Market remains in Red
by MT Bureau on Wed, 2006-07-19 15:50 Hourly Update
Mumbai -- The market still stays in red. Pressure on selling in heavy weights like Reliance Industries, ACC, BHEL, L&T and Satyam Computers has tumbled market into red. The benchmark Sensex is trading farther down 10k mark. The BSE Sensex has lost by 225 points at 9999 and the NSE Nifty is down by 68 points at 2927.
ACC has has came down 0.3% to Rs. 815. The company posted their Q2 result with profit at Rs. 4.05bn (up 185%) and sales at Rs. 14.62bn (up 29%). The scrip has touched a high of Rs. 839 and a low of Rs. 799 and has recorded volumes of over 21 lakh shares on NSE.
Likewise, Maruti Udyog has lost by 2.8% to Rs. 727. The company has came up with new appearance of its popular model Wagonr. The scrip has touched a high of Rs. 763 and a low of Rs. 727 and has recorded volumes of over 9 lakh shares on NSE.
Torrent Power SEC has announced its first quarter results. The company's first quarter net profit is up at Rs. 18.7 crore (Rs. 187mn) from Rs. 16.3 crore (Rs. 163mn). Its total sales are up at Rs. 278.4 crore (Rs. 2.78bn) from Rs. 262.3 crore (Rs. 2.62bn).
Dabur India has declared its Q1 results. The company's first quarter consolidated total profit is up by 38.3% at Rs. 48.2 crore (Rs. 482mn) from Rs. 34.9 crore (Rs. 349mn). Its consolidated net income is up at Rs. 480.7 crore (Rs. 4.80bn) from Rs. 416.5 crore (Rs 4.16bn). The company board has approved US$ 200mn FCCB/GDR/ADR issue.
Ridhi Sidhi Starch and Chemicals has declared its Q1 results. The company's first quarter total profit is up at Rs. 4.78 crore (Rs. 47.8mn) from Rs. 1.54 crore (Rs. 15.4mn). Its total sales are up at Rs. 71.1 crore (Rs. 711mn) from Rs. 57.8 crore (Rs. 578mn).


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