Kiran

Dear Sir/ Madam,

The market moved ahead, backed by the positive global cues and falling crude prices, boosting the investor sentiments shrugging off the rate hike blues by the RBI.

BSE Sensex rose 381.75 points or 2.67% to 14,656.69 and CNX S&P Nifty rose 101.7 points or 2.35% to 4413.55 in the week ended 1 August 2008. The BSE Mid-Cap index rose 70.15 points or 1.26% to 5,642.74 and the BSE Small-Cap index rose 201.32 points or 2.96% to 6,980.10.

India's inflation, based on the Wholesale Price Index (WPI), increased in the third week of July to 11.98% for the week ended July 19, up than the rate of 11.89% reported in the previous week.

RESULT UPDATE I: NESTLE INDIA LIMITED (CMP: Rs. 1601.30)

Net profit of Nestle India totaled Rs 121.1 crore in the quarter ended June 2008 as against Rs 95.69 crore during the previous quarter ended June 200, registering an increase of 26.5%. Net Sales rose 23.5% to Rs 1035.6 crore in the quarter ended June 2008 as against Rs 838.88 crore during the previous quarter ended June 2007.

RESULT UPDATE II: TITAN INDUSTRIES LIMITED (CMP: Rs.1174.35)

Net profit (standalone) of Titan rose 154.9% to Rs 32.22 crore in the quarter ended June 2008 as against Rs 12.64 crore during the previous quarter ended June 2007. Sales rose 23.2% to Rs 810.31 crore in the quarter ended June 2008 as against Rs 657.47 crore during the previous quarter ended June 2007.

RESULT UPDATE III: GITANJALI GEMS LIMITED (CMP: Rs.257.70)

Net profit after minority interest of Gitanjali Gems increased 15.87% to Rs 41.77 crore in the quarter ended June 2008 as against Rs 36.05 crore during the previous quarter ended June 2007. Net sales (consolidated) rose 26.93% to Rs 1218.14 crore in the quarter ended June 2008 as against Rs 959.68 crore during the previous quarter ended June 2007.

RESULT UPDATE IV: MAHINDRA & MAHINDRA LIMITED (CMP: Rs. 523.70)

M&M posted a standalone net profit of Rs. 159.3 crore in the quarter ended June 2008 as against Rs 191.17 crore during the previous quarter ended June 2007, registering a decline of 16.7%. Net sales rose 26.1% to Rs 3293.45 crore in the quarter ended June 2008 as against Rs 2612.78crore during the previous quarter ended June 2007.

For further details please find the attached Weekly Newsletter Dated 25th July'08-1st August '08.

Regards,

Kiran B

Attached Files

1_WEEKLY 25TH JULY 2008_1ST AUG 2008.pdf (225.4 KB, 0 views)