Entries Tagged 'Indian-Stock-Markets' ↓

Oil and Natural Gas Corporation (ONGC) has declared its Q2 Results and the company has posted net profit of Rs 5,097 crore for the quarter ended September 2007.

ONGC registered healty rise in Net Profits this quarter when compared to previous quarter’s Net profit of Rs 4,173.98 crore. The company’s Q2 standalone Net sales stood at Rs 15,413.9 crore as against the previous quarter’s sales of Rs 4,173.98 crore.

ONGC Stock prices closed at Rs 1219.55 up 1.54% on the Bombay Stock Exchange.

Gujarat Heavy Chemicals Limited (GHCL) has announced its second quarter results. The company has declared net profit of Rs 25.4 crore for the quarter ended September 2007.

Net Sales of the Company have increased to Rs 230 crore for the second quarter ended September 2007.

GHCL Stock closed today at Rs 144.45 up 3.70% on the Bombay Stock Exchange.

Steel Authority of India Limited, has announced its Second Quarter Results and the company’s Q2 net profit increased to Rs 1700 crore when compared with Rs 1442 crore in the corresponding quarter previous year .

SAIL’s net sales stood at  Rs 9467 crore  and Income from other sources stood at Rs 304 crore.

According to Analyst’s estimates, the company was expected to post 32.7% growth in its net profit of Rs 1914.3 crore and net sales were seen going up 18% at Rs 10078.7 crore.

The results of SAIL were not in line with the expected numbers and the the stock closed at Rs 262.60 down 4.99% on the National Stock Exchange.
 

DMC International Bonus Issue Record date has been fixed  as Nov. 13, 2007 by the board members of the company in their meeting held today.

DMC International has previously announced that the company will be issuing bonus shares in  1:1 ratio to the share holders of the company.

The company will allot 3.85 million fully paid new equity shares of Rs 5 each as bonus shares for the share holders of the company as on the Record date of 13th November 2007.
    
Shares of the company gained Rs 4.75, or 9.97%, to trade at Rs 52.4 on the Bombay Stock Exchange.

Mukesh Ambani today has become the World’s Richest person, surpassing Mexican Business Tycoon Carlos Slim Helu , Microsoft Founder Bill Gates and the Investment guru Warren Buffet.

Mukesh Ambani has reached the top list today, based on the strong run up in the Indian Stock Markets from the past one month. Ambani’s Flagship company Reliance Industries and the other companies of the Reliance Group like the Reliance Petroleum and the Reliance Industrial Infrastructure Limited rallied today to take the net-worth of Mukesh Ambani to $ 63.2 billion which is 2,49,108 crore.

In Comparision to Mukesh Ambani, the net worth of Carlos Slim and Bill Gates is to be estimated at $ 62.29 billion, with Carlos slim leading the World’s Richest Group till yesterday.

Ambani’s wealth of about Rs 2,49,000 crore includes about Rs 2,10,000 crore from RIL (50.98 per cent stake), Rs 37,500 crore from RPL (37.5 per cent) and Rs 2,100 crore from RIIL (46.23 per cent).

Indian Stock Markets are on their peak at the close of Friday trading session amid strong buying coming from all ends and the clarity on the P-Note issue provided by the SEBI .

On Friday the Sensex was up 472.28 points to close at 19,243.17 after touching an intra-day life time peak to the sensex of 19,276.45 points.

Investors wealth on Friday crossed the Rs 60,00,000-crore mark for the first time, which is measured in terms of total market capitalisation of all the listed companies. The market capitalisation of all the Indian Listed Companies rose by Rs. 1,53,000 crore measuring at 60,43,188.92 crore, from Thursday’s market cap of Rs 58,89,943 crore.

Previously when the Markets were trading at their lows on october 19th 2007, because of the P-note problems a total of Rs 2,70,000 crore investors wealth wiped out. The combined wealth stood at Rs 54,65,000 crore at the end of trade on October 19,2007.

SEBI’s intervention in to the matters and providing clarity on the P-note issue has helped the markets to come-off from their lows and to scale new heights.