said."During the quarter, we experienced diversified demand for stainless steel from both new and existing customers across key verticals and geographic markets," Jindal said. More About: Performance , Jindal , Perform
Greenply - Green Is The Colour Of Money
2007-08-01 08:40:00 Greenply Industries Q1 Net Profit Up 101%Strong sales growth across its product categories of plywood, laminate and decorative veneer helped India’s largest interior infrastructure manufacturer Greenply Industries Limited (GIL) report a revenue of Rs 116 crore for the quarter ended June 30, 2007, representing a growth of 37% over the corresponding period last year. The company had posted a revenue of Rs 84.60 crore for the quarter ended June 30, 2006.Against a net profit of Rs 4.51 crore for the quarter ended June 30, 2006, the company has posted a net profit of Rs 9.07 crore during Q1 2007-08; a growth of 101%.According to GIL Joint Managing Director Saurabh Mittal, a combination of higher capacity utilisations, rupee appreciation resulting into reduced raw material cost, benefits of excise reduction, improved product mix and visibility and buoyancy in the market had led to the improved margins.“Greenply”, he added, “has a range of products that has given us the status of a... More About: Money , Green , Colour
Yes Bank - Net Soars 114%
2007-08-01 08:31:00 Yes Bank Q1 Earnings Jump 2.13 TimesYes Bank registered a substantial 2.13 times growth in earnings for the quarter ended June 2007, helped by strong revenue growth. During the quarter, the company witnessed a rise in profit to Rs 360 million from Rs 168.8 million in the same quarter, last year.Interest earned for the quarter climbed 2.95 times to Rs 2,725.3 million, while the total income for the quarter rose 2.69 times to Rs 3,484.9 million, when compared with the corresponding quarter, a year ago.The earnings per share for the quarter climbed 2.05 times to Rs 1.29 compared with the same quarter, a year ago.During the quarter, the bank raised upper tier II debt of Rs 20 million to augment long term capital resources and to enhance the capital adequacy ratio (CAR) for successfully implementing its growth plans.Yes Bank is a private-sector bank, engaged in the business of providing corporate & institutional banking, business & retail banking and private wealth management services.
Asahi India - Class Apart In Glass
More articles from this author:2007-08-01 08:28:00 Asahi India Net Jumps 4.16 Times For Jun`07 QtrAsahi India Glass reported a phenomenal jump in net profit for the quarter ended June 2007. During the quarter, the net profit of the company went up 4.16 times to Rs 207.20 million from Rs 49.83 million in the same quarter, last year.Net sales for the quarter ended June 2007 rose 30.21% to Rs 2,250 million from Rs 1,727.94 milion during the corresponding quarter, a year ago. Total income climbed 56.92% to Rs 2,724.9 million for the quarter ended June 2007 from Rs 1,736.47 million in the same quarter, a year ago.Operating margins decreased to 0.96% during the quarter, a fall of 684.60 basis points compared with the corresponding quarter, a year ago. Net margins, on the other hand, rose to 7.60% during the quarter from 2.87% in the same period, last year. Excluding extraordinary income (expense), the net margin is estimated to be at 9.35% for the quarter.The company`s earnings per share on a trailing twelve month basis is Rs 3.62. More About: Class , Asahi 1, 2 |
 |
|
 |
