Topline in line with expectation: Biocon posted its Q4 FY09 numbers. The topline of the company grew at a robust rate of 76% to Rs 468 crore compared to Rs 266.6 crore. The bio pharma segment of Biocon recorded a growth of 86.6% to …

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The Sensex has extended losses and is now down 239 points at 11,878.The BSE Metal index has plunged over 3% to 7,897. The Bankex has dropped nearly 3% to 6,028, and the IT index has declined nearly 2% to 2,732. Sterlite has slumped over 6% …

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Government “stress tests” of the US financial industry found that 10 of the 19 largest banks need a combined $75 billion to weather the continuing recession, US regulators said on Thursday. Treasury Secretary Timothy Geithner said that much …

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MUMBAI: Promoters and investors in 50 companies, who did not convert their warrants into shares to avoid losing money, have forfeited more than Rs 1,000 crore they paid at the time of allocation, according to data collated by ET. …

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MUMBAI: Arihant Capital Markets has advised traders to Buy Bajaj Hindustan for target of Rs 130-135 and keep a stoploss of Rs 88. “The 14 days Moving Average of Bajaj Hindusthan is at Rs 79. On the daily charts, the stock is in buy on RSI and its …

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MUMBAI: Angel Broking advises traders to buy Tata Steel above Rs 298 for target of Rs 310. “The stock has closed near the trend line resistance of Rs 298 with rising volumes. This suggests further upside in the coming trading session. …

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Bharati Shipyard, India’s second-largest private sector shipbuilder, today said it had acquired a 14.89 per cent stake in Great Offshore.The company paid Rs 315 each for the 5.53 million shares in a deal worth Rs 174 crore. Last year, Great Offshore’s …

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Call given at 15, CMP 25. Book 50% profits at 25 and hold the rest for Long term. CCIL – Country Club India Ltd is one of the fastest growing entertainment and leisure conglomerate in India. A Multi-Million dollar entity and a listed company on BSE (Bombay Stock Exchange), CCIL is …

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Promoters of realty major DLF today said they could acquire about 76.4 lakh shares in its just concluded buyback offer that continued for about seven months, but overseas investors purchased over ten times more shares during the same period. …

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Penny stocks are shares listed in nse bse that trade from a fraction of a penny to 20-30rs and having a small market cap. They are riskier as compared to large cap stocks, but give handsome profits in the long run. The long term profit given buy a penny stock varies form 10% to more than …

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