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Analysts’ Picks: Hindustan Zinc, HDFC, Jet Airways

Posted on: Saturday, January 24th 2009 and is filed under Stock Views.

Hindustan Zinc Cmp: Rs 321.15 Target price: NA Centrum Broking has cut earnings estimates of Hindustan Zinc, following disappointing quarterly results, but upgraded its rating on the stock from reduce to ‘hold’. ...

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L&T increases stake in Satyam from 4% to 12%

Posted on: Friday, January 23rd 2009 and is filed under Press Releases.

Larsen & Toubro has increased its stake in Satyam Computer Services from 4% to 12%. Bulk of the buying was done by the infrastructure giant on Friday. The Satyam stock witnessed huge volumes during the day. The company has not yet commented on the move. ...

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ICICI Bank can slip to Rs 305-315: E Mathew

Posted on: Friday, January 23rd 2009 and is filed under Stock Views.

Technical Analyst, E Mathew is of the view that ICICI Bank can slip to as low as Rs 305-315. Mathew told CNBC-TV18, “ICICI Bank was one stock which was showing some signs of strength. Today an important 13-30 moving average crossover has taken place and sure enough people have lat...

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Corporate results

Posted on: Friday, January 23rd 2009 and is filed under Stock News.

State Trading Corporation of India net profit declines 26.76% in the December 2008 quarter Sales rise 25.04% to Rs 5984.48 crore GIC Housing Finance net profit declines 33.16% in the December 2008 quarter Sales rise 17.70% to Rs 79.38 crore. ...

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Oracle Financial Services Software leads gainers in ‘A’ group

Posted on: Friday, January 23rd 2009 and is filed under Stock News.

Information technology firm Oracle Financial Services Software spurted 8.60% to Rs 489.55. It topped the gainers in the BSE’s A group. The company will declare its Q3 results on 27 January 2009. Drug maker Cipla soared 7.98% to Rs 186.65. It was the second biggest gainer in A group....

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Apporached by Satyam clients: Infotech

Posted on: Friday, January 23rd 2009 and is filed under Press Releases.

Mid-sized Indian outsourcing firm Infotech Enterprises said on Friday some customers of fraud-hit Satyam Computer Services have approached it. Infotech did not name any customers in its statement to the stock exchange. ...

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Open to buying Satyam, but awaiting board nod: iGATE

Posted on: Friday, January 23rd 2009 and is filed under Press Releases.

A Satyam board meeting is on to try and spot or select a CEO for the company. Phaneesh Murthy of iGate has been watching by the developments of the last couple of weeks and gives his perspective on the issue. Phaneesh Murthy of iGATE said his company is open to buying Satyam ...

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Buy Oracle financial Services – Target Achived on 27th Jan’09

Posted on: Friday, January 23rd 2009 and is filed under Swing Calls.

Buy Oracle financial Services at 480 tgt – 500. stoploss: 470 Target Achieved on 27th Jan’09 Touched: 719 on 16th February 2009, UP 50 % in 23 days after recommendation. Call given by: Kartik ...

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Buy Nifty on dip: Nirmal Bang

Posted on: Friday, January 23rd 2009 and is filed under Brokerage Recommendations.

According to Nirmal Bang’s report, one can buy on dip with a stoploss of 2670 on the spot nifty. Nirmal Bang’s report: The trend still remains weak but what we have observed is that markets are holding the lower band area of 2670 for the time being. The outlook is gloomy as th...

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Stocks in news: Satyam, Maytas Infra, RIL, Infy

Posted on: Friday, January 23rd 2009 and is filed under Stock News.

Stocks in news: Indian ADRs: Infosys down 5%, ICICI Bank down 4%, ICICI Bank down 4%, Tata Motors down 1% Alert: Interim Rail Budget on February 13 Results today: Edelweiss, HCL Tech, Indiabulls Fin, Punj Lloyd, Reliance Communication, RNRL, Tech Mahindra ...

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