Bear of the day: Stock that lost 41% market cap in 3 days
Bangalore based IT service provider Acropetal Technologies plunged 19.97% or Rs 19.10 to end at Rs 76.55 on the BSE. It touched an intraday high of Rs 99.55 and an intraday low of Rs 76.55.
Rcom to offer most affordable internet access across country
Reliance Communications has slashed the cost of Reliance Netconnect USB stick modem to Rs 1099/- and offers unlimited data usage at affordable tariff of just Rs 169/- only for prepaid users. This plan has been launched across the country except the top 1000 towns.
Lovable Lingerie ends with 23% premium on debut
The new kid on the block Lovable Lingerie - women’s innerwear manufacturer -ended with 23.10% premium on the National Stock Exchange, at Rs 252.35 as against issue price of Rs 205 a share.
Lifestyle creep: One item at a time! Happens slowly
Did you realize that you grow old one day at a time, you grow fat one kilo at a time….it is all an SIP..similarly lifestyle creep also happens slowly.
Nifty ends above 5500; financials, infra, metals, tech lead
Indian equity benchmarks sustained their upmove for the third consecutive session on Thursday, with the Sensex gaining more than 500 points in three days.
Accumulate Torrent Pharma; target of Rs 581: Sushil Finance
Sushil Finance is bullish on Torrent Pharmaceuticals (TPL) and has recommended accumulate rating on the stock with a target of Rs 581 in its March 24, 2011 research report.
Non-food inflation reversal is a big concern: Subir Gokarn
In the opinion of the RBI deputy governor Subir Gokarn, rising crude prices have created more risks for the global economy besides inflation, which is hampering growth to a greater extent, reports CNBC-TV18 quoting Dow Jones.
Portugal unlikely to seek immediate EU bailout: Source
Portugal is unlikely to ask the European Union for a financial bailout package during an EU leaders' summit on Thursday and Friday, but it cannot be ruled out, a senior EU official said on Thursday.
Sensex climbs 150 points again; TCS, BHEL, Hindalco, ICICI Bank lead
The benchmark Sensex rallied 150 points again at 15 hours despite rising crude oil prices on the NYMEX to USD 106.5 a barrel. TCS and BHEL were the leading stocks, with gaining nearly 3% on Nifty.
Rupee firm on local shrs, dollar inflows, Asian peers
The rupee stayed stronger in afternoon trades on Thursday drawing comfort from strong local shares and robust dollar inflows.
Finance Minister introduces pension bill in parliament
The finance minister introduced a long-awaited pension bill in parliament on Thursday that would pave the way for private players in the sector and help cut government spending.
Only buyers in Biopac India Corp; stock up 10%
Biopac India Corporation touched an intraday high of Rs 16.31 and an intraday low of Rs 14.50. At 14:58 hrs the share was quoting at Rs 16.31, up Rs 1.48, or 9.98%.
Smallcap gainer: Suryachakra Power surges 11.5%
Suryachakra Power Corporation touched an intraday high of Rs 13.75 and an intraday low of Rs 11.60. At 14:54 hrs the share was quoting at Rs 13, up Rs 1.35, or 11.59%.
Parsvnath Developers gains 4.5%
Parsvnath Developers touched an intraday high of Rs 40.40 and an intraday low of Rs 37.60. At 14:46 hrs the share was quoting at Rs 39.50, up Rs 1.70, or 4.50%.
Ashok Leyland gains further ground
Ashok Leyland touched an intraday high of Rs 55.90 and an intraday low of Rs 53.60. At 14:39 hrs the share was quoting at Rs 55.80, up Rs 2.35, or 4.40%.
Career Point up on large volumes
Career Point Infosystems touched an intraday high of Rs 361 and an intraday low of Rs 312. At 14:36 hrs the share was quoting at Rs 358.50, up Rs 46.45, or 14.89%.
Buy Biocon; target of Rs 415: FairWealth Securities
FairWealth Securities is bullish on Biocon and has recommended buy rating on the stock with a target of Rs 415 in its March 24, 2011 research report.
BHEL among major gainers
Bharat Heavy Electricals (BHEL) was among major gainers on the Sensex. It touched an intraday high of Rs 2,054.00 and an intraday low of Rs 2,001. At 14:34 hrs the share was quoting at Rs 2,048, up Rs 53.60, or 2.69%.
Buy Pratibha Ind; target of Rs 72: ULJK Securities
ULJK Securities is bullish on Pratibha Industries and has recommended buy rating on the stock with a target of Rs 72 in its March 22, 2011 research report.
Buy Infinite Computer Solutions; target of Rs 246: ULJK Securities
ULJK Securities is bullish on Infinite Computer Solutions and has recommended buiy rating on the stock with a target of Rs 246 in its March 22, 2011 research report.
Imax signs 75-theatre deal with China's Wanda Cinema
Imax Corp, which operates a chain of big-screen movie theatres, said it has signed a 75-theatre joint revenue-sharing deal with China's Wanda Cinema Line Corp, marking the Canadian firm's largest international deal.
POSCO lifts sales target on Japan order
South Korea's top steelmaker POSCO said on Thursday it had revised its sales volume target up by 1 million tonnes and will raise output to meet orders from clients in disaster-hit Japan.
Japan economy seen shrinking in April-June, picking up later
The Japanese economy is set to shrink in the April-June quarter following a deadly earthquake and tsunami earlier this month, with a median forecast in a Reuters poll pointing to a 1.4% annualised contraction.
Radiation scare sparks run on bottled water in Tokyo
Stores in Tokyo were running out of bottled water on Thursday after radiation from a damaged nuclear complex briefly made tap water unsafe for babies, while more nations curbed imports of Japanese food.
