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The bleeding continues in the benchmark indices - the Nifty broke 2750 level and the Sensex is just managing to stand above 9000 mark. Metal, Realty, Bankex, Power, Capital Goods and Oil & Gas indices plunged 3.8-5.8%.
Indian Stock Market
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Net profit of Hindustan Copper declined 65.24% to Rs 18.40 crore in the quarter ended September 2008 as against Rs 52.94 crore during the previous quarter ended September 2007. Sales rose 1.98% to Rs 335.19 crore in the quarter ended September 2008 as against Rs 328.69 crore during the previous quarter ended September 2007.
Indian Stock Market
Mukat Pipes has accepted the resignation of Amrik Singh Grewal, additional director with effect from 30 September 2008.
The company made this announcement during the trading hours today, 19 November 2008.
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The members of Gallantt Metal have accorded the board to offer, issue and allot 5000000 equity shares of the company on preferential basis to Elara India Opportunities Fund.
The members have decided to increase the authorised share capital of the company from Rs 80,00,00,000 divided into 8,00,00,000 equity shares of Rs 10 each to Rs 83,00,00,000 divided into 8,30,00,000 equity shares of Rs 10 each.
This was decided at the extraordinary general meeting held on 12 November 2008.
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