We have always noticed stocks moving in a trading range for long. This at times does get frustrating. Upside limit of this range is always a strong resistance level for the stock. This is where a stock witnesses heavy selling pressure/profit booking and finds it difficult to move above a …

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The government may give Rashtriya Chemicals and Fertilizers (RCF) natural gas from Oil and Natural Gas Corp’s (ONGC) western offshore C-Series fields in place of cheaper KG-D6 gas it currently gets from Reliance Industries (RIL). RCF currently buys 0.95 million standard cubic meter…

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Tata Global Beverages, formerly Tata Tea Ltd, is considering restructuring the company’s operations at various levels and aiming to launch a new nutrition-based beverage, top officials said on Monday. “We are looking at merging like businesses. Whenever we believe there is sc…

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Chip maker Intel Corp said it would buy security technology firm McAfee Inc for $7.68 billion in an effort to make security technology a strategic focus. Intel said it would pay $48 per share in cash for McAfee in its biggest acquisition ever. The price is a 60 per cent premium to McAfee…

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Icex, which started operations less than a year ago, was founded by Indiabulls and MMTC. It later roped in other investors Reliance-Anil Dhirubhai Ambani Group (ADAG) is reportedly acquiring a 26% stake from Indiabulls Financial Services in Indian Commodity Exchange (Icex). Icex, which…

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Eight of the country’s top-ten firms lost a whopping Rs 37,000 crore from their combined market capitalisation during the past week, with trading firm MMTC suffering the maximum loss. MMTC, at the seventh position in the list of the country’s largest firms by market capitalis…

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The Federal Reserve has said the pace of US economic recovery has slowed down in the recent months, giving out strong signals that the world’s largest economy continues to grapple with its financial woes. The apex bank’s latest comment is one of the most pessimistic in many m…

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Confidence Petroleum India Ltd has informed BSE that against the prestigious Orders worth Ra. 164.36 Crores (Rupees One Hundred Sixty Four Crore & Thirty Six Lakhs) for supply of 1371101 LPG Cylinders of capacity 14.2 KG & 19 KG, the Company has started supplying LPG cylinders t…

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CALL CLOSED. Current market price: 388.50 (after bonus). Long term target: 640. Book value: 304.96. P/E ratio: 10.11 Balmer Lawrie started its corporate journey as a Partnership Firm on 1st Februry 1867 at Kolkata, founded by two Scotmen – George Stephen Balmer and Alexander Lawrie…

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Control Print is one of the leader in Coding & Marking Industry in India. It has partnered with leading global players technologically to provide improved products in India. They provide services for entire range of manufacturing industries which include Automotive, Agro-Chemicals, …

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