Aditya Birla Nuvo Ltd has posted a net profit of Rs 806.50 million for the quarter ended December 31, 2009 as compared to Rs 41.10 million for the quarter ended December 31, 2008. Total Income has increased from Rs 12130.70 million for the quarter ended December 31, 2008 to Rs 12684.10 million for the quarter ended December 31, 2009.

GMR Infrastructure

GMR Infrastructure Ltd has posted a net profit after tax of Rs 18.40 million for the quarter ended December 31, 2009 as compared to Rs 222.70 million for the quarter ended December 31, 2008. Total Income has increased from Rs 373.30 million for the quarter ended December 31, 2008 to Rs 517.80 million for the quarter ended December 31, 2009.

SREI Infrastructure

SREI Infrastructure Finance Ltd has informed that, in an all-cash deal a consortium led by the Company in an auction has emerged as the highest bidder to acquire 57.17% stake in DPSC Ltd. from Andrew Yule and Company Ltd., Life Insurance Corporation of India and United India Insurance Company Ltd. Andrew Yule and its subsidiaries own 15.20% in DPSC, while LIC and UII own 30.61% and 11.36%, respectively.

McNally Bharat

McNally Bharat Engineering Company Ltd has informed that McNally Bharat Infrastructure Ltd, a 100% subsidiary of the Company has signed a Memorandum of Understanding with the Promoters of Buildmet Ltd. for buying the 100% equity share capital of the said Buildmet Ltd. held by the Promoters at a value of Rs. 37 Crores.

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* Advances – 467 Shares

* Declines – 712 Shares

So the BSE Sensex did end in green but there were more stocks that went down then the stocks that went up. This clearly shows that there is no commitment or confidence in the market.

However, due to global rally and the rate cuts a rally is very much on the cards and short covering will might make the rally look even better.

‘A’ Group Stocks Touching New 52 Week Lows

* ABB

* Aditya Birla Nuvo

* Allahabad Bank

* Chennai Petro

* Dr. Reddy’s Labs

* Exide Industries

* HDFC Bank

* ICICI Bank

It would be important and beneficial to take special note of banking stocks as these stocks might have some short term bounce back as mentioned earlier as well.

ALSO READ : Financial Technologies – Multibagger

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