Thursday, August 8, 2013

MARKET BUZZZ 08TH AUG 2013

SHREE GANESHAY NAMAH !!

Nifty Weekly Range For The Week 05th Aug To 08th Aug 5545 -- 5815 ! Either Side Sustaining Will Give 96 Points More, High 5721, Low 5486.85, Closed 5565.65.
Stock Updates
Volumes jump at Page Industries counter, Gitanjali Gems, MCX, Bharat Forge and Ranbaxy Laboratories are among the other stocks to see a surge in volumes on BSE today, 8 August 2013.
Page Industries clocked volume of 44,200 shares on BSE, a 71.99-times surge over two-week average daily volume of 275 shares.
Gitanjali Gems notched up volume of 34.36 lakh shares, a 47.53-fold surge over two-week average daily volume of 72,000 shares. The stock hit a lower circuit limit of 4.96% to Rs 59.45. The company unveils Q1 results on 14 August 2013.
MCX saw volume of 20.14 lakh shares, a 25.90-fold surge over two-week average daily volume of 59,000 shares. 
Bharat Forge clocked volume of 4.16 lakh shares, a 12.64-fold surge over two-week average daily volume of 20,000 shares. The stock surged to Rs 231.20 after net profit surged 80.8% to Rs 90.60 crore on 17.3% increase in total revenues to Rs 791.50 crore in Q1 June 2013 over Q4 March 2013. The company announced the results before trading hours today, 8 August 2013. Earnings before interest, taxes, depreciation and amortization (EBITDA) jumped 28.5% to Rs 196 crore in Q1 June 2013 over Q4 March 2013. EBITDA margin increased to 24.8% in Q1 June 2013 compared with 22.6% in Q4 March 2013.
Ranbaxy Laboratories saw volume of 30.98 lakh shares, a 4.21-fold rise over two-week average daily volume of 2.30 lakh shares. The stock surged to Rs 359.40 after the company reported improved Q2 results after trading hours on Wednesday, 7 August 2013. The company reported consolidated net loss of Rs 524.24 crore for Q2 June 2013, lower than net loss of Rs 585.72 crore in Q2 June 2012. Sales declined 17.83% to Rs 2633.20 crore in Q2 June 2013 over Q2 June 2012. Ranbaxy said that base business sales registered double digit growth and base business margins continued to improve in Q2 June 2013.
courtesy : capital market