Value stock picks of the week

The Indian stock market is following the global trend and is down in the dumps. Stock market investors are too afraid to invest their hard earned money at the current levels amidst the global financial turmoil.

According to the tried and tested wisdom of stock market history such times offer great opportunities to long term investors. Many stocks of fundamentally sound companies are trading at attractive values. These stock picks make a great value buy at current levels.

The stock market is throwing up many value buying opportunities for long term stock investors. We regularly update you on stock picks where you can begin investing your money in small amounts. There is no guarantee that the stock market will not test its bottom again and you might find even cheaper valuations for these stocks. No one can predict and time the stock market bottom and these are a once in life time stock investing opportunities

Some of the stocks discussed are Hind Lever, Tata Power, Bharat Electronics, Allcargo Global, amongst other stocks.

To read the detailed analysis>>>>> click here

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BSE Notices 17th November

Mphasis

Mphasis Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 26, 2008, inter alia, to consider recommendation of dividend, if any, for the seven month period ended October 31, 2008

BSE Date:17 November, 2008

Powersoft Global Solutions

Powersoft Global Solutions Ltd has informed BSE that the Company has extended its financial year ending September 30, 2008 (12 months) to December 31, 2008 (15 months) and for which necessary approval has been obtained from Registrar of Companies, Bangalore.

Source: BSE Date:17 November, 2008

Satyam Computer Services

Satyam Computer Services Ltd has informed BSE that the Compensation Committee of Directors of the Company allotted 8,927 equity shares through circular resolution on November 14, 2008, approved on November 17, 2008 under stock option plans of the Company. Consequent to the above allotment, the paid up share capital of the Company has gone up from 673,788,425 equity shares of Rs 2/- each aggregating Rs 1,347,576,850.00 to 673,797,352 equity shares of Rs 2/- each aggregating Rs 1,347,594,704.00.

Source: BSE Date:17 November, 2008

Satyam Computer Services

Satyam Computer Services Ltd has informed BSE regarding a Press Release dated November 17, 2008 titled "Satyam BPO Among Top 4 in 2008 Global Six Sigma and Business Improvement Awards"

Source: BSE Date:17 November, 2008

Anukaran Commercial Enterprises Ltd

Anukaran Commercial Enterprises Ltd has informed BSE that Mr. Arvind Thakkar, Mr. Ramanlal Trividi and Mr. Mahendra Ganatra, additional Directors ate now appointed as directors of the Company.

Source: BSE Date:17 November, 2008

To read all the notices >>>>>click here

BSE and NSE notices and announcements

G-Tech Info-Training Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008


Source: BSE Date: 15 November, 2008


Jayant Mercantile Co. Ltd

Jayant Mercantile Company Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008


Source: BSE Date: 15 November, 2008


Ardi Investments and Trading Company

Ardi Investments & Trading Company Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 15 November, 2008


Shreevatsaa Finance and Leasing

Shreevatsaa Finance & leasing Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 15 November, 2008


Gamma Rays Transmissions

Gamma Infoway Exalt Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 15 November, 2008


Sharp Trading & Finance Ltd

Sharp Trading & finance Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 15 November, 2008


Zenith Birla India

Zenith Birla India Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 15 November, 2008


Aadi Industries

Aadi Industries Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 15 November, 2008

To read all the latest NSE and BSE notices and announcements>>>>click here

Real estate investing and stock market investing

If you have some money to spare which of these two are a better investment- Real estate or Stock market. Many investors face this dilemma.

Many investors that I have talked to advice me against investing in the stock market because of the huge risk involved. The present global economic meltdown does not help the case in any manner.

Most individual investors like me are afraid to put their hard earned money in the stock market. Banks do not offer much return if you park your money there. The rate of interest offered by the banks does not ever beat the rate of inflation. So if you put your money in the bank you are in reality loosing money than gaining interest. But , yes it is safest your money can be in a short period of time.

The real estate in India had a great run in the recent past but now things seem to be cooling down a bit. Prices are stabilizing or falling. It would be a good idea to invest in real estate in the present scenario. Investing in real estate related mutual funds can be even a better bet as your money will be managed by professionals and you do not have to worry about the mundane paper work and day to day care of the property.

Read the detailed article about the difference and rationale of investing in real estate Vs investing in stock market in the following article link.

Real estate Vs stock market investing >>>>> http://www.stockinvest.in/posts/Real_estate_Vs_stock_market_investing

To read more about real estate investing basics>>>> click here

Stock Market Notices and announcements

NSE notices 6 November, 2008

Bharat Forge Bharat Forge Ltd has informed the Exchange that the Company is proposing to enter into a Joint Venture Agreement with one of the Europe-based companies of Alstom Group on Monday, the 10th November, 2008, at New Delhi. The proposed joint venture project shall be subject to receipt of applicable government and regulatory approvals. The details of the Joint Venture Agreement will be announced after the event Source: NSE Date: 06th-NOV-2008 Tata Motors Tata Motors Limited has informed the Exchange vide its letter dated November 06, 2008 that “This is in respect to the comments appearing in the reports in today’s newspapers on Tata Motors to shut the Company’s plant in Jamshedpur for three days. We would like to inform you that the Company in its course of operation, adjusts its production to meet the demand for its products like working on single shift basis or three shift basis instead of normal/double shift operations as also temporary shut down. The three days shut down at Jamshedpur is also one of such measures taken by the Company to avoid unnecessary inventory build up. This is to clarify that above is not a lock out/strike/closure”. BSE notices 6 November, 2008 Shree Narmada Aluminium Industries Ltd Shree Narmada Aluminium Industries Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008 Source: BSE Date:6 November, 2008 Balaji Hotel and Enterprise Balaji Hotels & Enterprises Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008. Source: BSE Date:6 November, 2008 Balaji Industrial Corporation Balaji Industrial Corporation Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008. Source: BSE Date:6 November, 2008 Source: NSE Date: 06th-NOV-2008 Read all the NSE, BSE Notices and Announcements and stock market news at Stockinvest.in

NSE notices 22 October, 2008

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Gillette India

Gillette India Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 14282 lacs for quarter ending on 30-SEP-2008 against Rs. 13730 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 2004 lacs for the quarter ending on 30-SEP-2008 against Rs. 2782 lacs for the quarter ending on 30-SEP-2007.

Source: NSE 22 October, 2008

Gemini Communications

Gemini Communication Limited has informed the Exchange that “The board of directors have transacted the following business at its meeting held on October 22, 2008. (1) The Board of Directors approved, subject to approval of members, to amend/inert the clause in the articles of association of company as 46.1 after Clause 46 under the heading of “Buy back of shares/ Securities” in accordance with 77A, 77AA and 77B of the Companies Act, 1956 and the Securities and Exchange Board of India (Buy Back of Securities) Regulations, 1998. (2) The Board of Directors decided to buy back of up to 10% equity shares capital and reserve of the Company. (3) The Directors decided to send a separate intimation after getting approval from shareholders for the proposal of buy back of its own shares”.

Source: NSE 22 October, 2008

Transformers and Rectifiers India

Transformers And Rectifiers (India) Limited has informed the Exchange vide notes to Accounts in the unaudited financial results for the quarter ended September 30, 2008 (taken on record by the Board of Directors of the Company at its meeting held on October 22, 2008) regarding the funds raised through the Initial Public Offer and utilisation up to September 30, 2008. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE 22 October, 2008

Read all the NSE announcements and stock market info at Stockinvest.in

BSE notices 22 October, 2008

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Nu Tek India

Nu Tek India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 30, 2008, inter alia, to consider the following: 1. To consider and approve the unaudited Quarterly Financial Results for II Quarter ended on September 30, 2008. 2. Consideration of ESOP Scheme for employees of the Company. 3. Increase in remuneration of Mr. Vineet Sirpaul, Director of the Company. 4. Calling Extra-Ordinary General Meeting, Approval of notice calling the meeting and fixing of Record Date. 5. Status update on Acquisition. 6. Acquisition of shares in Sugan Automatics Pvt. Ltd. 7. Appointment of Mr. J P Agrawal as Director in the Company.

Source: BSE Date: 22 October, 2008

Vulcan Engineers

Vulcan Engineers Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.


Source: BSE Date: 22 October, 2008

ICRA

ICRA Ltd has informed BSE regarding a Press Release titled “ICRA in MoU with The Karur Vysya Bank Ltd to rate Bank Loans under RBI’s New Capital Adequacy Framework for Basel-II”

Source: BSE Date: 22 October, 2008

Read all the BSE notices and share market information at Stockinvest.in

Stanchart rates Ultratech as performer

Stock market analysis and stock picks from Stockinvest.in

Ultratech Cement has been trading at a P/E of 5.0 times and 5.8 times its FY09E and FY10E EPS at Rs 74.4 per share and 65.1 per share respectively. However, on an EV/Tonne basis Ultratech Cement has been trading at an EV/Tonne of $68.9, which is at a discount to its replacement cost. Considering the current macro economic factors which whereby the demand is expected to slowdown to 7-8 per cent compared to 9-10 per cent in the past 2 years coupled with commissioning of major green field capacities by the industry player over the next 6 - 9 months we expect cement prices to remain subdued.

Read the complete analysis and more hot stock picks from stockinvest.in

List of promoters buying their own stock

Stock market investors must take a look at those stocks where the promoters are increasing their stake by buying shares in the present stock market down turn. Here is a list of companies where promoters have increased their equity holding recently

Indian stock markets have been in a continuous slide since the beginning of 2008. This has left most retail and institutional investors in jitters. Stock market investors do not seem to have the nerve any longer to invest in stocks.

Stock valuations in certain sectors and companies have become really mouth watering. The promoters of Indian companies have used the recent downswing in stock prices as an opportunity to buy shares of their companies cheaply to enhance their holdings in the company. The stock prices of many companies are ruling at a value of less than one-fourth of their peak in January.

The shareholding pattern for the quarter ending September 2008 shows that in several companies, promoters have raised their stakes substantially. Even though it is hard to find big names, several promoters of mid and small-cap companies have hiked their stakes ranging from 1-20% during the September quarter compared with the previous quarter.

Read complete story at Stockinvest.in

BSE notices 21 October, 2008

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Navin Fluorine International

Navin Fluorine International Ltd has informed BSE that the Board of Directors of the Company at its meeting held on October 21, 2008, inter alia, has proposes to pay an interim dividend of 50% (Rs 5 per share) on 1,00,99,889 equity shares of nominal value of Rs 10/- each, aggregating to Rs 505.00 lacs.

Source: BSE 21 October, 2008

Camlin

Camlin Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE 21 October, 2008

Stewart and Mackertich Investment and Financial

SMIFS Capital Markets Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2008, apart form the consideration of unaudited results for the quarter ended September 30, 2008, the Board would inter alia consider the implementation of the proposed Stock Option Scheme prepared as per the SEBI (Employee Stock Option Scheme) Guidelines, 1999 and approved by the shareholders in the Annual General Meeting of the Company held on September 27, 2008.

Source: BSE 21 October, 2008

Read all the BSE notices from Stockinvest.in>>>>

NSE notices 21 October, 2008

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Gateway Distriparks

Avendus Capital Private Limited has informed the Exchange regarding the details of the equity shares of Gateway Distriparks Limited bought back through the Stock Exchange on October 21, 2008, as follows: 1) Date of Buyback: October 21, 2008; 2) (a) Name of the Broker: Avendus Capital Private Limited; (b) No. of equity shares bought back on BSE: 12,200; (c) No. of equity shares bought back on NSE: 58,900; (d) Total no. of equity shares bought back: 71,100; (e) Average Price of Acquisition (Rs.): 78.1832; 3) (a) Name of the Broker: CLSA India Limited; (b) No. of equity shares bought back on BSE: Nil; (c) No. of equity shares bought back on NSE: Nil; (d) Total no. of equity shares bought back: Nil; (e) Average Price of Acquisition (Rs.): NA; 4) Cumulative Equity Shares bought as on October 20, 2008: 3,861,231; 5) Quantity Closed Out on October 21, 2008 - Nil; 6) Quantity Closed Out as on October 20, 2008 - 31; 7) Total Quantity Closed Out - 31; 8) Total Equity Shares bought back as on October 21, 2008: 3,932,300.

Source: NSE 21 October, 2008

OCL Iron and Steel

OCL Iron And Steel Limited has submitted to the Exchange a copy of the Minutes of the Annual General Meeting of the members of the Company held on September 09, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE 21 October, 2008

Read all the NSE announcements for 21 October, 2008 at Stockinvest.in

Hot Stock Picks from Stockinvest.in

Hot Stock Picks from Stockinvest.in

Stock: HDFC Bank

Price Target: Rs 1087

Brokerage: Motilal Oswal Securities

Motilal Oswal Securities has recommend 'buy' on HDFC Bank stock for a target price at Rs 1,087. Motilal expects earnings CAGR of 32 per cent over FY08-10 on 23 per cent CAGR in assets (combining HDFC Bank with CBoP from FY08 itself). The stock trades at 3.1 times FY09E and 2.3 times FY10E BV, and 20.7 times FY09E and 16.5 times FY10E EPS.

Motilal expects RoA to remain high at 1.3-1.4 per cent, with RoE at over 16 per cent in FY10 and 18 per cent in FY11. Motilal estimates BV at Rs 347 per share for FY09 and at Rs 465 per share for FY10. The brokerage expects EPS to be Rs 53 in FY09 and Rs 66 in FY10.

Read the complete report on Stockinvest.in>>>

NSE notices 20 October, 2008

NSE notices and announcements from Stockinvest.in



Rolta India

Rolta India Ltd. has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 25152 lacs for quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 4464 lacs for the quarter ending on 30-SEP-2008.

Source: NSE Date: 20th-Oct-2008

Rolta India

Rolta India Ltd. has informed the Exchange regarding the consolidated Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 34614 lacs for quarter ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 2390 lacs for the quarter ending on 30-SEP-2008.

Source: NSE Date: 20th-Oct-2008

Voltamp Transformers

Voltamp Transformers Limited has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Net Sales of Rs. 34011.24 lacs for half year ending on 30-SEP-2008. Net Profit / (Loss) of Rs. 5050.5 lacs for the half year ending on 30-SEP-2008.

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BSE notices 20 October, 2008

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Granules India

Granules India Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE Date: 20th-Oct-2008

Dunlop India

Dunlop India Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE Date: 20th-Oct-2008

Alembic

Alembic Ltd has informed BSE regarding a Press Relese dated October 20, 2008 titled “Revenues up 12% at Rs 352 crore. Export sales up by 57%”.

Source: BSE Date: 20th-Oct-2008

For all BSE notices and stock market information from Stockinvest.in click here>>>

Edelweiss maintains a buy on Orbit Corp

Stock picks and hot stock market investing ideas from stockinvest.in

Orbit Corporation

Current market price: Rs 90.10

Brokerage: Edelweiss Securities

Orbit Corporation (Orbit) reported revenues of Rs 73.8 crore, down 9.8 per cent q-o-q and 24.3 per cent y-o-y, for Q2 FY09. The sequential decline was due to lower completion percentage at Orbit WTC and Orbit Eternia. Net profit for the quarter stood at Rs 13.7 crore, as against Rs 39.9 crore in Q2 FY08 and Rs 18.2 crore in Q1 FY09, a decline of 65.6 per cent and 24.8 per cent, respectively.

Three of Orbit’s projects are nearing completion and the company expects Rs 160 crore from customers of these projects by the end of CY08. This amount will be sufficient to fund its construction cost of Rs 100 crore for the year. Further, the company has six projects under construction aggregating 1.06 million square feet of saleable area.

These projects are highly monetisable, albeit at a right price and part sale at few of these projects can generate enough funds for the company to service its debt of Rs 180 crore, including interest cost of Rs 30 crore. The current property environment is adverse and prices are expected to drop, accompanied with lower volumes.

Consequently, the brokerage has revised down its revenue estimates to arrive at an average EPS of Rs 23.1 for FY09 and FY10. At Rs 91, the stock appears attractively priced at 0.5x FY10E book value. Maintain Buy.

Read about other stock market recommendations and hot stock picks and share market investing ideas from Stockinvest.in

Stocks discussed: Infosys, P & G, Axis Bank, L& T

NSE notices 17 October, 2008

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ANG AUTO LIMITED ( 17-Oct-08 )

Chartered Capital and Investments Ltd. has informed the Exchange regarding the details of the equity shares of ANG Auto Ltd. bought back through the Stock Exchange
on October 16, 2008, as follows: 1) Date of Buyback: October 16, 2008; 2) (a) Name of the Broker: Integrated Master Securities Private Limited; (b) No. of equity shares bought back on BSE: 639 ; (c) No. of equity shares bought back on NSE/others: 739; (d) Total no. of equity shares bought back: 1378; (e) Average Price of Acquisition (Rs.): 39.91; 3) Cumulative Equity Shares bought as on October 15, 2008: 365884; 4) Quantity Closed Out on October 16, 2008 - NIL; 5) Quantity Closed Out as on October 15, 2008 - NIL; 6) Total Quantity Closed Out - NIL; 7) Total Equity Shares bought back as on October 16, 2008: 367262.

APOLLO TYRES LTD ( 17-Oct-08 )

Apollo Tyres Ltd has informed the Exchange that: "We have designated the following e-mail ID for redressal of Investor Grievances:- investors@apollotyres.com"

AURIONPRO SOLN LTD ( 17-Oct-08 )

Aurionpro Solutions Limited had informed the Exchange, vide its letter dated October 13, 2008, the proceedings of the Annual General Meeting of the Company held on September 30, 2008. The Company has now informed the Exchange that the company has observed one typographical error in the point No. 2 of the said letter. Rate of dividend declared in the Annual General Meeting is Rs.1.75 per share. While in the said letter the company had written Rs.1.70 per share.

Read all the NSE notices and announcements at Stockinvest.in>>>

BSE notices 17 October, 2008

BSE announcements and notices 17 October, 2008

BOM DYEING ( 17-Oct-08 )

Bombay Dyeing to announce Q2 results Board meeting on 27 October 2008 The board meeting of Bombay Dyeing & Manufacturing Company will be held on 27 October 2008 to approve the unaudited financial results for the second quarter ended 30 September 2008 (Q2).

BEML LTD ( 17-Oct-08 )

BEML to announce Q2 results Board meeting on 29 October 2008 The board meeting of BEML will be held on 29 October 2008 to consider and take record on the un-audited financial results for the second quarter and half year ended 30 September 2008 (Q2).

HIND.PETRO ( 17-Oct-08 )

Hindustan Petroleum Corporation forms CREDA - HPCL Biofuels In association with CREDA Hindustan Petroleum Corporation has formed a subsidiary company i.e. CREDA - HPCL Biofuels in association with Chhattisgarh State Renewable Energy Development Agency (CREDA) constituted for the development of renewable energy sources in the state of Chhattisgarh for the purpose of cultivation of Jatropha Plants for the production of bio-diesel. The company made this announcement during the trading hours today, 16 October 2008.


Read complete list of BSE announcements and notices at Stockinvest.in

NSE notices 16 October, 2008

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Peninsula Lan

Peninsula Land Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 11050 lacs for quarter ending on 30-SEP-2008 against Rs. 11737 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 5460 lacs for the quarter ending on 30-SEP-2008 against Rs. 3369 lacs for the quarter ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Oracle Financial Services Software

Oracle Financial Services Software Limited has informed the Exchange regarding a press release dated October 16, 2008, titled “Oracle announces launch of Oracle FLEXCUBE Regional Support Center in Moscow”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

Sasken Communication Technologies

Sasken Communication Technologies Limited has informed the Exchange vide its letter dated October 16, 2008 that “At the Board meeting held today, Mr. Bharat P Mehta has been appointed as an Alternate Director for Mr. Jyotindra B Mody, in place of Mr. Shirish B. Mody who was hitherto an Alternate Director to him”.

Source: NSE Date: 16th-Oct-2008

HDFC Bank

Hdfc Bank Ltd has informed the Exchange regarding a press release, titled “HDFC Bank Ltd. - Financial Results (Indian GAAP) for the Quarter and Half Year ended September 30, 2008″. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

Provogue (India)

Provogue (India) Limited has submitted to the Exchange a copy of the proceedings at the Annual General Meeting of the Shareholders of the Company held on September 15, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

HDFC Bank

HDFC Bank Ltd has informed the Exchange regarding the standalone Results for the half year ended on 30-SEP-2008 as follows: Interest earned of Rs. 761294 lacs for the half year ending on 30-SEP-2008 against Rs. 443192 lacs for the half year ending on 30-SEP-2007. Interest expended of Rs. 402302 lacs for the half year ending on 30-SEP-2008 against Rs. 228372 lacs for the half year ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 99233 lacs for the half year ending on 30-SEP-2008 against Rs. 68971 lacs for the half year ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Panacea Biotech

Panacea Biotec Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 27, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

HDFC Bank

HDFC Bank Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 399121 lacs for the quarter ending on 30-SEP-2008 against Rs. 236276 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 212476 lacs for the quarter ending on 30-SEP-2008 against Rs. 120008 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 52798 lacs for the quarter ending on 30-SEP-2008 against Rs. 36848 lacs for the quarter ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Panacea Biotech

Panacea Biotec Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on September 27, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

HDFC Bank

HDFC Bank Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Interest earned of Rs. 399121 lacs for the quarter ending on 30-SEP-2008 against Rs. 236276 lacs for the quarter ending on 30-SEP-2007. Interest expended of Rs. 212476 lacs for the quarter ending on 30-SEP-2008 against Rs. 120008 lacs for the quarter ending on 30-SEP-2007. Net Profit / (Loss) of Rs. 52798 lacs for the quarter ending on 30-SEP-2008 against Rs. 36848 lacs for the quarter ending on 30-SEP-2007.

Source: NSE Date: 16th-Oct-2008

Religare Enterprises

Religare Enterprises Limited has informed the Exchange regarding a press release dated October 16, 2008, titled “Religare signs up ace golfer Jyoti Randhawa”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

Religare Enterprises

Religare Enterprises Limited has informed the Exchange regarding a press release dated October 16, 2008, titled “Religare signs up ace golfer Jyoti Randhawa”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

Coral India Finance and Housing

Coral India Finance & Housing Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on September 25, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

Gateway Distriparks

Gateway Distriparks Limited has informed the Exchange vide its letter dated October 14, 2008 the Reconciliation of Share Capital of the company, (pre and post extinguishment). The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 16th-Oct-2008

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BSE announcements 16 October, 2008

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MMTC Ltd

MMTC Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2008, to consider and take on record the unaudited financial results of the Company for the quarter ended on September 30, 2008 (Q2).

Source: BSE Date: 16th-Oct-2008

Religare Enterprises

Religare Enterprises Ltd has informed BSE regarding a Press Release dated October 16, 2008 titled “Religare signs up ace golfer Jyoti Randhawa”

Source: BSE Date: 16th-Oct-2008

Camlin Fine Chemicals

Camlin Fine Chemicals Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE Date: 16th-Oct-2008

Bank Of India

Bank of India has informed BSE that the Bank has raised Tier- II Capital through issue of Upper Tier-II Capital Bonds of Rs 500 Crores on October 16, 2008. The coupon rate is 11.15% p.a. and tenure is 15 years with a Call Option after 10 years.

Source: BSE Date: 16th-Oct-2008

ITL Industries

ITL Industries Ltd has informed BSE that the Company has received a bulk Order worth of Rs 54.93 Crores from M/s. Steel Authority of India Ltd (SAIL), the biggest single order in the Company’s history for supply of Slitting Line and Tube Mill

Source: BSE Date: 16th-Oct-2008

Marathwada Refractories Ltd

Marathwada Refractories Ltd has informed BSE that the 29th Annual General Meeting (AGM) of the Company was held on September 29, 2008.

Source: BSE Date: 16th-Oct-2008

Allcargo Global Logistics

Allcargo Global Logistics Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 25, 2008, inter alia, to consider and approve the following: 1. The Un-audited Financial Results of the Company for the 3rd Quarter and Nine months ended September 30, 2008. 2. Sub-division (Split) of the nominal value of equity shares of the Company.

Source: BSE Date: 16th-Oct-2008

Lloyd Electric and Engineering

Lloyd Electric & Engineering Ltd has informed BSE that the members of the Company by way of postal ballot, have passed the Ordinary resolutions, with requisite majority: 1. Increase in the borrowing limits under Section 293(1)(d) of the Companies Act, 1956. 2. To mortgage / charge the properties of the Company.

Source: BSE Date: 16th-Oct-2008

Supreme Infrastructure India

With reference to the earlier announcement dated October 07, 2008 regarding Board Meeting on Oct 18, 2008, Supreme Infrastructure India Ltd has now informed BSE that due to some unavoidable condition, the Board of Directors of the Company will not be meet on pre decided date i.e. October 18, 2008, therefore the schedule of the Board Meeting has been decided October 25, 2008. Further the Company has informed that, all the matter will be same, which were mentioned in the previous notice dated October 08, 2008 in this regard.

Source: BSE Date: 16th-Oct-2008

Garden Silk Mills

Garden Silk Mills Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, inter alia, to consider and take on record the Audited Financial Results of the Company for the year ended June 30, 2008 and recommendation of dividend, if any. At the aforesaid meeting the Board of Directors will also consider and take on record the Unaudited Financial Results (Provisional) of the Company, for the first quarter ended September 30, 2008.

Source: BSE Date: 16th-Oct-2008

Hindalco Industries

With reference to the earlier announcement dated October 13, 2008 regarding Issue of Warrants on a Preferential basis, Hindalco Industries Ltd has now informed BSE that the date of receipt of Rs 17.387 against each Warrant should be read as “April 11, 2007″ instead of “April 10, 2008″. The Corrected Announcement should be read as follows : “With reference to the allotment of 8 Crore Warrants made by the Company on April 11, 2007 on a preferential basis to IGH Holdings Pvt. Ltd in pursuance of the approval accorded by the Members of the Company at the EGM held on February 25, 2007 and in respect of which in principle approval was granted by the Stock Exchanges. The holder of each warrant was entitled to apply for and obtain allotment of one Equity Share against each Warrant at the rate of Rs 173.87 per share. The Company had received Rs 17.387 against each Warrant on April 11, 2007. As per the provisions of Securities and Exchange Board of India (Disclosure and Investor Protection) Guidelines 2000, the Warrant Holder can exercise the right for conversion of Warrant into Equity Shares within 18 months from the date of the allotment i.e. within 18 months from April 11, 2007 by paying the balance amount. Further note that IGH Holdings Pvt. Ltd has not exercised its right for conversion of the Warrants into shares within the time stipulated under the preferential guidelines. Accordingly, the aforesaid Warrants now stands lapsed.”

Source: BSE Date: 16th-Oct-2008

Sasken Communication Technologies

Sasken Communication Technologies Ltd has informed BSE regarding a Press Release dated October 16, 2008 titled “Sasken Q2 FY 09 Revenues at Rs 176.3 crores - up 23% YoY”.

Source: BSE Date: 16th-Oct-2008

Sree Rayalaseema Alkalies and Allied Chemicals

Sree Rayalaseema Alkalies & Allied Chemicals Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008.

Source: BSE Date: 16th-Oct-2008

SKM Egg Products Export (India)

SKM Egg Products Export India Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 09, 2008.

Source: BSE Date: 16th-Oct-2008

Share market news and stock investing tips from stockinvest.in

Stocks to watch

From time to time Stockinvest.in team makes an effort to track stocks which are in news for various reason. These stocks are usually not an immediate investment opportunity as their full potential will be realized later on.

The idea of mentioning these stocks is to keep track of them and invest in such stocks when the time is right.

The following stocks were in news in August 2008. How the stock market movement and later day developments in the share market effect such stocks is visible to everyone who tracks the Indian stock markets.

Stocks in news:

Bajaj Auto:

French auto major Renault has opened a second front with ultra-low-cost car partner Bajaj Auto by inviting the Pune-based two-wheeler maker to pick up stake in Renault Nissan Automotive India, which is setting up a $1-billion greenfield plant in Chennai. The company is also negotiating with Bajaj to extend the ultra-low-cost car partnership to include marketing, sales and distribution of Renault vehicles to be made in Chennai.

M&M:

Mahindra & Mahindra is going to foray into the two-wheeler segment by agreeing to buy the assets of Kinetic Motor Company for Rs 110 crore. M&M will buy the assets through a new company called Mahindra Kinetic Scooters and Motorcycles, which will own the assets of the Pune-based Kinetic Motor. M&M will own 80 per cent of the new company. Kinetic Motor, which makes two-wheelers, will own 20% in the new joint venture firm.

Ranbaxy:

The stock of Ranbaxy made some handsome gains from the beginning of 2008 but was hammered down lately on the news flow of investigation by US Justice Department in company’s affairs.

The US Department of Justice intends to withdraw its motion to enforce subpoenas on Ranbaxy Laboratories after the Indian major submits the entire audit documents sought by the federal authorities.

Axis Bank:

The government is mulling a proposal to sell part of the equity holdings it controls in Axis Bank through qualified institutional placement to a wide base of investors. The plan envisages offering over 21 per cent of Axis Bank’s equity held on behalf of the government by the Specified Undertaking of UTI to a broad-based set of investors.

UTV:

Minority shareholders of of Sony Entertainment Television (SET), now called Multi Screen Media (MSM), who hold 32 per cent stake in MSM, had earlier reached an agreement to sell their stake to billionaire-industrialist B K Modi. However, the future of that agreement is now in some doubt. It is learnt that Indian entertainment company UTV, along with Disney, is in discussion with Sony Pictures Entertainment to see if they could buy the 32 per cent stake.

Torrent Pharma:

Japan’s pharma giant Takeda Pharmaceutical is keenly eyeing Ahmedabad-based Torrent Pharmaceuticals as a possible acquisition.

Videocon:

The Dhoots of Videocon group have offered to buy Mahendra Nahata’s 36 per cent stake in all-India mobile licence holder Datacom Solutions.

ITC:

FMCG major ITC is planning to acquire an US-based IT company through its subsidiary ITC Infotech India.

New offers on the cards:

The central government is planning to list at least three state-run hydropower companies, reports mint. Satluj Jal Vidyut Nigam, Thehri Hydroelectric Development Corporation and North Eastern Electric Power Corporation may soon enter capital market.

Keeping an eye on the news flow can help you make decisions about the stocks you might want to invest in. The future prospect of any company depends on its present status and future plans. The foray of these established players into new areas can add value to their stock and make them an attractive investment idea.

Always keep the basics of stock market investing in your mind when investing in stocks. The management of the company, past track record in project implementation and execution, cash flows, debt, product and product market, turn over, profits and the growth rate are some the factors you should consider while investing in a stock.

Stock Markets on All Fools Day

The stock market keeps jumping up sometimes giving false hope to investors of the golden days gone by when everything moved only one way-UP. Now is the time to be skeptical and cautious. It is also a time for picking up some good growth and value stocks for long term buys.

Here is an old post of mine from April 1st , 2008 when the stock markets and spcifially Wall Street had jumped up on all fools day.

Stock Market Surges

Is this the real thing or is the Wall Street playing an all fools day joke on everyone? During the dot com bust the stock market jumped 3 to 4 percent many times rekindling hopes only to shatter them once again. The tech stocks gained as much as 7 to 8 percent on those days. Is history repeating itself? Have the wise ones learnt their lessons from the past? Is the worst over? I don’t think so.

People are clinging to straws. Stock traders are buying because the news is not as bad as they thought it would be! This means less bad news is good news! Will the stock markets world over move up just on hope? Who can say, only time will tell. Stock markets seem to have a mind of their own and a knack for proving the experts wrong. ( and catching you and me on the wrong foot)

Banks are trying to clean up their books in a hurry and I sure hope they are able to. I do not think we are out of the woods as yet.

Why the Spurt?

* Investors rushed back into stocks, optimistic that the worst of the credit crisis has passed and that the economy is faring better than expected.

* Renewed enthusiasm that the credit crisis might be waning was also felt in the Treasury market, where government securities fell as investors withdrew money to take bets on stocks.

* In addition to hopes about the financial sector, Wall Street was relieved to see the feeble dollar regain some strength against the Euro.

* The stock rally was boosted by the announcements from UBS and Lehman Brothers that they are boosting capital by issuing new stock.

* The Institute for Supply Management said its index of national factory activity edged up in March, although it remained below the level that separates growth from contraction still, it beat expectations, which brought back the investors.

Encouraging economic data and strength in financial shares fueled Tuesday’s rally, with major indexes each up over 3%.The Dow Jones industrial average .DJI gained 391.47 points, or 3.19 percent, to end at 12,654.36. The Standard & Poor’s 500 Index .SPX rose 47.48 points, or 3.59 percent, to 1,370.18. The NASDAQ Composite Index .IXIC jumped 83.65 points, or 3.67 percent, to 2,362.75.

Other stock markets on all fools day :

Tokyo’s Nikkei closed up 1.04 percent. There were gains in Europe too, with London’s FTSE rising 2.64 percent, Frankfurt’s DAX gaining 2.84 percent and Paris’ CAC 40 advancing 3.38 percent.

My cautious suggestion to stock market investors will be to wait and watch. The stock markets are not going to run up in a hurry and your favorite stocks will give you many opportunities for stock picking. good luck from stockinvest.in team

NSE notices 15 October, 2008

Latest NSE announcements and notices from Stockinvest.in

HCL Technologies

Hcl Technologies Ltd has informed the Exchange that the Board of Directors of the Company at its meeting held on October 15, 2008 has declared an interim dividend of Rs.3/- per share (150% on an equity share of the face value of Rs.2/-). Further, the Book closure from October 23, 2008 to October 24, 2008 (both days inclusive) fixed for payment of said interim dividend has been confirmed by the Board Directors.

HCL Technologies Ltd has informed the Exchange regarding the standalone Results for the quarter ended on 30-SEP-2008 as follows: Net Sales of Rs. 117580 lacs for quarter ending on 30-SEP-2008 against Rs. 110775 lacs for the quarter ending on 30-JUN-2008. Net Profit / (Loss) of Rs. 25379 lacs for the quarter ending on 30-SEP-2008 against Rs. (1354) lacs for the quarter ending on 30-JUN-2008

Source: NSE Date: 15th-Oct-2008

Mphasis

Mphasis Limited has informed the Exchange that: “The exercise of the following stock options have been approved by the ESOP Committee of the Company: a) Scheme : 1998 Plan Version I & II - Options Exercised : Nil; b) Scheme : ESOP 2000 Plan - Options Exercised : 400; c) Scheme : ESOP 2003 Plan - Options Exercised : Nil; d) Scheme : ESOP 2004 Plan - Options Exercised: Nil; e) Total Options Exercised : 400. The terms and time period of exercise of the stock options is as per the relevant ESOP Schemes”.

Source: NSE Date: 15th-Oct-2008

ANG Auto

Chartered Capital And Investment Limited has submitted to the Exchange a copy of the fortnightly newspaper announcement published in the newspaper for the buyback of upto 750000 equity shares by M/s ANG Auto Limited dated October 11, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 15th-Oct-2008

SRF

Enam Securities Pvt. Ltd. has informed the Exchange that SRF Limited (”the Company”) is buying back its own fully paid up equity shares (”Shares”) of face value Rs.10/- each (”the Buyback”) from the open market through the electronic trading facilities of the Bombay Stock Exchange Ltd (”BSE”) and The National Stock Exchange of India Ltd. (”NSE”) (together the “Stock Exchanges”). The Company has appointed Enam Securities Pvt. Ltd., as its brokers (”Appointed Broker”) for placing orders on the Stock Exchanges. The details of shares bought back by the Company as on October 15, 2008, are as follows: (a) Name of the Broker: Enam Securities Pvt. Ltd.; (b) Date of buyback: October 15, 2008; (c) No. of equity shares bought back on BSE: Nil; (d) No. of equity shares bought back on NSE: Nil; (e) Total No. of equity shares bought back: Nil; (f) Average Market Price of Acquisition (Rs.):Nil; (g) Cumulative Equity Shares bought as on October 14, 2008: 2854762; (h) Quantity Closed Out on October 15, 2008 - Nil; (i) Quantity Closed out as on October 14, 2008 - 901; (j) Total Quantity Closed Out - 901; (k) Total Equity Shares bought back as on October 15, 2008: 2855663.

Source: NSE Date: 15th-Oct-2008

Bank Of India

Bank Of India has submitted to the Exchange a copy of Notice published in the newspapers for the purpose of Election of three shareholders directors from amongst the shareholders other than the Central Government - Extraordinary General Meeting to be held on October 23, 2008. A copy of the notice published in the news paper shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 15th-Oct-2008

Punj Lloyd

Punj Lloyd Limited has informed the Exchange that “The Company had entered into a Joint Venture with Swissport International Limited to develop projects in the Indian cargo and ground handling sector in June 2006. However, as various options available in India’s ground handling business are currently undergoing very dynamic changes, Punj Lloyd is seeking to redefine its options and opportunities in the Indian Market and to do so Punj Lloyd and Swissport have amicably decided not to pursue the ground handling opportunities in India and have mutually agreed to terminate the Joint Venture”.

Source: NSE Date: 15th-Oct-2008

Oil and Natural Gas Corporation

Oil & Natural Gas Corpn Ltd has submitted to the Exchange a copy of the minutes of the Annual General Meeting of the members of the Company held on September 19, 2008. The copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 15th-Oct-2008

Balaji Amines

Balaji Amines Limited has informed the Exchange that members at their Annual General Meeting of the Company held on September 24, 2008 have transacted the following: 1) Received, considered and adopted the Audited Balance Sheet as on March 31, 2008 and profit & loss account for the year ending on that date along with reports of director and auditors thereof. 2) Dividend was declared @ Rs. 1.50/- per equity share of Rs.10/- to the Shareholders, whose names appear on the Register of Members of the Company as on the date of this meeting. 3) Re-appointed Sri S. Vishnu Roa as Director of the Company. 4) Re-appointed Sri. M. R. Krishnaiah as a Director of the Company. 5) Re-appointed M/s V. Sridhar & Co., Chartered Accountants as Statutory Auditors of the company from conclusion of this Annual General Meeting to conclusion of next annual general meeting.

Source: NSE Date: 15th-Oct-2008

Pasupati Fabrics

Pasupati Fabrics Limited has informed the Exchange that “Mr. Raj Kumar Gupta has resigned from the post of Director of the Company w.e.f. 3rd October 2008

Source: NSE Date: 15th-Oct-2008

Jet Airways

Jet Airways (India) Ltd. has submitted to the Exchange the statement issued by the Company on October 15, 2008 regarding adjustments in network and work force. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 15th-Oct-2008

Satyam Computer Services

Satyam Computer Services Ltd has informed the Exchange that the Compensation committee of Directors of the Company allotted 54013 equity shares through circular resolution on October 14, 2008 approved on October 15, 2008 under stock option plans of the Company. Further, consequent to the above allotment, the paid up share capital of the Company has gone up from 673,560,065 equity shares of Rs.2/- each aggregating Rs. 1,347,120,130.00 to 673,614,078 equity shares of Rs.2/- each aggregating Rs. 1,347,228,156.00.

Source: NSE Date: 15th-Oct-2008

NIIT

Niit Limited has informed the Exchange regarding a press release dated October 15, 2008, titled “NIIT launches comprehensive ‘NIIT eGURU’ solution for schools”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements

Source: NSE Date: 15th-Oct-2008

Sanwaria Agro Oils

Sanwaria Agro Oils Limited has informed the Exchange that in the meeting of the board of directors held on October 15, 2008 the Board approved Unaudited Financial Results (Provisional) for the second quarter ended on September 30, 2008 with 154.93% increase in Turnover, 158.93% increase in PBT & 158.93% increase in PAT in comparison with previous Quarter ended on September 30, 2007

Source: NSE Date: 15th-Oct-2008

Electrosteel Castings

Electrosteel Castings Ltd has informed the Exchange that the Board of Directors at its meeting held on October 15, 2008: Accorded its consent, subject to approval of shareholders, to issue upto to 4,24,00,000 equity shares of Re.1/- each to two Non-Promoter overseas Companies on a preferential basis at a price of not less than the price to be calculated as per SEBI Guidelines or Rs.38/- per share whichever is higher. The Ordinary General Meeting has been called on December 15, 2008 for the said purpose.

Source: NSE Date: 15th-Oct-2008

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BSE notices 15 October, 2008

Latest BSE announcements and notices from Stockinvest.in

Fem Care Pharma

With reference to news item appearing in leading financial daily titled “Dabur in talks to buy Fem Care for Rs 300 crore”, Fem Care Pharma Ltd has clarified to BSE that the Company is not aware of any acquisition talk with Dabur India Ltd as reported in the Press.

Source: BSE Date: 15th-Oct-2008

Sun Pharmaceutical Industries

Sun Pharmaceutical Industries Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 25, 2008, inter alia, to consider and take on record the un-audited financial results of the Company for the half year / second quarter ended September 30, 2008 (Q2).

Source: BSE Date: 15th-Oct-2008

Suraj Holdings

Suraj Holdings Ltd has informed BSE about the audited financial results for the Year ended March 31, 2008.

Source: BSE Date: 15th-Oct-2008

Great Eastern Shipping Company

Great Eastern Shipping Company Ltd (GE Shipping) has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, inter alia, to consider the following: 1. Unaudited Financial Results (Provisional) for the quarter ended September 30, 2008 (Q2). 2. Declaration of Interim Dividend on the equity shares of the Company.

Source: BSE Date: 15th-Oct-2008

Ambuja Cements

Ambuja Cements Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, to consider the quarterly unaudited financial results for the 3rd quarter ended September 30, 2008 (Q3) of the Corporate Financial Year 2008

Source: BSE Date: 15th-Oct-2008

Electrotherm (India)

Electrotherm India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, inter alia, to consider the following business: 1. To consider and take on record Unaudited Financial Results (Provisional) for the quarter ended on September 30, 2008. 2. To appoint Mr. Siddharth Bhandari as Additional Director & Whole Time Director. 3. To appoint Mrs. Jyoti Bhandari, relative of Director to hold Office or Place of Profit. 4. To redesignate Mr. Avinash Bhandari, Whole Time Director as Joint Managing Director and Chief Executive Officer (CEO). 5. To give authority to the Board for subscription and Investment in Bhaskarpara Coal Company Ltd, a Joint Venture company proposed to be Incorporated in Chhattisgarh.

Source: BSE Date: 15th-Oct-2008

Rajratan Global Wire

Rajratan Global Wire Ltd has informed BSE regarding the minutes of the 20th Annual General Meeting (AGM) of the Company held on September 20, 2008.

Source: BSE Date: 15th-Oct-2008

Gabriel India

Gabriel India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, for the purpose of taking on record Unaudited (Provisional) Financial Results (Q2) for the quarter ended September 30, 2008 and to consider declaration of interim dividend.

Source: BSE Date: 15th-Oct-2008

Tulip Star Hotel

With reference to the earlier announcement dated September 09, 2008 about the postponement of the 21st Annual General Meeting of the Company, Tulip Star Hotels Ltd has informed BSE that in sequel to the Company’s application to ROC, NCT of Delhi and Haryana seeking extension of time for convening the AGM for the financial year 2007-2008 up to December 31, 2008, the Ministry of Corporate Affairs vide their letter dated September 22, 2008 granted extension up to November 30, 2008 to hold AGM of the Company. In view of the above, the Company will be convening the AGM for the year 2007-2008 on or before November 30, 2008

Source: BSE Date: 15th-Oct-2008

Bharat Seats

Bharat Seats Ltd has informed BSE about the unaudited financial results for the Quarter ended Sep 30, 2008

Source: BSE Date: 15th-Oct-2008

Sri Malini Spinning Mills

Sri Malini Spinning Mills Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 29, 2008, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as at March 31, 2008 and the Profit & Loss Account for the period ended March 31, 2008 (together with all the Schedules and Notes appended thereto) and the Directors’ Report and the Auditors’ Report thereon. 2. Re-appointment of Sri. R Lakshminarayanan, as a Director of the Company. 3. Appointment of Mr. L Narayanan, Chartered Accountants, Salem as Auditors of the Company for the current financial year 2008-2009 to hold office till the conclusion of the next Annual General Meeting on remuneration, terms & conditions

Source: BSE Date: 15th-Oct-2008

Sterling Biotech

Sterling Biotech Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 24, 2008, to consider and take on record and for publication of the un-audited quarterly financial results of the Company for the third quarter ended on September 30, 2008 (Q3).

Source: BSE Date: 15th-Oct-2008

Chirawa Cements Ltd

Chirawa Cements Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on September 25, 2008, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet as on March 31, 2008 and the Profit & Loss Account for the period ended on that date and the Report of the Directors & Auditors thereon. 2. Re-appointment of Sh. Anuj Gupta as a Director of the Company. 3. Re-appointment of M/s. Vidya & Co., Chartered Accountants, as Auditors of the Company to hold office from the conclusion of this Annual General Meeting to the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions.

Source: BSE Date: 15th-Oct-2008

Avon Organics

Avon Organics Ltd has informed BSE that the members at the 15th Annual General Meeting (AGM) of the Company held on September 30, 2008, inter alia, have approved the following: 1. The audited Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the financial year ended March 31, 2008 and the Report of the Directors and Auditors thereon. 2. Appointment of Mr. K C Gupta & Dr. T Krishna as Directors who retires by rotation and being eligible, offers themselves for re-appointment. 3. Appointment of M/s. Shyam Sharma & Co as Statutory Auditors of the Company for the year 2008-2009 and to hold office from the conclusion of this Annual General Meeting upto the conclusion of the next Annual General Meeting of the Company and to fix their remuneration

Source: BSE Date: 15th-Oct-2008

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SEBI circulars 14 October, 2008

Latest SEBI circulars, notices and announcements from Stockinvest.in

PR No.219/2008

Order against Virgin Finance Pvt. Ltd. in the matter of Design Auto Systems Ltd. Dr. T.C.Nair, Whole Time Member, SEBI has passed an order dated October 13, 2008 against Virgin Finance Pvt. Ltd. in the matter of Design Auto Systems Ltd., directing the entity not to access the capital market, or buy, sell or deal in securities in any manner directly or indirectly for a period of three years, for violation of provisions of regulations 3 and 4 of SEBI (Prohibition of Fraudulent and Unfair Trade Practices relating to Securities Market) Regulations, 1995. The order comes into force with immediate effect. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 14, 2008

Source: SEBI Date: 2008-10-14


PR No.217/2008

Consent Order against M/s. Ventura Securities Ltd. in the matter of M/s. Somplast Leather Industries Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated October 7, 2008, on an application submitted by M/s. Ventura Securities Ltd., in the matter of M/s. Somplast Leather Industries Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.6,00,000/- (Rupees six lakh only) towards the terms of consent in the matter. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 14, 2008

Source: SEBI Date: 2008-10-14


PR No.218/2008

Consent Order in the matter of M/s Uniflex Cables Ltd. A Panel consisting of Dr. T.C. Nair, Whole Time Member, SEBI and Shri M.S. Sahoo, Whole Time Member, SEBI has passed a consent order dated October 08, 2008, on the application of consent by M/s. Uniflex Cables Ltd., for making requisite disclosures, under Regulation 6(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 1997 (hereinafter referred to as �Takeover Regulations�) for the year 1997 and Regulation 8(3) of the said Regulations for the years 1998-2002, with considerable delay, in the matter of M/s. Uniflex Cables Ltd., in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.2,50,000/- (Rupees Two Lakh Fifty Thousand only) towards the terms of consent in the matter. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 14, 2008

Source: SEBI Date: 2008-10-14


PR No.216/2008

Consent Order against Shri Deep Kumar Trivedi in the matter of M/s. Top Telemedia Ltd. and M/s. Top Media Entertainment Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated October 8, 2008, on an application submitted by Shri Deep Kumar Trivedi, in the matter of M/s. Top Telemedia Ltd. and M/s. Top Media Entertainment Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 3,00,000/- (Rupees three lakh only) towards the terms of consent in the matter. The full text of the order is available on the website www.sebi.gov.in Mumbai October 13, 2008

Source: SEBI Date: 2008-10-14


PR No.215/2008

Consent Order on the application submitted by M/s. Top Telemedia Ltd. in the matter of M/s. Top Telemedia Ltd. and M/s. Top Media Entertainment Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated October 8, 2008, on an application submitted by M/s. Top Telemedia Ltd., in the matter of M/s. Top Telemedia Ltd. and M/s. Top Media Entertainment Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant without admitting or denying the charges, has filed an undertaking not to buy, sell or deal in securities or access securities market directly or indirectly for a period of three years towards the terms of consent in the matter. The order comes into force with immediate effect. The full text of the order is available on the website www.sebi.gov.in Mumbai October 13, 2008

Source: SEBI Date: 2008-10-14


PR No.214/2008

Consent Orders on the applications submitted by M/s.Top Media Entertainment Ltd. in the matter of M/s. Top Telemedia Ltd. and )M/s.Top Media Entertainment Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed two consent orders dated October 8, 2008, on applications submitted by M/s. Top Media Entertainment Ltd., in the matter of M/s. Top Telemedia Ltd. and M/s. Top Media Entertainment Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant without admitting or denying the charges, has filed an undertaking not to buy, sell or deal in securities or access securities market directly or indirectly for a period of three years towards the terms of consent in the matters. The orders come into force with immediate effect. The full text of the orders is available on the website www.sebi.gov.in Mumbai October 13, 2008

Source: SEBI Date: 2008-10-14

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SEBI circulars 13 October, 2008

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PR No.212/2008

Order against M/s. Tees and Toes Finance and Investment Ltd. Dr. T.C.Nair, Whole Time Member, SEBI has passed an order dated October 08, 2008 to the effect that enquiry proceedings against M/s. Tees and Toes Finance and Investment Ltd., Member, NSE have been disposed of in the matter of M/s. Media Video Ltd. The full text of the order is available on the website www.sebi.gov.in Mumbai October 13, 2008

Source: SEBI Date: 2008-10-13


PR No.213/2008

Consent Order against M/s. JBS Securities Pvt. Ltd. in the matter of M/s. Adani Exports Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated October 08, 2008, on an application submitted by M/s. JBS Securities Pvt. Ltd., a trading member of National Stock Exchange of India Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders, in the matter of M/s. Adani Exports Ltd. (now known as M/s. Adani Enterprises Ltd.). The applicant has remitted a sum of Rs.15,00,000/- (Rupees fifteen lakh only) towards the terms of consent in the matter. The full text of the order is available on the website www.sebi.gov.in Mumbai October 13, 2008

Source: SEBI Date: 2008-10-13


PR No.211/2008

Consent Order on the application submitted by Mangal Keshav Securities Ltd. in the matter of Database Finance Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated September 30, 2008, on an application submitted by Mangal Keshav Securities Ltd., in the matter of Database Finance Ltd., in accordance with SEBI Circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs.10,00,000/- (Rupees ten lakh only) towards the terms of consent in the matter. The full text of the order is available on the website www.sebi.gov.in Mumbai October 10, 2008

: SEBI Date: 2008-10-13


PR No.210/2008

Consent order in respect of Shri Sachin Jain in the matter of Atlanta Ltd. A Panel comprising of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed consent order dated September 30, 2008, in accordance with SEBI Guidelines dated April 20, 2007 for consent orders, on an application submitted by Shri Sachin Jain who was alleged to be involved in Fraudulent and Unfair Trade Practices relating to securities market. SEBI had passed an interim Order dated February 22, 2007 under Sections 11(1), 11B and 11(4)(b) of SEBI Act, 1992, pending investigation and passing of final order, directing Shri Sachin Jain, among others, not to buy, sell or deal in securities of Atlanta Ltd. till further directions. Shri Sachin Jain, Company Secretary of Atlanta Ltd., was found to have transferred the shares of Atlanta Ltd. allotted under employees� quota in the IPO of Atlanta Ltd., through off-market transactions to the persons who had provided funds to apply for the shares on their behalf. Shri Sachin Jain had applied for settlement of above proceedings through a consent order. In terms of consent terms, Shri Sachin Jain has paid Rs.50,000/- (Rupees fifty thousand only) towards settlement charges and submitted an undertaking that he shall not buy, sell or deal in securities for a period of one year. The order shall come into force with immediate effect. The full text of the order is available on the website www.sebi.gov.in Mumbai October 10, 2008

Source: SEBI Date: 2008-10-13


PR No.208/2008

Consent order against Shri Inderjeet Singh Vaghela in the matter of Top Media Entertainment Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M.S.Sahoo has passed a consent order dated September 30, 2008, on an application submitted by Shri Inderjeet Singh Vaghela, in the matter of Top Media Entertainment Ltd. in accordance with SEBI circular dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rupees One Lakh towards the terms of consent in the matter and has also undertaken a voluntary bar from buying, selling or otherwise dealing in securities market, directly or indirectly, in any manner whatsoever, for a period of one year. The order shall come into force with immediate effect. The full text of the order is available on the website www.sebi.gov.in Mumbai October 08, 2008

Source: SEBI Date: 2008-10-13


PR No.206/2008

Consent Order in the matter of M/s Arshiya International Limited A Panel consisting of Dr. T. C. Nair, Whole Time Member and Shri.M.S.Sahoo, Whole Time Member has passed consent order dated September 30, 2008, on the application of consent for non compliance of Regulation 6(4) for the year 1997 and regulation 8(3) for the years 1998,1999 and 2006 of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations 1997 submitted by M/s. Arshiya International Limited in the matter of M/s. Arshiya International Limited., in accordance with SEBI Circular on consent orders dated April 20, 2007. The applicant has remitted a sum of Rs.2,50,000/- (Rupees Two Lakh Fifty Thousand only) towards the terms of consent in the matter. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 07, 2008

Source: SEBI Date: 2008-10-13


PR No.204/2008

Consent Order on the application submitted by Rajesh Nanubhai Jhaveri in the matter of Accurate Exports Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo, has passed a consent order dated September 30, 2008, on an application submitted by Rajesh Nanubhai Jhaveri in the matter of Accurate Exports Ltd., in accordance with SEBI Guidelines dated April 20, 2007 for consent orders. The applicant has remitted a sum of Rs. 8,00,000/- (Rupees eight lakh only) towards the terms of consent in the matter. The full text of the order is available on the website www.sebi.gov.in Mumbai October 07, 2008

Source: SEBI Date: 2008-10-13


PR No.205/2008

Consent order on the application submitted by M/s. Jayantilal Khandwala & Sons Pvt. Ltd. A Panel consisting of Whole Time Members, Dr. T. C. Nair and Shri M. S. Sahoo has passed a consent order dated September 30, 2008 on the application submitted by M/s. Jayantilal Khandwala & Sons Pvt. Ltd., in the matter of inspection of its books of accounts and records, in accordance with SEBI Guidelines dated April 20, 2007 for consent order. The applicant has remitted a sum of Rs.3,00,000/- (Rupees three lakh only) towards settlement charges, in the matter. This order shall come into force with immediate effect. The full text of the order is available on the website: www.sebi.gov.in Mumbai October 07, 2008

Source: SEBI Date: 2008-10-13

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NSE notices 14 October, 2008

NSE announcements and notices from Stockinvest.in

HDFC Bank

Hdfc Bank Ltd has informed the Exchange that the Investor Grievance (Share) Committee of the Bank at its meeting held on October 14, 2008, has approved allotment of 81,000 equity shares to the employees of the Bank under the Employees Stock Option Scheme (ESOS).

Source: NSE Date: 14th-Oct-2008

Tata Motors

Tata Motors Limited has informed the Exchange regarding a press release dated October 14, 2008, titled “TMETC acquires 50.3% stake in Norway’s Miljo Grenland/Innovasjon, To launch first electric vehicle, Indica EV, in 2009″. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 14th-Oct-2008

Allahabad Bank

Allahabad Bank has informed the Exchange vide its letter dated October 14, 2008 that “On date Bank has entered into an MOU with Kotak Mahindra Old Mutual Life Insurance Ltd for providing group insurance coverage to the educational loan borrowers of the Bank.”

Source: NSE Date: 14th-Oct-2008

Dr Reddys Laboratories

Dr. Reddy’S Laboratories Ltd. has informed the Exchange regarding a press release dated October 14, 2008, titled “Dr. Reddy’s wholly-owned subsidiary Promius Pharma launches EPICERAM (R) skin barrier emulsion “. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)

Source: NSE Date: 14th-Oct-2008

Infotech Enterprises

Infotech Enterprises Ltd has informed the Exchange regarding a press release dated October 14, 2008, titled “Engine Alliance a joint venture of Pratt & Whitney and General Electric Aviation strengthens its roots in India through GP7200 engine powering A380; -1100 engineers from Infotech work on Engine Alliance-”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 14th-Oct-2008

Mphasis

Mphasis Limited has informed the Exchange that “Mr. Jeroen Tas, Director has resigned from the Board of the Company effective 13 October 2008″

Source: NSE Date: 14th-Oct-2008

Tata Chemicals

Tata Chemicals Ltd. has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on August 04, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date:14th-Oct-2008

Blue Dart Express

Blue Dart Express Ltd has informed the Exchange regarding a press release dated October 13, 2008, titled “Blue Dart wins ‘NDTV Profit Business Leadership Award 2008′”. A copy of the press release shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 14th-Oct-2008

Orbit Corporation

Orbit Corporation Limited had submitted to the Exchange the presentation on the Un-audited Financial Results for the quarter ended September 30, 2008 The Company has now informed the Exchange that in the Result Analysis Presentation of the Un-audited Financial Results, on the page 7, there is a typographical error wherein the EBIDTA should be read as INR 242.47 million instead of INR 358.52 million. Further the Company has submitted to the Exchange a revised presentation on the Unaudited Financial Results for the quarter ended September 30, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).

Source: NSE Date: 14th-Oct-2008

Housing Development Finance Corporation

Housing Development Finance Corporation Ltd. has informed the Exchange that the Corporation on October 14, 2008, allotted 2,03,108 equity shares of Rs. 10 each under distinctive numbers from 284236929 to 284440036 (both numbers inclusive) pursuant to conversion of FCCBs by bondholders. Post the above allotment, the paid up equity share capital of the Corporation would stand at Rs. 284,44,00,360 consisting 28,44,40,036 equity shares of Rs. 10 each. The summary of the FCCBs converted till date is as follows: (1) Total FCCBs issued (Face Value USD 100000) : 5000. (2) Number of FCCBs converted till date : 3894. (3) %ge converted : 77.88%.

Source: NSE Date: 14th-Oct-2008

Himadri Chemicals and Industries

Himadri Chemicals And Industries Ltd has informed the Exchange that “The shareholders of the Company, by way of postal ballot, have approved the following special resolution at the deemed Extra Ordinary General Meeting (EGM) held on October 11, 2008: (1) Alteration of Objects clause of the Memorandum of Association of the Company by way of passing a special Resolution pursuant to Section 17 of the Companies Act, 1956;”.

Source: NSE Date: 14th-Oct-2008

Resurgere Mines and Minerals India

Resurgere Mines & Minerals India Limited has informed the Exchange that “The following is the Email ID for Investor Grievance Contact of the Company: cosec@resurgere.in”

Source: NSE Date: 14th-Oct-2008

Procter and Gamble Hygiene and Health Care

Procter & Gamble Hygiene And Health Care Limited has submitted to the Exchange a copy of the proceedings of the Annual General Meeting of the Company held on October 10, 2008. A copy of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements)..

Source: NSE Date: 14th-Oct-2008

Birla Power Solutions

Birla Power Solutions Limited has informed the Exchange that at the Board meeting held on October 14, 2008 the Board of Directors have transacted the following items:- (1) Recommended a dividend @3% (Rs.0.30 paise per share) on equity shares of Rs.10/- each. (2) Approved raising of funds by way of Public Issue and / or Rights Issue and / or QIP Issue (as per Chapter XIII A of SEBI (DIP) Guidelines) upto a sum of Rs.60.00 crores subject to approval of shareholders in Annual General Meeting, u/s 81 (1A) of the Companies Act, 1956.

Source: NSE Date: 14th-Oct-2008

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