Indian Stock Market Blog: Equity Alert: DLF up 2%; co may be eyeing stake in Orient Express

Wednesday, April 23, 2008

Equity Alert: DLF up 2%; co may be eyeing stake in Orient Express

DLF was up nearly 2% at 687 rupees in line with the gains in the sector, dealers said. On NSE, 2.7 mln shares have been traded so far.

CNBC-TV18 today reported that DLF had been approached to acquire controlling stake in Orient Express. The hedge funds that have invested in Orient Express are in talks with interested buyers, and DLF might partner institutional investors from Dubai, the report said. Indian Hotels holds 11.5% stake in Orient Express.

However, DLF refused to comment on speculation. DLF could go up to 700 rupees, and then see profit taking, a dealer said.

April futures contract of DLF was at 2-point premium to the spot.

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News Flash from IndiaEarnings


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	Hind Rectifiers brd meet on June 24 to consider bonus issue
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	NY Times in talks to buy 5% stake in Deccan Chron Arm
	Inflation for wk ended Apr5 revised to 7.71% vs 7.14%earlier
	Inflation for week ended May 31 at 8.75% vs 8.24%
	Indian economy won't be as badly hit as the global eco:DCB
	Over a period of time mkt may drift down to 4060 :Atul Suri
	Shriram Cap likely seller in Shriram City Un Fin block deal
	Shriram City Union Fin changes 12.2% Eq via block deal
	No big rally in mkt till oil pices cool off: Lehman Bros
	BoJ keeps key interest rate unchanged at 0.5%
	J&K Bank raises Prime Lending Rates by 100 bps to 14%
	L&T aays plan to list IT sdubsidiary in FY09
	IFCI okays initiation of legal process to align LIC stk
	Rupee opens at 42.82/USD vs 42.84/USD on Thursday
	Karnataka Bank board approves 1:5 rights issue at Rs 100/sh
	45.37 lakh Suzlon shr change hands on BSE at Rs 250.95/sh
	Oil India plans to launch IPO by Sep: NW18
	ABG Shipyard bags order worth Rs 127 Cr
	Nutrient base pricing is good for industry:RCF
	FM says avg prc of complex fert to decline by Rs 1416/t
	Deccan Chronicle likely to place Sieger Eq at EV of USD750 m
	BNP Paribas see 25 bps CRR hike before RBI July policy

Disclaimer

RESULTS: Actuals vs Estimates - from IndiaEarnings



Punj Lloyd
Net Sales	2,346.70	2,280.00	2.93
Net Profit	117.00	105.00	11.43


Larsen
Net Sales	8,467.00	7,866.00	7.64
Net Profit	967.00	846.00	14.30


ITC
Net Sales	3,934.00	3,909.30	0.63
Net Profit	735.00	749.20	- 1.90


Bank of Baroda
Net Interest Income	1,028.50	1,080.90	- 4.85
Net Profit	276.00	346.42	- 20.33


Suzlon Energy
Net Sales	4,923.70	4,785.40	2.89
Net Profit	464.80	487.20	- 4.60


SAIL
Net Sales	13,550.00	13,497.50	0.39
Net Profit	2,376.80	2,606.10	- 8.80


Chennai Petro
Net Sales	8,399.50	7,785.00	7.89
Net Profit	343.90	201.70	70.50


PNB
Net Interest Income	1,517.00	1,455.80	4.20
Net Profit	544.00	351.20	54.90


Kotak Mahindra
Net Interest Income	636.20	445.30	42.87
Net Profit	240.00	221.30	8.45


Ashok Leyland
Net Sales	2,562.00	2,530.00	1.26
Net Profit	180.50	165.00	9.39


Shree Cements
Net Sales	650.00	624.00	4.17
Net Profit	41.00	118.00	- 65.25


Union Bank
Net Interest Income	854.39	827.68	3.23
Net Profit	521.10	280.52	85.76


DLF
Net Sales	4,372.00	3,704.60	18.02
Net Profit	2,177.00	2,039.17	6.76


Patni Computer
Total Revenue	693.35	698.00	- 0.67
Net Profit	80.12	82.70	- 3.12


Grasim
Net Sales	2,742.35	2,675.00	2.52
Net Profit	487.00	498.00	- 2.21


ICICI Bank
Net Interest Income	2,079.50	2,203.65	- 5.63
Net Profit	1,150.00	975.20	17.92


Wockhardt
Net Sales	785.70	741.00	6.03
Net Profit	50.90	87.00	- 41.49


HUL
Net Sales	3,793.90	3,623.90	4.69
Net Profit	380.90	389.50	- 2.21


Reliance Infra
Total Revenue	1,614.00	1,708.00	- 5.50
Net Profit	311.00	223.60	39.09


Andhra Bank
Net Interest Income	414.90	383.77	8.11
Net Profit	124.25	155.50	- 20.10


Bharti Airtel
Total Revenue	7,819.00	7,549.70	3.57
Net Profit	1,853.00	1,789.70	3.54


Hero Honda
Net Sales	2,788.65	2,740.00	1.78
Net Profit	298.70	250.00	19.48


Idea Cellular
Net Sales	1,985.30	1,869.10	6.22
Net Profit	278.00	259.60	7.09


HDFC Bank
Net Interest Income	1,642.10	1,613.50	1.77
Net Profit	471.10	471.90	- 0.17


Oriental Bank
Net Interest Income	437.06	414.75	5.38
Net Profit	204.50	152.58	34.03


Indian Bank
Net Interest Income	513.21	617.67	- 16.91
Net Profit	241.67	296.37	- 18.46


UltraTechCement
Net Sales	1,602.00	1,540.00	4.03
Net Profit	283.00	278.00	1.80


Ranbaxy Labs
Net Sales	1,623.10	1,731.00	- 6.23
Net Profit	153.00	139.00	10.07


TCS
Total Revenue	6,094.70	6,220.80	- 2.03
Net Profit	1,255.90	1,345.80	- 6.68


Biocon
Net Sales	266.60	284.30	- 6.23
Net Profit	65.30	64.00	2.03


Reliance
Net Sales	37,286.00	36,319.00	2.66
Net Profit	3,912.00	4,067.70	- 3.83


Axis Bank
Net Interest Income	828.40	784.20	5.64
Net Profit	361.40	300.50	20.27


Satyam
Net Sales	2,416.00	2,353.20	2.67
Net Profit	466.90	488.10	- 4.34


Wipro
Total Revenue	5,691.90	5,628.50	1.13
Net Profit	880.00	872.00	0.92


MindTree
Total Revenue	217.80	199.50	9.17
Net Profit	34.70	26.70	29.96


Power Finance
Net Interest Income	516.00	543.70	- 5.09
Net Profit	297.64	359.25	- 17.15


Aztecsoft
Net Sales	68.70	67.80	1.33
Net Profit	3.15	4.50	- 30.00


Infosys
Total Revenue	4,542.00	4,527.40	0.32
Net Profit	1,249.00	1,253.80	- 0.38

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Wednesday, April 23, 2008

Equity Alert: DLF up 2%; co may be eyeing stake in Orient Express

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RESULTS: Actuals vs Estimates - from IndiaEarnings