Auto and cement stocks will be in focus as companies from these two sectors unveil sales figures for January 2012 starting from today, 1 February 2012.
Reliance Industries (RIL) buy-back opens from today, 1 February 2012 and the last date for the buy-back is 19 January 2013. RIL will buy-back its shares from the existing shareholders/ beneficial owners other than the promoters/ persons who are in control of the company from the open market up to 12 crore equity shares at a price not exceeding Rs 870 per equity share payable in cash, for an aggregate amount up to but not exceeding Rs 10,440 crore which represents approximately 7.22% of the companys total paid-up equity capital and free reserves as on 31 March 2011. The company proposes to buy-back up to a maximum at 12 crore shares and proposes to buy-back a minimum of 3 crore equity shares.
Private equity giant Carlyle has reportedly put on block a slice of its stake in mortgage leader HDFC. The private equity firm may sell about 2 crore shares of its total 7.7 crore shareholding in HDFC.
Telecom stocks may be in action on reports the department of telecommunications (DoT) has issued show-cause notices to five telecom operators including Bharti Airtel, Idea Cellular and Reliance Communications among the unlisted Vodafone India and Tata Teleservices for under-reporting revenue in 2006-07 and 2007-08. The notices call for a total payment of about Rs 1,600 crore, which includes the money owed as licence fee and spectrum usage charge as well as interest up to January 2012.
Other set of reports indicated that top telecom companies are likely to raise mobile phone bills of consumers by 20-30% this year to revive revenue growth and cut losses in the fiercely competitive sector.
Airline stocks will be in focus after state-run oil marketing companies with effect from midnight, 31 January 2012, slashed jet fuel prices by over 3% as an appreciating rupee made imports cheaper. Jet fuel constitutes about 40% of an airlines operating cost and the reduction in prices will slightly ease the burden on cash-strapped airlines
Jindal Steel and Power is reportedly set to buy a majority 60% stake in Gopalpur Ports, the company building a new port at Gopalpur in Orissa for an undisclosed sum.
GMR Infrastructure is reportedly to finalizing a $2 billion loan from a consortium of banks led by Barclays PLC to finance its bid for concessions to re-develop airports in Brazil. GMR may have to sign a bid bond valued at $500 million at the time of submitting its bid, deadlines for which expire on Thursday, 2 February 2012. GMR is also in talks with atleast three Brazilian companies to rope in a partner for its bid but hasnt been able to close a deal so far.
IDBI Banks net profit fell 9.74% to Rs 409.81 crore on 21.73% rise in total income to Rs 6281.04 crore in Q3 December 2011 over Q3 December 2010. The figures of the current period include working results of the two erstwhile wholly owned subsidiaries namely IDBI Homefinance and IDBI Gilts. Consequent to their merger with the bank with effect from 1 January 2011. Accordingly the figures of the previous period are not strictly comparable.
Tata Global Beverages overseas subsidiary has made a financial investment in the equity capital of Bjets Pte, a Singapore based company engaged in the business of owning and operating private aircrafts.
Siemens board has approved the proposal to merge Siemens Power Engineering Private with itself. As per the proposed swap ratio for the merger, shareholders would get 6 shares of Siemens for every 13 shares held in Siemens Power Engineering.
Walt Disney Co agreed to take a controlling interest in media and entertainment providers, UTV Software Communications. Under the plan, UTV will be delisted from stock exchanges, giving Disney a 93% stake in company.
Net profit of NMDC rose 22.45% to Rs 1858.81 crore in the quarter ended December 2011 as against Rs 1518.03 crore during the previous quarter ended December 2010. Sales rose 7.66% to Rs 2821.95 crore in the quarter ended December 2011 as against Rs 2621.22 crore during the previous quarter ended December 2010.
Net profit of Financial Technologies India rose 10.26% to Rs 86.87 crore in the quarter ended December 2011 as against Rs 78.79 crore during the previous quarter ended December 2010. Sales rose 53.58% to Rs 109.58 crore in the quarter ended December 2011 as against Rs 71.35 crore during the previous quarter ended December 2010.
Net profit of Repro India rose 56.33% to Rs 8.27 crore in the quarter ended December 2011 as against Rs 5.29 crore during the previous quarter ended December 2010. Sales rose 25.08% to Rs 79.85 crore in the quarter ended December 2011 as against Rs 63.84 crore during the previous quarter ended December 2010.
Century Enka reported net loss of Rs 10.47 crore in the quarter ended December 2011 as against net profit of Rs 29.33 crore during the previous quarter ended December 2010. Sales rose 14.71% to Rs 413.06 crore in the quarter ended December 2011 as against Rs 360.10 crore during the previous quarter ended December 2010.
Net profit of Jagran Prakashan declined 21.54% to Rs 41.30 crore in the quarter ended December 2011 as against Rs 52.64 crore during the previous quarter ended December 2010. Sales rose 13.74% to Rs 317.01 crore in the quarter ended December 2011 as against Rs 278.72 crore during the previous quarter ended December 2010.
Net profit of Subex rose 54.60% to Rs 15.97 crore in the quarter ended December 2011 as against Rs 10.33 crore during the previous quarter ended December 2010. Sales rose 24.82% to Rs 92.67 crore in the quarter ended December 2011 as against Rs 74.24 crore during the previous quarter ended December 2010.
Net profit of HCL Infosystems declined 85.07% to Rs 9.11 crore in the quarter ended December 2011 as against Rs 61.01 crore during the previous quarter ended December 2010. Sales declined 14.94% to Rs 2564.51 crore in the quarter ended December 2011 as against Rs 3014.96 crore during the previous quarter ended December 2010.
Net profit of Birla Corporation declined 37.17% to Rs 43.72 crore in the quarter ended December 2011 as against Rs 69.59 crore during the previous quarter ended December 2010. Sales rose 12.19% to Rs 537.83 crore in the quarter ended December 2011 as against Rs 479.38 crore during the previous quarter ended December 2010.
Net profit of Blue Dart Express declined 6.71% to Rs 22.38 crore in the quarter ended December 2011 as against Rs 23.99 crore during the previous quarter ended December 2010. Sales rose 23.40% to Rs 393.49 crore in the quarter ended December 2011 as against Rs 318.88 crore during the previous quarter ended December 2010.
Net profit of Usha Martin rose 757.98% to Rs 30.63 crore in the quarter ended December 2011 as against Rs 3.57 crore during the previous quarter ended December 2010. Sales rose 16.54% to Rs 713.93 crore in the quarter ended December 2011 as against Rs 612.61 crore during the previous quarter ended December 2010.
Ashok Leyland, Mahindra Satyam, UCO Bank, State Bank of Bikaner and Jaipur, and Godfrey Phillips among others will announce their September - December 2011 quarterly earnings today, 1 February 2012.
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