Call given at 20, CMP 40. Book 50% profits at 40 and hold the rest for Long term. Celestial Labs has been supporting Pharma, Bio-pharma and Biotech manufacturing with customized ITsolutions and contract research. CLL also involved in the R&D, commercial production and marketing of en…

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We said ‘The trading pattern for the week though positive has thrown a crucial support at 13611 and I would maintain the trend as still intact up as long 13611 holds’ The market unfolded and remained positive during the week. Technically the trend is still intact up and there is no …

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MUMBAI: The month of May has turned out to be the most fruitful for Dalal Street this year, with investors reaping returns of as much as 28 per cent, the highest gains seen in a decade in the month. The benchmark index Sensex gained about 3,000 points in May settling at 14,625.25 from 1…

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NEW DELHI: Foreign institutional investors (FIIs) have invested almost $1 billion per week in May 2009 in Indian stocks with the overseas investors’ total inflows crossing the $four-billion mark so far this year. The net investment of foreign investors in the stocks of Indian compa…

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MUMBAI: JSW Steel said it will raise $ one bn (about Rs 4,775 crore) through qualified institutional placement and issue of securities in the international markets for part-financing its capital expenditures and for meeting general corporate purposes. The board has approved the raising…

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Lanco Infratech today reported a decline of 46.75 per cent in its net profit at Rs 89.86 crore in the March quarter of 2009, over the same period last year. The company had a net profit of Rs 168.78 crore in the quarter ended March 2008, Lanco Infratech said in a filing to the Bombay Stoc…

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MUMBAI: Most investors who bet their money on initial public offerings during the heady days of the 2007-08 bull market can heave a sigh of relief. The near 80% rally in key indices since March has translated into even bigger gains in the broader market, with the result that many of the r…

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Indian Oil Corporation, IOC has announced its FY09 results. The company’s FY09 net profit was down at Rs 2599.4 crore versus Rs 7912.7 crore, YoY. Its net sales were up at Rs 2,45,721.6 crore versus Rs 2, 08, 948.4 crore,YoY. Its refining margin was down USD 3.69 from USD 9.02, YoY. …

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COIMBATORE: The continuous upswing in the markets has brought the net asset value (NAV) of many mutual funds in the equity diversified category above Rs 10, a price at which new fund offers are available in the market. Of the 270-odd equity MFs, 61 funds whose NAVs plunged to single digi…

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NEW YORK (AP) — Investors are finding fresh reasons to bet on an economic rebound. Stocks rose Thursday as gains in commodities like oil and natural gas signaled that traders expect a strengthening economy will demand more energy. Robust demand at an auction for Treasury debt als…

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