The 30-share BSE index .BSESN closed up 3.29 percent, or 507.19 points, at 15,912.13, after falling 8.4 percent over the previous six sessions. Twenty-seven of its components gained.
The Indian markets rose sharply in today's trades
The Indian markets closed today with the biggest gains in Asia
Stocks post biggest rise in 3-½ mths after falling 6 days
Software services companies rose on expectations of bettergrowth outlook.
11.04.2009
10.26.2009
TCS Q2 2010 results
Tata Consultancy Services(TCS) India’s largest software company by revenues has announced its Q2 2010 results today.
It was really a good performance by TCS in the second quarter of 2010 fiscal.
The net profit of TCS in Q2 2010 stands at whopping Rs1,642 crores.
The net profit was by 7.1% Q-o-Q and 29.2% Y-o-Y.
The net revenues of the company in the second quarter stood at Rs 7,435 crores which was up by 3.1% Q-o-Q and 6.9% Y-o-Y.
The company has beat the street estimates by a huge margin.
CEO Mr. N.Chandrasekaran said ” TCS has delivered a sterling performance during the quarter”
The company has announced 150% of the quarterly component of the variable pay in this quarter to all the Indian employees in its payroll. TCS plans to add 8000 people to its current payroll in the coming quarter.
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It was really a good performance by TCS in the second quarter of 2010 fiscal.
The net profit of TCS in Q2 2010 stands at whopping Rs1,642 crores.
The net profit was by 7.1% Q-o-Q and 29.2% Y-o-Y.
The net revenues of the company in the second quarter stood at Rs 7,435 crores which was up by 3.1% Q-o-Q and 6.9% Y-o-Y.
The company has beat the street estimates by a huge margin.
CEO Mr. N.Chandrasekaran said ” TCS has delivered a sterling performance during the quarter”
The company has announced 150% of the quarterly component of the variable pay in this quarter to all the Indian employees in its payroll. TCS plans to add 8000 people to its current payroll in the coming quarter.
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6.17.2009
TCS down by 50%
TCS stocks went down 50% on Jun 16 !
What has caused the 5o% drop in price?
The 1:1 bonus share issue has caused this proce correction.
India's top technology outsourcer Tata Consultancy Services (TCS) announced its results for the quarter ended March 31, 2009.The net profit rose 7 percent to Rs.1333crore and the board of directors has recommended a final dividend of Rs.14 per share for FY09 and 1:1 bonus share.
This is the second bonus issue by the company since it went public five years ago. The last time that the company came out with a bonus issue was in April 2006, which was also a one-for-one issue.
Tata Consultancy Services (TCS) has fixed Jun 17 as record date for bonus issue.
Since bonus share has been declared there has to be a correction in price right?
the correction factor for ratio A:B is (A+B)/B
Since the ratio here is 1:1 it would be (1+1)/1=2.
So the stock price after bonus will be
Previous close price/ correction factor = 778.60/2 = 389.3
Hence the 50% drop!
What has caused the 5o% drop in price?
The 1:1 bonus share issue has caused this proce correction.
India's top technology outsourcer Tata Consultancy Services (TCS) announced its results for the quarter ended March 31, 2009.The net profit rose 7 percent to Rs.1333crore and the board of directors has recommended a final dividend of Rs.14 per share for FY09 and 1:1 bonus share.
This is the second bonus issue by the company since it went public five years ago. The last time that the company came out with a bonus issue was in April 2006, which was also a one-for-one issue.
Tata Consultancy Services (TCS) has fixed Jun 17 as record date for bonus issue.
Since bonus share has been declared there has to be a correction in price right?
the correction factor for ratio A:B is (A+B)/B
Since the ratio here is 1:1 it would be (1+1)/1=2.
So the stock price after bonus will be
Previous close price/ correction factor = 778.60/2 = 389.3
Hence the 50% drop!
6.02.2009
Genral Motor Bankruptcy Facts
GM Facts:
General Motors was founded in 1908 by William C. Durant.
Durant founded GM with only $2,000 in capital
First V-8 Engine (1914, a 70 horsepower engine for the Cadillac)
First room air conditioner (1929)
First barrier impact and rollover tests (1934).
First fully automatic transmission (the Hydra-Matic in 1939).
First to put turn signals as standard-equipments on its cars (1939)
First company to make $1 billion a year (in 1955)
First hydrogen fuel cell car (the 1966 Electrovan).
First Anti-lock Brake System (ABS) in 1972.
First Electronic Fuel Injection (1979)
GM's bankruptcy
GM lost $31 billion in 2008, taking its total losses to $82 billion in the past four years.
GM lost its ranking as the top global automaker by vehicle sales for the first time in 2008 when it was outsold by Toyota Motor Corp.
Lehman Brothers Holdings Inc.'s Sept. 15 bankruptcy filing is the nation's largest with $691.1 billion in assets, and it likely served as a catalyst for GM and Chrysler's downfall, as it hastened the erosion of credit markets, making it impossible for GM to borrow money
GM's bankruptcy filing is the fourth-largest in U.S. history and the largest for an industrial company. The company has $172.81 billion in debt and $82.29 billion in assets.
The government will take 60 percent ownership stake in the new GM. The Canadian government would take 12.5 percent, with the United Auto Workers getting a 17.5 percent share and unsecured bondholders receiving 10 percent.
GM shares fell as low as 27 cents their lowest price in the company's 100-year history
Existing GM shareholders are expected to be wiped out.
7.15.2008
What does one mean by ‘Lock-in’?
'Lock-in' indicates a freeze on the sale of shares for a certain period of time. SEBI guidelines have stipulated lock-in requirements on shares of promoters mainly to ensure that the promoters or main persons, who are controlling the company, shall continue to hold some minimum percentage in the company after the public issue.
What does ‘Delisting of securities’ mean?
The term 'Delisting of securities' means permanent removal of securities of a listed company from a stock exchange. As a consequence of delisting, the securities of that company would no longer be traded at that stock exchange.
What is a ‘Listing Agreement’?
At the time of listing securities of a company on a stock exchange, the company is required to enter into a listing agreement with the exchange.The listing agreement specifies the terms and conditions of listing and the disclosures that shall be made by a company on a continuous basis to the exchange.
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