Strong Q2 is the antidote for Pfizer's depression

The results were announced during the market hours today, 28 June 2007.

The scrip had touched a high of Rs 840 and a low of Rs 808 during the day and closed at Rs. 826.10. Its 52-week high was Rs 965 on 10 October 2006 and 52-week low Rs 666.10 on 28 July 2006.

Pfizer's current market price of Rs 826.10 discounts its Q1 February 2007 annualised EPS of Rs 37.90, by a PE multiple of 21.79.

The average daily volume in the stock was 9,795 shares on BSE in the past one quarter.

Pfizer’s share price declined from Rs 852.20 on 12 June 2007 to Rs 802.60 on 22 June 2007. It rose from here to reach Rs 810.50 on 27 June 2007.

The stock had fallen 4.99% in the past one month to 27 June 2007 versus the Sensex's 0.53% decline. It had underperformed the market in the past three months period as well, rising 1.70% as against the Sensex's 11.18% appreciation.

Pfizer announced on 17 March 2007 that it had disposed of its Chandigarh property to C S J Infrastructure for Rs 278 crore. The company had received an advance of Rs 27.8 crore and the same was accounted in the quarter ended on 30 November 2006. The Chandigarh plant had stopped its operations in November 2003 .

Pfizer's net profit zoomed 618.19% to Rs 257.76 crore in Q2 May 2007 as against Rs 35.89 crore in Q2 May 2006. Sales surged 140.13% to Rs 455.75 in Q2 May 2007 as compared to Rs 189.79 crore in Q2 May 2006.

Pfizer's pharmaceuticals product portfolio spans a wide range of therapeutic classes from vitamins supplements and nutritionals to antibiotics and cardiovasculars.




Ricoh India's premature delivery multiples gains

The company made the announcement during trading hours today, 28 June 2007.

The scrip had touched a high of Rs 34.75 and a low of Rs 31.30 and closed at Rs. 32.75.

The stock had an average daily volume of 24,258 shares on BSE in the past one quarter.

At the current price of Rs 32.75, the scrip trades at a PE multiple of 8.06, based on its Q3 December 2006 annualised EPS of Rs 4.06.

The Ricoh India stock had gained 11.11% in the one month to 27 June 2007 versus the Sensex's 0.53% drop. It added 26% in the past three months against the Sensex's 11.18% rise.

The stock had hit a 52-week high of Rs 37.80 on 5 September 2006 and a 52-week low of Rs 23.10 on 13 December 2006.

The company's balance sheet shows that it had outstanding preference shares worth Rs 5 crore as on 31 March 2006 comprising five lakh non-convertible preference shares of Rs 100 each. The company had not paid any dividend on preference shares since FY 1998.

Ricoh India reported net profit of Rs 4.04 crore in Q3 December 2006 against a net loss of Rs 1.43 crore in Q3 December 2005. Sales moved up 22% to Rs 44.07 crore in Q3 December 2006 (Rs 36.13 crore).

Ricoh India manufactures imaging products. Its product line consists of photo copiers, photo copying apparatus, facsimile machine, electronic white board, duplicating machine, stencil cutters, duplicator stencils, duplicating paper and rotary ink.





HDFC sprints on sluggish interest rates, real estate

Another trigger for the scrip's rise was news that HDFC received Rs 445 crore for its stake sale in BPO firm Intelenet, which has resulted in a total capital gain of Rs 381 crore on its BPO venture.

The scrip touched a high of Rs 1,975.50 today, which is its all-time high. It had hit a low of Rs 1876.05 during the day and closed at Rs. 1958.45. Its 52-week low was Rs 1040 on 19 July 2006.

The average daily volume in the stock was 1.07 lakh shares on BSE in the past one quarter.

HDFC’s share price had risen 8.21% from Rs 1,759.75 on 18 June 2007 to a lifetime closing high of Rs 1,904.25 on 25 June 2007. It dipped over the next two trading sessions to Rs 1,864.80 on Wednesday, 27 June 2007.

The stock had gained 2.83% in the past one month to 27 June 2007 versus the Sensex's 0.53% decline. It had outperformed the market in the past three months period, rising 21.47% as against the Sensex's 11.18% appreciation.

The current market price of Rs 1,945 discounts its FY 2007 EPS of Rs 68.90 (based on consolidated financial performance), by a PE multiple of 28.22.

At the company's annual general meeting held in Mumbai on Wednesday, 27 June 2007, HDFC chairman Deepak Parekh noted that interest rates had peaked and are likely to remain stable in the next six months. He did not expect further interest-rate hike by the Reserve Bank of India (RBI).

Real-estate prices could fall up to 10-20% in the next three to four months, Parekh said. Real estate prices are sliding in areas such as Delhi, Gurgaon and Bangalore. Developers are giving freebies, indicative of prices cooling down. Parekh added that a crash is unlikely. The regulatory curbs on lending to real estate have been putting pressure on some property developers.

On 18 June 2007, Housing Development Finance Corporation and Barclays Bank PLC had agreed to sell their entire shareholding in BPO firm Intelenet Global Services to SKR BPO Services. Intelenet is a 50/50 joint venture between Barclays and the company which was established in 2004.

HDFC's net profit rose 29% to Rs 550.05 crore in Q4 March 2007 compared to Rs 426.52 crore in Q4 March 2006. Operating income rose 39.85% to Rs 1732.95 crore in Q4 March 2007 (Rs 1239.90 crore).

Net profit was up 24.9% to Rs 1,570.38 crore in the year ended March 2007(FY 2007) , from Rs 1257.30 crore in FY 2006. Operating income jumped 37.8% to Rs 5896.26 crore in FY 2007 (Rs 4278.39 crore)

HDFC provides housing loans to individuals, corporates and developers.





Tantia Constructions blooms as orders rain in June

The company made the announcement during trading hours today, 28 June 2007.

The scrip had touched a high of Rs 122.95 and a low of Rs 115.60 during the day and closed at 117.05.

The stock had an average daily volume of 69,204 shares on BSE in the past one quarter.

At the current price of Rs 118.25, the scrip trades at a PE multiple of 14.01, based on its year ended March 2007 EPS of Rs 8.44.

The Tantia Construction scrip had declined 1.58% in the one month to 27 June 2007 versus the Sensex's 0.53% drop. It had fallen 0.35% in the past three months against the Sensex's 11.18% return.

The stock had a hit 52-week high of 174.50 on 23 November 2006 and a 52-week low of Rs 92.15 on 7 March 2007.

The company said it received a project from the Airport Authority of India for construction of new terminal building and allied works valued Rs 12.46 crore to be completed in 12 months.

Tantial Construction also received three construction projects from the Kolkata Environment Improvement Project (KEIP) for executing the comprehensive sewerage package and drainage system valued Rs 171 crore.

Tantia Constructions’ net profit rose 20% to Rs 5.11 crore in Q4 March 2007 as against Rs 4.26 crore in Q4 March 2006. Sales moved up 52.8% to Rs 100.48 crore in Q4 March 2007 (Rs 65.78 crore).

Net profit scaled up 55.7% to Rs 13.14 crore in the year ended March 2007 as against Rs 8.44 crore in FY 2006. Sales jumped 51.6% to Rs 246.03 crore in FY 2007 (Rs 162.29 crore).

Tantia Construction has expertise in servicing the Indian Railways. Its other domain includes construction of roads and highways, bridges and flyovers and sewerage and drainage networks among others.





Reliance Petroleum conquers new peak

The scrip had touched a high of Rs 112.70 today, which is a record high for the scrip. It hit a low of Rs 109.30 during the day and closed at Rs. 111.25. Its 52-week low was Rs 51 on 25 July 2006.

The average daily volume in the stock was 33.94 lakh shares on BSE in the past one quarter.

Reliance Petroleum’s share price had declined from Rs 101.70 on 5 June 2007 to Rs 94.95 on 15 June 2007. It had risen 14.74% since then to a lifetime closing high of Rs 108.95 on 27 June 2007

The stock had moved up 6.55% in the past one month to 27 June 2007 versus the Sensex's 0.53% decline. It had outperformed the market in the past three months period, rising 47.03% as against the Sensex's 11.18% appreciation.

In May 2007, Reliance Petroleum said that it had made remarkable progress on all implementation fronts for its global sized, complex refinery coming up in a Special Economic Zone (SEZ) at Jamnagar in Gujarat with the overall project completion nearing 50% in just 15 months since commencement of the project.

As per reports, American petroleum major Chevron may increase its stake in Reliance Petroleum. Chevron already holds 5% in the company that came out with an initial public offer in April 2006.

RPL was incorporated as a 100% subsidiary of Reliance Industries (RIL) in October 2005 to set up a grassroot petroleum refinery and polypropylene (PP) plant in the SEZ at Jamnagar.





After skimming dividend, Bajaj Auto loses fat

The company had declared a dividend of RS 40 a share of face value Rs 10 in May 2007.

The scrip had touched a high of Rs 2,133 and a low of Rs 2,088 during the day and closed at Rs. 2094.05.

The stock had an average daily volume of 1.20 lakh shares on BSE in the past one quarter.

At the current price of Rs 2,095 the scrip trades at a PE multiple of 17.13 based on year ended March 2007 EPS of Rs 122.27.

The Bajaj Auto scrip had fallen 2.79% in the one month to 27 June 2007 versus the Sensex's 0.53% drop. It dropped 11.96% in the past three months against the Sensex's 11.18% rise.

The stock had hit a 52-week high of Rs 3175 on 13 October 2006 and a 52-week low of Rs 2,063 on 19 June 2007.

Bajaj Auto’s net profit declined 11.1% to Rs 308.31 crore in Q4 March 2007 as against Rs 346.97 crore in Q4 march 2006. Sales moved up 6.8% to Rs 2,313.55 crore in Q4 March 2007 (Rs 2165.86 crore).

Net profit scaled up 10.1% to Rs 1,237.10 crore in the year ended March 2007 as against Rs 1,123.27 crore in FY 2006. Sales jumped 24.2% to Rs 9,520.41 crore in FY 2007 (Rs 7,667.90 crore).

Bajaj Auto manufactures two- and three-wheeler vehicles. Its other activities include insurance and investment business.

On 17 May 2007, the board of Bajaj Auto approved a demerger scheme, splitting group into three separate entities with the creation of two new companies. As per the demerger scheme, the company's various businesses including auto manufacturing and other strategic businesses such as wind energy, insurance and financial services, would be demerged into two newly incorporated subsidiaries: Bajaj Holdings and Investment (BHIL) and Bajaj Finserv (BFL).

The manufacturing business would vest in BHIL and other strategic businesses would vest in BFL. After the demerger, for each share of Bajaj Auto, the shareholders would continue to hold one share of the company with face value of Rs 10 and would also be allotted one BHIL share of Rs 10 face value and one BFL share of Rs 5 face value.

As part of the restructuring, BHIL would be renamed Bajaj Auto and the existing Bajaj Auto would be renamed as Bajaj Holdings and Investment.





Investors prefer Subhash Projects & Marketing's plans to raise funds

The company made the announcement during trading hours today, 28 June 2007.

The scrip had touched a high of Rs 232.55 and a low of Rs 222 during the day and closed at the day high Rs. 232.55.

The stock had an average daily volume of 23,931 shares on BSE in the past one quarter.

At the current price of Rs 230, the scrip trades at a PE multiple of 20.60, based on its Q3 December 2006 annualised EPS of Rs 11.16.

The Subhash Projects & Marketing scrip had fallen 3.44% in one month to 27 June 2007 versus the Sensex's 0.53% drop. It added 22.38% in the past three months against the Sensex's 11.18% rise.

The stock had hit a 52-week high of Rs 273 on 3 January 2007 and a 52-week low of Rs 100.40 on 24 July 2006.

Subhash Projects & Marketing’s net profit rose 65.2% to Rs 8.69 crore in Q3 December 2006 as against Rs 5.26 crore in Q3 December 2005. Sales moved up 167.4% to Rs 233.91 crore in Q3 March 2007 (Rs 87.47 crore).

ubhash Projects & Marketing is an engineering, construction and project management company. Its services include water management, power generation, power transmission and distribution, environmental engineering, infrastucture development and engineering consultancy & services.





Numeric Power Systems uninterrupted despite weak Q4 numbers

The results were announced after the market hours on Wednesday, 27 June 2007.

Today's high of Rs 462.10 is a 52-week high for the scrip. Its low was Rs 445 during the day and closed at Rs. 460. The stock touched a 52-week low of Rs 290.05 on 13 December 2006.

The average daily volume in the stock was 5,590 shares on BSE in the past one quarter.

Numeric Power Systems’ share price had risen from Rs 412.90 on 1 June 2007 to Rs 440.30 on 20 June 2007. It had remained range bound till 26 June 2007. The scrip had settled at Rs 440.10 on 27 June 2007.

The current market price of Rs 462.10 discounts its FY 2007 EPS of Rs 37.62 by a PE multiple of 12.28.

The stock had moved up 5.72% in the past one month to 27 June 2007 versus the Sensex's 0.53% decline. It had outperformed the market in the past three months as well, rising 43.03% as against the Sensex's 11.18% appreciation.

Numeric Power Systems' net profit declined 43.50% to Rs 2.91 crore in the Q4 March 2007 as against Rs 5.15 crore in Q4 March 2006. Sales jumped 38.46% to Rs 90.08 crore in Q4 March 2007 as against Rs 65.06 crore in Q4 March 2006.

Net profit inched up 9.17% to Rs 18.81 crore in the year ended March 2007 (FY 2007) as against Rs 17.23 crore in FY 2006. Sales rose 31.65% to Rs 295.70 crore in FY 2007 as against Rs 224.61 crore in FY 2006.

The board also recommended an equity dividend of Rs.4.50 per share (45%) for FY 2007.

Numeric Power Systems is India’s number one uninterrupted power supply (UPS) company, providing clean power through its total power management solutions.





Ontrack Systems on fast track on preferential allotment

The scrip had touched a high of Rs 26.70 and a low of Rs 25.60 during the day and closed at 26.70.

The stock had an average daily volume of 15,622 shares on BSE in the past one quarter.

At the current price of Rs 26.60, the scrip trades at a PE multiple of 10.85, based on its Q3 December 2006 annualised EPS of Rs 2.45.

The Ontrack Systems scrip had gained 18.37% in the one month to 27 June 2007 versus the Sensex's 0.53% drop. It added 19.76% in the past three months against the Sensex's 11.18% return.

The stock had hit a 52-week high of Rs 49.45 on 14 November 2006 and a 52-week low of Rs 18.60 on 28 March 2007.

The US-based Intellisys Group installs, sells, services and supports multimedia presentation and communication technology systems. It also sells custom integrated audio, video and data networking, conferencing and presentation systems.

Ontrack Systems’ net profit declined 60.34% to Rs 0.46 crore in Q3 December 2007 as against Rs 1.16 crore in Q2 September 2006. Sales declined 8.55% to Rs 7.42 crore in Q3 December 2007 compared with Rs 9.11 crore in Q2 September 2006.

Ontrack Systems is an IT and IT-enabled services company. The company offers a wide array of software and networking expertise across industries.