This are shares I add in my this month series for long term portfolio for this month
INDUSIND BANK(295)=14000 crore Hinduja group promoted lead bank is leading pvt sector bank in India.Now there is some good news for banking sector by cutting CRR from 6 to 5.5 by Rbi last week.Also Private sector lender has reported a net profit of Rs 206 crore in the third quarter of FY12, a growth of 33.8% as compared to Rs 154 crore in the same period last year.Net interest income increased 16% to Rs 421 crore from Rs 363 crore during the same period.Gross non-performing assets (NPAs) declined at 1.02% in the quarter ended December 2011 as against 1.09% in previous quarter. Net NPAs during the same period too slipped at 0.29% versus 0.31%.
IRB INFRA(168)=As the awarding of projects in the road sector gathers steam and sanity returns among players, share prices of companies like IRB Infrastructure Developers have rebounded in the recent past. IRB’s shares.More over privatization in water.The Union government has begun consultations on a new National Water Policy that calls for privatisation of water-delivery services and suggests that water be priced so as to “fully recover” the costs of operation and administration of water-resources projects, documents available with The Hindu show.
SESAGOA(200)=Positive news flow on grounds of cabinet clerance over cairn Vedanta deal.Sesa holds 20% stakes in cairn India.Also results came last week shows 35% drop in profit yoy but good volume pick up in sales seen
M&M(686)=The Indian auto major, Mahindra and Mahindra, all set to re-open the bookings of its new product Mahindra XUV 500 from Wednesday.
The SUV, priced Rs 10.8 to 11.95 lakh (ex-showroom, Delhi), was launched on September 29 and booking began on October 1. The demand has been so high that the company had to suspend booking till January from October 10. It has an order backlog of over 8,000 units.
FORTIS(99)=Indian health care major having global presence in Singapore ,Brenuei, Malaysia and Hongkong is now ready to take over Fortis International.
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