18 Oct 2010 From today onwards,trading market will open at 9:15

18 Oct 2010 Morning Market Updates  09:15
CEBBCO lists today

-Issue price: Rs 127/share
-Subscription: total: 2.07 times (x); QIB: 3.68x; NII: 0.3x ; RII 0.3x
Coal India IPO opens today, issue of 63.1 crore shares at Rs 225-245/share

Results today: HDFC, Essar oil, L&T, Sesa Goa, Bajaj Finserv, Indiabulls Securities, ING Vysya Bank, NIIT Tech, State Bank of Mysore, State Bank of Bikaner & Jaipur, SE Investment, Jindal hotels, Camlin, Zydus wellness, Hindustan Fluoro, MM forging
Dr Reddy's Labs
-DRL approves Lansoprazone delayed-release capsules;
-DRL to launch 15 mg & 30 mg capsules; Bio equivalent generic version of Prevacid
Mudra Lifestyle
-E Land Grp may buy nearly 51% stake in company: Sources
-Deal with E Land Grp may happen at Rs 60/sh; promoters to get Rs 75/sh: Srcs
-E Land's 51% purchase to including mandatory 20% open offer: Srcs
-To issue fresh shares to Korean Co: Sources
-Promoters likely to get 25% non-compete fees: Sources

ONGC
-ONGC finalising response to Cairn based on SG opinion
-Cairn Energy likey to get ONGC response next week
-Board maybe informally told of development today
-Reiterates has pre-emptive rights
-'SG opined govt nod needed; ONGC's RoFR analogy of that'
-SG has not directly spoken of RoFR for ONGC
-Cairn should acknowledge ONGC's RoFR
-Cairn should seek co's approval
ONGC received SG opinion earlier this week
September mobile subscriptions
-Bharti Airtel adds 2.04 million mobile users in September versus 2.03 million in August
-Idea Cellular adds 1.48 million mobile users in September versus 1.99 million in August
-Vodafone adds 1.78 million GSM mobile users in September versus 2.31 million in August
-Uninor adds 2.17 million GSM Mobile users in September versus 2.22 million in August
-BSNL adds 2.33 million mobile users in September versus 2.29 million in August
DCB Q2

-Net profit at Rs 5 crore versus loss of Rs 17 crore
-NII at Rs 46 crore versus Rs 32 crore
-Operating profit at Rs 21 crore versus Rs 16 crore
-Provisions at Rs 16 crore versus Rs 33 crore
-Net NPAs at 1.86% versus 4.70%
Karnataka Bank Q2FY11

-NII: Rs 139.09 crore versus Rs 55.42 crore
-Other Income: Rs 63.6 crore versus Rs 53.54 crore
-Provisions: Rs 57.63 crore versus Rs 5.24 crore
-Net Profit: Rs 28.72 crore versus Rs 16.35 crore
-Net NPA at 1.11% versus 1.34%
Unichem Labs
-Net profit at Rs 34.71 crore versus Rs 33.97 crore
-Net sales at Rs 200 crore versus Rs 173 crore
Godrej Properties - Q2FY11 Standalone
-Total Income: Rs 79.29 crore versus Rs 80.3 crore
-PBT: Rs 47 crore versus Rs 61.48 crore
-Net profit: Rs 31.99 crore versus Rs 44.64 crore
Consolidated
-Revenues: Rs 34.3 crore versus Rs 39.14 crore
-Other Income: Rs 49.98 crore versus Rs 59.74 crore
-Operating Profit: Rs 0.59 crore versus Rs 3.74 crore
-Net Profit: Rs 32.91 crore versus Rs 44.7 crore
-During quarter Company sold 49% stake in its subsidiary, Godrej Buildwell for Rs 45 crore; Other income includes Rs 44.52 crore on that sale
Godrej Properties
-See strong demand for residential properties
-H1 revenue growth has been strong
-Momentum likely to continue in H2
-Opened projects in Cochin, Mangalore, Delhi & Chennai
-Will announce new projects in Q3FY11
-Finalising 2 redevelopment projects in Mumbai
-Net debt at Rs 500 crore, equity at Rs 800 crore
-Comfortable with Debt-Equity ratio
-May need to raise funds in 18-24 months(still has Rs 200.97 cr left of IPO money)
-Fund raising via QIP in most likelihood
Other stocks and sectors that are in news today:
-BPCL hikes petrol prices by Rs 0.70 a litre effective midnight:PTI
-Sasken Communications board meet on 21st October to consider buyback