Bad days are over

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PERSISTENT SYSTEMS: OPERATING WITH 200 PLUS CUSTOMERS AND 4500 EMPLOYEES CURRENTLY
PERSISTENT SYSTEMS: 25% BIZ COMING IN FROM THE TELECOM SPACE, 15% FROM LIFE SCIENCES
PERSISTENT SYSTEMS: HAVE RECENTLY SET UP HYDERABAD SEZ, MAJORITY GROWTH TO COME FROM THERE
MARKET VIEWS: ICICI SEC: REMAIN BULLISH ON I.T. SECTOR; TECH STOCKS TO OUTPERFORM MARKETS
MARKET VIEWS: ICICI SEC: SEE MKTS IN A CONSOLIDATION PHASE FOR NEXT 3-4 TRADING SESSIONS
CRUDE OIL UPDATE: OPEC MINISTERS POISED TO KEEP OUTPUT STEADY WITH OIL OVER $80/BBL
BROKERAGE VIEWS: CREDIT SUISSE: 'OUTPERFORM' ON RIL; COURT DECISION TO DEFINE EPS DOWNSIDE
BNP PARIBAS: FED KEEPING FUNDS TARGET RATE UNCHANGED 'A NON EVENT FOR MARKETS'
FOMC MEET: FEB KEEPS DISCOUNT RATE UNCHANGED AT 0.75%
F&O CUES: STOCK FUTURES SHED 1.03 CRORE SHARES IN OPEN INTEREST
F&O CUES: NIFTY 5200 PUT MOST ACTIVE; 5200 PUT ADDS 19.41 LAKH SHARES IN OPEN INT
F&O CUES: 5100 CALL SHEDS 9.69 LAKH SHARES IN OI
F&O CUES: 5000 CALL SHEDS 5.96 LAKH SHARES IN OPEN INTEREST
F&O CUES: UNWINDING IN NIFTY 5000 AND 5100 CALL OPTIONS
F&O CUES: NIFTY OPEN INTEREST PUT CALL RATIO AT 1.56
F&O CUES: NIFTY FUTURES SHED 8.4 LAKH SHARES IN OPEN INTEREST
SUGAR UPDATE: SUGAR FUTS DROP TO A 7 MTH LOW IN U.S. AS INVESTORS UNWIND LONG POSITIONS
ASIAN MARKETS: COMMODITY STOCKS UP AS CRUDE AND METAL PRICES EASE
ASIAN MARKETS: ASIAN STOCKS BOOSTED BY FED'S COMMENTS ON RATES
COPPER UPDATE: COPPER CLIMBS THE MOST IN TWO WEEKS AS DOLLAR FALLS & INVENTORY DECLINES
GOLD UPDATE: GOLD FUTURES RISE THE MOST IN TWO WEEKS AS DOLLAR DROPS
CRUDE OIL UPDATE: OPEC MINISTERS POISED TO KEEP THE OUTPUT STEADY WITH OIL OVER $80/BBL
CRUDE OIL UPDATE: OIL GAINS THE MOST IN FOUR WEEKS AS DOLLAR FALLS AGAINST EURO
U.S. ECO DATA: FEB HOUSING STARTS FALL 5.9% VS A 6.6% REBOUND IN JAN
U.S. MARKETS: DOW JONES RISES FOR THE 6TH STRAIGHT SESSION; S&P 500 HITS A 17-MONTH HIGH
F&O CUES: NIFTY FUTURES END AT A PREMIUM OF 6.55 PTS VS A PREMIUM OF 3 PTS ON MONDAY
FOMC MEET: FEB KEPT ITS DISCOUNT RATE UNCHANGED AT 0.75%
FOMC MEET: FED TO KEEP RATES NEAR ZERO FOR AN EXTENDED PERIOD
FOMC MEET: FED VOTED TO KEEP FED FUNDS TARGET RATE UNCHANGED
U.S. MARKETS: FED PLEDGES TO KEEP RATE LOW FOR EXTENDED PERIOD

Updated: 27/01/2010 | 08:49 PM IST

Interviews

Bad days are over

Adi Godrej

Wednesday, January 27, 2010 (New Delhi)

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The third quarter result of the Godrej Group has injected fresh blood in the market. Buoyed by the rising demand in all business sectors of the company, Adi Godrej, chairman of the Godrej Group, is expecting to repeat such performance not only in the next quarter, but also in the next financial year.

NDTV: How was the quarter for you?

Adi Godrej: The third quarter was excellent. Every body knows October-December 2008 was the poor quarter for our company, but thereafter, we have done well in all sectors especially, in agriculture, properties and consumer products. The GIL Godrej share holding in consumer products has increased from 20 to 25 per cent.

NDTV: Continuing with the chemicals business, you are exporting 67 countries. Can you tell us what kind of demand situation is looking like for you?

Adi Godrej: Last year, at the same point of time, prices for raw materials were high, demand was considerably very low. But, now demand has picked up and the chemical sector is expected to perform well. By considering this fact, we are expecting good performance in chemical sector this year and in coming year as well. But it is true for all our business sectors.

NDTV: What about agriculture business? Can you give us some more aspect about the outlook of this business in the pricing aspect?

Adi Godrej: We don’t use agro commodity in food sense. Basically, we deal in animal feed where raw material demand is benign. Hence, the finished product demand is very good. Palm oil business is doing well because its demand has risen. Being the largest producer of the palm oil we are doing well in palm oil business. So, overall we are doing well in agro business.

NDTV: We all know that you do not give guidance. But, on the basis of such performance, can you give us the kind of performance you are expecting in the next financial year? Can we expect 20 to 25 percent growth in the financial year 2011?

Adi Godrej: I won’t give you any number. But, we are expecting good performance in the fourth quarter and off course in the financial year 2011 as well.