AUTO PARTS COST

Shares of auto ancillaries companies were trading high as investors and a few funds started value-buying on the back of strong auto sales numbers and better-than-expected earnings of Tata Motors, four dealers said. Auto sales in India hit a record high in January.

Tata Motors said on Friday surging sales at its luxury Jaguar and Land Rover (JLR) unit helped quadruple fourth-quarter profit and pledged to lift prices aggressively to offset rising raw material costs.
The increase in sales should definitely reflect in revenues for the ancillary makers, said an analyst with a local brokerage. At 11.31 a.m., shares of Clutch Auto, Amtek Auto, Automotive Axles and Amara Raja Batteries were up 3-11 percent
JITENDRA KUMAR SINGH
PGDM SEM-2

RELIANCE INFRASTRUCTURE Q3 EARNINGS

Reliance Infrastructure posted a 10.16 per cent rise in net profit for the quarter ended December 31, 2010, to Rs 405.25 crore.
The company had reported a net profit of Rs 367.87 crore for the same period last year, Reliance Infrastructure said in a filing to the Bombay Stock Exchange (BSE).
Total operating income of the company rose to Rs 3,744 crore in the October-December quarter from Rs 3,287 crore in the corresponding quarter a year ago, it added.
In a separate filing to the BSE, the company said it has received board approval to buy back its own shares for an aggregate amount of up to Rs 1,000 crore (USD 222 million) at a price not exceeding Rs 725 per equity share.
The buy-back will be made from the open market through the stock exchanges, it added.
Meanwhile, shares of the company were trading at Rs 631 apiece on the BSE today, up 2.48...