Surana Corporation has registered a significant jump in net profit for the quarter ended June 2007. The company declared a 49.07% profit growth to Rs 54.23 million from Rs 36.38 million in the corresponding period of the last year (2006).
The quarterly sales of the company slumped 38.35% to Rs 3,988.73 million as compared with the corresponding quarter, a year ago.
Operating margins augmented to 1.52% in the same quarter, which showed an increase of 26.50 basis points as against its previous quarter, a year ago.
Today, the stock market opened afresh in the positive territory at 14, 965.65, and the stocks from baking, auto and telecom chaired the advancements.
Supported by the string buying interest in the index havyweights, the 30- share index is continuously trading in the positive terrain.
According to Karvt stock’s assistant manager, Bharat Thakur that stock market will open with a sliding gap on Monday, but will regain progressively to end the day on a positive note. He is bullish on IT sector and suggests Infosys, HFC, Satyam and Nitin Fires for trading.
BSE has declared that from Tuesday, August 14, 2007; the equity shares of Omnitech InfoSolutions Limited (Scrip Code: 532882) are scheduled and accepted for transaction on the stock exchange in the list of ‘B1’ Securities Group.
The company’s equity shares (Symbol: OMNITECH) shall be listed and allowed to dealings on the NSE w.e.f. August 14, 2007.