Financial Daily from THE HINDU group of publications
Sunday, May 04, 2003
Financial Daily from THE HINDU group of publications Sunday, May 04, 2003 |
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Investment World
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Commentary Markets - Stock Markets Cipla sheds 10 pc on disappointing results G. Madhan
Cipla (Rs 632): The stock price of Pharmaceutical manufacturer Cipla fell by 9.9 per cent this week on the back of disappointing quarterly results. For the quarter ended March 2003 the company posted a net profit of Rs 46.7 crore as against Rs 61.7 crore registered in the corresponding period of the previous year. GlaxoSmithKline Pharma (Rs 332): The spike in the stock price of GlaxoSmithKline Pharma by 10.6 per cent this week has to be seen in light of its healthy quarterly earnings. For the quarter ended March 2003, the company's net profit stood at Rs 35.1 crore as against Rs 23 crore registered in the corresponding prior period. Ranbaxy Labs (Rs 676): The stock price of Ranbaxy Labs edged up this week by 1.4 per cent. The company has announced a net profit of Rs 279.8 crore for the quarter ended March 2003 as against Rs 94.9 crore registered in the corresponding period of the previous year. The company's sales grew to Rs 1,024.9 crore as against Rs 528.9 crore registered in the previous period. The company has also proposed a final dividend of Rs 10 per share. HCL Technologies (Rs 136): The drop in the stock price of HCL Technologies by 13.4 per cent this week has to be viewed in the context of disappointing quarterly numbers. For the January-March quarter, the company posted a net profit of Rs 89.4 crore as against the corresponding previous quarter's Rs 101 crore. Pritish Nandy Communications (Rs 28): The stock price of Pritish Nandy Communication rose this week by 35.3 per cent on the back of rumours that the company would be making a private placement of shares either to domestic or foreign institutions. Zee Telefilms (Rs 77): The stock price of Zee Telefilms soared this week by 12.7 per cent on the back of good quarterly earnings. The company has posted a net profit of Rs 32.6 crore for the quarter ending March 2003, as against Rs 13.8 crore recorded in the corresponding period of the previous year. Atlas Copco (Rs 276): The stock price of Atlas Copco closed higher this week by 2.6 per cent on registering good earnings for the quarter ended March 2003. The company posted Rs 7.4 crore as against Rs 2.6 crore registered in the corresponding previous period. Gas Authority of India (Rs 81): The stock price of GAIL firmed up this week by 5.1 per cent. The stock has been included in the S&P CNX Nifty Index from May 2nd 2003. The company is also to be included in the Morgan Stanley Capital International Index from June 1st. Top gainers and losers The top five gainers of the week are Pritish Nandy Communications (35.3 per cent), Gujarat Alkalies (34 per cent), Modipon (30.8 per cent), Kwality Dairy (27.5 per cent) and Kochi Refineries (26 per cent). The top five losers of the week are Killick Nixon (21 per cent), Foseco India (17.4 per cent), VXL Instruments (16.5 per cent), Sadhana Nitro Chem (16 per cent), HCL Technologies (16 per cent).
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