Archive for May, 2009
May 28, 2009 by | No Comments
HOUSING DEVELOPMENT & INFRASTRUCTURE LTDPINC Research has recommended a buy rating on Housing Development and Infrastructure, (HDIL) with a price target of Rs 365 in its report dated May 25, 2009. “Housing Development & Infrastructure Ltd’s (HDIL) Q4FY09 results were below our expectations. Its revenues declined 63.3% YoY to Rs 3.6 billion owing to a [...]
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May 28, 2009 by | No Comments
Reliance Mutual Fund will shortly launch an Islamic fund in Malaysia, a top company official said. “We have set up a subsidiary and it is launching an Islamic fund in Malaysia shortly,” Reliance Capital Asset Management CEO, Sundeep Sikka, told reporters on the sidelines of a press meet here. The company now plans to open [...]
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May 28, 2009 by | No Comments
Reliance Anil Dhirubhai Ambani group-controlled Reliance Mutual Fund, on Wednesday annnounced the launch of its Reliance Infrastructure Fund. The infrastructure fund, an open-ended fund, will invest predominantly in companies engaged in infrastructure and infrastructure-related sectors in the country, Reliance Capital Asset Management CEO, Sundeep Sikka, told reporters here. The primary investment objective of the fund [...]
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May 26, 2009 by | No Comments
The diversified Adani group has commissioned the first unit, 330 mw, of the 4620 mw Mundra power project in a record time. The group subsidiary Adani Power, which will complete the country’s largest coal-based Mundra power project by 2012, commissioned the unit in just 28 months. Industry estimates put the time required for commissioning a [...]
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May 25, 2009 by | No Comments
Is selling mutual fund products a taxable service? The Supreme Court will decide the matter in an appeal filed by Commissioner of Service Tax, which feels sale of mutual funds (MFs) amounted to service for the purpose of levy of service tax. A bench headed by Justice S H Kapadia has sought reply from P [...]
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May 24, 2009 by | No Comments
Day Trading is a very risky business and you need to be well prepared before you try your luck and invest in day trading. The some of important points are— You need to have a good knowledge of market place and understanding of market fundamentals. Day Trading involves lots of risk and so is usually [...]
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May 23, 2009 by | No Comments
Always try to buy shares at open price or below that. If share has gone up then refrain from buying unless it comes down again. Analyse the behaviour of share before making an investment which may give you an idea as how share will perform? Strictly maintain the given stop losses. This will help you [...]
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May 22, 2009 by | No Comments
Motilal Oswal Financial Services on Thursday said it is planning to launch its first scheme by the next quarter of this fiscal through its mutual fund arm Passionate Investment Management Ltd. The company’s product development team is working on the format and sorts of the product, Motilal Oswal Managing Director Raamdeo Agarwal. “We are likely [...]
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May 22, 2009 by | No Comments
In the business of day trading, you must have some knowledge about the basic characteristics of the stocks. The following characteristics are the most important: Liquidity Spread Volatility As mentioned before as well that the liquidity refers to easy entry and exit from the trading. If there is some problem while business is in progress [...]
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May 19, 2009 by | No Comments
The mutual fund industry has declared a non-business day today. Most fund houses will not be processing any requests for redemption or fresh purchases based on today’s net asset value. Trading on both the BSE and the NSE has been halted for the day as markets hit a 20% upper circuit, after re-opening for trade. [...]
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