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Trade Performance for 23-10-2008
We gave only 1 call today, as we faced some technical problem for the whole day.
- Buy TATA CHEM @ 161 sl 158 tgt 164. - When reached it was 160.50. Exited @ 162.50 . Made profit of Re 2/share. It traded with 500 shares, then Profit of Rs. 1000/trade.
Profit - Rs. 1000/trade on TATA CHEM.
****** All Qty mentioned here is our suggested qty, that we mentioned in our Trading SMS with each call..
Links to This Week Performance Report ( 20-10-2008 to 24-10-2008)
Trade Performance for 20-10-2008 - Posted below the dated 21/10
Trade Performance for 21-10-2008
Trade Performance for 22-10-2008
Reliance Industries - India`s largest private sector company, announced a small rise in its standalone net profit for the second quarter ended September 2008 beating analysts` expections. During the quarter, the profit of the company rose 7.43% to Rs 41,220 million from Rs 38,370 million in the same quarter, previous year. Analysts polled by Bloomberg had estimated profit of Rs 40,139 million for September 2008 quarter. Net sales for the quarter rose 39.77% to Rs 447,870 million, against analysts forecast of Rs 433, 940 million, total income for the quarter rose 39.51% to Rs 449,380 million, when compared with the prior year period. The company posted earnings of Rs 28.40 a share during the quarter, registering 7.58% growth over prior year period.During the quarter, the operating margin of the company fell by 358.63 basis points to 14.46% compared with the previous year period. Interest cost increased 70.04% to Rs 4,370 million while depreciation cost rose 11.96% to Rs 12,640 million over previous year period.
Jaiprakash Hydro - Announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 47.45% to Rs 668.50 million from Rs 1,272.10 million in the same quarter last year. Net sales declined marginally 8.54% to Rs 1,083 million, while total income for the quarter fell 8.17% to Rs 1,155.50 million, when compared with the prior year period. The company reported earnings of Rs 1.36 a share during the quarter, registering 47.49% decline over prior year period.During the quarter, the operating margin of the company declined by 58 basis points to 94.85% compared with 95.43% of the previous year period. Interest cost decreased 12.30% to Rs 229.50 million while depreciation cost rose 0.17% to Rs 116.20 million over previous year period.
Jaiprakash Hydro - Announced a substantial drop in standalone net profit for the quarter ended September 2008. During the quarter, the profit of the company declined 47.45% to Rs 668.50 million from Rs 1,272.10 million in the same quarter last year. Net sales declined marginally 8.54% to Rs 1,083 million, while total income for the quarter fell 8.17% to Rs 1,155.50 million, when compared with the prior year period. The company reported earnings of Rs 1.36 a share during the quarter, registering 47.49% decline over prior year period.During the quarter, the operating margin of the company declined by 58 basis points to 94.85% compared with 95.43% of the previous year period. Interest cost decreased 12.30% to Rs 229.50 million while depreciation cost rose 0.17% to Rs 116.20 million over previous year period.
Punj Lloyd - An engineering and construction company, on consolidated basis, disclosed a 61.08% rise in net profit of Rs 1,441.20 million for the second quarter ended Sep. 30, 2008 as compared to Rs 894.70 million for the quarter ended Sep. 30, 2007. The total Income increased 53.48% from Rs 19,247.10 million for the quarter ended Sep. 30, 2007 to Rs 29,540.80 million for the quarter ended Sep. 30, 2008. On standalone basis, the company disclosed a phenomenal rise in net profit for the quarter ended September 2008. During the quarter, the profit of the company rose 2.81 times to Rs 880.50 million from Rs 313.70 million in the same quarter, last year. Net sales for the quarter surged 52.47% to Rs 15,835.20 million, while total income for the quarter jumped 50.18% to Rs 15,838.60 million, when compared with the prior year period. The company reported earnings of Rs 2.90 a share during the quarter, registering 2.66 times growth over prior year period. During the quarter, the operating margin of the company climbed 393.41 basis points to 12.98% compared with the previous year`s period of 9.05%. Interest cost increased 29.53% to Rs 418.90 million while depreciation cost rose 0.78% to Rs 271.20 million over previous year period.
- Everest Kanto Q2 net profit Rs. 43.17 crs from Rs. 12.71 crs YoY
- Sterlite Inds.Q2 net profit up by 18percent to Rs. 1277 crs from Rs. 1082.74 crs YoY
- Praj Inds Q2 net profit up by 11percent to Rs. 30.18 crs from Rs. 27.09 crs YoY
- Jagran Prakashan Q2 net profit up by 3percent to Rs. 22.70 crs from Rs. 22 crs YoY
- HCL Infosystems Q2 net prodit up by 3percent to Rs. 67.4 crs from Rs. 65.69 crs QoQ
- Unichem Labs. Q2 net profit up by 65percent to Rs. 35.07 crs from Rs. 21.27 crs YoY
- Rajesh Exports Q2 net profit down by 51percent to Rs. 26.48 crs from Rs. 54.24 crs YoY
- Sadbhav Engg. Q2 net profit down by 9 pc to Rs. 5.05 crs from Rs. 5.55 crs YoY
- Monnet Ispat Q2 net profit up by 69percent to Rs. 62 crs from Rs. 36.78 crs YoY
- Exide Inds. Q2 net profit up by 25percent to Rs. 77.84 crs from Rs. 62.24 crs YoY
- Bajaj Auto Q2 net profit down by 6percent to Rs. 185 crs from Rs.175 crs QoQ
- Hind.Oil Explor. Q2 net profit up by 73percent to Rs. 12.87 crs from Rs. 7.46 crs YoY
- Cummins India Q2 net profit up by 41percent to Rs. 93.92 crs from Rs. 66.46 crs YoY
- Grasim Inds. Q2 net profit down by 22 PC to Rs. 486 crs from Rs. 620 crs YoY
- Apollo Tyres Q2 net profit down by 71 pc to Rs. 15 crs from Rs. 51.11 crs YoY
- K E C International Q2 net profit down by 47 pc to Rs. 17.8 crs from Rs. 33.89 crs YoY
- Vijaya Bank Q2 net profit down by 24percent to 80 Crs Vs 105.5 YoY
- Ajanta Pharma Q2 net profit up by 53percent to 4.32 Crs Vs 2.81 Crs YoY
- City Union Bank Q2 net profit up by 40percent to 37.65 Crs Vs 26.80 Crs YoY
- Tanla Solutions(conso) Q2 net profit up by 25percent to 70.54 Crs Vs 56 Crs YoY
- Dena Bank Q2 net profit up by 12percent to 103 Crs Vs 92 Crs YoY
- Selan Expl. Tech Q2 net profit Rs 23 Crs Vs 3 Crs YoY
- Kalindee Rail Q2 net profit up by 9percent to 3.18 Crs Vs 2.91 Crs YoY
- Jindal Saw Q2 net profit up by 11percent to 100 Crs Vs 90.07 Crs YoY
Nifty below 3000 mark , Sensex below 10000 - Slide Continuedd
Indian Market opened lower inline with other Asian and US market. Stiff fall
in US market last night made a ground of fall for Indian Markets. It was down on concern over Economy. Today when Indian and other Asian market when opened, it was expected a deep fall, market plunged 4% on opening trade. After a massive correction from top of 6300 on Nifty it touched a 2 year low( 24th July 2006) of 2920 in today trade. In noon trade, government issued a statement on short positon and the news is personally given by Finance Minister, P. Chidambarams, He stated , on short positions could not help the market and indices continued their southern journey on the back of negative global cues. A sharp but short-lived recovery was seen after the FMs statement that SEBI has asked FIIs to reverse short positions on borrowed shares. Sensex closed at 9,771.70, down 398.20 points or 3.92%, after touching a high of 10,260.55 and a low of 9,681.28 making the lowest close since 16th June 2006. The broad-based NSE Nifty declined 122.00 points, or 3.98% at 2,943.15 after hitting a high of 3,085.10 and a low of 2,917.15, the lowest close since 24th July 2006. BSE Midcap and Smallcap index shed 3.20% and 3.55% respectivelyInflation for the week ended Oct. 11 stood at 11.07% versus 11.44% in earlier week. Rupee touched a fresh all time low of 49.86 against the dollar.
All BSE sectoral indices ended in red except Consumer Durable and Capital Goods indices, which gained 1% and 0.2% respectively. Metal and Auto indices were the worst hit, down 11% and 7.2% respectively. Grasim and BHEL were the top gainers among the sensex stocks, up 4.7% and 2.7% respectively while Tata Steel and Tata Motors were down the most, losing 14.8% and 14.6% respectively.
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