Evening Updates

25 Jan 2010   Evening Updates :
As we said in the Morning Blog, Nifty was rangebound between 4983.05 and 5035.70.Market opened at 5000 mark and traded lower but in mid session, Nifty covered all the losses and touched intraday high of 5035.70 but as tomorrow is holiday, on a cautious note profit booking pulled down the indices to 4983.05 with 28 points in negative.
Jaicorp shooted nearly 11% and made the high of 322 and closed at 299.80. The cal  was given by our research team on 5th Jan 2010 under Low Risk High Return category with the stop of 208.
In Nifty 50, ITC,Bhartiartl and Hindunilvr were closed gaining more than 2 % while M&M and Hcltech were the loosers more than 5 %.
Shree Renuka Sugars : Renuka Sugar Ltd has announced that the Board of Directors of the Company at its meeting held on January 25, 2010, inter alia, considered and approved, subject to approval of the shareholders, issue of 1 fully paid up equity shares of Re. 1/- each as bonus share for every 1 existing equity share of Re. 1/- each, held by shareholders of the Company as on Record Date to be fixed later for the purpose.
The Board will convene the 14th Annual General Meeting (AGM) of the Company on March 04, 2010.
LIC Housing Finance :
LIC Housing Finance net profit higher at Rs 153.57 crores in third quarter
LIC Housing Finance Ltd has announced the Unaudited financial results for the quarter ended December 31, 2009.
The Company has posted a net profit after tax of Rs 1535.789 million for the quarter ended December 31, 2009 as compared to Rs 1343.315 million for the quarter ended December 31, 2008. Total Income has increased from Rs 7666.849 million for the quarter ended December 31, 2008 to Rs 8804.612 million for the quarter ended December 31, 2009.
India Cement :
India Cements Ltd has announced the Unaudited financial results for the quarter ended December 31, 2009.
The Company has posted a net profit of Rs 348.00 million for the quarter ended December 31, 2009 as compared to Rs 619.10 million for the quarter ended December 31, 2008. Total Income has increased from Rs 7688.80 million for the quarter ended December 31, 2008 to Rs 8759.70 million for the quarter ended December 31, 2009.
Patni Computers :
Patni Computer Systems Ltd has announced that a meeting of the Board of Directors of the Company will be held on February 10, 2010 - February 11, 2010, inter alia, to consider and approve the audited standalone Financial Results of the Company as per Indian GAAP for the year ended December 31, 2009.
The Board will also approve audited consolidated Financial Results of the Company and its subsidiaries as per Indian GAAP for the year ended December 31, 2009 and the unaudited consolidated Financial Results of the Company and its subsidiaries as per US GAAP for the year ended December 31, 2009.
The Board will consider recommendation of dividend, if any, for the year ended December 31, 2009.
The Financial Results will be announced on February 11, 2010.
Crompton Greaves : The company is going to consider bonus issue on January 28.