Quotes with Resistance & Support
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Buy Sun Pharmaceutical, target of Rs 1498: Sharekhan

Posted on: Monday, June 8th 2009 and is filed under Brokerage Recommendations.

Sharekhan has maintianed its buy rating on Sun Pharmaceutical Industries with a target price of Rs 1498 in its June 04, 2009 research report. “Sun Pharma’s Q4FY2009 performance was ahead of our expectations primarily due to higher than expected growth in its domestic formulatio...

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Buy Glodyne Technoserve, target of Rs 575: Reliance Money

Posted on: Monday, June 8th 2009 and is filed under Brokerage Recommendations.

Reliance Money has recommended a buy rating on Glodyne Technoserve, with price target of Rs 575, in its report dated June 8, 2009. “Glodyne Technoserve continues to leap forward with impressive financial performance. We expect consolidated revenues to grow at a CAGR of 31% over FY0...

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Buy Orchid Chemicals, target of Rs 163: Sharekhan

Posted on: Monday, June 8th 2009 and is filed under Brokerage Recommendations.

Sharekhan has maintained its buy rating on Orchid Chemicals & Pharmaceuticals, with price target of Rs 163, in its report dated June 5, 2009. “At the current market price of Rs 136, Orchid is discounting its FY2009E earnings by 10.7x and its FY2010E earnings by 8.3x. Though th...

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Buy Colgate; target of Rs 740: Hem Securities

Posted on: Monday, June 8th 2009 and is filed under Brokerage Recommendations.

Hem Securities has maintained its buy rating on Colgate Palmolive with a price target of Rs 740 in its report dated June 6, 2009. “Colgate Palmolive has performed well in Q4FY09 with its topline and bottomline surging at a whopping rate of 21% and 39% respectively. The operating pr...

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Buy SBI, target of Rs 1950: Networth Stock Broking

Posted on: Monday, June 8th 2009 and is filed under Brokerage Recommendations.

Networth Stock Broking has recommended a buy rating on State Bank of India, SBI with a price target of Rs 1950 in its report. “Aggressive out of the money call buying. Lowest level of outstanding in futures. Only 30.8 lacs (3 million) shares are outstanding in futures. Last time su...

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Buy Punjab National Bank, target of Rs 750: KRChoksey

Posted on: Monday, June 8th 2009 and is filed under Stock Views.

KRChoksey has maintained its buy rating on Punjab National Bank, PNB with price target of Rs 750, in its report. “PNB reported strong Net Profit of Rs 865.6 crores, up 59.2% y-o-y but down 13.4% q-o-q on back of better operational performance and strong growth in non interest incom...

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Hold Bank of India, target of Rs 360: KRChoksey

Posted on: Monday, June 8th 2009 and is filed under Stock Views.

KRChoksey has maintained its hold rating on Bank of India, with price target of Rs 360, in its research report. “Bank of India’s Q4FY09 results were broadly in line with expectations with Net Profits decreasing 7% q-o-q to Rs 757.1 crores. At current price of Rs 344 the stock is ...

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Sensex sees third-biggest fall of the year

Posted on: Monday, June 8th 2009 and is filed under Market News.

MUMBAI: The Bombay Stock Exchange benchmark Sensex on Monday suffered the third-biggest fall of the year and ended below the 15,000 level by BSE Cashing in on your money Know about stock arbitrage Better returns: Book capital losses Plan long term portfolio losing nearly 438 points ...

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Best 10 mid-cap stocks for long-term investors

Posted on: Monday, June 8th 2009 and is filed under Stock Research.

Scratch a stock boom, you get a mid-cap. The ongoing bull ride in Indian stock market is no different. The current rally has taken Nifty from 2,573 on March 09 to 4,587 on June 05. And behind this surge too is a range of mid-cap stocks. The benchmark index for mid-cap companies CNX Midcap...

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Sensex slips 492pts on profit taking

Posted on: Monday, June 8th 2009 and is filed under Market News.

The Sensex opened 50 points higher at 15,153. A freak trade in Reliance saw the index touch a low of 14,761. The index soon touched a high of 15,201, before slipping back into the negative zone.The index, thereafter, tried to recover but failed. Aggressive profit-taking in realty and meta...

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