Thursday, October 20, 2011
Wednesday, October 19, 2011
Petronet LNG Ltd reported a 98.5 per cent jump in its net profit for the second quarter at Rs 260.33 crore, against Rs 131.12 crore in the corresponding period last year.
The company's turnover increased by 75.5 per cent at Rs 5,366.87 crore against Rs 3,057.72 crore in the same quarter last year.
The sharp rise in net profit was achieved on the back of additional volumes with better margins and operational efficiency, according to Mr A.K Balyan, Chief Executive Officer, Petronet.
The liquefied natural gas (LNG) importer plans to invest Rs 3,000 crore on expanding its Dahej plant's capacity to 15 million tonnes from the present 10 MT. During the quarter, the Dahej terminal had operated at 106 per cent of its capacity.
During the quarter, the company's total re-gasified volume rose to 135.08 trillion British thermal units against 99.78 tBtus in the corresponding quarter last year.
“Construction work at the Kochi terminal is on schedule and it is expected to be commissioned by the fourth quarter this year. We expect to commission 5 million tonnes in the October-December quarter next year,” he said.
Petronet may also consider setting up a terminal in the East Coast, Mr Balyan said. By 2015, the company is expected to build a capacity of 25 million tonnes, he added. The company is also in talks with LNG projects in Australia to source supplies for its expansion.
To check attrition and reward performing employees, the company's board has approved the setting up of a trust to purchase shares from the open market for an employee stock options scheme, said Mr R.K Garg, the Finance Director.
Wednesday, October 12, 2011
The bottom-line too came in above estimates, rising 11% to Rs 1,900 crore.
Infosys has marginally marked down FY12 dollar revenue guidance to 17-19%, but on the other hand it has significantly raised rupee EPS guidance to 143-145.
Country's second largest software services exporter Infosys is set to report a growth of 9.9% quarter-on-quarter in profit of Rs 1,891 crore for the second quarter of FY12, according to CNBC-TV18 estimates. Net profit for the previous quarter of current financial year was Rs 1,720 crore.
Revenues are expected to jump 7.9% to Rs 8,080 crore as against Rs 7,485 crore, quarter-on-quarter basis.
CNBC-TV18 expects earnings per share of Infosys to rise by 9.1% to Rs 32.9 in the quarter ended September 2011.
Earning before interest and tax (EBIT) for the July-September quarter of 2012 is likely to be at Rs 2187 crore, a growth of 12% compared to Rs 1952 crore in previous quarter.
SO important factor is Infy hav given a clear indication on FY12 with an EPS of 145 which is a significant one.
SO I RECOMMEND TO ACCUMULATE INFOSYS AT CMP FOR A 3 MONTH TARGET OF 3100 LEVELS
Monday, October 10, 2011
Sunday, October 2, 2011
1)EVERONN=UAE based varkey group have given an open offer for 12% stakes in everonn education at RS.528 per share.So i recommend to buy everonn at 365 levels.
2)ARSS INFRA=The stock hit a 52 week low of 277 and 52 week high of 1330.Now this infrastructure stock is bottomed out so i recommend buy on the stock at 330 level
3)TVS motors=The monthly sales for tvs motors seems to be robust.Monthly sales of TVS Motor Company crossed the milestone figure of two lakh units with total sales touching 219,369 units in September 2011 compared to 188,005 units in the corresponding month of the previous year, a growth of 17%.The company's cumulative sales for the period April to September 2011 grew by 15% with sales of 1,140,359 units against 988,794 units recorded in the previous comparable period.
4)RELCAPITAL=Relcapital got rbi nod for stake sale to japan based nippon.Moreover the agm held last week indicats there will be a QIP and bonus issue.SO buy relcapital at 315 rate
5)ENIL=Indias largest FM station operator ENIL is a value buy at this rate.Buy stock at 260 rate for this week