Lower cotton prices aid producers
The year 1995-96 and 1996-97 have proven to be good years for the cotton textile industry. And the credit for this goes to low cotton prices which were a direct consequence of a good cotton crop. The raw material costs for all the players using cotton declined in a range of 7-14%, providing a large enough cushion for their bottomlines.
Revathi CP: Great expectations
Against the earlier figure of roughly Rs 7-8 crore, Revathi CP's PAT estimates for the financial year 1997-98 have been revised upwards. The latest estimates are that the company will report a profit after tax of atleast Rs 10 crore. This should yield an earnings per share of Rs 31, which is equal to the EPS reported last year on the pre-bonus (1:1) equity of Rs 1.6 crore. The stock has already begun to yield a return based on these expectations.
Multi-brand strategy is Aptech's key to success
Titanic, albeit unsinkable, could be the term attributed to Aptech in the Indian software education business. Together with NIIT it enjoys a virtual duopoly in the market, both sharing equally a market share of 80 per cent between them.
Narrow banking
The concept of "narrow banking" has sometimes been seen as a sort of panacea for the ills afflicting the weaker banks. The logic on which the recommendation is based is that, since the personnel manning these banks are supposed to have only a hazy idea of what constitutes good lending, and since they are deemed to be beyond redemption, the interests of the banks will be best served by stopping these people from lending.
Little to be gained
The Securities and Exchange Board of India (Sebi) chairman has refused permission to the NSDL to expand the list of scrips where institutions are required to transact only in the demat mode. Some observers have attributed the delay to Sebi's ensuring that the demat process proceeds at a pace which gives enough time to the BSE to set up its own depository.
# HEAD_6
