NSE notices 22 October, 2008

Latest NSE announcements and notices from Stockinvest.in

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

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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

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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.

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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.

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BSE notices 21 October, 2008

Latest BSE notices and announcements from Stockinvest.in

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

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