Quotes with Resistance & Support
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Multi Bagger: Biocon Recommended Price Rs 147.30

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

Topline in line with expectation: Biocon posted its Q4 FY09 numbers. The topline of the company grew at a robust rate of 76% to Rs 468 crore compared to Rs 266.6 crore. The bio pharma segment of Biocon recorded a growth of 86.6% to ...

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Sensex extends losses, down 239pts

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

The Sensex has extended losses and is now down 239 points at 11,878.The BSE Metal index has plunged over 3% to 7,897. The Bankex has dropped nearly 3% to 6,028, and the IT index has declined nearly 2% to 2,732. Sterlite has slumped over 6% ...

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10 US banks fail ‘stress test’

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

Government “stress tests” of the US financial industry found that 10 of the 19 largest banks need a combined $75 billion to weather the continuing recession, US regulators said on Thursday. Treasury Secretary Timothy Geithner said that much ...

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Promoters forfeit Rs 1k cr as warrants lapse

Posted on: Friday, May 8th 2009 and is filed under Press Releases.

MUMBAI: Promoters and investors in 50 companies, who did not convert their warrants into shares to avoid losing money, have forfeited more than Rs 1,000 crore they paid at the time of allocation, according to data collated by ET. ...

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Buy Bajaj Hindusthan for target of Rs 130-135: Arihant

Posted on: Friday, May 8th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Arihant Capital Markets has advised traders to Buy Bajaj Hindustan for target of Rs 130-135 and keep a stoploss of Rs 88. “The 14 days Moving Average of Bajaj Hindusthan is at Rs 79. On the daily charts, the stock is in buy on RSI and its ...

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Buy Tata Steel for target of Rs 310: Angel

Posted on: Friday, May 8th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Angel Broking advises traders to buy Tata Steel above Rs 298 for target of Rs 310. “The stock has closed near the trend line resistance of Rs 298 with rising volumes. This suggests further upside in the coming trading session. ...

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Bulls may clear the test

Posted on: Friday, May 8th 2009 and is filed under Market Outlook.

All eyes would be on the results of stress test, regulators are slated to release the results of the stress tests, aimed at assessing banks` overall health. Indian markets staged a smart recovery on Thursday recovering almost all the previous day losses. ...

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Bharati Shipyard acquires 14.9% stake in Great Offshore

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

Bharati Shipyard, India’s second-largest private sector shipbuilder, today said it had acquired a 14.89 per cent stake in Great Offshore.The company paid Rs 315 each for the 5.53 million shares in a deal worth Rs 174 crore. Last year, Great Offshore’s ...

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Intraday calls for 08-05-09

Markets likley to open flat. Buy Mercator Lines for a target of 43.50 Stoploss: 40.30 Buy Bharti Airtel on dips for a target of 805. Stoploss: 765 Short sell: DLF below 238, target: 228. Stoploss: 243 ...

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Ten US banks need to raise $74.6 bn in capital

Posted on: Friday, May 8th 2009 and is filed under Press Releases.

US regulators said 10 of the top 19 banks will need to raise a total of USD 74.6 billion in capital over the next six months. The USD 74.6 billion amount was smaller than what some analysts had estimated the results of the bank stress test to be. Bank of America had the largest ...

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