Adani Power initial public offering (IPO) witnessed huge investor interest and was subscribed 4.55 times on the second day of subscription. The issue received bids for 1,13,15,07,130 shares as against the issue size of 30,16,52,031 shares, as per the data available on the NSE website. Ti…

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Amit Dalal of Amit Nalin Securities is of the view that one can expect 20-30% appreciation in Balrampur Chini. Dalal told CNBC-TV18, “The real story in sugar delta is behind us, you will hereon have a normalized profit growth and definitely the fact that of shortage of sugar will h…

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Buy Nagarjuna Construction at 150-152, target: 160. Stoploss: 147 If markets show weakness later during the day, sell: ING Vysya bank. Stocks at resistance levels – Watch for positive breakout: Dr. Reddys Laborataries – Buy above 828, target: 850. Stoploss: 820 Sterlite In…

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ET: The much-awaited big-ticket IPO from the Adani group opened on Tuesday amid high expectations from the group that saw its earlier offering, the Mundra Port & SEZ (MPSEZ) issue, being oversubscribed a record 116 times in November 2007. Adani Power has completed allocation of shar…

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Technical Analyst, Rajat K Bose is of the view that Welspun Gujarat and Jindal Saw are looking pretty good. Bose told CNBC-TV18, “If you have a medium term perspective midcap stocks like Welspun and Jindal Saw both are looking pretty good. Pritish Nandy Communications is getting re…

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MUMBAI: The Nifty is within 3% of its highest point of the rally which began on the 9th of March. The debate is still on as to whether we have begun a secular bullish trend once again and whether whatever we have seen over the past four and a half months is evidence enough to support that…

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NEW DELHI: The RBI has kept the key rates unchanged and increased the inflation forecast to 5 per cent. The GDP is expected to grow at 6 percent and the money supply growth is seen at 18 per cent, according to the quarterly review of the economy, released on Tuesday. ( Watch ) The deposi…

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Buy Shree Renuka Sugars at 154, target: 160. Stoploss: 152. Stocks at resistance levels – Watch for positive breakout: BHEL – Buy above 2300 for a target of 2350. Stoploss: 2288 Sterlite Industries – Buy above 670, target: 695. Stoploss: 661 Mahanagar Telephone Niga…

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By Sanjeev Sinha: The financial meltdown hit the investors hard mostly because they were hardy prepared for such a crisis. Everything for them – from stock markets to mutual funds and from bank FDs to real estate — was going great till the crisis surfaced and caught them unawa…

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BS: From its October 2008 lows when the BSE Sensex touched 7,697 points, the markets have done a complete about turn. In the six months to March 2009, the markets were unable to sustain itself over the five figure mark.While the rise in global markets was the starting point,the run up to …

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