Financial Daily from THE HINDU group of publications
Friday, Jan 20, 2006
Financial Daily from THE HINDU group of publications Friday, Jan 20, 2006 |
|
|
|
|
|
|
|
Markets
-
Stock Markets Columns - Ear to the ground IVRCL rises on `buy' report
SHARES of IVRCL Infrastructures & Projects have been on the upward march after a leading brokerage firm recommended a `buy' on the stock. The company's shares rose by Rs 52.15 (6.22 per cent) on the BSE on Thursday. On the NSE, the stock rose by Rs 45.10 (5.38 per cent) to Rs 883.50, compared to Rs 838.40 earlier. The shares have risen by 11.87 per cent over a week from Rs 795.6 and by 21.98 per cent from Rs 729.65 a month back. Dealers said there has been much demand for the company's stock after it acquired orders worth Rs 480 crore in December. The total order book position has improved to Rs 500 crore from Rs 460 crore about two months back. This is excluding the three BOT road projects of Rs 1,610 crore. The brokerage firm said that it was expecting 45 per cent growth in sales and profits in IVRCL's third-quarter numbers.
Federal Bank up on EPS estimates FEDERAL Bank's shares attracted buying interest after analysts projected earnings per share of Rs 45 for 2007-08. The bank's EPS on an annualised basis grew to Rs 35.46 from Rs 12.26 for last year. Analysts said the stock could see a good upside from the current levels over the long term. On the NSE, Federal Bank closed higher by Rs 4.25 (2.34 per cent) at Rs 185.75, from Wednesday's close of Rs 181.80. The counter witnessed 6,15,902 shares changing hands. On the BSE, it closed Rs 3.85 (2.12 per cent) higher at Rs 185.65, compared to the previous close of Rs 181.80. Analysts also expect significant tax gains for the bank on its proposed acquisition of the Maharashtra-based Ganesh Bank of Kurundwad Ltd. The Kochi-based Federal Bank had reported 190 per cent jump in net profit for the third quarter to Rs 174.48 crore.
NDTV: New initiatives power surge THE NDTV stock rose by Rs 15.25 (8.12 per cent) on the BSE after a leading foreign brokerage came out with a report that the company's new initiatives would augur well. The stock touched Rs 203.05 on Thursday, compared to the previous close of Rs 187.80. The counter witnessed over 2.88 lakh shares getting traded, compared to the two-week average of 1.64 lakh. On the NSE, it rose by 8.04 per cent to touch Rs 203, compared to Wednesday's close of Rs 187.90. NDTV's regional news channel is expected to commence operations in 3-4 months and the entertainment channel should be on air in 6-9 months. Recently, the company - through its 100 per cent subsidiary NDTV News - also acquired minority stake in Radio Today, which operates FM radio channel `Red FM' in Mumbai, Delhi, and Kolkata, and tied up with Microsoft for advertisements on the MSN portal. "The success of these, particularly the entertainment and localised news ventures, and faster revenue ramp-up for NDTV Profit remain the key triggers to the stock's performance," the foreign brokerage said.
Rajesh Abraham
More Stories on : Stock Markets | Ear to the ground
Article E-Mail :: Comment :: Syndication :: Printer Friendly Page
|
Stories in this Section |
|
The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription Group Sites: The Hindu | Business Line | The Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |
Copyright © 2006, The
Hindu Business Line. Republication or redissemination of the contents of
this screen are expressly prohibited without the written consent of
The Hindu Business Line
|