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MARKETS
RECOMMENDATION:
Welspun-Gujarat (Rs 70.25): Buy
We recommend a buy in Welspun-Gujarat Stahl Rohren from a short-term trading perspective. It is apparent from the charts of Welspun-Gujarat that it was on a medium-term down trend from its December high of Rs 130, forming lower peaks and ...
RECOMMENDATION:
Day Trading Guide
DLF is moving sideways. Initiate fresh long-position only if the counter moves above Rs 147, with tight stop-loss. Buy Infosys in dips as long as it trades above Rs 1,290, with stiff stop-loss. We recommend a buy in ICICI Bank and SBI. In ...
STOCKS:
Tata Sons pledges 14.6% stake in Tata Steel, 13% in Tata Power
Pledged Tata Steel shares are worth Rs 1,900 cr at current market prices. Mumbai, Feb. 9 Tata Sons Ltd has pledged shares constituting 14.6 per cent and 13 per cent stake in Tata Steel and Tata Power Company, respectively, close to half of the ...
STOCKS:
TTK Prestige tanks on freezing of de-list move
‘Changed economic situation’ cited as reason. Coimbatore, Feb. 9 The announcement by the management of TTK Prestige Ltd, a manufacturer of kitchen appliances, to freeze its proposal to de-list the company’s shares from the ...
REGULATORY BODIES & RULINGS:
SEBI files petition to question Satyam’s former CFO
Hyderabad, Feb. 9 The Securities and Exchange Board of India has filed a petition in a city court here to record the statements of former CFO of Satyam Computer Services, Mr ...
STOCKS:
India Cements promoters pledge 82%
Chennai, Feb. 9 The promoters of India Cements Ltd have pledged 82 per cent of their equity stake, according to information provided by the company to the stock exchange. The announcement does not provide the details of the entities to which ...
IPOS:
Edserv’s IPO fully subscribed
Mumbai Feb. 9 The IPO of Edserv, which closed on Monday, was subscribed by 1.30 times. Though a small ticket issue (Rs 24 crore), it is the first IPO to sail through smoothly since October last. The Chennai-based e-learning company has ...
STOCKS:
GMR gets some respite in funding Delhi airport
Development fee to cover shortfall in financing the project. The GMR Infrastructure-led Delhi International Airport Pvt Ltd (DIAL) consortium’s announcement of levy of development fee at the Delhi airport comes on the back of reports (in ...
STOCKS:
Metro order may give revenue push to BEML
A BEML-led consortium has won an order worth Rs 1,672 crore for the supply to 150 metro rail coaches to Bangalore Metro Rail ...
DERIVATIVES MARKETS:
Momentum counters back in focus
Chennai, Feb. 9 Turnover improved to Rs 36,041.93 crore as intense short coverings happened in index and stock futures. The Nifty Feb future closed at 2905, a discount of about 14 points with respect to the spot close, which ended ...
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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