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Technology Stocks : Satyam Infoway Ltd-(Nasdaq:SIFY) -- Ignore unavailable to you. Want to Upgrade?

To: Mohan Marette who wrote (659)	2/10/2000 7:54:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 1471

IT logs top slot in sectoral analysis (Friday, February 11, 2000) Samata Dhawade in Mumbai-BStandard Information technology (IT) has topped the sectoral performance list, ranked on sales growth for nine months ended December 1999. The performance has been analysed on a sample of 1600 companies for which comparative figures for nine months ended December 1999 are available. IT continued to perform fabulously during the period under consideration, reporting a 39.3 per cent growth in sales, while net profit was up by 69.9 per cent. Majors like Infosys Technologies, Wipro, Satyam Computers, Polaris Software, Sonata Software, NIIT, Silverline Industries, Pentasoft Technologies (earlier Pentafour Communication) and Pentamedia Graphics (earlier Pentafour Software) put up excellent figures during the period. However, it was a mixed bag of performances for refineries. The sector witnessed a 30.2 per cent growth, while net profit 27.9 per cent. Excellent results by the Oil and Natural Gas Company (ONGC) and Indian Oil Corporation (IOC) helped propel the performance of the eight refineries. ONGC notched a 29 per cent growth in sales and 65.7 per cent in net profit. IOC scored a 31.8 per cent in sales, while its net profit grew by 23.7 per cent. However, Madras Refineries and Cochin Refineries reported a drop in net, MRPL turning to red during the period. Substantial spurt in crude oil prices in the international market, besides frequent and inappropriate changes in product outgo, pared the bottomline of these giants. The automobile sector stood third in terms of net sales growth. A turnaround in commercial vehicles and an excellent performance by private vehicle manufacturers during the nine months period has put it back on the smooth road. The sector managed a topline growth of 30.2 per cent and bottomline growth of 30.5 per cent. Excellent results by Hero Honda and TVS Suzuki in the two-wheeler segment, and Telco and Ashok Leyland in the four-wheeler segment propelled the overall growth of the industry. While auto ancillaries scored well with recovery in its user sector. A good showing by automotive gear manufacturers like Amtek Auto, Shriram Piston & Rings, Automotive Axles, Premier Instruments, Rico Auto and Omax Auto, paid well for the sector's aggregate. Entertainment, the new rising sector, put on a 26.1 per cent growth in sales and 60.3 per cent in net profit. Media major Zee Telefilms notched 29.6 per cent growth in sales, while net profit grew 41.3 per cent. Sri Adhikari Brothers also banked on its various projects to put on a sales growth of 30.9 per cent, while its net zoomed 144.2 per cent. However, ferro alloys put up a bad show with a drop in sales by 28.5 per cent, its net loss flaring to Rs 65.3 crore. The sector performance was skewed with the major player, Facor, reporting a hefty 40.8 per cent drop in sales and a net loss of Rs 45.1 crore. Pesticides continued to report lower sales and net profit during the period. Solvent extractors were unable to score better topline even as they opted to focus on trading activities. The topline dipped 4.9 per cent yet, while the bottomline grew 5.5 per cent. Meanwhile, the hotel industry seems unable to save itself from the recessionary forces since last two years. The industry reported 4.8 per cent drop in sales, while net profit by a hefty 33 per cent. Textile machinery has been the hardest, reporting a drop of one per cent in sales income, what with a low capital investment by the user industry.