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Hero Honda Motors board has approved interim dividend of Rs 70 per share, reports CNBC-TV18. It touched an intraday high of Rs 1,719.15 and an intraday low of Rs 1,628. At 13:36 hrs the share was quoting at Rs 1,708, up Rs 68.90, or 4.20%.
Mahindra Satyam is likely to resubmit appeal in tax case to supreme court on April 15. The company withdrew earlier tax appeal after SC observations, quoting Sources, reports CNBC-TV18. It touched an intraday high of Rs 77 and an intraday low of Rs 75.65. At 13:35 hrs the share was quoting at Rs 75.85, down Rs 0.85, or 1.11%.
Hexaware Technologies has target of Rs 85, says Ajay Parmar, Head-Institutional research, Emkay Global Financial Services Ltd.
Sunidhi Securities is bullish on MBL Infrastructures and has recommended buy rating on the stock with a target of Rs 260 in its April 13, 2011 research report.
The Nifty was trading higher at around 5850 levels. All sectoral indices were trading in green. Strong buying was seen in capital goods, auto, IT, bankex, FMCG and power stocks.
KRChoksey is bullish on Indoco Remedies and has recommended buy rating on the stock with a target of Rs 517 in its April 11, 2011 research report.
Sushil Finance is bullish on Navneet Publications India and has recommended accumulate rating on the stock with a target of Rs 68 in its April 11, 2011 research report.
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, Shree Cements quarter sales are expected to go up by 14% at Rs 1071.6 crore, year-on-year, (YoY) basis.
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, Orient Paper quarter sales are expected to go up by 12% at Rs 613.6 crore, year-on-year, (YoY) basis.
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, Madras Cements quarter sales are expected to go up by 8% at Rs 681.5 crore, year-on-year, (YoY) basis.
Bafna Spinning Mills and Exports is quoting ex-split today. The company has sub-divided the equity shares of the company from a face value of Rs 5 to the current face value of Re 1 each.
CRISIL Research has come out with its report on Responsive Industries. The research firms continue to value Responsive based on the discounted cash flow method and retain the fair value of Rs 85. Hence, we maintain the valuation grade of 2/5.
Infosys Technologies is expected to beat its earlier revenue guidance for the fourth quarter (January-March), which is usually a weak quarter for most tech companies, and guide to an 18-20% revenue growth in dollar terms in 2011-12.
CRISIL Research has come out with its report on Infinite Computer Solutions India. The research firm, continue to use the discounted cash flow method to value Infinite. Due to the utilisation of surplus cash, the buyback would not significantly impact our fair value of Rs 269 per share. Hence, we maintain the valuation grade of 5/5.
DSP BlackRock Mutual Fund has slashed its exposure in banking & financial services, information technology and engineering & capital goods space.
CRISIL Research has come out with its report on NTPC. The research firm, continue to use the discounted cash flow method to value NTPC and maintain our fair value of Rs 232 per share and valuation grade is 5/5.
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, India Cements quarter sales are expected to go up by 7% at Rs 1028.3 crore, year-on-year, (YoY) basis.
Firstcall Research is bullish on Biocon and has recommended buy rating on the stock with a target of Rs 430 in its April 11, 2011 research report.
CRISIL Research has come out with its report on Maithan Alloys. The research firm has used the EV/EBITDA method to value Maithan and arrived at a fair value of Rs 195 per share.
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, Grasim Industries quarter sales are expected to go up by 25% at Rs 1383.7 crore, year-on-year, (YoY) basis.
Indian equity benchmarks were strong in trade after witnessing a consolidation in previous four days with a negative bias. About 40 stocks out of 50 on the Nifty were in green .
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, Ambuja Cements quarter sales are expected to go up by 11% at Rs 2205.7 crore, year-on-year, (YoY) basis.
CRISIL Research has come out with its report on Electrosteel Castings. The research firm has maintained fair value estimate of Rs 58 per share and the valuation grade of 5/5.
Emkay Global Financial Services has come out with its earning estimates on cement sector for the quarter ended March 2011. According to the research firm, ACC quarter sales are expected to go up by 15% at Rs 2416.6 crore, year-on-year, (YoY) basis.
CRISIL Research has come out with its report on Century Plyboards. The research firm has maintained fair value at Rs 73 per share. The stock is trading at Rs 66 per share indicating 11% upside from the current level.
