Quotes with Resistance & Support
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Book profit in Aban Offshore: Sharekhan

Posted on: Saturday, June 13th 2009 and is filed under Brokerage Recommendations.

Sharekhan has advised investors to book profit in Aban Offshore in its June 11, 2009 research report. “ERHC Energy Inc (ERHC) has informed that the contract for Aban Abraham, the deepwater oil rig of Aban Offshore, with Addax has been cancelled. The rig was contracted for a period ...

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Buy Tata Tea, target of Rs 853: Sharekhan

Posted on: Saturday, June 13th 2009 and is filed under Brokerage Recommendations.

Sharekhan has recommended a buy rating on Tata Tea with a target price of Rs 853 in its June 10, 2009 research report. “Tata Tea’s Q4FY2009 numbers (derived from FY2009 and M9FY2009 numbers) are below our expectations. The top line grew by 9.4% year on year (yoy) to Rs 1,226.1 c...

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Buy Orchid Chemicals, target of Rs 176: Reliance Money

Posted on: Saturday, June 13th 2009 and is filed under Brokerage Recommendations.

Reliance Money has recommended a buy rating on Orchid Chemicals and Pharmaceuticals with a target price of Rs 176 in its June 12, 2009 research report. “Orchid Chemicals & Pharmaceuticals (Orchid) is an integrated pharmaceutical company with core competencies in the cephalospo...

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Buy ITC, target of Rs 250: Nirmal Bang

Posted on: Saturday, June 13th 2009 and is filed under Brokerage Recommendations.

Nirmal Bang has recommended a buy rating on ITC with a target price of Rs 250 in its June 10, 2009 research report. “At the CMP of Rs 194 per share, the stock is currently trading at a PE of 17.1x FY10E & 14.6x FY11E, which looks quite attractive when compared to the peers in ...

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Sell NALCO, target of Rs 287: Reliance Money

Posted on: Saturday, June 13th 2009 and is filed under Brokerage Recommendations.

Reliance Money recommended a sell rating on National Aluminium Company (NALCO) with a target price of Rs 287 in its June 12, 2009 research report. “National Aluminium Co. Ltd. (Nalco) has delivered its worst ever performance in last 16 quarters – courtesy low LME Aluminium pr...

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FII-TO-FII: Pantaloon traded at 8% premium

Posted on: Saturday, June 13th 2009 and is filed under Stock News.

Trades between FIIs generated a volume of Rs 32 crore on the BSE Friday-an increase of 44.16% from Rs 22 crore clocked on Thursday. As many as five stocks witnessed trades of 11 lakh shares on Friday.Pantaloon Retail (India) was traded at highest premium of 7.81% on BSE with 12,184 shares...

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India’s valuations are cheaper: Analysts

Posted on: Friday, June 12th 2009 and is filed under Press Releases.

HONG KONG/MUMBAI: While investors hope that consumer spending growth in China will eventually balance its export dependence, in the short term it is India that presents more opportunity. Economists crow over the long-term domestic growth prospects in both emerging Asian giants, which is ...

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NSE gets BSE nod for multiple SE trading solution

Posted on: Friday, June 12th 2009 and is filed under Market News.

MUMBAI: The National Stock Exchange (NSE) has received in-principle approval from the Bombay Stock Exchange (BSE) to develop a solution that would allow NSE/BSE brokers to trade on multiple exchanges. This would enable simultaneous trading in NSE and BSE-listed companies, said persons fam...

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No IIP cheer…Nifty trips below 4,600

Posted on: Friday, June 12th 2009 and is filed under Market News.

Sensex slipped 173 points or 1.3% to end at 15,238 while Nifty slipped 61 points or 1.3% to shut shop at 4,576. Indian markets faltered for the second straight trading session on Friday led by selling in the interest rate sensitive stocks. Even the Mid-Cap and the Small-Cap stocks witnes...

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R-Infratel eyes $1-bn from PE firms; may sell 10-15 pc stake

Posted on: Friday, June 12th 2009 and is filed under Stock News.

NEW DELHI: Anil Ambani group firm Reliance Infratel is looking to raise about Rs 5,000 crore (close to one billion dollars) through sale of shares, for which it is in talks with a number of private equity firms. Reliance Infratel, a subsidiary of the group’s telecom arm RCOM, is lo...

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