indian stock market

F or the premier Bombay Stock Exchange that pioneered the stock broking activity in India, 128 years of experience seems to be a proud milestone. A lot has changed since 1875 when 318 persons became members of what today is called The Stock Exchange, Mumbai by paying a princely amount of Re 1. Since then, the country's capital markets have passed through both good and bad periods. The journey in the 20th century has not been an easy one. Till the decade of eighties, there was no scale to measure the ups and downs in the Indian stock market. The Stock Exchange, Mumbai in 1986 came out with a stock index that subsequently became the barometer of the Indian stock market. Sensex is not only scientifically designed but also based on globally accepted construction and review methodology. First compiled in 1986, Sensex is a basket of 30 constituent stocks representing a sample of large, liquid and representative companies. The base year of Sensex is 1978-79 and the base ...

                  SKF India Ltd. - Q4CY07 Update, CMP Rs.365, Maintained Buy, with a Target Price Rs.540            For SKF India, 2007 has been a historical year. It marked 100 years of its existence in India and more importantly, it posted one its best         financial        performances ever for year ended 31 st December 2007.   For the 12 months ended 31 st December 2007, the company posted net sales of Rs.1,568.30 crore, a 17% increase on a YoY basis. EBIDTA surged by a very healthy 52% at Rs.265.24 crore. PBT rose higher by 64% at Rs.247.36 crore. PAT was up by a smart 58% at Rs.160.71 crore, its highest PAT ever!   ·          On an equity capital of Rs.52....

Electrifying growth to continue In spite of the track record of consistent high growth and promising future, the scrip continues to be available at attractive valuation Buy Bajaj Electricals BSE Code 500031 NSE Code BAJAJELEC Bloomberg BJE@IN Reuter BJEL.BO 52-week High/Low Rs 740 / 189 Current Price Rs 498 (as on 22nd February 2008) A part of the Shekhar Bajaj Group (Promoter holding: 67.49%), Bajaj Electricals (BEL) is a 69-year-old Engineering company, with interest in Lighting, Luminaires, Appliances, Fans, and Engineering & Projects. It has 19 branch offices, a chain of 600 distributors, 3000 authorised dealers, over 1,20,000 retail outlets and over 200 service franchises spread across the country. PAT up 90% for the quarter and 103% for the nine month ended December 2007 The company has been focusing on enhancing revenue growth through introduction of new products, expansion of the dealer and retailer network along with good brand b...

Two FM radio broadcasters rose between 5% to 5.5% after the telecom regulator recommended allowing ownership of multiple FM channels by a single operator and raising the foreign direct investment limit. Entertainment Network India rose 5.5% to Rs 476.45 and Mid-Day Multimedia hit 5% upper circuit at Rs 40. Meanwhile, BSE Sensex was down 342.17 points or 1.93% to 17,392.51 as US and Asian stock markets fell on heightened fears of a US recession. Entertainment Network India's net profit declined 35.1% to Rs 8.05 crore on 45.6% rise in sales to Rs 68.05 crore in Q3 December 2007 over Q3 December 2006. Mid-Day Multimedia's net profit declined 55.2% to Rs 0.99 crore on 5.7% rise in sales to Rs 28.22 crore in Q3 December 2007 over Q3 December 2006

Bliss GVS Pharma gained 1.10% to Rs 494.75 at 11:01 IST on BSE, on setting record date for a 10-for-1 stock split. On BSE, 1,306 shares were traded in the counter. The scrip had an average daily volume of 5,577 shares in the past one quarter. The stock hit a high of Rs 505.10 and low of Rs 480.60 so far during the day. The stock had a 52-week high of Rs 785.85 on 18 January 2008 and a 52-week low of Rs 41.05 on 5 March 2007. The small-cap scrip had underperformed the market over the past one month till 21 February 2008, declining 22.87% compared to the Sensex's return of 0.80%. It had outperformed the market in the past one quarter, gaining 2.15% compared to Sensex's decline of 5.93%. The company's current equity is Rs 6.31 crore. Face value per share is Rs 10. The current price of Rs 494.75 discounts its Q3 December 2007 annualized EPS of Rs 52.61, by a PE multiple of 9.40. Bliss GVS Pharma has fixed 18 March 2008 as the record date for a 10-for-1 stock...

  Bliss GVS Pharma Ltd has informed BSE that March 18, 2008 has been fixed as the Record Date for the purpose of stock split of Rs 10/- per share of the Company into the shares of Rs 1/- each .

Six IT stocks rose between 3.62% to 7.59% at 12:36 IST on BSE after US Federal Reserve signaled its intention to keep cutting rates and Hewlett-Packard Corporation gave a strong profit outlook. Meanwhile, BSE Sensex was up 76.16 points or 0.43% to 17,677.88, on positive cues from the global markets. Satyam Computer Services (up 7.59% to Rs 454.55), Mphasis (up 6.56% to Rs 247), Patni Computer Systems (up 5.86% to Rs 267.50), Tata Consultancy Services (up 4.85% to Rs 927.50), Wipro (up 3.82% to Rs 427) and Infosys (up 3.62% to Rs 1,625) edged higher. Hewlett-Packard Corporation reported quarterly profit that beat Wall Street's estimates. Investors in US markets bet strong overseas sales will sustain profits in the computer industry. Meanwhile, minutes from the Federal Reserve's latest policy setting meeting revived optimism that the central bank will stay aggressive to keep the economy from falling into recession. Exports to United States, contribute to more t...