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Thursday, August 02, 2007

India Daily Results Update


Strategy: KS-Ownership Navigator, June 2007 quarter changes (qoq)

Results
National Thermal Power Corp.: 1QFY08: Prior period revenue and forex gains explain the higher profit

MICO: 2QCY07 recurring profits grow 4% yoy

VSNL: Performance of subsidiaries improve significantly. Maintain OP

Nestle India: 1QCY07: Strong topline growth, increase estimates on higher growth; retain IL

AIA Engineering: Rupee punishment for aiming global; maintain rating and target

Rico Auto Industries: 1QFY08 net profit declines 61% despite increase in margins

Updates

Shriram Transport Finance: Used-vehicle finance drives profit growth, retain OP

Automobiles: Jul 07 sales: New launches drive passenger car volumes as 2-wheelers continue to bleed

India Daily Results Update