India is not holding its breath for progress at this week's meeting of top negotiators pushing for a global trade accord because of scant engagement by the United States, Trade Secretary Rahul Khullar said on Monday.
So by the end of January we have made our resolutions, promised to keep them, and have now broken them, have we not?
Birla Corporation has declared its third quarter results. The company's Q3 net profit was down at Rs 69.6 crore versus Rs 112 crore, year-on-year, YoY.
Equity benchmarks showed smart uptrend on Monday, especially led by financials ahead of RBI's quarterly monetary policy meet tomorrow. ONGC, BHEL, Infosys, NTPC, M&M, Maruti, DLF, L&T and Tata Steel also added more strength to the markets today; these gains could be because of short covering.
Angel Broking is bullish on ITC and has recommended accumulate rating on the stock with a target of Rs 186 in its January 21, 2011 research report.
IndusInd Bank has target of Rs 318, says Lancelot D'cunha, CEO, Sharyans wealth management.
Motilal Oswal is bullish on Petronet LNG and has recommended buy rating on the stock with a target of Rs 150 in its January 18, 2011 research report.
Shoppers Stop has announced its results for the quarter ended December 2010. It has reported consolidated net profit of Rs 16.5 crore as against Rs 13.6 crore, a growth of 21.32% on year-on-year basis (YoY).
LIC Housing Finance can move up to Rs 225, says Lancelot D'cunha, CEO, Sharyans wealth management.
Sobha Developers has announced its results for the quarter ended December 2010. It has reported standalone net profit of Rs 49 crore as against Rs 58.9 crore (QoQ).
Money Market Operations as on January 22, 2011
Prabhudas Lilladher is bullish on Bharat Forge and has recommended accumulate rating on the stock with a target of Rs 415 in its January 24, 2011 research report.
Amara Raja Batteries has announced its results for the quarter ended December 2010. It has reported net profit of Rs 39.7 crore as against Rs 39.9 crore.
Jindal Steel & Power (JSPL) has announced its results for the quarter ended December 2010. It has reported consolidated net profit of Rs 951 crore as against Rs 874 crore, a growth of 8.81% on year-on-year basis.
A final decision on granting green clearances for South Korean steelmaker POSCO's steel mill in India's eastern Orissa state will be made on January 31, Environment Minister Jairam Ramesh said.
Yes Bank can touch Rs 320, says Rakesh Gandhi, Senior Technical Analyst, LKP.
By Chakrapani Misra, Partner of Khaitan & Co
Tube Investments of India has its Board of Directors meeting on January 29, 2011 to consider interim dividend for the financial year March 31, 2011.
Amara Raja Batteries at its meeting held on January 24, 2010 has declared one-time special dividend at Rs 2 per share.
Motilal Oswal is bullish on GAIL India and has recommended buy rating on the stock with a target of Rs 514 in its January 18, 2011 research report.
At 15 hours IST - the benchmark Sensex was still holding 100 points gains amid a bit of volatility, led by support from financials ahead of RBI's quarterly policy meet. Heavyweights like ONGC, BHEL, NTPC and Infosys were other leading gainers followed by metal, realty, cement and select metal companies' shares.
The direction of reforms Hungary has pledged to announce next month is "promising" but only the details will show if they ensure a sustainable fiscal adjustment, the country's IMF representative said on Monday.
Bharti Airtel aims to launch 3G wireless services across all its 13 telecoms zones in India by March and expects the premium offering to help stabilise its average revenue per user (ARPU).
Shoppers Stop touched an intraday high of Rs 374.80 and an intraday low of Rs 360. At 14:48 hrs the share was quoting at Rs 367.55, up Rs 14.80, or 4.20%.
CRISIL Equities has assigned a grade of 1/5 to the proposed IPO of Sudar Garments, which indicates that the fundamentals of the IPO are poor relative to other listed equity securities in India, according to CRISIL report dated January 21.