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Budget 2009 hot stocks Best stocks NSE BSE

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

Stocks to benefit from Budget 2009, Best sectors for Budget 2009, Hot stocks for Budget 2009, Small cap stocks for Budget, Sectors benefiting the most from Budget 2009, Stocks to buy for maximum gain in Budget 2009, Top sectors to benefit from Budget 2009. The housing and construction se...

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Average Indian monthly income rises to Rs 3K

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

Monthly income of average Indian crosses Rs 3,000: CSO The monthly income of an average Indian for the first time in the country’s history has crossed Rs 3,000, thanks to economic reforms and a high growth rate of above 9 per cent achieved for three years since 2005-06. The per capita...

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BPCL Q4 net profit up at Rs 3,628 cr

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

Bharat Petroleum Corporation, BPCL has announced its fourth quarter results. The company’s Q4 net profit was up at Rs 3,628 crore versus Rs 58.4 crore. Its net sales were down at Rs 26,505 crore versus Rs 32,578.6 crore. BPCL said that the total under-recoveries were at Rs 23,575 cror...

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Tata Motors FY09 PAT down at Rs 1001 cr

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

Tata Motors has announced its FY09 results. The company’s FY09 standalone net sales were down at Rs 25,354.1 crore versus Rs 28,730.8 crore, YoY. Its standalone PAT was down at Rs 1,001.3 crore versus Rs 2,028.9 crore, YoY. Its other income was up at Rs 926 crore versus Rs 483 crore. ...

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IOC FY09 net profit down at Rs 2599.4 cr

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

Indian Oil Corporation, IOC has announced its FY09 results. The company’s FY09 net profit was down at Rs 2599.4 crore versus Rs 7912.7 crore, YoY. Its net sales were up at Rs 2,45,721.6 crore versus Rs 2, 08, 948.4 crore,YoY. Its refining margin was down USD 3.69 from USD 9.02, YoY. ...

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Bank Of India FY09 cons net profit up at Rs 3,087 cr

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

Bank Of India has announced its FY09 results. The company’s consolidated net interest income was up at Rs 5,536.4 crore versus Rs 4,243.9 crore, YoY. Its consolidated net profit was up at Rs 3,087.5 crore versus Rs 1,959.8 crore, YoY. ...

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Reduce Indraprastha Gas; target of Rs 122: Angel Broking

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

Angel Broking has recommended a reduce rating on Indraprastha Gas with a price target of Rs 122 in its report dated May 28, 2009. “For 4QFY2009, IGL reported 21.8% yoy jump in Operating Income to Rs 228.5 cr (Rs 187.6 cr), which was marginally above our expectation of Rs 225.8 cr. ...

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Sell Cummins India; target of Rs 195: Emkay Global

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

Emkay Global Financial Services has maintained sell rating on Cummins India with a price target of Rs 195 in its report dated May 27, 2009. “Cummins India reported its Q4FY09 results which included amalgamation of its two subsidiaries, Cummins Auto Services Limited and Cummins Sale...

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Buy Bharti Airtel; target of Rs 952: Emkay Global

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

Emkay Global Financial Services has recommended a buy rating on Bharti Airtel with a price target of Rs 952 in its report dated May 28, 2009. “Street has raised concerns on large equity issuance (57%) and subsequent EPS dilution of 8-10% in FY10/FY11 (post consolidation of 49% in M...

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Buy Dishman Pharma, target of Rs 230: Hem Securities

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

Hem Securities has recommended a buy rating on Dishman Pharmaceuticals & Chemicals with price target of Rs 230 in its May 28, 2009 research report. “The company is a leader in CRAM business amongst the largest Indian pharmaceutical companies. Moreover, in global crisis and wea...

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