See 100% return in Emco , says Aashish Tater, Head of Research, Fortunewizard.com.
Thursday, October 25, 2012
Mukesh Ambani richest Indian with wealth of $21bn: Forbes
Reliance Industries
Chairman Mukesh Ambani is the country's richest man with a personal
fortune of USD 21 billion, according to Forbes Magazine. Mukesh Ambani
beats steel giant Lakshmi Mittal and Wipro head Azim Premji to top the
Forbes's list.
Yes Bank shares hit record high after strong Q2 results
Shares of private sector Yes Bank
today rose over 2 per cent to a record high following 30 per cent
growth in its net profit for the quarter ended September 30, 2012. After
making a bullish opening, shares of the bank further climbed 2.3 per
cent to a record high of Rs 408.55 on the BSE.
McNally Bharat Engineering Company Ltd.] bags order
[McNally Bharat Engineering Company Ltd.] bags order worth Rs9.54 crore. The stock was currently trading at Rs113
Higher bonus to pinch Coal India
|
Buy L&T at Rs 1640, says Amit Gupta
Buy Larsen and Toubro (L&T) at Rs 1640, says Amit Gupta, Head- Derivatives, ICICI Direct.
Gupta told CNBC-TV18, "Recently quite aggressive longs have been formed in Larsen and Toubro (L&T). It has remained an outperformer; no doubt about this. I feel Rs 1570 was the breakout level in the starting of the month and at Rs 1730-1750 somewhere the stock may find some resistance. It may go into some long liquidation, come back to Rs 1640 and then again you should start buying this stock. I think it should remain outperformer in the coming months also."
Gupta told CNBC-TV18, "Recently quite aggressive longs have been formed in Larsen and Toubro (L&T). It has remained an outperformer; no doubt about this. I feel Rs 1570 was the breakout level in the starting of the month and at Rs 1730-1750 somewhere the stock may find some resistance. It may go into some long liquidation, come back to Rs 1640 and then again you should start buying this stock. I think it should remain outperformer in the coming months also."
Hyundai Motor Q3 profit up 13 percent, meets forecasts
(Reuters) - South Korea's Hyundai Motor Co reported July-September net profit of 2.17 trillion won, an increase of 13 percent and in line with market forecasts, with growth held back by labour strikes in South Korea even as overseas sales rose.
A Reuters poll of 13 analysts had predicted on average a net profit of 2.13 trillion won for Hyundai, which with affiliate Kia Motors is the world's fifth-biggest car maker.
Rich brew for Tata Coffee after strong Q2 earnings
Tata Coffee rose 2% to Rs 1078.65 at 10:51 IST on
BSE, with the stock extending Tuesday's 4.48% gains triggered by the
company reporting strong Q2 results.
Meanwhile, the BSE Sensex was up 19.94 points or 0.11% to 18,729.96.
On BSE, 48,000 shares were traded in the counter as against average daily volume of 30,673 shares in the past one quarter.
IRB Infra shares plunge as Corporate Affairs Ministry begins probe of Gadkari investor firms
Shares in IRB Infra plunged over 10 per cent on Thursday as the
Corporate Affairs Ministry begun an initial inquiry into companies that
have invested in the BJP president Nitin Gadkari's businesses.
NDTV had earlier reported that IRB Infra had allegedly invested in Mr Gadkari's firm Purti Power and Sugar Limited as a quid pro quo for the massive contracts the company won when he was a Maharashtra minister. IRB Infra has denied these allegations saying it has no business relationship with Mr Gadkari.
NDTV had earlier reported that IRB Infra had allegedly invested in Mr Gadkari's firm Purti Power and Sugar Limited as a quid pro quo for the massive contracts the company won when he was a Maharashtra minister. IRB Infra has denied these allegations saying it has no business relationship with Mr Gadkari.
M&M Q2: Analysts expect 11% growth in PAT at Rs 820 cr
Utility vehicle maker Mahindra & Mahindra
's (M&M) standalone profit after tax is expected to grow by 11.2
percent year-on-year and 13 percent quarter-on-quarter to Rs 820 crore
in the quarter ended September 2012.
SKF India slips on weak Q3 earnings
SKF India fell 1.97% at Rs 653 at 10:31 IST on BSE
after net profit declined 18.73% to Rs 45.26 crore on 11.02% fall in
net sales to Rs 533.68 crore in Q3 September 2012 over Q3 September
2011.
The result was announced after market hours on Tuesday, 23 October 2012.
Meanwhile, the BSE Sensex was up 2.35 points, or 0.01%, to 18,712.37.
See buying pressure in rupee at lower levels: Karvy
Karvy Stock Broking has come out with its report on USDINR. The research firm says on weekly chart USDINR has breached the 8 period EMA resistances and is move next resistance of 54.25- 54.30 of a major trend line. For today, may see buying pressure in at lower levels and it may extend its upside bullish move.
Stronger Indian demand expected after technical selling pressures Gold: Sharps Pixley
Some positive events to watch out for include the upcoming festival and marriage seasons for the Indian consumers to buy gold.
MUMBAI (Commodity On;ine): The gold market lately
has been characterized by technical selling and reduced long positions,
while hopes for stronger Indian demand are one of the bright spots,
said Sharps Pixley in a commodity snippet.
See more upside in Yes Bank: Sukhani
See more upside in Yes Bank , says Sudarshan Sukhani of s2analytics.com.
Sukhani told CNBC-TV18, " Peninsula Land has seen back to back gains for two days, that is not all, it doubled itself in the last two months. Clearly some good things are going on but now at current reckoning you have to wait again for a new buy signal which would be a new base then only buying is worth it."
Sukhani told CNBC-TV18, " Peninsula Land has seen back to back gains for two days, that is not all, it doubled itself in the last two months. Clearly some good things are going on but now at current reckoning you have to wait again for a new buy signal which would be a new base then only buying is worth it."
Kingfisher staff set to gherao Formula 1 track
Kingfisher staff set to gherao Formula 1 track. The stock was trading at Rs10.90, up by 4.81%
[Gail (India) Ltd.] looking to balance gas import portfolio
[Gail (India) Ltd.] looking to balance gas import portfolio. The stock was trading at Rs355.80, up by 0.24%
Microsoft Windows 8 all set for Friday launch
New Delhi: Microsoft is all set to launch its latest offering Windows 8 operating system on Friday.
Microsoft’s has also started to take pre-orders for Windows 8. The company has also set the price for an upgrade to the full version of the software at USD 70 for a DVD pack.
Microsoft’s has also started to take pre-orders for Windows 8. The company has also set the price for an upgrade to the full version of the software at USD 70 for a DVD pack.
HSBC upgrades Lupin to 'overweight'
HSBC upgraded Lupin (LUPN.NS) to 'overweight' from 'neutral', saying the drug maker's July-September earnings were higher than expected, while shares had under-performed peers over the past three months.
Tuesday, October 23, 2012
Lupin eyes 15 new drug launches in U.S. by March 2013
MUMBAI (Reuters) - Indian drugmaker Lupin plans to launch at
least 15 new generic products in the Time right to cut REPO rate by 100 basis points and CRR by 75 basis points to revive investments and growth: CII
The declining trajectory of inflation should spur the RBI to revisit
its monetary policy stance and cut its policy rates to revive
investments and rejuvenate industrial as well as economic growth which
have been hit by high interest costs and flagging investments said CII
in its representation to the RBI for its pre-policy consultation on
second quarter review of Monetary policy 2012-13.
Tyre makers gain on lower rubber prices
Shares of five tyre makers rose by 0.38% to 4.38%
at 14:25 IST on BSE as lower rubber prices will boost profitability of
tyre makers.
United Spirits, Diageo talks in air; stock down
Vijay Mallya may have once again hit a rough patch. Nearly six months after the liquor baron opened talks with global spirits company Diageo Plc to offload a strategic stake in his flagship United Spirits Ltd ( USL)—a move that led the Indian firm’s stock surge a phenomenal 80%—it is understood that the discussions have hit a rough patch.
There has been intense speculation that the deal is in the final lap and will be announced anytime soon, but it is understood now that there are many details to be hammered out before there is finality, if at all. The main aspect, of course, is who will control USL, India's largest spirits company with a 52% market share.
While it is learnt that Diageo may be pushing for a management control of USL, Mallya may have opted for a rethink on this. Though the UB Group spokesperson offered no comments on the ongoing talks, people closely involved in structuring the transaction indicated there were several hurdles. “There are many hurdles to cross...but discussions are still going on in good faith to find solutions,” as told.
According to information available, Mallya is mulling various options to rope in Diageo by offloading a part of his 28% stake, while also parallely offering the entire 3% held in treasury stock to Diageo.
While control of the Rs9,500-crore USL is a major issue between Mallya and Diageo, the other aspect which may have been unwieldy is the aspect of USL owning Scotland-based Whyte and Mackay. “There are anti-trust issues in the European Union if Diageo gets to control the phenomenal reserves of Whyte and Mackay. While both companies are understood to be working with anti-trust regulators to find a way forward on this aspect, there may have been some problems due to which the talks may have hit a road-block,” a senior official of UB Group indicated on the possible reasons for the delay in the transaction.
At 2.21 pm, the stock was trading at Rs1265.45, down by 2.01%, with a volume of 2.72 lakh shares trading on BSE.
There has been intense speculation that the deal is in the final lap and will be announced anytime soon, but it is understood now that there are many details to be hammered out before there is finality, if at all. The main aspect, of course, is who will control USL, India's largest spirits company with a 52% market share.
While it is learnt that Diageo may be pushing for a management control of USL, Mallya may have opted for a rethink on this. Though the UB Group spokesperson offered no comments on the ongoing talks, people closely involved in structuring the transaction indicated there were several hurdles. “There are many hurdles to cross...but discussions are still going on in good faith to find solutions,” as told.
According to information available, Mallya is mulling various options to rope in Diageo by offloading a part of his 28% stake, while also parallely offering the entire 3% held in treasury stock to Diageo.
While control of the Rs9,500-crore USL is a major issue between Mallya and Diageo, the other aspect which may have been unwieldy is the aspect of USL owning Scotland-based Whyte and Mackay. “There are anti-trust issues in the European Union if Diageo gets to control the phenomenal reserves of Whyte and Mackay. While both companies are understood to be working with anti-trust regulators to find a way forward on this aspect, there may have been some problems due to which the talks may have hit a road-block,” a senior official of UB Group indicated on the possible reasons for the delay in the transaction.
At 2.21 pm, the stock was trading at Rs1265.45, down by 2.01%, with a volume of 2.72 lakh shares trading on BSE.
Volumes jump at Standard Chartered PLC counter
Vardhman Textiles, Gujarat Pipavav Port, Diamond
Power Infrastructure, and SKS Microfinance are among the other stocks to
see a surge in volumes on BSE today, 23 October 2012.
Standard Chartered PLC clocked volume of 1.20 crore shares by 13:08 IST on BSE, a 391.07-times surge over two-week average daily volume of 31,000 shares. The stock fell 0.05% to Rs 102.90.
Rupee falls as importers step up dollar purchases
The rupee falls to 53.59-53.60 versus its previous close of 53.47-53.48 as oil importers step up dollar purchases to meet month-end import commitments in a holiday-shortened week.
The forex and debt markets will remain closed on Wednesday and Friday for local holidays.
Traders say oil firms also prompted to buy dollars on the back of a fall in global crude oil prices overnight.
Brent futures slip for a sixth day on worries over oil demand growth due to an uncertain global economic outlook, but stay above USD 109 a barrel with simmering tensions in the Middle East helping stem the slide.
Some demand for the greenback also seen from gold importers, traders say, adding they do not expect the pair to rise above 53.80 as exporters would step in to sell.
Now, invest online in gold/silver at wholesale prices
Mumbai, Oct 22 (PTI) Two companies active in bullion segment today announced launching of an online platform which allows investors to own small quantities of physical goldand silver at wholesale prices. The platform, Bullion India, will provide an online system to its members to buy, sell, hold and redeem these bars in a simple, easy and a convenient manner.
Bajaj Elec expects15-20% growth in consumer durables biz
Kingfisher crisis continues as staff wants 4 months salary
The impasse in the crisis-hit Kingfisher Airlines
continued on Monday after a section of its employees rejected its offer
of three months' salary before Diwali and demanded that their four
months salaries be paid within a day or two. Satish Chandra Mishra, a
Kingfisher employee said that the staff members will not join work until
their dues were cleared.
For ASTRAL Macd (12,26,9) line is crossing the signal line from below
For ASTRAL Macd (12,26,9) line is crossing the signal line from below
which is a positive turnaround sign. Further details check the MACD
chart http://t.in.com/3hIe
ASTRAL POLY - Warren Buffet firm's Gujarat project hangs in balance
The fate of US $ 245-million (approx. Rs 1,356 crore at current
exchange rates) chlorinated polyvinyl chloride (CPVC) unit, proposed to
be set up through a joint venture between billionaire investor Warren
Buffet's firm, Lubrizol Corporation and Ahmedabad-based Astral Poly
Technik Ltd, is hanging in the balance as there is no progress on the
project since the announcement was made in September last year.
According to sources closely monitoring the development, the project at present looks uncertain.
According to sources closely monitoring the development, the project at present looks uncertain.
Monday, October 22, 2012
Over 15 Kingfisher Airlines planes not fit to fly: Sources
In fresh trouble for cash strapped Kingfisher
Airlines, at least 15 planes leased to them have been stripped clean,
the leasing company sources told CNN-IBN. The 15 aircraft have been
stripped of crucial parts at various airports and have been declared not
fit to fly.
Rain Commodities to buy Ruetgers for $915 mln
(Reuters) - Industrial group Rain Commodities(RACL.NS) has agreed to buy German coal tar distilling company Ruetgers from Nordic private equity firm Triton for 702 million euros.
The sale of Ruetgers, a maker of industrial pitch, oils and resins for use in aluminium smelters and the steel industry, is expected to close in the first quarter of 2013, Triton said in a statement on Monday.
Gold to see major support level at Rs 30,450: CapitalVia Global Research
Gold for December delivery on the MCX is looking positive even as
international gold prices look negative. The depreciation in Indian
Rupee is the factor that is helping gold prices maintain a positive
trend in India.
India has witnessed a sharp fall in import of gold due to rise in import duty to 4% and rise in prices denting demand for the yellow metal. Although India's production of gold and diamonds have witnessed two-digit growth, it is far too short of meeting actual demand.
India has witnessed a sharp fall in import of gold due to rise in import duty to 4% and rise in prices denting demand for the yellow metal. Although India's production of gold and diamonds have witnessed two-digit growth, it is far too short of meeting actual demand.
Suzlon enters Romanian market, forms new subsidiary
Bangalore: Suzlon Group subsidiary, REpower Systems SE, has concluded a
contract with P.E. DEUS EX S.R.L., a project company (SPV) of WSB
International GmbH, to deliver eight wind turbines to Romania.
Friday, October 19, 2012
Railways revenue up 25% from freight traffic
Railways have posted over 25 per cent growth during the first six months of the ongoing fiscal from the freight traffic.
It generated Rs 39,888.95 crore (Rs 398.88 billion) from freight traffic during April-September 2012 as compared to Rs 31,802.31 crore (Rs 318.02 billion) during the corresponding period last year, registering an increase of 25.43 per cent, said a Railway statement issued on Friday.
It generated Rs 39,888.95 crore (Rs 398.88 billion) from freight traffic during April-September 2012 as compared to Rs 31,802.31 crore (Rs 318.02 billion) during the corresponding period last year, registering an increase of 25.43 per cent, said a Railway statement issued on Friday.
ITC Q2 Results
ITC Q2 beats street estimates; net profit at Rs 1,840 cr vs estimate of
Rs 1,764 cr, net sales at Rs 7,150 cr vs estimate of Rs 6,900 cr
ITC Q2 Results:Net Profit at Rs.1836.42Cr Vs Rs.1514.31Cr(YoY)
ITC Q2 Results:Net Profit at Rs.1836.42Cr Vs Rs.1514.31Cr(YoY)
Bharti Airtel, Idea Cellular drop on retrospective fee talks
NEW DELHI: Telecom stocks such as Bharti Airtel and Idea CellularBSE -0.06 %
came under pressure in trade on Friday after a panel of ministers on
Thursday recommended that existing GSM operators be charged a one-time
fee retrospectively for all second-generation airwaves they hold beyond
the 6.2 MHz mark for the tenure of their licences.
GIC Housing Finance drops after 3-day 19.9% rally
- Shares of GIC Housing Finance had jumped 19.95% in three trading sessions to settle at Rs 115.40 on Thursday, 18 October 2012, from Rs 96.20 on 15 October 2012, after the company during trading hours on 16 October 2012, reported strong Q2 September 2012 earnings.GIC Housing Finance`s net profit jumped 148.9% to Rs 23.15 crore on 29.5% growth in total income to Rs 136.54 crore in Q2 September 2012 over Q2 September 2011.
Aviation shares slide on dull passenger traffic data
- Kingfisher Airlines (down 4.58%), Jet Airways (India) (down 1.64%) and SpiceJet (down 0.84%), edged lower.The BSE Sensex was down 64.94 points, or 0.35% at 18,726.99.
Can the TATAS take over Orient-Express this time?: Offer valued at $1.86 bn comes 5 years after Bermuda chain re... http://bit.ly/Xwj7j0
Five years after being rebuffed by the
Orient-Express management, the Tata Group-promoted Indian Hotels, which
operates the Taj Group, teamed up with an Italian fund to make a second
attempt to take over the Bermuda-based chain of luxury hotels, resorts
and trains, in part.
Sensex, Nifty weak; Indian Hotels shares slump
The BSE Sensex dropped over 75 points while the broader Nifty slipped
below the key 5,700 mark in early trade on Friday. The rupee declined
for the third straight day and traded near 1-month low at 53.80.
The rupee falls
Rupee hits one-month low; oil demand hurts: Reuters Market Eye - The rupee falls to 53.77/78 versus its previous
Reliance Power announces Boiler Lightup performed at Sasan plant
The plant has also been connected to the National Grid by 400 KV transmission lines of PowerGrid.Corpn. |
|
ShriramGroup launches new company Shriram Vyapar
News Update: #ShriramGroup launches new company Shriram Vyapar to provide digital
& financial online services.
News Update: IndigoAirlines maintains no.1 position
News Update: #IndigoAirlines maintains no.1 position in market with a share of 27.2% in
September
Nifty has resistance at 5730-5750: Sudarshan Sukhani
The Indian market witnessed a decent rally on
Thursday. In an interview to CNBC-TV18, Sudarshan Sukhani of
s2analytics.com says there is a strong resistance band in the
5,730-5,750 area. "The Nifty
needs to cross that zone for us to say that the uptrend, which we were
seeing for the last two months, has resumed and the correction is over,"
he adds.
Mkt to see flat start; eyes ITC, TCS, Zeel results
Our market will start off flat and then wait for the very big numbers today to help the market either way whether we can break pass that level.
Thursday, October 18, 2012
Oil ministry freezes investments by RIL in KG offshore
Oil ministry freezes investments by RIL in KG offshore as company refuses Comptroller Auditor General (CAG) scrutiny
ACC, Ambuja to be in focus
ACC, Ambuja to be in focus: Holcim is likely collect 2% royalty from ACC and Ambuja Cement: reports
Rallis India's net profit jumped
Rallis India's Q2 consolidated net profit jumped to Rs 61.5 crore versus Rs 24.2 crore (QoQ)
KFA settled GMR dues worth Rs 10.5 crore
KFA settled GMR dues worth
Rs 10.5 crore, warrants against Vijay Mallya withdrawn. Next meet
between employees and United Breweries group mgmt on Mon
Monday, October 15, 2012
Inflation at a new high of 7.81% in September
New Delhi: Inflation in September soared to a new high of 7.81 percent
against the 7.55 percent in August in the backdrop of the government
hiking diesel prices.
Coal-block allocation: CBI files FIRs against 2 companies; crackdown in several cities
The Central Bureau of Investigation (CBI) has filed First Information
Reports or FIRs against two private firms, who were allocated coal
blocks between 2004 and 2009 by the government. Searches are also being
conducted in 16 locations in Hyderabad, Secunderabad, Vishakhapatnam,
Satna, Jaipur, Rourkela and New Delhi.
Gold falls to 2-1/2-week low on stop-loss selling
SINGAPORE: Gold
dropped to a 2-1/2-week low on Monday, extending losses from the
previous session, as stop-loss selling more than offset support from
China inflation data suggesting there was more room to ease monetary policy.
Loans to Deccan Chronicle are under finance ministry scanner
Loans to Deccan Chronicle
are under finance ministry scanner: The Economic Times. Deccan Chargers
terminated, BCCI floats tender for new team
Kingfisher extended lockout
Kingfisher extended
lockout till October 20. KFA says 1 representative from each division
called for meeting that will be held today
MTNL and BSNL ask government to pay
MTNL and BSNL ask government to pay Rs 11000 crore for 1 time payment of additional spectrum: Business Standard
Monday, October 1, 2012
Wednesday, September 12, 2012
Tuesday, August 14, 2012
Wednesday, July 25, 2012
Spain paid the second highest yield on short-term debt
Spain paid the second highest yield on short-term debt since the birth of the euro at an auction on Tuesday, and EU officials said Greece had little hope of meeting the terms of its bailout
Nifty after opening marginally positive, traded within the band of previous trading session
Nifty after opening marginally positive, traded within the band of previous trading session to form an inside day candlestick pattern. The support of 200 ays simple moving average has been respected by lows of last two trading sessions at that point and significance of 5100 as a support increases. Important resistance lies at 5200 which is the down gap area and will be in concentration
Banknifty closed with a very similar pattern to Nifty
Banknifty closed with a very similar pattern to Nifty with an inside day formation. The sector after being under pressure for the past three trading session saw a pullback and a temporary support is formed at 10230. Medium - Resistance 1 10410 term support lies at 10000 which is a psychological level as well as the breakout point of the earlier bullish pattern
Monday, July 16, 2012
Friday, July 13, 2012
Stocks Making News Today
Stocks Making News Today
SKS Microfinance launched its QIP late last night to raise up to Rs 278.5 crore at Rs 75.40 a share. This will be at a 17% discount to yesterday's closing price. The company has said that funds will be used to augment the capital base of the company and to support business expansion. The book closes at 8.30 am today morning.
SKS Microfinance launched its QIP late last night to raise up to Rs 278.5 crore at Rs 75.40 a share. This will be at a 17% discount to yesterday's closing price. The company has said that funds will be used to augment the capital base of the company and to support business expansion. The book closes at 8.30 am today morning.
Thursday, July 12, 2012
TODAY'S EVENTS
Thu, 12th Ju
IIP DATA
Dividened :
Ashok LeylandM & MUnited Phosp.M R P LJSW SteelThermax
IIP DATA
Dividened :
Ashok LeylandM & MUnited Phosp.M R P LJSW SteelThermax | July 12, 2012 | |||||||||||||||||||||||||
| |||||||||||||||||||||||||
Monday, June 25, 2012
Thursday, June 14, 2012
Indonesia will limit foreign companies....
Indonesia will limit foreign companies from owning more than 49% of some mines, potentially limiting investment - negative for Tata Power (Bumi Mines)
inflation increase in may
WPI for the month of May at 7.55% against 7.23% previous month, March Inflation revises to 7.69% from 6.89%..
Tuesday, June 12, 2012
Thursday, May 24, 2012
hike in fuel price
The hike in fuel price will reduce under-recoveries of state-run oil marketing companies (PSU OMCs) on domestic sale of diesel, LPG and kerosene at government controlled prices. Petrol was deregulated or freed from government control in June 2010.Blogger
