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Hindalco - Buy for long term (TP: Rs 205)

Hindalco’s subsidiary, Novelis, reported excellent results for 1Q FY11, beating Street expectations. Novelis now appears set to reap the benefits of cost cuts, increasing demand and growth. Hindalco remains well on track to achieve our 18% above-consensus earnings estimates for FY11; reaffirm our Outperform...

Coal India announces Bumper Results - FY2010 Results

Coal India - FY 2010 Results and Q4 results Coal Indian announced bumper results with its net prifits raising more than 400% YoY. Coal India has announced its FY10 results. It has reported net profit of Rs 8,312 crore as against Rs 2,078 crore, on year-on-year basis (YoY). Profit before tax rose to...

Q2 FY2009-2010 Earnings Review

The earnings season for Q2 FY2009-2010 has almost come to an end and its time to review the final numbers. Sensex PAT is up about 5.7%, and on QoQ basis, it is up 1% which is not bad either. So on that EPS currently stands for Sensex at about Rs 770 per share and a Price to Earnings ration of about 20.7...

Q2 2009-2010 Company Results Update - Oct 27, 2009

Company Results Update Q2 2009-2010: PTC India (a  Public Sector Power trading company) announced average results in this quarter mainly due to higher tax payout. Company sold more than 80 crore  units of Power  this quarter. Despite average results, this power trading company is still a good conservative...

Canara Bank - Q2 FY 2009-2010 Results Analysis

Canara Bank, one of the major South Indian banks,   announced good results this quarter beating the analyst expectations.  Canara Bank reported an increase of 15% in interest income and 70% growth in Net Profit. Net Interest income: 1314 crore Vs 1149 crore (15% up) Net Profit: 910 crore Vs 529 crore...

Stock Market Results Updates - Oct 24, 2009

Stock Market Updates SEBI approved a proposal from Stock Exchanges to increase the trading hours. Stock Exchanges can function from 9:00 AM to 5:00 PM (currently tradinging from 9:55 AM to 3:30 PM). Both Bombay Stock Exchange and National Stock Exchange will soon make announcements on implementation...

Stock Market Results Updates - Oct 21, 2009

Polaris Software announced disappointing results with a Net Profit of Rs 35.19 Cr, which means a 2.23% QoQ growth. But the Sales have gone down to Rs 338.30 Cr against Rs 351 Cr. last quarter. Prakash Industries announced 40% growth in its net profits which stood at Rs. 67.80 Cr for the quarter. But...

Stock Market Results Updates - Oct 17, 2009

Tata Consultancy Services announced good results that beat market expectations. TCS announced Rs 2 intermediate dividend.  TCS posted a growth of 5.3% in its top line in Rupee terms. Sales: Rs.5744.40 Cr vs Rs.5699.96 (1% up) Net Profits: Rs.1642 Cr vs Rs.1173.04 Cr (29% up) OPM: 29.11% vs 28.09% (4%...

Stock Market Results Updates - Oct 16, 2009

Hitachi Home & Life Solutions announced very good results with its bottom line showing a smart 77% growth. Sales also rose by 35%. Sales: Rs.131.06 Cr vs Rs.97.27 Cr (35% up) Net Profits: Rs.8.75 Cr vs Rs.4.94 (77% up) OPM: 8.41 % vs 7.85% (7% up) Balaji Telefilms announced disappointing results...

Stock Market Results Updates - Oct 15, 2009

Parsavanath Developers reported 150% rise in profits despite lower sales by 31% due to an increase in its Profit Margings. Sales: Rs.147.58 Cr vs Rs.213.41 (31% down) Net Profits: Rs.57.15 Cr vs Rs.22.86 Cr (150% up) OPM: 29.75% vs 20.16% (48% up) Bajaj Auto Finance announced exceptional Q2 results...