July Print Edition Preview : Fourth Edition for July

This July, as the Indian Stock Markets witness high voumes and higher
Price to Earnings Ratio, our team finds the best picks for you. BSE

India Gets First Female President

New Delhi: Pratibha PatilUPA-Left candidate Pratibha Patil won the presidential election

ICICI Bank Net Jumps 25% On Strong Investment Banking

ICICI BankICICI Bank registered 25% growth in net profit to Rs 7,750.80 million for the first quarter ended June 2007 as against Rs 6,200.1 million in the same quarter of the last year (2006).

The operating income of the India’s biggest private sector lender ascended 50.16% to Rs 75,661.30 million for the quarter from Rs 50,386.30 million in the corresponding quarter, last year.

In comparison, total income for the same period also climbed 46.94% to Rs 92,814.20 million from Rs 63,161.9 million. The earnings per share (EPS) for the same period arose 23.7% to Rs 8.61.

Cipla Q1 Profit higher by 29.73%

CiplaMumbai: Drug manufacturer Cipla posted a 29.73 percent enhancement in its net earnings at Rs 119.76 crore for the quarter ended June 30 as against Rs 170.43 crore for the same period of the last year.

The company’s total income (net of excise) augmented 4.34 per cent to Rs 920.37 crore for the June quarter against Rs 882.05 crore for the quarter ended June 30, 2006.

At the board meeting, the company’s directors also recommended a dividend of Rs 2 per equity share for the year 2006-2007 amounting to Rs 155.46 crore.

Shares of Cipla last traded at Rs 200.90, down 2.21 per cent on the BSE.

Williams Eyes Travel To Red Planet

Sunita WilliamsNew Delhi: Now Indian-American astronaut Sunita Williams has set her eyes on the Red Planet ‘Mars.’

Sunita, who came back to earth on June 22 after spending 195 days at the International Space Station told that she would love to fly to Mars, if not the moon.

“I would love to go to Mars ... just because it is a different planet,” she told through a videoconference from Houston.

India Desperate To Get Into Russian Construction Business

Moscow: India is desperate to get into the profitable construction business, chiefly to build up world-class hotels, in Russia’s Black Sea resort city of Sochi that will host 2014 Winter Olympics.

Indian ambassador Kanwal Sibal allged, “Ahead of the winter Olympics in Sochi we are keen to build world class hotels here and would like to pick local contacts for this.”

Mr. Sibal was speaking at a business gathering during his visit to the Krasnodar Territory in south Russia, which is also called the country’s breadbasket and seaside resort land.

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News in Focus

Bharat Electronics Share Price Target at Rs 530: ICICI Securities

Bharat Electronics Limited (BEL), backed by a strong recommendation from ICICI Securities, emerges as a compelling BUY candidate with a target price of Rs 530, implying a potential upside of 26% fr

Arvind Fashions Share Price Target at Rs 650: Motilal Oswal Research

Motilal Oswal Financial Services has reiterated a BUY call on Arvind Fashions, setting a target price of Rs 650, implying a robust upside of nearly 48% from the current market pric

Hyundai Motor India Share Price Target at Rs 2,150: ICICI Securities

Hyundai Motor India enters coverage with a BUY recommendation from ICICI Securities, backed by a target price of Rs 2,150, implying an upside potential of roughly 21% from the current market price

Kajaria Ceramics Share Price Could Reach Rs 1,147: Prabhudas Lilladher Research

Prabhudas Lilladher has issued a BUY recommendation on Kajaria Ceramics with a revised target price of Rs1,147, implying meaningful upside from the current market price of Rs 920.

Ashok Leyland Share Price Target at Rs 185: Motilal Oswal Research

Motilal Oswal Financial Services has reiterated a BUY call on Ashok Leyland with a target price of Rs 185, implying a potential upside of approximately 24% from current levels.

Aurionpro Solutions Share Price Could Reach Rs 1,352: Ventura Securities

Aurionpro Solutions is undergoing a structural transformation from a traditional IT services provider into a scalable, IP-led fintech and technology powerhouse.