Hi All,
fyi
What did the inflation rise by a tick?
2007-07-06 13:54:50 Source : Moneycontrol.com
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Inflation for the week ended June 23 was at 4.13% as against 4.03% for the week ended June 16. The market estimated it at 4.03%.
Though the number that?s come in is not a very pleasant one, it is not worth crying hoarse about.
The WPI, or the Wholesale Price Index was measured at 211. 7 in the week-ago period, that is, the week ended June 16. But, for the current week under review, it has come in at 211. 12 points. That?s a rise in three ticks. The market expected it to rise only by one tick.
The gain has come from the rise in the inflation numbers of primary articles and manufacturing goods. We have seen steel prices getting cut, we also saw cement prices rising ? it?s a bit difficult to factor in how all this reflect on the ultimate Index. Things seem to balance on; but for the moment it?s a minor bad news.
Dr. Saumitra Chaudhari, Economic Advisor, ICRA, said, ?Within inflation, the manufacturing goods inflation is still running higher than 5% year-round-year basis; recent inflation numbers have come down because primary food prices numbers have begun to decline and we have not revised the petrol and diesel prices. You will have to remember that petrol and diesel prices will be revised at some point in the future; in the manufactured goods, there is an enormous revision ? revised prices of about 65-70 basis points. Please go back and look at the numbers - last 9 weeks, manufactured goods? revised inflation numbers are above by about 80 bps. All these are provisional numbers. Take all this and if you look at the inflation numbers, we can say that the inflation isn?t really low. But it is pretty good than what it was 3 months ago.?
BTW, Anybody has an idea on this script?
Result Analysis: Samrat Pharmachem (Q, N,C,F)* earnings jump 21.33 times for Mar`07 qtr
Samrat Pharmachem announced a phenomenal jump in net profits for the quarter ended March 2007. During the quarter, the company rose 21.33 times to Rs 1.28 million from Rs 0.06 million in the same quarter last year.
Sales for the quarter declined 0.04% to Rs 75.38 million compared with the corresponding quarter, a year ago.
Operating margins increased to 3.41% during the quarter, a rise of 235.25 basis points compared with the corresponding quarter, one year ago. Net margins, on the other hand, rose to 1.70% during the quarter from 0.08%.
The company`s earnings per share on a trailing twelve month basis is Rs 0.98.
At the closing price of Rs 9.33 on Thursday at the BSE, the company`s shares were valued at 9.51 times earnings on a trailing twelve month basis.
---> I have given a call on dollex Industries at 132. This is a broker's call. CMP 125.
The volumes have started increasing from 5000/day to 300000/day. Funds are silently picking up. Expect a huge movement in the coming days.
Please note: This is a broker's recommendation. You can take position in small quantity.
Thanks and Regards
Supratik
