Buy Tech Mahindra above 860, target: 880. Stoploss: 853 Buy Dr.Reddy’s Laboratories above 835, target: 855. Stoploss: 828 …
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Market undertone bullish: Anagram
Posted on: July 30th 2009 in Market Outlook.
AHMEDABAD: V K Sharma of Anagram Stock Broking said momentum is continuing in the markets… From the fundamentals as well as futures perspective, how do you view Tata steel and SAIL? Sharma: What we are seeing currently is purely liquidity chasing stocks.. I think we are going to s…
Markets surge on short-covering
Posted on: July 30th 2009 in Market News.
Heavy short-covering owing to the derivatives expiry today, saw the markets surge towards the end of the day.The Sensex today opened in the red at 15,169 and slipped further to a low of 15,065. The index, however, rebounded on positive global cues. The index soared 345 points from the low…
Current market rally raises optimism
Posted on: July 30th 2009 in Market Outlook.
MUMBAI – The recent market rally supported by quarterly earnings, liquidity and global cues is not yet considered as a bull-run but market men Stocks Volatility in the stock markets Measuring market volatility Ten hot money-spinners in India Long term plan for better returns S…
Oracle Financial Q1 net profit up 76 pc
Posted on: July 30th 2009 in Stock News.
MUMBAI: IT financial services solutions vendor Oracle Financial Services Software on Thursday said its consolidated net profit rose by 75.99 per cent to Rs 185.78 crore for the first quarter ended June 30, 2009, over the same period last year. Consolidated total income decreased to Rs 6…
Mahindra & Mahindra Q1 net at Rs 400 cr
Posted on: July 30th 2009 in Stock News.
MUMBAI: Automobile major Mahindra & Mahindra on Thursday reported a net profit of Rs 400.85 crore in the first quarter ended June 30 against Rs 159.30 crore in the same quarter last year. However, June quarter figures are not comparable with the results of the corresponding period …
Mundra Port Q1 net zooms 76 pc to Rs 170 cr
Posted on: July 30th 2009 in Stock News.
MUMBAI: Mundra Port and Special Economic Zone on Thursday reported a growth of over 76 per cent in its net profit to Rs 170.75 crore for the first quarter ended June 30 over the corresponding period a year ago. Total income rose to Rs 321.35 crore during the April-June period of the cur…
Patni Computer net profit surges 92% QoQ
Posted on: July 30th 2009 in Stock News.
MUMBAI: Patni Computer Systems, a mid-size IT company, reported better than expected results for the quarter ended June 2009. Growth in volume coupled with significant cost rationalization measures resulted in a quarter-on-quarter growth of 92% in net profit to Rs137 crore. The stock ma…
Alok Industries Q1 net profit up 12.91 pc
Posted on: July 30th 2009 in Stock News.
NEW DELHI: Textile player Alok Industries on Thursday reported a jump of 12.91 per cent in its net profit for the first quarter of the fiscal at Rs 32.01 crore as compared to Rs 28.35 crore during the corresponding period last year. The company also reported a rise of 44.47 per cent in …
PTC India Q1 net up 77 pc to Rs 33 cr
Posted on: July 30th 2009 in Stock News.
MUMBAI: Power trading firm PTC India on Thursday reported a 77.01 per cent jump in net profit to Rs 33.33 crore for the first quarter ended June 30, 2009. Total income increased to Rs 2,399.63 crore in the June quarter of 2009 from Rs 1,220.67 crore in the corresponding year-ago period,…
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