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IT stocks at fresh 52 week lows

Posted on: October 8th, 2008 and is filed under Stock News.

MUMBAI: IT stocks continued to languish and traded at fresh 52 week lows in the first hour of Wednesday’s trade. Infosys Technologies touched a 52-week low of Rs 1196, while TCS touched a 52-week low of Rs 516.95. …

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Rupee falls to toward 6-year low early

Posted on: October 8th, 2008 and is filed under Market News.

MUMBAI: The rupee fell towards a six-year low early on Wednesday as a sharp fall in Asian stocks intensified concerns about accelerated foreign fund withdrawals. At 9:03 a.m. (0333 GMT), the partially convertible rupee was at 48.28 per dollar, its lowest since Dec. 2, 2002. On Tuesday, it…

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Bush signs N-deal today; India expects 123 clarifications

Posted on: October 8th, 2008 and is filed under Press Releases.

WASHINGTON: US president George W Bush is set to sign the legislation on the Indo-US nuclear deal into law on Wednesday, an occasion when India expects certain provisions of the 123 Agreement will be cleared. …

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Mkts end flat amid extreme volatility; Nifty above 3600

Posted on: October 7th, 2008 and is filed under Market News.

It was a consolidation day for the markets, which were building base for the next move. They ended mixed amid extreme choppiness after Monday’s free fall. Oil, power and few auto stocks were on buyers’ radar while capital goods, technology, banking, realty, pharma and metal st…

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ONGC to join hands with Uranium Corp for exploration

Posted on: October 7th, 2008 and is filed under Stock News.

Lunej (Gujarat), Oct 6 With the Indo-US nuclear deal throwing open new vistas of nuclear power generation in the country, Oil and Natural Gas Corporation Ltd (ONGC) would shortly sign a memorandum of understanding (MoU) with State-owned Uranium Corporation of India for exploration and min…

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BNP Paribas’ 12-month Sensex target 9476

Posted on: October 6th, 2008 and is filed under Press Releases.

MUMBAI: The Reserve Bank on Monday slashed by 0.50 per cent the rate of mandatory deposits that banks need to keep with it to ease the tight liquidity position, a move that may induce banks to lower commercial lending rates. …

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D-Link (India) announces demerger

Posted on: October 6th, 2008 and is filed under Press Releases.

The Board of Directors of D-Link (India) Ltd. have approved the proposal of restructuring the business of the company by a ‘Scheme of Arrangement’ at its Board Meeting held on Sunday, 5th October, 2008. The Scheme provides for demerger of the business of sales and marketing of D-Link…

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18 Stocks that have hit their 52-week high

Posted on: October 5th, 2008 and is filed under Press Releases.

Here are the 18 stocks that have hit their 52-week high and are also frequentlytraded. 1.Apeego: The obscure Mumbai-based readymade garment manufacturer has risen 25.8%since late August 2008 till 26 September 2008 after scheduling a board meet to considerissue of bonus shares. It declare…

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Top 50 Stocks with the lowest P/E for the week ended Oct 3, 08

Posted on: October 4th, 2008 and is filed under Stock Research.

Following is the list of stocks having a P/E less than 3.5. For people who don’t know what P/E is about I recommend them to check it out here. But at the same time it should be remembere…

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Sun Pharma extends tender offer for Taro

Posted on: October 3rd, 2008 and is filed under Press Releases.

Sun Pharmaceutical Industries Ltd. (Reuters: SUN.BO, Bloomberg: SUNP IN, NSE: SUN PHARMA, BSE: 524715) today announced its subsidiary, Alkaloida Chemical Company Exclusive Group Ltd. (Alkaloida), has extended the Expiration Date of the Tender Offer for the purchase of all outstanding Ordi…

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