Dalal Street

Crompton Greaves recommended issue of Bonus shares in the proportion of 2 new equity shares for every 5 equity shares, of Rs 2/- each, subject to approval of members in General Meeting and the Regulatory Authorities, as necessary.

The Extra Ordinary General Meeting of the Company, to seek members approval has been convened on November 23, 2006.

Infosys announced its second quarter results for FY-2007.

Q2 revenues sequentially up by 14.5% QoQ. Total revenues expected to cross $3 Billion in fiscal 2007. Guidance revised upwards. Company to grow at 45%.

The company reported revenues of Rs3,451 crores and a net profit of Rs930 crores for the second quarter ending Sept-30-2006.

Indian Stocks, Infosys Results , Indian Q2 Earnings , Dalal Street

Sintex Industries Limited, manufacturers of storage tanks have came out with excellent Q2 results. Sales increased by 50% from 178 crores to 254 crores year over year from sep 2005 to 2006. Net profit increased by 90% comparing Q2 2006 to Q2 2007. Sintex Industries Q2 consolidated net profit is at Rs 30.9 crore.

FII, Warburg Pincus holds significant investment in Sintex Industries Limited. They first invested in February-2005.