Reliance Energy Net Rises 25% In Jun`07 Qtr

Rajvir Khanna 19 July 2007

Reliance Energy LimitedReliance Energy recorded a 25.45% enhancement in net profit to Rs 2,215.60 million for the quarter ended June 2007 from Rs 1,766.10 million in the corresponding period ended June 2006.

TCS Has Target Of Rs 1200 – Anil Manghnani

Shalini Kakkad 19 July 2007

Anil ManghnaniTata Consultancy Services of Modern Shares & Stock Brokers is of the view that Tata Consultancy Services (TCS) has trading target of Rs 1200.

HDFC Bank Stock Rates Fall After Valuing ADR at a Discount

Sameer Kapoor 19 July 2007

HDFC BankHDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.

The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.

The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.

Biocon Net Climbs Up 62.71% In Jun`07 Qtr

Shalini Kakkad 18 July 2007

For the quarterBiocon ended June 2007, Biocon exposed a fantastic increase in net profits.

Marginal Increase in IDBI Q1 Net Income

Harish Dhawan 18 July 2007

Industrial Development Bank of IndiaIndustrial Development Bank of India

Kerala Ready For Talks With TN On River Issues

Neha Malik 18 July 2007

Thiruvananthapuram:Water Resources Minister N K Premachandran

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