Gears surged 12.46% to Rs 75.90 at 10:45 IST on BSE on reports Suzlon Energy, through its Belgium-based unit, is planning to buy a substantial stake in the company.
Shares of Suzlon Energy were down 1.72% at Rs 237.75.
Meanwhile, the BSE Sensex was down 100.20 points, or 0.66%, at 15017.19.
On BSE, 3.06 lakh shares were traded in the Shanthi Gears counter. The scrip had an average daily volume of 22,831 shares in the past one quarter.
The stock hit a high of Rs 80.85 and a low of Rs 71 so far during the day. The stock had a 52-week high of Rs 114.90 on 4 January 2008 and a 52-week low of Rs 48.05 on 24 March 2008.
The scrip had underperformed the market over the past one month till 7 August 2008, rising 6.65% compared to the Sensex’s 11.76% gain. It had, however, outperformed the market in the past one quarter, rising 3.61% compared to Sensex’s 12.82% fall.
The small-cap industrial gearbox maker has an equity capital of Rs 8.17 crore. Face value per share is Rs 1.
The current price of Rs 75.90 discounts its Q1 June 2008 annualised EPS of Rs 5.46, by a PE multiple of 13.90.
According to reports, Belgium-based Hansen Transmissions International NV, owned by Pune-based Suzlon Energy, is planing to buy between 50% and 100% of Shanthi Gears at around a 30% premium to the market price.
If the deal goes through, Hansen will have to make an open offer for additional 20% of Shanthi Gears in keeping with Indian laws, the reports suggested.
The net profit of Shanthi Gears rose 13.2% to Rs 11.17 crore on a 13.5% rise in sales to Rs 60.28 crore in Q1 June 2008 over Q1 June 2007.
Shanthi Gears manufactures and distributes gear boxes, gear wheels, geared motors, drafting units and conversion brackets. The company also distributes spares and complete sets of head stock gearing end conversions, coilers and related accessories and spare parts.
South China car maker to raise production capacity
FAW Haima Automobile Co. Ltd., a car maker in south China's Hainan Province, on Saturday began construction of a third factory.
The factory will double the company's annual production capacity of 150,000 cars, said Jing Zhu, chairman of the board of Haima Investment Group Shareholding Co. Ltd, parent company of FAW Haima Automobile Co. Ltd.
Covering an area of 55.3 hectares, the factory will make products including 150,000 cars and 200,000 sets of gearboxes annually upon completion in 2010.
It is estimated the fixed asset investment for the new factory alone will top 1.5 billion yuan (about 214 million US dollars), but the factory can lead to formation of an automotive industry chain featuring the creation of 30 billion yuan in industrial output value and three billion yuan in pre-tax profits, plus 5,000new jobs, according to Jing.
"This new factory will specialize in making A-class sedans," said Jing.
FAW Haima automobile, with a history of two decades and two factories with a combined production capacity of 150,000 cars, formerly cooperated with Mazda of Japan from 1990 to 2006. It now mainly produces passenger vehicles of medium grade.
The company, with headquarters in Haikou, the provincial capital of Hainan, sold 131,000 cars last year, up 62 percent from2006, and is hoping to sell 180,000 cars this year.
The factory will double the company's annual production capacity of 150,000 cars, said Jing Zhu, chairman of the board of Haima Investment Group Shareholding Co. Ltd, parent company of FAW Haima Automobile Co. Ltd.
Covering an area of 55.3 hectares, the factory will make products including 150,000 cars and 200,000 sets of gearboxes annually upon completion in 2010.
It is estimated the fixed asset investment for the new factory alone will top 1.5 billion yuan (about 214 million US dollars), but the factory can lead to formation of an automotive industry chain featuring the creation of 30 billion yuan in industrial output value and three billion yuan in pre-tax profits, plus 5,000new jobs, according to Jing.
"This new factory will specialize in making A-class sedans," said Jing.
FAW Haima automobile, with a history of two decades and two factories with a combined production capacity of 150,000 cars, formerly cooperated with Mazda of Japan from 1990 to 2006. It now mainly produces passenger vehicles of medium grade.
The company, with headquarters in Haikou, the provincial capital of Hainan, sold 131,000 cars last year, up 62 percent from2006, and is hoping to sell 180,000 cars this year.
Businesses can still tackle summer tasks
The last few weeks of summer can be a useful time for small business owners whose companies are going through a slow period - they have a chance to tackle some of those tasks they have been putting off.
Some owners use summer downtime for big projects like writing an employee handbook, while others cross off more mundane items from their to-do lists, such as entering that pile of receipts into their accounting software.
It's probably safe to say that if you haven't done your strategic planning for the rest of 2008, that should be your priority. For example, what changes do you want to make to your products or services? How do you want to adjust your marketing program? What do you need to do to meet customer expectations that may well be changing in a more difficult business climate?
''Summer is a good time to get all this stuff done, in preparation for the fall,'' said Nancy Shenker, who owns theOnswitch, a marketing firm based in Thornwood, N.Y. ''A mistake so many business people make is they wait until Sept. 1 to really gear up. They're really short-shifting themselves.''
Among the items on Shenker's summer list: developing a new business strategy for her firm and analyzing her financial statements and creating a forecast for the fall. She also assessed her staffing needs, wrote some articles and finished her company's employee handbook. And caught up on some reading.
Some owners use summer downtime for big projects like writing an employee handbook, while others cross off more mundane items from their to-do lists, such as entering that pile of receipts into their accounting software.
It's probably safe to say that if you haven't done your strategic planning for the rest of 2008, that should be your priority. For example, what changes do you want to make to your products or services? How do you want to adjust your marketing program? What do you need to do to meet customer expectations that may well be changing in a more difficult business climate?
''Summer is a good time to get all this stuff done, in preparation for the fall,'' said Nancy Shenker, who owns theOnswitch, a marketing firm based in Thornwood, N.Y. ''A mistake so many business people make is they wait until Sept. 1 to really gear up. They're really short-shifting themselves.''
Among the items on Shenker's summer list: developing a new business strategy for her firm and analyzing her financial statements and creating a forecast for the fall. She also assessed her staffing needs, wrote some articles and finished her company's employee handbook. And caught up on some reading.
Anti-tobacco hysteria kills free choice
Strange times! When folks we hardly know get to rule our lives, well, they do. Every new regime eagerly enacts more laws while rarely repealing old ones. In the bargain, those with delegated authority inevitably stack on more regulations, more ordinances, more rules, and more bylaws too. And to top it off, various lobby groups push for legislation suiting their own ideological slant or self-interest. As the years roll on, and more and more rights are extinguished, more personal liberties trashed, little by little we become surrogates for the worldviews of others.
Speaking of others, they’ve surfaced in Rodrigues. Of late, anti-tobacco lobbyists are pressing for a blanket ban on all tobacco-growing on the island. Or more precisely, they want a right possessed and exercised by people throughout recorded human history, taken away from hand-to-mouth dirt farmers. Lobbyists reckon tobacco damages health, and growing it on their doorstep only encourages Rodriguans to smoke. Another contention is that contact with wet tobacco causes dermal absorption of nicotine, leading to nausea, malaise, dizziness, abdominal cramps, respiratory complications and cardiac problems. What's more, citing overseas studies, lobbyists claim that organophosphate based pesticides used in tobacco cultivation trigger depression and suicide in those exposed to them.
Let’s see. More often than not, heavy long-term smoking kills. No fancy arguments from me. It’s bad. It’s 2008. We know. What, did any of the Rodriguan clan say smoking was good for them? Hmm. Incidentally, heavy long-term consumption of junk food, salt, or grog brings on the eternal cold too. Will our crusading idéologues also picket fast-food outlets and rally to outlaw rum, phoenix beer, and salt?
Let’s zoom in on a few realities. Once harvested, tobacco is dried and cured, then sold and shipped to Mauritius. As there are no tobacco factories in Rodrigues, all cigarettes must be imported. Not exactly on our doorstep, is it? Granted, a handful of older Rodriguans still smoke chopped-up dried tobacco leaves, locally known as gro taba. But besides its choking, harsh aftertaste, gro taba is looked upon as the smoke of the underclass and, for that reason, would-be movers-and-shakers and young go-getters just don’t go near the stuff. Hardly tobacco's poster child! At any rate, living next to a brewery does not an alcoholic make.
The assertion that wet tobacco and its pesticides make growers sick, sad and suicidal draws an incredibly long bow. To make ends meet, subsistence farmers have been planting tobacco on small plots of arid land in the villages – without any drama – for generations. Typically, natural fertilizers obtained free or on the cheap are used, but occasionally chemical fertilizers are applied. It is true that tobacco and tomato pesticides contain organophosphate based compounds, which once exposed to air, soil and sunlight degrade rapidly. While it’s not sarin nerve gas, any pesticide, like battery acid or rat poison serves a specific purpose, and most sensible people instinctively know not to drink it. Organophosphate compounds are also found in insecticides, gearboxes, herbicides, paint thinners, cement mix and nail polish removers. In short, they are widely used domestically and industrially.
Speaking of others, they’ve surfaced in Rodrigues. Of late, anti-tobacco lobbyists are pressing for a blanket ban on all tobacco-growing on the island. Or more precisely, they want a right possessed and exercised by people throughout recorded human history, taken away from hand-to-mouth dirt farmers. Lobbyists reckon tobacco damages health, and growing it on their doorstep only encourages Rodriguans to smoke. Another contention is that contact with wet tobacco causes dermal absorption of nicotine, leading to nausea, malaise, dizziness, abdominal cramps, respiratory complications and cardiac problems. What's more, citing overseas studies, lobbyists claim that organophosphate based pesticides used in tobacco cultivation trigger depression and suicide in those exposed to them.
Let’s see. More often than not, heavy long-term smoking kills. No fancy arguments from me. It’s bad. It’s 2008. We know. What, did any of the Rodriguan clan say smoking was good for them? Hmm. Incidentally, heavy long-term consumption of junk food, salt, or grog brings on the eternal cold too. Will our crusading idéologues also picket fast-food outlets and rally to outlaw rum, phoenix beer, and salt?
Let’s zoom in on a few realities. Once harvested, tobacco is dried and cured, then sold and shipped to Mauritius. As there are no tobacco factories in Rodrigues, all cigarettes must be imported. Not exactly on our doorstep, is it? Granted, a handful of older Rodriguans still smoke chopped-up dried tobacco leaves, locally known as gro taba. But besides its choking, harsh aftertaste, gro taba is looked upon as the smoke of the underclass and, for that reason, would-be movers-and-shakers and young go-getters just don’t go near the stuff. Hardly tobacco's poster child! At any rate, living next to a brewery does not an alcoholic make.
The assertion that wet tobacco and its pesticides make growers sick, sad and suicidal draws an incredibly long bow. To make ends meet, subsistence farmers have been planting tobacco on small plots of arid land in the villages – without any drama – for generations. Typically, natural fertilizers obtained free or on the cheap are used, but occasionally chemical fertilizers are applied. It is true that tobacco and tomato pesticides contain organophosphate based compounds, which once exposed to air, soil and sunlight degrade rapidly. While it’s not sarin nerve gas, any pesticide, like battery acid or rat poison serves a specific purpose, and most sensible people instinctively know not to drink it. Organophosphate compounds are also found in insecticides, gearboxes, herbicides, paint thinners, cement mix and nail polish removers. In short, they are widely used domestically and industrially.
FAW Haima Automobile builds 3rd plant
FAW Haima Automobile Co. Ltd has commenced construction of a third plant, which is expected to increase the company's annual production capacity to 300,000 cars from the existing 150,000 units, according to sources. The third plant, covering an area of 55.4 hectares, will involve in a total of RMB 1.5 billion in fixed assets. The plant is expected to be complete.
Subscribe to:
Posts (Atom)
