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Prabhudas Lilladher has come out with its earning estimates on construction sector for the quarter ended September 2008. According to the research firm, Larsen & Toubro's September quarter revenue is expected to go up 27.3% at Rs 70,991 million (Rs 7099.1 crore)....
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Keynote Capitals Research has maintained its buy rating on Pyramid Saimira Theatre....
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There is a global meltdown and it’s a terribly gloomy picture all across. Asian markets slumped on Wall Street cues. Crude has fallen below USD 86 pre barrel and is now trading at USD 82.15 per barrel on demand concerns. Gold prices plunged on demand concerns....
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At 11:37 am, Tech Mahindra was quoting at Rs 721.20, down Rs 38.55, or 5.07%. BT may sell it’s 31% stake in Tech Mahindra to TCS, reports The Economic Times. It was trading with volumes of 14,212 shares. On Friday the share closed down 2.42% or Rs 18.85 at Rs 759.75....
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Angel Broking has upgraded its rating on Rico Auto from neutral to accumulate with a target of Rs 18. The research firm assigns a target multiple of 2.5x FY2010E EV/EBITDA and 6x FY2010E consolidated earnings to the stock....
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At 11:22 am, Tata Power Company was quoting at Rs 762, down Rs 42.6, or 5.29%. It has touched an intraday high of Rs 790 and an intraday low of Rs 699. The company is looking to increase stake in Indonesia’s Bumi Resources. It already owns 30% in two unlisted coal subsidiaries of Bumi, reports The Economic Times. ...
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It's been the worst weekly performance for the markets. Over the last five sessions, the Nifty has lost over 14%, while the Sensex has lost 16%. E Mathew, Director of Mathew Easow Fiscal Services is negative on ICICI Bank, Reliance Communication and Gujarat NRE Coke. Rajen Shah, CIO, Angel Broking is positive on Bombay Dyeing and Indian Hotels....
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