Sensex pares gains
The market remained in the green, but the benchmark Sensex was off the higher level after the solid rebound in early trade, which, in turn, was after a sharp fall at the start of trading. Cement and FMCG stocks edged lower. Index heavyweight Reliance Industries (RIL) edged up. Auto shares were in demand.
At 11:22 IST the Sensex was up 14 points, at 14,204. It came off from the higher level after having risen as many as 82.68 points, to 14,273.38, at 10:45 IST. The Sensex has moved 100 points, between 14,173 and 14,273.88 since 10:30 IST.
In early trade the 30-shares BSE Sensex had tumbled as many as 177.24 points, to a low of 14,013.46.The market-breadth was strong. Against 1,302 shares rising on BSE, 939 rose. Just 54 stocks were unchanged. Gainers outpaced losers by a ratio of 1.38:1.The BSE clocked a turnover of Rs 1511 crore.
Karur KCP Packkagings upbeat on string of orders for February
Karur KCP Packkagings advanced 1.90% to Rs 62.70, after bagging orders worth Rs 17.32 crore.
Karur KCP Packkagings has received orders from existing customers in cement sector such as The India Cements, Madras Cements, Dalmia Cements (Bharat), Chettinad Cements, Ultratech Cement, Associated Cements Companies (ACC). The company also has orders from paper industries such as J K Papers, TNPL and ITC for supply of packing materials in February 2007.
The counter clocked 4,510 shares on BSE. The stock had surged to a high of Rs 64, in early trade.Karur KCP Packkagings' scrip had slipped in the past couple of sessions, from Rs 65.10 on 2 February 2007 to Rs 61.55 by 12 February 2007.
In December 2006, Karur KCP Packagings had won export orders worth $ 1.65 million from European and US-based customers. The orders were to be executed till end-January 2007.
Karur KCP Packkagings manufactures extensible sack kraft paper, paper bags and PP bags. The company operates in four business segments - paper division, paper bags division, polypropylene division and FIBC division. The company also supplies cement bags. Apart from catering to the cement industry, the paper bags division has also begun to diversify into carbon black, tea and fertilizers.
For Q3 December 2006, Karur KCP Packkagings posted a net profit growth of 26.20% to Rs 2.70 crore from Rs 2.14 crore in Q3 December 2005. Net sales for the quarter rose 12.60% to Rs 63.71 crore from Rs 56.59 crore in the corresponding quarter of the previous fiscal.
Omax Autos changes gears on expansion plans
Auto parts maker, Omax Autos, surged 2.14% to Rs 93, on announcing expansion plans.
The counter clocked a volume of 18,084 shares on the BSE.The scrip has remained range-bound since late-December 2006. From 22 December 2006 to the current level, the stock moved between Rs 86 and Rs 96. The scrip closed at Rs 91.05 on 12 February 2007. Earlier, Omax Autos' scrip depreciated from a high of Rs 106.20 on 26 September 2006 to Rs 86.10 on 22 December 2006.
At the current market price of Rs 93, Omax Autos trades at 7.44 times its Q3 December 2006 annualized EPS of Rs 12.50.
Omax Auto expects revenue of Rs 700 crore in 2006/07, rising to about Rs 800 crore in the next year on implementing the expansion plans. The company said it will invest Rs 55 crore in the first phase and Rs 100 crore in the second phase of a project to set up a bus-chassis making unit for Tata Motors. The trial production is expected to start in the first quarter of 2008, and the two units at full capacity will add more than Rs 340 crore to Omax's annual revenue.
Presently, around 85% of the company's turnover comes from the two wheeler segment, and the rest from four wheeler and non-auto segments. Of the total revenues from the two-wheeler segments, Hero Honda Motors accounts for 65%. By the year 2010-11, the Omax's turnover is expected to double to Rs 1,400 crore, approximately. The two wheeler segment will contribute around 65% revenues, while the four wheeler and non auto segments together will account for 35% revenues by that time.
Further, Omax has entered into a memorandum of understanding (MoU) with PSP, Iran, to set up two joint venture companies, one in India and the other in Iran, for exploring possibilities to expand the the auto parts business. The modalities of these joint ventures with the Iranian counterpart are yet to be finalised.
Omax Autos manufactures sheet metal, tubular and machined components and sprockets for cars and two-wheelers. Hero Honda is one of the largest customers of Omax Autos, buying 60-65% of Omax Auto's production. Other customers include Maruti Udyog, TVS Suzuki, T I Diamond Chain and SRF.
Omax Autos posted a net profit growth of 33% to Rs 6.66 crore (Rs 5.02 crore) in the Q3 December 2006. Net sales for the quarter rose 15% to Rs 179.40 crore from Rs 156.49 crore in the corresponding quarter of the previous fiscal.
Hydro projects in kitty, Alstom Projects India jumps
Alstom Projects India surged 4.44% to Rs 468.80, on bagging three hydro projects worth Rs 750 crore.This orders are for hydro projects at Uri Stage-II, Chamera Stage-III and Chuzachen. The orders for 4 x 60 Mw URI Stage-II and 3 x 77 Mw Chamera Stage-III have been awarded to Alstom Projects India (APIL)by the National Hydroelectric Power Corporation, India's leading hydroelectric utility. The order for the 2 x 55 Mw Chuzachen project is from Gati infrastructure, a unit of Gati Group.
All these orders consolidate the company's leadership position in India's hydro sector. The scope of work includes turnkey execution of electro-mechanical works like hydroturbines, generators and auxiliaries. APIL will execute works worth about Rs 600 acres at the hydro unit based in Vadodara. This hydro facility is one of the three large hydro equipment manufacturing hubs in the group along with China and Brazil. The Vadodara factory is fully geared to meet the needs of domestic and international projects.
APIL has orders worth Rs 2,100 crore on hand, with hydroelectric projects accounting for Rs 1,000 crore.
APIL is a leading player of power-generation equipment and transportation solutions. In the power-segment, the company specialises in providing steam, combined cycle and hydro-power plants. Alstom Projects India (Formerly Alstom Power India) is engaged in the business of design, engineering, manufacturing, procurement, supply, commissioning, servicing and renovation & modernisation of power plants for utility and industrial users. It is also engaged in the development and supply of air pollution control systems, equipment for pollution control and conservation of energy.
APIL amalgamated three companies, Alstom Transport, Alstom Systems and Alstom Power Boilers, with itself from 1 November 2002. Promoters hold 66% stake in the company, while public holding in the company is 13% as of December 2006.
APIL reported a 304% surge in net profit for Q3 December 2006 to Rs 30.30 crore from Rs 7.50 crore in Q3 December 2005. Net sales for the quarter rose 2.70% to Rs 297.70 crore (Rs 290 crore).
At 11:22 IST the Sensex was up 14 points, at 14,204. It came off from the higher level after having risen as many as 82.68 points, to 14,273.38, at 10:45 IST. The Sensex has moved 100 points, between 14,173 and 14,273.88 since 10:30 IST.
In early trade the 30-shares BSE Sensex had tumbled as many as 177.24 points, to a low of 14,013.46.The market-breadth was strong. Against 1,302 shares rising on BSE, 939 rose. Just 54 stocks were unchanged. Gainers outpaced losers by a ratio of 1.38:1.The BSE clocked a turnover of Rs 1511 crore.
Karur KCP Packkagings upbeat on string of orders for February
Karur KCP Packkagings advanced 1.90% to Rs 62.70, after bagging orders worth Rs 17.32 crore.
Karur KCP Packkagings has received orders from existing customers in cement sector such as The India Cements, Madras Cements, Dalmia Cements (Bharat), Chettinad Cements, Ultratech Cement, Associated Cements Companies (ACC). The company also has orders from paper industries such as J K Papers, TNPL and ITC for supply of packing materials in February 2007.
The counter clocked 4,510 shares on BSE. The stock had surged to a high of Rs 64, in early trade.Karur KCP Packkagings' scrip had slipped in the past couple of sessions, from Rs 65.10 on 2 February 2007 to Rs 61.55 by 12 February 2007.
In December 2006, Karur KCP Packagings had won export orders worth $ 1.65 million from European and US-based customers. The orders were to be executed till end-January 2007.
Karur KCP Packkagings manufactures extensible sack kraft paper, paper bags and PP bags. The company operates in four business segments - paper division, paper bags division, polypropylene division and FIBC division. The company also supplies cement bags. Apart from catering to the cement industry, the paper bags division has also begun to diversify into carbon black, tea and fertilizers.
For Q3 December 2006, Karur KCP Packkagings posted a net profit growth of 26.20% to Rs 2.70 crore from Rs 2.14 crore in Q3 December 2005. Net sales for the quarter rose 12.60% to Rs 63.71 crore from Rs 56.59 crore in the corresponding quarter of the previous fiscal.
Omax Autos changes gears on expansion plans
Auto parts maker, Omax Autos, surged 2.14% to Rs 93, on announcing expansion plans.
The counter clocked a volume of 18,084 shares on the BSE.The scrip has remained range-bound since late-December 2006. From 22 December 2006 to the current level, the stock moved between Rs 86 and Rs 96. The scrip closed at Rs 91.05 on 12 February 2007. Earlier, Omax Autos' scrip depreciated from a high of Rs 106.20 on 26 September 2006 to Rs 86.10 on 22 December 2006.
At the current market price of Rs 93, Omax Autos trades at 7.44 times its Q3 December 2006 annualized EPS of Rs 12.50.
Omax Auto expects revenue of Rs 700 crore in 2006/07, rising to about Rs 800 crore in the next year on implementing the expansion plans. The company said it will invest Rs 55 crore in the first phase and Rs 100 crore in the second phase of a project to set up a bus-chassis making unit for Tata Motors. The trial production is expected to start in the first quarter of 2008, and the two units at full capacity will add more than Rs 340 crore to Omax's annual revenue.
Presently, around 85% of the company's turnover comes from the two wheeler segment, and the rest from four wheeler and non-auto segments. Of the total revenues from the two-wheeler segments, Hero Honda Motors accounts for 65%. By the year 2010-11, the Omax's turnover is expected to double to Rs 1,400 crore, approximately. The two wheeler segment will contribute around 65% revenues, while the four wheeler and non auto segments together will account for 35% revenues by that time.
Further, Omax has entered into a memorandum of understanding (MoU) with PSP, Iran, to set up two joint venture companies, one in India and the other in Iran, for exploring possibilities to expand the the auto parts business. The modalities of these joint ventures with the Iranian counterpart are yet to be finalised.
Omax Autos manufactures sheet metal, tubular and machined components and sprockets for cars and two-wheelers. Hero Honda is one of the largest customers of Omax Autos, buying 60-65% of Omax Auto's production. Other customers include Maruti Udyog, TVS Suzuki, T I Diamond Chain and SRF.
Omax Autos posted a net profit growth of 33% to Rs 6.66 crore (Rs 5.02 crore) in the Q3 December 2006. Net sales for the quarter rose 15% to Rs 179.40 crore from Rs 156.49 crore in the corresponding quarter of the previous fiscal.
Hydro projects in kitty, Alstom Projects India jumps
Alstom Projects India surged 4.44% to Rs 468.80, on bagging three hydro projects worth Rs 750 crore.This orders are for hydro projects at Uri Stage-II, Chamera Stage-III and Chuzachen. The orders for 4 x 60 Mw URI Stage-II and 3 x 77 Mw Chamera Stage-III have been awarded to Alstom Projects India (APIL)by the National Hydroelectric Power Corporation, India's leading hydroelectric utility. The order for the 2 x 55 Mw Chuzachen project is from Gati infrastructure, a unit of Gati Group.
All these orders consolidate the company's leadership position in India's hydro sector. The scope of work includes turnkey execution of electro-mechanical works like hydroturbines, generators and auxiliaries. APIL will execute works worth about Rs 600 acres at the hydro unit based in Vadodara. This hydro facility is one of the three large hydro equipment manufacturing hubs in the group along with China and Brazil. The Vadodara factory is fully geared to meet the needs of domestic and international projects.
APIL has orders worth Rs 2,100 crore on hand, with hydroelectric projects accounting for Rs 1,000 crore.
APIL is a leading player of power-generation equipment and transportation solutions. In the power-segment, the company specialises in providing steam, combined cycle and hydro-power plants. Alstom Projects India (Formerly Alstom Power India) is engaged in the business of design, engineering, manufacturing, procurement, supply, commissioning, servicing and renovation & modernisation of power plants for utility and industrial users. It is also engaged in the development and supply of air pollution control systems, equipment for pollution control and conservation of energy.
APIL amalgamated three companies, Alstom Transport, Alstom Systems and Alstom Power Boilers, with itself from 1 November 2002. Promoters hold 66% stake in the company, while public holding in the company is 13% as of December 2006.
APIL reported a 304% surge in net profit for Q3 December 2006 to Rs 30.30 crore from Rs 7.50 crore in Q3 December 2005. Net sales for the quarter rose 2.70% to Rs 297.70 crore (Rs 290 crore).
Labels: Alstom Projects India, Karur KCP Packagings, Omax Autos
posted by SY at 12:13 PM
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