CMC most sought in 'A'
CMC spurted 12.34% to Rs 1172.65, and was the highest gainer in ‘A’ group.
The stock is being heavily purchased ever since announcing the Q3 December 2006 results. CMC’s consolidated net profit jumped 69% in December 2006 quarter, to Rs 20.40 crore (Rs 12.07 crore). Consolidated sales jumped 44% to Rs 298.63 crore during the same period over the year ago period (Rs 207.25 crore).
For April-September 2006, CMC’s net profit rose 26% to Rs 48.50 crore (Rs 38.59 crore). Consolidated revenue rose 30% to Rs 790.69 crore for the same quarter (Rs 609.24 crore).Analysts expect the company to report much better results in the coming quarters.
IDBI jumped 7.92% to Rs 102.85. Industrial Development Bank of India (IDBI) had earlier posted a net profit of Rs 126.79 crore in December 2006 quarter compared with Rs 119.30 crore in December 2005 quarter. Total income increased from Rs 1548.16 crore in to Rs 1877.65 crore. 'Profits remained flat on account of provisions of Rs 27 crore towards tax liabilities and more than Rs 50 crore for non-performing assets,' said VP Shetty, Chairman, IDBI.
Abbott India surged 6.52% to Rs 554.95. Market regulator Sebi approved the share buy-back at Rs 650 per share.
CESC gained 6.41% to Rs 362.90. The stock witnessed a pre-results rally. The company’s board meets on 31 January 2007 to consider third quarter financial results ended December 2006.
GTL advanced 6% to Rs 151 as buying continued. It had earlier reported robust 66% jump in net profit to Rs 20.8 crore for Q3 December 2007. Total sales shot up 65% to Rs 293.5 crore. The turnaround came on the back of the company's restructuring plan last year. As a part of this exercise, GTL exited from IT services and now focusses on telecom networking.
The stock is being heavily purchased ever since announcing the Q3 December 2006 results. CMC’s consolidated net profit jumped 69% in December 2006 quarter, to Rs 20.40 crore (Rs 12.07 crore). Consolidated sales jumped 44% to Rs 298.63 crore during the same period over the year ago period (Rs 207.25 crore).
For April-September 2006, CMC’s net profit rose 26% to Rs 48.50 crore (Rs 38.59 crore). Consolidated revenue rose 30% to Rs 790.69 crore for the same quarter (Rs 609.24 crore).Analysts expect the company to report much better results in the coming quarters.
IDBI jumped 7.92% to Rs 102.85. Industrial Development Bank of India (IDBI) had earlier posted a net profit of Rs 126.79 crore in December 2006 quarter compared with Rs 119.30 crore in December 2005 quarter. Total income increased from Rs 1548.16 crore in to Rs 1877.65 crore. 'Profits remained flat on account of provisions of Rs 27 crore towards tax liabilities and more than Rs 50 crore for non-performing assets,' said VP Shetty, Chairman, IDBI.
Abbott India surged 6.52% to Rs 554.95. Market regulator Sebi approved the share buy-back at Rs 650 per share.
CESC gained 6.41% to Rs 362.90. The stock witnessed a pre-results rally. The company’s board meets on 31 January 2007 to consider third quarter financial results ended December 2006.
GTL advanced 6% to Rs 151 as buying continued. It had earlier reported robust 66% jump in net profit to Rs 20.8 crore for Q3 December 2007. Total sales shot up 65% to Rs 293.5 crore. The turnaround came on the back of the company's restructuring plan last year. As a part of this exercise, GTL exited from IT services and now focusses on telecom networking.
posted by SY at 6:15 PM
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