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Sterlite - Lucent in the making?

Sep 20, 2000

Sterlite has shown resilience on the bourses since the meltdown in February this year. The stock has recovered and is hovering near its 52 week high of Rs 1,204. In fact, it has held its ground in the current market slide.

Disastrous results from Raymond

Feb 5, 2000

Raymond has reported disastrous results for the quarter ended December 1999. While the topline has stagnated the net profit has crashed from Rs 206 m to 25.3 m. With expenditure too up by 15% the operating margins are also under severe pressure.

Net losses at Kesoram Industries decline

Jan 27, 2000

Kesoram Industries Limited has posted a decline in net losses for the quarter ended 31st December 1999. The company has benefited mainly from a decline in interest expenditure and near stagnant depreciation provision.

Raymond posts 6% growth in net

Nov 1, 1999

Raymond Limited has posted a net profits of Rs 498 m for the quarter ended 30th September 1999. The company has benefited from the increase in income from other sources and the decline in interest expenditure.

Kesoram: cement guides growth in 2QFY2000

Nov 1, 1999

Kesoram Industries, the diversified company with presence in cement sector, has reported a significant upside in its net profit to Rs 23 m in 2QFY2000. Turnover was up slightly by 2% to Rs 1.7 bn.

SRF net profit jumps 141% in 2QFY2000

Nov 1, 1999

SRF has registered a 141% jump in its net profit to Rs 109 m in 2QFY2000. The company's turnover however, was up by a marginal 6% to Rs 1.6 bn.

Ind Rayon logs in a flat performance

Oct 26, 1999

Indian Rayon has recorded a flat performance during the second quarter. The company has however managed to marginally improve margins mainly due to a 33% decline in interest expenditure.

Grasim rides the cement boom

Oct 23, 1999

Grasim, one of the largest cement producers in the country, is benefiting from the surge in demand for and the prices of cement. This has enabled the company to post a sharp jump in margins. Its other business of VSF too is facing an improved pricing environment.

Indian Rayon announces share buyback

Aug 17, 1999

The management of Indian Rayon has approved a share buyback program under which it will buyback 25% of the existing equity capital. The proposed buyback will be done at a price ranging from Rs 70 to Rs 90. This is likely to ignite investor interest in the stock, which currently trades at Rs 74.55.


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