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Hold Bank of India, target of Rs 260: Emkay

Posted on: Saturday, May 9th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has reduced its rating on Bank of India to hold with a target price of Rs 260 in its May 08, 2009 research report. “Bank of India (BOI) reported a net profit of Rs 8.1 billion for Q4FY09 was in line with our expectations. However, the operating perfo...

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Buy Great Offshore, target of Rs 435: Emkay

Posted on: Saturday, May 9th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on Great Offshore with a price target of Rs 435 in its May 08, 2009 research report. “In a significant development, Bharati shipyard (BSL) has bought 14.89% @ Rs 315/share in Great Offshore, by acquisition of pledged sha...

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Buy Bhushan Steel, target of Rs 504: PINC Research

Posted on: Saturday, May 9th 2009 and is filed under Brokerage Recommendations.

PINC Research has recommended a buy rating on Bhushan Steel with a price target of Rs 504 in its May 06, 2008 research report. “Bhushan Steel’s Q4FY09 results were above expectations as net sales declined marginally by 8% to Rs 12.1 billion. The decline was arrested by higher sal...

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Accumulate Union Bank, target of Rs 170: Emkay

Posted on: Saturday, May 9th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has downgraded its rating on Union Bank of India to accumulate from buy with a price target of Rs 170 in its May 08, 2009 research report. “Union Bank of India’s (UBI) reported net profit of Rs 4.7 billion for Q4FY09, decline of 10.8% yoy. Although...

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Sell Bharati Shipyard, target of Rs 79: Emkay

Posted on: Saturday, May 9th 2009 and is filed under Brokerage Recommendations.

Emkay Global Financial Services has maintained its sell rating on Bharati Shipyard with a target price of Rs 79 in its May 08, 2009 research report. “Bharati Shipyard (BSL) has acquired 14.9% shares @ Rs 315 in Great Offshore (GOL) pledged with itself against a loan of Rs 2000 mill...

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Buy JSW Steel, target of Rs 525: PINC Research

Posted on: Saturday, May 9th 2009 and is filed under Brokerage Recommendations.

PINC Research has recommended a buy rating on JSW Steel with a price target of Rs 525 in its May 08, 2009 research report. “JSW Steel (JSW) reported net sales of Rs 32.3 billion for Q4FY09, a YoY decline of 9%. The drop was primarily due to the 15% decline in average realisations a...

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Sell IVRCL Infrastructure, target of Rs 142: PINC Research

Posted on: Saturday, May 9th 2009 and is filed under Press Releases.

PINC Research has recommended a sell rating on IVRCL Infrastructure and Projects with a price target of Rs 142 in its May 08, 2009 research report. “IVRCL’s order book as of March ’09 stands at Rs 135 billion (2.8x FY09E Revenues). While water supply & environmenta...

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Bank confidence, data push Wall St higher

Posted on: Saturday, May 9th 2009 and is filed under Press Releases.

NEW YORK (Reuters) – U.S. stocks rose on Friday, and the Nasdaq capped its longest stretch of weekly gains in a decade as stress test results and reassuring jobs data fueled hopes the worst is over for banks and the economy. ...

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Layoffs slow to 539K in April; jobless rate rises

Posted on: Saturday, May 9th 2009 and is filed under Press Releases.

WASHINGTON (AP) — The pace of layoffs slowed in April when employers cut 539,000 jobs, the fewest in six months. But the unemployment rate climbed to 8.9 percent, the highest since late 1983, as many businesses remain wary of hiring given ...

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Stocks of 400 companies rise 100 per cent

Posted on: Friday, May 8th 2009 and is filed under Stock News.

Sensex may have gained 58% from its one-year low but did you know that over 400 companies have more than doubled their share prices from one-year lows? As many as 20 largecaps such as RIL, SAIL, M&M , Sterlite, ICICI Bank and 30 mid-caps ...

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