Company Report: South Indian Bank – BUY CMP Rs194, Target Rs229, Upside 18.1% ± SIB is set to sail faster post a successful transformation ± 28% NII CAGR over FY10-12; adequately capitalized for growth ± Asset quality to remain stable; RoE to improve ± Superior fundamentals but valuation at discount to peers Source :- IndiaInfoline Research … [Read more...]
Aarti Industries down after weak Q1 results
Aarti Industries fell 2.09% to Rs 51.45 at 11:02 IST on BSE, after net profit declined 14% to Rs 20.03 crore on 30.8% rise in net sales to Rs 352.76 crore in Q1 June 2010 over Q1 June 2009. The company declared its results after market hours on Tuesday, 10 August 2010. Meanwhile, the BSE Sensex was down 8.77 points, or 0.05% at 18,211.22. On BSE, 59,168 shares were traded in … [Read more...]
Educomp Solutions down after Q1 earnings
Educomp Solutions slumped 8.84% to Rs 628.80 at 10:08 IST on BSE after consolidated net profit dropped 39.57% to Rs 36.48 crore on 31.58% fall in net sales to Rs 227.88 crore in Q1 June 2010 over Q4 March 2010. The Q1 June 2010 result was announced after market hours on Tuesday, 10 August 2010 Meanwhile, the BSE Sensex was down 37.53 points, or 0.21%, to 18,182.46 On … [Read more...]
Patni Computer down as ADR falls
Patni Computer Systems declined 1.56% to Rs 443 at 9:57 IST on BSE, after the company's American depository receipts, or ADR slumped 3.29% to $20.30 on the New York Stock Exchange on Tuesday, 10 August 2010. Meanwhile, the BSE Sensex was down 23.91 points, or 0.13% at 18,196.08. On BSE, 19,958 shares were traded in the counter as against an average daily volume of 89,900 … [Read more...]
Prakash Steelage IPO subscribed 4.22 times
The initial pubic issue of Prakash Steelage was subscribed 4.22 times by 17:00 IST on the last day of bidding for the issue today, 10 August 2010. The IPO received bids for 2.63 crore shares, compared with 62.5 lakh shares on offer. The qualified institutional buyers (QIBs) category was subscribed 1.27 times when the bidding for the issue by QIBs got over on Monday, 9 … [Read more...]