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MARKETS
RECOMMENDATION:
Tata Steel (Rs 179.20): Sell
We recommend a sell in Tata Steel from a short-term trading perspective. It is apparent from the charts of Tata Steel that after bottoming in late November 2008 at Rs 146, it rallied up to Rs 260. The stock price has appreciated almost 78 ...
RECOMMENDATION:
Day Trading Guide
On Thursday, DLF conclusively broke through its key support level Rs 175 by tumbling 9 per cent and L&T breached its key support level at Rs 670.We recommend sell in DLF and L&T. Utilise rallies ...
STOCK MARKETS:
L&T stock hits 52-week low
‘Markets have taken efforts to acquire Satyam negatively’. Mumbai, Jan. 22 Even as Larsen and Toubro appear keen on being a suitor for the beleaguered Satyam Computer Services, the L&T stock on Thursday touched its 52-week low of ...
STOCKS:
United Spirits plummets 23% after weak Q3 nos
Net down 65% on high raw material costs. Bangalore, Jan. 22 The stock price of United Spirits was down nearly 23 per cent to Rs 567.95 on Thursday on the back of the company posting a lower net profit by about 65 per cent to Rs 30.59 crore ...
BUYBACK:
RCom buys back FCCBs worth Rs 48 cr
Mumbai, Jan. 22 Anil Ambani group company Reliance Communications has bought back some of its foreign currency convertible bonds (FCCB), for the second time in the last one month ...
REGULATORY BODIES & RULINGS:
Pledge for transparency
In its first policy move after the Satyam scandal broke, the stock market regulator, the Securities and Exchange Board of India (SEBI), has zeroed in on the practice of promoters pledging shares in their publicly listed companies to raise ...
STOCKS:
‘RPower investment in liquid schemes’ market value important’
Mumbai, Jan. 22 Reliance Power, whose jumbo initial public offering of shares had collected Rs 11,500 crore in January last year, has utilised Rs 2,686 crore of the proceeds as of December 31, 2008, while Rs 8,874 crore of the IPO money had ...
PEOPLE:
Damodaran questions quarterly result practice
Mumbai, Jan. 22 The quarterly reporting of the financial accounts by the listed companies triggered financial re-engineering of the accounts in order to show profit quarter after quarter said former SEBI Chairman, Mr ...
REGULATORY BODIES & RULINGS:
SEBI directive to DSQ promoter
Kolkata, Jan. 22 SEBI has ordered Mr Dinesh Dalmia, promoter of DSQ group, and DSQ Holding to purchase 80.3 lakh shares from the entrapped minority shareholders of DSQ Biotech and deposit Rs 122.19 crore in an escrow account for the ...
DERIVATIVES MARKETS:
United Spirits sheds open interest
Chennai, Jan. 22 Turnover decreased to Rs 38,676.85 crore in the F&O segment on the ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
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