NIFTY TIPS

Saturday, January 23, 2010

L&T to sell second tranche of Satyam stake by Fri: Sources

Larsen & Toubro plans to sell second tranche of Satyam stake this week, sources told CNBC-TV18's Nimesh Shah. The company holds 4.58% stake in Mahindra Satyam. The stake is valued at around Rs 614 crore.

In November, it had sold 2.32% stake, or 2.72 crore shares, in Mahindra Satyam at Rs 112.50 per share.

At 2:49 pm, the share was quoting at Rs 1,652, down Rs 2.85, or 0.17% with volumes of 128,967 shares.

Source: Moneycontrol.com
Courtesy moneycontrol.com

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Tech Mahindra Q3 cons net profit up at Rs 172.8 cr

Tech Mahindra has announced its third quarter results. The company's Q3 consolidated net profit was up at Rs 172.8 crore versus Rs 168.95 crore, quarter-on-quarter, QoQ.

Its consolidated net sales were up at Rs 1187.3 crore versus Rs 1,141.80 crore, QoQ.

The company's trailing 12-month (TTM) EPS was at Rs 63.95 per share. (Sep, 2009)

The stock's price-to-earnings (P/E) ratio stands at 17.75.

The book value of the company is Rs 153.92 per share. Price-to-book value of the company was 7.38.

Source: Moneycontrol.com
Courtesy moneycontrol.com

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Thursday, January 21, 2010

M&M Fin Services Q3 net profit up at Rs 97 cr

M&M Financial Services has announced its third quarter results of FY10. Its net profit went up to Rs 97 crore from Rs 46 crore (YoY).

Total income was up at Rs 409 crore from Rs 361 crore (YoY).

Source: CNBC-TV18
Courtesy moneycontrol.com

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