Market Information - PC Market, Symphony, NTPC-Stcok, Spot Gold, DCM Shirram - Buyback Shares

PC Market :

"Consumers accounted for 49 per cent of total PC sales in the fourth quarter of 2013.

Hewlett-Packard Company's(HP) market share in the consumer segment grew 3 percentage points to 21.3 per cent against 16.8 per cent in the comparable quarter previous year.

Dell increased its market share on the back of a strong 49 per cent growth in notebooks.This growth primarily came from the consumer segment where Dell grew 70 per cent.

Lenovo's share, too, went up to 15.9 per cent from 13.5 per cent a year earlier.

Symphony :

The World's Largest Air-Cooler maker Symphony eyeing to garner as much as 50 per cent of its revenue from exports over the next five years as it looks at entering new Overseas Market, a top executive has said.

"Of the consolidated revenue ,about 70 per cent comes from domestic sales now and rest 30 per cent from international business. But over the time it may grow higher.

The Ahmedabad - based firm produces air-coolers for residential, industrial and commercials segment, with as much as two thirds of the volumes coming from the residential business.

The Company exports to 60 countries, including Mexico, Iraq, Indonesia, Sri Lanka, Egypt and it will continue exploring and expanding in new geographies.   

NTPC Stock:

CERC gives out final tariff order for 2014 - 2019.

NTPC Scrip is trading around Rs 119.30,down 9.65 per cent at around 10.50 am.

Spot  Gold

In Early Asian trading,spot gold in Singapore traded lower at $ 1,320.46 an ounce and gold futures
maturing for delivery in April at $1,321.20.

In the domestic spot market, pure gold(99.5% purity) on NCDEX closed at Rs 30,560 for 10 gm
during the weekend.

Gold futures for delivery in April on MCX and NCDEX are likely to trade below Rs 30,000.

DCM Shirram - Buyback Shares :

The Board of Directors of DCM Shirram on saturday approved the buyback at a price not exceeding Rs 90 per equity share of face value Rs 2 each. The buyback price is at a premium of 32 per cent over Friday's closing price of Rs 68 on the NSE. The buyback programme is expected to be initiated sometime early next month, sources said.

DCM Shirram reported a net profit of Rs 44.33 crore on revenue of Rs 1,452 crore for the quarter ended December 2013.The net profits were 27 per cent lower over corresponding quarter last year on account of losses in the company's sugar business caused by high cane price and declining prices of the sweetener.

The company had recently declared an interim dividend of 40 per cent or 80 paise on par value of Rs 2 each.
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