Company Updates

ETC Networks Scales New Peak

ETC Networks Ltd.Today, ETC Networks has touched its 52-week high of Rs 123.90.

Pratibha Industries Bags Order, Stock Climbs 4%

Pratibha Industries Ltd.

Nagarjuna Fertilisers Hits 52-Week High

Nagarjuna Fertilisers and ChemicalsNagarjuna Fertilisers and Chemicals touched a 52-week high of Rs 29.25. In afternoon trading, the share is hovering near Rs 29, up Rs 1.85, or 6.84%.

The trading volume of the scrip stood at 12,914,622 shares. Yesterday the share closed up 3.44% at Rs 27.05.

SBI To Raise $44 b In 5 Yrs

Mumbai: State Bank of India Stock ChartAccording to the sources, State Bank

TVS Electronics Advances Further

TVS ElectronicsIn 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 Corp. Net Up 49% In Q1

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.

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