Weekly Newsletter Dated 18th July'08-25th July '08.

Kiran · 07-28-2008, 11:51 AM

Dear Sir/ Madam,

The key indices extended gains for the third straight week in the week ended Friday, 25 July 2008, boosted by the Congress-led coalition government winning confidence vote in parliament, sharp correction in crude oil and short covering of derivatives positions.

BSE Sensex gained 639.54 points or 4.69% to 14,274.94 and S&P CNX Nifty edged up 219.60 points or 5.36% to 4,311.85 in the week ended Friday, 25 July 2008. The BSE Mid-Cap index rose 333.20 points or 6.35% to 5,572.59. The BSE Small-Cap index advanced 322.89 points or 5.01% to 6778.78.

India's inflation, based on the Wholesale Price Index (WPI), was more or less stable in the second week of July. The rate of inflation for the week ended July 12 stood at 11.89%, marginally lower than the rate of 11.91% reported in the previous week.

RESULT UPDATE I: TATA POWER LIMITED (CMP: Rs. 1015.45)

Net profit of Tata Power totaled Rs 190.55 crore in the quarter ended June 2008 as against Rs 190.2 crore during the previous quarter ended June 2007(Net profit is not comparable with the same period last year owing to the change in the accounting method.). Sales rose 34.05% to Rs 2026.13 crore in the quarter ended June 2008 as against Rs 1511.48 crore during the previous quarter ended June 2007.

RESULT UPDATE II: NAVA BHARAT VENTURES LIMITED (CMP: Rs.281.35)

Net profit of Nava Bharat Ventures rose 118.92% to Rs 126.91 crore in the quarter ended June 2008 as against Rs 57.97 crore during the previous quarter ended June 2007. Sales rose 64.77% to Rs 290.47 crore in the quarter ended June 2008 as against Rs 176.29 crore during the previous quarter ended June 2007.

RESULT UPDATE III: ALPHAGEO (INDIA) LIMITED (CMP: Rs.401.95)

Net profit of Alphageo jumped 398% to Rs 12.19 crore in the quarter ended June 2008 as against Rs 2.45 crore during the previous quarter ended June 2007. Income from operation surged 118% to Rs 45.06 crore in the quarter ended June 2008 as against Rs 20.66 crore during the previous quarter ended June 2007.

RESULT UPDATE IV: ABB LIMITED (CMP: Rs. 833.60)

ABB posted a standalone net profit of Rs 131.8 crore for the second quarter ended June 30, 2008 up 21% from Rs 108.6 crore in the corresponding quarter last financial year. Its revenue grew by 16% to touch Rs 1,637.6 crore for the quarter from Rs 1415.6 crore in the same quarter last finical year.

For further details please find the attached Weekly Newsletter Dated 18th July'08-25th July '08.

Regards,

Kiran

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