Thursday, November 1, 2007

LOOK FOR TODAY THESE STOCKS

Sugar Producers, Bharat Petroleum, Essar: India Stock Preview
By Pooja Thakur and Pratik Parija
Nov. 1 (Bloomberg) -- The following stocks may rise or fall in Mumbai today. Prices refer to yesterday's close. The preview includes news that broke after markets shut. Stock symbols are in brackets after company names.
The Bombay Stock Exchange's Sensitive Index, or Sensex, rose 0.3 percent to 19,837.99. The S&P/CNX Nifty Index on the National Stock Exchange climbed 0.5 percent, to 5,900.65. Nifty futures for November delivery added 0.4 percent to 5,907.35.
Overseas funds sold a net 3.03 billion rupees ($75.2 million) of Indian shares on Oct. 30, according to the latest figures from the Securities & Exchange Board of India's Web site.
Sugar Companies: The government of India's largest cane- producing state, Uttar Pradesh, yesterday asked mills to pay cane farmers as much as 130 rupees per 100 kilograms (220 pounds). The price, unchanged from last year, matches the price companies receive for refined sugar.
Bajaj Hindusthan Ltd. (BJH IN) declined 1.3 rupees, or 0.7 percent to 184.2. Balrampur Chini Mills Ltd. (BRCM IN) slid 0.25 rupee, or 0.3 percent, to 79.95.
Bharat Petroleum Corp. (BPCL IN): The nation's third- biggest state-run refiner reported an 18 percent fall in second-quarter profit as government compensation for selling fuels at prices below cost didn't make up for the revenue lost. Net income fell to 10.38 billion rupees, the company said. Bharat Petroleum added 3.15 rupees, or 0.9 percent, to 342.85.
Essar Steel Ltd. (ESRGJ IN): India's sixth-largest steelmaker yesterday said second-quarter profit fell 1.3 percent to 1.52 billion rupees. Essar Steel slid 0.1 rupee, or 0.2 percent, to 45.80.
Larsen & Toubro Ltd. (LT IN): The nation's biggest engineering company may win a 10 billion-rupee contract from Indian Railways, the Mint newspaper reported, citing a railway ministry official it didn't identify. Larsen dropped 78.45 rupees, or 1.8 percent, to 4,244.55.
Neyveli Lignite Corp. (NLC IN): The Indian miner and power producer said yesterday profit in the quarter ended Sept. 30 rose 41 percent to 2.31 billion rupees. Neyveli rose 6.55 rupees, or 4.9 percent, to 140.05.
Patni Computer Systems Ltd. (PATNI IN): The software developer's planned stake sale has been canceled, television channel CNBC-TV18 reported, citing unidentified people.
The founders are close to selling part of their stake in Patni to Texas Pacific Group and Apax Partners Worldwide LLC, the Business Standard newspaper reported in August, without saying where it got the information. Patni fell 24.1 rupees, or 5.6 percent, to 404.80.
Punj Lloyd Ltd. (PUNJ IN): The Indian engineering and construction company said second-quarter profit surged 40 times to 313.7 million rupees in the three months to Sept. 30, from 7.8 million rupees in the same quarter a year earlier, the company said. Punj slid 3.05 rupees, or 0.7 percent, to 468.85.
Power Grid Corp. (PWGR IN): India's biggest power transmission company said yesterday it earned a profit of 3.71 billion rupees in the second-quarter. Revenue was 10.34 billion rupees. The company didn't give the year earlier numbers. Power Grid added 3.15 rupees, or 2.2 percent, to 149.75.

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