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Celestial Labs Ltd – 100% Profits

Posted on: Sunday, May 31st 2009 and is filed under Penny Stocks.

Call given at 20, CMP 40. Book 50% profits at 40 and hold the rest for Long term. Celestial Labs has been supporting Pharma, Bio-pharma and Biotech manufacturing with customized ITsolutions and contract research. CLL also involved in the R&D, commercial production and marketing of en...

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Weekly Review for the Week June 1st – 5th 2009

Posted on: Sunday, May 31st 2009 and is filed under Market Outlook.

We said ‘The trading pattern for the week though positive has thrown a crucial support at 13611 and I would maintain the trend as still intact up as long 13611 holds’ The market unfolded and remained positive during the week. Technically the trend is still intact up and there is no ...

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Market Review for 1st June 2009

Posted on: Sunday, May 31st 2009 and is filed under Market Outlook.

BSE Sensex: (14635) we said ‘so far the trend is still intact up and I would watch the crucial support at 14080 and trade long’ and the market closed positive near its high…technically the trend is still intact up and we may see an assault on the recent high… The support for t...

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Indian market sees best May in a decade; gains 28% returns

Posted on: Sunday, May 31st 2009 and is filed under Market News.

MUMBAI: The month of May has turned out to be the most fruitful for Dalal Street this year, with investors reaping returns of as much as 28 per cent, the highest gains seen in a decade in the month. The benchmark index Sensex gained about 3,000 points in May settling at 14,625.25 from 1...

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FIIs put in $1 bn per week in May; 2009 inflow crosses $4 bn

Posted on: Sunday, May 31st 2009 and is filed under Press Releases.

NEW DELHI: Foreign institutional investors (FIIs) have invested almost $1 billion per week in May 2009 in Indian stocks with the overseas investors’ total inflows crossing the $four-billion mark so far this year. The net investment of foreign investors in the stocks of Indian compa...

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JSW Steel to raise $1 bn via QIP, FCCB issue

Posted on: Saturday, May 30th 2009 and is filed under Stock News.

MUMBAI: JSW Steel said it will raise $ one bn (about Rs 4,775 crore) through qualified institutional placement and issue of securities in the international markets for part-financing its capital expenditures and for meeting general corporate purposes. The board has approved the raising...

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Reduce Crompton Greaves, target of Rs 259: P Lilladher

Posted on: Saturday, May 30th 2009 and is filed under Brokerage Recommendations.

Prabhudas Lilladher has recommended a reduce rating on Crompton Greaves with a target of Rs 259 in its May 22, 2009 research report. “Although the power division is expected to continue its good performance, we are concerned about the slump in the distribution products internationa...

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Oil prices jump 30% in May, largest in more than a decade

Posted on: Saturday, May 30th 2009 and is filed under Press Releases.

NEW YORK: Oil rose to a six-month high above $66 per barrel on Friday, marking its largest monthly percentage gain in more than a decade, after U.S., Japanese and Indian data suggested the economic downturn may be easing. Oil prices jumped around 30 percent this month, the largest monthly...

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Lanco Infratech March qtr net dips 47% to Rs 90 cr

Posted on: Saturday, May 30th 2009 and is filed under Stock News.

Lanco Infratech today reported a decline of 46.75 per cent in its net profit at Rs 89.86 crore in the March quarter of 2009, over the same period last year. The company had a net profit of Rs 168.78 crore in the quarter ended March 2008, Lanco Infratech said in a filing to the Bombay Stoc...

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IPO investors get returns gift

Posted on: Saturday, May 30th 2009 and is filed under Press Releases.

MUMBAI: Most investors who bet their money on initial public offerings during the heady days of the 2007-08 bull market can heave a sigh of relief. The near 80% rally in key indices since March has translated into even bigger gains in the broader market, with the result that many of the r...

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