ITC Employee stock options

Script No:500875

Company Name:ITC Ltd

ITC Ltd has informed Bombay Stock Exchange(BSE) that the Company on Nov 18, 2009 has issued and allotted 42,47,980 Ordinary Shares of Re. 1/- each, upon exercise of 4,24,798 Options by Optioned under the Company's Employee Stock Option Schemes.

Consequently, with effect from November 18, 2009, the Issued and Subscribed Share Capital of the Company stands increased to Rs. 378,79,21,580/- divided into 378,79,21,580 Ordinary Shares of Re. 1/- each.

Stock went up in Dow Jones

Stocks climbed, pushing the Dow Jones Industrial Average to a new 2009 closing high, as energy company chevron, telecom giants AT&T and led a broad rally.

The Dow Jones rose 132.79 pts (1.29%), to 10450.95, snapping a 3-day losing streak and reaching its highest close since Oct. 2, 2008. Of its 30 components, 28 closed higher. The telecom companies had the biggest percentage gains, with Verizon rising 90 cents, or 3%, to $31.33, and AT&T went up 76 cents, or 2.9%, to 26.78. Chevron climbed 1.97, or 2.6%, to 78.74.

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Indian auto industry sales and growth

The Indian Auto Industry is in critical and highly competitive because of a number of new global and Indian auto companies. India is the world’s 2nd largest manufacturer of 2 wheelers and 9th largest car manufacturer. Automobile production is consistently showing an upward trend in the last few years till 2009. Automobile production including Buses, Cars, Autos and Bikes stood at 11.2 million units in 2008-09, this is almost double the figure as on 2002- 03.

Sales during Oct 2009 compared to 0ct 2008






Reasons for the rise of sales

1) Road infrastructure

2) Higher per capita income

3) Lowest interest rates

4) Lot of new models

In the upcoming years it will give on increase that is what all the expertise are telling and it is expected to grow to $33-40 b by 2015. India supplies a range of high-value and critical automobile components to worldwide auto makers such as General Motors(GM), Toyota, Ford and Volkswagen. Some of the leading manufacturers of auto components in India include Apollo Tyres, Bosch Ltd, Exide, CEAT, Bharat Forge.

Amara Raja Batteries -overview

Amara Raja is manufacturing batteries for industrial and automotive purposes. It introduced Valve Regulated Lead Acid (VRLA) batteries for industrial purposes. These batteries supply to the telecom sector and UPS back-up systems during power shortage while other end-user departments include the Indian Railways and power utilities.

They are manufacturing large, medium and small VRLA batteries to Original Equipment Manufacturers (OEMs). Conducts automotive batteries business through JV with Johnson Controls Inc. During Q2 2009, net sales increased by 6% y-o-y to INR3, 606 m. PAT stood at INR479 m, recording a growth of 155% over Q2 2009.

Amara Raja batteries is having strong segmental growth. The industrial batteries business maintained its momentum and recorded a 50% CAGR in the past 4 years. They are continuing the preferred supplier status among all the leading telecom operators and UPS manufacturers, telecom and UPS segments remained the main drivers of the industrial battery business. In automotive battery business, it tied up with Maruti India .this is one of the best stock for long-term perspective. So try to accumulate at the lower rates and make profit as your convenience