16th August, 2011 Morning Market Updates 8:40
Stock in news
EGoM
-Clears 5 lakh tonnes of additional sugar exports
-Minimum export price of non-basmati rice reduced to USD 650/tonne
-Clears 5 lakh tonnes of additional sugar exports
-Minimum export price of non-basmati rice reduced to USD 650/tonne
SBI says
-Net interest income at all time high
-CASA ratio at 47.89%
-Hike in base rate expected to further improve margins
-Govt to put in substantial money for rights issue
-Would not prefer to go for FPO or QIP
-Expect NIMs of above 3.5% for FY12
-Exposure to Air India at Rs 1,100 crore
-Exposure to GTL at Rs 260 crore
-Expect FY12 deposit growth at 20-21%
-Expect FY12 credit growth at 16-18%
-Expect net profit of Rs 2,500 crore in Q2
-Expect operating profit of Rs 7,000 cr in Q2
-Expect provisioning of Rs 2,500 crore in Q2
-Expect govt to infuse Rs 5,000-9,000 crore capital
-Net interest income at all time high
-CASA ratio at 47.89%
-Hike in base rate expected to further improve margins
-Govt to put in substantial money for rights issue
-Would not prefer to go for FPO or QIP
-Expect NIMs of above 3.5% for FY12
-Exposure to Air India at Rs 1,100 crore
-Exposure to GTL at Rs 260 crore
-Expect FY12 deposit growth at 20-21%
-Expect FY12 credit growth at 16-18%
-Expect net profit of Rs 2,500 crore in Q2
-Expect operating profit of Rs 7,000 cr in Q2
-Expect provisioning of Rs 2,500 crore in Q2
-Expect govt to infuse Rs 5,000-9,000 crore capital
Tech Mahindra says
-Discretionary spend in western markets continues to be low
-Believe long-term demand intact'
-Have maintained steady growth this quarter
-Added 4,517 employees in Q1
-Debt as on June 30 at Rs 1,282 crore
-Cash and cash equivalent at Rs 194 crore as on June 30
-Discretionary spend in western markets continues to be low
-Believe long-term demand intact'
-Have maintained steady growth this quarter
-Added 4,517 employees in Q1
-Debt as on June 30 at Rs 1,282 crore
-Cash and cash equivalent at Rs 194 crore as on June 30
Ratan Tata on Tata Motor says
-Have started selling Nano in Sri Lanka, Nepal
-Targeting Indonesia & other Southeast Asian countries
-Car prices up due to inflation in steel, rubber prices
-Have started selling Nano in Sri Lanka, Nepal
-Targeting Indonesia & other Southeast Asian countries
-Car prices up due to inflation in steel, rubber prices
RBI Governor, D Subbarao Says-Low US rates to have implications for India
-Dealing with complex mix of supply shocks, demand
-Need to sacrifice some growth to tame inflation
-Need to lower inflation expectations
-Too early to say if RBI will change policy stance
-Dealing with complex mix of supply shocks, demand
-Need to sacrifice some growth to tame inflation
-Need to lower inflation expectations
-Too early to say if RBI will change policy stance
RC Bhargava Maruti Suzuki says
-Rising fuel cost will lead to demand for small cars
-Q2 sales will be better than Q1
-Not going to launch car priced at Rs 1 lakh; no new Maruti 800
-New plant to have maximum capacity of 1 million units
-Production
cut on all models, except Swift & Swift Dzire
-Rising fuel cost will lead to demand for small cars
-Q2 sales will be better than Q1
-Not going to launch car priced at Rs 1 lakh; no new Maruti 800
-New plant to have maximum capacity of 1 million units
-Production
cut on all models, except Swift & Swift Dzire
Other stocks and sectors that are in news today:-IPO Corner: Brooks Laboratories IPO with a price band of Rs 90-100/sh opens today
-Board members of SKS Microfinance want Vikram Akula to step down as Executive chairman (ET)
-Lavasa Corp agrees to accept all the five preconditions specified by environment ministry (BS)
-GoM meeting on coal likely to be held on August 24 to resolve issues hurting the production of the fossil fuel in the country (Mint)
- ONGC has cut the size of its FPO by 15-20% expecting to raise about Rs 9000-10000 cr only (TOI)
- Indiabulls Power plans to foray into renewable energy to diversify its portfolio with an investment of Rs 300 cr in wind power projects (ET)
-Telecom Ministry asks Bharti Airtel to give at least 20% dividend to public sector TCIL which holds 30% in Bharti Hexacom (ET)
- MOIL is seeking a hike in duty on import of ore to counter cheap imports creating oversupply situation (DNA)
-UIDAI has shortlisted TCS , Wipro , HCL Infosystems , Tech Mahindra and Mahindra Satyam for contract worth Rs 2000 cr – FE
-Haryana govt rejects Maruti second union
- Dr Reddy's Labs recalls fresh lot of Cholestrol drug in US
-GMR Looking at EM's for Airport Biz
- Reliance Comm Increases call tariff by 20% - BS
- Dabur promoters in talks with Syndicate Bank to sell the 35% stake held by him in Aviva Life Insurance – FE
- Neyveli Lignite FPO likely this year – BL
-Ex Stock Split: VA Tech Wabag Stock split From Rs 5/sh to Rs 2/sh
-Stock Split: Nelcast from Rs 10/sh to Rs 2/sh w.e.f Sep 6
- Nagarjuna Fertilizers trading to be suspended w.e.f August 29 due to scheme of arrangement & amalgamation
-F&O Ban: Deccan Chronicle, Gitanjali Gems, KS Oils, Suzlon
-Board members of SKS Microfinance want Vikram Akula to step down as Executive chairman (ET)
-Lavasa Corp agrees to accept all the five preconditions specified by environment ministry (BS)
-GoM meeting on coal likely to be held on August 24 to resolve issues hurting the production of the fossil fuel in the country (Mint)
- ONGC has cut the size of its FPO by 15-20% expecting to raise about Rs 9000-10000 cr only (TOI)
- Indiabulls Power plans to foray into renewable energy to diversify its portfolio with an investment of Rs 300 cr in wind power projects (ET)
-Telecom Ministry asks Bharti Airtel to give at least 20% dividend to public sector TCIL which holds 30% in Bharti Hexacom (ET)
- MOIL is seeking a hike in duty on import of ore to counter cheap imports creating oversupply situation (DNA)
-UIDAI has shortlisted TCS , Wipro , HCL Infosystems , Tech Mahindra and Mahindra Satyam for contract worth Rs 2000 cr – FE
-Haryana govt rejects Maruti second union
- Dr Reddy's Labs recalls fresh lot of Cholestrol drug in US
-GMR Looking at EM's for Airport Biz
- Reliance Comm Increases call tariff by 20% - BS
- Dabur promoters in talks with Syndicate Bank to sell the 35% stake held by him in Aviva Life Insurance – FE
- Neyveli Lignite FPO likely this year – BL
-Ex Stock Split: VA Tech Wabag Stock split From Rs 5/sh to Rs 2/sh
-Stock Split: Nelcast from Rs 10/sh to Rs 2/sh w.e.f Sep 6
- Nagarjuna Fertilizers trading to be suspended w.e.f August 29 due to scheme of arrangement & amalgamation
-F&O Ban: Deccan Chronicle, Gitanjali Gems, KS Oils, Suzlon
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