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Strategies & Market Trends : India Coffee House -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (8386)	10/13/1999 10:11:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

CompanyWatch: Ranbaxy's molecular rise. Ranbaxy Lab ranbaxy.com Ranbaxy Fine Chemicals Ltd ranbaxyfinechemicals.com 10/14/99 (Ft) Ranbaxy Laboratories hit an all-time high on the BSE and the NSE, on renewed buying interest by US-based portfolio funds. Alliance Capital is said to have picked up 300,000 shares while Morgan Stanley bought about 160,000 shares. Rumours that the company is in the process of developing another molecule, which it will unveil by December contributed to the rise in stock price. Last month, Ranbaxy announced a new drug delivery system deal with Bayer of AG for ciprofloxacin. The Pentafour bull too picked up about 530,000 shares in the past two days. Pharmaceutical analysts also expect Ranbaxy to post a 20 per cent plus growth in net earnings for the third quarter ended September '99. The board meeting is scheduled to be held on October 25.

To: Mohan Marette who wrote (8386)	10/14/1999 9:29:00 AM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

India's Pentafour Q2 Profit Rises 67% as Orders Surge Pentafour (India) pentafour.com Pentafour (USA) pentafourss.com (Update1) 10/14/99 5:37:00 AM Source: Bloomberg News Mumbai, Oct. 14 (Bloomberg) -- Pentafour Software & Exports Ltd., India's second-largest software and computer graphics companies by sales, said profit rose 67 percent in the second quarter on greater global demand for its animation services. Profit rose to a 367.8 million rupees ($8.5 million) in the three months ended September from 221 million rupees in the year- earlier period. Sales climbed to 1.77 billion rupees compared with 1.19 billion rupees. "The earnings are in line with my expectations and I expect profits to grow 55 percent in the fiscal year ending 2001," said Jayesh Parekh, an analyst with SMIFS Securities, in Mumbai. The company added 35 more clients in its software division and has software development orders worth $65 million in hand. However, it is the computer graphics division, which has the bulk of the orders. Pentafour added eight new computer graphic and animation projects and has $82 million worth orders in hand. "For the same man hours spent, we get as much as 4 1/2 times more from multimedia projects than software development," V. Chandrasekaran, chairman and managing director of the company, said in an interview. The company now earns 55 percent of its revenue from such computer animation projects, while the rest comes from the sale of computer software and services abroad. Its stock, that's doubled this year, fell 4.9 percent to 736.00 on the Stock Exchange, Mumbai