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European markets tumbled last night, and the US indices also made big losses, though they closed well above their lows. Asian markets are mixed this morning, and the ones that are in the red have climbed up from their lows. This suggests that select stocks may recover today....
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Nirmal Bang has assigned a buy rating on Suzlon Energy with a target of Rs 194. The research firm expects Suzlon to report a CAGR of 38.5% during FY08 to FY12E in net sales on the back drop of strong order book position and significant expansion plans of the company....
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Tata Motors has signed an agreement with the Gujarat government for the Nano Plant. Nano will manufacture 2.5-3.5 lakh units in the first phase and 5 lakh units in the second phase. More than 60 industries will come up together in the same complex. Rajkot will be the location for the second and the third ancillary units. ...
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Morgan Stanley announced the launch of its private wealth management business in India, on September 16, 2008, to offer wealthy individuals and families access to world-class investment products and services....
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Jyotivardhan Jaipuria, Head of Research, DSP Merrill Lynch feels that the global events and earnings season are the key triggers in the near-term. Commenting on RBI’s move on CRR cut he said that it is partly influenced by a spate of global monetary loosening....
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It was an extremely volatile outing for the markets. Sajiv Dhawan, JV Capital Services feels that we are in a very unique situation. “Based on valuations and the current economy, I would stick my neck out and say I would buy the index."...
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