Quotes with Resistance & Support
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Buy Neyveli Lignite, target of Rs 100: Indiabulls Sec

Posted on: Wednesday, February 25th 2009 and is filed under Brokerage Recommendations.

Indiabulls Securities Research has maintained its buy rating on Neyveli Lignite Corporation with a target price of Rs 100 in its February 24, 2009 research report. “Neyveli Lignite Corporation Ltd. (NLC) posted a 9.7% yoy increase in the net profit in Q3’09. ...

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Buy Piramal Healthcare, target of Rs 290: Motilal Oswal

Posted on: Wednesday, February 25th 2009 and is filed under Brokerage Recommendations.

Motilal Oswal has maintained its buy rating on Piramal Healthcare with a target price of Rs 290 in its February 16, 2009 research report. “Piramal Healthcare’s 3QFY09 performance was below estimates, with topline growth of 13.1% to Rs 8.3 billion v/s estimate of Rs 8.65 billion, E...

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FII net sell at Rs 384cr, DII net buy at Rs 368cr

Posted on: Wednesday, February 25th 2009 and is filed under Market News.

Foreign institutional investors (FIIs) were net sellers of Rs 384.37 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 831.33 crore, gross sales totalled Rs 1,215.70 crore. ...

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Tata Cap issue oversubscribed 6 times

Posted on: Wednesday, February 25th 2009 and is filed under Press Releases.

Tata Group firm Tata Capital said today that its public issue was oversubscribed six times, receiving bids worth more than Rs 3,000 crore on robust response from all categories of investors.The company would retain subscriptions worth Rs 1,500 crore from the issue of secured non-convertib...

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Buy GSS America infotech – Target Achieved on 26th Feb’09

Posted on: Wednesday, February 25th 2009 and is filed under Swing Calls.

Buy GSS America infotech at cmp: 120, target: 130. Stoploss: 116. Call given by Kartik ...

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Intraday calls for 25-02-09

Buy Mahindra and Mahindra at 296, target: 306. Stoploss: 292. Buy State bank of India at 1028, target: 1055. Stoploss: 1020 If markets see weakness later during the day, short sell: Reliance industries.. ...

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Accumulate GSPL; 25% upside expected: Kotak Sec

Posted on: Wednesday, February 25th 2009 and is filed under Brokerage Recommendations.

MUMBAI: Kotak Securities has upgraded its call to ‘ACCUMULATE’ on Gujarat State Petroleum and expect it to appreciate 25 per cent for a target price of Rs 40. The brokerage had earlier recommended a ‘REDUCE’ call in January. ...

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Welspun Guj bags order over Rs 500cr; stk gains

Posted on: Wednesday, February 25th 2009 and is filed under Stock News.

Welspun Gujarat Stahl Roh had touched an intraday high of Rs 64.75 and an intraday low of Rs 63.35. At 12:29 pm, the share was quoting at Rs 63.95, up Rs 1.80, or 2.90%. The company has bagged orders worth over Rs 500 crore, reports CNBC-TV18. ...

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Market Review for 25th February 2009

Posted on: Tuesday, February 24th 2009 and is filed under Market Outlook.

BSE Sensex: (8843) we had our supports at 8631 and the market bounced from 8619 and has closed flat thus giving away its sideways structure as expected. We now into F&O expiry in just 2 days and so more sideways action and some short covering is not ruled out…downside seems limited...

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Standard & Poor’s Ratings Services revises India Outlook to Negative

Posted on: Tuesday, February 24th 2009 and is filed under Press Releases.

HONG KONG (Reuters) – Standard & Poor’s cut its outlook on India’s long-term sovereign credit rating to negative from stable on Tuesday, citing an “unsustainable” deterioration in the country’s fiscal position. ...

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