hcc

HCC net profit down over 46% in Q3

Quarter starting from October and ending at December recorded fall in the net profits by 46% taking the net profit to Rs 7.9 crore for Hindustan Constructions Company (HCC).

Whereas company has recorded net profit of Rs 14.7 crore; in the same quarter last year.

HCC clarify that net off last year’s foreign exchange loss of Rs 6.1 crore and Rs 2.8 crore of tax profit liability are the reasons for the fall in the net profit.

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Analyst Upgrades

  • Oppenheimer upgraded VeriSign (VRSN) to outperform from perform, citing better-than-expected domain names trends and the potential for a sizeable share buyback. The firm has a $33 price target for shares.
  • Oppenheimer also upgraded EMC (EMC) to outperform from perform, citing valuation and expectations for strong Q2 results. The firm set a $22 price target for shares.
  • Piper Jaffray upgraded Juniper (JNPR) to overweight from neutral, citing valuation and its longer-term outlook. The firm keeps a $31 price target for shares.
  • Kilroy Realty (KRC) was upgraded to neutral from underperform at BofA/Merrill.
  • Veolia Environment (VE) was upgraded to buy from add at WestLB.
  • QEP Resources (QEP) was upgraded to positive from neutral at Susquehanna.

Continue reading Analyst Calls: ALL, EMC, FCN, IRBT, JNPR, MRVL, RNOW, TRV, VRSN …

Analyst Calls: ALL, EMC, FCN, IRBT, JNPR, MRVL, RNOW, TRV, VRSN … originally appeared on BloggingStocks on Wed, 07 Jul 2010 11:20:00 EST. Please see our terms for use of feeds.

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VeriSignDomain nameJuniper NetworksMarvell Technology GroupTravelers Companies Inc

HCC (Hindustan Construction Company Ltd), India’s leading Infrastructure Construction and Development Company has informed the market that it has bagged orders worth 431 crore , the order is for EPC contract of 100MW Sainj Hydroelectric Power Project by Himachal Pradesh Power Corporation Ltd. (HPPCL), The project is a run of the river development on river [...]

HCC awarded order worth 431 crore is a post from: First Blog for Indian Financial Market

74% of stake sold by HCC to Milestone

HCC, Hindustan Construction Company has said to have sold almost 74% of its stake for a whopping Rs 575 crore to IL&FS Milestone Funds in the commercial building. It put forward the valuation of the property in the eastern suburbs of Mumbai at Rs 775 crore.

The MD and CEO of Milestone group, Ved Prakash Arya stated “The stable rental returns from such a property would be extremely attractive for its investors with reasonable yield expectations in the current volatile investment environment,”