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Education solutions provider Educomp Solutions is set to report a profit after tax of Rs 98 crore for the quarter ended December 2010 as against Rs 58 crore in previous quarter.
Country's largest commercial vehicle maker Tata Motors is set to report strong set of numbers for the quarter ended December 2010. According to CNBC-TV18 estimates, its consolidated profit after tax (PAT) is expected to jump 3.2 times to Rs 2,089 crore as against Rs 650 crore in same period the previous year.
BNP Paribas raised explorer Cairn India to "buy" from "hold" on Friday, and raised its target price to Rs 347 from Rs 331 earlier.
South Korea's central bank kept interest rates on hold on Friday, surprising many economists who had expected a second consecutive rate increase as the authorities intensify their campaign to contain inflation.
Essar Shipping Ports & Logistics Ltd said on Friday it has signed a pact with the Port of Antwerp International for strategic collaboration.
Cairn India was the top gainer on the Nifty. It touched an intraday high of Rs 327.50 and an intraday low of Rs 317.60. At 09:48 hrs the share was quoting at Rs 325.00, up Rs 10.90, or 3.47%.
Moser Baer Q3 net loss was at Rs 115.7 cr versus profit of Rs 3.2 cr, YoY. Its net sales were at Rs 435.5 cr versus Rs 539.7 cr, YoY, reports CNBC-TV18. It touched a 52-week low of Rs 37.35. At 09:42 hrs the share was quoting at Rs 39.20, down Rs 2.25, or 5.43%.
State-run Oil and Natural Gas Corp (ONGC) does not think its approval is needed in the USD 10-billion deal between Cairn Energy and Vedanta Resources, the Economic Times reported on Friday, citing an unnamed company official.
On February 10, 2011 RATHA INFRASTRUCTURE PVT LTD bought 2,591,784 shares of KS Oils at Rs 33.52 on the NSE. Yesterday the share closed at Rs 33.85.
On February 10, 201 AMAS INDIA INV MAURITIUS LTD bought 250,000 shares of at Rs 113 on the BSE bought 250,000 shares at Rs 113 on the NSE.
Arnold Schwarzenegger is changing his famous catch-phrase to I'm back from I'll be back. The former governor of California said on Thursday that he was returning to his former role as a Hollywood action hero.
On February 10, 2011 ACACIA INSTITUTIONAL PARTNERS bought 171,207 shares of Bajaj Corp at Rs 379.68 on the BSE. CUNIF F& GOLDFARB INC SUB A/C ACACIA CONSERVATION F bought 180,000 shares at Rs 380.02. Yesterday the share closed at Rs 384.55.
Zee Entertainment Enterprises has board meeting today for buyback, reports CNBC-TV18. It touched an intraday high of Rs 116.75 and an intraday low of Rs 114.05. At 09:32 hrs the share was quoting at Rs 116.10, up Rs 2.95, or 2.61%.
Rising prices are threatening to put onions in the realm of the exotic; but the myths about them, and their medicinal benefits, have given them a place in the sun.
On February 10, 2011 JMP SECURITIES PVT LTD bought 226,413 shares of at Rs 74.73 on the NSE and bought 288,298 shares at Rs 75.15 on the BSE. However, JMP SECURITIES PVT LTD sold 374,413 shares at Rs 74.80. Yesterday the share closed at Rs 74.50.
Kraft Foods Inc reported higher-than-expected quarterly sales on Thursday, helped by its acquisition of Cadbury.
The downtrend in the telecom stocks continues. At 09:26 hrs Idea Cellular was quoting at Rs 63.30, down Rs 1.40, or 2.16% on the NSE.
The benchmark Nifty was quiet in opening trade and was hovering just around its previous closing value, after a sharp cut seen in last few sessions.
Banking & financial sector will be receiving astrological support, says Satish Gupta of astrostocktips.
The Indian rupee opened at 45.70 per dollar versus 45.72 yesterday.
China has created a "state planning" zone covering the country's biggest rare earth mines in a move to cut production of the vital rare mineral elements used for numerous high-tech goods, the official Xinhua news agency reported on Thursday night.
The rupee should extend its fall on Friday tracking a broadly firm dollar overseas, and traders will be watching factory output data and local shares.
Kotak Mutual Fund has increased its exposure in oil & gas, information technology and utilities sector. However, it reduced its investments in banking & financial services, media & entertainment and food & beverages space.
Money Market Operations as on February 10, 2011
Moser-Baer has reported a net loss of Rs 115.7 crore for the quarter ended December 2010 as against profit of Rs 3.2 crore in same quarter the previous year.
