Sensex falters after positive start
The market edged lower in early trade. At 10:25 IST the Sensex was down 15 points, at 14,267. It had edged lower after a positive opening, reached 14,316.54 at 9:57 IST, within sniffing distance of an all-time high of 14,325.92 of 18 January 2007.
The BSE clocked a turnover of Rs 551 crore.Bhel rose nearly 2% to Rs 2496, after the company’s board announced a surprise 1:1 bonus along with strong Q3 results after trading hours on Thursday (25 January 2007).
Hindalco gained 1.5% to Rs 177.90, after it reported a surge in net profit in December 2006 quarter, to Rs 643.90 crore from Rs 336.20 crore in December 2005 quarter. The results hit the market after trading hours on Thursday.
Reliance Communications 1.5% to Rs 443.90, after the company’s shareholders approved a transfer of its wireless towers (CDMA and GSM) and related infrastructure to its subsidiary, Reliance Telecom Infrastructure (RTIL).
Bonus bounty powers Bhel's upmove
Bhel rose 2% to Rs 2500, after the company announced a liberal 1:1 bonus issue along with Q3 results.As many as 48,353 shares changed hands in the counter on BSE.
Rumours of a bonus, stock-split boosted the stock ahead of the results announcement. From Rs 2315.80 on 23 January 2007, the stock rose 5.7% in just two trading sessions to Rs 2448.35 on 25 January. The announcement of a bonus hit the market after trading hours on 25 January.At the time of declaring Q3 results, Bhel also unveiled a 1:1 bonus issue on Thursday (25 January).
Bhel reported 58% growth in net profit in December 2006 quarter to Rs 667.70 crore, on 32% growth in sales to Rs 4339.70 crore.The order backlog at end of Dec 2006 was Rs 46700 crore, a rise of 38% on year-on-year.
Paper Products jumps as board mulls stock-split
Paper Products jumped 4.78% to Rs 391, after scheduling a board meeting for 31 January 2007, to consider a stock-split proposal.Merely 485 shares changed hands in early trade on BSE. Stock-splits are generally meant to boost liquidity in the counter.
The stock rose steadily in the past few sessions, as buying continued. From Rs 363.20 on 16 January 2006, the stock rose to Rs 369.55 on 24 January 2006.The company’s average weekly volume on a daily basis is a mere 774 shares on BSE.
PPL manufactures consumer packaging products with its presence conspicuous in the premium–end segment of the packaging industry. Huhtamaki Oyi, Finland, has a 59% stake in the equity capital of the company. PPL has recently been more attuned to innovation and value addition through its programme of NASP (New Application, Structures and Products).
HLL, Nestle, Eveready, GSK, Cadbury, P&G, Perfetti, Coca-Cola among others figure among the many clients of PPL. The company's top 10 clients take up 80% of sales. HLL, proves dominant here, accounting for 25% of sales.
Paper Products (PPL)’s net profit slipped 1.10% in Q3 September 2006 to Rs 7.03 crore (Rs 7.11 crore). Net sales rose 27% to Rs 132.34 crore (Rs 104.19 crore).The current price of Rs 2500 discounts its FY 2006 (year ended 31 March 2006) EPS of Rs 68.60, by a PE multiple of 36.4.
The BSE clocked a turnover of Rs 551 crore.Bhel rose nearly 2% to Rs 2496, after the company’s board announced a surprise 1:1 bonus along with strong Q3 results after trading hours on Thursday (25 January 2007).
Hindalco gained 1.5% to Rs 177.90, after it reported a surge in net profit in December 2006 quarter, to Rs 643.90 crore from Rs 336.20 crore in December 2005 quarter. The results hit the market after trading hours on Thursday.
Reliance Communications 1.5% to Rs 443.90, after the company’s shareholders approved a transfer of its wireless towers (CDMA and GSM) and related infrastructure to its subsidiary, Reliance Telecom Infrastructure (RTIL).
Bonus bounty powers Bhel's upmove
Bhel rose 2% to Rs 2500, after the company announced a liberal 1:1 bonus issue along with Q3 results.As many as 48,353 shares changed hands in the counter on BSE.
Rumours of a bonus, stock-split boosted the stock ahead of the results announcement. From Rs 2315.80 on 23 January 2007, the stock rose 5.7% in just two trading sessions to Rs 2448.35 on 25 January. The announcement of a bonus hit the market after trading hours on 25 January.At the time of declaring Q3 results, Bhel also unveiled a 1:1 bonus issue on Thursday (25 January).
Bhel reported 58% growth in net profit in December 2006 quarter to Rs 667.70 crore, on 32% growth in sales to Rs 4339.70 crore.The order backlog at end of Dec 2006 was Rs 46700 crore, a rise of 38% on year-on-year.
Paper Products jumps as board mulls stock-split
Paper Products jumped 4.78% to Rs 391, after scheduling a board meeting for 31 January 2007, to consider a stock-split proposal.Merely 485 shares changed hands in early trade on BSE. Stock-splits are generally meant to boost liquidity in the counter.
The stock rose steadily in the past few sessions, as buying continued. From Rs 363.20 on 16 January 2006, the stock rose to Rs 369.55 on 24 January 2006.The company’s average weekly volume on a daily basis is a mere 774 shares on BSE.
PPL manufactures consumer packaging products with its presence conspicuous in the premium–end segment of the packaging industry. Huhtamaki Oyi, Finland, has a 59% stake in the equity capital of the company. PPL has recently been more attuned to innovation and value addition through its programme of NASP (New Application, Structures and Products).
HLL, Nestle, Eveready, GSK, Cadbury, P&G, Perfetti, Coca-Cola among others figure among the many clients of PPL. The company's top 10 clients take up 80% of sales. HLL, proves dominant here, accounting for 25% of sales.
Paper Products (PPL)’s net profit slipped 1.10% in Q3 September 2006 to Rs 7.03 crore (Rs 7.11 crore). Net sales rose 27% to Rs 132.34 crore (Rs 104.19 crore).The current price of Rs 2500 discounts its FY 2006 (year ended 31 March 2006) EPS of Rs 68.60, by a PE multiple of 36.4.
posted by SY at 12:33 PM
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