MARKETS
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 30 Adhunik Metaliks Ltd’s Board of Directors has approved in-principle merger/amalgamation of Vedvyas Ispat Ltd and Sri M.P. Ispat & Power Pvt Ltd with Adhunik Metaliks Ltd subject to finalisation ...
RECOMMENDATION:
Thermax (Rs 438.05): Buy
We recommend a ‘buy’ in Thermax from a short-term perspective. It is visible from the charts of Thermax that it had been on a long-term downtrend from its October 2007 peak of Rs 963 to its July 2008 trough of Rs 330. The stock lost ...
RECOMMENDATION:
Day Trading Guide
IPOS:
BSNL-union talks on IPO deadlocked
New Delhi, July 30 The deadlock between the Government and the employees union of Bharat Sanchar Nigam Ltd on the proposed Initial Public Offering continued after two rounds of meeting held over the last week. ...
INVESTOR PROTECTION:
Now, apply for IPO without spending money
SEBI introduces supplementary process for applying. Mumbai, July 30 SEBI on Wednesday issued details on the modalities by which investors can apply for an IPO, while still keeping the application money in their bank account till finalisation ...
STOCKS:
Reliance Capital consolidated net profit up 5%
Future Capital Holdings narrows loss. Mumbai, July 30 Reliance Capital today reported an 8 per cent increase in its standalone net profit, at Rs 326.8 crore against 302.4 crore posted during the corresponding year-ago quarter. The ...
STOCKS:
Reliance Power gains on news of inclusion in Nifty
Dr Reddy’s Laboratories is the outgoing stock. Reliance Power shares gained more than the benchmark indices on Wednesday, partly due to the announcement from the National Stock Exchange that the scrip is to be included in the Nifty ...
FINANCIAL SERVICES:
Brics Securities launches Capital Guaranteed Scheme
Portfolio will invest in Nifty-linked derivative instruments, debts. Mumbai, July 30 Mumbai-based financial services firm Brics Securities Ltd on has announced the launch of a capital guarantee portfolio scheme “BRICSecure NLD 1” ...
IPOS:
Birla Cotsyn debuts at discount
Mumbai, July 30 Birla Cotsyn, a Yash Birla group company, today closed at a discount of 32.5 per cent at Rs 9.45 from its opening price of Rs 14.90 on the NSE on the day one of the listing. The issue price of the scrip was Rs 14. The listing ...
STOCKS:
New airport assets add to revenues for GMR Infra
Concerns remain in power portfolio. Strong revenue contribution from the newly-added airports and increased plant load factor in the power division accelerated the topline growth of GMR Infrastructure for the quarter ended June 2008. The net ...
STOCKS:
India Cements: Maintaining margins
For the first quarter of FY09, India Cements recorded a 17 per cent increase in its earnings before interest, depreciation and tax with net sales rising over 17 per cent. ...
DERIVATIVES MARKETS:
RNRL in the limelight
Chennai, July 30 Turnover slipped to Rs 58,543.91 crore in the F&O segment on Wednesday against Tuesday’s figure of Rs 64,804.21 crore. The Nifty July and August futures ended in premium at 4326.4 and 4329.65 respectively against the ...
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