After opening unenthusiastically at 15,066.71, the stock market is trading flat in the morning trades.

On the other hand, Asian markets also opened negatively as the US subprime lender Aegis Mortgage filed for bankruptcy, activating worries of credit situations of higher risk mortgages.

In early trading (10:05 am), TVS Electronics is quoting at Rs 47.45, up Rs 2.25. The stock price touched an intraday high of Rs 47.45 and an intraday low of Rs 47.25.

The company’s board has also approved transfer of 35.85% stake in TVS Finance to holding co. TVS Investment for Rs 14.84 cr. They struck down preferential apportioning of 36 lakh warrants exchangeable into equity at RS 48.50/sh to TVS Investment.

Surana Corporation has registered a significant jump in net profit for the quarter ended June 2007. The company declared a 49.07% profit growth to Rs 54.23 million from Rs 36.38 million in the corresponding period of the last year (2006).

The quarterly sales of the company slumped 38.35% to Rs 3,988.73 million as compared with the corresponding quarter, a year ago.

Operating margins augmented to 1.52% in the same quarter, which showed an increase of 26.50 basis points as against its previous quarter, a year ago.

In afternoon trading (3:06 pm), Alembic is hovering near Rs 68.80, up R

At its board meeting, Aegis Logistics directors of Aegis Logistics