Trading range-bound
The BSE Sensex was hovering in the red in afternoon trade, with a small decline. Tata Steel had pared gains. State Bank of India (SBI) eased following a comment from its chairman on loan growth. Ranbaxy and ICICI Bank had slipped. Index heavyweight Reliance Industries and Infosys remained in the red. Select pivotals held positive zone.
At 13:58 IST the Sensex was down 5 points, at 14,124. It came off 14,110 at 13:36 IST, moving in a narrow band between 14,110 and 14,141.In early-trade, the Sensex had struck an all-time high of 14,211.15.
Ranbaxy (down 1.1% to Rs 425.75) slipped on profit taking, after a recent surge. The company announces Q4 results on 18 January 2007.
Q4 guidance spells doom for Aztec Software
Aztec Software & Technology Services slumped 7.32% to Rs 149.95, on disappointing guidance for Jan-March 2007 quarter.
The company expects 35% annual growth but a flat sequential growth in consolidated revenue in Jan-Mar quarter.As many as 91,028 shares were traded in the counter on BSE.
The stock was sold heavily ahead of results. From Rs 174 on 4 January, it slipped to Rs 161.80 by 15 January.
Aztec Software & Technology Services reported a net profit of Rs 11.5.85 crore for the quarter ended December 2006, compared to Rs 5.46 crore in September 2005 quarter. Its revenues increased 43.50%, at Rs 48.46 crore(Rs 33.78 crore).
The growth was capped by an appreciation of the rupee and the exit of a major client.
In the three months ended December, the company added 11 new clients, taking its client base to 89, while staff strength reached 2,643. Offshore revenues contributed 83% to the total.
In late-November, the RBI raised FII-ceiling in Aztec to 100%. At end December 2006, foreign investors owned 29% stake in Aztec Software, with BSMA holding 9%, Citigroup holding 7.59%, and Morgan Stanley & Co about 3.27%.
Aztec delivers services in five key technology areas: data management/business intelligence, integration engineering, mobile applications, secure identity management, and web services.
At 13:58 IST the Sensex was down 5 points, at 14,124. It came off 14,110 at 13:36 IST, moving in a narrow band between 14,110 and 14,141.In early-trade, the Sensex had struck an all-time high of 14,211.15.
Ranbaxy (down 1.1% to Rs 425.75) slipped on profit taking, after a recent surge. The company announces Q4 results on 18 January 2007.
Q4 guidance spells doom for Aztec Software
Aztec Software & Technology Services slumped 7.32% to Rs 149.95, on disappointing guidance for Jan-March 2007 quarter.
The company expects 35% annual growth but a flat sequential growth in consolidated revenue in Jan-Mar quarter.As many as 91,028 shares were traded in the counter on BSE.
The stock was sold heavily ahead of results. From Rs 174 on 4 January, it slipped to Rs 161.80 by 15 January.
Aztec Software & Technology Services reported a net profit of Rs 11.5.85 crore for the quarter ended December 2006, compared to Rs 5.46 crore in September 2005 quarter. Its revenues increased 43.50%, at Rs 48.46 crore(Rs 33.78 crore).
The growth was capped by an appreciation of the rupee and the exit of a major client.
In the three months ended December, the company added 11 new clients, taking its client base to 89, while staff strength reached 2,643. Offshore revenues contributed 83% to the total.
In late-November, the RBI raised FII-ceiling in Aztec to 100%. At end December 2006, foreign investors owned 29% stake in Aztec Software, with BSMA holding 9%, Citigroup holding 7.59%, and Morgan Stanley & Co about 3.27%.
Aztec delivers services in five key technology areas: data management/business intelligence, integration engineering, mobile applications, secure identity management, and web services.
posted by SY at 2:17 PM
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