Quotes with Resistance & Support
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BGR Energy bags $8.6 mn Iraq contract

Posted on: February 24th, 2009 and is filed under Stock News.

Chennai-based BGR Energy Systems Ltd (BGR Energy’s) oil and gas equipment division has won a contract worth $8.57 million from Iraq, to design, manufacture and supply 14 floating- and fixed-roof steel storage tanks.The company had bagged the order from State Company of Oil Projects …

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L&T bags Rs 1,438cr power projects; two in gulf

Posted on: February 24th, 2009 and is filed under Stock News.

Engineering major Larsen & Toubro today said it has bagged three orders worth Rs 1,438 crore from different agencies for power infrastructure-related works.In a filing to the Bombay Stock Exchange, L&T said it has secured a Rs 800-crore order from Al Ain Distribution Co for the …

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Angel Broking neutral on Glaxo Pharma

Posted on: February 24th, 2009 and is filed under Brokerage Recommendations.

Angel Broking has maintained its neutral rating on Glaxo Pharmaceuticals in its February 20, 2009 research report. “Glaxo’s 4QCY2008 results were ahead of our expectations. For the quarter, the company posted Net Sales of Rs 368.5 crore registering a yoy growth of 8.6%. …

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Stocks fall sharply; Realty, banks badly hit

Posted on: February 24th, 2009 and is filed under Market News.

MUMBAI: Stocks opened sharply lower on Tuesday tailing a global rout after a fresh wave of fears about the global financial system. All sectoral indices were trading lower. Realty and banking stocks were the worst hit. …

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Recession an eye opener for investors

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

MUMBAI: Investors need to learn from the ongoing recession which has wiped out wealth across the world. The meltdown has resulted in 70-80 per cent erosion in retail investor portfolio from the Sensex peak of 21,000. …

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FII Activities in NSE/BSE

Posted on: February 23rd, 2009 and is filed under Stock Research.

FII activity shows the sale/purchase activity of Foreign Institutional Investors as reported to SEBI. The data is available for both Equity as well as Debt market investments. The following report is as on 20′ February 2009. …

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Macquarie maintains ‘Outperform’ rating on Pantaloon Retail

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

Macquarie maintains its ‘Outperform’ rating on Pantaloon Retail. However, it has cut the earnings estimates and target price to reflect the expectations of slowing same-store sales growth and the credit crunch. Same-store sales (SSS) growth for Indian retailers turned negative for the…

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Stocks above their 50 day moving average (DMA)

Posted on: February 23rd, 2009 and is filed under Stock Research.

Click to view the list of stocks that are above their 50 day moving average. Technically speaking, the stocks above their moving average are expected to give a technical breakout in some days or so. But at the time it should be remembered …

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Stocks above their 30 day moving average (DMA)

Posted on: February 23rd, 2009 and is filed under Stock Research.

Following is the list of stocks that are above their 30 day moving average. This list was prepared on 20th February 209, hence the prices of the stocks are also as on 20th February 2009. …

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Stock markets closed for holiday

Posted on: February 23rd, 2009 and is filed under Market News.

MUMBAI: Stock, bond and currency markets are closed on Monday for a local holiday. Trading resumes on Tuesday. On Friday, the 30-share BSE index fell 2.21 percent to 8,843.21, its lowest close since Jan. 22, and registered its biggest weekly fall since October. …

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