Market Commentary     28-Apr-06
Stock Alert
Dalmia Cement may build on robust Q4 results

Dalmia Cements reported 342% growth in Q4 March 2006 net profit to Rs 53.53 crore (Rs 12.11 crore). Net sales rose 33.2% to Rs 183.47 crore (Rs 137.70 crore).

Jet Airways will levy a fuel surcharge of Rs 300 ($6.70) per seat on all its domestic flights from May 1, the company said on Thursday. The fuel surcharge will be applicable on all tickets for all domestic routes in India, the company said in a statement. Ahead of the news, shares in Jet ended down 1.2% at Rs 935.70 in a weak market.

Media Video reported 103% growth in Q3 March 2006 net profit to Rs 2.48 crore (Rs 1.22 crore). Net sales rose 77.5% to Rs 47.45 crore (Rs 26.72 crore).

Sanghi Industries reported a 454% surge in net profit for Q4 March 2006 to Rs 39.11 crore (Rs 7.05 crore). Net sales rose 70.6% to Rs 194.96 crore (Rs 114.22 crore). Meanwhile, the company’s board has approved raising up to Rs 1500 crore ($333 million). The issue could be through issue of shares, overseas depositary receipts or convertible bonds, the company said.

Nagarjuna Fertilisers reported a 5.2% growth in Q4 March 2006 net profit to Rs 16.80 crore (Rs 15.96 crore). Net sales rose 6.8% to Rs 349.33 crore (Rs 326.84 crore).

Polaris Software reported a 9.4% fall in Q4 March 2006 net profit to Rs 2.12 crore (Rs 2.34 crore). Revenue rose 1.2% to Rs 198.85 crore (Rs 196.43 crore). The board recommended a dividend of Rs 2.50 per share.

Emkay Share and Stock Brokers lists on BSE and NSE today. The company had priced its IPO at Rs 120 per share.

Blue Dart Express reported 89.5% growth in Q1 March 2006 net profit to Rs 18.20 crore (Rs 9.60 crore). Net sales rose 25% to Rs 152 crore (Rs 121.40 crore).

Banswara Syntex has got a $2.87 million fabric export order, the company said on Thursday. Ahead of the announcement shares in the company closed 2.5% down at Rs 86.35 in a weak market

Mahindra & Mahindra Financial Services has registered 31.7% growth in FY 2006 (twelve months ended 31 March 2006) net profit to Rs 108 crore (Rs 82 crore). Income from operations rose 46.5% to Rs 582 crore (Rs 397 crore). It also approved raising the foreign portfolio investment limit to 35% from 24%.

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