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MARKETS
RECOMMENDATION:
Canara Bank (Rs 214.10): Buy
We recommend a buy in Canara Bank from a short-term perspective. It is clearly evident from the charts of Canara Bank that it was on an intermediate-term downtrend, forming lower peaks and troughs, from its 52-week high of Rs 421 recorded in ...
RECOMMENDATION:
Day Trading Guide
On Tuesday, the stock gained 8 per cent, accompanied with above-average volume. We recommend a buy in this ...
VENTURE CAPITAL:
Venture capital inflow slows down in realty sector in June quarter
Media, industrial segments attract inflow. Mumbai, Aug. 5 Venture Capital Funds (VCFs) and Foreign Venture Capital Investors (FVCI) have reduced their investment in real estate companies during the June-2008 quarter. However, the overall ...
STOCKS:
GHCL gains on stake hike hopes
Is the promoter group of Nirma Ltd, picking up stake in GHCL? According to market grapevine, stocks were being picked up in substantial volumes by certain entities, supposedly close to Nirma Ltd promoters. Market sources claim that total stake of ...
STOCKS:
Sugar stocks up after Govt pegs free-sale quota
Move expected to drive up prices. Mumbai, Aug. 5 Sugar stocks surged on Tuesday as the Government fixed the quota for free sale of sugar for August at a level lower than market expectations. ...
IPOS:
Mahindra Holidays in no hurry for IPO
Finds alternative means of funding projects. Mahindra Holidays and Resorts Ltd may have had to shelve its plans to come out with an initial public offering given the prevailing market conditions, but the company is not ...
OPEN OFFERS:
Daiichi Sankyo open offer for Ranbaxy from August 16
Will buy 34.81% stake in Indian pharma major. New Delhi, Aug. 5 Ranbaxy Laboratories on Tuesday said that the open offer by the Japanese drug maker Daiichi Sankyo for acquiring an additional 20 per cent stake in the Indian drug company will ...
STOCKS:
Uncertainty over pricing pulls down metal stocks
Reports that Govt might put pressure on steel cos affect sentiment. Mumbai, Aug. 5 Metal stocks had a weak run on Tuesday on negative news both on the global and domestic fronts. While the Sensex rose 2.63 per cent, BSE-Metal ended the day in ...
IPOS:
New IPO payment system
PEOPLE:
Shailendra Bhandari joins Tata Capital team
Tata Capital Ltd, a wholly-owned subsidiary of Tata Sons Ltd, has announced the appointment of Mr Shailendra Bhandari as part of its senior management team. Mr Bhandari will head Tata Capital’s private equity business. Private equity is ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug. 5 With reference to the 100 per cent subsidiary of Adhunik Metaliks Ltd, ‘Orissa Manganese & Minerals Ltd’, Adhunik Metaliks Ltd has said that the Central Government has in-principle approved (on the ...
STOCKS:
BHEL powers ahead in supercritical segment
Order unlikely to make significant impact on co’s revenues. BHEL’s 2 x 800 MW supercritical boilers order from Andhra Pradesh Power Development Company may be viewed as a confidence-building measure for the company’s ...
DERIVATIVES MARKETS:
Stock, index futures witness accumulation of fresh longs
Open interests jump in Tata Steel, ICICI Bank. Chennai, Aug. 5 The Nifty August future gained on Tuesday with higher turnover of Rs 52,692.78 crore against Monday’s turnover of Rs 43,364.63 crore. In the process, it also widened its ...
STOCKS:
Long-term revenue visibility for Wipro
Sustained domestic deal momentum. Wipro Infotech’s winning a multi-million, multi-year deal with Spencers Retail lends long-term revenue visibility and strengthens the group’s domestic presence. ...
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