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Siddharth Bhamre of Angel Broking advises to go long on Larsen and Toubro, Jaiprakash Associates and DLF
Emkay Global Financial Services is bullish on Elecon Eng and has recommended buy rating on the stock with a target of Rs 89 in its March 25, 2011 research report.
Liquidity Adjustment Facility: Auction Results
Motilal Oswal has come out with a report on private sector banks.
Infosys Technologies was the top gainer on the Sensex. It touched an intraday high of Rs 3,090 and an intraday low of Rs 3,033. At 11:06 hrs the share was quoting at Rs 3,081.35, up Rs 76.45, or 2.54%.
The benchmark Nifty continued its upmove for the fourth consecutive session today and was marching up towards the 5600 mark, aided a support from technology, infrastructure, FMCG, metal, financial and realty companies' shares.
Voltas touched an intraday high of Rs 173.15 and an intraday low of Rs 167.15. At 11:02 hrs the share was quoting at Rs 173.00, up Rs 6.80, or 4.09%.
Uttar Pradesh-based Simbhaoli Sugars' board has approved a business restructuring plan under which it will spin off its alcohol and power businesses to subsidiary companies.
Financial Technologies touched an intraday high of Rs 823.75 and an intraday low of Rs 775. At 11:05 hrs the share was quoting at Rs 817.00, up Rs 47.85, or 6.22%.
Motilal Oswal has come out with a report on public sector banks.
Former Minister for Civil Aviation Praful Patel in 2009 had said that plans for corporatisation of AAI were on cards and the move would help the Authority raise funds for developing various airports in the country, reports PTI. AAI has presently 120 airports under its control of which 85 are operational.
Motilal Oswal has come out with a report on banking sector.
Infrastructure Development Finance Co or IDFC Friday said it has collected Rs 228.05 crore through the third tranche of the public issue of long term infrastructure bonds.
Aditya Birla Money is bullish on Punjab National Bank (PNB) and has recommended buy rating on the stock with a target of Rs 1180-1200 in its March 25, 2011 research report.
Tata Steel has completed sale of Teesside unit to Sahaviriya Steel, reports CNBC-TV18. It touched an intraday high of Rs 616.90 and an intraday low of Rs 610.10. At 10:40 hrs the share was quoting at Rs 611.25, up Rs 1.50, or 0.25%.
Banking and telecom sectors will be getting astrological support, says Satish Gupta of astrostocktips.
Greenply Industries has allotted around 20.40 lakh equity shares of Rs 5 each at a premium of Rs 137 per share to the eligible detachable warrant holders, who have been holding the securities since October 16, 2009.
Aditya Birla Money is bearish on Lupin and has recommended sell rating on the stock with a target of Rs 380 in its March 25, 2011 research report.
LIC Housing Finance touched an intraday high of Rs 204.80 and an intraday low of Rs 198. At 10:03 hrs the share was quoting at Rs 204.70, up Rs 7, or 3.54%.
Hedge Equities is bullish on Exide Industries and has recommended buy rating on the stock with a target of Rs 160 in its March 22, 2011 research report.
IIFL is bullish on ITC and has recommended buy rating on the stock with a target of Rs 178 in its March 25, 2011 research report.
IIFL is bullish on Patni Computer Systems and has recommended buy rating on the stock with a target of Rs 483 in its March 25, 2011 research report.
Mirae Asset Management foresses another round of derating soon but expects valuations to become a lot more attractive. Once the ECB begins hiking rates, overall sentiment on emerging markets will become positive once again. At the moment "investors taking wait & watch approach for India."
On March 24, 2011 INDIA MAX INVESTMENT FUND LIMITED bought 248,256 shares of Shetron at Rs 19.36 on the BSE. However, KEYNOTE CAPITALS LIMITED sold 220,000 shares at Rs 19.35. Yesterday the share closed at Rs 19.35.
On March 24, 2011 MADHUKAR CHIMANLAL SHETH sold 295,419 shares of at Rs 119.40 on the BSE. NIPPON INVESTMENT AND FINANCE COMPANY PRIVATE LIMITED bought 300,000 shares at Rs 119.41. Yesterday the share closed at Rs 119.25.
