Buy Bharti Airtel; target of Rs 352: IIFL
IIFL is bullish on Bharti Airtel and has recommended buy rating on the stock with a target of Rs 352 in its January 12, 2011 research report.
Prajay Engg allots 1.09cr shrs upon conversion of warrants
Prajay Engineers Syndicate has allotted 1.09 crore shares upon conversion of warrants, reports CNBC-TV18. It touched an intraday high of Rs 17.20 and an intraday low of Rs 16.55. At 09:47 hrs the share was quoting at Rs 16.90, up Rs 0.55, or 3.36%.
Shekhawati Poly-Yarn debuts at Rs 50 on NSE
Textile firm Shekhawati Poly-Yarn's shares started the first session at Rs 50, a premium of 66.67% over an issue price of Rs 30 a share on National Stock Exchange.
Valecha Eng bags orders worth Rs 194.5 cr; stk gains
Valecha Engineering has bagged orders worth Rs 194.5 crore, reports CNBC-TV18. It touched an intraday high of Rs 135 and an intraday low of Rs 117.75. At 09:43 hrs the share was quoting at Rs 118.80, up Rs 4.55, or 3.98%.
iGate-Patni Deal May Trigger Consolidation Wave: Analysts
The much-touted iGate-Patni deal has finally seen light of day. Will the deal spur a wave of consolidation in Indian IT services firm? Will both entities face integration challenges?
Clarus Infra sells 1.95 Lk shares of Chhattisgarh Ind
On January 11, 2011 Clarus Infrastructure Realties Limited sold 195,501 shares of Chhattisgarh Industries at Rs 7.36. However, Prism Impex Private Limited bought 200,000 shares at Rs 7.36. Yesterday the share closed at Rs 7.34.
Stylish furniture, consumable and Piaggio's NT3
The best of consumables, automobiles and furniture.
Art market is back
After a gut-wrenching correction that has largely eliminated the wannabe money throwers, the art market is back on a surer footing.
Kiranbhai Popatbhai buys 4 lakh shares of Well Pack Paper
On January 11, 2011 Kiranbhai Popatbhai Alodariya bought 400,000 shares of Well Pack Papers and Containers at Rs 15.42 on the BSE and Sonal Shares Investment & Company (meet Sumanbhai Patel) bought 400,000 shares at Rs 15.45. Yesterday the share closed at Rs 15.
Reliance Mutual Fund buys 1.5 Lk shares of Zuari Inds
On January 11, 2011 Reliance Mutual Fund bought 150,000 shares of Zuari Industries at Rs 645 on the BSE. Yesterday the share closed at Rs 649.80.
Wyeth declares interim dividend at Rs 15/shr
Wyeth has declared interim dividend at Rs 15/share, reports CNBC-TV18. It touched an intraday high of Rs 859 and an intraday low of Rs 818. At 09:28 hrs the share was quoting at Rs 842, up Rs 28.55, or 3.51%.
Pfizer gains 2.7% on better Q4 numbers
Pfizer Q4 net profit was up at Rs 43.6 crore versus Rs 25.4 crore, year-on-year, reports CNBC-TV18. It touched an intraday high of Rs 1,162.40 and an intraday low of Rs 1,145.20. At 09:22 hrs the share was quoting at Rs 1,155, up Rs 31.20, or 2.78% on the NSE.
Tata Steel board approves FPO of 5.7 crore shares; stk down
Tata Steel board has approved FPO of 5.7 crore shares. It will raise Rs 3700 crore at CMP. The promoter holding will come down by 2%, reports CNBC-TV18. It touched an intraday high of Rs 650 and an intraday low of Rs 639.30. At 09:18 hrs the share was quoting at Rs 640.25, down Rs 6.30, or 0.97% on the NSE.
Poll: Nov industrial output growth seen at 6.6%
India's industrial output growth probably slowed to 6.6% in November from a year earlier, a median forecast in a Reuters poll showed, as price rises began to bite in Asia's third-largest economy, which is growing at almost 9%.
News Roundup: iGate Open Offer For Patni To Start In March
Nasdaq-listed iGate today made an open offer to acquire another 20.6% in Patni Computer Systems. iGate will be paying Rs 503.5 per share.
Rupee opens at 45.06 per dollar
The Indian rupee opened at 45.06 per dollar versus 45.16 yesterday.
Nifty bounces back; ONGC, RIL, TCS, Infy, SBI, Bharti lead
The benchmark Nifty bounced back sharply in early trade today led by buying in financial, metal, telecom, realty, technology and select infrastructure companies' shares. Index was hovering around 5800 level amid a bit of volatility.
Bank, paint stocks to outperform: Astrostocktips
Banking and paints sectors will be receiving astrological support, says Satish Gupta of astrostocktips.
Master card: The UID faces opposition
The unique identity (UID) numbers being issued with much fanfare have no legal sanctity. This may surprise many who casually know about the UID scheme and believe it represents a progressive and transparent new India.
Money Market Operations as on January 11, 2011
Money Market Operations as on January 11, 2011
Buy Havells India for intraday: Astroprofit
Havells India incorporated on dated December 31, 1983. Today Moon is transiting over the 5th house from the natal moon and other planetary combinations are indicating some upside in coming days.
Nifty may correct up to 5687-5621: Angel Broking
According to a report by Angel Broking, if Nifty trades below 5765 levels for the first half-an-hour of trade then it may correct up to 5687-5621 levels.
Real action may be seen in gold today: Astromoneyguru
As per financial astrology Gold likely to see real action today in electronic trading, says Ajay Jain of astromoneyguru.
Nifty likely to witness range of 5840-5665: Bhambwani
The coming session is likely to witness a range of 5840 on advances. Support is likely at the 5665. The wide range is due to the unusually high base effect of Tuesday's range.
