Saraswati Commercial - FY 08 results by Jun 30, 2008

Saraswati Commercial India Ltd has informed that the Company proposes to publish Audited Financial Results for the Year ended March 31, 2008 on or before June 30, 2008. Hence, the Company will not publish its quarterly and half yearly Un-audited Financial Results for the period ending March 31, 2008.

Indian Card - FY 08 results by Jun 30, 2008

Indian Card Clothing Company Ltd has informed that the Company will publish audited results for the financial year ended March 31, 2008 within a period of three months, from the end of the last quarter March 31, 2008, i.e. by June 30, 2008.Under the circumstances, the Company will not publish unaudited financial results within one month from the end of the quarter ended March 31, 2008.

Hitachi Home - FY 08 results by Jun 30, 2008

Hitachi Home

Nelco - FY 08 results by Jun 30, 2008

Nelco Ltd has informed that the Companys financial year 2007-08 ended on March 31, 2008. In view of the above, the Company will be publishing Audited Financial Results of the Company for the Financial Year 2007-08 within a period of 3 months from the end of the last Quarter of the financial year.

Shantivijay Jewels - FY 08 results by Jun 30, 2008

Shantivijay Jewels Ltd has informed that the Company will publish by June 30, 2008 audited annual financial results for the financial year ended March 31, 2008 instead of un-audited quarterly financial results for the last quarter ended March 31, 2008.

Hindustan Unilever equity shareholders to approve Scheme of Arrangement

Hindustan Unilever Ltd has informed that pursuant to the order of the Honble High Court of Judicature at Bombay a meeting of the equity shareholders of the Company will be held on April 29, 2008, for the purpose of considering and if thought fit, approving with or without modification(s), the Scheme of Arrangement proposed to be made between Hindustan Unilever Ltd (Applicant Company), Brooke Bond Real Estate Pvt Ltd (Resulting Company) and their respective Shareholders and Creditors for the demerger and transfer of certain immovable properties of the Applicant Company to the Resulting Company.

GlaxoSmithkline Consumer - AGM on Apr 25, 2008

GlaxoSmithkline Consumer Healthcare Ltd has informed that the 49th Annual General Meeting (AGM) of the members of the Company will be held on April 25, 2008, inter alia, to transact the following business:1. To consider and adopt the Audited Profit and Loss Account for the year ended December 31, 2007, the Balance Sheet as at that date together with the Reports of the Directors and Auditors.2. To confirm the interim Dividend aggregating to Rs 12 per equity share of Rs 10 each already paid for the year ended December 31, 2007.3. To appoint Auditors for the current year and to authorise the Board of Directors to fix their remuneration.4. To appoint Mr. Ramakrishan Subramanian as the Wholetime Director of the Company with effect from December 01, 2007 for a period of three years, on remuneration, terms

First Leasing - FY 08 results by Jun 30, 2008

First Leasing Company of India Ltd has informed that the Company would be publishing Audited Financial Results of the Company for the year ended March 31, 2008 within the prescribed period of 3 months from the end of the financial year i.e. on or before June 30, 2008. In view of this, the Un-audited financial results for the quarter ended March 31, 2008 shall not be published.

Cera Sanitaryware - FY 08 results by Jun 30, 2008

Cera Sanitaryware Ltd has informed that the Company will approve and publish Audited Results for the Quarter / Year ended March 31, 2008 within three months from the end of Financial Year 2007-08 i.e. by June 30, 2008.

Godfrey Phillips - FY 08 results by Jun 30, 2008

Godfrey Phillips India Ltd has informed that the Company intends to publish audited financial results for the year ended March 31, 2008 by June 30, 2008. The audited results, therefore, shall be published and quarterly unaudited financial results for the quarter ended March 31, 2008 shall not be published.

Rishi Laser - FY 08 results by Jun 30, 2008

Rishi Laser Ltd has informed that the Company will publish Audited Yearly Results before June 30, 2008 and as such the Company will not be publishing Un-Audited Quarterly results for the quarter ended March 31, 2008.

Pix Transmissions - FY 08 results by Jun 30, 2008

Pix Transmissions Ltd has informed that the Company will publish the Audited Financial Result for the year ended March 31, 2008, in the month of June 2008, instead of publishing Un-audited financial results for the quarter ended March 31, 2008 during the month.

Choksi Imaging - FY 08 results by Jun 30, 2008

Choksi Imaging Ltd has informed that the Company will publish audited results within a period of 3 months from the end of the last quarter of the financial year ending i.e. March 31, 2008 and therefore the Company will not be publishing unaudited results for the quarter ended March 31, 2008.

Bombay Burmah - FY 08 results by Jun 30, 2008

Bombay Burmah Trading Corporation Ltd has informed that the Corporation will publish audited results for the financial year ended March 31, 2008 by June, 2008. In view thereof, the unaudited results for the last quarter ended March 31, 2008 will not be published in April, 2008.

Hindustan Hardy - FY 08 results by Jun 30, 2008

Hindustan Hardy Spicer Ltd has informed that the Company would be publishing audited results for the year ended on March 31, 2008 on or before June 30, 2008 instead of publishing the results for the quarter ended on March 31, 2008.

Nelco - FY 08 results by Jun 30, 2008

Nelco Ltd has informed that the Companys financial year 2007-08 ended on March 31, 2008. In view of the above, the Company will be publishing Audited Financial Results of the Company for the Financial Year 2007-08 within a period of 3 months from the end of the last Quarter of the financial year.

Hindustan Unilever equity shareholders to approve Scheme of Arrangement

Hindustan Unilever Ltd has informed that pursuant to the order of the Honble High Court of Judicature at Bombay a meeting of the equity shareholders of the Company will be held on April 29, 2008, for the purpose of considering and if thought fit, approving with or without modification(s), the Scheme of Arrangement proposed to be made between Hindustan Unilever Ltd (Applicant Company), Brooke Bond Real Estate Pvt Ltd (Resulting Company) and their respective Shareholders and Creditors for the demerger and transfer of certain immovable properties of the Applicant Company to the Resulting Company.

Lakshmi Precision - FY 08 results by Jun 30, 2008

Lakshmi Precision Screws Ltd has informed that the Management of the Company has decided to publish Audited Results instead of Unaudited Results for the last quarter of the financial year 2007-2008. Results for the last quarter of the financial year will be published with in a period of three months from the end of the last quarter for the financial year ending on March 31, 2008. The Unaudited Results for the last quarter ended March 31, 2008, will not be published with in one month of end of the last quarter.

First Leasing - FY 08 results by Jun 30, 2008

First Leasing Company of India Ltd has informed that the Company would be publishing Audited Financial Results of the Company for the year ended March 31, 2008 within the prescribed period of 3 months from the end of the financial year i.e. on or before June 30, 2008. In view of this, the Un-audited financial results for the quarter ended March 31, 2008 shall not be published.

Godfrey Phillips - FY 08 results by Jun 30, 2008

Godfrey Phillips India Ltd has informed that the Company intends to publish audited financial results for the year ended March 31, 2008 by June 30, 2008. The audited results, therefore, shall be published and quarterly unaudited financial results for the quarter ended March 31, 2008 shall not be published.

Warren Tea - Result of Postal Ballot

Warren Tea Ltd has informed BSE that members of the Company have passed the following resolutions by way of Postal Ballot, with requisite majority.1. Special Resolution for change of designation of President and Managing Director to Executive Chairman as per the draft special Resolution circulated to the member(s).2. Special Resolution for amendment of Article 110 of the Articles of Association of the Company as per the draft special Resolution circulated to the member(s).

Godfrey Phillips India Ltd has informed that the Company intends to publish

Godfrey Phillips India Ltd has informed that the Company intends to publish audited financial results for the year ended March 31, 2008 by June 30, 2008. The audited results, therefore, shall be published and quarterly unaudited financial results for the quarter ended March 31, 2008 shall not be published.

Gammon Infrastructure Projects Limited IPO Information

Gammon Infrastructure Projects Limited IPO Information

Open - 10 March
Close - 13 March
Issue Type -100% Book Building Issue
Issue Size - 16,550,000 Equity Shares of Rs. 10/-
Issue Price - Rs 167/- to Rs 200/- Per Equity Share
Maximum Subscription Amount for Retail Investor: Rs 100,000/-
Listing - BSE, NSE
Lead Manager - Sski Corporate Finance Private Limited & Macquarie India Advisory Services Private Limited
Registrar - Intime Spectrum Registry Ltd
Phone - 0-22-2596 0320
Email - gipl.ipo@intimespectrum.com
Website - www.intimespectrum.com

Sita Shree Food Products Limited IPO Information

Sita Shree Food Products Limited IPO Information

»» Public Issue Open: March 10, 2008 to March 14, 2008
»» Public Issue Type: 100% Book Built Issue (Initial Public Offer IPO)
»» Public Issue Size: [ ] Equity Shares of Rs. 10/-
»» Face Value: Rs. 10/-
»» Public Issue Price: Rs 27/- to Rs 30/-
»» Maximum Subscription Amount for Retail Investor: Rs 100,000/-
»» Listing: BSE, NSE
»» Lead Manager: Keynote Corporate Services Ltd
»» Registrar: Ankit Consultancy Pvt Ltd (Ph: +91-731-2491298 Email: ankitind@sancharnet.in)

Stay invested for long-term

SHORT-TERM CAPITAL GAINS TAX

 

The move is aimed at addressing the issue of market volatility.

Day traders and aggressive investors, beware. An otherwise moderate Union Budget 2008-09 has decided to come down heavily on this class. With the hike in the short-term capital gains (STCG) tax, from the erstwhile 10 per cent to 15 per cent, the finance minister has attempted to curb speculation-oriented trading by individual investors.

This move has been induced by the roller-coaster ride taken by the bourses throughout the last year, and especially in the initial public offering space, where the Reliance Power IPO made a debacle.

The assumption here is that a hike in STCG would encourage small investors to hold on to their investments for a longer time and curbing volatility.

Ravi Sharma, chief executive officer of Birla Sun Life Distribution, says, ?It is a common notion that many investors made hay through short-term investments, thus adding to the volatility. But in the longer run, it would not deter the investor, because earlier he entered the bourses with a threshold exit price of over say, Rs 110 on an investment of Rs 100, while now that threshold will stand at Rs 115.?

Further, this hike in STCG will affect the small investor only marginally because of the sheer quantum of their trades. Institutional investors, arbitrage desks of large banks and large individual investors will be the one taking the hit.

Besides, with the prevailing state of the markets, there are not many investors who enter with a short-term view,? adds Sharma.

Arpit Agarwal, managing director, Dawnay Day AV Securities, giving a different insight says, ?The proportion of cash transactions in the total turnover of the markets is hardly 15 per cent, while the larger chunk of action lies on the futures & options side. Besides, earlier too, investors paid STCG at 20 per cent, which was brought down to 10 per cent last year. So a 50 per cent hike in this tax is soon likely to be forgotten.?

Tips of the day 3-Mar- 2008

Opening bell Package:-

 

Buy UNIPHOS tgt 341-346 sl 325.(Stop Loss)

Buy HINDALCO above 205 sl 201.50 tgt 209-212.(Buying not Initiated)

Delivery - Buy and Hold SHREYAS for one week.(Open at 103)

All in One Package:-

Time:- 9:30

Buy HINDALCO around 205 sl 201.50 tgt 209-212.(Buying not Initiated)

Time:-  11:03

Cash Intraday:- Sell BHEL at 2175 sl 2190 trgt 2155-40.(Target Achieved)

Time:- 11:43

Buy RELCAPITAL at1701-1703 SL 1679 T 1738-52. (Stop Loss)

Time:- 12:58

Buy NIFTY FUT at 5002 sl 5020(Spot) trgt 5030-40.(Made high 5025 after given than sl hit)

World Indices 03-03-2008

Exchange	Last Trade (%Chg)	Change
BSE Sensex	16678(-5.1%)	-901
N’daq Fut		-1
DOW Fut		-16
Nikkei 225	12992(-4.5%)	-611
Hang Seng	23585(-3.1%)	-747
Shanghai Composite	4438(2.1%)	+90
Straits Times	2927(-3.3%)	-100
Taiwan Weighted	8263(-1.8%)	-150
Seoul Composite	1672(-2.3%)	-40
DAX	6648(-1.5%)	-100
FTSE 100	5804(-1.4%)	-80
CAC 40	4719(-1.5%)	-71