Health and personal care giant Dabur sprung a surprise at the
beginning of the past weekend when they announced that they were going to buy a
seventy percent stake in emerging Pharma Company Fem Care. What has been even more surprising is the price tag for Fem.
A very formidable price of nearly Two Hundred
and Four Crore Rupees will be shelled out by the health care major. There
is however no reason for any shareholder to panic because this acquisition is
expected to strengthen the company and make it more profitable in the coming
years.
Submitted by Sanjukta on August 20, 2008 - 7:50am.
ensex did not give us much reason for joy this week. The Sensexe nded 3 % lower 9 that is 444 points) this week thanks to the weak industrial production, morose global markets and the forecast of 7.7 % YoY GDP Growth being lowered by PM’s Economic Advisory Council vs an earlier projection of 8.5% in Jan 2008. The IIP data showed 5.4% rise in June ’08 very unlikely against 8.9% a year ago and an upwardly revised 4.1% growth in May 2008. The biggest sufferer was BANkex. LargeSectors dod lose out a lot. But Bankex lost the most. Bankex dipped for about 7 % Second in tow was Realty Sector.
Indian Fashion and garment
powerhouse, Provogue (I) made a surprising decision to split their stock and
that too by a ratio of 5:1 which means that every share owned will now be split
into five more. The move is a surprising one considering the fact that Provogue’s
latest quarter results showed a rise in sales by at least 31.1% while the net
profit rose by around 28% as compared to the previous quarter.
Submitted by Financeman on July 14, 2008 - 9:15am.
In what was the most surprising things I noticed till now was that Infosys fell 7% inspite of good performance. That clearly brings us to the question - does the market really feel jittery about the prospects of the company or is it something else that has driven the slide?
I sat with a technical analyst to look at the reasons. The charts clearly indicated the price breaking the support levels trend line. And that would have triggered a sell off by the traders.
Health and personal care giant Dabur sprung a surprise at the
beginning of the past weekend when they announced that they were going to buy a
seventy percent stake in emerging Pharma Company Fem Care. What has been even more surprising is the price tag for Fem.
A very formidable price of nearly Two Hundred
and Four Crore Rupees will be shelled out by the health care major. There
is however no reason for any shareholder to panic because this acquisition is
expected to strengthen the company and make it more profitable in the coming
years. 
Indian Fashion and garment
powerhouse, Provogue (I) made a surprising decision to split their stock and
that too by a ratio of 5:1 which means that every share owned will now be split
into five more. The move is a surprising one considering the fact that Provogue’s
latest quarter results showed a rise in sales by at least 31.1% while the net
profit rose by around 28% as compared to the previous quarter. 