The market sheds most of its initial gains on the back profit booking across the counters. Among the Sensex pack,
………………………………….
The Bankex index is trading higher by 57.39 points at 10,821.61…………………. Pushing it are Canara bank trading up by (3.91%) at Rs299.95 along with Cent BOP by (2.73%) at Rs58.25, ICICI bank by (1.96%) at Rs1163, Federal bank by (1.03%) at Rs323, Allahabad bank by (0.61%) at Rs115.10 and BOI by (0.27%) at Rs352.85…………………

The realty index is trading up by 58.40 points at 11,712.98………………….Leading the rally are Ansal Infra trading higher by (2.36%)> at Rs384 followed by Mahindra Life by (1.53%) at Rs772, DLF by (1.47%) at Rs962.70, Unitech by (1.38%) at Rs461.85, HDIL by (1.08%) at Rs964 and Parsvnath by (0.46%) at Rs385.10……………………………

In the telecommunication sector, VSNL is trading up by (9.59%) at Rs663 while Idea Cellular is trading lower by (0.76%) at Rs130 followed by Reliance Communications by (0.7%) at Rs710 and Bharti Airtel by (0.44%) at Rs907………………….

VSNL is trading firm at Rs663 up by (9.59%) as the company is constructing a $250mn worth of cable system for linking Mumbai to Paris, London and Madrid…………………. This project will be built in partnership with Seacom and telecom Egypt and this will provide VSNL a new capacity of 1.28 terabit on the route during 2009…………………………..

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Punjab Tractors Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a profit after tax of Rs 98.00 million for the quarter ended September 30, 2007 as compared to Rs 183.00 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 2273.00 million for the quarter ended September 30, 2006 to Rs 2069.00 million for the quarter ended September 30, 2007.

Hindustan Petroleum Corporation Ltd (HPCL) has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a net Stock profit of Rs 8530.30 million for the quarter ended September 30, 2007 as compared to Rs 12219.80 million for the quarter ended September 30, 2006. Total Income has increased from Rs 245060.00 million for the quarter ended September 30, 2006 to Rs 245152.00 million for the quarter ended September 30, 2007.

They are reported in batter excellent result in last quarter ended.So I am Say Stock And Stock Market price will be increased.The current Stock Market price is Rs.293 for three month target of Rs.300.

Dabur India Ltd has announced the following Audited Results for the quarter ended September 30, 2007:

The Company has posted a net Stock profit of Rs 858.10 million for the quarter ended September 30, 2007 as compared to Rs 688.10 million for the quarter ended September 30, 2006. Total Income has increased from Rs 4307.60 million for the quarter ended September 30, 2006 to Rs 4805.70 million for the quarter ended September 30, 2007.

The Consolidated Results are as follows:

The Group has posted a net Stock profit (after minority interest) of Rs 965.90 million for the quarter ended September 30, 2007 as compared to Rs 786.50 million for the quarter ended September 30, 2006. Total Income has increased from Rs 5605.40 million for the quarter ended September 30, 2006 to Rs 6333.90 million for the quarter ended September 30, 2007.
They are reported in brilliant Stock Result in last quarter ended. Buy at current market price Rs.92 for three month target of Rs.100.Stock market position is very well so I am say Stock and Stock market price will be increased.