DENIP Consultants Pvt. Ltd.: April 2011

Saturday, April 30, 2011

KV Kamath appointed new chairman of Infosys, Shibulal new CEO

Market bellwether Infosys Technologies, admired for its leadership standards, announced its biggest transition in three decades. NR Narayana Murthy, the man who built a global technology services giant out of India, will retire. The board appointed KV Kamath as new chairman of Infosys and SD Shibulal as new CEO.

Current CEO, S Gopalakrishnan was appointed as executive co-chairman and Narayana Murthy was appointed as Chairman Emeritus of Infosys.

Infosys Technologies will now be renamed Infosys Limited. All new appointments would be effective from August 21, 2011.

Murthy leaves behind a painstakingly-crafted legacy and values which are hard to overlook. Infosys had a practice of founder members becoming chairman.

The industry and markets have been keenly awaiting the succession plans at Infosys. More so, after the resignation of T V Mohandas Pai as Director and Head of Human Resources after putting in 17 years in the company. Pai was considered by many as the CEO material.

Murthy had stepped down as CEO in 2002, handing over office to co-founder Nandan Nilekani. Nilekani left the company in 2007 to join the Unique Identification Authority of India. Current CEO Gopalakrishnan took over the reins from Nilekani.

Infosys had formed a nominations committee, comprising Professor Jeffery S Lehman , Deepak M Satwalekar (former MD and CEO of HDFC Standard Life Insurance) and KV Kamath (non-executive Chairman of the Board of Directors of ICICI Bank).

The committee is responsible for succession planning for the roles of chairman, CEO, COO and CFO of the company.

After Murthy's exit, only two of the co-founders -- CEO S Gopalakrishnan and COO S D Shibulal -- will remain on the company board.

Co-founder K Dinesh will also retire from the company, after Infosys' Annual General Meeting on June 11, 2011.

Among the co-founders, Ashok Arora was the first to leave in the late 1980s, selling his stake. Afterwards, N S Raghavan left the company.

Infosys was started in 1981 by seven entrepreneurs including Murthy, Nilekani, Gopalakrishnan, Shibulal and K Dinesh. The founders started the company with an initial investment of Rs 10,000. Today, the IT and consulting company has revenues of $6.04 billion.

Headquartered in Bangalore, Infosys went public in 1993. It has a global footprint with 64 offices and 63 development centres across the US, the UK, India, China, Australia, Japan and Middle East among others.

While promoters have a 16.04 per cent stake in the company, other shareholders include LIC (4.28 per cent), Oppenheimer Developing Markets Fund (2.19 per cent) and Abu Dhabi Investment Authority (1.93 per cent).

Infosys and its subsidiaries had 1,30,820 employees as on March 31, 2011.

Source: www.economictimes.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

SBM yearly net up 12.3 % at Rs 500.62 crore

State Bank of Mysore today reported a 12.3 per cent rise in net profit for the year ending March 31, 2011 at Rs 500.62 crore compared to the previous fiscal.

The lower year-on-year growth is caused by the necessity to make higher provisions towards non-performing assets (NPA), SBM's Managing Director Dilip Mavinkurve told reporters here.

The percentage of gross NPA to gross advances rose to 2.51 per cent as of last month-end as against two per cent a year ago, he said, adding, about Rs 280 crore in regard to agriculture debt waiver and relief scheme and coffee relief package turned NPA during the course of last fiscal.

Net interest income for the year rose 32.3 per cent from Rs 1,236 crore to Rs 1,636 crore, while net interest margin went up to 3.71 per cent from 3.19 per cent a year ago. Cost of deposits declined to 5.56 per cent from 6.01 per cent, mainly owning to increase in CASA (current account, savings account) share from 31.06 per cent to 33.97 per cent.

"The bank proposes to reach a business level of over Rs 96,000 crore in the year 2011-12 aiming a growth rate of 23 per cent, from the present level of Rs 77,667 crore", Mavinkurve said.

The bank has drawn up plans to open 90 new branches and install 156 additional ATMs in the current fiscal, and it's also in the process of adding more than 1,000 personnel to support its expansion plans.

Source: www.economictimes.indiatimes.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Infosys to announce board rejig today

Infosys Technologies will today announce a major management change, expected to be its biggest change since Nandan Nilekani passed on the CEO baton to Kris Gopalakrishnan in June 2007.

The company will announce a new chairman to replace founder N R Narayana Murthy, who is due to retire on August 20 when he turns 65. Murthy has been central to Infosys ever since its founding in 1981 and his exit from the $6-billion company will mark a seminal moment.

Murthy had said last year that a suitable successor would be announced well before his retirement. The company has a nominations committee to identify and screen individuals qualified to be part of the Board and the management, which has been discussing possible candidates for some time now. The Board will take a final decision on Saturday. The expectation is that K V Kamath, who transformed ICICI Bank into an aggressive lender and who is now the bank's non-executive chairman, or Gopalakrishnan will succeed Murthy.

It is also expected that Infosys will announce a new CEO. S D Shibulal, one of Infosys's founders and the current chief operating officer, is likely to take over from Gopalakrishnan.

The changes come at a time when the company has lost some of its lustre, not so much because of its own performance, which in many ways remains solid, but because some of its rivals like TCS and Cognizant have performed better. The changes announced today could have a big bearing on whether or not these relative performances change.

Source: www.timesofindia.indiatimes.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Gold climbs to new high, silver slips

Gold prices climbed a new peak at the domestic bullion market here today at Rs 22,145 per ten grams on renewed stockists' as well as stray local buying triggered by surging global cues .

Silver, however, dropped owing to reduced speculative buying amid profit-taking.

Standard gold (99.5 purity) edged higher by Rs 15 per 10 grams to finish at Rs 22,145 from Thursday's closing level of Rs 22,130. Pure gold (99.9 purity) also added by a similar margin to settle at Rs 22,250 from Rs 22,235 previously.

However, silver ready (.999 fineness) dropped by Rs 195 per kg to close at Rs 72,910 from yesterday's closing level of Rs 73,105.

In international markets, Gold today rose to a record high of 1,540.20 dollar an ounce as a weakening dollar and inflation prompted investors to buy precious metals.

The gold rose 9.90 dollar, or 0.7 per cent to the high of 1,541.30 dollar an ounce on the Comex. Silver also climbed 1.27 dollar, or 2.7 per cent to 49.24 dollar an ounce.

The dollar fell to the lowest since December 2009 against the euro after the Federal Reserve kept borrowing costs at a record low.

Assets in the SPDR Gold Trust, the biggest exchange-traded fund backed by gold, expanded 1.5 per cent this month, heading for the biggest gain since August.

Prices reached a record 14 times this month on demand from investors seeking an alternative to the dollar after the currency slumped to the lowest as the US debt widened, and the Federal Reserve signaled that borrowing costs will remain near zero per cent for an extended period.

In 2010, central banks became net buyers for the first time in two decades, adding 87 metric tons in official-sector purchases by countries including Bolivia, Sri Lanka and Mauritius, according to World Gold Council.

As of April, China was the sixth-largest official holder of gold, with 1,054.1 tons, according to WGC estimates.

Source: www.economictimes.indiatimes.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

SEBI makes ASBA compulsory for non-retail investors

SEBI has made ASBA (Applications Supported by Blocked Amount) facility mandatory for all non-retail investors (HNIs and institutional investors) investing in public and rights issues.

In a circular put out on its Web site on Friday, SEBI said, disclosures shall be made in this regard in the offer document such as in issue procedure section as part of payment instructions.

Under ASBA facility, money would be debited from the bank account only if his/her application is selected for allotment after the basis of allotment is finalised, or the issue is withdrawn/failed.

The circular also said that syndicate and sub-syndicate members belonging to the cities of Mumbai, Chennai, Kolkata, Delhi, Ahmedabad, Rajkot, Jaipur, Bangalore, Hyderabad, Pune, Baroda and Surat are allowed to obtain and upload ASBA forms.
Direction to banks.

All self-certified syndicate banks that provide ASBA facility have been asked to name at least one branch in these 12 cities where the syndicate and sub-syndicate members can submit the ASBA forms. The list of such branches would be displayed on the SEBI Web site.

SEBI has asked merchant bankers to ensure that appropriate disclosures are made in the offer document in this regard.

All intermediaries have been directed to comply with the instructions in the circular that shall be applicable for offer documents filed with the ROC for public issues and exchanges for rights issues on or after May 2.

SEBI has also put out an indicative timeline for various activities from receipt of completed bid from the investor until commencement of trading with and without ASBA.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Rallis India Q4 net profit down 14% at Rs 19 cr

Rallis India has announced its FY11 results. The company's FY11 net profit was at Rs 120 crore.

Its net sales were at Rs 1,040 crore.

Rallis India Q4

Rallis India Q4 net profit was down 14% at Rs 19 crore versus Rs 22 crore, year-on-year, YoY.

Its Q4 net sales were up 15.8% at rs 234 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bajaj Hind Q4 net profit up 128% at Rs 73 cr

Bajaj Hindusthan has declared its fourth quarter results. The company's Q4 net profit was up 128% at Rs 72.8 crore versus Rs 31.8 crore.

Its net sales were up 121% at Rs 1,252 crore versus Rs 567 crore.

The company to raise up to Rs 2,000 crore via rights issue.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Uflex Q4 net profit up at Rs 63.4 cr

Uflex has declared its fourth quarter results. The company's Q4 net profit was up 138% at Rs 63.4 crore versus Rs 26.6 crore, year-on-year, YoY.

Its net sales were up 35% at Rs 594 crore versus Rs 440 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Spirits Q4 PAT up 36% at Rs 77 cr

United Spirits has declared its fourth quarter results. The company's Q4 net profit was up 36% at Rs 77.4 crore versus Rs 56.9 crore, year-on-year, YoY.

Its net sales were up 27% at Rs 1,597 crore versus Rs 1,252 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

SAIL Q4 profit down 28% at Rs 1,507 cr

Largest integrated iron and steel producer in India, Steel Authority of India, SAIL has declared its fourth quarter results. The company's Q4 net profit was down 28% at Rs 1,507 crore versus Rs 2,085 crore, year-on-year, YoY.

Its net sales were up 10% at Rs 13,137 crore versus Rs 11,955 crore, YoY.

SAIL says
The company's Q4 net profit hit by high coking coal costs.
Its Q4 production was up 5% at 3.43 mt.
Its Q4 production capacity use was at 126%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Greaves Cotton Q4 net profit at Rs 46.7 cr

Greaves Cotton has declared its fourth quarter results. The company's Q4 net profit was at Rs 46.7 crore.

Its net sales were at Rs 452 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IDFC Q4 cons net profit up 26% at Rs 287 cr

Infrastructure Development Finance Company (IDFC) has declared its fourth quarter results. The company's Q4 consolidated net profit was up 26% at Rs 287 crore versus Rs 228 crore, year-on-year, YoY.

Its consolidated income from operations was up 27% at Rs 1,300 crore versus Rs 1,020 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sterlite Tech Q4 net profit dn at Rs 10.3 cr

Sterlite Technologies has announced its fourth quarter results. The company's Q4 net profit was down at Rs 10.3 crore versus Rs 72.2 crore.

Its net sales were up at Rs 682 crore versus Rs 662 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Shoppers Stop Q4 cons net profit dn 39% at Rs 7.7cr

Shoppers Stop has declared its fourth quarter results. The company's Q4 consolidated net profit was down 39% at Rs 7.7 crore versus Rs 12.6 crore.

Its consolidated net sales were up 59% at Rs 606 crore versus Rs 381 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

GHCL Q4 net profit down 59% at Rs 25.7 cr

Gujarat Heavy Chemicals (GHCL) has declared its fourth quarter results. The company's Q4 net profit was down 59% at Rs 25.7 crore versus Rs 62.8 crore.

Its net sales were down 28% at Rs 447 crore versus Rs 347 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

EID Parry Q4 net profit up at Rs 161 cr

EID Parry has announced its fourth quarter results. The company's Q4 net profit was up at Rs 161 crore versus Rs 105 crore.

Its net sales were up at Rs 414 crore versus Rs 320 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Amtek Auto Q4 net profit up at Rs 62.3 cr

Amtek Auto has announced its fourth quarter results. The company's Q4 net profit was up at Rs 62.3 crore versus Rs 42.4 crore.

Its net sales are seen up at Rs 461 crore versus Rs 340 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Bank Q4 net profit up 210% at Rs 143 cr

United Bank has announced its fourth quarter results. The company's Q4 net profit was up 210% at Rs 143 crore versus Rs 46 crore, year-on-year, YoY.

Its net interest income was at Rs 575 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bharat Electronics Q4 PAT up 124% at Rs 448 cr

Bharat Electronics has announced its fourth quarter results. The company's Q4 net profit was up 124% at Rs 448 crore versus Rs 200 crore, year-on-year, YoY.

Its net sales were up 27% at Rs 2,307 crore versus Rs 1,813 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

TVS Motor Q4 PAT up 105% at Rs 41.7 cr, YoY

TVS Motor has announced its fourth quarter results. The company’s Q4 net profit was up 105% at Rs 41.7 crore versus Rs 20.3 crore, year-on-year, YoY.

Its net sales were up 34% at Rs 1,604.6 crore versus Rs 1,192.4 crore, YoY.

However, on quarter-on-quarter basis net profit was down 24% at Rs 41.7 crore versus Rs 55 crore, QoQ.

TVS Motor says

Raw material costs have gone up significantly this year.

Overall growth was at 32%.

Will launch a new scooter this fiscal.

Repaid close to Rs 300 crore of debt.

Looking at entering markets like Colombia & Argentina.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Shriram Trans Fin Q4 cons net profit at Rs 342cr

Shriram Transport Finance Corporation has announced its fourth quarter results. The company’s consolidated net profit was up 29% at Rs 342 crore versus Rs 264.3 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

IL&FS Trans FY11 cons net profit up at Rs 433 cr

IL&FS Transport has announced its FY11 consolidated results. The company’s net profit was up at Rs 433 crore versus Rs 344 crore.

Its FY11 net sales were up at Rs 4,049 crore versus Rs 2,413 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

OBC Q4 net profit up at Rs 333 cr

Oriental Bank of Commerce (OBC) has reported fourth quarter FY11 net profit of Rs 333 crore as against Rs 317 crore in same quarter the previous year.

Net interest income increased to Rs 1,013 crore from Rs 989 crore (YoY).

In FY11, the bank's net profit stood at Rs 1,503 crore as against Rs 1,135 crore. Net interest income (NII) stood at Rs 4,180 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

UCO Bank Q4 net profit down 40.5% at Rs 226 cr

UCO Bank has reported fourth quarter FY11 net profit of Rs 226 crore, a 40.5% degrowth compared to Rs 380 crore in same quarter the previous year.

Net interest income increased to Rs 844 crore from Rs 744 crore in the same period.

The bank had made provisions of Rs 341 crore, nearly 93% more as compared to Rs 177 crore in Q4FY10.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Phoenix Mills Q4 net up 62% on strong sales, other income

Phoenix Mills’ fourth quarter or January-March net profit rose 62% year-on-year to Rs 27.2 crore, aided by strong sales and higher other income.

The property developer’s net sales for the three-month period were up 36% from a year ago to Rs 46.8 crore.

Phoenix Mills’ fourth quarter earnings were boosted by a higher other income, which more than doubled to Rs 14.1 crore. Its interest expenses for the quarter were also significantly lower at Rs 28.42 lakh, compared with Rs 3.51 crore in the year ago quarter.

The company, which operates the Phoenix Mills mall in Mumbai, said the Market City project in Pune is ready for launch and is expected to commence operations by early June.

Phoenix Mills said its other projects in Mumbai, Bangalore and Chennai are expected to be operational in next 3-6 months.

The company will also have a soft launch of its residential projects at Bangalore and Chennai in few months. It expects the residential projects vertical to be developing almost 3 million square feet space over next 3-5 years.

Phoenix Mills shares rose 4.1% to Rs 208.10 on National Stock Exchange, post the earnings announcement.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Corporation Bank Q4 net profit up 11% at Rs 345 cr

Corporation Bank has announced its fourth quarter results. The company's Q4 net profit was up 11% at Rs 345 crore versus Rs 312 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HCC Q4 net profit down 47% at Rs 22.6 cr

Hindustan Construction Company, HCC has declared its fourth quarter results. The company's Q4 net profit was down 47% at Rs 22.6 crore versus Rs 43 crore, year-on-year, YoY.

Its net sales were up 11% at Rs 1,210 crore versus Rs 1,092 crore, YoY.

Its interest cost was up at Rs 90.3 crore versus Rs 44.3 crore, YoY.

Its operating margin was at 14.4% Vs 11.5% (YoY).

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

CESC Q4 net profit up at Rs 112 cr

CESC has declared its fourth quarter results. The company's Q4 net profit was up at Rs 112 crore versus Rs 100 crore.

Its net sales were up at Rs 844 crore versus Rs 756 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dena Bank Q4 net profit up at Rs 157 cr

Dena Bank has announced is FY11 results. The company's FY11 net profit was up at Rs 611.6 crore versus Rs 511.2 crore.

Its net interest income (NII) was up at Rs 1,763 crore versus Rs 1,100 crore.

Q4
Its net profit was up at Rs 157 crore versus Rs 137 crore.

Its NII was up at Rs 471 crore versus Rs 326 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Navneet Publications Q4 PAT down 0.8% at Rs 12.8 cr

Navneet Publications has declared its fourth quarter results. The company's Q4 revenues were down 6% at Rs 94 crore versus Rs 100 crore.

Its PAT was down 0.8% at Rs 12.8 crore versus Rs 12.9 crore.

Its EBITDA margin was at 13.8% versus 13.7%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Advanta India Q1 consolidated loss widens on higher tax

Seeds company Advanta India's net loss for the January-March or first quarter more than doubled to Rs 3.46 crore from Rs 1.29 crore in the year ago quarter as tax expense soared.

First quarter net sales of the United Phosphorus associate company were up 10.5% year-on-year to Rs 175.75 crore. The company’s other income during the quarter surged to Rs 3.65 crore from Rs 27.40 lakh in the year ago quarter.

The company’s tax expense, however, was up ten-fold to Rs 6.86 crore. Interest and financial charges for the quarter also rose 39.5% year-on-year to Rs 19.57 crore.
The company’s first quarter operational profit (before other income, interest and taxes) rose 33% from a year ago to Rs 19.32 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Mangalore Chemical Q4 PAT up 4.4% at Rs 9.5 cr

Mangalore Chemicals and Fertilisers fourth quarter revenue was down 20.4% at Rs 382 crore versus Rs 480 crore.

The company's PAT was up 4.4% at Rs 9.5 crore versus Rs 9.1 crore.

Its EBITDA margin was at 8.4% versus 4.7%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Manappuram General FY11 profit at Rs 283 cr

Manappuram General Finance & Leasing has announced its FY11 results. The company's net profit was at Rs 283 crore.

Its income from operations at Rs 1,179 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bata India Q1 net profit up at Rs 109.4 cr

Bata India has announced its first quarter results. The company's Q1 net profit was up at Rs 109.4 crore versus Rs 14.3 crore.

Its net sales were up at Rs 310.6 crore versus Rs 259.1 crore.

Its other income was up at Rs 112 crore versus Rs 1 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

JSW Energy Q4 net profit down 25% at Rs 206 cr

JSW Energy has announced its fourth quarter results. The company's Q4 net profit was down 24.5% at Rs 206 crore versusRs 273 crore, year on year, YoY.

Its net sales were up 86.1% at Rs 1,459 crore versus 784 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Info Edge FY11 net profit at Rs 83.97 cr

Info Edge has announced its FY11 results. The company's net profit was at Rs 83.97 crore.

Its net sales were at 293 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Birla Corp Q4 net profit down at Rs 63.04 cr

Birla Corp has announced its fourth quarter results. The company's Q4 net profit was down at Rs 63.04 crore versus Rs 138 crore.

Its net sales were down at Rs 588 crore versus Rs 602 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Nagarjuna Fertlisers Q4 net profit up at Rs 28.5 cr

Nagarjuna Fertlisers has annouced its fourth quarter results. The company's Q4 net profit was up at Rs 28.5 crore versus Rs 23 crore.

Its net sales were up at Rs 780 crore versus Rs 520 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Crompton Greaves Q4 net profit up 5% at Rs 285 cr

Crompton Greaves has reported fourth quarter net profit of Rs 285 crore, 5% growth as compared to Rs 270 crore in fourth quarter of 2010.

Its net sales were up by 16% at Rs 2,908 crore in January-March quarter of 2011 as against Rs 2,508 crore in same quarter the previous year.

Bottomline as well as topline numbers were in-line with estimates. CNBC-TV18 poll saw net sales at Rs 2892 crore and net profit at Rs 278 crore.

EBITDA was down by 7% at Rs 373 crore versus Rs 403 crore and operating profit margin
grew at 13% as against 16% on year-on-year basis.

Crompton paid tax of Rs 89 crore in quarter ended March 2011 as against Rs 113 crore in same quarter the previous year.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

LIC Housing Fin Q4 net profit up 48% at Rs 315cr

LIC Housing Finance has announced its fourth quarter results. The company's Q4 net profit was up 48% at Rs 315 crore versus Rs 213 crore.

Its net interest income (NII) was up 41% at Rs 420 crore versus Rs 298 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Vijaya Bank Q4 net profit dips 59% at Rs 54 cr

State-run Vijaya Bank has reported fourth quarter net profit of Rs 54 crore, down 58.8% as compared to Rs 131 crore at March 31, 2010.

Net interest income jumped 65.4% to Rs 478 crore in the quarter ended March 2011 as against Rs 289 crore in same quarter the previous year.

Operating expense shot up more than 112% to Rs 611 crore from Rs 288 crore on year-on-year basis.

Employee cost too increased 110% to Rs 387 crore from Rs 184 crore during the same period.

The bank had made additional provision of Rs 118 crore for employee benefit in the quarter ended March 2011.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Polaris Software Q4 net profit up at Rs 57 cr

Polaris Software Lab has announced its fourth quarter results. The company's Q4 net profit was up at Rs 57 crore versus Rs 50 crore, quarter-on-quarter, QoQ.

Its net sales were up at Rs 443 crore versus Rs 400 crore, QoQ.

Its EBIDTA margins was up at 15% versus 13%, QoQ

Its other income was up at Rs 17.5 crore versus Rs 5.7 crore, QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Alfa Laval Q4 net profit up at Rs 38 cr

Alfa Laval has announced its fourth quarter results. The company's Q4 net profit was up at Rs 37.8 crore versus Rs 24.9 crore, year-on-year, YoY.

Its net sales were up at Rs 292 crore versus Rs 190 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

State Bank of Bikaner Q4 net profit at Rs 188 cr

State Bank of Bikaner has announced its fourth quarter results. The company's Q4 net profit was at Rs 188 crore.

Its NII was up 39% at Rs 491 crore versus Rs 354 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Piramal Glass Q4 net profit up at Rs 36 cr

Piramal Glass has declared its fourth quarter results. The company's Q4 net profit was up at Rs 36 crore versus Rs 11 crore.

Operating EBIDTA for Q4 FY2011 increased by 51% to Rs 90 crores compared to Rs 60 crores for the same period previous year.

The company’s operating EBIDTA margins have been increased to 28% - an improvement of 630 bps for Q4 FY2011.

For the financial year ending March 2011, PGL has reported a jump in its net profit to Rs.103.3 crores compared to Rs.3 crores for the year ending March 2010. For the same period, company posted a revenue jump of 10.4% to Rs 1218 crores from Rs 1104 crores, while the Operating EBIDTA increased by 39% from Rs 221 crores to reach Rs 307 crores.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ICICI Bank Q4 net profit up 44.5% at Rs 1452 cr

Country's second largest lender ICICI Bank has reported fourth quarter net profit of Rs 1,452 crore, a 44.5% growth as compared to Rs 1,005 crore in quarter ended March 2010.

Net interest income for the January-March quarter was Rs 2,510 crore, which grew by 23.3% as compared to Rs 2,035 crore in same quarter the previous year.

Net interest income was better-than-expectations of Rs 2,361 crore while bottomline was tad below estimates of Rs 1,476 crore.

Net non-performing assets (NPAs) declined to 0.94% as against 1.87% on year-on-year basis. Net NPA was down by 37% at Rs 2,459 crore versus Rs 3,901 crore.

The bank made provision of Rs 384 crore in the quarter ended March 2011, which was down by 61% as compared to Rs 990 crore in same quarter of 2010.

Fee income increased 18% to Rs 1,791 crore from Rs 1,521 crore on year-on-year basis.
Current and savings account (CASA) deposit ratio increased to 45.1% from 41.7% on year-on-year basis.

Provision coverage ratio increased to 76% at March 31, 2011 from 59.5% at March 31, 2010 and 71.8% at December 31, 2010.
Capital adequacy ratio stood at 19.54% and Tier-1 capital adequacy at 13.17%.

As on March 31, 2011, the bank had 2,529 branches and 6,104 ATMs, the largest branch network among private sector banks in the country.

Advances of the bank increased 19% to Rs 2,16,366 crore in the quarter ended March 31, 2011 from Rs 1,81,206 crore in same quarter the previous year.

Savings deposits increased 26% year-on-year to Rs 66,869 crore from Rs 53,218 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

HCL Info Q3 cons net profit at Rs 53.3 cr

HCL Infosystems has declared its third quarter results. The company's Q3 consolidated net profit was at Rs 53.3 crore.

Its cons net sales were at Rs 2,730 crore.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Gujarat Pipavav Q4 net profit at Rs 6 cr

Gujarat Pipavav Port has announced its fourth quarter results. The company's Q4 net profit was at Rs 6 crore versus loss of Rs 32 crore.

Its net sales were up at Rs 75.5 crore versus Rs 50 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Bank of Baroda Q4 net profit up 43% at Rs 1294 cr

State-run Bank of Baroda reported a jump of 42.8% at Rs 1,294 for quarter-ended March 2011 compared to Rs 906 for same period last year. Net interest income of the bank was up 49.47% at Rs 2,613 crore versus Rs 1,745 year-on-year.

Speaking at a press conference, chairman and managing director MD Mallya said the bank’s operating profit has increased from Rs 4,935 crore last year to Rs 6,982 crore for the current year. “The net profit also showed a very robust growth of 39% from Rs 3,058 crore last year to Rs 4,242 crore in the current year.”

Mallya said the robust operating profit and the net profit was on account of substantial improvement in net income of the bank. “The net interest of the bank recorded a growth of 48% during the year 2010-11,” he said.

The overall business of the bank also showed robust growth. “The total global business has increased to a level of Rs 5,36,765 crore, which represents a growth of 28%,” he said.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Biocon Q4 cons net profit up at Rs 101 cr

Biocon has announced its fourth quarter results. The company's Q4 consolidated net profit was up at Rs 101 crore versus Rs 81 crore, year-on-year, YoY.

Its consolidated net sales were up at Rs 702 crore versus Rs 657 crore, YoY.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Mangalam Cement Q4 PAT down 15% at Rs 19.5 cr

Mangalam Cement has announced its fourth quarter results. The company's Q4 revenues were down 8% at Rs 154.8 crore versus Rs 169.1 crore.

Its PAT was down 15% at Rs 19.5 crore versus Rs 22.9 crore.

Its EBITDA margin was at 29% versus 32%.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Firstsource Solutions Q4 PAT up 9% at Rs 38 cr

Firstsource Solutions has declared its fourth quarter results. The company's net sales were up 6.2% at Rs 546.4 crore versus Rs 514.6 crore.

Its EBIT was up 16.7% at Rs 55.9 crore versus Rs 47. 9 crore.

Its EBIT at 10.2% versus 9.3%.

Its PAT was up 9.4% at Rs 38.3 crore versus Rs 35 crore.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Hexaware Q1 net profit up 36% at Rs 53.8 cr

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Escorts Mutual Fund Declares Dividend for Three Schemes

Escorts Mutual Fund has declared dividend under the dividend options of the following schemes:



Scheme		Dividend (Rs per unit)
Escorts Income Plan		0.07
Escorts Short Term Debt Fund		0.1
Escorts Income Bond		0.1

The record date is May 3, 2011.

Source: www.valueresearchonline.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

HDFC Mutual Fund Declares Dividend

HDFC Mutual Fund has approved the declaration of dividend under dividend option of following schemes:

Schemes
HDFC FMP 13M Mar 2010 (2)-D
HDFC FMP 13M Mar 2010 (2)-DQ
HDFC FMP 13M Mar 2010 (3)-D
HDFC FMP 13M Mar 2010 (3)-DQ
HDFC FMP 367D Apr 2010 (1)-D
HDFC FMP 367D Apr 2010 (1)-DQ
HDFC FMP 35D Mar 2011 (2)-D

The quantum of declaration for the above mentioned schemes will be 100 per cent of the distributable surplus as available under the plan(s) on the record date.

The record date is May 2, 2011.

Source: www.valueresearchonline.com

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Maulik Doshi

DENIP Consultants Pvt. Ltd.

Thursday, April 28, 2011

Fmp Details(As on 28/4/2011)

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Maulik Doshi

DENIP Consultants Pvt. Ltd.

Wednesday, April 27, 2011

Exide Ind Q4 net profit up 22% at Rs 164 cr

Exide Industries has announced its fourth quarter results. The company's Q4 net profit was up 22% at Rs 164 crore versus Rs 134 crore, year-on-year, YoY.

Its net sales were up 19% at Rs 1,226 crore versus Rs 1,028 crore, year-on-year, YoY.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

United Breweries Q4 PAT up 53% at Rs 40.09 cr

United Breweries has declared its fourth quarter results. The company's Q4 net profit was up 53% at Rs 40.09 crore versus Rs 26.15 crore.

Its net sales were up 47% at Rs 840 crore versus Rs 573 crore.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dabur India Q4 cons net profit up 9% at Rs 147 cr

Dabur India has announced its fourth quarter results. The company's Q4 consolidated net profit was up 8.8% at Rs 147 crore versus Rs 135 crore, year-on-year, YoY.

Its consolidated net sales were up 31% at Rs 1,117.2 crore versus Rs 855.1 crore, YoY.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Tata Elxsi FY11 cons net profit at Rs 32.5 cr

Tata Elxsi has announced its FY11 consolidated net profit was at Rs 32.5 crore.

Its consolidated net sales were up at Rs 416 crore versus Rs 388 crore.

Tata Elxi Q4
Its net profit was up at Rs 11 crore versus Rs 5.6 crore, quarter-on-quarter (QoQ).

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Castrol India Q1 PAT up 17% at Rs 137 cr

The second largest player in the Indian lubricant industry, Castrol India has declared its first quarter FY12 net profit at Rs 137 crore, growth of 17% as compared to Rs 117 crore, same quarter previous year.

Its total income were up 15% to Rs 753 crore versus Rs 656 crore, YoY.

Its expenditures was up 20% at Rs 578 crore versus Rs 482 crore.

Its EBITDA was up 1% at Rs 182 crore versus Rs 180 crore.

The company's OPM was at 24% versus 27%.

Segment Performance
Automotive rev up 15% at Rs 651cr; EBIT up 9% at Rs 165cr

Non-Automotive rev up 14% at Rs 100cr; EBIT up 4% at Rs 27cr

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Thomas Cook Q1 PAT 43% at Rs 4.5 cr

Thomas Cook Q1 revenue was up 11.4% at Rs 78 crore versus Rs 70 crore. Its PAT was down 43% at Rs 4.5 crore versus Rs 7.9 crore.

Its EBITDA margin was 5% versus 15.9%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Blue Dart Q1 PAT up 52% at Rs 36.1 cr

Blue Dart Q1 revenue was up 31 % at Rs 336.3 crore versus Rs 257.5 crore. Its PAT was up 52% at Rs 36.1 crore versus Rs 23.8 crore.

Its EBITDA margin was at 16% versus 15%.

Source: www.moneycontrol.com

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Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Patni Q1 cons net profit down 32.7% at USD 26.5 m

Patni Computer, which recently acquired by iGate Solutions, has reported first quarter CY11 consolidated net profit of USD 26.5 million, declined 32.7% as compared to USD 39.4 million in December quarter.

Consolidated revenues increased 3.8% to USD 190 million from USD 183 million on quarter-on-quarter basis.

Operating profit declined to USD 32.1 million from USD 33.1 million on quarter-on-quarter basis. Operating profit margin grew at 16.87% as against 18.08%.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Delta Corp FY11 PAT up 1269% at Rs 165.7 cr

Delta Corp has reported profit after tax of Rs 165.7 crore in financial year 2010-11, a 1269.4% growth as compared to Rs 12.1 crore in previous year.

Results included sale of Prabhadevi land for Rs 250 crore in the second quarter of FY11.

Net sales jumped 184% to Rs 376 crore from Rs 132.5 crore in the same period.
Net sales for the quarter ended March 2011 stood at Rs 40.1 crore, which grew nearly 30% as compared to Rs 30.9 crore in same period the previous year. Gaming sales went up 61.8% to Rs 27.5 crore from Rs 17 crore in the same period.

Profit after tax shot up 1267% to Rs 24.6 crore versus Rs 1.8 crore on year-on-year basis.

However, EBIDTA declined at Rs 91 lakh as against Rs 9.82 crore and EBIDTA margin grew at 2.3%, much lower as compared to 31.8% in Q4FY10.

Delta Corp has received tax refund of Rs 22.8 crore in the fourth quarter as against outgo of Rs 37 lakh in Q4FY10. ((MAT credit entitlement on account of Prabhadebi land sale).

Other income went up at Rs 3 crore from Rs 10 lakh.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Wipro Q4 cons net profit up 4.3% at Rs 1,375 cr

Software services major Wipro's fourth quarter (January-March) net profit grew 4.3% quarter-on-quarter to Rs 1,375 crore, slightly better than analyst estimates. A CNBC-TV18 poll had forecast Wipro's quarterly net profit at Rs 1,368 crore.

India's third largest software exporter's logged quarterly revenues of Rs 8,302 crore, up 6% sequentially, and ahead of the Rs 8,230 crore predicted by the poll.

In spite of surge in profit, the company's guidance for the next financial year has turned from neutral to negative. It expects global IT revenues at USD 1.39-1.42 billion in the first quarter of FY12.

The consolidated net sales for the quarter jumped 6% to Rs 8,302 crore as against Rs 7,829.3 crore in the quarter ended December 2010.

Earnings before interest, tax, depreciation and amortisation (EBITDA) margin stood at 20.56%, which was less-than-street estimates of 20.8%.

Revenues from IT services segment went up by 5.7% to Rs 6,289 crore from Rs 5,948 crore on quarter-on-quarter basis. EBIT margin for the same segment were almost flat at 22.07% versus 22.2% on QoQ basis.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Reliance Mutual Fund has announced that Ms. Jahnvee Shah has been appointed as the Fund Manager for Overseas Investment, with effect from April 16, 20

Religare Mutual Fund has approved the declaration of dividend under dividend option of Religare FMP - Series V - Plan C (3 Months). The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date.

The record date is May 2, 2011

Source:www.valueresearchonline.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Birla Sun Life Mutual Fund has approved the declaration of dividend under the dividend option of the following schemes:



Scheme		Dividend (Rs per unit)
BSL 95		6.5
BSL Buy India		1.75
BSL Infrastructure		0.75

The record date is April 29, 2011.

Petronet LNG has declared its fourth quarter results. The company's Q4 net profit was up 112% at Rs 206 crore versus Rs 97.3 crore.

Its net sales were up 67% at Rs 3,985 crore versus Rs 2,385 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Ambuja Cem Q1 net profit down 12% at Rs 408 cr

Ambuja Cements has announced its first quarter results. The company's Q1 net sales were up 11% at Rs 2,207 crore versus Rs 1,990.1 crore, year-on-year, YoY.

Its net profit was down 12% at Rs 407.5 crore versus Rs 462.2 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Indo Rama Synth Q4 PAT up at Rs 101 cr

Indo Rama Synthetics (India) has declared its fourth quarter results. The company's Q4 net profit was up at Rs 101 crore versus Rs 5 crore, year-on-year, YoY.

Its net sales were up at Rs 854 crore versus Rs 628 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

UltraTech Cement Q4 net profit up 126% at Rs 720 cr

Aditya Birla group company UltraTech Cement has posted fourth quarter net profit of Rs 720 crore, 125.71% growth as compared to Rs 319 crore in quarter ended December 2010.

Net sales jumped 20.9% to Rs 4,490 crore in January-March quarter as against Rs 3,715 crore in previous quarter.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ACC Q1 net profit up 41% to Rs 350 cr

India's foremost cement manufacturer ACC has reported 41% growth in its first quarter of CY11 net profit of Rs 350 crore as against Rs 248 crore in previous quarter.

However, consolidated net profit declined nearly 10.9% as compared to Rs 392.9 crore in first quarter of CY10.

Net sales for the January-March quarter stood at Rs 2,398 crore, growth of 14.63% as compared to Rs 2,092 crore in quarter ended December 2010 and

Consolidated net sales for the quarter ended March 2011 was Rs 2,556.2 crore, more than 14.1% growth over Rs 2,240.4 crore in same quarter the previous year.

Numbers were better-than-expected - CNBC-TV18 poll saw net profit at Rs 299 crore and sales of Rs 2,430 crore.

Consolidated profit before tax declined 14.7% to Rs 481 crore from Rs 564 crore on year-on-year basis.

The company reported earnings before interest, depreciation, tax and amortisation (EBIDTA) margin at 22.9% versus 29.2% (YoY).

Sales volume increased 10.4% to 6.16 million tonne in the quarter ended March 2011 as against 5.58 million tonne in same quarter the previous year.

Total expenditure incurred by ACC in the January-March quarter went up by 23% to Rs 2,119 crore on year-on-year basis.

Consumption of raw material went up 40.7% to Rs 470 crore from Rs 334 crore and power and fuel cost increased by 22% to Rs 482 crore from Rs 395 crore on year-on-year basis.

Interest cost jumped 86% to Rs 25.3 crore from Rs 13.62 crore.

Realization remained challenged for the company due to steep escalations in input cost.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

ITC, Ruchi Soya in world's 50 fastest growing consumer firms

Two Indian companies ITC and Ruchi Soya were among the world's 50 fastest growing consumer firms during the June 2009-June 2010 period, according to the latest annual report by market research firm Deloitte.

According to the 4th annual report "Global powers of the consumer products industry 2011," by the firm, India's ITC Ltd., which sells cigarettes, food and personal care products besides presence in hospitality and paper segments, has been ranked 15th in the list, while edible oil maker Ruchi Soya stood at the 20th position.

The Deloitte report identified 250 largest consumer products companies, based on data available for the 12-month period between June 2009 and June 2010.

During the period, ITC's net sales stood at $4.04 billion at a growth rate rate of 17.2 per cent, while Ruchi Soya grew by 14.3 per cent with an annual sales of $3.01 billion.

France's food processing firm Groupe Bigard SA topped the list by growing at a rate of 80 per cent and sales of $6.27 billion for the period.

"Currently, while India is represented by only two companies among the 50 fastest growing consumer product companies, there is a huge potential as large Indian conglomerates in the consumer business sector are witnessing strong growth," Deloitte in India Senior Director Rajan Divekar said.

He said India's growth story comes from the increasing consumption power among Indians and the modernisation of retailing.

"As the Indian retail industry modernises, the cost of distribution is likely to fall, suppliers will have an incentive to invest in technology and consumers will gain access to cheaper, fresher and safer products," he said.

While the list was mainly dominated by food, beverages and tobacco firms, most of the companies were from emerging markets, including Latin America and Asia Pacific region.

Source: www.economictimes.indiatimes.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Addendum Banking & Financial Services Fund of 25.04.2011

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Maulik Doshi

DENIP Consultants Pvt. Ltd.

FMP Details as on 26/04/2011

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Maulik Doshi

DENIp Consultants Pvt. Ltd.

Monday, April 25, 2011

Gillette India Q3 net profit down at Rs 20.73 cr

Gillette India has declared its third quarter results. The company's Q3 net profit was down at Rs 20.73 crore versus Rs 42.7 crore, year-on-year, YoY.

Its net sales were up at Rs 263 crore versus Rs 164 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Ballarpur Ind Q3 PAT up 11% at Rs 49.2 cr

Ballarpur Industries has declared its third quarter results. The company's Q3 consolidated net profit was up 11% at Rs 49.2 crore versus Rs 44.3 crore, year-on-year, YoY.

Its net sales were up 13% at Rs 1,164 crore versus Rs 1,032 crore, YoY.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Geometric Q4 PAT up 16% at Rs 17.8 cr, QoQ

Geometric has declared its fourth quarter results. The company's Q4 consolidated net profit was up 51% at Rs 17.8 crore versus Rs 11.8 crore, year-on-year, YoY.

Its consolidated net sales were up 34% at Rs 170 crore versus Rs 127 crore, YoY.

QoQ
Its consolidated net profit was up 16% at Rs 17.8 crore versus Rs 15.3 crore, quarter-on-quarter, QoQ.

Its consolidated net sales were up 4% at Rs 170 crore versus Rs 163.2 crore, QoQ.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Sterlite Inds beats estimates, Q4 net profit jumps 35%

UK-based Vedanta's Indian subsidiary Sterlite Industries has reported fourth quarter consolidated net profit of Rs 1,925 crore - quite better-than-expected of Rs 1,330 crore - a growth of 35% as compared to Rs 1,425 crore in same quarter the previous year.

Consolidated net sales shot up 40% to Rs 10,000 crore in January-March quarter 2011 as against Rs 7,150 crore in same quarter of 2010, which CNBC-TV18 was expected at Rs 8,928 crore.

Earnings before interest, depreciation, tax and amortisation (EBIDTA) went up by 44% to Rs 3,058 crore from Rs 2,120 crore on year-on-year basis.

EBIDTA margin too improved at 31% versus 30% (YoY).

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Maruti Suzuki Q4 net profit up 0.5% at Rs 660 cr

India's largest car maker Maruti Suzuki has reported fourth quarter net profit of Rs 660 crore, a growth of 0.5% as compared to Rs 656.5 crore in same quarter the previous year. It was quite better-than-expectations - CNBC-TV18 poll saw net profit at Rs 619 crore.

Net sales went up by 19.8% to Rs 9,863 crore in January-March quarter 2011 as against Rs 8,235 crore in same quarter 2010. Street was expecting the same at Rs 9814 crore.

Sales are in line with expectations, says Prayesh Jain of IIFL. "Margins have been a positive surprise. But Maruti’s operating profit margin has to improve for it outperform."

Other operating income declined at Rs 186 crore from Rs 205 crore on year-on-year basis.

Raw material cost was up by 24% at Rs 7,598 crore from Rs 6,128 crore (YoY).
Maruti says, FY11 profit hit by adverse currency movement.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Stride Arcolab Q1 net profit up 2% at Rs 40 cr

Stride Arcolab has declared its first quarter results. The company's Q1 consolidated net profit was up 2.26% at Rs 40.7 crore versus Rs 39.8 crore.

Its consolidated net sales were up 30.25% at Rs 486.5 crore versus Rs 373.5 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

BOC India Q4 net profit up at Rs 26.7 cr

BOC India has declared its fourth quarter results. The company's Q4 net profit was up 12% at Rs 26.7 crore versus Rs 23.8 crore, year-on-year, YoY.

Its net sales were down 12% at Rs 224 crore versus Rs 255 crore, YoY.

Q1FY11 YoY

Material Consumed down 82% at Rs 10 crore

Power and Fuel up 39% at Rs 69 crore

Contract Job Exps down 60% at Rs 13 crore

Freight and Transportation expenses up 40% at Rs 19 crore

Depreciation expenses up 42% at Rs 17 crore.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Dhanlaxmi Bank FY 11 net up 11.8% at Rs 26 crore

The Dhanlaxmi Bank's loan-book witnessed a sharp growth largely due to a greater thrust on the retail segment and diversification across regions, the release said.

Total advances and total deposits continued to rise during the quarter, registering a year-on-year growth of 81.1% and 76.5%, respectively.

"Our focused approach to improve productivity across all business verticals has resulted in significant increase in profits...we are confident to deliver long-term growth for our customers and shareholders," Kabra said.

The bank's total income increased from Rs 182.4 crore in Q4 FY 10 to Rs 342.2 crore, recording a growth of 87.6%. Non-interest income rose from Rs 31.9 crore to Rs 46.1 crore in Q4 FY 11, an increase of 44.3% as a result of a focused thrust on fee-based business.

"On the NPA front, we achieved much success," Kabra said.

The gross NPA ratio declined from 1.54% as on March 31, 2010 to 0.74% as on March 31, 2011. NPAs worth Rs 10.41 crore were recovered during the year, he said.

The private lender''s total capital adequacy ratio (CAR) as at March 31, 2011 (computed as per Basel II guidelines) remained strong at 11.8%, the CFO added.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Indian Bank Q4 net profit up 7% at Rs 438.8 cr

Indian Bank has reported 10.23% growth in financial year 2010-11 net profit of Rs 1,714 crore as against Rs 1,554 crore in previous year.

Net interest income (NII) went up by 27% to Rs 4,036.1 crore and operating profit was up by 19.8% to Rs 3,291 crore from Rs 2,747 crore.

The bank has posted 7% growth in fourth quarter net profit of Rs 438.8 crore as against Rs 410 crore in same quarter the previous year.

Total income was at Rs 2,866 crore in fourth quarter, 24% growth as compared to Rs 2,318 crore in previous quarter.

Tier I capital stood at 11.02% and capital adequacy ratio was at 13.56% in Q4FY11. Earnings per share improved to Rs 38.79 versus Rs 35.09.

Source: www.moneycontrol.com

Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd

Saturday, April 23, 2011

Weekly Market Outook - 4th Week of April - 25th April to 29th April 2011 - Disclaimer Post Applies

Weekly Market Outook - 4th Week of April - 25th April to 29th April 2011

While we maintain our downside view on the Nifty we would watch for a close above 5910 which would then violate the down move and then possible upside targets could be around the 6050 – 6100 levels. However if the down trend resumes from Monday we could witness a fall till 5725 levels. On a close below 5700 we would definitely see a fall till 5550 – 5575.

Stock Trading Ideas

· BHEL – Short this stock at 2057.5 for a target of 2032/2010/1991

· Axis Bank – Buy this stock at 1449 for a target of 1459/1467/1485.

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd

ICICI Prudential Mutual Fund

NOTICE -CUM-ADDENDUM TO THE

Scheme Information Document / Key Information Memorandum of ICICI

Prudential Equity & Derivatives Fund - Wealth Optimiser Plan (the Scheme)

NOTICE is hereby given that the Trustee of ICICI Prudential Mutual Fund (the Fund) have,

in terms of the enabling provisions of the Scheme Information Document of the Scheme,

have notified the following change in the name of the Scheme, which shall be applicable

with immediate effect:

Investors are requested to make a note of the above change. The above change has been made to make the name of the scheme simpler for the investors and to capture the essence of the fund. All the other provisions of the Scheme Information Document/Key Information Memorandum/ addendums except as specifically modified herein above will remain applicable to the schemes. This Notice-cum-Addendum forms an integral part of the Scheme Information Document /Key Information Memorandum/ addendums of the scheme of ICICI Prudential Mutual Fund, as amended from time to time.

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Central bank rider to Enam-Axis deal

RBI objects to Bhansali’s induction to the bank’s board.

The Reserve Bank of India (RBI) has approved, in principle, Axis Bank’s acquisition of select businesses of Enam Securities, but objected to the induction of Vallabh Bhansali, co-founder and chairman of the broking company, on the bank’s board.

Bhansali’s induction on the bank’s board as an independent director was a part of the deal.

“Other terms of the RBI’s in-principle approval include the stipulation that no shareholder of Enam Securities acquiring shares of Axis Bank under the scheme of arrangement would be eligible for being a director on the board of the bank,” the bank said in a statement.

Axis Bank’s Executive Director and Chief Financial Officer, Somnath Sengupta, said the bank had not decided if Bhansali would be included in the bank in any other role.

“The bank is in the process of examining the implications of the conditions laid down by the RBI, and is reviewing the scheme of arrangement in order to proceed with the completion of the transaction,” he said.

The central bank also asked Axis to revise the scheme of accounting and the eventual structure of the business proposed to be acquired.

Sengupta said the acquisition was expected to be completed in a couple of months. He dismissed reports that the RBI had raised objections on the valuation of the deal.

In November, Axis Bank had said it would merge the equities and investment banking businesses of Enam Securities. The deal size is estimated to be Rs 2,067 crore. Shareholders of Enam are to get 5.7 shares of Axis Bank for every share held in the broking company.

Source: www.indianbanks.org

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

5 Popular Portfolio Types

5 Popular Portfolio Types
Stock investors constantly hear the wisdom of diversification. The concept is to simply not put all of your eggs in one basket, which in turn helps mitigate risk, and generally leads to better performance or return on investment. Diversifying your hard-earned dollars does make sense, but there are different ways of diversifying, and different portfolio types. We look at the following portfolio types and suggest how to get started building them: aggressive, defensive, income, speculative and hybrid. It is important to understand that building a portfolio will require research and some effort. Having said that, let's have a peek across our five portfolios to gain a better understanding of each and get you started.

1. The Aggressive Portfolio
An aggressive portfolio or basket of stocks includes those stocks with high risk/high reward proposition. Stocks in the category typically have a high beta, or sensitivity to the overall market. Higher beta stocks experience larger fluctuations relative to the overall market on a consistent basis. If your individual stock has a beta of 2.0, it will typically move twice as much in either direction to the overall market - hence, the high-risk, high-reward description.

Most aggressive stocks (and therefore companies) are in the early stages of growth, and have a unique value proposition. Building an aggressive portfolio requires an investor who is willing to seek out such companies, because most of these names, with a few exceptions, are not going to be common household companies. Look online for companies with earnings growth that is rapidly accelerating, and have not been discovered by Wall Street. The most common sectors to scrutinize would be technology, but many other firms in various sectors that are pursuing an aggressive growth strategy can be considered. As you might have gathered, risk management becomes very important when building and maintaining an aggressive portfolio. Keeping losses to a minimum and taking profit are keys to success in this type of portfolio.

2. The Defensive Portfolio
Defensive stocks do not usually carry a high beta, and usually are fairly isolated from broad market movements. Cyclical stocks, on the other hand, are those that are most sensitive to the underlying economic "business cycle."

The opportunity of buying cyclical stocks is that they offer an extra level of protection against detrimental events. Just listen to the business stations and you will hear portfolios managers talking about "drugs," "defense" and "tobacco." These really are just baskets of stocks that these managers are recommending based upon where the business cycle is and where they think it is going. However, the products and services of these companies are in constant demand. A defensive portfolio is prudent for most investors. A lot of these companies offer a dividend as well

which helps minimize downside capital losses.

3. The Income Portfolio
An income portfolio focuses on making money through dividends or other types of distributions to stakeholders. These companies are somewhat like the safe defensive stocks but should offer higher yields. An income portfolio should generate positive cash flow. Real estate investment trusts (REITs) and master limited partnerships (MLP) are excellent sources of income producing investments. These companies return a great majority of their profits back to shareholders in exchange for favorable tax status. REITs are an easy way to invest in real estate without the hassles of owning real property: vacancy issues, repairs and the other types of issues a landlord faces when trying to rent property. Keep in mind, however, that these stocks are also subject to the economic climate. REITs are groups of stocks that take a beating during an economic downturn, as building and buying activity dries up.

An Income portfolio is a nice complement to most people's paycheck or other retirement income. Investors should be on the lookout for stocks that have fallen out of favor and have still maintained a high dividend policy. These are the companies that can not only supplement income but also provide capital gains. Utilities and other slow growth industries are an ideal place to start your search.

4. The Speculative Portfolio
A speculative portfolio is the closest to a pure gamble. A speculative portfolio presents more risk than any others discussed here. Finance gurus suggest that a maximum of 10% of one's investable assets be used to fund a speculative portfolio. Speculative "plays" could be initial public offerings (IPOs) or stocks that are rumored to be takeover targets. Technology or healthcare firms that are in the process of researching a breakthrough product, or a junior oil company which is about to release its initial production results, would fall into this category.
Another classic speculative play is to make an investment decision based upon a rumor that the company is subject to a takeover. One could argue that the widespread popularity of leveraged ETFs in today's markets represent speculation. Again, these types of investments are alluring: picking the right one could lead to huge profits in a short amount of time. Speculation may be the one portfolio that, if done correctly, requires the most homework. Speculative stocks are typically trades, and not your classic "buy and hold" investment.

5. The Hybrid Portfolio
Building a hybrid type of portfolio means venturing into other investments, such as bonds, commodities, real estate and even art. Basically, there is a lot of flexibility in the hybrid portfolio approach. Traditionally, this type of portfolio would contain blue chip stocks and some high grade government or corporate bonds. REITs and MLPs may also be an investable theme for the balanced portfolio. A common fixed income investment strategy approach advocates buying bonds with various maturity dates, and is essentially a diversification approach within the bond asset class itself. Basically, a hybrid portfolio would include a mix of stocks and bonds in a relatively fixed allocation proportions. This type of approach offers diversification benefits across multiple asset classes as equities and fixed income securities tend to have a negative correlation with one another.

Conclusion
At the end of the day, investors should consider ALL of these portfolios and decide on the right allocation across all five. Here, we have laid the foundation by defining five of the more common types of portfolios. Building an investment portfolio does require more effort than a passive, index investing approach. By going it alone, you will be required to monitor your portfolio(s) and rebalance more frequently, thus racking up commission fees. Too much or too little exposure to any portfolio type introduces additional risks. Despite the extra required effort, defining and building a portfolio will increase your investing confidence, and give you control over your finances.

L&T Mutual Fund has approved the declaration of dividend under dividend option of L&T FMP - 2 ( January 90D A). The quantum of declaration will be 100 per cent of the distributable surplus as available under the plan(s) on the record date.

The record date is April 27, 2011.

The scheme would also mature on the same day and accordingly, units shall be suspended from trading on the NSE, where the scheme is listed.

Source: www.valueresearch.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.

Suspension of Trading for ICICI Prudential FMP-Series 51-13M Plan C

ICICI Prudential Mutual Fund has announced suspension of trading under ICICI Prudential FMP-Series 51-13 Months Plan C, with effect from April 26, 2011, in view of the scheme maturing on April 27, 2011. The record date for determining the eligible unit holders who would be entitled for the redemption proceeds shall be April 27, 2011.

Source: www.valueresearch.com

Thanks & Regards,

Maulik Doshi

DENIP Consultants Pvt. Ltd.