The Infy-nite- support.....

The one of the promoters of POLARIS-Orbitech sold close to 23.88 lakh shares in the said company. I earlier mentioned about the leads given by Reliance.
In SASKEN communications, the Nortel Networks reduced the holding by selling 2.68 lakh shares but still holding 7.20 percent. In BSEL Infrastructure reality limited, 500000 shares were sold by Total Bizcon solution ltd to reduce its stake by 50% to 0.605
In a press release PunjLloyd announced that it received a power plant construction order for Rs 947 crores and the total orders at hand are more than Rs 28,300 crores as of Sep-09.

The Infosys results cheered the house and given thumps up support by 3.5% rise in the stock price. The quarterly results are good under difficult recession period, but the concern is sales has declined, the selling cost is increasing and the other income increased by 5 times and tax expenses almost doubled when compared to last year. The rupee is strengthening will impact on the margins considerably in coming quarters, unless the operational efficiencies improved along with sales will dent in the net profit can change the valuations. The early signs of the bellwether made a rat race in the remaining IT stocks.
The IT company MASTEK is also failed to improve the operational profits, reduced from 22crores to 7.9 and the sales down by more than 30% when compared to a year back.

The auto sector is in zoom speed, the Bajaj Auto produced excellent results sales increased from 2004 cr to 3165 cr and net profit increased from 164 cr to 475 cr.

The early trends of sugar company profits are rocketing in line with the per Kg domestic price rise.