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Range-bound equities: Investors face difficult choices

Posted on: Tuesday, February 10th 2009 and is filed under Market Outlook.

Most panellists at the ‘Equity Outlook- 2009’ discussion hosted by ET Now, ET’s upcoming business news channel, were of the view that the stock market would be range-bound, and 2009 would most likely end at 8,000-8,500 for the sensex. ...

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Obama to Congress: Pass stimulus, don’t play games

Posted on: Tuesday, February 10th 2009 and is filed under Press Releases.

WASHINGTON (AP) — President Barack Obama, urgently pressuring lawmakers to approve a massive economic recovery bill, turned his first news conference Monday night into a determined defense of his emergency plan and an offensive against Republicans who try to “play the usual po...

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Intraday calls for 10-02-09

Posted on: Tuesday, February 10th 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Sorry for the delay guys.. Same problem as yesterday.. Buy GVK power on intraday dips and Tata Power above 790, target: 810. Stoploss: 784 ...

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Stocks in news: TTML, Satyam, Aegis Logistics, Arihant

Posted on: Tuesday, February 10th 2009 and is filed under Stock News.

Indian ADRs: Satyam down 6%, ICICI Bank up 3%, Infosys, HDFC Bank, Tata Motors up 1% SEBI may seek details of end use of pledge shares – ET Satyam update: ...

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Market Review for 10th February 2009: Prakash Gaba

Posted on: Monday, February 9th 2009 and is filed under Market Outlook.

BSE Sensex: (9583) we were expecting a mildly positive bias and the market has obliged and in the process has given a technical breakout on the upside…the rally is fuelled by the Bank stocks and some of the Sensex heavyweights… ...

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Founders pledge 13.5% of Tata Steel equity

Posted on: Monday, February 9th 2009 and is filed under Press Releases.

Mumbai: Tata Steel Ltd said on Monday its founders have pledged 98.9 million shares, or 13.53 per cent of the total equity capital. Tata Sons Ltd, which held 29.27 per cent of the steelmaker at December 2008, has pledged 96.4 million shares, or 13.19 per cent. ...

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BEML bags Rs 1672 cr order from Bangalore Metro

Posted on: Monday, February 9th 2009 and is filed under Press Releases.

Bangalore: Defence PSU Bharat Earth Movers Limited has bagged an order valued at around Rs 1672.50 crore from the Bangalore Metro Rail Corporation Ltd, said V R S Natarajan, Chairman, BEML. “This is the single largest order from a single tender. BEML is also likely to get an additional...

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Mallya plans to sell 49% stake in Whyte & Mackay

Posted on: Monday, February 9th 2009 and is filed under Press Releases.

Liquor baron Vijay Mallya is mulling to divest around 49 per cent stake in United Spirits Ltd’s UK-based wholly-owned subsidiary Whyte & Mackay (W&M), which it acquired for 595 million pounds in May 2007.The move is part of the USL’s plan to raise cash, including int...

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Hold Voltamp Trans, target of Rs 403: KRChoksey

Posted on: Monday, February 9th 2009 and is filed under Stock Research.

KRChoksey Research has recommended a hold rating on Voltamp Transformers with a target of Rs 403 in its February 4, 2009 research report. “VTL net sales gone down by 4.5% to Rs 136.4 crore in Q3FY09 as against Rs 142.9 crore during Q3FY08. PAT gone up by 50.0% (YoY) to Rs 34.1 crore...

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Accumulate Balaji Telefilms, target of Rs 52: Angel

Posted on: Monday, February 9th 2009 and is filed under Brokerage Recommendations.

Angel Broking has downgraded its rating on Balaji Telefilms with a target of Rs 52 in its January 29, 2009 research report. “For the quarter, Topline de-grew 36.8% yoy to Rs 50.6 cr (Rs 80 cr) on a Standalone basis. In terms of Earnings, the company registered a decline of 97% yoy i...

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