NOCIL spurts on strong Q1 chemistry

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CLB ORDER IN THE MATTER OF MAHINDRA SATYAM EXPECTED ON MONDAY
MAHINDRA SATYAM BOARD HAS WRITTEN TO CLB TO RECALL GOVT NOMINATIONS
OPEN TO 1-2 GOVT NOMINEES TO BE RETAINED FOR INVESTIGATION PURPOSE
BHARTI GETS INTERPRETIVE ORDER FROM SEBI ON WAIVER OF OPEN OFFER
ORDER CONDITIONAL ON BHARTI GETTING NOD FOR SCHEME OF ARRANGEMENT BY HC
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TATKAL BOOKING PERIOD REDUCED TO 2 DAYS FROM 5 NOW
RECEIVED INCREASED BUDGETARY SUPPORT BY RS.5000 CR IN FY'10
PROVISION FOR NEW LINES AT RS.2921CR FROM RS,1100CR
TO FORM EXPERT COMMITTEE FOR OPTIC FIBRE CABLE NETWORK
MAMATA BANERJEE: ECONOMIC VIABILITY OF PROJECTS IS NOT THE KEY CONCERN
ANNUAL PLAN OUTLAY OF RS.40,740 CR IN FY10
TO DEPLOY RS.15675 CR VIA INTERNAL RESOURCES
RAILWAY FINANCE CORP TO BORROW RS.9000 CR IN FY'10
FY'10 GROSS TRAFFIC RECEIPTS SEEN AT RS.8842 CR
EXPECT RS.58500 CR REVS FROM FREIGHT, RS.23400 FROM PASSENGERS IN FY'10
FREIGHT TRAFFIC TARGET AT 882 MT FOR FY'10 VS 833 MT IN FY'09
TO INTRODUCE 12 NEW NON STOP INTER-CITY TRAINS, DOUBLE DECKER AC COACHES
PASSENGER RATES AND FREIGHT RATES UNCHANGED
'IZZAT' SCHEME: FARE OF RS.25 FOR TRAVEL UPTO 100 KM FOR POOR
'IZZAT' SCHEME: FARE OF RS.25 FOR TRAVEL UPTO 100 KM FOR POOR
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Updated: 23/07/2008 | 12:00 AM IST

Manufacturing

Capital Market

Wednesday, July 23, 2008 (New Delhi)

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The company announced the results after trading hours yesterday, 22 July 2008.

Meanwhile, the BSE Sensex was up 563.10 points, or 3.99%, to 14,667.30. The market spurted today, 23 July 2008, after the Congress-led United Progressive Alliance (UPA) government late on Tuesday, 22 July 2008, retained power by winning trust vote in parliament, ending political uncertainty. A further fall in oil prices and firm global markets also boosted sentiments.

On BSE, 33,557 shares were traded in the counter. The scrip had an average daily volume of 3.68 lakh shares in the past one quarter.

The stock hit a high of Rs 25.50 and a low of Rs 23 so far during the day. The stock had a 52-week high of Rs 67.95 on 4 January 2008 and a 52-week low of Rs 17.55 on 2 July 2008.

The small-cap company had underperformed the market over the past one month till 22 July 2008, declining 1.85% compared to the Sensex’s decline of 1.32%. It had also underperformed the market in the past one quarter, declining 25.57% compared to Sensex’s decline of 15.53%.

The company has an equity capital of Rs 160.79 crore. Face value per share is Rs 10.

The current price of Rs 23.50 discounts its Q1 June 2008 annualised EPS of Rs 2.90, by a PE multiple of 8.10.

The company’s net sales rose 73.9% to Rs 128.39 crore in Q1 June 2008 over Q1 June 2007.

The company manufactures a wide range of petrochemicals like, ethylene, propylene, butadiene, benzene and their derivatives, polymers, rubber, chemicals and plastic products.