Friends,
ACC and Ultratech have announced results.The cost push and extra levy along with the constraint regarding fixing prices as per market have made ACC show slightly lower PAT for second quarter. This does not make companies capacity to improve performance in future on both fronts ie volumes and realisation. ACC is embarked onadding 7.2 m/t capacity by 2010 taking the total capacity up to 30.4 m/t. The company has announced 100 p.c. Interim dividend . All this caps downside of ACC’s share price and the hopefuls should keep this and add in portfolio.
The Nifty lost around one percent an finished the day at 4433. DOW yesterday lost heavily and Asian markets are also down but moderately. The crude is lower only. The results for 338 companies for the 1st qtr of the FY shown 30.4 p.c. Jump in sales and PBT and OP have been higher by 13 p.c. only. This is enough of ecouragement for the investor as this has come on quite an expanded base. The leading companies have been getting stronger by the day weather any storm that may come in near or far future hence why worry and why try to time market.Its simple and rewarding to identify stocks and pick them.the ‘panch-tattva’ is ready to help if only you show inclination, the charges are just Rs 200 per scrip .
The developments are making Indian markets decoupled to some extent.
HariOm,
KrsnaKhandelwal
