California Software Company Ltd


BSE: 532386 | NSE: CALSOFT | ISIN: INE526B01014 
Market Cap: [Rs.Cr.] 8 | Face Value: [Rs.] 10
Industry: Computers - Software - Medium / Small

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Board Meet

07-Feb-13 
Quarterly Results California Software Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on February 07, 2013, inter alia, has transacted the following: 1. Transfer of IT business on a going concern basis, including the transfer of all existing employees and contracts of the Company. 2. Authorized the Managing Director Mr. Bhavesh Rameshlal Chauhan to finalize the terms and condition of sale of Company's building. (As per BSE Announcement Dated on 11.02.2013) 
17-Nov-12 
California Software Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on November 17, 2012, inter alia, to consider the following: 1. To consider the proposal for sale of part/whole of undertaking comprising of Land & Buildings and IT operations / business including Branch Offices of the Company. 2. To consider the proposal for sale of wholly owned subsidiaries of the Company. California Software Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 17, 2012, has transacted the following: 1. It was decided by the Board to sell/transfer part/whole of the undertaking consisting of: a. Land & Building and Other Assets of the Company b. IT Business of the Company c. Branch Offices of the Company and to obtain approval of the shareholders through Postal Ballot 2. It was decided by the Board to sell the wholly owned subsidiaries of the Company. The above decisions were taken in order help the Company with its restructuring plans (As per BSE Announcement Dated on 17.11.2012)  
14-Nov-12 
Quarterly Results 
14-Aug-12 
Quarterly Results California Software Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 14, 2012, inter alia, approved the following; 1. Resignation of Mr. Frederick Ivor Bendle as Managing Director & CEO as well as Director. 2. Appointment of Mr. Bhavesh Rameshlal Chauhan as Managing Director & CEO. (As Per BSE Announcement Dated on 14.08.2012) 
14-Jul-12 
Audited Results California Software Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on July 14, 2012, inter alia, has approved the following : 1. The Board of Directors has not recommended any dividend in view of loss incurred. 2. Resignation of Mr. Thomas Kevin Reilly as Chairman and Director. 3. Appointment of Mr. Bhavesh Rameshlal Chauhan as an additional director and Chairman. (As Per BSE Announcement Website Dated on 16/07/2012) 

AGM

27-Sep-12
California Software Company Limited has informed the Exchange that the Annual General Meeting of the Company will be held on September 27,2012. Further the Book Closure will be from September 25, 2012 to September 27,2012 (both days inclusive) for the purpose of Annual General Meeting. California Software Company Ltd has informed BSE that the Annual General Meeting (AGM) of the Company was held on September 27, 2012. (As per BSE Announcement Dated on 27.09.2012)  
23-Sep-11
California Software Company Limited has informed the Exchange that the Annual General Meeting of the Company will be held on September 23,2011. Further the Book Closure will be from September 20, 2011 to September 23, 2011 (both days inclusive) for the purpose of Annual General Meeting. California Software Company Limited has submitted to the Exchange a copy of the Notice of the Annual General Meeting of the Company scheduled to be held on September 23, 2011. (As Per NSE Bulletin Dated on 29/08/2011) California Software Company Ltd has informed BSE that at the AGM held on September 23, 2011, the shareholders have approved the following:- 1. Adoption of the Audited Balance Sheet as at March 31, 2011 and Profit & Loss Account for the financial year ended on that date together with the Reports of Directors and Auditors thereon. 2. Re-appointment of Mr. S. Santhanakrishan as director liable to retire by rotation. 3. Re-Appointment of M/s. Tomy & Francis, Chartered Accountants, as Statutory Auditors of the Company to hold office from the conclusion of this Annual General Meeting till the conclusion of next Annual General Meeting on a remuneration the amount and timing of which are to be decided by the Audit Committee/Board of Directors of the Company. 4. Appointment of Mr. Mats Henerik Berglund as director liable to retire by rotation. 5. Appointment of Mr. Thomas Kevin Reilly as director liable to retire by rotation. (As Per BSE Annoncement Website Dated on 23/09/2011) 
17-Sep-10
AGM 17.09.2010 California Software Company Limited has informed the Exchange that Subject to the approval of shareholders in the ensuing Annual General Meeting scheduled to be held on September 17, 2010, final dividend of Rs.2/- per share for the year ending March 31, 2010 shall be paid on and after September 21, 2010. (As Per NSE Bulletin dated on 16.08.2010) California Software Company Ltd has informed BSE that the 18th Annual General Meeting (AGM) of the Company will be held on September 17, 2010, inter alia, to transact the following business : 1. To receive, consider and adopt the Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date and the report of the Directors and Auditors thereon. 2. To declare dividend 3. To appoint a Director in place of Mr. Dan George Peterson, who retires by rotation and, being eligible, offers himself for re-appointment. 4. To appoint Auditors and to fix their remuneration. 5. To appoint Mr. Jerome Lazatin Lorenzo, as a Director of the Company, liable to retire by rotation. (As Per BSE Announcement Website dated on 27.08.2010) California Software Company Ltd has informed BSE that the members at the 18th Annual General Meeting (AGM) of the Company held on September 17, 2010, inter alia, have accorded to the following: 1. Adoption of Audited Balance Sheet as at March 31, 2010 and the Profit and Loss Account for the year ended on that date, the Report of the Auditors and Directors thereon. 2. Dividend of Rs. 2/- per share for the year ended March 31, 2010. 3. Re-appointment of Mr. Dan George Peterson as Director of the Company, liable to retire by rotation. 4. Re-appointment of auditors M/s. Tomy & Francis, Chartered Accountants as Statutory Auditors of the Company, to hold office from conclusion of this Annual General Meeting until the conclusion of the next Annual General Meeting. 5. Re-appointment of Mr. Jerome Lazatin Lorenzo as director liable to retire by rotation. (As Per BSE Announcement Dated on 17.09.2010) California Software Company Ltd has submitted to BSE a copy of the minutes of 18th Annual General Meeting (AGM) of the Company held on September 17, 2010. (As Per BSE Announcement Website dated on 08.10.2010) 
28-Aug-09
California Software Company Limited has informed the Exchange that the Board at its meeting held on June 30, 2009, approved the following: Approved convening of the Annual General Meeting and fixing of book closure dates for the purpose of Annual General Meeting. The AGM will be held on August 28, 2009. Book closure will be from August 21, 2009 to August 28, 2009 (both days inclusive). California Software Company Ltd has informed BSE that the members at the 17th Annual General Meeting (AGM) of the Company held on August 28, 2009, inter alia, have accorded to the following: 1. Adoption of the Balance sheet as at March 31, 2009 and Profit and Loss Account for the year ended on that date together with the reports of the Board of Directors and the Auditors thereon. 2. Re-appointment of Dr. P J George as Director of the Company. 3. Appointment of M/s. Price Waterhouse, Banglore, Chartered Accountants & M/s. Tomy & Francis, as Statutory Auditors of the Company (standalone) to hold office from the conclusion of the 17th Annual General Meeting on August 28, 2009 until the conclusion of the next Annual General Meeting, on remuneration, terms & conditions. 4. Appoitntment of Mr. S Santhanakrishanan as a Director of the Company, liable to retire by rotation. (As Per BSE Announcement Dated on 28/08/2009) 
29-Aug-08
AGM 29/08/2008 California Software Company Ltd has informed BSE that the Board has approved the following matters: Approved the offer and issue of 9,66,672 equity shares to persons belonging to non- promoter category on preferential basis subject to the final approval of shareholders at the Annual General meeting, scheduled to be held on August 29, 2008 and subject to regulatory approvals as applicable. Approved Employees' Stock Offer Plan (ESOP) subject to the final approval of the shareholders at the Annual General Meeting scheduled to be held on August 29, 2008 and subject to regulatory approvals as applicable. (As per BSE Announcement Website dated on 23/07/2008) California Software Company Ltd has informed BSE that members at the Annual General Meeting (AGM) of the Company held on August 29, 2008, inter alia, has approved the following: 1. Adoption of Balance Sheet as at March 31, 2008 and the Profit and Loss Account for the year ended on that date together with the reports of the Directors and auditors thereon. 2. Declaration of dividend at the rate of Rs 1.00 only per share (10%) on the equity shares of the Company for the year ended March 31, 2008. 3. Re-appointment of Prof. T T Narendran, as Director of the Company. 4. Appointment of Mr. Clyde Michael Bandy as Director of the Company, liable to retire by rotation. 5. Appointment of M/s Price Waterhouse, as Statutory Auditors of the Company (Standalone) and M/s. Tomy & Francis, Chartered Accountants, as Statutory Auditors of the Company (consolidated) to hold office from the conclusion of the Annual General Meeting until the conclusion of the next Annual General Meeting, on remuneration, terms and conditions. 6. Authority to the Board, to offer, issue and allot 9,66,672 equity shares of Rs 10/- each for cash on preferential basis to 2 promoter shareholders of M/s Inatech Infosolutions Pvt Ltd, Bangalore at the price of Rs 125/- per share (including a premium of Rs 115/- per share) which is marginally in excess of the price calculated as per SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue and that the Board be and is hereby authorised to finalize all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulations for the time being In force in that behalf, subject to necessary provision and approvals. 7. Authority to the Board to offer, issue and allot 6,18,250 equity shares of Rs 10/- each for cash to Employees of the Company including its subsidiaries both in India and overseas, whether new or hereafter existing under an Employee Stock Option Scheme to be created by the Company for the benefit of its employees on the terms and conditions as may be decided by the Compensation committee of the Board of Directors of the Company and that the Board be and is hereby authorised to finalize all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulations for the time being in force in that behalf, subject to necessary provision and approvals. (As per BSE Announcement dated on 01/09/2008) 

EGM

20-Apr-12
California Software Company Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the Company will be held on April 20, 2012 inter alia, to transact the following: - Subject to the approval of shareholders and the Central Government under Section 269 and other applicable provisions, if any, read with Schedule XIII of the Companies Act, 1956, and subject to such other approvals and consents as may be necessary, Mr. Frederick Ivor Bendle, be and is hereby appointed as Managing Director and Chief Executive Officer of the Company for a period of two years with effect from February 13, 2012 without any remuneration. (For more details kindly refer Corporate Announcements on www.bseindia.com). California Software Company Ltd has informed BSE that at the Extra Ordinary General Meeting (EGM) of the Company held on April 20, 2012, the shareholders have approved the appointment of Mr. Frederick Ivor Bendle as Managing Director and CEO for a period of two years. (As Per BSE Announcement Website dated on 20.04.2012) 
05-May-10
Holding of an Extra-ordinary General Meeting on May 05, 2010. California Software Company Ltd has informed BSE that the Extra Ordinary General Meeting (EGM) of the members of the Company will be held on May 05, 2010, inter alia, to transact the following business: 1. To re-appoint Mr. S Santhosh, as Managing Director of the Company for a further period of 5 years with effect from May 08, 2010, on remuneration, terms & conditions. 2. To revise the remuneration of Mr.S Santhoash by the Subsidiary, for his service as the President and Chief Executive of the subsidiary, at a rate of not exceeding 10% of the preceding year, every year and annual bonus (performance based subject to continued employment in the company), at the discretion of Board of Directors of the Company. 3. To invest through its Wholly Owned Subsidiary CSWL mc, in 13,66,148 (No of shares) Series A Preferred Stock @ USD 1.464 each of ImpelSys Inc aggregating 2 Million USD/-, subject to necessary provisions & approvals. 4. To appoint M/s. Tomy & Francis, Chartered Accountants, as Auditors of the Company for Stand alone financials for the year 2009-10 to fill the vacancy caused by the resignation of M/s. Price Waterhouse, Chartered Accountants, to hold office until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. (As Per BSE Announcement Website dated on 13.04.2010) California Software Company Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on May 05, 2010, have approved the following: 1. Re-appointment of Mr. S. Santhosh as Managing Director for five years with effect from May 08, 2010. 2. Payment of remuneration to Mr. S. Santhosh as Managing Director by the Subsidiary Company CSWL Inc. 3. Investment in ImpelSys Inc through the Company Subsidiary CSWL Inc. 4. Appointment of M/s. Tomy & Francis, Chartered Accountant as Statutory Auditors in place of M/s. Price Water House, who has resigned. (As Per BSE Announcement Dated on 05.05.2010) 
14-Jun-08
California Software Company Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on June 14, 2008, inter alia, for borrowing from time to time all such sums of money as they may deem requisite for the purpose of the business of the Company notwithstanding that moneys to be borrowed together with moneys already borrows by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) will exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount up to which moneys may be borrowed by the Board of Directors shall not exceed the aggregate of the paid-up capitaland free reserves of the Company by more than the sum of Rs 250 Crores at any one time, subject to necessary provisions & approvals. California Software Company Ltd has informed BSE that the members of the Extra Ordinary General Meeting (EGM) of the Company held on June 14, 2008, inter alia, have accorded the Board of Directors of the Company for borrowing from time to time all such sums of money as they may deem requisite for the purpose of the business of the Company notwithstanding that moneys to be borrowed together with moneys already borrows by the Company (apart from temporary loans obtained from the Company's bankers in the ordinary course of business) will exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount up to which moneys may be borrowed by the Board of Directors shall not exceed the aggregate of the paid-up capital and free reserves of the Company by more than the sum of Rs 250 Crores at any one time, subject to necessary provisions & approvals. (As per BSE Announcement Website dated on 16/06/2008) 
14-Jul-07
Inter alia, has approved the convening of Extraordinary General Meeting (EGM) of Shareholders on July 14, 2007 to approve (a) Increase in Authorised Capital from Rs 12 Crores to Rs 15 Crores (b) Alteration of relevant Capital clauses of Memorandum of Association and Articles of Association of the Company for the increase in Authorized capital (c) Approve raising of additional equity capital under section 81 (1A) of the Companies Act, 1956 and authorization to the Board to offer, issue and allot upto maximum of 23,93,600 Equity shares (face value Rs 10/-) of the Company as follows: (i) Bodies Corporate in Promoter group i.e - PAC's and nominees - 22,00,000 (ii) Individuals in non-promoter category including NRI's -193,600 by way of placement on preferential allotment basis and subject to the pricing guidelines as issued by the Securities Exchange Board of India (SEBI) and other applicable regulations / Guidelines in this regard. California Software Company Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on July 14, 2007, inter alia, to transact the following business: 1. Increase in the Authorised Share Capital of the Company from Rs 12,00,00,000/- divided into 1,20,00,000 Equity shares of Rs 10/- each to Rs 15,00,00,000/- divided into 1,50,00,000 Equity Shares of Rs 10/- each with power to increase or reduce, consolidate, subdivide the capital in accordance with the provisions of the Companies Act, 1956 & consequential amendments in the Memorandum & Articles of Association of the Company. 2. To offer, issue and allot upto a maximum of 1,93,600 equity shares of Rs 10/- each for cash, in one or more tranches, on preferential basis at a price of Rs 100/- per share (including a premium of Rs 90/- per share) aggregating to Rs 193.60 lakhs, in accordance with the SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue, to the 5 shareholders of M/s. Aspire Communications Pvt Ltd, as detailed herein below, and that the Board be and is hereby authorised to finalise all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulations for the time being in force in that behalf, subject to necessary provisions & approvals: a. Dr. Mahesh Kantanhalli Rao, Mysore (Non Promoter): 91,930 equity shares b. Mrs. Vijaya Rao, Mysore (Non Promoter): 61,290 equity shares c. Mr. Ramandeep Singh, Patiala (Non Promoter): 9,150 equity shares d. Mr. Sumesh Kaul, USA (Non Promoter): 21,550 equity shares e. Mr. Callembelle N Rajendra Simba, Mysore (Non Promoter): 9,680 equity shares 3. To offer, issue and allot upto a maximum of 22,00,000 equity shares of Rs 10/- each for cash, in one or more tranches, on a preferential basis at a price of Rs 100/- per share (including a premium of Rs 90/- per share) aggregating to Rs 2200.00 lakhs in accordance with the SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue, to M/s. Kemoil Ltd and/ or its associates / nominees as detailed herein below; and that the Board be and is hereby authorised to finalise all matters incidental thereto as it may in its absolute discretion think fit, in accordance with all applicable laws, rules and regulations for the time being in force in that behalf, subject to necessary provisions & approvals: - M/s. Kemoil Ltd and / or its associates / nominees, Hong Kong (Persons Acting Concert): 22,00,000 equity shares. (As Per BSE Announcement Website Dated on 26/06/2007) California Software Company Ltd has informed BSE that the shareholders at the Extra Ordinary General Meeting (EGM) of the Company held on July 14, 2007, have approved the following: 1. Increase the Authorised Share Capital from Rs 12.00 crores to Rs 15.00 crores and consequential amendments to the Memorandum and Articles of Association of the Company. 2. Issue of 1,93,600 equity shares on preferential basis to 5 shareholders of Aspire Communications Pvt Ltd at a price of Rs 100/- per share (including premium of Rs 90/- per share). 3. Issue of 22,00,000 equity shares on preferential basis to Kemoil Ltd and its Associates / Nominees at a price of Rs 100/- per share (including premium of Rs 90/_ per share). (As Per BSE Announcement Website Dated on 14/07/2007) California Software Company Ltd has informed BSE that the allotment Committee of the Board of Directors of the Company on August 17, 2007, has allotted: 1. 1,93,600 equity shares on preferential basis to the 5 individuals (non-promoter category) at a price of Rs 100/- per share (including premium of Rs 90/- per share) as approved in item 4 of the EGM held on July 14, 2007. a. Dr. Mahesh Kantanhalli Rao - 91,930 no of equity shares. b. Mrs. Vijaya Rao - 61,290 no of equity shares c. Mr. Ramandeep Singh - 9,150 no of equity shares 4. Mr. Sumesh Kaul - 21,550 no of equity shares 5. Mr. Callembelle N Rajendra Simha - 9,680 no of equity shares 2. 22,00,000 equity shares on preferential basis to Kemoil Ltd (Promoter Group Entity) at a price of Rs 100/- per share (including premium of Rs 90/- per share) as approved at the EGM held on July 14, 2007. (As Per BSE Announcement Website Dated on 17/08/2007) 
09-Jan-07
California Software Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on December 12, 2006 has approved to convene an Extraordinary General Meeting on January 09, 2007 for the approval of Preferential allotment of equity shares upto a maximum limit of 555,556 equity shares subject to due regulatory approvals and as per SEBI pricing guidelines; to three promoter shareholders of Inatech Infosolutions Pvt Ltd (IIPL), Bangalore. This is consequent to acquisition of majority stake in IIPL by the Company. California Software Company Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on January 09, 2007, to give authority to the Board to offer, issue and allot 5,55,556 equity shares of Rs 10/- each for cash on preferential basis to 3 promoter shareholders of M/s Inatech Infosolutions Pvt Ltd at the price of Rs 90/- per share (including a premium of Rs 80/- per share) which is marginally in excess of the price calculated as per SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue, subject to necessary provisions & approval. (As Per BSE Announcement Website Dated On 14/12/2006) California Software Company Ltd has informed BSE that the members at the Extra-Ordinary General Meeting (EGM) of the Company held on January 09, 2007, have authority to the Board to offer, issue and allot 5,55,556 equity shares of Rs 10/- each for cash on preferential basis to 3 shareholders namely 1. Mr. Vedante Srihari, UK - 2,66,554 (No of Equity shares) 2. Mr. Diwakar Kaiwar ,UK - 1,44,330 (No of Equity shares) 3. Mr. Ravindra Krishnappa, Bangalore, India - 1,44,672 (No of Equity shares) of M/S Inatech Infosolutions Pvt, Ltd, Bangalore at the price of Rs 90/- per share (including a premium of Rs 80/- per share) which is marginally in excess of the price calculated as per SEBI (Disclosure and Investor Protection) Guidelines on Preferential Issue and that the Board be and is hereby authorised to finalise all matters incidental thereto as it may in its absolute discretion think fit, In accordance with all applicable laws, rules and regulations for the time being in force in that behalf, subject to necessary provisions & approvals. (As Per BSE Announcement Website Dated on 09/01/2007) The Board approved the allotment of 5,55,556 equity shares of Rs 10/- each at a premium of Rs 80/- per equity share on a preferential basis to the 3 individuals as per the sanction given by the shareholders at the EGM held on January 09, 2007. (As Per BSE Announcement Website Dated on 23/01/2007) 

Peer Comparison

Company Market Cap
(Rs. in Cr.)
P/E (TTM)
(x)
P/BV (TTM)
(x)
EV/EBIDTA
(x)
ROE
(%)
ROCE
(%)
D/E
(x)
Financial Tech. 3,925.42 14.77 1.60 5.75 11.6 10.6 0.21
Mindtree 3,453.82 10.78 2.63 7.59 29.8 36.1 0.03
Hexaware Tech. 2,353.36 8.52 2.39 6.54 31.0 35.9 0.00
Persistent Sys 2,087.00 11.95 2.07 6.98 19.7 26.5 0.00
KPIT Infosys. 2,030.45 19.44 2.29 10.09 12.5 15.1 0.20
Infotech Enterp. 1,873.32 10.09 1.61 4.81 16.3 22.2 0.00
eClerx Services 1,840.20 12.69 5.48 9.52 55.3 67.8 0.00
Pine Animation 1,722.89 0.00 49.09 0.00 0.0 0.0 0.05
NIIT Tech. 1,571.76 10.36 2.47 8.04 18.6 27.1 0.01
Cressanda Solns. 1,396.71 0.00 65.07 0.00 0.0 0.0 12.96
TCS e-Serve 1,189.53 2.32 0.56 0.00 26.9 39.0 0.00
Turbotech Engg. 1,115.76 0.00 47.44 0.00 0.0 0.0 0.11
Zensar Tech. 1,074.74 8.84 2.11 4.58 24.1 34.3 0.00
Rolta India 981.69 2.85 0.40 3.81 13.7 12.0 0.62
Firstsour.Solu. 714.23 5.25 0.58 6.27 4.4 4.6 1.40

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Key Information

Key Executives:

P J George , Director 

Dan George Peterson , Director 

Jitendra Kumar Pal , Company Secretary 

Mats Henrik Berglund , Director 


Company Head Office / Quarters:
Robert V Chandran 7th Flr #149,
Velach Tambaram R Pallikaranai,
Chennai,
Tamil Nadu-600100
Phone : 91-44-42829000
Fax : 91-44-42829012
E-mail : info@calsoftgroup.com
Web : http://www.calsoftgroup.com
Registrars:
Integrated Enterprises (I) Ltd
Kences Tower
2nd Floor No 1
Ramakrishna Street
Chennai - 600 017

Fund Holding

 
Scheme Name No. of Shares
No data found

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