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MARKETS
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug. 27 Ansal Properties & Infrastructure Ltd has said that the sub committee of directors has allotted 20,73,770 ROCDs of Rs 100 each by way of preferential issue to HDFC Ventures Trustee Company Ltd at a ...
RECOMMENDATION:
Punj Lloyd (Rs 284.10): Buy
We recommend a buy in Punj Lloyd from a short-term perspective. It is apparent from the charts of Punj Lloyd that the stock has been on a medium-term uptrend from its 52-week low of Rs 183, recorded in early July. While trending up, the ...
RECOMMENDATION:
Day Trading Guide
Fresh short-position can be initiated, if the stock declines below Rs 639, with tight ...
STOCKS:
Tech Mahindra gains on speculation of stake sale
BT may relinquish some part of its holding: Reports. Mumbai, Aug. 27 The scrip of telecom solutions vendor Tech Mahindra has seen a lot of buying activity on the bourses in the last one month. In a weak market, the shares of Tech Mahindra have ...
STOCKS:
Jindal Photo stock surges on delisting proposal
Marketmen expect price could be at considerable premium. Mumbai, Aug. 27 Shares of Jindal Photo surged on Wednesday following the board’s approval for voluntary delisting of the company’s shares from the BSE. ...
FINANCIAL SERVICES:
Sequoia Capital to invest $725 m in late stage, pre-IPO companies
Announces the closure of Sequoia Capital India Growth Fund II. Mumbai, Aug. 27 US-based private equity firm Sequoia Capital proposes to invest $725 million in late stage, pre-IPO companies through its subsidiary Sequoia Capital ...
NEW FUND OFFER:
Edelweiss MF to debut with two debt funds
To launch liquid and liquid-plus fund. Mumbai, Aug. 27 Edelweiss Mutual Fund will enter the market with two debt products in September. ...
STOCK MARKETS:
Oil fears
STOCKS:
Photon Capital shares listed on BSE
Hyderabad, Aug 27 The equity shares of Photon Capital Advisors Ltd, a non-banking finance company, have been listed on the Bombay Stock Exchange. According to a release, the trading of the Hyderabad-based company’s shares was suspended ...
STOCKS:
Nu Tek India debuts at premium
Mumbai, Aug. 27 Nu Tek India on its debut closed at a premium of 3.72 per cent over its issue price of Rs 192 on the NSE today. The scrip opened at Rs 195 and touched an intra-day high of Rs 217 and a low of Rs 193.75, before closing at Rs ...
OUTLOOK:
‘Normal’ monsoon offers little hope
Little support for GDP from farm sector. After swinging dramatically between deficit and surplus rains, the Southwest monsoon for 2008 looks set to close the season with a level of rainfall that is quite close to the long-term average, deeming ...
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