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May 29, 2009 by | No Comments
Orderboook at Rs1300cr: Hindustan Dorr Oliver SC Sekaran, Executive Director of Hindustan Dorr Oliver in an interview with CNBC-TV18 said that the company’s current orderbook stood at Rs1300 crore and that he was expecting orders worth Rs750 crore in FY10. He added that the company had written off Rs 4 crore worth of bad debts [...]
May 29, 2009 by | No Comments
As part of its drive to stem the flow of black money into the capital market, the government is looking to further tighten Know-Your-Client (KYC) norms for mutual fund investments. According to officials in the mutual fund industry, the finance ministry has suggested that all investments in mutual funds should be subject to KYC norms. [...]
May 29, 2009 by | No Comments
NTPC touched an intraday high of Rs 211.40 and an intraday low of Rs 207.25. At 1 pm, the share was quoting at Rs 211, up Rs 3.20, or 1.54%. There was a block deal of 10 lakh NTPC shares on NSE at Rs 211 per share,
May 29, 2009 by | No Comments
Biju Samuel of Quant Broking said the Nifty had key support at 4100, it had turned around from there. He expected some profit booking around the 4500 levels. “Upside above the 4500 levels would depend on global cues. The Nifty is likely to hold 4,200-4,250 zone in the near-term. I would call it a bull [...]
May 29, 2009 by | No Comments
Religare Enterprises touched an intraday high of Rs 475 and an intraday low of Rs 453.25. At 12:14 pm, the share was quoting at Rs 470, up Rs 9.20, or 2%. The company has acquired 87.5% stake in Maharishi Housing Development and is going to infuse Rs 93 crore in company, reports CNBC-TV18. It was [...]
May 29, 2009 by | No Comments
The Ministry of Steel has said there was an urgent need to address the issue of cheaper imports. “There is a need to boost India’s steel output and demand. Steel Authority of India (SAIL) will increase its capacity to 26 million tonne (mt) in two years versus 15 mt now,” it said. The Ministry, however, [...]
May 29, 2009 by | No Comments
Siemens touched an intraday high of Rs 497.50 and an intraday low of Rs 482. At 11:03 am, the share was quoting at Rs 495, up Rs 16.60, or 3.47%. The company is going to invest Rs 275 crore to expand capacity of steam turbine factory at Gujarat, reports CNBC-TV18. Siemens AG wants to buy [...]
May 29, 2009 by | No Comments
The markets were trading higher and getting support from telecom, metal, realty, capital goods, technology and financial stocks. The broader indices were outperforming the benchmark indices and kept the breadth strong. The Sensex was hovering in the range of 14400-14500 while the Nifty was inching towards the 4400 level. Bharti Airtel, Reliance Communication, SAIL, DLF, [...]
May 29, 2009 by | No Comments
Amit Dalal of Amit Nalin Securities said investors should be cautious in the month of June. “As much as I believe and there is only perhaps one reason I believe this that this rally has some more strength left and there will be some buoyancy on the upside. The reason I believe is true because [...]
May 28, 2009 by | No Comments
Equity diversified NAVs finished with positive returns and their advance:decline ratio stood at 176:37, as the benchmark indices ended the last day of May series on a positive note. This rally was led by shares of capital goods, metal, banking, oil & gas exploration and select power companies. The 50-share NSE Nifty closed at 4337.10, [...]
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