Nitin Alloys standalone Sep '13 sales at Rs 8.69 crore

Oct 31, 2013, 12.28 PM IST

Nitin Alloys Global has reported a sales standalone turnover of Rs 8.69 crore and a net profit of Rs 0.42 crore for the quarter ended Sep '13

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Nitin Alloys standalone Sep '13 sales at Rs 8.69 crore

Nitin Alloys Global has reported a sales standalone turnover of Rs 8.69 crore and a net profit of Rs 0.42 crore for the quarter ended Sep '13

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Nitin Alloys standalone Sep '13 sales at Rs 8.69 crore

Nitin Alloys Global has reported a sales standalone turnover of Rs 8.69 crore and a net profit of Rs 0.42 crore for the quarter ended Sep '13

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Nitin Alloys Global has reported a standalone sales turnover of Rs 8.69 crore and a net profit of Rs 0.42 crore for the quarter ended Sep '13. Other income for the quarter was Rs 0.02 crore. For the quarter ended Sep 2012 the standalone sales turnover was Rs 8.78 crore and net profit was Rs 0.50 crore, and other income Rs 0.02 crore. Nitin Alloys shares closed at 36.75 on June 11, 2013 (BSE)

Nitin Alloys Global Standalone Quarterly Results -------- in Rs. Cr. --------

Sep '13 Jun '13 Mar '13 Sales Turnover 8.69 8.86 9.52 Other Income 0.02 0.01 0.03 Total Income 8.70 8.87 9.55 Total Expenses 7.97 8.07 8.76 Operating Profit 0.72 0.79 0.76 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -- -- -- Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 0.74 0.80 0.79 Interest 0.01 0.02 0.05 PBDT 0.72 0.77 0.75 Depreciation 0.21 0.21 0.21 Depreciation On Revaluation Of Assets -- -- -- PBT 0.51 0.56 0.54 Tax 0.09 0.10 0.39 Net Profit 0.42 0.46 0.15 Prior Years Income/Expenses -- -- -- Depreciation for Previous Years Written Back/ Provided -- -- -- Dividend -- -- -- Dividend Tax -- -- -- Dividend (%) -- -- -- Earnings Per Share 3.03 3.29 1.09 Book Value -- -- -- Equity 1.40 1.40 1.40 Reserves -- -- -- Face Value 10.00 10.00 10.00 Source : Dion Global Solutions Limited

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Archies standalone Sep '13 sales at Rs 47.89 crore

Oct 31, 2013, 12.28 PM IST

Archies has reported a sales standalone turnover of Rs 47.89 crore and a net profit of Rs 0.79 crore for the quarter ended Sep '13

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Archies standalone Sep '13 sales at Rs 47.89 crore

Archies has reported a sales standalone turnover of Rs 47.89 crore and a net profit of Rs 0.79 crore for the quarter ended Sep '13

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Archies standalone Sep '13 sales at Rs 47.89 crore

Archies has reported a sales standalone turnover of Rs 47.89 crore and a net profit of Rs 0.79 crore for the quarter ended Sep '13

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Archies has reported a standalone sales turnover of Rs 47.89 crore and a net profit of Rs 0.79 crore for the quarter ended Sep '13. Other income for the quarter was Rs 0.51 crore. For the quarter ended Sep 2012 the standalone sales turnover was Rs 48.04 crore and net profit was Rs 1.19 crore, and other income Rs -0.14 crore. Archies shares closed at 19.05 on October 30, 2013 (NSE) and has given 13.06% returns over the last 6 months and -24.55% over the last 12 months.

Archies Standalone Quarterly Results -------- in Rs. Cr. --------

Sep '13 Jun '13 Mar '13 Sales Turnover 47.89 39.34 55.34 Other Income 0.51 0.54 0.06 Total Income 48.40 39.88 55.40 Total Expenses 45.22 38.10 50.64 Operating Profit 2.67 1.24 4.70 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -- -- -- Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 3.18 1.78 4.76 Interest 0.69 0.48 0.53 PBDT 2.49 1.29 4.23 Depreciation 1.30 1.23 1.30 Depreciation On Revaluation Of Assets -- -- -- PBT 1.19 0.06 2.93 Tax 0.40 0.01 0.93 Net Profit 0.79 0.05 2.00 Prior Years Income/Expenses -- -- -- Depreciation for Previous Years Written Back/ Provided -- -- -- Dividend -- -- -- Dividend Tax -- -- -- Dividend (%) -- -- -- Earnings Per Share 0.23 0.02 0.59 Book Value -- -- -- Equity 6.76 6.76 6.76 Reserves -- -- -- Face Value 2.00 2.00 2.00 Source : Dion Global Solutions Limited

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Astra Microwave standalone Sep '13 sales at Rs 115.30 crore

Oct 31, 2013, 12.28 PM IST

Astra Microwave Products has reported a sales standalone turnover of Rs 115.30 crore and a net profit of Rs 11.60 crore for the quarter ended Sep '13

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Astra Microwave standalone Sep '13 sales at Rs 115.30 crore

Astra Microwave Products has reported a sales standalone turnover of Rs 115.30 crore and a net profit of Rs 11.60 crore for the quarter ended Sep '13

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Astra Microwave standalone Sep '13 sales at Rs 115.30 crore

Astra Microwave Products has reported a sales standalone turnover of Rs 115.30 crore and a net profit of Rs 11.60 crore for the quarter ended Sep '13

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Astra Microwave Products has reported a standalone sales turnover of Rs 115.30 crore and a net profit of Rs 11.60 crore for the quarter ended Sep '13. Other income for the quarter was Rs 3.42 crore. For the quarter ended Sep 2012 the standalone sales turnover was Rs 38.52 crore and net profit was Rs 5.96 crore, and other income Rs 2.00 crore. Astra Microwave shares closed at 42.45 on October 30, 2013 (NSE) and has given 4.30% returns over the last 6 months and 4.69% over the last 12 months.

Astra Microwave Products Standalone Quarterly Results -------- in Rs. Cr. --------

Sep '13 Jun '13 Mar '13 Sales Turnover 115.30 37.22 121.14 Other Income 3.42 2.12 0.58 Total Income 118.72 39.34 121.72 Total Expenses 98.88 32.21 81.29 Operating Profit 16.42 5.01 39.85 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -0.09 -0.02 -0.06 Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 19.84 7.13 40.43 Interest 1.11 0.78 0.52 PBDT 18.64 6.34 39.84 Depreciation 3.57 3.19 3.62 Depreciation On Revaluation Of Assets -- -- -- PBT 15.07 3.15 36.22 Tax 3.47 0.98 9.25 Net Profit 11.60 2.17 26.97 Prior Years Income/Expenses -- -- -- Depreciation for Previous Years Written Back/ Provided -- -- -- Dividend -- -- -- Dividend Tax -- -- -- Dividend (%) -- -- -- Earnings Per Share 1.42 0.26 3.30 Book Value -- -- -- Equity 16.37 16.37 16.37 Reserves -- -- -- Face Value 2.00 2.00 2.00 Source : Dion Global Solutions Limited

Action in Astra Microwave Products

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Bosch's Q3 results on Nov 12, 2013

Oct 30, 2013, 12.27 PM IST

Bosch Ltd has informed that a meeting of the Committee of Directors constituted for the purpose will be held on November 12, 2013 to approve the Unaudited Financial Results for the quarter/nine months ended September 30, 2013 (Q3).

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Bosch's Q3 results on Nov 12, 2013

Bosch Ltd has informed that a meeting of the Committee of Directors constituted for the purpose will be held on November 12, 2013 to approve the Unaudited Financial Results for the quarter/nine months ended September 30, 2013 (Q3).

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Bosch's Q3 results on Nov 12, 2013

Bosch Ltd has informed that a meeting of the Committee of Directors constituted for the purpose will be held on November 12, 2013 to approve the Unaudited Financial Results for the quarter/nine months ended September 30, 2013 (Q3).

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Bosch Ltd has informed BSE that a meeting of the Committee of Directors constituted for the purpose will be held on November 12, 2013 to approve the Unaudited Financial Results for the quarter/nine months ended September 30, 2013 (Q3).Source : BSE

Read all announcements in Bosch

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Expect H2FY14 to be substantially better: Brigade Entp

In an interview to CNBC-TV18, MR Jaishankar, CMD, Brigade Enterprise said, the company's performance in terms of revenue in the second quarter was similar to the previous quarter, but H2FY14 is likely to be substantially better for the real estate developer.

The company's revenue in Q2FY14 stood at Rs 171.50 crore versus Rs 184.50 crore, year-on-year (Y-o-Y). Its EBITDA in Q2 fell marginally to Rs 47.20 crore versus Rs 47.40 crore (Y-o-Y). Profit after tax rose to Rs 19 crore against Rs 14.80 crore (Y-o-Y).

Also Read: Eye Rs 1000cr revenue from new launch, says Brigade Enterprises

Meanwhile, the company had recently announced that it will open 10 Holiday Inn Express Hotels in South India. Speaking about the venture, Jaishankar said, the company will sign MoU for Holiday Inn Express hotels today and he expects Holiday Inn Express hotels to start in eight-12 months. These hotels will be owned by Brigade Group and managed by InterContinental Hotels Group (IHG).

Below is the edited transcript of MR Jaishankar's interview with CNBC-TV18

Q: What exactly was the residential space that was sold in the past quarter?

A: We have sold about 700,000 sq ft of space which is more or less similar to the previous quarter.

Q: Could you tell us what the average price realisations were this quarter because on the whole your real estate business has come down this quarter?

A: The average price realisation is better. It is Rs 5,050/sq ft as compared to about Rs 4,600/sq ft, so it is better to the extent of 8-9 percent. Though the performance is more or less similar to last quarter in terms of revenue, there is overall improvement in profitability. We expect the coming two quarters to be substantially better for the Brigade Group.

Q: With regard to your hospitality segment, the EBIT margins have approved on that particular segment and also early this morning we did get news that in fact the Brigade group as well as IHG are likely to open 10 Holiday Inn Express Hotels, what are the details of that, take us through that?

A: In fact the memorandum of understanding (MoU) is going to be signed only today afternoon. The intention is to build a 10 Holiday Inn Express Hotels in south India in the next five-seven years, which will be managed by the Intercontinental Hotel Group. Of this, we plan start two hotels within next eight-12 months time. We are already building a Holiday Inn Tidel Park Hotel in Chennai, which would be operational in about 15 months to 18 months.

Q: With respect to the two hotels that you are targeting in the next 8-12 months, could you tell us the investment that the company has lined up and what profitability you are expecting also from these?

A: The investment would be in the range of Rs 50 crore and Rs 80 crore for each hotel, depending on the number of rooms and normally the gross operating profit (GOP) for a Holiday Inn Express Hotel should be somewhere in the range of more than 50 percent. These are three-star hotels.

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Havells India Q2 beats street, PAT up 44.5% to Rs 125.7 cr

Moneycontrol Bureau

Electrical products manufacturer Havells India beat analysts' expectations on every parameter with second quarter (July-September) standalone profit after tax rising a whopping 44.5 percent year-on-year to Rs 125.7 crore, driven by sales growth in all segments.

Total income of the company climbed 21.75 percent on yearly basis to Rs 1,174 crore in three-month period ended September 2013.

According to a CNBC-TV18 poll, analysts on an average had expected the company to report net profit of Rs 95.6 crore on total income of Rs 1,066 crore for the quarter.

Core earnings before interest, tax, depreciation and amortisation (EBITDA) jumped 42 percent Y-o-Y to Rs 169 crore and operating profit margin expanded 200 basis points Y-o-Y to 14.4 percent in the quarter gone by. Analysts had expected EBITDA at Rs 138 crore and margin at 13 percent.

Switchgears revenues rose 22.9 percent year-on-year to Rs 313.5 crore and cable revenues increased 24.8 percent to Rs 487.4 crore during September quarter.

Revenues from its lighting & fixtures segment climbed 15.4 percent Y-o-Y to Rs 180 crore and electrical consumer durables revenue soared 19 percent to Rs 193.3 crore during the same period.

Other income jumped to Rs 7.81 crore in September quarter from Rs 1.95 crore in a year ago period while tax expenses surged to Rs 29.63 crore from Rs 18.47 crore Y-o-Y.

At 12:22 hours IST, the stock was trading at Rs 741.50, up 5.97 percent amid large volumes on the BSE.

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Maruti Q2 PAT seen up 152% at Rs 574 cr: KR Choksey

KR Choksey has come out with its second quarter (July-September) earnings estimates for the automobile sector. The brokerage house expects Maruti Suzuki India to report a 9 percent degrowth quarter-on-quarter (up 152 percent Y-o-Y) in net profit at Rs 574 crore.

Revenues of Maruti Suzuki India are expected to decrease by 4 percent Q-o-Q (up 19 percent Y-o-Y) to Rs 9,870 crore, according to KR Choksey.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 8 percent Q-o-Q (up 111 percent Y-o-Y) to Rs 1,071 crore.

EBITDA margin or operating profit margin is likely to be at 10.9 percent in September quarter as against 11.4 percent in June quarter and 6.1 percent in a year ago period.

KR Choksey's Report on Maruti Suzuki India:

Topline grew by 19 percent on Y-o-Y basis mainly on account of volume growth of 13 percent Y-o-Y and better realisation up by 6 percent.

Improvement on margins side on Y-o-Y basis was due to low base effect because of strike took place in the same quarter last year.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Buy Union Bank, Aurobindo Pharma; sell Rel Cap: Kant

In CNBC-TV18's popular show Bull's Eye, Dharmesh Kant of India Nivesh Securities shares his trading strategies for the day.

One may buy Union Bank of India with a price target of Rs 129 keeping a stoploss at Rs 119. The last quarter numbers in Union Bank were pretty decent compared to some of its peers with gross non-performing assets (NPA) less than 3.5 percent and net NPA less than 2 percent. I believe the asset quality will remain stable even in this quarter. Earnings and valuations currently trading at 0.43 price to book on technical basis which is a deep discount to 0.8-0.9-0.10 price to book on our historical basis.

One may buy Aurobindo Pharma with a price target of Rs 224 keeping a stoploss at Rs 212. It is trending at huge discount compared to some of its peers at 7.7 lakh FY15 price to earnings multiple. Rationale behind the same being first the rupee depreciation, secondly they have chased the product mix and the generics pharmaceutical business has been doing considerable well in the US segment.

One may sell Reliance Infrastructure for a price target of Rs 406 keeping a stoploss at Rs 427. There has been a structural problem in Reliance Infra when one looks at the balance sheet and the working capital which is getting stretched. The reason being the recent projects are getting delayed because execution problem is there and commercialization of existing projects is also pending. Given the macro headwinds in the current scenario, it would be difficult for Reliance Infra to sustain its trading gains and it will be more of a sell on rallies kind of a stock.

One may sell Reliance Capital with a price target of Rs 340 keeping a stoploss at Rs 357. It has been not doing very well when it comes to the financial numbers and the operating leverage on which it operates because of the higher cost of the wholesale funds which has been there. Around 60-65 percent of the contribution comes on commercial finance business and the other financing arm. So I think the values or the gains which we see would be unsustainable for Reliance Capital.

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Maruti Q2 net may rise 110% at Rs 477.5 cr: Motilal Oswal

Motilal Oswal has come out with its second quarter (July-September) earnings estimates for the automobile sector. The brokerage house expects Maruti Suzuki India to report a 24.4 percent degrowth quarter-on-quarter (up 109.9 percent Y-o-Y) in net profit at Rs 477.5 crore.

Revenues of Maruti Suzuki India are expected to decrease by 1.8 percent Q-o-Q (up 21 percent Y-o-Y) to Rs 10,052.8 crore, according to Motilal Oswal.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to fall by 17.1 percent Q-o-Q (up 90.1 percent Y-o-Y) to Rs 966.7 crore.

Motilal Oswal's Report on Maruti Suzuki India:

Our quarterly estimates for 2QFY14 include SPIL's merger; hence, Y-o-Y performance is strictly not comparable.

Expect volumes to improve 15.3 percent Y-o-Y (flat Q-o-Q) on a lower base (labor issues related production constraints last year). Realizations to improve 5.4 percent YoY (-1.6 percent Q-o-Q). Sequential decline in realizations is due to higher discounts and weak product mix (higher petrol share).

Expect margins to improve 350bp Y-o-Y on a low base. Sequentially, margins would fall by 180bp on higher discounts and lower share of
diesel vehicles.

We downgrade FY14E/15E EPS by 8.7 percent/9.5 percent as we moderate our margin assumption on continued increase in discounts and adverse currency movement.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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How do investors benchmark their bond funds?

Q: What do you benchmark your bond against? How do you know that this is a good bond fund performing efficiently?

A: There are two way to look at it. One is that when you invest in a bond fund the worst thing you should do is to look at historical return because these return already come in and they is no guarantee that this fund will deliver similar kind of return. Unlike equity, in a bond you need to look at simple thing that what is the current portfolio maturity and what is the current portfolio yield and if you invest in that product and have that kind of maturity yield and if you stay invested in that fund for that period then yield minus expenses you are going to get it.

If you look at liquid right now, liquid fund have a 60 days maturity, current portfolio yield is 10 percent plus, 25 bps expenses, you are going to get 9.75 to 10 percent for next 60 days. Similarly if you look at accrual products, which are one year plus kind of products where current yield is anything between 11 to 11.5 and 12 percent. You take 1.5 percent expenses, 10 percent plus kind of return you get, suppose you stay invested for one year period, so that is a way one need to look at.

Technically I can answer you that it has to be benchmark against the bond index and all that which for a normal investor doesn't matter. I think the real benchmark for a bond is to look at company FDs. If you have one year company FD, if you have three year company FD and you have product which is one year maturity or three year maturity then that product yield to maturity (YTM) has to be higher than the bank deposit.

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How important are bonds in a portfolio?

Q: The bond funds are an integral part of almost anyone's investment portfolio particularly mutual fund portfolio. What do bonds do to your portfolio in terms of stability risk rewards etc?

A: Bond is a kind of product which is different from any other asset category, for instance investment in a real estate or in gold or in the share market. When the price goes down of any of these products, you never know when the price is going to come back. The beauty of the bond product is suppose you are holding a bond and if the price of the bond fall, it mean from tomorrow the yield will start going up. So, suppose you are holding a 10-year bond of 8 percent and tomorrow interest rate goes up to 9 percent, so immediately you will see depreciation in net asset value ( NAV ) but from that day onward yield instead of 8 percent it will start from 9 percent. So, in a bond if you hold till maturity then there is no way you are going to lose capital if you are invested in a good quality bond. So, when you look at investing in bond and I am not restricting myself to the bond but the whole fixed income space one need to invest.

Many people go on lend money to their friends and in the businesses extremely risky. People invest in company deposits - extremely risky. When people look at investing in the bond, I think what happens in bond that it has a coupon which keeps coming to you on regular basis. So, in a way it is a very good tool for customer to invest and it give a protection to the customer's portfolio, it provides regularity of income and in a way it is a very essential part of any customer's portfolio.

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Tax-free bonds: Is it a good bet?

Q: Explain all these spotlights that are there on the tax-free bonds. How much does that add to the reward that I get at the end of the tenure for which I am investing?

A: I am not a big believer of tax-free bond for simple reason that if you are a high net worth individual and you invest in mutual fund and you disinvest after one year, you just pay 10 percent long-term capital gain but when you invest in a tax-free bond, government take a calculation saying that all investors are in highest bracket. So, he starts from day one paying highest tax slab.

It is a tax-free bond, nice but in a ten year period you find many times capital losses in your books. So, if you have a mutual fund bond portfolio and you have a capital losses somewhere else then you can adjust these things which is not possible in tax-free bond, for instance if you are running a business; you have a business of investing and that you have some losses where many people keep having for various reasons. Now you have a taxable instrument like mutual fund or lower instrument like mutual fund, you can adjust those. So, I am not a big believer in tax-free bond and I do not think they serve much purpose to the investor but the lure of them is too high for many investors to avoid.

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Mahalaxmi Cresec sells 2.37 lakh shares of Financial Tech

On October 25, 2013 Mahalaxmi Cresec Private Limited sold 2,37,281 shares of Financial Technologies at Rs152.05 on the NSE.

In the previous trading session, the share closed at Rs 149.85, down Rs 5.25, or 3.38 percent.

Also Read - NSEL promoter Shah, ex-CEO Sinha blame each other for fraud

The share touched its 52-week high Rs 1,223.80 and 52-week low Rs 102.05 on 13 November, 2012 and 30 August, 2013, respectively. It is trading 87.76 percent below its 52-week high and 46.84 percent above its 52-week low.

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Mithra Venture buys 75.32 lakh shares of KSK Energy

Oct 26, 2013, 10.20 AM IST

On October 25, 2013 Mithra Venture Projects & Investment LLP bought 75,32,942 shares of KSK Energy Ventures at Rs 56.25.

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Mithra Venture buys 75.32 lakh shares of KSK Energy

On October 25, 2013 Mithra Venture Projects & Investment LLP bought 75,32,942 shares of KSK Energy Ventures at Rs 56.25.

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Mithra Venture buys 75.32 lakh shares of KSK Energy

On October 25, 2013 Mithra Venture Projects & Investment LLP bought 75,32,942 shares of KSK Energy Ventures at Rs 56.25.

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On October 25, 2013 LB Mauritius II Ltd sold 75,32,942 shares of KSK Energy Ventures at Rs 56.25 on the BSE.

However, Mithra Venture Projects & Investment LLP bought 75,32,942 shares at Rs 56.25.

In the previous trading session, the share closed at Rs 65.85, up Rs 9.85, or 17.59 percent.

The share touched its 52-week high Rs 70.20 and 52-week low Rs 41.40 on 10 January, 2013 and 28 March, 2013, respectively. It is trading 6.2 percent below its 52-week high and 59.06 percent above its 52-week low.

Action in KSK Energy Ventures

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J P Morgan Sec sells 20 lakh shares of S Kumars Nationwide

On October 25, 2013 Hridaynath Consultancy Private Limited bought 24,87,220 shares of S Kumars Nationwide at Rs 5.25 on the BSE.

However, J P Morgan Sec Ltd A/C Copthall Mauritius Invest Ltd sold 20,00,000 shares at Rs 5.25.

In the previous trading session, the share closed at Rs 5.25, up Rs 0.25, or 5 percent.

The share touched its 52-week high Rs 18.20 and 52-week low Rs 2.27 on 25 October, 2012 and 30 August, 2013, respectively. It is trading 71.15 percent below its 52-week high and 131.28 percent above its 52-week low.

On October 22, 2013 and October 23, 2013 J P Morgan Sec Ltd A/C Copthall Mauritius Invest Ltd sold 20,35,000 shares at Rs 4.55 and 17,42,464 shares at Rs 4.77 respectively.

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Base metals may slip further; sell copper on rise: NBang

Nirmal Bang's report on base metals

Industrial metals prices dipped to its lowest level in nearly two weeks yesterday as persistent concerns about credit tightening in top metals consumer China offset upbeat manufacturing growth there.

Copper is expected to end the year 8 percent lower, and tumble further in 2014 as demand struggles against strong supply growth from new and existing mines, a Reuters poll showed.

Kazakh miner Kazakhmys said on Thursday it was on track to hit the "upper end" of its output guidance for 2013, despite a steeper-than-expected dip in production in the third quarter as weak grades continued to weigh.

Nyrstar, the world's largest producer of zinc, on Thursday said it would mine less zinc in concentrate than previously expected, due to operational problems at two of its mines in the United States and Canada.

Brazil imported 4,420 tonnes of aluminium in the month, compared with 3,894 tonnes in September 2012, according to figures from the country´s trade minister. In January-September, exports amounted to 26,970 tonnes, from 29,624 tonnes in the corresponding period last year.

Copper miner Tiger Resources has set a new quarterly production record at its 60 percent-owned Kipoi copper project, in the Democratic Republic of Congo (DRC). Tiger produced 12 123 t of copper in concentrate from its heavy-media separation plant in the September quarter.

FUNDAMENTAL OUTLOOK: Industrial metals prices are trading lower on international bourses. We expect a further downside in the prices of metals on account of higher supplies in local Chinese markets. Copper in particular can be sold on rallies.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Sell BHEL Oct Fut; target of Rs 130: IIFL

Oct 25, 2013, 12.25 PM IST

According to IIFL, traders can sell BHEL October Futures below Rs 138 for target price of Rs 130 with a stop loss of Rs 142.

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Sell BHEL Oct Fut; target of Rs 130: IIFL

According to IIFL, traders can sell BHEL October Futures below Rs 138 for target price of Rs 130 with a stop loss of Rs 142.

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Sell BHEL Oct Fut; target of Rs 130: IIFL

According to IIFL, traders can sell BHEL October Futures below Rs 138 for target price of Rs 130 with a stop loss of Rs 142.

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IIFL's research report on Bharat Heavy Electricals (BHEL)

"On the daily chart, BHEL has reversed from the resistance line which coincides with its 100-DMA, suggesting that the likelihood of further upside over the short-term has diminished. For now, the risk/return of establishing long positions is less than ideal. Moreover, the stock has broken below the small consolidation pattern between Rs152-142. It presents great opportunity for the traders to jump in on the downtrend. An occurrence of this event indicates further selling and continuation of the downtrend. (Duration 5 days)," says IIFL research report.

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click here

Action in Bharat Heavy Electricals

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Vantage Corporate Services' board meeting on Oct 31, 2013

Oct 25, 2013, 12.29 PM IST

Vantage Corporate Services has informed that a meeting of the Board of Directors of the Company will be held on October 31, 2013, to consider and take on records the Unaudited Financial Results of the Company for the quarter ended September 30, 2013 & also to consider the Appoint of Additional Director.

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Vantage Corporate Services' board meeting on Oct 31, 2013

Vantage Corporate Services has informed that a meeting of the Board of Directors of the Company will be held on October 31, 2013, to consider and take on records the Unaudited Financial Results of the Company for the quarter ended September 30, 2013 & also to consider the Appoint of Additional Director.

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Vantage Corporate Services' board meeting on Oct 31, 2013

Vantage Corporate Services has informed that a meeting of the Board of Directors of the Company will be held on October 31, 2013, to consider and take on records the Unaudited Financial Results of the Company for the quarter ended September 30, 2013 & also to consider the Appoint of Additional Director.

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Vantage Corporate Services Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on October 31, 2013, to consider and take on records the Unaudited Financial Results of the Company for the quarter ended September 30, 2013 & also to consider the Appoint of Additional Director.Source : BSE

Read all announcements in Vantage Corp

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Don’t see QE tapering till March 2014: Macquarie

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Oct 24, 2013, 12.27 PM IST

In an interview to CNBC-TV18, Nizam Idris of Macquarie spoke about the currency market.

In an interview to CNBC-TV18, Nizam Idris of Macquarie spoke about the currency market.

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Prefer UltraTech Cement, Shree Cements: Anand Rathi

Oct 24, 2013, 12.27 PM IST

Jaspreet Singh Arora, Senior Analyst - Cement & Construction - Institution Equity of Anand Rathi advises to prefer UltraTech Cement from largecap cement space and Shree Cement from midcap cement space.

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Prefer UltraTech Cement, Shree Cements: Anand Rathi

Jaspreet Singh Arora, Senior Analyst - Cement & Construction - Institution Equity of Anand Rathi advises to prefer UltraTech Cement from largecap cement space and Shree Cement from midcap cement space.

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Prefer UltraTech Cement, Shree Cements: Anand Rathi

Jaspreet Singh Arora, Senior Analyst - Cement & Construction - Institution Equity of Anand Rathi advises to prefer UltraTech Cement from largecap cement space and Shree Cement from midcap cement space.

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Jaspreet Singh Arora, Senior Analyst - Cement & Construction - Institution Equity of Anand Rathi told CNBC-TV18, " UltraTech Cement has been a top pick in cement sector. Post the deal, it is going to be sometime before that materialises and come on to UltraTech's books because there are whole host of approvals required before UltraTech can take over that asset. But given the fact that it was backed at a very fancy valuation, which is probably at the lowest that one could have seen in terms of deal in the last couple of years."

He further added, "UltraTech is a domestic story and the largest player and they are also present in ancillary businesses like white cement and putty and the amount of growth that one can expect in a largecap like UltraTech we are not expecting that in ACC or Ambuja. So tomorrow if there is any volume growth in double digits coming back to the sector in either next calendar year or year after, probably UltraTech will be the only one to catch on that and get the benefit of it."

"In the midcap space, we are bullish on Shree Cements and The Ramco Cements but the way The Ramco Cements has performed in the last two quarters, the only name to bet on right now in the midcaps would only be Shree Cements."

14.02 | 0 komentar | Read More

Buy ICICI Bank 1060 calls; sell 1080 1100 calls: Trivedi

Oct 24, 2013, 12.27 PM IST

Amit Trivedi, Co-Founder of Investworks.in advises buying ICICI Bank 1060 calls and selling 1080 & 1100 calls.

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Buy ICICI Bank 1060 calls; sell 1080 & 1100 calls: Trivedi

Amit Trivedi, Co-Founder of Investworks.in advises buying ICICI Bank 1060 calls and selling 1080 & 1100 calls.

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Buy ICICI Bank 1060 calls; sell 1080 & 1100 calls: Trivedi

Amit Trivedi, Co-Founder of Investworks.in advises buying ICICI Bank 1060 calls and selling 1080 & 1100 calls.

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Amit Trivedi, Co-Founder of Investworks.in told CNBC-TV18, "In last one month, ICICI Bank is almost at a high point. We think either the stock should consolidate at these levels or marginally go up. Hence we are recommending that people can buy 1,060 strike calls and sell 1,080 strike calls and 1,100 calls. So there is a call ladder strategy we are executing."

"There is around Rs 2 invested in this strategy which is a maximum loss. If ICICI Bank goes up, you will make maximum profit of Rs 18 in the strategy," he added.

14.02 | 0 komentar | Read More

Saint-Gobain standalone Sep '13 sales at Rs 25.20 crore

Oct 23, 2013, 12.27 PM IST

Saint-Gobain Sekurit has reported a sales standalone turnover of Rs 25.20 crore and a net profit of Rs 0.34 crore for the quarter ended Sep '13

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Saint-Gobain standalone Sep '13 sales at Rs 25.20 crore

Saint-Gobain Sekurit has reported a sales standalone turnover of Rs 25.20 crore and a net profit of Rs 0.34 crore for the quarter ended Sep '13

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Saint-Gobain standalone Sep '13 sales at Rs 25.20 crore

Saint-Gobain Sekurit has reported a sales standalone turnover of Rs 25.20 crore and a net profit of Rs 0.34 crore for the quarter ended Sep '13

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Saint-Gobain Sekurit has reported a standalone sales turnover of Rs 25.20 crore and a net profit of Rs 0.34 crore for the quarter ended Sep '13. Other income for the quarter was Rs 0.48 crore. For the quarter ended Sep 2012 the standalone sales turnover was Rs 29.26 crore and net profit was Rs 0.69 crore, and other income Rs 0.47 crore. Saint-Gobain shares closed at 13.65 on October 22, 2013 (BSE) and has given -44.85% returns over the last 6 months and -65.40% over the last 12 months.

Saint-Gobain Sekurit Standalone Quarterly Results -------- in Rs. Cr. --------

Sep '13 Jun '13 Mar '13 Sales Turnover 25.20 26.38 27.85 Other Income 0.48 0.41 0.25 Total Income 25.68 26.79 28.10 Total Expenses 23.00 24.34 26.56 Operating Profit 2.20 2.04 1.29 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -- -- -- Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 2.68 2.45 1.54 Interest 0.05 0.03 -0.03 PBDT 2.63 2.42 1.57 Depreciation 2.29 2.25 2.29 Depreciation On Revaluation Of Assets -- -- -- PBT 0.34 0.17 -0.72 Tax -- -0.03 0.61 Net Profit 0.34 0.20 -1.33 Prior Years Income/Expenses -- -- -- Depreciation for Previous Years Written Back/ Provided -- -- -- Dividend -- -- -- Dividend Tax -- -- -- Dividend (%) -- -- -- Earnings Per Share 0.04 0.02 -- Book Value -- -- -- Equity 91.11 91.11 91.11 Reserves -- -- -- Face Value 10.00 10.00 10.00 Source : Dion Global Solutions Limited

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Mahindra Comp standalone Sep '13 sales at Rs 17.64 crore

Oct 23, 2013, 12.27 PM IST

Mahindra Composites . has reported a standalone sales turnover of Rs 17.64 crore and a net loss of Rs 0.10 crore for the quarter ended Sep '13

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Mahindra Comp standalone Sep '13 sales at Rs 17.64 crore

Mahindra Composites . has reported a standalone sales turnover of Rs 17.64 crore and a net loss of Rs 0.10 crore for the quarter ended Sep '13

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Mahindra Comp standalone Sep '13 sales at Rs 17.64 crore

Mahindra Composites . has reported a standalone sales turnover of Rs 17.64 crore and a net loss of Rs 0.10 crore for the quarter ended Sep '13

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Mahindra Composites . has reported a standalone sales turnover of Rs 17.64 crore and a net loss of Rs 0.10 crore for the quarter ended Sep '13. For the quarter ended Sep 2012 the standalone sales turnover was Rs 13.78 crore and net profit was Rs 0.25 crore. Mahindra Comp shares closed at 54.35 on October 22, 2013 (BSE) and has given 87.41% returns over the last 6 months and 17.64% over the last 12 months.

Mahindra Composites . Standalone Quarterly Results -------- in Rs. Cr. --------

Sep '13 Jun '13 Mar '13 Sales Turnover 17.64 13.21 11.76 Other Income -- -- -- Total Income 17.64 13.21 11.76 Total Expenses 16.99 12.94 11.38 Operating Profit 0.65 0.27 0.38 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -- 0.96 -- Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 0.65 0.27 0.38 Interest 0.24 0.25 0.24 PBDT 0.41 0.98 0.14 Depreciation 0.51 0.47 0.45 Depreciation On Revaluation Of Assets -- -- -- PBT -0.10 0.51 -0.31 Tax -- 0.04 0.03 Net Profit -0.10 0.47 -0.34 Prior Years Income/Expenses -- -- -- Depreciation for Previous Years Written Back/ Provided -- -- -- Dividend -- -- -- Dividend Tax -- -- -- Dividend (%) -- -- -- Earnings Per Share -- 1.07 -- Book Value -- -- -- Equity 4.42 4.41 4.41 Reserves -- -- -- Face Value 10.00 10.00 10.00 Source : Dion Global Solutions Limited

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V-Guard Ind standalone Sep '13 sales at Rs 334.04 crore

Oct 23, 2013, 12.27 PM IST

V-Guard Industries has reported a sales standalone turnover of Rs 334.04 crore and a net profit of Rs 14.48 crore for the quarter ended Sep '13

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V-Guard Ind standalone Sep '13 sales at Rs 334.04 crore

V-Guard Industries has reported a sales standalone turnover of Rs 334.04 crore and a net profit of Rs 14.48 crore for the quarter ended Sep '13

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V-Guard Ind standalone Sep '13 sales at Rs 334.04 crore

V-Guard Industries has reported a sales standalone turnover of Rs 334.04 crore and a net profit of Rs 14.48 crore for the quarter ended Sep '13

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V-Guard Industries has reported a standalone sales turnover of Rs 334.04 crore and a net profit of Rs 14.48 crore for the quarter ended Sep '13. Other income for the quarter was Rs 1.13 crore. For the quarter ended Sep 2012 the standalone sales turnover was Rs 313.47 crore and net profit was Rs 17.97 crore, and other income Rs 1.12 crore. V-Guard Ind shares closed at 523.25 on October 22, 2013 (NSE) and has given 7.88% returns over the last 6 months and 24.36% over the last 12 months.

V-Guard Industries Standalone Quarterly Results -------- in Rs. Cr. --------

Sep '13 Jun '13 Mar '13 Sales Turnover 334.04 408.16 378.72 Other Income 1.13 1.10 0.52 Total Income 335.17 409.26 379.23 Total Expenses 291.25 377.21 358.77 Operating Profit 42.79 30.95 19.95 Profit On Sale Of Assets -- -- -- Profit On Sale Of Investments -- -- -- Gain/Loss On Foreign Exchange -- -- -- VRS Adjustment -- -- -- Other Extraordinary Income/Expenses -- -- -- Total Extraordinary Income/Expenses -- -- -- Tax On Extraordinary Items -- -- -- Net Extra Ordinary Income/Expenses -- -- -- Gross Profit 43.92 32.05 20.47 Interest 4.81 5.49 6.26 PBDT 39.10 26.55 14.21 Depreciation 18.58 2.87 2.88 Depreciation On Revaluation Of Assets -- -- -- PBT 20.52 23.68 11.33 Tax 6.04 6.04 2.39 Net Profit 14.48 17.64 8.94 Prior Years Income/Expenses -- -- -- Depreciation for Previous Years Written Back/ Provided -- -- -- Dividend -- -- -- Dividend Tax -- -- -- Dividend (%) -- -- -- Earnings Per Share 4.85 5.91 2.99 Book Value -- -- -- Equity 29.85 29.85 29.85 Reserves -- -- -- Face Value 10.00 10.00 10.00 Source : Dion Global Solutions Limited

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