Sensex up over 100 points
The BSE Sensex strengthened once again after the initial hiccup, as buying resumed for index pivotals. It had surged to a fresh high of 14,479.18 with buying in full steam.
At 11:27 IST the BSE Sensex was up 100.19 points, at 14,455.78. It had opened higher, at 14,436.18, tracking the 345-point surge of Friday (16 February 2007). The benchmark index also touched a low of 14,385.78.
The total turnover on BSE amounted to Rs 1514 crore.The market-breadth was strong on BSE, with 1,630 shares advancing compared to 686 that declined. As many as 65 remained unchanged.Among the 30-Sensex pack, 22 advanced while the rest declined.
Spanco Telesystems jumps on fund-raising design
Spanco Telesystems surged 4.4% to Rs 220.15, after deciding to raise Rs 125 crore by issuing shares and warrants to institutional buyers.The price for the preferential allotment to ChrysCapital and UTI Investment Advisory, has been fixed at Rs 214.91 a piece, which includes a premium of Rs 204.91.
The stock shrugged off worries of equity dilution following the issue. Assuming full conversion of warrants, the issue will lead to a substantial 35.8% dilution of equity. As many as 2.9 lakh shares changed hadns in the counter on BSE.
in 2006, Spanco Telesystems had reduced its equity capital to Rs 15.82 crore from Rs 23.74 crore pursuant to a scheme of arrangement, whereby the domestic call centre division ‘Sparsh’, together with all the related assets and liabilities of the company, were transferred to Intelenet BPO Services (IBSL).
Spanco Telesystems reported a surge in net profit in the December 2006 quarter to Rs 10.05 crore (Rs 4.75 crore). Net sales for the same quarter surged to Rs 135.80 crore (Rs 56.47 crore).
On 17 January 2007, Spanco Telesystems said it had signed the railway contract/order with IRCTC, for setting up a call centre for the railway inquiry system.
L&T upbeat on bagging new project in oil-gas space
L&T rose 1% to Rs 1709, after the company said on Monday it had secured a $ 250 million contract to set up offshore platforms and related amenities.As many as 1.3 lakh shares changed hands in the counter on BSE on news of the new project from Maersk Oil Company, Qatar. The scrip had surged nearly 5% to Rs 1692.10 on Thursday (15 February 2007) ahead of the news.
The stock has had a strong pre Q3 results rally which was extended after the results proved strong. From Rs 1409.10 on 10 January 2007, the stock surged 11.9% to Rs 1576.80 by 24 January 2007. On the day of results, 25 January 2007, the stock moved up to Rs 1613.15. It firmed up a lifetime closing high of Rs 1752.55 on 8 February 2007. It had slipped to Rs 1612.95 on 13 February before recovering again later.
Increased activity in the infrastructure and hydrocarbon sector helped the company's engineering and construction (E&C) segment notch up orders worth Rs 8,172 crore during the quarter ended December 2006. The order backlog of E&C business was at Rs 34142 crore as at end-December 2006.
L&T, of late, has been focussing on projects of large magnitude in airport, ports, power and upstream gas and oil sectors.
L&T's net profit rose 46% in the December 2006 quarter to Rs 343.90 crore, on 12% growth in sales to Rs 4118.42 crore. On a consolidated basis, the net profit for the same quarter was higher by 80%, at Rs 604 crore. Consolidated revenue for the quarter rose 21% to Rs 5183 crore.
L&T has also decided to start developing properties at Bangalore and Hyderabad through Urban Infrastructure, a subsidiary, which owned land worth Rs 2,500 crore as on 1 October 2005.
At 11:27 IST the BSE Sensex was up 100.19 points, at 14,455.78. It had opened higher, at 14,436.18, tracking the 345-point surge of Friday (16 February 2007). The benchmark index also touched a low of 14,385.78.
The total turnover on BSE amounted to Rs 1514 crore.The market-breadth was strong on BSE, with 1,630 shares advancing compared to 686 that declined. As many as 65 remained unchanged.Among the 30-Sensex pack, 22 advanced while the rest declined.
Spanco Telesystems jumps on fund-raising design
Spanco Telesystems surged 4.4% to Rs 220.15, after deciding to raise Rs 125 crore by issuing shares and warrants to institutional buyers.The price for the preferential allotment to ChrysCapital and UTI Investment Advisory, has been fixed at Rs 214.91 a piece, which includes a premium of Rs 204.91.
The stock shrugged off worries of equity dilution following the issue. Assuming full conversion of warrants, the issue will lead to a substantial 35.8% dilution of equity. As many as 2.9 lakh shares changed hadns in the counter on BSE.
in 2006, Spanco Telesystems had reduced its equity capital to Rs 15.82 crore from Rs 23.74 crore pursuant to a scheme of arrangement, whereby the domestic call centre division ‘Sparsh’, together with all the related assets and liabilities of the company, were transferred to Intelenet BPO Services (IBSL).
Spanco Telesystems reported a surge in net profit in the December 2006 quarter to Rs 10.05 crore (Rs 4.75 crore). Net sales for the same quarter surged to Rs 135.80 crore (Rs 56.47 crore).
On 17 January 2007, Spanco Telesystems said it had signed the railway contract/order with IRCTC, for setting up a call centre for the railway inquiry system.
L&T upbeat on bagging new project in oil-gas space
L&T rose 1% to Rs 1709, after the company said on Monday it had secured a $ 250 million contract to set up offshore platforms and related amenities.As many as 1.3 lakh shares changed hands in the counter on BSE on news of the new project from Maersk Oil Company, Qatar. The scrip had surged nearly 5% to Rs 1692.10 on Thursday (15 February 2007) ahead of the news.
The stock has had a strong pre Q3 results rally which was extended after the results proved strong. From Rs 1409.10 on 10 January 2007, the stock surged 11.9% to Rs 1576.80 by 24 January 2007. On the day of results, 25 January 2007, the stock moved up to Rs 1613.15. It firmed up a lifetime closing high of Rs 1752.55 on 8 February 2007. It had slipped to Rs 1612.95 on 13 February before recovering again later.
Increased activity in the infrastructure and hydrocarbon sector helped the company's engineering and construction (E&C) segment notch up orders worth Rs 8,172 crore during the quarter ended December 2006. The order backlog of E&C business was at Rs 34142 crore as at end-December 2006.
L&T, of late, has been focussing on projects of large magnitude in airport, ports, power and upstream gas and oil sectors.
L&T's net profit rose 46% in the December 2006 quarter to Rs 343.90 crore, on 12% growth in sales to Rs 4118.42 crore. On a consolidated basis, the net profit for the same quarter was higher by 80%, at Rs 604 crore. Consolidated revenue for the quarter rose 21% to Rs 5183 crore.
L&T has also decided to start developing properties at Bangalore and Hyderabad through Urban Infrastructure, a subsidiary, which owned land worth Rs 2,500 crore as on 1 October 2005.
Labels: Larsen and toubro, Spanco Telesystems
posted by SY at 12:57 PM
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