The Hindu Business Line : Sunday, November 01, 2009

India Inc manages to make profits on lower sales in Q2
BL Research Bureau Corporate India managed a strong rebound in net profit for the September quarter, but that wasn’t backed by healthy ...

SBI net rises 10% to Rs 2,490 cr on non-interest income spike
Mumbai, Oct. 31 A robust jump in non-interest income helped State Bank of India post a net profit of Rs 2,490 crore in the second quarter ended September 30, 2009, up 10 per cent compared with Rs 2,260 crore in the corresponding period last ...

Mr Har... Longer road to recovery
Capital goods. If previous bull-market favourites such as Praj Industries or Suzlon Energy were no match for your automobile, metal or mid-tier IT stocks in this rally, brace yourself for some hard facts. The engineering and capital goods stocks ...

Cos may have to separate posts of Chairman, CEO
New Delhi, Oct. 31 Companies may soon have to separate the posts of Chairman and Chief Executive Officer/Managing Director and go for a ‘one-man one-post’ ...

Hind Unilever net down 21.6% on forex loss, rejig
Operating profit, however, up 16.5%. Mumbai, Oct 31 Hindustan Unilever Ltd (HUL) has reported a 21.6 per cent drop in net profit for the quarter ended September 2009 due to mark-to-market forex losses and restructuring ...

PowerGrid plans Rs 3,000-cr follow-on offer in April/May
New Delhi, Oct. 31 Power Grid Corporation of India Ltd (PGCIL), the country’s largest electricity transmission utility, is expected to come out with a follow-on public offer (FPO) in the first quarter of the next ...

Index Outlook: The long-awaited correction
The breezy roller-coaster ride that we had expected turned in to a scary hurtle downward as the Sensex plunged 914 points last week recording the largest weekly decline in the last three months. The cut was much deeper in mid and small ...

Rural Electrification Corp: Buy
Fresh investments can be considered in the stock of Rural Electrification Corporation (REC), a navratna public sector undertaking, which finances all the segments across the power value ...

Blue Star: Hold
Blue Star shareholders can stay invested in the stock, as the company’s strong order book and leadership in the packaged air-conditioning segment promise further upside to stock returns. Sales that have slipped for two quarters in a ...

Jay Bharat Maruti: Buy
Now that sales of passenger cars are back on track, investors can consider accumulating the stock of Jay Bharat Maruti, an auto ancillary company whose single largest customer is Maruti Suzuki. Trading at Rs 47 (discounting its trailing ...

Astec Lifesciences — IPO: Avoid
Investors can refrain from subscribing to the Initial Public Offering (IPO) from Astec Lifesciences, being made to fund expansion projects for the manufacture of agrochemical and pharma ...

Kewal Kiran Clothing: Buy
Investors with a higher risk appetite and a long-term perspective can add the stock of retail player, Kewal Kiran Clothing (KKCL), based on its brand strength, superior margins, low valuations and a revival in retail spending. At Rs 207, it is ...

IDFC Imperial Equity: Invest
Long-term investments can be considered in IDFC Imperial Equity Fund considering its impressive performance in the last three ...

Index Strategy: Bear spread to play the market weakness
The steep decline in Nifty last week appears to have turned the market mood on its head, from a positive growth one to the present dilly-dallying, doubtful one. Besides, with the earnings season now behind us there is also little to speak of ...

Stock Strategy: NTPC, IDFC may cool off
NTPC (210.6): NTPC withstood this week’s sell-off. We feel the stock could take a dip if it fails to sustain the 208-210 level. In that event the stock faces next support at 195 and the next at 175. On the other hand, a ...

Chart Focus: Sobha Developers (Rs 225.1): Sell
Investors with medium-term perspective can consider selling the stock of Sobha Developers. After bottoming in March around Rs 75, the stock was on an intermediate-term uptrend till its October high of Rs 302. However, encountering ...

RCom net halves to Rs 740 cr on provisions for forex losses
Revenue, margins hit by competition and aggressive tariff rejig. Mumbai, Oct. 31 Anil Ambani-led Reliance Communications’ net profit halved to Rs 740 crore for the second quarter ended September against Rs 1,531 crore for the same period a ...

Why Bajaj Hindusthan is interested in Balrampur Chini
Effort to have more bargaining power with growers. New Delhi, Oct 31 Does size matter beyond a point in sugar? Some industry watchers are asking this in the context of Bajaj Hindusthan Ltd’s reported in-the-works acquisition of a 36.67 per ...

Weekly News Round Up(Latest Audio:Enlgish))
Growth in key infrastructure sectors slipped in September after a strong showing in August. This could contribute to a possible moderation in the industrial recovery story. The core infrastructure sector growth dropped to 4 per cent in ...