Wednesday, June 25, 2008

Stocks to watch today

Following companies are likely to hog the limelight today (June 26).The Maharashtra state government has decided to construct the Rs 60 billion Nhava-Sewri sea link project on its own, rejecting the bids placed by Mukesh Ambani-led RIL. Shares of RIL gained Rs 69.15, or 3.35%, to end at Rs 2135.35**. More...Tech Mahindra entered into a multi-million dollar deal with Telecom Fiji. Shares of the company declined Rs 9.2, or 1.22%, end at Rs 747.65**. More...National Thermal Power Corporation (NTPC) received approval from Uttar Pradesh government to set up a 4,000 megawatt power plant in Lalitpur district of the state. Shares of the company closed up Rs 1.6, or 1.03%, at Rs 157.3**. More...Hindustan National Glass & Industries reported a phenomenal rise in its standalone net profit for the fourth quarter ended March 2008. During the quarter, the profit of the company soared 7.20 times to Rs 788.70 million from Rs 109.50 million in the same quarter, last year. Shares of the company gained Rs 33.55, or 5.91%, to settle at Rs 600.95**. More...HBL Power Systems announced a phenomenal rise in its standalone net profit for the fourth quarter ended March 2008. During the quarter, the profit of the company jumped 2.06 times to Rs 225.30 million from Rs 109.40 million in the same quarter, last year. Shares of the company declined Rs 7.1, or 2.84%, to settle at Rs 243.2**. More...DCM Shriram Industries swung to profit for the fourth quarter ended March 2008, helped by improved operating margin. During the quarter, the company reported profit of Rs 59.50 million compared with a loss of Rs 93.30 million in the same quarter, last year. Shares of the company declined Rs 2.15, or 2.21%, to settle at Rs 95**.

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