Saturday, August 13, 2011
Reliance Industries Ltd (RIL) may lose its tag as India’s most valued company to state-owned Coal India Ltd (CIL) for the first time in nearly a decade, due to a sharp fall in its share price in recent months.
At the end of on Friday’s trading on the Bombay Stock Exchange (BSE), heavyweight RIL’s shares closed at Rs 760.8, down 1.6 per cent, with a market cap of Rs 2.49 lakh crore. CIL’s shares closed almost flat at Rs 385.3, for a market valuation of Rs 2.43 lakh crore.
Mounting fears over the health of global economy hampered investor sentiment this week. The Sensex falls 2.69% and the Nifty slips 2.65%.
Major headlines for the week
June IIP at 8.8% versus 5.6%
Food inflation at 9.9% versus 8.04%
Tata Motors Q1 consolidated net profit at Rs2,000 crore
L&T Q1 net profit up 12%
M&M net profit rises 8% in Q1
Coal India has announced the following results for the quarter ended June 30, 2011:
The Unaudited results for the Quarter ended June 30, 2011
The net profit of the company surged by 43.30% to Rs4541.59 crore for the quarter ended June 30, 2011 as compared to Rs3169.29 crore for the quarter ended June 30, 2010.
The total income of the company increased by 44.27% to Rs4854.94 crore for the quarter ended June 30, 2011 from Rs3365.10 crore for the quarter ended June 30, 2010.
The Unaudited consolidated results for the Quarter ended June 30, 2011
The net profit of the group advanced by 64.06% to Rs4143.92 crore for the quarter ended June 30, 2011 as compared to Rs2525.88 crore for the quarter ended June 30, 2010.
The total income of the group increased by 28.29% to Rs16057.97 crore for the quarter ended June 30, 2011from Rs12516.85 crore for the quarter ended June 30, 2010.
Coal India closed at Rs385.30, down by 0.25%, with a volume of 6.84 lakh shares on the BSE.
World Bank chief Robert Zoellick warned of a "new and more dangerous" time in the global economy on Saturday, with little breathing space in most developed countries as a debt crisis hits Europe.
Zoellick said the eurozone's sovereign debt issues were more troubling than the "medium and long-term" problems which saw the United States downgraded by Standard and Poor's last week, sending global markets into panic.
No of Shares (in Lakhs)
|A2Z Maintenance and Engineering Services||17.22||127.73||266|
|Geojit BNP Paribas Financial Services||7.88||180.00||36|
|Ion Exchange (India)||6.48||8.75||12|
|Adinath Exim Resources Ltd||4.59||1.89||0|
|Agro Tech Foods||4.52||11.01||44|
|Orchid Chemicals and Pharmaceuticals||2.48||17.50||35|
|Reliance Broadcast Network||2.20||17.50||15|
|A2Z Maintenance and Engineering Services||1.89||14.00||29|
|Mcnally Bharat Engineering||1.48||4.60||6|
|Hindustan Oil Exploration Company||1.38||18.00||25|
No of Shares (in Lakhs)
|Hindustan Oil Exploration Company||1.35||17.62||25|
|Pantaloon Retail (India) - B-DVR||1.32||2.11||4|
|Hindustan Oil Exploration Company||1.27||16.60||23|
|Orchid Chemicals and Pharmaceuticals||1.06||7.50||15|