Sensex strikes new all-time high; turnover surges
The BSE Sensex has once again struck a fresh all-time high of 14,564.80, as buying began in index pivotals, especially for index heavyweight Reliance Industries (RIL), which surged to an intra-day high of Rs 1408.
At 14:44 IST the BSE Sensex was up 27.93 points, at 14,543.83. The benchmark Sensex had opened lower, at 14,479.58, and slipped to 14,468.99 on heavy selling. Here, it saw acute volatility, moving in and out of positive ground, on account of a mixed trend in pivotals.
The total turnover on BSE crossed Rs 5,000 crore to Rs 5,131 crore, surpassing Monday’s total turnover of Rs 4719 crore, boosted by three huge block deals of 23.14 lakh shares each in TCS, at an average Rs 1299.26 per share in opening trade. The counter was the top-traded on BSE with a turnover of Rs 915.37 crore. The TCS stock was down 0.46% to Rs 1299 on total volumes of 70.45 lakh shares.
The market-breadth was positive. For 1,466 shares advancing on BSE, 1175 declined. Just 45 scrips remained unchanged.Among the 30-Sensex pack, 16 advanced while the rest declined.
Moser Baer leapfrogs
Moser Baer gained 5.44% to Rs 383.55, after the company entered into an agreement to acquire a Philips subsidiary developing optical technologies.The company is yet to disclose the financial details of the deal.The stock has ticked high volumes, 6,04,123 shares, on BSE.The stock has been moving up since hitting the level of Rs 230.45 on the 12 December 2006.
The December 2006 quarter results of the company were exceptionally good with the net profit growing 188.3% to Rs 37.62 crore over the corresponding previous year numbers. The sales for the same quarter stand at Rs 501.52 crore, a modest 19% growth over the year ago period.
The acquired company, OM& T, has done pioneering work in Blu-ray and has earned the status of being the only company outside Japan, shipping Blu-ray discs. The acquisition will help Moser Baer find a place among the few manufacturers of the Blu-ray disc.
Moser Baer claims to hold the second position in the global optical media market. The global oversupply situation in the optical media business has eased by now, and hence the company is exploring an option of having a research and development as well as manufacturing set-up outside India, to come closer to the US and Europe markets.
Late last month, Moser Baer inked an agreement with Baba Arts to manufacture, market and distribute VCDs and DVDs of over 450 Telugu movie titles. Moser Baer will market the VCDs and DVDs of these titles in India. It will pay Baba Arts a minimum guarantee (MG) of Rs 2.5 crore for eight years in return for the rights to these titles. Post recovery of the minimum guarantee, both companies will share the profit in a 50:50 ratio for 8 years. Currently, Baba Arts is the sole copyright holder of 450 Telugu titles
Moser Baer also launched a new initiative in content distribution in Cochin, marking the extension of the company's maiden foray into the entertainment industry. It has tapped the home video market in Kerala.
The newly launched division of the company is also in final negotiations to acquire copyrights / exclusive license of more than 7,000 titles in all major Indian languages, which comprise a third of all movies produced till date in India.
Entertainment Network India attracts attention
FM Radio operator Entertainment Network India gained nearly 4% to Rs 326, after its subsidiary bagged the rights for maintenance of advertisements at Indira Gandhi International Airport, New Delhi.
As many as 2.9 lakh shares changed hands in the counter on BSE. On Monday, the stock had gained 6.2% to Rs 313.55, ahead of the announcement which hit the market after trading hours. The stock had firmed up since mid-December 2006. From Rs 225.25 on 12 December 2006, it rose to Rs 295.15 by 2 February 2007.
Entertainment Network India (ENIL)’s subsidiary, Times Innovative Media, has been selected for designing, developing and maintaining advertisements at the Indira Gandhi International Airport, New Delhi, on specified locations.
TIMPL is a wholly-owned subsidiary of ENIL, and operates its Out of Home Media business under the brand name "Times OOH Media".
ENIL is India's largest private FM radio operator. It operates 'Radio Mirchi', in 10 cities, and 22 more launches are in the pipeline. The company plans to complete the rollout of the remaining 22 stations by 31 July 2007.
The company, along with Hewlett-Packard (HP), Nokia and Hutch, has also launched Visual Radio services in New Delhi and Mumbai.For the December 2006 quarter, ENIL reported a net profit of Rs 12.40 crore on net sales of Rs 46.74 crore.
Ashok Leyland jumps on stunning Jan sales data
Ashok Leyland gained 1.94% at Rs 49.80, after the company reported 67% rise in its January vehicle sales, to 9,650 units, over the year ago period.Volumes on the counter were substantial with 15,99,119 shares being traded on the BSE since morning.
After hitting a low of 39.15 on 12 December 2006, the scrip has surged as much as 25% at the current levels.Ashok Leyland’s domestic sales rose 62% to 9,096 units from 5,618 units, while exports jumped to 554 units from 169.
The company came out with an excellent set of December 2006 quarter results, reporting a 93.1% year-on-year growth in net profit to Rs 105.26 crore. Net sales grew 48% to Rs 1777.59 crore.
In January 2007, Ashok Leyland established a subsidiary in Ras Al Khaimah, UAE, for pulling up a bus-body assembly plant to cater to the Middle East and its neighbouring markets. The unit would initially have an installed capacity of 1,000 buses.
Ashok Leyland’s Uttaranchal plant under development is expected to become operational in 2009-10. The unit will have chassis, cab facilities, an engine plant and probably a transmission plant. The initial capacity would be for 25,000 vehicles, with a planned investment of over Rs 1,000 crore.
At 14:44 IST the BSE Sensex was up 27.93 points, at 14,543.83. The benchmark Sensex had opened lower, at 14,479.58, and slipped to 14,468.99 on heavy selling. Here, it saw acute volatility, moving in and out of positive ground, on account of a mixed trend in pivotals.
The total turnover on BSE crossed Rs 5,000 crore to Rs 5,131 crore, surpassing Monday’s total turnover of Rs 4719 crore, boosted by three huge block deals of 23.14 lakh shares each in TCS, at an average Rs 1299.26 per share in opening trade. The counter was the top-traded on BSE with a turnover of Rs 915.37 crore. The TCS stock was down 0.46% to Rs 1299 on total volumes of 70.45 lakh shares.
The market-breadth was positive. For 1,466 shares advancing on BSE, 1175 declined. Just 45 scrips remained unchanged.Among the 30-Sensex pack, 16 advanced while the rest declined.
Moser Baer leapfrogs
Moser Baer gained 5.44% to Rs 383.55, after the company entered into an agreement to acquire a Philips subsidiary developing optical technologies.The company is yet to disclose the financial details of the deal.The stock has ticked high volumes, 6,04,123 shares, on BSE.The stock has been moving up since hitting the level of Rs 230.45 on the 12 December 2006.
The December 2006 quarter results of the company were exceptionally good with the net profit growing 188.3% to Rs 37.62 crore over the corresponding previous year numbers. The sales for the same quarter stand at Rs 501.52 crore, a modest 19% growth over the year ago period.
The acquired company, OM& T, has done pioneering work in Blu-ray and has earned the status of being the only company outside Japan, shipping Blu-ray discs. The acquisition will help Moser Baer find a place among the few manufacturers of the Blu-ray disc.
Moser Baer claims to hold the second position in the global optical media market. The global oversupply situation in the optical media business has eased by now, and hence the company is exploring an option of having a research and development as well as manufacturing set-up outside India, to come closer to the US and Europe markets.
Late last month, Moser Baer inked an agreement with Baba Arts to manufacture, market and distribute VCDs and DVDs of over 450 Telugu movie titles. Moser Baer will market the VCDs and DVDs of these titles in India. It will pay Baba Arts a minimum guarantee (MG) of Rs 2.5 crore for eight years in return for the rights to these titles. Post recovery of the minimum guarantee, both companies will share the profit in a 50:50 ratio for 8 years. Currently, Baba Arts is the sole copyright holder of 450 Telugu titles
Moser Baer also launched a new initiative in content distribution in Cochin, marking the extension of the company's maiden foray into the entertainment industry. It has tapped the home video market in Kerala.
The newly launched division of the company is also in final negotiations to acquire copyrights / exclusive license of more than 7,000 titles in all major Indian languages, which comprise a third of all movies produced till date in India.
Entertainment Network India attracts attention
FM Radio operator Entertainment Network India gained nearly 4% to Rs 326, after its subsidiary bagged the rights for maintenance of advertisements at Indira Gandhi International Airport, New Delhi.
As many as 2.9 lakh shares changed hands in the counter on BSE. On Monday, the stock had gained 6.2% to Rs 313.55, ahead of the announcement which hit the market after trading hours. The stock had firmed up since mid-December 2006. From Rs 225.25 on 12 December 2006, it rose to Rs 295.15 by 2 February 2007.
Entertainment Network India (ENIL)’s subsidiary, Times Innovative Media, has been selected for designing, developing and maintaining advertisements at the Indira Gandhi International Airport, New Delhi, on specified locations.
TIMPL is a wholly-owned subsidiary of ENIL, and operates its Out of Home Media business under the brand name "Times OOH Media".
ENIL is India's largest private FM radio operator. It operates 'Radio Mirchi', in 10 cities, and 22 more launches are in the pipeline. The company plans to complete the rollout of the remaining 22 stations by 31 July 2007.
The company, along with Hewlett-Packard (HP), Nokia and Hutch, has also launched Visual Radio services in New Delhi and Mumbai.For the December 2006 quarter, ENIL reported a net profit of Rs 12.40 crore on net sales of Rs 46.74 crore.
Ashok Leyland jumps on stunning Jan sales data
Ashok Leyland gained 1.94% at Rs 49.80, after the company reported 67% rise in its January vehicle sales, to 9,650 units, over the year ago period.Volumes on the counter were substantial with 15,99,119 shares being traded on the BSE since morning.
After hitting a low of 39.15 on 12 December 2006, the scrip has surged as much as 25% at the current levels.Ashok Leyland’s domestic sales rose 62% to 9,096 units from 5,618 units, while exports jumped to 554 units from 169.
The company came out with an excellent set of December 2006 quarter results, reporting a 93.1% year-on-year growth in net profit to Rs 105.26 crore. Net sales grew 48% to Rs 1777.59 crore.
In January 2007, Ashok Leyland established a subsidiary in Ras Al Khaimah, UAE, for pulling up a bus-body assembly plant to cater to the Middle East and its neighbouring markets. The unit would initially have an installed capacity of 1,000 buses.
Ashok Leyland’s Uttaranchal plant under development is expected to become operational in 2009-10. The unit will have chassis, cab facilities, an engine plant and probably a transmission plant. The initial capacity would be for 25,000 vehicles, with a planned investment of over Rs 1,000 crore.
Labels: ashok leyland, moser baer
posted by SY at 3:48 PM
0 Comments:
Post a Comment
<< Home