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Buy Madhucon Projects, target of Rs 246: Angel Broking

Posted on: Wednesday, June 17th 2009 and is filed under Brokerage Recommendations.

Angel Broking has recommended a buy rating on Madhucon Projects, with price target of Rs 246, in its report dated June 15, 2009. “Madhucon Projects stock has outperformed the BSE Sensex significantly (by 25.2%) in CY2009 YTD, which is in line with our expectation as the stock had s...

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Accumulate Crompton Greaves, target of Rs 306: Angel

Posted on: Wednesday, June 17th 2009 and is filed under Brokerage Recommendations.

Angel Broking has recommended an accumulate rating on Crompton Greaves, with price target of Rs 306, in its report dated June 12, 2009. “It is pertinent to note here that during April 2005 – June 2009, CGL traded at an average discount of about 48% to the forward rolling P/E ...

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Accumulate Wipro on dips; target Rs 500: Bonanza

Posted on: Wednesday, June 17th 2009 and is filed under Brokerage Recommendations.

Bonanza has recommended to accumulate Wipro on dips near Rs 395 with a medium term target of Rs 500 in its report dated June 16, 2009. “Wipro is the second largest IT service vendor in the Indian Market behind IBM. We expect the company to leverage its strong presence in India and ...

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Cummins has target of Rs 300: Bonanza

Posted on: Wednesday, June 17th 2009 and is filed under Brokerage Recommendations.

Bonanza has recommended long term investors to stay invested in Cummins. Fresh entries can be made only on dips, near Rs 230 level for a target of Rs 300. “Cummins India Limited (CIL) is a 51 percent subsidiary of Cummins Inc. USA, the world’s largest independent diesel engine de...

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Sensex sheds 435pts; Realty, metals weigh

Posted on: Wednesday, June 17th 2009 and is filed under Market News.

The Sensex today opened flat at 14,978, up 20 points. However within a fraction of a second the index slipped into the negative and exhibited sideways movement in morning trades.The index rebounded into the green and touched a high of 14,996. The Sensex however failed to hold gains owing ...

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Daytrading tips Day-trading calls

Posted on: Wednesday, June 17th 2009 and is filed under free intraday tips.

Best daytrading tips, intraday stock calls, free BTST stock calls daily, most accurate intraday calls, swing calls, nse bse technical levels visit: http://nseguide.com/category/intraday-calls-tips/ ...

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HDIL, Sobha shareholders’nod for fund raising

Posted on: Wednesday, June 17th 2009 and is filed under Stock News.

Housing Development and Infrastructure Limited (HDIL), a Mumbai-based developer, today said its shareholders have passed resolutions to raise upto $ 600 million (Rs 2880 crore) through a qualified institutional placement (QIP) of shares to institutional investors. The proceeds are expect...

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We need consolidation, not stimuli

Posted on: Wednesday, June 17th 2009 and is filed under Press Releases.

Gird your loins to ride out the global economic storm, and don’t get diverted by pleas for unending tax cuts and stimulus packages that will empty the treasury without ending the storm. That should be the approach of finance minister Pranab Mukherjee in his coming budget. He will surel...

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Nifty struggles below 4500; Cipla, M&M, Tata Steel down

Posted on: Wednesday, June 17th 2009 and is filed under Market News.

MUMBAI: Indian markets were moving in narrow range with negative bias Wednesday following weakness in the global markets. IT, capital goods and metals were down on profit booking while realty and oil & gas bucked trend. “US markets closed in the red and Asian markets are mixed. A...

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Stocks in news: Jindal Steel, Power Grid, Unitech, GVK

Posted on: Wednesday, June 17th 2009 and is filed under Press Releases.

From PTI: Godrej Consumer -Godrej Consumer Products acquires 50% in JV with Swedish SCA hygiene products -CNBC-TV18 ALERT: Godrej already held 50% in the JV Board meets today -WWIL, GSFC, Spice Communication, Trent, SICAL Logistics: Results -Indowind: To consider FCCB issue -Kaaveri...

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