Quotes with Resistance & Support
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Intraday calls for 22-06-09

Buy Kingfisher Airlines at 52, target: 55. Stoploss: 51 Buy Chambal Fertilisers at 62.70, target: 66. Stoploss: 61.80 If markets show weakness later during the day, short sell: Nagarjuna Construction below 120. …

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TechM renames Satyam as Mahindra Satyam

Posted on: June 21st, 2009 and is filed under Stock News.

After two days of deliberations on drawing up the road map for the fraud-hit Satyam Computer Services at the ‘Leadership Meet’ that concluded here on Sunday, Tech Mahindra has given the IT outsourcing company a new brand identity — Mahindra Satyam. The logo will be adopt…

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Analysis: Obama offers split verdict on economy

Posted on: June 21st, 2009 and is filed under Press Releases.

WASHINGTON: It’s a difficult balancing act for President Barack Obama and his economic policymakers. Where some economists see “green shoots” of a recovery others see only yellow weeds of continuing recession. It’s hard to know for sure whether things are getting …

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Infrastructure stocks due for upgrades: Tata

Posted on: June 20th, 2009 and is filed under Press Releases.

MUMBAI: Indian infrastructure stocks are not cheap after a surge since early March, but could see earnings upgrades later this year, making valuations reasonable, the manager of the country’s oldest infrastructure mutual fund said. The environment has turned positive given improv…

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Opto Circuits soars over 7% on strong Q4 nos

Posted on: June 19th, 2009 and is filed under Stock News.

The stock remained firm and finally ended with a gain of 7.5% at Rs 162. It has gained 22% in the past month. Around 963,830 shares were traded at the counter on the BSE today.Opto Circuits India has surged in early trades backed by strong Q4 numbers.The stock opened Rs 5 higher at Rs 155…

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Sensex rangebound; Tata Motors, L&T, Rel Infra up

Posted on: June 19th, 2009 and is filed under Market News.

MUMBAI: Indian markets were moving in a narrow range on Friday with a positive bias as investors bought stocks at lower levels. Indices had shot up over 1 per cent in early trade but couldn’t absorb the supply in frontline stocks. Meanwhile midcap and smallcap stocks showed some resist…

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Nifty reclaims 4300; Tata Motors, DLF in lead

Posted on: June 19th, 2009 and is filed under Market News.

MUMBAI: Equities rebounded on Friday on the back of positive cues from overseas markets. Realty and capital goods fronted the upmove. Secondline counters were trading on a positive note as well. “We expect the market to bottom out today and expect buying at lower levels. We are positiv…

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Top 100 stocks with the lowest P/E

Posted on: June 19th, 2009 and is filed under Stock Research.

Following is the list of stocks having a P/E less than 4.20. For people who don’t know what P/E is about I recommend them to check it out here. The list is generated as on 18th June 2009 But …

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Tilaknagar Ind allots 41.70 lakh warrants to promoter

Posted on: June 18th, 2009 and is filed under Stock News.

MUMBAI: Manufacturer and supplier of Indian-made foreign liquor Tilaknagar Industries on Thursday said its shareholders have approved to issue 41.70 lakh convertible warrants to a promoter of the company on preferential allotment basis. Shareholders of the company has approved the allotm…

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Opto Circuits Q4 net up 62% at Rs 55 cr

Posted on: June 18th, 2009 and is filed under Stock News.

Manufacturer of healthcare devices Opto Circuits India today said its consolidated net profit for the fourth quarter ended March 31, 2009, rose by 62 per cent at Rs 55.37 crore, over the same period last year.The company had a net profit of Rs 34.20 crore in the same period ended March 20…

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