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The Chairman and CEO of Berkshire Hathaway, Mr Warren Buffett, who is in India regaled audience in Bangalore by saying he regards metals as a very exciting industry.
IFCI touched an intraday high of Rs 52.70 and an intraday low of Rs 51.50. At 10:39 hrs the share was quoting at Rs 52.40, up Rs 0.75, or 1.45%.
The much awaited SBI retail bond issue final subscription numbers have arrived. The good news for retail investors is that the company has made full allotment of bonds worth Rs 4497 crore despite retail category oversubscribed by 4.5 times.
Kotak Mahindra Bank touched an intraday high of Rs 434 and an intraday low of Rs 421. At 10:37 hrs the share was quoting at Rs 432.60, up Rs 11.15, or 2.65%.
Tata Communications (Tata Comm), which is caught in a dispute with the government over 773 acres of surplus land it received in 2002, said that demerger of the surplus land will go to the government and shareholders.
Tata Communications has upgraded company's rating to neutral from underweight. It raised target price to Rs 241 from Rs 225, reports CNBC-TV18. It touched an intraday high of Rs 228.50 and an intraday low of Rs 219.80. At 10:31 hrs the share was quoting at Rs 226.75, up Rs 6.95, or 3.16%.
Jindal Steel & Power touched an intraday high of Rs 670.35 and an intraday low of Rs 659.10. At 10:31 hrs the share was quoting at Rs 660.10, down Rs 0.30, or 0.05%.
On March 22, 2011 CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED sold 225,000 shares of Trinethra Infra Ventures at Rs 8.70 on the BSE.
Glenmark Generics Ltd said Wednesday that the US Food and Drug Administration has approved its US arm's drug Briellyn, a generic version of the female oral contraceptive Ovcon.
Lovable Lingerie, one of India’s leading women’s innerwear manufacturers, will be listing its equity shares on the exchanges on March 24. The issue price has fixed at higher end of price band of Rs 195-205 a share.
On March 22, 2011 B K S HOLDINGS PRIVATE LIMITED sold 500,000 shares of Lakshmi Vilas Bank at Rs 95.18 on the NSE. Yesterday the share closed at Rs 95.20.
ICICI Bank touched an intraday high of Rs 1,029.60 and an intraday low of Rs 995.10. At 10:24 hrs the share was quoting at Rs 1,028.05, up Rs 24.70, or 2.46%.
On March 22, 2011 AXIS BANK LIMITED bought 2,000,000 shares of KS Oils at Rs 31.68 on the NSE. Yesterday the share closed at Rs 32.55.
On March 22, 2011 PRUTHVI BROKERS AND SHARE HOLDINGS PVT. LTD. bought 222,000 shares of Crest Animation Studios at Rs 51 on the BSE. Yesterday the share closed at Rs 50.60.
Goldman Sachs cut its 12-month target price on Reliance Communications by 26% to Rs 115, citing reduction in the company's core business value.
Indian equity benchmarks climbed higher after quiet opening, with the Sensex gaining nearly 200 points at 10:16 hours, supported by 28 stocks out of 30. Financial, infrastructure, oil & gas, metal, FMCG, cement and select technology companies' shares were pushing the markets higher.
Lovable Lingerie, one of India’s leading women’s innerwear manufacturers, has fixed Thursday, March 24 as a listing date for its equity shares issued recently via public issue of 45.5 lakh equity shares.
Tata Steel, the world's No 7 steelmaker, is in talks to buy coking coal mines in western Canada, the Business Standard reported on Wednesday, citing an unnamed official close to the development.
Peninsula Land promoters has acquired additional 1.44% stake in the company, reports CNBC-TV18. It touched an intraday high of Rs 60.05 and an intraday low of Rs 57.55. At 09:57 hrs the share was quoting at Rs 57.90, down Rs 2.10, or 3.50%.
Glenmark Pharma has got final US FDA okay for Ethinyl Estradiol, Norethindrone, reports CNBC-TV18. It touched an intraday high of Rs 279.80 and an intraday low of Rs 273. At 09:52 hrs the share was quoting at Rs 278.80, up Rs 7.15, or 2.63%.
Telecom, sugar and banking sectors will be getting astrological support, says Satish Gupta of astrostocktips.
Mahindra Satyam touched an intraday high of Rs 67.80 and an intraday low of Rs 66.50. At 09:47 hrs the share was quoting at Rs 67.05, down Rs 0.15, or 0.22%. Andhra Pradesh High Court has frozen couple of company's bank accounts. The High Court is going to hear firm's plea on coming Friday, reports CNBC-TV18.
Empowered Group of Ministers (EGoM) allowed export of 5 lakh tonne of sugar under open general licence (OGL), reports CNBC-TV18.
CESC is going to invest Rs 6800 crore to double its Balagarh plant capacity in West Bengal from 660 mw to 1320 mw, reports CNBC-TV18. It touched an intraday high of Rs 304.45 and an intraday low of Rs 301.05. At 09:35 hrs the share was quoting at Rs 302.90, up Rs 3.65, or 1.22% on the NSE.
Alroy Lobo, chief strategist and global head- equity asset management at Kotak AMC feels that higher oil prices will weigh on market sentiments and will remain as a key concern till oil prices come off.
