Moneycontrol News Archive

Shree Ganesh Forgings to raise Rs 15cr

9th May, 2005 17:32

Shree Ganesh Forgings will launch its IPO on May 18 to raise Rs 15 crore. The company's oder book is in a comfortable position, and it expects to grow by 29% in FY

JVSL, Euro Ikon, JPL merger on the anvil

9th May, 2005 17:20

The Swap Ratio will be one share of JVSL for 16 shares of Euro Ikon, one share of JVSL for 25 shares of Euro Coke, and one share of JVSL for 25 shares of JPL.

Allsec Tech is a safe bet at Rs 120: Harihar

9th May, 2005 17:04

TS Harihar of Karvy Stock Broking says that Allsec Technologies has got a good business model and buying the stock at Rs 120 would be a safe bet.

Interest, futures volume to surge soon: Jain

9th May, 2005 16:59

An interesting phenomenon is the Nifty is the huge trading discount for the Nifty futures. This, feels Nitin Jain, can not be a short phenomenon with the market go

Syndicate Bank to reduce govt stake to 63%

9th May, 2005 16:33

The PSU bank attributes a drop in profits to a wage revision. The date of the IPO is to be decided in the coming week or two, and once launched, it will bring gove

Oil refiners to share subsidy burden

9th May, 2005 16:29

The oil ministry has asked oil refiners, including private ones, to work out an equitable subsidy burden sharing formula with oil companies and upstream companies.

Allsec Tech closes at Rs 128.10 on BSE

9th May, 2005 16:14

Allsec Technologies closed at Rs 128.10, with volumes 13,92,339 of shares on the BSE. The stock was issued at Rs 135.

Saksoft closes at Rs 108.30 on NSE

9th May, 2005 16:05

Saksoft closed at Rs 108.30, with volumes of 1,39,98,144 shares on the NSE. The stock was issued at Rs 30.

On downside Dr Reddy's can go below Rs 600

9th May, 2005 15:51

Rajat Bose feels that Dr Reddy's Laboratories has got a strong support at Rs 616, but once this level is breached then the stock can slip well below Rs 600.

Rain Calcining will witness profit booking

9th May, 2005 15:42

In Rajat Bose's view, Rain Calcining will be showing good movements. It will face a tough resistance at Rs 25.50 where it will also see some profit booking.

Low volumes, high Nifty discount persist

9th May, 2005 15:30

Volume trade in the F&O side was low. Nifty futures traded at a huge 15 point discount. The top traded counters were Tata Steel, Tata Motors, SBI, Satyam, RIL and

McNally Bharat rights issue details by May31

9th May, 2005 15:22

McNally Bharat is still deciding on the pricing of its rights issue, but the issue should be sorted out by the end of this month.

Nifty crosses 2000: Broadbased buying

9th May, 2005 15:05

The markets have sustained the gains amid buying across the board. Gains are seen in technology, auto, metal, FMCG, pharma, banking, oil, cement, media and telecom

Samtel Colour has resistance around Rs 108

9th May, 2005 15:00

Salil Sharma says that Samtel Colour looks good. The stock can fetch gains once it crosses Rs 108 levels.

Dr Reddy's will bounce back: Contractor

9th May, 2005 14:46

Imran Contractor is of the view that the hammering faced by Dr Reddy's was anticipated. He feels that the stock has got a potential to move up.