BHEL posts 14 % jump in net profit at Rs.3,660 crore

Bharat Heavy Electrical limited (BHEL) on Friday reported a 14 per cent jump in net profit at Rs.3,660.20 crore in the nine months ended December 31, 2011.

The power equipment major had a net profit of Rs.3,213.20 crore in the year-ago period. Sales rose to Rs.29,269.10 crore from Rs.24,756.50 crore in the same period a year ago, the company said in a statement here.

In the December quarter, the net profit rose to Rs.1,432.60 crore from Rs.1,412 crore. Sales stood at Rs.11,078.30 crore as against Rs.10,757.60 crore in the year-ago period.

Interestingly, BHEL has maintained its track record of earning profits uninterruptedly for nearly four decades without a break. Significantly, its turnover has increased by three times and the net profit by four times in the last five years, the statement said. The company's order book position stood at Rs.1,46,500 crore, at the end of the first quarter and it expects to achieve robust growth in 2011-12 and beyond.

BHEL has been pushing ahead with modernisation by way of contemporary technology, state-of-the-art manufacturing facilities and skilled technical manpower to meet the country's power forecast in the future. The company has established the capability to deliver 15,000 MW per annum of equipment and further augmentation to 20,000 MW per annum is under way.

LIST OF SHARES FOR MODEL PORTFOLIO LONG TERM SERIES JAN-FEB

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.

LIST OF HOLDINGS IN MODEL PORTFOLIO SHORT TERM IN JAN-FEB SERIES

These stocks are recommended for one month period until Feb expiry
ESCORTS (85)=One can enter Escorts Ltd at Rs.85 as there will be some upward movement in stock price as budget is nearing.Also Escorts Ltd, a maker of critical railway components, said it has inked a licencing and technology pact with a US-based firm 'Honeywell' for technical assistance on railway brake systems.The company has entered into an exclusive licence and technology assistance agreement with Honeywell, a US-based firm, for receiving technology on friction materials for railway application, Escorts said in a statement.

FCH (132)=Private sector NBFC, Future Capital Holdings on Wednesday reported net profit of Rs 28.91 crore in the third quarter of current financial year on the back of higher net interest income and rise in fee income.Net profit of the company stood at Rs 10 crore in the same period last year

RELIANCE(790)=Reliance is planning to buy back shares worth Rs.10440 upto 870.So this is a big positive for co and RIL is sitting with a huge surplus cash which can be used for other takeovers also

PANTALOON(175)=Recommending buying Pantaloon for this week also as of much anticipation seen in budget regarding fdi in retail sector

CAREER POINT(270)=One can enter this education stock as I expect some movement due to favourable market condition and pre budget rally

MY PICKS DEN AND HATWAY GAVE 65% RETURNS IN SINGLE MONTH

Hello followers,
I am happy to share my joy of rising the share price of Den network and Hathway cables.I have accumulated den at 50 rate for my clients and now rate is about 83 which is exactly 665 returns in single month.Also accumulated Hathway cables at 110 range now it is trading at 140 levels which means 28% retuns.

GOOD NEWS FOR KALINDEE AND OTHER RAILWAY RELATED STOCKS

A committee on rail modernisation chaired by advisor to the Prime Minister, Sam Pitroda has given the recommendation of linking all Railway fares to inflation and go for one time hike of 25 percent.

As per the reports of a news paper, the move aims to breathe a new leash life to the ailing Indian Railways and raise around Rs 60,000 crore by next year.

Meeting ahead of the crucial Railway Budget of 2012-13, the committee has recommended that the raised fund of Rs 60,000 crore could be used to part-fund a modernisation programme of Rs 9,13000 crore spreading over next 5 years .

In its presentation to the Planning Commission, the Pitroda chaired panel has mentioned that a 25 percent hike in the passenger fares can fetch around Rs 37,500 crore.

Meanwhile, linking all kind of Railway fares including the freight charges to that of the inflation can fetch Rs 25,000 crore.
So I expect railways can give more order for these companies.So i initiate a buy on kalindee,kernex,timken and beml for short term period

IVRCL WINS 700 CRORE ORDER

IVRCL Ltd today announced on the Bombay Stock Exchange (BSE) that it had received an order worth Rs 701.49 crore in the southern parts of India.

According to the release, the orders bagged are in the water irrigation division which is worth Rs 595.45 crore awarded by the Tamil Nadu Water Supply and Drainage Board and from a Karnataka government undertaking to an IVRCL joint venture.

Another order has been received from the Bihar Urban Infrastructure Development Corporation Ltd in the same division.

IVRCL also received orders from the buildings division worth Rs 106.04 crore from National Buildings Construction Corporation Ltd and Hindustan Dorr-Oliver Ltd, Mumbai for a project in Karnataka. It also received an order in Hyderabad, Andhra Pradesh.