OnlineEquityCalls.com

Davos, Switzerland: India’s No. 3 software services exporter, Wipro Ltd, expects demand for new software and systems to stagnate for up to two years as a result of the global economic slowdown, a top executive said on Saturday.

NEW DELHI: The country’s second largest realty firm, Unitech Ltd, on Saturday reported a 74.12 per cent fall in its consolidated net profit at Rs
136.05 crore for the quarter ended December 31, 2008, compared to Rs 525.78 crore in the year-ago period.

Net profit of Bharati Shipyard rose 19.18% to Rs 31.81 crore in the quarter ended December 2008 as against Rs 26.69 crore during the previous quarter ended December 2007. Sales rose 44.65% to Rs 254.90 crore in the quarter ended December 2008 as against Rs 176.22 crore during the previous quarter ended December 2007.

PROFIT SURE TIPS FOR 02nd-February-2009

SHORT TATA MOTORS (149.65) WITH STOP LOSS 152.55/- TARGET 142.35/-

SHORT ESSAR OIL (73.90) WITH STOP LOSS 75.10/- TARGET 70.15/-

BUY SPICE TELE (45.85) WITH STOP LOSS 44.90/- TARGET 49.40/-

Devesh Kumar, Centrum Broking: Investors are risk averse due to the global slowdown and we expect volumes to remain low. The market is likely to be range bound on lack of fresh triggers. I expect Sensex to be ranged between 8,500-10,000 for the next 6 months.

Technical Analyst, Mitesh Thacker is of the view that above Rs 1330-1340, Reliance Industries can touch Rs 1450.

Technical Analyst, Mitesh Thacker is of the view that Shree Renuka Sugars has target of Rs 95-100.

Technical Analyst, Mitesh Thacker is of the view that Jaiprakash Associates is looking technically strong and has target of Rs 85.

Sun Pharmaceutical Industries has declared its third quarter results. The consolidated net sales were at Rs 918.27 crore versus Rs 803.97 crore on YoY basis. Its consolidated net profit was at Rs 408.64 crore versus Rs 336.47 crore on YoY basis.

Ispat Industries has announced its third quarter results. The company’s Q3 standalone net loss at Rs 651.7 crore versus net loss of Rs 26.7 crore, QoQ.

Its standalone net sales were at Rs 1,101.5 crore versus Rs 3,199.7 crore, QoQ.

Lanco Infratech has announced its third quarter results. The company’s Q3 consolidated net sales were up at Rs 1,300.11 crore versus Rs 778.15 crore, YoY.

Its consolidated net profit was down at Rs 79.88 crore versus Rs 120.22 crore, YoY.

In the RIL-RNRL case, the Bombay High Court has lifted the interim order on sale of KG D6 gas till the final judgment is passed. RIL will be allowed to sell gas in the interim period at USD 4.2 per million British thermal unit (mmBtu). The judgement is expected by mid March.