India Equity Research Reports, IPO and Stock News Visit http://indiaer.blogspot.com/ for complete details �� ��
Buzzing Stocks
· India's second largest IT services exporter and IT bellwether Infosys Technologies has announced its results for the quarter ended December 2010 (Q3FY11). The company has reported consolidated net profit at `1,780Cr as against `1,737Cr in previous quarter, a growth of 2.48% (based on IFRS). The company's consolidated revenues came in at `7,106Cr from `6,947Cr, up just 2.29% on QoQ. However, according to the estimates its net profit was expected to go up by 4.47% at `1,814.69Cr as against `1,737Cr in previous quarter. Its dollar revenues were expected to go up by 6.68% to $1596mn and rupee revenues seen up at `7,200.07Cr from `6,947Cr (QoQ).
· Punj Lloyd signed a 25 year power purchase agreement with NTPC Vidyut Vyapar Nigam Ltd or sale of power from a 5 MW PV based Solar Power plant to be built at Rajasthan.
· Suzlon Group signs MoU with Gujarat Government to develop 1,000 MW of wind power.
· Rajesh Exports is slated to raise around `7,000Cr for retail expansion across India.
No comments:
Post a Comment