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MARKETS
STOCKS:
L&T net soars on UltraTech stake sale
Order inflow drops on deferred tender decisions. Mumbai, July 16 Engineering and construction major Larsen and Toubro has reported a 22-per cent drop in its order inflow for the quarter ended June 30, 2009 at Rs 9,571 crore as compared to Rs ...
RECOMMENDATION:
Ranbaxy Laboratories (Rs 259.3): Buy
We recommend a buy in Ranbaxy Laboratories from a short-term trading perspective. The stock was on a medium-term correction from its June high of Rs 311 to Rs 240. This correction halted at the twin support at Rs 240 (a long-term key ...
RECOMMENDATION:
Day Trading Guide
DLF is experiencing selling pressure at higher levels; utilise rallies to sell it with tight stop at Rs 326. The near-term outlook is bearish for ICICI Bank and SBI. We recommend a sell ...
STOCKS:
L&T’s profit growth aided by exceptional gain
Slowdown in order inflows. BL Research Bureau Exceptional gains of Rs 1,020 croreensured that Larsen & Toubro (L&T) trebled its net profits for the quarter ended June 2009 (over a year-ago numbers) despite the tepid growth in revenues. ...
INVESTMENTS:
Some arbitrage funds say no to fresh subscriptions
Spread between cash, future narrows. Mumbai, July 16 Lack of opportunity in the arbitrage market has led to many fund houses refusing to take fresh subscriptions in their ...
STOCK EXCHANGES:
Markets to decide on SME exchanges structure: Govt
New Delhi, July 16 The Government will leave it to the market to decide how SME exchanges should come about in the country, a top Finance Ministry official said here on ...
IPOS:
Mahindra Holidays ends Day 1 at 5.8% premium
Mumbai, July 16 Mahindra Holidays & Resorts, a Mahindra Group company, made its debut on the National Stock Exchange on Thursday at a premium of 23 per cent at Rs 370 over its issue price of ...
STOCKS:
Ashish Dhawan hikes stake to 5% in Greenply Industries
Kolkata, July 16 Greenply Industries has reported to the stock exchanges that an individual, Mr Ashish Dhawan, has picked up 2.27 per cent in the company through market purchases to take his holding over 5 ...
FINANCIAL SERVICES:
Karvy Private Wealth in expansion mode
Hyderabad, July 16 Financial advisory provider Karvy Private Wealth is planning to expand its operations to over 20 cities and towns by the next financial year besides focussing more on service ...
DERIVATIVES MARKETS:
Sterlite enters active zone; open interest jumps
Chennai, July 16 Turnover jumped to Rs 68,847 crore in the F&O segment on the NSE on Thursday. The Nifty July future, which was in premium in the last couple of days, once again turned into discount. It closed the day at 4224.85 against ...
Columnists:
Harish Bijoor
Ramanujam Sridhar
S Ramesh Kumar
Radhika Chada
Comments & Letters to the Editor to: bleditor@thehindu.co.in
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