Stock Market Results Updates - Oct 24, 2009

Posted by admin in News, Results on Oct 23rd, 2009 | no responses

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 date. Both stock exchanges are technically equipped to do so immediately.
3i Infotech announced disappointing Q2 results. Company announced just 4% increase in sales and 20% fall in net profit.
Gujarat State Petronet announced superb results, reporting a 100% increase in income and 288% increase in net profit. GSPL announced very good results in first quarter also making it one of the best performers in this financial year.
- Income: 237 crore Vs 118 crore
- Net Profit: 110 crore Vs 28 crore.
Pantaloon Retail announced good results in third quarter inline with analyst estimates.
- Net profit: 43.8 crore Vs 36 crore (21% increase)
- Sales: 1781 crore vs 1512 crore (17% increase)
Punj Lloyd announced disappointing results in this quarter. The situation in United Kingdom is causing a huge hole in the balance sheet. Punj Lloyd reported a 63% fall in Net profits and a 4% growth in Sales.