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MARKETS
RECOMMENDATION:
MTNL (Rs 103.70): Buy
We recommend a buy in Mahanagar Telephone Nigam Ltd (MTNL) from a short-term perspective. It is evident from the charts of MTNL that from its 52-week high of Rs 219, the stock tumbled steeply during January 2008. This down-move continued until ...
RECOMMENDATION:
Day Trading Guide
On Thursday, the stock tested the resistance level Rs 750 and formed a spinning top candlestick pattern, indicating indecisiveness. Avoid trading in this counter for the ...
IPOS:
IFCI, Emaar MGF in spat
Bone of contention is pre-IPO deal of Rs 50 cr. New Delhi, July 24 IFCI has taken Emaar MGF to court, alleging non-refund of Rs 50 crore invested by the financial instituion in a pre-IPO placement transaction with the real estate company. ...
STOCKS:
Banking, ADAG stocks recover sharply from low
Broking stocks still languishing at lower levels. Mumbai, July 24 The year 2008 has been a very eventful, especially for the capital markets. ...
RIGHTS ISSUE:
Sobha Developers to raise Rs 300 crore thru rights issue
Issue could face some difficulty due to market conditions. Banglaore, July 24 Sobha Developers has decided to raise Rs 300 crore through rights issue to meet its long-term capital needs. The company informed the BSE today after its board ...
FOREIGN INSTITUTIONAL INVESTORS:
Intel Capital to invest $17 m in 3 cos
Mumbai, July 24 Intel Capital, Intel Corporation’s global investment organisation, on Thursday announced its plans to invest $17 million in three Indian companies — Yatra.com (online travel portal), BuzzInTown.com (an ...
STOCKS:
Educomp acquires stake in A-Plus Education Solution
Educomp Solutions, an e-learning company, said it would acquire 76 per cent stake in A-Plus Education Solution for Rs 10.75 crore in the next two ...
INVESTMENTS:
SBI Life makes loss in Q1 on Rs 150-cr provisions
Mumbai, July 24 SBI Life Insurance Company Ltd has made provisions of Rs 150 crore for mark to market losses on its investment portfolio. The provisions have meant that the company has made a net loss in the first ...
FINANCIAL SERVICES:
RMoney CEO in NMCE board
Mumbai, July 24 National Multi-Commodity Exchange (NMCE), the country’s first online demutualised, multi-commodity exchange, has inducted Mr Sudip Bandyopadhyay, CEO, Reliance Money Ltd, in its ...
DERIVATIVES MARKETS:
RPower witnesses fall in open interest
Long unwinding seen on Nifty future. Turnover remained healthy at Rs 58,129.42 crore against the Wednesday’s turnover of Rs 68,010.68 crore. The Nifty July future premium narrowed down marginally to 10 points against Wednesday’s ...
STOCKS:
ACC: Demands may set short-term outlook
Lower despatches due to agitations in North. ACC has reported a muted set of numbers for the June quarter, due to several factors including the Gujjar agitation and input cost pressures, amidst a marginal 4 per cent increase in cement prices. ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, July 24 Crisil Ltd’s Board of Directors has approved a proposal to establish a subsidiary in Poland with an investment of up to $2,25,000 by Irevna Ltd UK, a 100 per cent subsidiary of Crisil and a ...
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