Ramco Systems net loss widens in Q4 March 2007

Ramco Systems posted net loss of Rs 18.02 crore in Q4 March 2007 as against net loss of Rs 3.82 in Q4 March 2006. Sales declined 42.61% to Rs 19.38 crore in Q4 March 2007 (Rs 33.77 crore).

The company posted a loss of Rs 32.20 crore in the year ended March 2007 (FY 2007) as against loss of Rs 34.07 in FY 2006. Sales dipped 33.1% to Rs 78.57 crore in FY 2007 ( Rs 117.47 crore).

On 12 April 2007, Ramco Systems’ board approved to divest its 100% stake in Ramco Infotech Solutions (RITS) to TVS Interconnect Systems (TVSICS), a wholly owned subsidiary of T V Sundaram Iyengar and Sons. The closure of the transaction is subject to satisfactory due diligence, execution of definitive documents and other approvals and regulatory clearances.

Anil Ambani Invested DTDC in International Drug Scandal

The Karnataka Police have unearthed an International Drug Scandal involving Rs 20 crore. Anil Dhirubhai Ambani group (Reliance ADAG) holds 44% stake in DTDC Couriers the company which carried and transported banned Drugs between Belgaum and international destinations Scotland, UK, Zambia, Finland, Seychelles, USA, Costa Rica, UAE and South Africa.

The Karnataka Police have arrested 4 persons in this connection and have recovered a Mercedes Benz, an imported Bike and Drugs worth several crore rupees. The peddlers packed the drugs in the frame which was so solid that it could not be traced by X-ray machines. All their drug consignments were being sent through DTDC courier to foreign countries having fake self addresses.

McDowell Holdings hits the roof on debut

The listing McDowell Holdings (MHL) on the bourses follows a restructuring scheme undertaken at United Spirits (USL) whereby investment business of USL was transferred to MHL as a going concern. Stock exchanges had set Rs 163 as base price for calculating 20% daily circuit filter in the shares of McDowell Holdings (MHL) on day one of its listing today, 30 May 2007.

MHL had allotted equity shares to the shareholders of USL, in the ratio of 1 equity share for every five shares held in USL. The issued, subscribed and paid-up capital of the MHL stands at Rs 12.14 crore consisting of 1.21 crore shares of face value of Rs 10 each.

USL had fixed 26 October 2006, as the record date for giving effect to this restructuring scheme and accordingly dealing in the equity shares of USL was done on ex entitlement basis with effect from 17 October 2006

L&T hits all time high on strong Q4 outcome

The shares of Larsen & Toubro hit an all time high at Rs 1874. Just a while ago the company announced its Q4 results which beat market expecations.

The net profit of Larsen & Toubro rose 50.11% to Rs 700.77 crore in the Q4 March 2007 as against Rs 466.85 crore Q4 March 2006. Sales rose 35.01% to Rs 6248.24 crore in the Q4 March 2007 as against Rs 4627.87 crore in previous Q4 March 2006.

Larsen & Toubro (L&T) is one of the largest engineering conglomerates. It manufactures a wide range of engineering products like earthmoving, industrial and chemical machinery, switchgears, valves and welding alloys .

Bajaj Electricals gains ahead of bonus issue

Bajaj Electricals has seen a steady rally in the past few weeks ahead of this announcement. The stock had spurted 20% to Rs 503.60 in a single trading session on 16 May 2007 when the company first announced during trading hours that its board will meet on 29 May 2007 to consider bonus issue. The stock is currently trading at Rs 592, up 10%.

The company had last issued bonus in ratio of 1:2 (1 bonus share for every 2 held) in 1997.

The latest equity share capital of Bajaj Electricals is Rs 8.64 crore. The latest book value per share is Rs 90.59.

Bajaj Electricals manufactures a diverse range of products in three divisions: lighting, consumer durables and galvanised structures. It also undertakes turnkey projects of manufacturing and installing mobile, street lighting and transmission towers.

The company is a part of the Shekhar Bajaj Group with promoter holding a 66% stake in the company. It has five major strategic business units comprising home appliances, fans, lighting, luminaires and engineering & projects. It also manufactures, erect and commissions transmission line towers, telecom towers, mobile telecom towers and wind energy towers.

India Infoline Rises on CLSA Pouching and results

InfiaInfoline has posted good results.India Infoline’s net profit soared 56.68% to Rs 16.06 crore in the quarter ended March 2007, from Rs 10.25 crore in the quarter ended March 2006. Sales soared 1296.42% to Rs 238.09 crore in the year ending March 2007 (Rs 17.05 crore).

Net profit advanced 96.90% to Rs 52.12 crore in the year ended March 2007, from Rs 26.47 crore in FY 2006. Sales galloped 503.53% to Rs 269.78 crore (Rs 44.70 crore).

The India Infoline Stock is up 40% today on BSE.

Just over the weekend, India Infoline has puched 4 key personnel from CLSA Securities at a whopping Rs 16 crore sign-on bonus, thing never heard off in the Indian stock broking industry. Lets see how logn this mania continues 🙂

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