Sunday, October 16, 2005

Tata Metaliks plunged 8.3% to Rs 139.50 after the company reported a fall in Q2 September 2005 net profit


The stock lost nearly 3% on Friday (14 October 2005) to Rs 152.15 on the eve
of the results announcement and in a weak market. From a recent peak of Rs
178.10 on 20 September 2005, the stock had declined to Rs 152.15 on 14
October 2005. Earlier, the stock had risen to Rs 178.10 on 20 September 2005
from a low of Rs 144.90 on 25 August 2005.

Tata Metaliks has reported a 36% fall in net profit to Rs 11.06 crore for Q2
September 2005 from Rs 17.29 crore in Q2 September 2004. Net sales have
risen 50% to Rs 118.03 crore from Rs 78.54 crore.

Tata Metaliks is a major player in the pig iron industry.

Tata Metaliks is looking at mergers and acquisitions as part of its growth
strategy.

Bajaj Auto revs up on strong Q2 results


Two-wheeler major Bajaj Auto rose 2.8% to Rs 1,739 on the back of robust Q2
September 2005 results.

6,976 shares changed hands in the counter on BSE.

Ahead of the results announcement, the stock lost 3.1% on Friday (14 October
2005) to Rs 1,691 in a weak market. From a lifetime closing high of Rs
1,810.05 on 4 October 2005, the stock had slipped to Rs 1,691 ahead of the
results announcement. Earlier, the stock had spurted during late September
2005 to early October 2005 on expectation of strong September vehicle sales
and on expectation of strong Q2 results. From a recent low of Rs 1,646.25 on
28 September 2005, the stock had surged to a lifetime closing high of Rs
1,810.05 on 4 October 2005.

Bajaj Auto has reported a net profit of Rs 289.36 crore – a growth of 61%
compared to a net profit of Rs 179.45 crore for Q2 September 2004. Total
income (net of excise) has risen 30.3% to Rs 2003.15 crore from Rs 1536.52
crore. The company unveiled Q2 results on Saturday (15 October 2005).

One key highlight of the Q2 results has been the increase in core operating
profit margin to 16.9% from 16.5% in Q2 September 2004.

Bajaj Auto may edge higher on robust Q2 results


Bajaj Auto may edge higher after the two-wheeler major on Saturday (15
October 2005) reported robust Q2 September 2005 results. Bajaj Auto has
reported a net profit of Rs 289.36 crore – a growth of 61% compared to a net
profit of Rs 179.45 crore for Q2 September 2004. Total income (net of
excise) has risen 30.3% to Rs 2003.15 crore from Rs 1536.52 crore. The core
operating profit margin has inched ahead to 16.9% from 16.5% in Q2 September
2004.

Cipla may advance after the company said it is making a generic version of
Roche’s Tamiflu – an anti-influenza drug. Tamiflu is an anti-viral drug used
to treat bird-flu and Cipla’s announcement comes as the government
stockpiles the drug fearing an epidemic. Roche is under pressure to step up
supplies of Tamiflu, as fears of a shortage of the drug is fanning across
countries.

Cipla will not target US or European markets being served by Tamiflu but it
will offer supplies to any government that wants to buy the drug. Cipla is
initially aiming to produce enough generic Tamiflu to treat 50,000 patients
by the end of January 2006.

Crompton Greaves may edge higher on the back of strong Q2 September 2005
results. Crompton Greaves has reported a 30.4% growth in Q2 September 2005
net profit to Rs 32.52 crore compared to Rs 24.93 crore in Q2 September
2004. Net profit growth would have been higher but for a substantial charge
of Rs 6.40 crore on account of deferred tax in Q2 September 2005. Net sales
rose 22.1% to Rs 605.69 crore (Rs 495.68 crore).

HDFC Bank may see action ahead of the announcement of Q2 results today.
Other Q2 results scheduled today are Aksh Optifibre, Allahabad Bank,
Bilpower, Dwarikesh Sugar, EMCO, ETC Networks, Federal Bank, Liberty Shoes,
NDTV, NEPC-India, Nucleus Software, Poddar Pigments, PSI Data System, Swaraj
Engines, Tamil Nadu Newsprint, Unichem Laboratories, Vimta Labs, Vishal
Exports Overseas, Wartsila India and Webel Sl Energy

Punjab Tractors may march up ahead of its board meeting to consider a
special dividend along with taking on record Q2 results. It may be recalled
that, in Q1 June 2005, Punjab Tractors (PTL) made a huge extraordinary
profit of Rs 61.30 crore from sales of 15% stake in Swaraj Mazda to Sumitomo
Corporation, Japan, a joint venture partner in Swaraj Mazda. This is perhaps
the reason why the company intends to give special dividend to shareholders.

Oil exploration major ONGC may see action on reports in a section of the
media that the government plans to take over ONGC Videsh – ONGC’s 100%
subsidiary and convert it into a national exploration and production
flagship for overseas investments.

ADF Foods may be in the spotlight after the company said the partners of the
partnership firm M/s American Dry Fruits Stores have arrived at an amicable
settlement and have signed a Memorandum of Understanding wherein they have
agreed to offer use of the brands, Ashoka, Camel, Aeroplane & Classic Ashoka
to ADF Foods. ADF Foods has further said that these brands have been offered
on license basis to the company and a board meeting is being held
tentatively on October 18, 2005, whereby the board of directors will decide
on the matter. Reports that ADF Foods' promoters had called a truce, sent
ADF Foods' scrip surging 12.2% on Friday (15 October 2005) to Rs 20.60.

Four Soft may edge higher after the company announced its strategy to target
the $ 500-million global logistics software industry. The company plans to
launch a host of new products in the next 18 months. To further this
endeavour, the company announced the commencement of development of two new
products - 4S-3PLex and 4S-eCustoms, it said.

Century Textiles & Industries may edge higher after the company said it has
entered into an agreement to sell its remaining ship viz. m.v. Aditya Gautam
(Handymax Bulk Carrier) to a foreign entity. The agreement to this effect
has been signed, the company said. The sale of the ship and receipt of
payment for the same are likely to be completed in November- December 2005
and, thereafter, the shipping division of the company will be closed after
completion of formalities.

Dai-Ichi Karkaria may see action after the company said it has signed the
Business Transfer Agreement (BTA) for the transfer of the company's
Hyderabad business as a going concern on a slump sale basis into a new joint
venture company named Inogent Laboratories Pvt Ltd (Inogent).
Simultaneously, a joint venture agreement has also been signed between
Dai-Ichi Karkaria and GVK Biosciences Pvt Ltd (GVK) whereby the company will
have a 20% equity stake in Inogent with the balance being held by GVK and
its associates. Inogent would be engaged in the business of APIs/Process
Chemistry/ Custom Synthesis of NCEs and Custom Manufacture for chemical
entities.

GHCL may move firm on the back of robust Q2 September 2005 results. Net
profit has jumped 358% to Rs 23.43 crore from Rs 5.11 crore in Q2 September
2004. Net sales have risen 36.6% to Rs 165.64 crore (Rs 121.19 crore). The
company said it has raised soda ash prices by an average Rs 370 per tonne
from 1 October 2005.

Kajaria Ceramics may fall after the company reported a flat net profit of Rs
8.05 crore for Q2 September 2005 compared to Rs 8.01 crore for Q2 September
2004. Net sales rose 9.3% to Rs 74.04 crore (Rs 67.74 crore).

G G Dandekar Machine Works may edge higher on the back of strong Q2 results.
The company reported a net profit of Rs 0.66 crore compared to Rs 0.46 crore
for Q2 September 2004. Net sales rose 39.4% to Rs 4.10 crore (Rs 2.94
crore).

Tata Metaliks may lose ground after the company reported dismal Q2 results.
Tata Metaliks has reported a 36% fall in net profit to Rs 11.06 crore for Q2
September 2005 from Rs 17.29 crore in Q2 September 2004. Net sales has risen
50% to Rs 118.03 crore from Rs 78.54 crore.

Gangotri Textile may move higher on the back of strong Q2 results. Gangotri
Textile has reported 264% growth in Q2 September 2005 net profit to Rs 2.56
crore from Rs 0.70 crore in Q2 September 2004. Net sales has declined 20.8%
to Rs 37.83 crore from Rs 47.82 crore.

TASC Pharmaceuticals may edge higher after the company said it has raised $
50 million through Foreign Currency Convertible Bonds (FCCB) on October 13,
2005. The bonds, which have a maturity of 5 years, are convertible at a
conversion price of Rs 336.92 per share, which is at a premium of 26% over
the closing price of Rs 267.40 on BSE on October 13, 2005. The bonds are
expected to be listed on the Singapore Stock Exchange.

Wendt (India) may move higher after the company said it has incorporated a
wholly owned subsidiary (WOS) in Thailand. The WOS in Thailand plans to
manufacture, sell and service diamond/CBN grinding wheels and other abrasive
tools/industrial products. These activities are planned in a phased manner
and will be subject to obtaining necessary approvals from the various
government agencies, the company said.

Bank shares may edge higher on reports that credit offtake has witnessed a
solid surge during the period July-September 2005. The non-food credit
during this period amounted to Rs 1,00,0008 crore.

Nahar Industrial Enterprises may be in the buzz after the company said its
board of directors will meet on 24 October 2005 to consider discontinuance
of the manufacturing activities of the fats and oils unit. The board will
also take on record Q2 September 2005 results.

Cosmo Films may edge higher after the company reported 19.2% growth in Q2
September 2005 net profit to Rs 3.85 crore compared to Rs 3.23 crore in Q2
September 2004. Net sales rose nearly 7% to Rs 108.23 crore (Rs 101.17
crore).

Malabar Building Products may edge higher after the company reported 70.8%
growth in Q2 September 2005 net profit to Rs 1.04 crore from Rs 0.60 crore
in Q2 September 2004. Net sales rose 6.4% to Rs 7.46 crore (Rs 7.01 crore).

source:capitalmarket

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