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Markets:
Lower volumes mark the day
Mumbai:
The
BSE Sensex closed 5.59 points lower at 5070.29. The S&P
CNX declined by 6.6 points, settling at 1594.15.
Market Gainers
Reliance
Industries, Ranbaxy Laboratories, Satyam Computer, Infosys,
Wipro, MphasiS BFL, HCL Technologies, SSI, Balaji Telefilms,
Essar Steel, Excel CropScience, Sri Adhikari Brothers,
Sesa Goa, National Aluminium, Essar Steel
Market Losers
ONGC,
State Bank of India, ITC, BHEL, SBI, Bank of Baroda, Corporation
Bank, Vijaya Bank, Arvind Mills, Mahavir Spinning, Vardhman
Spinning, ACC, Gujarat Ambuja, Birla Corp, Dr. Reddy's
Laboratories, Orchid Chemicals
Market Counters
BSE 30
Figures
in Rupees
Gain (+) / Loss (-)
|
ACC
|
233.20
|
0.00
|
|
Bajaj
Auto
|
809.00
|
0.00
|
|
Bharti
Televentures
|
149.95
|
0.00
|
|
BHEL
|
514.80
|
0.00
|
|
Cipla
|
241.75
|
0.00
|
|
Dr.
Reddys Laboratories
|
745.05
|
0.00
|
|
Grasim
Industries
|
963.95
|
0.00
|
|
Gujarat
Ambuja
|
266.90
|
0.00
|
|
HDFC
|
575.50
|
0.00
|
|
HDFC
Bank
|
371.80
|
0.00
|
|
Hero
Honda Motors
|
433.70
|
0.00
|
|
Hindalco
Industries Limited
|
1,058.55
|
0.00
|
|
Hindustan
Petroleum Corp
|
312.35
|
0.00
|
|
HLL
|
121.85
|
0.00
|
|
ICICI
Bank
|
258.15
|
0.00
|
|
Infosys
Technologies
|
1,507.95
|
0.00
|
|
ITC
|
1,034.55
|
0.00
|
|
Larsen
& Toubro Limited
|
792.80
|
+26.25
|
|
Maruti
Udyog
|
419.70
|
0.00
|
|
MTNL
|
127.70
|
0.00
|
|
ONGC
|
683.85
|
0.00
|
|
Ranbaxy
Labs
|
971.55
|
0.00
|
|
Reliance
Energy
|
578.90
|
0.00
|
|
Reliance
Industries
|
470.50
|
0.00
|
|
Satyam
Computer Services
|
329.55
|
0.00
|
|
State
Bank Of India
|
433.05
|
0.00
|
|
Tata
Motors
|
413.90
|
0.00
|
|
Tata
Power
|
253.85
|
0.00
|
|
TISCO
|
378.10
|
0.00
|
|
Wipro
|
526.85
|
0.00
|
|
Zee
Telefilms
|
143.05
|
0.00
|
Others
HCL Technologies up Rs.8.8 at Rs 313.75
Balaji Telefilms up 8 per cent at Rs 76.2
Arvind Mills down Rs.1.5 at Rs.72.35
Sesa Goa up by Rs.42.4 at Rs.497.5
National Aluminium up Rs.4.75 at Rs.145.65
Orchid Chemicals down Rs.6.65 at Rs.187.1
Essar Steel up 9.19 per cent at Rs.29.70
Steel
Authority of India Ltd (SAIL) up 2.12 per cent at Rs.38.60
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Tata Motors PAT up at Rs.223.36 crore
Mumbai: Tata Motors Ltd has reported a 122.66 per
cent rise in profit after tax for the quarter ended June
30, 2004, to Rs.223.36 crore against Rs.100.31 crore posted
in the previous corresponding period. The board has approved
a proposal to list the company's outstanding Global Depository
Receipts (GDRs) on the New York Stock Exchange (NYSE)
in the form of American Depository Receipts (ADRs). There
will be a marginal cost for converting the GDRs to ADRs.
NYSE is perceived to be the right international bourse
for listing an automobile and engineering company and
Tata Motors is scheduled to be the first Indian player
from the category to do so. The company's first quarter
net sales/income from operations was up 42.82 per cent
to Rs 3,574.08 crore (Rs 2,502.44 crore for the year ago
period). Driven by returns from surplus cash, other income
was Rs 41.24 crore (Rs 10.49 crore). Negative working
capital continues, inventories are down to 34 days (42
days) and receivables are at nine days (24 days). The
combined turnover of Tata Motors' six key subsidiaries
was Rs 652 crore (Rs 224 crore) with a profit-before-tax
of Rs 48 crore (Rs 5 crore). The plant capacity at Pune
is being raised and should be up 50 per cent by year-end.
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