Infosys seen reporting good Q4 results

IT bellwether Infosys seen reporting good Q4 March 2008 results. The company unveils results on Tuesday, 15 April 2008. A total of five prominent brokerages expect a between 3.56% to 6.2% growth in Infosys’ adjusted consolidated net profit at between Rs 1223.10 crore to Rs 1254.40 crore in Q4 March 2008 over Q3 December 2007. Operating profit margin is seen remain more or less steady compared to 32.6% in Q3 December 2007.

These five brokerages expect a between a 5.5% to 6.5% growth in revenue at between Rs 4504.50 crore to Rs 4546.90 crore.

Market men will focus on the company’s guidance for the current year. Infosys guidance will give investors a sense of the effect of the weakening US economy on technology spending by companies there.

BHEL net profit up 17%; turnover tops Rs 20,000 cr

Firming up joint venture with Nuclear Power Corporation Kamal Narang

Number crunch: Mr K. Ravi Kumar, CMD, BHEL, with Mr C. P. Singh, Director, at a press conference in the Capital on Thursday. —

Our Bureau

New Delhi, April 3

Faced with sluggish topline growth and higher provisioning denting its fourth quarter margins, Bharat Heavy Electricals Ltd (BHEL) announced a lower-than-expected 17 per cent rise in net profit at Rs 2,815 crore in 2007-08, according to provisional numbers released by the company on Thursday. The state-owned equipment major’s turnover rose 15 per cent to Rs 21,608 crore during the fiscal, from Rs 18,739 crore in 2006-07.

Q4 margins hit

Announcing the results at a pres conference here, BHEL’s Chairman and Managing Director, Mr K. Ravi Kumar, said that the company’s fourth quarter numbers have taken a hit on account of higher provisioning done in employee wages and in meeting certain “contractual obligations.”

“Fourth-quarter margin was lower due to a high wage bill. An increase of one per cent in raw material costs and contractual obligations also impacting by another 2.5 per cent,” he said, without elaborating on the quantum of the margin.

While the company’s topline growth was marginally below the 18 per cent jump in output clocked by the capital goods segment in latest industrial production data for April-January 2007-08, and way below the 29 per cent registered by the company in 2006-07, the engineering firm said it does not expect a slowdown in orders this year.

Mr Kumar said he was confident that rising input costs will not impact margins much in the long-term, as BHEL has already placed long-term orders for commodities such as steel and other metals in sync with their order book.

BHEL’s cumulative order book for execution in 2008-09 and beyond stood at about Rs 85,500 crore, of which orders worth over Rs 50,000 crore was secured during the last fiscal itself. “The order inflow rose 41 per cent to Rs 50,265 crore in 2007-08, up from Rs 35,643 crore in 2006-07,” Mr Kumar said.

The big jump in the order book position was primarily on account of the Ministry of Power’s directive that all utilities place order for project execution before the end of the last fiscal with equipment suppliers such as BHEL and others.

BHEL is also getting into a pact with Nuclear Power Corporation of India to float a joint venture for manufacturing equipment for nuclear power plants. BHEL is also expected to shortly incorporate a joint venture with NTPC Ltd to manufacture power equipment and offer EPC services to power producers.

Reliance Ind: Petrochem biz underperforms

Even as the oil refining business posted a strong performance in the third quarter ended December 2007, Reliance Industries’ petrochemicals business was an underperformer.

Revenues from petrochemicals dipped 3.3 per cent to Rs 12,706 crore while earnings before interest and tax, at Rs 1,778 crore, was almost the same as in the third quarter of last fiscal.

Profitability of the petrochemicals business shows a dipping trend on a sequential basis. Earnings before interest and tax from petrochemicals was down by a good 12.19 per cent in the third quarter compared to the second, ended September 2007. Revenues were also down almost 2 per cent over the same period.

The company seems to have been hit on both volumes and realisations. Production of petrochemicals was down 1.51 per cent during the third quarter with polymer production remaining stagnant at 8.52 lakh tonnes. The sustained high price of naphtha, a basic feedstock for the production of petrochemicals, affected margins in the case of specific products such as polyethylene.

The underperformance of the petrochemicals business was counterbalanced by an extremely strong performance in the refining segment where revenues grew by a good 25.31 per cent to Rs 26,154 crore while earnings surged by 35.79 per cent to Rs 2,614 crore. The exceptionally high refining margin of $15.4 per barrel that Reliance enjoyed during the quarter was responsible for driving the performance of the refining business.

Also aiding the overall performance of the company was the appreciation in the rupee which helped drive down interest costs on its dollar denominated debt. Interest and finance costs dipped by a generous 17.32 per cent to Rs 253 crore during the quarter.

The trend of a strong performance in refining and an average one in petrochemicals is likely to continue in the fourth quarter.

Oil prices are projected to remain strong in the near term which is good news for the refining business of Reliance but bad for petrochemicals. Margins in the latter business are likely to stay under pressure in the near term.

UPDATE 1-India's HCL Tech Q2 net up, sees no slowdown

NEW DELHI, Jan 17 (Reuters) - Indian software services firm HCL Technologies Ltd (HCLT.BO: Quote, Profile, Research) on Thursday posted a 16.4 percent rise in consolidated quarterly profit as it won more outsourcing deals in Europe and Asia-Pacific. The firm, India's fifth-largest software services exporter, has not seen signs of a business slowdown due to economic weakness in the United States, which provided more than half its revenue in the December quarter. "We don't see anything that concerns us," Chief Executive Vineet Nayar told a news conference. "It's business as usual."

HCL, which offers IT solutions and back-office services, said consolidated net income in its fiscal second quarter ended Dec. 31 rose to 3.33 billion rupees ($85 million) from 2.86 billion a year earlier, under the U.S. accounting standards.

The net profit was below the forecast of 3.56 billion rupees by brokerage Motilal Oswal Securities Ltd.

Standalone net income of HCL, based on the outskirts of New Delhi, rose to 2.67 billion rupees in the quarter, up from 2.66 billion a year ago.

Revenue grew 24 percent to 18.17 billion rupees, as HCL added 29 clients during the quarter including a new multi-year deal from Merck & Co Inc (MRK.N: Quote, Profile, Research) to support the drugmaker's key IT initiatives.

Competent workers and comparatively lower wages have helped Indian software services companies like HCL win outsourcing contracts from Western clients, but a strong rupee, soaring wages and prospects of a recession in the United States are concerns.

HCL's bigger rival Tata Consultancy Services Ltd (TCS.BO: Quote, Profile, Research) on Wednesday beat forecasts with a 20.5 percent rise in quarterly profit and said it was confident about growth but there was need for caution. The services firms are rapidly expanding their businesses to Europe, Asia-Pacific and Latin America to reduce their exposure on the U.S. market, which accounts for more than half their revenue. HCL said the United States contributed 55 percent of its revenue in the December quarter, down from 57.3 percent a year earlier. Europe grew to 29.7 percent from 29.2 percent and Asia-Pacific rose to 15.3 percent from 13.5 percent.

RESULTS for my calls on 14- 08 -07

NTPC : sell @ 175.50 + , buy @ 173 - 174 rs , no stop loss required, this will be achieved on thursday

tgt achieved so pft : 2.5 * 1625 = 4000 +

NIFTY : sell @ 4350+ , buy @ 4200 levels :: sure call

> hold it tgt will be achieved on thursday

SAIL : buy @ 150.25 , sell @ 152 + , sl @ 149*

> sl triggered if u had kept sl so loss : 1.25* 2700= - 3375
else hold it tgt will be achieved on monday

ADLABS : buy @ 492 , sell @ 498+ , sl @ 488*

> hold it went upto 496 levels and came down tgt will be achieved on monday


RNRL : sell @ 48.10+ , buy @ 46.5 , sl @ 49 :: tgt is sure for thursday

> hold it tgt will be achieved on thursday

its now @ 47.8 levels

UNITECH : buy @ 505 , sell @ 512+ , sl @ 498*

>tgt achieved so pft: 7*450 = + 3150

IFCI : sell @ 67.5+ , buy @ 66 , sl @ 68.5* :: tgt is sure for thursday

> sell tgt not achieved so no pft no loss

DLF : buy @ 601 , sell @ 606+ , sl @ 595*

>tgt achieved so pft: 5 * 400 = 2000

SBI : buy @ 1620 , sell @ 1632 + , sl @ 1610*

> tgt achieved so pft: 12* 250 =3000

INDIAINFOLINE : buy @ 672 , sell @ 682+ , sl @ 660*

> buy tgt achieved hold it it willreach on monday

TOTAL PFT : 4000 - 3375 + 3150 + 2000 + 3000 = pft is min of 9000 to 12000*

RESULTS for my calls on 13- 08 -07

INTRADAY :


INDIAINFOLINE : buy below 630 , sell @ 645 + , sl @ - 5 rs of ur buy price*

>tgt achiecved went upto 660+ levels


IFCI : buy below 65.60 , sell @ 67+ , sl @ -1 rs of ur buy price

>buy tgt not achieved

ICICI : buy below 870 , sell @ 880 + , sl @ -5rs of ur buy price*

>tgt opened above 870 in morning so buy tgt not achieved. no pft no loss

SBI : buy below 1615 , sell @ 1630 + , sl @1595*

>buy tgt achieved and went to 1629.90 levels so if u had sold it @ these levels then pft

UTV : buy below 470 , sell @ 480 + , sl @ 460*

>buy tgt achieved went upto 477 levels

ADLABS : buy below 477 , sell @ 483 + , sl @ 470*

>tgt achieved went upto 490 levels so pft

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FUTURES :

SBI : buy below 1620 , sell @ 1636+ , sl @ 1595 *

>tgt achieved if u would have sold it @ 1634 levels else hold it if sold then pft

14*250= 3500

ICICI : buy below 868 , sell @ 880+ , sl @ 855*

> tgt came to 869 rs if u had bought it then pft else no pft no loss

IFCI : buy below 65.50 , sell @ 66.85+ , sl @64*

> buy tgt not achieved so no pft no loss

INDIAINFOLINE : buy below 635 , sell @ 645 + , sl @ 625*

> tgt achieved went upto 660 levels

>pft : 25*500= 12500

MOSERBAER : buy @ 277 - 282 , sell @ 287+ , sl @ 274*

>buy tgt achieved now @ 284 levels hold it

ITC : buy below 163.50 , sell @ 164.5+ , sl @ 161*

>tgt achieved so pft : 2250* 1.5 =3375

NTPC : buy below 166 , sell @ 168+ , sl @ 164.5*

>buy tgt not achieved so no pft no loss


ADLABS : buy below 478 , sell @ 485+ , sl @ -3 rs of ur buy price*

> tgt achieved so pft : 15*450=6750

SAIL : buy below 148 , sell @ 150 + , sl @ 146*

>tgt achieved so pft : 3*2700 = 8100

UNITECH : buy @ 512 , sell @ 520+ , sl @ 506*

>buy tgt achieved so hold it tomrw it will reach the tgt

GMR : buy @ below 833 , sell @ 843+ , sl @ 825*

>tgt achieved so pft : 12* 1000 = 12000

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TOTAL PROFIT : 3500 + 12500 + 3375 + 6750 + 8100 + 12000 = min of 42000 upto 50000*

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EVEN ALL MY OPTION CALLS ACHIEVED THE TGT I MENTIONED

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RESULTS for my calls on 10- 08 -07

See my calls for today and statistics and also u can verify them :

FUTURES :

INDIA INFOLINE : buy @ 620 - 630 , sell @ 670 + , sl @ 615*

> buy tgt achieved hold it tgt will be achieved

ACC : buy @ 960 - 965 , sell@ 1000 +, sl @ 955*

> tgt achieved : 40*375 = 15000

ABB : buy @ 1070 , sell @ 1100 + , sl @ 1060*

> buy tgt achieved and closed @ 1095 levels . hold it ur tgt will be achieved on monday.

> if u had sold this script @ 1090 levels then pft : 25*500= 12500*

L & T : buy @ 2400- 2410 , sell @ 2500 + , sl @ 2380*

> buy tgt hit. closed @ 2433 levels. hold it tgt will be achieved.

> if sold @ 2430 levels then pft : 200 * 30 = 6000*

SATYAM : buy @ 450 - 454 , sell @ 465+ , sl @ 445*

> tgt achieved so pft : 15 * 600 = 9000

> if u had hold this stock and sold @ 475 levels then pft :25*600=15000 rs*


DLF : buy @ 575 - 580 , sell @ 600 + , sl @ 570*

> buy tgt achieved , hold it tgt will be achieved

NIFTY : buy @ 4200- 4230 , sell @ 4400 , sl @ 4150*

> buy tgt achieved. now closed @ 4300 hold it tgt will be achieved in few days

> if u had sold @ 4300 levels then pft = 50 * 100 = 5000

REL : buy @ 720 - 725 , sell @ 750 , sl @ 700*

>tgt achieved so pft : 25 * 550 = 13750

ZEE : buy @ 295 - 300 , sell @ 307+ , sl @ 290*

> tgt achieved so pft : 9* 700 = 6300


OPTIONS :

NIFTY : call @4400 : buy 40 - 50 rs , sell @ 80 + , sl @ 30 rs*

> buy tgt achieved hold it

SATYAM : buy call480 @ 6 - 9 rs , tgt is 13 + , sl @ 5rs*

> tgt achieved so pft : 6 * 600 = 3600

DLF : buy call 600 @ 12 - 14 rs , tgt is 20 rs , sl @ 10 rs*

> buy tgt hit hold it tgt will be achieved in 2 days

SAIL :buy call 155 @ 2.5 , tgt is 3.5 + , sl @ 2 rs*

>buy tgt hit. hold it tgt will be achieved

ifci : buy call 70 @ .80 - 1 rs tgt is 1.80 rs , sl @ .70 rs*

> tgt achieved so pft : 1* 7500+ = 7500 +

TOTAL PROFIT : 15000 + [12000]* + 9000 + 6300 +13000 + 3600 + 7500 + [6000]* = min pft of 55 000 upto max of 74000 rs*

RESULTS for my calls on 9- 08 -07

Check my calls and results. all stocks hit the tgt but they opened higher than i suggested since mkt had a firm opening today. so u can verify my calls. all calls hit tgt 95%.

NIFTY : sell @ 4445 , buy @4350 , sl @ 4470*

tgt came to 4354 so if u had squared ur position at 4460 levels then pft is : 50* 90 = min of 4500+

SBI : sell @ 1725 , buy @ 1690 , sl @ 1735*

tgt achieved came to 1650 levels so pft : 75 * 250 = min of 15000*

RIL : buy @ 1875 , sell @ 1890+ , sl @ 1870*

tgt hit and went to 1910 levels

so pft is min of1000

NAGARFERT : buy @ 25 , sell @ 26 , sl @ 24.50*

tgt achieved so pft : 1* 14000 = min of 10000 +

RCOM : sell @ 550 , buy @ 542 , sl @ 554*

tgt hit went to 535 levels so pft : 700 * 10 = min of 7000 +

ACC : sell @ 1030 , buy @ 1000 , sl @ 1040*

tgt hit so pft : 375 * 30 = min of 11000*



total pft : min of 48000 upto 55000 rs

RESULTS for my calls on 8- 08 -07

Check my calls and results. all stocks hit the tgt but they opened higher than i suggested since mkt had a firm opening today. so u can verify my calls. all calls hit tgt 95%.

i said that there will be buying in 2nd session and u could see the result, firm till closing. which was not noticed from some days.

results for my calls was around 25000+ . including profit and loss. u can verify them

tomorws picks will be updated by 9 pm

RESULTS for my calls on 3- 08 -07

FUTURES :

SATYAM : buy@ 455-459 , sell @ 466 - 470 , sl @ 452*

> buy tgt not hit so no pft nor loss

INFOSYS : buy @ 1900 - 1908 , sell @ 1922 - 1928, sl @ 1895*

> tgt achieved so pft : 20 * 100 = + 2000

MOSERBAER : buy @ 285 - 289 , sell @ 296 - 300 , sl @ 282*

> buy tgt not achieved so no loss nor pft

SAIL : buy @ 140 - 143.50 , sell @ 145 - 147 , sl @ 138*

>tgt achieved so pft : 3 * 2700 = + 8100

ZEEL : buy @ 306 - 310 , sell @ 316 - 320 , sl @ 303*

> buy tgt not achieved so no pft nor loss

NTPC : sell @ 162 - 163.5 , buy @ 160 - 158 , sl @ 165*

>sell tgt not achieved so no pft no loss

DLF : buy @ 588 - 591 , sell @ 597 - 601 , sl @ 585*

> buy tgt not achieved so no loss nor pft

TCS : buy @ 1095 - 1100 , sell @ 1110 - 1115 , sl @ 1090*

> tgt achieved so pft : 10 * 250 = + 2500

CALL :

IFCI : call @ 60 : buy @ 2.10 - 2.20 , sell @ 2. 75 - 3 , sl @ 2*

> buy tgt not achieved

IFCI : call @ 65 : buy @ 0.70 -0.80 , sell @ 1.20 - 1.50 , sl @ .50*

> buy tgt not achieved

SAIL : call @ 50 : buy @ 3.70 - 3.90 , sell @ 4.50 - 5 , sl @ 3.50*

>buy tgt nopt achieved

SAIL : call @ 55 : buy @ 2.50 - 2.65 , sell @ 3.30 - 3.60 , sl @ 2.30*

> buy tgt not achieved


INFOSYS : call @ 1950 : buy @ 38 - 42 , sell @ 50 - 55 , sl @ 35*

> tgt achieved @ 48 levels so pft : 10 * 100 = 1000

INFOSYS : call @ 1980 : buy @27 - 31 , sell @ 40 - 44 , sl @ 25 *

> sl triggered so loss 2 * 100 = - 200


TOTAL PROFIT : + 2000 + 8100 + 2500 + 1000 -200 = + 13400

RESULTS for my calls on 2 - 08 -07

RESULTS for my calls on 2 - 08 - 07

SATYAM : buy @ 463 - 465 , sell @ 470 - 475 , sl @ 460*

>tgt hit at 470 so pft : 5 * 600 = + 3000

TCS : buy @ 1108 - 1112 , sell @ 1120 - 1125 , sl @ 1100*

> buy tgt hit. so hold it its sell tgt will be reached in two days
else stop loss hit 8 * 250 = - 2000

MOSERBAER : buy @ 290 - 294 , sell @ 298 - 302 , sl @ 288*

>tgt achieved so pft : 7 * 825 = + 5775

ZEEL : buy@ 302 - 306 , sell @ 312 - 316 , sl @ 300*

> target achieved so pft : 10 * 700 = + 7000

ADLABS : buy @ 478 - 482 , sell @ 490 - 495 , sl @ 474*

>tgt achieved so pft : 13 * 450 = + 5850

DLF : buy @ 582 -586 , sell @ 595 - 602 , sl @ 580*

> tgt achieved so pft : 20 * 400 = + 8000

INDIA INFOLINE : buy @ 650 - 655 , sell @ 675 - 680 , sl @ 645*

> tgt achieved so pft : 25 * 500 = + 12500

TOTAL PROFIT : + 3000 - 2000 + 5775 + 7000 + 5850 + 8000 + 12500 = + min of 36000 upto 42000