Disappointment creeps into trade
With no favourable reform being announced so far, the BSE Sensex once again began cracking. After striking an intra-day high of 13,224.73, the Sensex has drifted lower as selling resumed.
At 11:38 IST the BSE Sensex was down 373. 86 points, at 13,104.97.It had opened with a yawning downward gap, at 13,045.12, and tumbled to a low of 12,800.91.Interestingly, the BSE Sensex futures were down sharply by 394.35 points (3.01%), to 13,100.The market has experienced high volatility, as the battle between bulls and bears rages while the FM reads out his Budget speech.
Aptech, Educomp Solution jump
Aptech and Educomp Solutions gained after the finance minister proposed a national means-cum-merit scholarship programme to check drop-outs from schools.
However, by 11:48 IST, the Aptech stock was down 0.20% to Rs 219.50. It rose 2.29% to Rs 225, immediately after the annoucement of the programme.
Meanwhile, Educomp Solution edged up 2.10% to Rs 920.Aptech clocked a volume of Rs 10.46 lakh shares, while Educomp Solution clocked 56,798 shares on the BSE.
The finance minster (FM), in his Budget speech, has announced a Rs 6000 per year scholarship for students studying in classes 9, 10, 11 and 12. The national means-cum-merit scholarship will be allotted according to the means available with the student. Further, the FM has allocated Rs 3794 crore for secondary school education.
Educomp Solutions was offered a project worth Rs 18 crore from DSERT, Government of Karnataka, to implement ICT-based education under the Ict@schools project in 264 government high schools of the state. The project has to be completed within five years.
Educomp is a technology-driven e-learning solutions provider specialising in creation, management and delivery of learning content. The company has 27 offices in India, a wholly-owned subsidiary in the US, and employs over 1,000 personnel.
Educomp Solutions offers computer-aided learning solutions to private as well as government schools like smart class programmes, ICT@ schools programme and professional development programme.
Aptech, the IT education service provider, has a strong focus on industry-related training and introduction of customised courses. It derives substantial revenues from international operations. The company also has a presence in Latin America, South East Asia, the Middle East, and SAARC.
Allocation for AIDS excites Cupid
Condoms maker Cupid rose 2.29% to Rs 37.90 after the finance minister said the Indian government will spend Rs 969 crore in 2007/08 to control AIDS.The finance minister is reading the Budget speech in Parliament.The counter clocked a volume of 21,240 shares on the BSE.
At the current market price of Rs 37.90, Cupid trades at 6.96 times its Q3 December 2006 annualized EPS of Rs 5.44.
In November 2006, Cupid was awarded an order for 15 million pieces of condoms (Masti) from the Ministry of Health and Family Welfare, Government of India, aggregating Rs 1.92 crore.Cupid is a leading manufacturer and distributor of condoms.
Cupid registered a net profit growth of 922.20% to Rs 0.92 crore (Rs 0.09 crore) in Q3 December 2006. Net sales for the December quarter rose 649.30% to Rs 5.47 crore from Rs 0.73 crore in the year ago quarter.
At 11:38 IST the BSE Sensex was down 373. 86 points, at 13,104.97.It had opened with a yawning downward gap, at 13,045.12, and tumbled to a low of 12,800.91.Interestingly, the BSE Sensex futures were down sharply by 394.35 points (3.01%), to 13,100.The market has experienced high volatility, as the battle between bulls and bears rages while the FM reads out his Budget speech.
Aptech, Educomp Solution jump
Aptech and Educomp Solutions gained after the finance minister proposed a national means-cum-merit scholarship programme to check drop-outs from schools.
However, by 11:48 IST, the Aptech stock was down 0.20% to Rs 219.50. It rose 2.29% to Rs 225, immediately after the annoucement of the programme.
Meanwhile, Educomp Solution edged up 2.10% to Rs 920.Aptech clocked a volume of Rs 10.46 lakh shares, while Educomp Solution clocked 56,798 shares on the BSE.
The finance minster (FM), in his Budget speech, has announced a Rs 6000 per year scholarship for students studying in classes 9, 10, 11 and 12. The national means-cum-merit scholarship will be allotted according to the means available with the student. Further, the FM has allocated Rs 3794 crore for secondary school education.
Educomp Solutions was offered a project worth Rs 18 crore from DSERT, Government of Karnataka, to implement ICT-based education under the Ict@schools project in 264 government high schools of the state. The project has to be completed within five years.
Educomp is a technology-driven e-learning solutions provider specialising in creation, management and delivery of learning content. The company has 27 offices in India, a wholly-owned subsidiary in the US, and employs over 1,000 personnel.
Educomp Solutions offers computer-aided learning solutions to private as well as government schools like smart class programmes, ICT@ schools programme and professional development programme.
Aptech, the IT education service provider, has a strong focus on industry-related training and introduction of customised courses. It derives substantial revenues from international operations. The company also has a presence in Latin America, South East Asia, the Middle East, and SAARC.
Allocation for AIDS excites Cupid
Condoms maker Cupid rose 2.29% to Rs 37.90 after the finance minister said the Indian government will spend Rs 969 crore in 2007/08 to control AIDS.The finance minister is reading the Budget speech in Parliament.The counter clocked a volume of 21,240 shares on the BSE.
At the current market price of Rs 37.90, Cupid trades at 6.96 times its Q3 December 2006 annualized EPS of Rs 5.44.
In November 2006, Cupid was awarded an order for 15 million pieces of condoms (Masti) from the Ministry of Health and Family Welfare, Government of India, aggregating Rs 1.92 crore.Cupid is a leading manufacturer and distributor of condoms.
Cupid registered a net profit growth of 922.20% to Rs 0.92 crore (Rs 0.09 crore) in Q3 December 2006. Net sales for the December quarter rose 649.30% to Rs 5.47 crore from Rs 0.73 crore in the year ago quarter.
Labels: Cupid
posted by SY at 12:37 PM
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