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MARKETS
RECOMMENDATION:
Aditya Birla Nuvo (Rs 1324.40): Buy
We recommend a ‘buy’ in Aditya Birla Nuvo from a short-term perspective. From the charts of Aditya Birla Nuvo, we notice that the stock had been on an intermediate term downtrend from January 2008 peak of Rs 2,502 to its ...
RECOMMENDATION:
Day Trading Guide
INVESTMENTS:
Hardening rates push investors to debt schemes
Fixed maturity plans attract MF participants. Mumbai, July 31 Mutual fund debt schemes – both fixed maturity plans and liquid schemes – seem to be finding favour among both investors and fund houses as interest rates continue to ...
OPEN OFFERS:
Daiichi Sankyo open offer to Ranbaxy extended
Offer scheduled to open on August 8. Mumbai, July 31 The much-talked about Daiichi Sankyo open offer for acquiring additional 20 per cent stake in Ranbaxy Laboratories has been extended, pending approval from SEBI which is expected early next ...
IPOS:
Austral Coke IPO price band fixed at Rs 164-196
Issue opens on August 7; has green shoe options too. Mumbai, July 31 Austral Coke and Projects Ltd, a company engaged in the manufacture of low ash metallurgical (LAM) Coke, on Thursday announced its foray into the capital market with an IPO ...
IPOS:
Persistent Systems to tap capital market
Also to consider pre-IPO placement. Pune, July 31 Persistent Systems, a software product development services company, has plans to enter the capital market. ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 31 BASF India Ltd’s Board of Directors at the meeting held on July 31 approved the setting up of compounding plant at Thane for the engineering plastics business. ...
FINANCIAL SERVICES:
Orbis Financial to offer custodial services
Orbis Financial Corporation Ltd, a new custodial services provider, has received Securities and Exchange Board of India’s (SEBI) nod to commence operations ...
STOCKS:
Areva board okays stock split
Mumbai, July 31 The board of directors of Areva T&D India Ltd has approved a stock split. Each share of Rs 10 would be split into five equity shares of Rs 2 each, the company said in a press release. The existing authorised share capital ...
STOCKS:
Other income, lower tax outgo cushion Tata Motors profit
Clouded near term outlook. Tata Motors reported a 30 per cent decline in profits on net sales growth of 14 per cent in the first quarter. The rise in revenues was driven by a 7 per cent increase in prices, though total volumes grew by a ...
DERIVATIVES MARKETS:
Tata Steel, Reliance Capital see healthy rollovers
The Nifty August future ended with a marginal premium of about three points at 4335.1 against the spot close of 4332.95. The gap, which was more than 15 points during intra-day dealings, narrowed down to just three points, mainly on account of ...
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