Live_wire's Info Thread

#1
State-run Hindustan Coppers (HCL) follow-on public offer (FPO) worth Rs 4,000 crore is likely to hit the capital market on December 06, 2010. The offering will close for bidding on December 09, 2010. The cabinet had cleared the disinvestment plans of HCL in June, report says.

The company had filed the draft prospectus with the Securities and Exchange Board of India (SEBI) in September for its proposed 20% share sale programme. In the 20% share sale, the government is selling 10% of its stake, while the company would issue fresh equity in the same proportion. With the stake sale, the governments holding will come down to 81.45% from 99.59%.
 
#2
DLF slips 1.6% on disappointing Q2 numbers

DLF fell 1.56% to Rs 356.80 at 9:30 IST after the consolidated net profit fell 4.9% to Rs 418.38 crore on 35.3% increase in net sales to Rs 2369.02 crore in Q2 September 2010 over Q2 September 2009.

The result was announced after market hours on Wednesday, 10 November 2010.

Meanwhile, the BSE Sensex was up 4.36 points, or 0.02%, to 20,880.07. On BSE, 92,000 shares were traded in the counter compared with average volume of 5.72 lakh shares in past two-weeks.

The stock hit a high of Rs 361 and a low of Rs 354 so far during the day.

Net profit of DLF rose 263.20% to Rs 122.69 crore on 72.53% rise in net sales to Rs 542.06 crore in Q2 September 2010 over Q2 September 2009.

DLF's consolidated net profit fell as the company faced rising interest rates and increases in land and construction costs. A rapidly-growing economy helped DLF's commercial office and retail segments and it expects housing projects to yield good returns. The firm is concerned though with the recent sharp increase in commodity prices that could bump up construction costs.
 
#3
Hindalco Industries spurts as foreign brokerage ups target price

Hindalco Industries jumped 4.32% to Rs 237.85 at 11:43 IST on reports a foreign brokerage firm raised its target price on the stock to Rs 287 from Rs 229 earlier while maintaining a buy rating.

Meanwhile, the BSE Sensex was down 24.62 points, or 0.12%, to 20,850.51. On BSE, 7.53 lakh shares were traded in the counter compared with average volume of 7.74 lakh shares in past two-weeks.

The stock hit a high of Rs 238.60 and a low of Rs 226.50 so far during the day.

The target price of Rs 287 is at 20.66% premium from the ruling market price.

Hindalco Industries had corrected 1.60% to Rs 228 on Wednesday, 10 November 2010, on profit booking after the stock gained 10% in the preceding seven sessions. The stock rose 10% in seven consecutive sessions to Rs 231.70 on 9 November 2010, from a recent low of Rs 210.50 on 29 October 2010. The profit booking came in after the company reported a lower-than-expected second quarter results.

Net profit of Hindalco Industries rose 26.09% to Rs 433.81 crore on 18.66% rise in net sales to Rs 5802.76 crore in Q2 September 2010 over Q2 September 2009. However, net profit is down by 19% compared with Q1 June 2010. The result was announced after market hours on Tuesday, 9 November 2010.
 
#4
Hindalco Industries spurts as foreign brokerage ups target price

Hindalco Industries jumped 4.32% to Rs 237.85 at 11:43 IST on reports a foreign brokerage firm raised its target price on the stock to Rs 287 from Rs 229 earlier while maintaining a buy rating.

Meanwhile, the BSE Sensex was down 24.62 points, or 0.12%, to 20,850.51.

On BSE, 7.53 lakh shares were traded in the counter compared with average volume of 7.74 lakh shares in past two-weeks.

The stock hit a high of Rs 238.60 and a low of Rs 226.50 so far during the day.

The target price of Rs 287 is at 20.66% premium from the ruling market price.

Hindalco Industries had corrected 1.60% to Rs 228 on Wednesday, 10 November 2010, on profit booking after the stock gained 10% in the preceding seven sessions. The stock rose 10% in seven consecutive sessions to Rs 231.70 on 9 November 2010, from a recent low of Rs 210.50 on 29 October 2010. The profit booking came in after the company reported a lower-than-expected second quarter results.

Net profit of Hindalco Industries rose 26.09% to Rs 433.81 crore on 18.66% rise in net sales to Rs 5802.76 crore in Q2 September 2010 over Q2 September 2009. However, net profit is down by 19% compared with Q1 June 2010. The result was announced after market hours on Tuesday, 9 November 2010.
 

scplindia

Well-Known Member
#5
Re: Hindalco Industries spurts as foreign brokerage ups target price

What is the target for hindalco, it has run up quite a bit and is at life high already
 
#7
Corporate news: IL&FS Transport & Elecon Eng are amongst others to get new orders

IL&FS Transportation Networks wins a contract worth Rs 1094 crore from Madhya Pradesh Road Development Corp in consortium with Spanco. IL&FS Transportation Networks will hold 51% in the project while Spanco will hold 49% of total equity. The project calls for upgradation, modernisation, development, operation and maintenance of 24 border check posts across Madhya Pradesh on build, operate, transfer (BOT) basis.

Mahindra Satyam, the brand name of Satyam Computer Services signs a contract to implement SAP ERP for the Insurance Regulatory and Development Authority (IRDA).

Elecon Engineering Company gets an order of Rs. 36 crore from Essar Projects (India) for design, engineering, manufacturing, testing, inspection and supply of equipment with all the auxiliaries / accessories for complete installation and commissioning of material handling equipments for Paradeep Coal Berth Terminal Project.

Prism Informatics secures contract for SAP implementation in wholesale retail for a global firm based in Germany. With this contract, Prism has further strengthened its presence in European markets.

Reliance Broadcast Network's initiative in the digital space, offering mobile and online solutions - BIG Digital has announced the launch of India's first ever talk internet radio christened big net radio.

Valecha Engineering signs an MOU with Government of Madhya Pradesh to setup 440 MW thermal power project plant in the State of Madhya Pradesh. This marks the entry of Valecha Engineering into the power sector.

Master Multi Tech announces that the company has changed the name of the company from Master Multi-Tech to Vaishnavi Gold.
 

deneb

Well-Known Member
#8
Re: Corporate news: IL&FS Transport & Elecon Eng are amongst others to get new orders

It would be better if you post all corporate news in a single thread rather than making individual threads for each announcements.This makes the site more easy for surfing and less cluttered.

Regards,
 
#9
Re: Hindalco Industries spurts as foreign brokerage ups target price

But these are different articles...thats I put them in seperate threads with different headings...Please correct me if I am wrong...as i am new to this community, thanks!!
 

SavantGarde

Well-Known Member
#10
Re: Hindalco Industries spurts as foreign brokerage ups target price

They maybe different articles....but doesn't mean you start a new thread for every bit of information you come across....

Solution: Give a suitable name to the thread and keep your little bit of info organised within that thread.


SavantGarde

But these are different articles...thats I put them in seperate threads with different headings...Please correct me if I am wrong...as i am new to this community, thanks!!
 

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