Renuka sugar, Sanwaria Agro net up

Shree Renuka sugars consolidated net profit jumped 24 fold to Rs. 260 crore for quarter ended december. Stand alone profit is 194.7 crore
But prices of stocks fell becos GoI announcing a slew of measures to control rising prices of sugar.
Main Players: Sree Renuka Sugar, Simbhaoli sugar, Oudh Sugar Mills.
GoI has allowed duty free sugar imports.
Soyabeen processor [Sanwaria Agro] net up 3 fold to Rs.9.3 crore agnst 3.4 crore last quarter.

Escorts Oct-Dec net profit at Rs.23 Cr

Tractor & farm equipment amnufacturer Escorts [which follows Oct-Sept fin year] Q1 profit at 23.4 crore as compared to net loss of Rs.0.34 crore last quarter.
Escorts would foray into manufacturing of railway wagons, besides expanding the basket of products under its tractor division: Escorts Joint MD Nikhil Nanda

Banks Q3FY10 net up

Healthy loan growth & lower interest expenses helped HDFC Q3FY10 profit zoom 31.6% to 818.5 crore.
Axis bank Q3FY10 rises 31% to Rs. 656Cr.
IDBI Q3FY10 rises 29% to Rs. 287 crore. (Rise in net interest income & improved fee income)
IndusInd Bank (Hinduja Grp promoted) profit doubles to Rs. 88 Cr.
UCO bank net up 43% at Rs.246Cr.

TCS Q3FY10 net profit rises 34%

TCS: India's biggest software exporter
TCS CEO: N Chandrasekaran
Indian IT & back office service industry: $60 bilion
net profit of TCS rose 34% to Rs.1824 crore during Q3FY10, while revenue rose 5.1%.
Like Infosys (revised revenue growth rate to 3.8% from 1.7%) , TCS revised its business outlook to positive. TCS added 32 new customers during the quarter.
TCS, whose main customers are financial services like Citigroup, JP Morgan & UK's Cardiff group, said that revenue growth from financial services is 7.3%.

Indian insurers game for adventure sports

Indian insurers game for adventure sports, which are typically offered by Wanderlust Travels, Ozone, Gravity Adventures [All bungee jumping].
Some of the insurance players who offer these:
ICICI prudential life insurance: underwriting & claims head Poonam Bardwaj
Future Generali India provides cover for loss of life to those who do not do it just as hobby. - Balaram Sarma, chief of operations

RIL touches 2201.5 mark

I had bought RIL at 2200. Now it has come back to that level. I will sell it as soon as it touches 2250 mark & overcome my liquidity problem.

Geodesic sold at 143! 40%/yr RATE OF PROFIT ! :)

I had bought Geodesic at Rs.126.8 on 26May, 2009. & I have sold it today, i.e. 9 Sept.,09 at 143.35. i.e. Held for 106 days. Total approx. brokerage given 0.5(126.8+143.35)=1.350.
Total profit=15.2
Investment=126.8
time=0.3 yr
rate of return=39.9% i.e. approx. 40%
I just hope RIL to touch 2250 mark so that I can get my stuck money out.
These days market is booming. Esp. Infosys is on roll. With no drastic change in fundamentals, it is right time to cash on. Market will definitely correct tomorrow, because advance/decline ration is suggesting that market is on large moving towards correction. NIFTY anyway is in red, while Sensex is still green, but overall indication is towards correction.