At its meeting held Aug. 14, 2007, the board directors of Akar Tools have sanctioned a dividend of 15% or Rs 1.50 a share of Rs 10 each for the fiscal 2006-07.

Akar Tools declared a fantastic jump in its quarterly net profit for June 2007. The company’s income boosted 2.18 times, to Rs 9.09 million, from Rs 4.17 million in the same period of the last year.

Chennai: For the year ended June 30, 2007, HCL Technologies ha posted a net profit

In afternoon trading, Lanco Infratech climbed up 4.6% to Rs 284.10, broadening its

Tyre manufacturer CEAT ascended 2.23% to Rs 169.75 on reports that it is ready to transfer its Mumbai plant to Patalganga near Thane to save on duty and costs.

The small-cap security touched an intraday high of Rs 178 and an intraday low of Rs 169.15 during the day. On BSE, there were 74,393 shares for trading on the counter.

Technical Analyst, Ashwani Gujral is of the vision that Ambuja Cement has target of Rs 155.

Gujral said, “Ambuja Cement at this point probably looks a little better although large cap cement is not showing the kind of moves that mid cap cement is showing. For Ambuja Cement Rs 130 seems to be a good support, and Rs 155 can be a good target. But large caps don’t seem like they are going to make new highs, they seem to get stuck and some bad news tends to come whenever they retest their previous highs.”