Stocks Summary: Essar Group, ONGC, Unitech, Suzlan, M&M, JP Associates

Stock News at a glance.

Essar Group
    * Essar Group acquires 59% stake in Avaya Global Connect for Rs 206 cr, Open offer at Rs 274/sh ((CMP: 279))
ONGC
    * Sales down 3.93% at Rs 14713.3 crore Vs Rs 15314.5 crore
    * OPM at 55.25% versus 59.70%
    * Net profit up 23.66% at Rs 3776 cr Vs Rs 3053.6 cr
Unitech
    * Revenues: Rs 1132.89 cr vs Rs 774.46 cr (expectation of Rs 865.63 cr)
    * EBIDTA at 24% vs 24%
    * Net Profit: Rs 163.41 cr vs Rs 176.01 cr (expectation of Rs 219.45 cr)
    * Net profit adjusted at Rs 179.4 cr vs Rs 176.1 cr
Suzlon
    * Sales at Rs 6083 cr vs Rs 9121.1 cr ( down 33% YoY)(lower than estimated))
    * Losses at Rs 188 cr vs Profit at Rs 314 cr ((Estimate was profit of Rs 140 cr))
    * Total FY10 Execution: 1460MW vs 2760MW ((Guided for of 1900-2000MW for FY10))
M&M
    * Revenues up 45% at Rs 5304 cr vs Rs 3646 cr.
    * OPM at 16% vs 15.2% (EXP 13.6%).
    * PAT up 36% at Rs 570 cr vs Rs 418 cr.
JP Associates
    * Revenues up 68% to Rs 10355 cr.
    * Net Profit before extraordinaries at Rs 1920.3 cr vs Rs 897 cr.
    * Net Profit after extraordinaries at Rs 1708.36 cr vs Rs 897 cr.

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