Som Mandal: In the Swami’s Steps
Som Mandal: In the Swami’s Steps
Sadbhav Fin Stock buys 14.50 lk shrs of Sadbhav Eng
On February 01, 2011 Sadbhav Fin Stock Private Limited bought 1,450,000 shares of Sadbhav Engineering at Rs 101 on the NSE. Vishnubhai Mafatbhai Patel sold 1,450,000 shares at Rs 101. Yesterday the share closed at Rs 104.65.
SAIL raises prices of steel products; stk up
Steel Authority of India (SAIL) has raised prices on range of steel products, , quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 163.40 and an intraday low of Rs 161.60. At 09:29 hrs the share was quoting at Rs 161.70, up Rs 1.05, or 0.65%.
Sell TCS; target of Rs 1025: Aditya Birla Money
Aditya Birla Money is bearish on Tata Consultancy Services (TCS) and has recommended sell rating on the stock with a target of Rs 1025 in its February 2, 2011 research report.
NMDC up 2% on robust Q3 results
NMDC Q3 net profit was up 81% at Rs 1,518 crore versus Rs 837 crore, year-on-year, YoY. It touched an intraday high of Rs 273 and an intraday low of Rs 267.70. At 09:25 hrs the share was quoting at Rs 269.90, up Rs 4.90, or 1.85%.
Oil steady with Brent near $102, Egypt stays in focus
Oil was steady on Wednesday, with Brent close to a 28-month high, on concerns that anti-government protests in Egypt would trigger a wave of regime change in the Middle East and North Africa, source of more than a third of the world's oil.
Bharti Airtel declares Q3 numbers; stk up
Bharti Airtel touched an intraday high of Rs 316.90 and an intraday low of Rs 304.25. At 09:22 hrs the share was quoting at Rs 315.60, up Re 1, or 0.32%. The company has reported consolidated net profit of Rs 1,303 crore for the quarter ended December 2010, down 21.55% as compared to Rs 1,661 crore in previous quarter, reports CNBC-TV18.
Filatex India Q3 PAT up 23.8% at Rs 5.2 cr
Filatex India Q3 revenue was up 17.4% at Rs 126.9 crore versus Rs 108.1 crore, YoY. Its PAT was up 23.8% at Rs 5.2 crore versus Rs 4.2 crore, YoY.
Hindustan Zinc looks to up silver production to 500 tonne
The Vedanta group may look at unlocking value of its growing silver business as it enhances production over the next couple of years, reports CNBC-TV18’s Swati Khandelwal Jain.
Nakoda Q3 PAT up 23.8% at Rs 5.2 cr
Nakoda Q3 revenue was up 36.5% at Rs 381.3 crore versus Rs 279.3 crore, YoY. Its PAT was up 36.8% at Rs 9.3 crore versus Rs 6.8 crore, YoY.
Nifty bounces back after 5-day sell-off; Bharti, RIL lead
Equity benchmarks clawed back on the back of short covering, which was imminent after selling seen in previous five sessions. The Nifty inched up above the 5450 level. But there was a bit of profit booking at higher levels.
Sugar, textile and pharma to outperform: Astrostocktips
Sugar, textile and pharma sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
Parabolic Drugs Q3 PAT up 33.2% at Rs 12.5 cr
Parabolic Drugs Q3 revenue was up 29.8% at Rs 151.5 crore versus Rs 116.7 crore, YoY. Its PAT was up 33.2% at Rs 12.5 crore versus Rs 9.4 crore, YoY.
PE firm Milestone to invest $450 mn in 2011
Indian private equity firm Milestone Capital Advisors plans to invest USD 450 million this year, with a focus on the education, healthcare and real estate industries, its managing director said in an interview.
DCM Shriram Conso Q3 net loss at Rs 4.4 cr
DCM Shriram Consolidated Q3 revenue was up 14.4% at Rs 977.2 crore versus Rs 854 crore, YoY.
Gujarat Ambuja Exports Q3 PAT up 173% at Rs 28.7 cr
Gujarat Ambuja Exports Q3 revenue was up 47.6% at Rs 649.7 crore versus Rs 440.2 crore, YoY. Its PAT was up 173.3% at Rs 28.7 crore versus 10.5 crore, YoY.
Bharti Airtel Q3 net profit down 22% at Rs 1303 cr
India's largest telecom operator Bharti Airtel has reported consolidated net profit of Rs 1,303 crore for the quarter ended December 2010, down 21.55% as compared to Rs 1,661 crore in previous quarter, on hike in interest cost.
Rupee opens at 45.55 per dollar
The Indian rupee opened at 45.55 per dollar versus 45.76 yesterday.
Money Market Operations as on February 01, 2011
Money Market Operations as on February 01, 2011
Nifty likely to witness range of 5500-5330: Bhambwani
The coming session is likely to witness a resistance at 5500 on advances above which the 5525 maybe seen. Support is likely at the 5330. The bullish pivot for the session is likely at the 5490 levels and the bearish pivot at the 5450 levels.
Returns from Asia unlikely to be +ve in H1: Morgan Stanley
Inflationary pressures are starting to adversely impact the performance of Asia & EM equities, says Jonathan Garner of Morgan Stanley.
US factories boom in January, inflation signs rise
The US manufacturing sector grew at its fastest pace in nearly seven years in January and signs of inflation jumped more than expected as a recovery in the world's biggest economy gained traction.
News Roundup: UK investor takes 26% in Destimoney
Serial entrepreneur Raghuvinder Kataria has acquired a 26% stake in broking firm Destimoney Securities for close to Rs 21 crore. The deal comes close on the heels of Dhanlaxmi Bank which bought into the Mumbai-based financial services firm last October
Keep eyes on Titan Industries: Astromoneyguru
Now as per astro economics upward movement in Sterlite Ind also expected, says Ajay Jain of astromoneyguru.
