Tata Motors SUV – Tata To launch New SUV in Indian Market

Not sure if this is rumor or real but there is new floating around everywhere that Tata Motors will be launching a new SUV in 2010 , the SUV will be made on the platform of Tata Xover and it will be directly competing with Toyota Innova & Mahindra Xylo.It is being developed by team of 140 engineers at Tata Motors UK Centre.

RNRL wins over RIL – RNRL up by 18 percent and Ril down by 5 percent

Monday market started today with a big bang in which RIL was down by 5 percent as the Mumbai High Court gave verdict favourable to RNRL over the KG basin D6 gas, they have asked RIL to supply gas to the latter to the tune of 28 mmscmd for 17 years at a price of USD 2.34 per mmbtu instead of USD 4.2 per mmbtu.The next action might be from RIL in gettign this case to Supreme Court.

IVRCL Bags order worth Rs 432.36 Crores

IVRCL has infromed the market that the building power and road division of the company has bagged various projects worth almost 432.36 crore.Order info

Advance Tax Payment for June Ending QTR 2009

Advance Tax payment
TCS advance Tax at rs 53 cr vs rs 80 cr.Tata steeladvance tax at 230 cr vs 356 crTata power advance tax at rs 21 cr vs 14 cr.SCI Advance tax at 6.5 cr vs 2.5 crBlue dart Advance Tax at rs 1.75 cr.
Bank Advance Tax Payment
Dena Bank Advance Tax at 25 cr vs rs 20 crIndusind Bank Advance tax at rs 20 cr vs 8.5 crHDFC Bank reporting Rs 250 crore versus Rs 215 croreSBI Paid Rs 1070 crore advance tax vs rs 600 cr but previous QTR theyhave Paid advance tax of Rs 1,810 crore

Lakshmi Overseas spiked on export order worth 300 crore

Lakshmi Overseas Industries has informed the market today that they have received an export order for the said 1121 basmati rice which is worth Rs 300 crore , The PUSA–1121 rise has been now classified as “Basmati” by the Govt. of India. They are now eligible for export and we also hear that there is more orders that is in the pipeline , think other basmati company should be watching out for this rice brand and company .The stock closed at 91.25 after going up by 6.73 percent.

Flawless Diamond bags order worth 11 crore

Flawless Diamond bagged two orders worth 11 crores today its for the same old buyers with whom they had trades before.After they infromed the market it was hitting the upper circuit , but the stock closed just 1.8 percent up at closing.

TRF Bonus Issue – Stock touches upper circuit

TRF Ltd has informed the market that they have decided on the meeting that was held on June 16, 2009, has approved the issue of Bonus Shares in the ratio of 1:1 (i.e. one share for every one share held by the existing shareholders of the Company), After the announcement the stock hit upper circuit and locked at 5 percent upper limit , the stock closed at 904 .Financials

TRF’s net profit surged 55% to Rs 23.90 crore on 41.1% rise in net sales to Rs 239.53 crore in Q4March 2009 over Q4 March 2008.The current EPS is at 75 or so which puts the PE for the stock at current stock price of 904 at 12.