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Nashik strikes Rs 25cr daily dent to M&M

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

Union leader’s suspension sparks workers’ protest..Workers at Mahindra & Mahindra’s largest plant, at Nashik, have gone on an indefinite ‘tools down’ strike, denting the company’s revenue by Rs 25 crore a day. This, along with Hyundai’s troubles, ...

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Country Club – 66% Profits

Posted on: Thursday, May 7th 2009 and is filed under Penny Stocks.

Call given at 15, CMP 25. Book 50% profits at 25 and hold the rest for Long term. CCIL – Country Club India Ltd is one of the fastest growing entertainment and leisure conglomerate in India. A Multi-Million dollar entity and a listed company on BSE (Bombay Stock Exchange), CCIL is ...

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Karutri Global – 100% Profits

Posted on: Thursday, May 7th 2009 and is filed under Penny Stocks.

Call given at 10, CMP 21.90. Book 50% profits at 21 and hold the rest for Long term. Karuturi Global is the world’s largest producer of roses, cultivating 585 million stems per annual. Boasts over a decade of experience in rose cultivation with operations in Ethiopia, Kenya and India. ...

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FIIs buy more shares than DLF promoters in buyback period

Posted on: Thursday, May 7th 2009 and is filed under Stock News.

Promoters of realty major DLF today said they could acquire about 76.4 lakh shares in its just concluded buyback offer that continued for about seven months, but overseas investors purchased over ten times more shares during the same period. ...

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Market Review for 8th May 2009 : Prakash Gaba

Posted on: Thursday, May 7th 2009 and is filed under Market Outlook.

BSE Sensex: (12117) we said the market is in consolidation and the days trading confirmed that the market is in a consolidation and as assault a fresh up move has generated on technical front, which should take the market up to its next logical ...

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JSW Steel zooms 11%, company gets back in black

Posted on: Thursday, May 7th 2009 and is filed under Stock News.

JSW Steel has rallied on news that the company today reported turnaround in net profit as against a loss of Rs 49 crore reported in the quarter ended December, 2008. The stock has zoomed over 11% to Rs 424 on volumes of around 2.13 million shares ...

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Markets up on buying support

Posted on: Thursday, May 7th 2009 and is filed under Market News.

The Bombay Stock Exchange benchmark Sensex on Friday opened higher by 63 points on sustained buying by funds amid investors covering their pending positions. The 30-share barometer, which had gained 164.19 points in previous day’s trading, ...

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US stocks jump as fears ebb about ‘stress tests’

Posted on: Thursday, May 7th 2009 and is filed under Press Releases.

Investors felt more confident putting their money into banks on the eve of a government report card on big financial companies. Bank stocks pulled the market higher Wednesday as media reports trickled out that indicated balance sheets at major lenders ...

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Birla Corporation moves up ahead of results

Posted on: Thursday, May 7th 2009 and is filed under Stock News.

Shares of Birla Corp have surged by over 4% to Rs208 ahead of the quarterly results o be announced later in the day. The scrip has touched an intra-day high of Rs211 and a low of Rs203 and has recorded volumes of over 70,000 shares on NSE. ...

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Sensex reclaims 12000; metals, banks lead

Posted on: Thursday, May 7th 2009 and is filed under Market News.

MUMBAI: Equities opened higher Thursday after last hour selling pressure in the previous session. Buoyant cues from global shores aided the positive sentiment. All sectoral indices posted decent gains. Bombay Stock Exchange’s Sensex was up 111 points ...

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