Intraday calls for 10-05-12
Markets likely to see a flat opening. Support for nifty is at 4950 and resistance is higher at 5060
Sell Havells India at 548-550, target: 539. Stoploss: 558
9.19am – Continue to hold 4900 pe.
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vinod Says:
May 10th, 2012
Posted at: 9:09 am
will havells reach 490 intraday if i short.
Siddharth Says:
May 10th, 2012
Posted at: 9:10 am
Gd Mrng CB, Is Mahindra a buy today or sell at current price
CB Says:
May 10th, 2012
Posted at: 9:11 am
Hi vinod, not sure of 490 yet
Hi Siddharth, does look weak below 660. dont enter it yet.
micky-intrday Says:
May 10th, 2012
Posted at: 9:11 am
good morning cb howz rallis nd irb for today
Chinta Says:
May 10th, 2012
Posted at: 9:12 am
Hi CB, can i enter Arvind for short term?
CB Says:
May 10th, 2012
Posted at: 9:12 am
Hi micky-intrday, Good morning. rallies is near resistance levels. irb can see 124.50
vindi Says:
May 10th, 2012
Posted at: 9:13 am
thanks
and anything abt kingfisher airlines,
CB Says:
May 10th, 2012
Posted at: 9:13 am
Hi Chinta, no, not yet.
CB Says:
May 10th, 2012
Posted at: 9:14 am
Hi vindi, its looking weak. dont enter yet.
G Says:
May 10th, 2012
Posted at: 9:15 am
good morning cb....
CB Says:
May 10th, 2012
Posted at: 9:16 am
Hi G, Good morning.
G Says:
May 10th, 2012
Posted at: 9:17 am
cb, 4900PE bought at 84 yesterday, now at 65 ...can i add some more? or simply hold..?
CB Says:
May 10th, 2012
Posted at: 9:18 am
Hi G, don't add more yet. shall hold for 1-2 days.
CA.Tejas Says:
May 10th, 2012
Posted at: 9:20 am
Hi CB, Result Analysis
PNB net up 18.6% on interest income
Punjab National Bank (PNB) reported a 18.6 per cent rise in net profit to Rs 1,424 crore for the quarter ended March 31, against Rs 1,201 crore in the fourth quarter of the previous year.
Generic Lipitor sales push Ranbaxy Q1 profit
Ranbaxy Laboratories' first-quarter consolidated net profit surged by 310 per cent to Rs 1,247 crore, from Rs 304 crore a year earlier, on strong growth in US sales.
Arvind Q4 profit up 6%
Arvind Ltd's fourth-quarter net profit rose 5.8 per cent to Rs 66.7 crore, from Rs 63 crore in the corresponding period of 2010-11.
Union Bank net profit up 29%
Despite higher provisioning, Union Bank of India reported a 29.3 per cent rise in net profit for the quarter ended March 31, on the back of healthy recovery from bad debts and lower employee cost.
IRB Infra Q4 net profit rises 7%, sales up 30%; acquires MVR Tollways for Rs 130 crore
IRB Infrastructure Developers' net profit rose 7% yoy in the fourth quarter of 2011-12, despite a 30% growth in sales since higher depreciation on recently commissioned projects weighed down the bottom-line.
Network18 Group widens net loss to Rs 168 cr in Q4
Network18 Group widened its net loss to Rs 168.1 crore for the fourth quarter ended March 31, 2012, from Rs 44.1 crore recorded during the corresponding period in the previous financial year.
NIIT posts Rs 26 crore profit for January-March quarter
NIIT Ltd posted a profit after tax (PAT) of Rs 26.2 crore for the fourth quarter ended March 31. The net revenue during the period stood at Rs 305.2 crore.
GVK power incurs Rs 20.58-cr loss
GVK Power & Infrastructure Limited (GVKPIL) has posted a net loss of Rs 20.58 crore for the quarter ended March 2012.
ABB posts Rs 48 crore profit for Jan-Mar quarter
ABB Ltd reported a net profit of Rs 48 crore for the three months ended March 31, 2012. The company had posted a net profit of Rs 59 crore during the corresponding period, in 2011.
Puravankara Projects Q4 net jumps to Rs 46 cr
Puravankara Projects net profit rose 173 per cent to Rs 46.05 crore during the fourth quarter of the last fiscal. Last year, net profit stood at Rs 20.89 crore during the corresponding quarter.
Uttam Galva Steel Q4 net up over two-fold at Rs 40 crore
Uttam Galva Steels' standalone net profit soared nearly two-fold to Rs 40 crore for the fourth quarter ended March 31, largely on account of increased efficiency in operations.
Triveni Engineering posts Rs 32.57 crore loss in Jan-Mar quarter
Triveni Engineering and Industries has reported a consolidated net loss of Rs 32.57 crore for the quarter ended March 31, 2012.
G Says:
May 10th, 2012
Posted at: 9:20 am
ok cb, thanx
and now plz advice me about sbi 2200ce, holding since 58 levels...what should be the strategy?
CB Says:
May 10th, 2012
Posted at: 9:21 am
Hi CA.Tejas, thanks for the detailed update
Hi G, yes, we will need to wait for some more time. hopefully see a short covering bounce next week