Buzzing Stocks

3i Infotech Q2 net profit grows 85.29%

3i Infotech 3i Infotech, a global Information Technology company, has registered 85.29 growth in its net profit to Rs 90.46 crore for the quarter ended March 31. The company had a net profit of Rs 48.82 crore in the same quarter ended March 2008.

Further, the company's net sales also rose to Rs 606.76 crore in the quarter, up by 73.25% from Rs 349.86 crore in the previous year-ago quarter. Apart from the announcement of results, 3i Infotech Ltd has recommended an equity dividend of Rs 1.50 per share having face value of Rs 10/- each.

Buy Bajaj Hindusthan

Buy Bajaj Hindusthan Stock analysts have maintained ‘Buy’ rating on Bajaj Hindustan Ltd stock to achieve an intra-day target of Rs 83 on Monday.

According to them, interested day traders can buy the stock above Rs 77 with a stop loss below Rs 74.50.

Shares of the company, on Friday (April 24), closed at Rs 75 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 250.75 and a low of Rs 38.25 on BSE.

So buy it, it will prove that it’s definitely a strategic stock.

Pantaloon Retail registers 7% growth in Q3 Net profit

Pantaloon Retail registers 7% growth in Q3 Net profitPantaloon Retail (India), the country’s biggest publicly traded supermarket operator, informed that its net profit has surged by 7.07 per cent to Rs 34.37 crore for the quarter ended March 31, 2009.

The company declared results for third quarter, because its financial year ends on June 30.

In a filing to the Bombay Stock Exchange, Pantaloon said that it had a net profit of Rs 32.10 crore in the same quarter ended March 2008.

GlaxoSmithKline Q4 net profit soars 50%

GlaxoSmithKline Q4 net profit soars 50%Despite an economic slowdown, G

HCC Q4 net profit soars 94%; declares dividend @ 80%

HCC Q4 net profit soars 94%; declares dividend @ 80% Despite a difficult economic year, HCC, the engineering construction and infrastructure development company, has reported net profit of Rs 51.4 crore for the quarter ended March, 31,2009 compared with Rs 26.41 crore in the corresponding previous quarter.

The company has registered a growth of 94.47 per cent in its fourth quarter's net profit.

However, company's net sales during the quarter dipped to Rs 1,049.86 crore from Rs 1,071.73 crore last year, down by 2.04 per cent.

Corporation Bank Q4 net profit jumps 26%; declares dividend of Rs 8 each share

Corporation BankPublic sector lender Corporation Bank on Friday reported a 26.18% surge in its net profit at Rs 260.49 crore for the fourth quarter ender March 31.

The lender had a net profit of Rs 206.43 crore in the March quarter last financial year.

During the fourth quarter of FY’09, the total income of the bank grew to Rs 2,199.64 crore from Rs 1,464.74 crore in the same quarter previous year.

For the financial year ended March 31, Corporation Bank reported a net profit of Rs 892.76 crore, down 21.46 per cent over the year-ago period. The bank had a net profit of Rs 734.98 crore in FY'08.

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