Friday, January 22, 2010

Possible Good picks

Everready Industries

Kingfisher loss widens, Spicejet posts Rs.109 Cr profit

Strong growth in passanger traffic in domestic industry-> net profit Rs.108.9 crore SpiceJet CEO Sanjay Agarwal optimistic
Kingfisher-2nd largest private carrier- loss as expenses on exceptional items offset gains from higher load factor.

ongc q3 profit 23% up, IGL profit up 54%

better performance because of less outgo under feul subsidy, higher price realisation becos of appreciation of rupee. 7 new discoveries in Q3, but no disclosure of reserves. Crude o/p declined by 3% while gas o/p flat.
ONGC sells crude oil to refiners IOC, HPCL, BPCL at discount so that they can sell petrol,diesel, cooking gas at GoI determined rates.

Indraprastha Gas (IGL) engaged in natural gas business reported net profit of 58.9 crore.

Bhel profit rises 35%, sales growth off mark

BHEL, India's biggest power equipment maker recorded slowest sales growth in FY010.
No revision in sales target for year.
rival of LnT

LnT profit falls, cuts revenue forecast

L&T-country's largest engg company
first sales fall in 7 yrs; cuts revenue growth target, profit falls 50%;

Analysts said L&T might recover next quarter becos of huge exposure in engineering & construction business, where India is expected to pick up. 

Saturday, January 16, 2010

oil rises to $80

Oil rised on expectation of economic recovery in the US. Though, industrial o/p in the US is less, it is expected to recover soon. US is the top energy consumer.