MARKETS
ANNOUNCEMENTS
Corporate developments
Coimbatore, Feb. 19 Bajaj Auto has said that the High Court of Judicature at Bombay, vide order dated December 18, 2007, received by the company on February 19, 2008, has sanctioned the Scheme of Arrangement between the ...
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STOCKS
RPG’s revamped pharma business may list by April
Mumbai, Feb. 19 After restructuring its pharmaceuticals and investment businesses into two different entities, RPG Life Sciences hopes to get its pharmaceuticals business listed around March or April.The broad regulatory approvals have ...
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Ranbaxy board okays de-merger of R&D unit
Swap ratio at 4:1; new entity called Ranbaxy Life Science Research
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Reliance Power alleges manipulation
Reliance Power Ltd, which was listed on bourses below its offer price has, alleged that there has been pre-meditated manipulation of its shares. RPL, an Anil Ambani group controlled company, has requested the market regulator SEBI to ...
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Budget hopes boost consumer durable stocks
Growth in sales adds to upward momentum
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TECHNICAL ANALYSIS
Volatile movement
Tuesday’s trading activity witnessed volatile movement. The sentiment reading of the tradable counters continues to remain bullish. Bear domination on Wednesday is likely to change the sentiment reading in their favour. On the ...
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DERIVATIVES MARKETS
Stock futures lose open interest positions
JP Associates ends weak
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RECOMMENDATION
TODAY'S PICK
ACC (Rs 789.45): Buy
We recommend a buy in ACC from a short-term perspective. It is clearly evident from the charts of ACC that the stock has been on a downtrend from its life-high of Rs 1,315 touched in mid October 2007. The stock found support at the key long-term ...
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Day Trading Guide
The stock is still testing 50-day moving average at Rs 1,224 and has formed a doji candlestick pattern in the last session (indicating neutral stance). Trader can avoid trading in this counter for the session. Infosys ...
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IPOS
Signs of revival in primary market
This week’s IPOs sail through; retail interest subdued
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MCX re-files for public issue
Plans to raise Rs 600 crore
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NHPC IPO only next fiscal
New Delhi, Feb. 19 National Hydroelectric Power Corporation (NHPC) is likely to come out with its initial public offering (IPO) only by early next fiscal as the company is still awaiting the appointment of the requisite number of independent ...
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Tejas Networks to come out with IPO this year
Telecom equipment network supplier Tejas Networks India Ltd intends to come out with its initial public offering this calendar year, the company’s CEO & Managing Director, Mr Sanjay Nayak, told Business Line here ...
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