Alstom Projects India plunges on poor Q2 numbers

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ACQUISITION TO BE INCREMENTALLY POSITIVE FOR RELIANCE INDUSTRIES
UNLIKELY TO SEE SHARP CORRECTION IN MARKETS, NOT POSITIVE ON REALTY SPACE
IMPORTS & EXPORTS TO BE USED TO KEEP SUGAR PRICES RANGE BOUND
NEED A LONGER TERM PRICE OBJECTIVE FOR CROPS LIKE SUGARCANE
RIL TO GET CHEAP FEEDSTOCK VIA LYONDELL BASELL ACQUISITION
RIL TO GET CHEAP FEEDSTOCK VIA LYONDELLBASELL ACQUISITION
RIL IN A MUCH STRONGER POSITION THAN COMPETITORS FOR THIS ACQUISITION
RIL WILL GET CHEAP FEEDSTOCK BY THIS ACQUISITION
MARKET DIVIDED OVER FED'S DIRECTION IN TERMS OF INTEREST RATES
INDIAN ECONOMY LOOKING A LOT BETTER THAN OTHERS
HANG SENG UP 0.56%; NIKKEI DOWN 0.54%; KOSPI DOWN 0.17%
ACQUISITION TO GIVE RIL BARGAINING POWER IN PROCUREMENT & SALES
JAPANESE MARKET SHUT TODAY ON ACCOUNT OF THANKS GIVING
RIL'S INTEREST DOESN'T COMMIT MUCH NOW BUT GETS RIL A FOOT IN THE DOOR
NYMEX CRUDE AT $78/BBL ON TENSIONS BETWEEN IRAN & WESTERN NATIONS
HDIL LOSES 1.5%, ADDS 9 LAKH SHARES IN OPEN INTEREST
NTPC GAINS 1.1%, ADDS 12.7 LAKH SHARES IN OPEN INTEREST
BHARTI LOSES 1.5%, ADDS 14.7 LAKH SHARES IN OPEN INTEREST
DENA BANK GAINS 13.7%, ADDS 45.9 LAKH SHARES IN OPEN INTEREST
NIFTY NOVEMBER FUTURES SHED 14.5 LAKH SHARES IN OPEN INTEREST
NIFTY PREMIUM OF 13.8 POINTS VS A DISCOUNT OF 2.4 POINTS ON THURSDAY
NIFTY ROLLOVERS STOOD AT 26.7%
NIFTY NOVEMBER PUT-CALL RATIO AT 1.83 VS 1.58 ON THURSDAY
FOREIGN FUNDS NET SELL RS.463.89 CR IN EQUITIES ON NOVEMBER 20 (PROV)
MUTUAL FUNDS NET SELL RS.176.7 CR IN EQUITIES ON NOVEMBER 19
DII'S NET BUY RS.18.46 CR IN EQUITIES ON NOVEMBER 20 (PROV)
TO ENTER INTO CUSTOMIZED MOTOR CYCLE BIZ VIA PRO-BIKING SHOWROOMS
TO EXPAND PANTNAGAR CAPACITY TO 70,000 UNITS IN NEXT FEW MONTHS
AKER IS A NORWEGIAN SERVICE PROVIDER CO FOR OIL AND GAS OPERATIONS
AKER SOLUTIONS TO PROVIDE SUPPORT SERVICES IN KG BASIN

Updated: 30/10/2009 | 12:00 AM IST

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Capital Market

Friday, October 30, 2009 (New Delhi)

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Meanwhile, the BSE Sensex was down 156.95 points, or 0.98%, to 15,895.77.

On BSE, 1.13 lakh shares were traded in the counter as against an average daily volume of 77,503 shares in the past one quarter.

The stock hit a high of Rs 562.80 and a low of Rs 518.10 so far during the day. The stock had hit a 52-week high of Rs 610 on 21 October 2009 and a 52-week low of Rs 205 on 20 November 2008.

The stock has fallen 7.86% in four trading sessions from a recent high of Rs 569.85 on 26 October 2009.

The mid-cap stock had outperformed the market over the past one month till 29 October 2009, rising 0.16% as compared to the Sensex's 4.75% fall. It had also outperformed the market in the past one quarter, rising 6.17% as compared to the Sensex's return of 5.79%.

The company's equity capital is Rs 67.02 crore. Face value per share is Rs 10.

The current price of Rs 525.05 discounts the company's Q1 June 2009 annualized EPS of Rs 21.93, by a PE multiple of 23.94.

Alstom Projects India's total income fell 16.38% to Rs 497.81 crore in Q2 September 2009 over Q2 September 2008. The company declared its results during trading hours today, 30 October 2008.

A consortium led by Alstom Projects India had in September 2009 singed a contract with Bangalore Metro Rail Corporation (BMRCL) for installing modern signaling system for two corridor lines of the new Bangalore metro system in India.

Alstom Projects India is engaged in the business of design, engineering, manufacturing, procurement, supply, commissioning, servicing and renovation & modernization of power plants for utility and industrial users. It is also engaged in the development and supply of air pollution control systems, equipment for pollution control and conservation of energy.

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