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Angel Broking maintains BUY on Educomp

Posted on: Monday, February 2nd 2009 and is filed under Brokerage Recommendations.

Educomp Solutions has won orders from the State Governments of Uttar Pradesh (UP) and Assam for a total of 2,042 schools and the total size of these orders stands at Rs120 crore. With these wins, Educomp has achieved its target of 12,000 schools in its ICT Business (government schools). ...

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Intraday calls for 02-02-09

Posted on: Monday, February 2nd 2009 and is filed under Intraday Tips, Daytrading, Intraday tips for free NSE BSE Breakouts Daily intraday tips calls.

Markets likely to open weak. Short sell: BHEL at 1320, target: 1290. Stoploss: 1335 On dips buy Aban Offshore and Nagarjuna Fertilizers (above 16.50) ...

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Weekly Review for the Week February 2nd – 6th 2009

Posted on: Sunday, February 1st 2009 and is filed under Market Outlook.

Sensex: (9424) Nifty: (2875) 30.1.09 Prakash Gaba: We said ‘Technically the market is still weak and has not shown any signs of strength as yet, we now head into an F&O expiry week and volatility can be witnessed but the bias is weak’ ...

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Market Review for 2nd February 2009

Posted on: Sunday, February 1st 2009 and is filed under Market Outlook.

BSE Sensex: (9424) the market opened low and but moved up from our very strong supports. And closed positive. The up move was a total surprise but since the market has closed positive, it looks that the market maybe up for the next few days… ...

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SEBI asks promoters to disclose pledged shares in 7 days

Posted on: Sunday, February 1st 2009 and is filed under Press Releases.

NEW DELHI: Market regulator SEBI has asked all the listed companies in the country to make disclosures on shares pledged by promoters within seven days and has amended the relevant regulations on this. Following its decision at a board meeting held on January 21, the regulator has outline...

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Wipro sees slowdown in big new contracts

Posted on: Sunday, February 1st 2009 and is filed under Stock News.

Davos, Switzerland: Wipro Ltd expects demand for new software and systems to stagnate for up to two years as a result of the global economic slowdown, a top executive said on Saturday. In response, Wipro plans to focus on providing operations services and helping clients cut costs, Wipro ...

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Four big clients likely to move business from Satyam to other IT firms

Posted on: Saturday, January 31st 2009 and is filed under Press Releases.

MUMBAI: Troubles keep mounting for Satyam Computer Services. Four of its large clients, Citigroup, Merrill Lynch, Novartis and GlaxoSmithKline are in talks to move their business from the Hyderabad-based company to other Indian IT firms. These clients contribute over $200 million to Satya...

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Jaiprakash Asso has target of Rs 85: Thacker

Posted on: Saturday, January 31st 2009 and is filed under Stock Views.

Technical Analyst, Mitesh Thacker is of the view that Jaiprakash Associates is looking technically strong and has target of Rs 85. ” We looked at the target of Rs 540 for a technical bounce back on United Spirits, the stock has done that and its slightly crossed and moved up to Rs 575-5...

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Company Review: HDIL

Posted on: Saturday, January 31st 2009 and is filed under Brokerage Recommendations.

BNP Paribas Securities: Housing Development and Infrastructure Limited (HDIL’s) 3QFY09 results provide the first signal that our sector thesis is beginning to play out. We argued high leverage will force developers to sell assets to support cash flows in a down cycle, thus making DCF-ba...

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Q4 GDP down 3.8 percent, biggest drop since 1982 – USA

Posted on: Saturday, January 31st 2009 and is filed under Press Releases.

WASHINGTON (Reuters) – The economy shrank at its fastest pace in nearly 27 years in the fourth quarter, government data showed, sinking deeper into recession as consumers and business cut spending. The Commerce Department on Friday said gross domestic product, which measures total ...

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