Deep Inds - On a high

The stock hit an all-time high, and gained 27 per cent in the last one week after multiple orders received from Oil and Natural Gas Corporation (ONGC) and Gujarat Alkalis and Chemicals.

The stock moved from Rs 82.70 on June 22 to close at Rs 105.35 on Friday. The market price of the scrip appreciated 64 per cent in the last two weeks.

The company bagged contract for development of three onshore marginal fields (Ghotaru, Kharatar & Bankia gas fields) in Rajasthan from ONGC. Gujarat Alkalis & Chemicals awarded the company a contract of Rs 15 crore.

The company posted 189 per cent rise in net profit to Rs 5.17 crore for the financial year ended March, 2007, on the back of Rs 7.20 crore income made from other sources.




Kesoram Inds - Making news

The stock rose more than 10 per cent after the company's chairman Basant Kumar Birla announced that all major companies of the BK Birla group, including Kesoram Industries, would go to his grandson and Aditya Birla group chairman Kumar Mangalam Birla.

The stock gained 11.80 per cent in the last two days from Rs 405.50 on June 27, the date of announcement, to close at Rs 453.35 on Friday. The scrip traded at a PE multiple of 7.78, based on the FY07 earning per share (EPS) of Rs 58.30.

The company posted 481.2 per cent rise in the net profit to Rs 265.68 crore in the year ended March 2007, against Rs 45.71 crore in FY06. Sales jumped 36.6 per cent to Rs 2,204.09 crore (Rs 1,614.12 crore) in FY07.

The combined volume of the stocks increased more than five folds with 43.67 lakh equity shares changing hands in the last week, compared with 7.44 lakh shares traded in the previous week. Kesoram Industries manufactures tyres, tubes, flaps, cement, viscose filament, rayon yarn, cellophane paper, sulphuric acid, caustic soda lye and hydrochloric acid. The cement business accounted for 46 per cent (Rs 1,156 crore), while tyre business accounted for 44 per cent (Rs 1,112 crore) of the total revenue of Rs 2,517 crore in FY07.