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MARKETS
RECOMMENDATION:
GMR Infrastructure (Rs 63.35): Buy
We recommend a buy in GMR Infrastructure from a short-term perspective. It is apparent from the charts the stock has been on a long-term uptrend from its October 2008 low of Rs 22.75. However, after encountering resistance around Rs 90 in June ...
RECOMMENDATION:
Day Trading Guide
Fresh long position can be initiated only if DLF exceeds Rs 380, with stiff stop-loss. The outlook stays positive as long as ICICI Bank trades above Rs 810 and SBI trades above Rs 2132. ...
INVESTMENTS:
TVS Shriram Growth Fund picks up 25% in Landmark
‘MARQUEE INVESTMENT’. Chennai, Nov. 4 TVS Shriram Growth Fund I has picked up close to 25 per cent stake in Landmark Ltd, a subsidiary of the Tata group company, Trent Ltd, for Rs 65 ...
INVESTMENTS:
New premium likely to see less equity exposure
Insurers to focus on debt schemes to cut ULIP pie. Kolkata, Nov. 4 From next fiscal, some life insurance companies are likely to cut down their stock market investments by 10 to 15 per cent in respect of new ...
IPOS:
Godrej Properties IPO in two months: Adi Godrej
Mumbai, Nov. 4 It was an eventful second quarter for the Godrej Group which also saw its Indian joint venture partner, Sara Lee Corporation, sell a part of its US business to Unilever Plc. Though Godrej Industries reported a fall ...
FOREIGN INSTITUTIONAL INVESTORS:
FIIs’ buying lifts companies’ share prices: Study
No such correlation established when they sold. Kolkata, Nov. 4 FIIs purchased in the July-September quarter shares in 208 companies and 189 of these companies witnessed a rise in ...
INVESTOR PROTECTION:
SEBI aims to check misuse of power of attorney
Mumbai, Nov. 4 SEBI on Wednesday proposed, as an investor protection measure, a set of norms for execution of power of attorney (PoA) by clients favouring stockbrokers and ...
STOCKS:
Mahindra Satyam’s deal certifies revenue visibility
Co can tap burgeoning opportunities in Defence. BL Research Bureau Mahindra Satyam’s deal with defence and security solutions company Saab brings in long-term revenue visibility for the ...
DERIVATIVES MARKETS:
Nifty futures sheds 8% in open interest
Chennai, Nov. 4 Turnover dipped to Rs 72,239.34 crore on Wednesday. The Nifty futures maintained the discount and closed at 4,705.25 against the spot close of 4,710.8. It shed 23.47 lakh shares or 8 per cent in open interest, suggesting that ...
PUBLIC OFFER:
REC follow-on offer likely by Feb
Rural Electrification Corporation (REC) said on Wednesday its proposed follow-on public offer is likely to hit the market by February 2010. “We would file the Draft Red Herring Prospectus with SEBI by mid-December and the FPO is likely to ...
RIGHTS ISSUE:
Videocon board okays Rs 1,200-cr rights
The Videocon Industries board has approved a rights issue of Rs 1,200 crore. The compnay will also issue equity shares of Rs 45 crore on preferential basis to an independent non-promoter investor. The company will seek shareholders’ ...
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
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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