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MARKETS
RECOMMENDATION:
Dish TV India (Rs 37.55): Buy
We recommend a buy in Dish TV India from a short-term perspective. It is clearly visible from the charts of Dish TV India that it had been on a medium-term downtrend between April and July (from a high of Rs 66 to Rs 26). After recording a 52 ...
RECOMMENDATION:
Day Trading Guide
The stock was choppy in the last trading session. We maintain our prior view of initiating fresh short-position, if the stock declines below Rs 690, with tight stop loss. ...
IPOS:
MahaTransco to seek Govt approval for Rs 1,500-cr IPO
No final decision taken on size, timing. Mumbai, Aug. 7 The Maharashtra State Electricity Transmission Company Ltd (MahaTransco) proposes to enter the capital market with an IPO to raise around Rs 1,500 crore. ...
STOCKS:
Dr Reddy’s stock rises on hike in promoters’ stake
Their stake goes up to 23.75% after recent purchase. With the promoters of Dr Reddy’s Laboratories hiking their stake through open market purchase, the stock of the pharma major ended positively by gaining 4.48 per cent on the Bombay ...
STOCK MARKETS:
BSE Auto Index overtakes benchmark Sensex
As inflation, crude take backseat. Mumbai, Aug. 7 Value buying over the last month has lifted the BSE Auto index 12.97 per cent during the period. ...
STOCKS:
Dividend yield hopes buoy Indiabulls Securities
The stock of Indiabulls Securities has been attracting investors’ interest in the past one week. The stock jumped about six per cent to Rs 75.70 on Thursday and is up about 13 per cent in one week’s time.Trading volumes also ...
OVERSEAS INVESTMENTS:
Reliance Money sets up subsidiary in Saudi Arabia
Reliance Money has set up a company in Saudi Arabia, which has applied for membership in the stock exchange there. ...
STOCKS:
Promoters hike stake in MAN Industries
Mumbai, Aug. 7 Promoters of MAN Industries ( India ) Ltd have raised their stake in the company by 5 per cent over the last 12 month period to 45 per cent through creeping acquisition ...
FINANCIAL SERVICES:
PNB Gilts stock rises on stake sale hope
Not significant for PNB balance sheet. After remaining sluggish for a long time, the PNB Gilts stock has risen by 37 per cent over the past two weeks, on expectations of the company being put on the block. ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug 7 Aksh Optifibre Ltd has signed an agreement with BSNL on June 2 for providing IPTV services in 20 cities. According to the agreement, the services have been launched in Jaipur on August 4.The service will ...
STOCKS:
Diversification to rake in higher margins
Bharat Forge forays into ultra heavy forgings. The cyclical nature of the auto industry and the slowdown experienced in the last one year has prompted many auto component makers to find alternative means of driving growth. ...
DERIVATIVES MARKETS:
Intense arbitrage play continues on Ranbaxy
Nifty premium widens marginally. Chennai, Aug. 7 Trading volumes slipped to Rs 49,917.63 crore against Wednesday’s turnover of Rs 61,180.08 crore. The Nifty August future closed at 4531.6 against the spot close of 4523.85; the premium ...
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