Tata Chemicals (Rs 351.1): Sell
We recommend a sell in the stock of Tata Chemicals from a short-term perspective. It is seen from the charts of the stock that after encountering long-term resistance (May 2008's peak) around Rs 440 in October 2010, it changed direction and ...
Day Trading Guide
DLF: The stock tumbled 5.4 per cent accompanied with above average volume on Wednesday. We recommend a sell with stiff stop-loss at Rs ...
Expansion in advances drives HDFC Bank profits
Net interest margin dips on higher interest costs. HDFC Bank continues to deliver a strong profit growth, 32.9 per cent year-on-year, thanks to expansion in advances translating to strong net ...
The fading allure of P-notes
Participatory notes gained notoriety in the last quarter of 2007 when market regulator SEBI clamped down on the issue of ...
More jewellery retail chains eye capital market
Joyalukkas, Tribhovandas file for IPOs. All that glitters is certainly gold in the present volatile market conditions, prompting jewellery retail chains to enter the capital market to expand their businesses and raise ...
Fund heads fairly bullish on Indian equity: Survey
Pharma and IT seen as premium parking space. Although the Indian capital market seems fairly valued, many mutual fund managers believe the Sensex has potential to climb to the 22,000-24,000 band by the yearend, according to a survey by ICICI ...
Consumer durables drive Bajaj Electricals' Q3 sales
Co manages to hold operating margins at 10%. Driven by higher volumes, Bajaj Electricals' consumer durable segment sales bolstered its overall performance for the third quarter of FY11. Sales growth came at 19 per cent primarily aided by a 34 ...
Midvalley Entertainment tumbles 17% on listing
The shares of Midvalley Entertainment closed 17 per cent lower at Rs 58.05 against the issue price of Rs 70 on its trading debut on Thursday. During intra-day, the stock touched a high of Rs 76.5 and a low of Rs 55 after opening at at Rs.73. ...
REGULATORY BODIES & RULINGS:
SAT adjourns Price Waterhouse case on Satyam to Feb 10
SEBI's proceedings against Price Waterhouse (PW) in the Satyam fraud case took a new turn with the audit firm appealing to Securities Appellate Tribunal (SAT) against the market regulator's ...
Dalmia Bharat Enterprises marks volatile listing
Dalmia Bharat Enterprises, the demerged entity of Dalmia Cement (Bharat), made its debut on the bourses on Thursday on a volatile note. The stock opened at Rs 190 on the NSE and during the intraday, it touched a high of Rs 227 and a low of ...
Omkar IPO well-received by retail investors, HNIs
The initial public offering of Omkar Speciality Chemicals, which closed on Thursday, was subscribed 4.67 times. It received bids for 3.77 crore shares against the 81 lakh shares ...
CFO exit pulls down Ranbaxy share price by 4%
Ranbaxy Laboratories Ltd said its President and Chief Financial Officer, Mr Omesh Sethi, has resigned with effect from January 25. This is the third high profile executive to exit the pharmaceutical company after Japanese drug firm Daiichi ...
Atlas Copco India Ltd has received on Wednesday a communication from the acquirer (Atlas Copco AB) informing that after considering prevailing market conditions and with a view to reward shareholders, they are willing to accept equity ...
S Ramesh Kumar
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