News Capsule (05 Aug 10)

United Phosphorous has target of Rs 220, says Hemang Jani, Sr Vice President of Sharekhan.

KEC International has bagged order worth Rs 250 crore

Buy Punj Lloyd on dips, says Rajesh Jain, Independent Market Strategist.

The rupee was trading marginally weaker on Thursday afternoon and held in a tight band as a broad rise in the dollar versus major currencies offset mild gains in the local share market.

State Bank of India opened up space right up to Rs 3,100 to Rs 3,200 but overall in the short run you could Rs 2,775, says Technical Analyst, Ashwani Gujral.

3i Infotech has been making base around Rs 60 and Rs 66 and once it can get pass that, one could see levels of Rs 85 coming, says Technical Analyst, Ashwani Gujral.

IIFL is bullish on BASF and has recommended buy rating on the stock with a target of Rs 525, in its August 05, 2010 research report.

Pipavav Shipyard has been moving sideways for sometime and if it can take Rs 105 out, then the next large move will be seen right up to Rs 130. But till then it remain sideways between Rs 95 to about Rs 105, says Technical Analyst, Ashwani Gujral.

Wockhardt has been trying to bottom out between Rs 120-145 kind of zone. Chances are that it tries to get back to Rs 195 to Rs 200, says Technical Analyst, Ashwani Gujral.

IIFL is bullish on Great Eastern Shipping (GE Shipping) and has recommended buy rating on the stock with a target of Rs 320, in its August 05, 2010 research report.

Infrastructure Development Finance Company could raise Rs 20-25 billion in tax-free infrastructure bonds in FY11, a senior official said on Thursday.

Maruti Suzuki may manufacture cars for German auto firm Volkswagen’s global market on a contract basis, three newspapers said on Thursday, citing Maruti’s managing director.

IBN7 reigns as the No.1 Hindi News Channel in the recent four weeks Continues its undisputed leadership in Delhi.

HSBC AMC’s Philip Poole believes that money may come into Indian markets only if the US economic data improves.

Hold Petronet LNG, says Mitesh Thacker, Technical Analyst

Larsen and Toubro (LT) has bagged order worth Rs 1,749 crore from Metallurgical Sector

AK Capital Services plans to raise Rs 400 crore through qualified institutional placements (QIPs), a top company official said today.

The foreign institutional investors (FIIs) were net buyers of Rs 590.87 crore in futures and options segments on Wednesday.

Mahindra & Mahindra is expected to offer around $300 million to $450 million for South Korean sport utility vehicle maker , a business newspaper reported, citing two people with knowledge of the matter.

The 62.5 lakh shares initial public offering (IPO) of Prakash Steelage (PSL), which engaged in the manufacturing of seamless welded stainless steel pipes, tubes and Utubes, has opened for subscription today.

Exit banking stocks, says Ambareesh Baliga, Karvy Stock Broking.

Buy Punj Lloyd on declines, says Ambareesh Baliga, Karvy Stock Broking.

Nitin Fire Protection Industries has board meeting on 13 August for fund raising via equity instruments and stock split

The Indian rupee opened at Rs 46.21 per dollar versus Rs 46.16 yesterday.

Tata Global Beverage may slip to Rs 110, says Mitesh Thacker, Technical Analyst

Punj Lloyd may slip to Rs 115-110, says Mitesh Thacker, Technical Analyst

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: