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

To: Suresh Havalad who wrote (4223)	5/7/1999 10:47:00 AM
From: Mohan Marette	Read Replies (2) \| Respond to of 12475

Welcome back Suresh. How was the trip back home? Did you get hooked up any brokers in Bombay? Motilal Oswal seems to be a good one in Bombay. I see lot of excellent companies in India to invest in,my favorite right now is Hero Honda among many others.

To: Suresh Havalad who wrote (4223)	5/12/1999 8:52:00 PM
From: Mohan Marette	Read Replies (1) \| Respond to of 12475

Business- Hero Honda Motors earnings to zooms 58%,sales up 34% Suresh: Load up on this baby on any dips (there will be many) if you are into desi companies and stock markets. I picked up some few weeks ago when the market went down on account of the collapse of the government,so far so good (well actually excellent). If interested also keep an eye on Larsen & Tourbro,very exciting things happening with the company,got some of those too. ====================== herogroup.com Thursday, May 13, 1999 Hero Honda net zooms to Rs 121 cr; turnover up 34% to Rs 1,553 cr Rupali Mukherjee -------------------------------------------------------------------------------- New Delhi, May 12: Hero Honda Motors Ltd has announced a dividend of Rs 5 per share for 1998-99 on its post-bonus equity, besides an additional 'special millennium' dividend of Rs 2.5 per share on total equity, following an over 58 per cent increase in net profit during the year. Hero Honda Motors chairman and managing director Brijmohan Lall said the company's net profit for the year increased to Rs 121.37 crore from Rs 76.60 crore for the corresponding period the previous year. The company has posted a turnover of Rs 1,553 crore in 1998-99 as against Rs 1,156 crore in the previous year, thereby registering a growth of over 34 per cent. The profit before tax increased to Rs 172.73 crore, up 57 per cent from Rs 109.54 crore in the previous year. The company's profit before tax increased to Rs 172.73 crore from Rs 109.54 crore in the previous year. "It is Hero Honda's endeavour to focus on shareholder value and the dividend payout ratio has been increased substantially from 11.4 per cent in 1997-98 toabout 22.68 per cent in 1998-99. Consequently, the dividend for the year has been recommended at 50 per cent on post-bonus equity as against 40 per cent on pre-bonus equity for 1997-98'', he said. The additional 25 per cent dividend, he added, is a reward to its shareholders. The company achieved record sales of 5,30,545 motorcycles registering a growth of 30 per cent over the previous year and crossing the 2.5 million mark in sales. financialexpress.com