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Buy Sunil Hitech, target of Rs 111: Angel Broking

Posted on: Tuesday, February 24th 2009 and is filed under Brokerage Recommendations.

Angel Broking has a buy recommendation on Sunil Hitech with target price of Rs 111 in its February 24, 2009 research report. “Sunil Hitech Engineers (SHEL), enjoys a strong order book position of Rs 1,298 crore or 4x its FY2008 revenue. This strong order book position provides high ...

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Angel Broking neutral on Glaxo Pharma

Posted on: Tuesday, February 24th 2009 and is filed under Brokerage Recommendations.

Angel Broking has maintained its neutral rating on Glaxo Pharmaceuticals in its February 20, 2009 research report. “Glaxo’s 4QCY2008 results were ahead of our expectations. For the quarter, the company posted Net Sales of Rs 368.5 crore registering a yoy growth of 8.6%. ...

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Buy USD at 49.80: Bonanza

Posted on: Tuesday, February 24th 2009 and is filed under Brokerage Recommendations.

Bonanza has recommended to buy USD at 49.80 with stoploss below 49.5875 and target of 50.30, 50.70, 51. “Short to medium term outlook for the Rupee continues to be bearish but expected Central Bank intervention at the levels of 50 could provide support to Indian Rupee,” says B...

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HDFC Securities neutral on Mercator Lines

Posted on: Tuesday, February 24th 2009 and is filed under Brokerage Recommendations.

HDFC Securities has maintained its neutral rating on Mercator Lines in its February 24, 2009 research report. “MLL’s results were as per our expectations and most of the fleet is on long term charter. At the CMP of Rs 27, the stock is trading at 2.5x and 2.6x its FY09E and FY10E e...

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Key levels: Sensex heading towards 8,435?

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

Negative global cues suggest a weak opening for our markets this morning.The Sensex is very likely to open below the monthly S1 (support 1) level of 8,725, hence the index may then very well test its quarterly support of 8,435 today or tomorrow. ...

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Stocks fall sharply; Realty, banks badly hit

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

MUMBAI: Stocks opened sharply lower on Tuesday tailing a global rout after a fresh wave of fears about the global financial system. All sectoral indices were trading lower. Realty and banking stocks were the worst hit. ...

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Intraday calls for 24-02-09

Posted on: Tuesday, February 24th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likley to see a gap down opening. Short sell Reliance industries for a target of 1210. Stoploss: 1260 Short sell NMDC for a target of 145. Stoploss: 155. ...

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Stocks Tumble; Dow Hits Lowest Since ’97

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

NEW YORK (Reuters) – Stocks slid on Monday, sending the Dow Jones industrial average to its lowest in more than 11 years, as uncertainty about the government’s latest bid to shore up ailing banks, including Citigroup, diminished the appetite for riskier ...

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Recession an eye opener for investors

Posted on: Monday, February 23rd 2009 and is filed under Press Releases.

MUMBAI: Investors need to learn from the ongoing recession which has wiped out wealth across the world. The meltdown has resulted in 70-80 per cent erosion in retail investor portfolio from the Sensex peak of 21,000. ...

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FII Activities in NSE/BSE

Posted on: Monday, February 23rd 2009 and is filed under Stock Research.

FII activity shows the sale/purchase activity of Foreign Institutional Investors as reported to SEBI. The data is available for both Equity as well as Debt market investments. The following report is as on 20′ February 2009. ...

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