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What is Open Offer ?

Posted on: June 25th, 2009 and is filed under .

Open Offer: Perhaps the most above board of takeover bids, in which the bidder makes its intention known through an open advertisement, followed by letters of offer to shareholders, to buy the shares of the target company at a stated price, usually quite above the ruling market price. The…

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ABB wins Rs 220 cr order from Tata Power

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

ABB India, a power and automation technology group, has won orders worth Rs 220 crore from Tata Projects Limited to provide power products and solutions for a super-critical coal-fired power plant under construction in the southern Indian state of Andhra Pradesh. The Krishnapatnam thermal…

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Infrastructure shares are hot commodities for MFs in India

Posted on: June 24th, 2009 and is filed under Stock Views.

MUMBAI: Infrastructure shares are hot commodities for funds in India after the recent elections, and their attraction is only set to grow as the Mutual Funds Paperwork for MF investments! MF Investments When do you jump a mutual fund? new government lays out plans to improve the coun…

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Sensex could trade at 30,000 in 3-4 yrs: JP Morgan AM

Posted on: June 24th, 2009 and is filed under Market Outlook.

Edward Pulling of JP Morgan Asset Management said that if India trades at 15 times PE, the Sensex could trade at 30,000 in the next three to four years and said that he saw a Sensex EPS of Rs 2000 between March-September 2013. He added that the March 2009 Sensex EPS would be seen at Rs 85…

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Intraday tips for 25 June 2009

Posted on: June 24th, 2009 and is filed under free intraday tips.

Free intraday Best calls, hot stocks daily, best intraday tips, Free hot BTST stock calls for free, nse bse best stocks to do daytrading with, hottest nse bse stocks for intraday, Free intraday tips and calls daily visit: http://…

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Intraday calls for 24-06-09

Buy ONGC at 1030, target; 1055. Stoploss: 1020 Buy IFCI at 53.40, target: 55.40. Stoploss: 52.60 …

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Buy Tata Tea, target of Rs 859: KRChoksey

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

KRChoksey has maintained its buy rating on Tata Tea, with price target of Rs 859, in its report dated June 19, 2009. “More than 70% revenues and 80% of EBIT come from tea business, which is likely to face margin pressure in FY10 as tea prices are likely to remain firm on account of…

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Buy GIPCL, target of Rs 130: IIFL

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

IIFL has maintained its buy rating on Gujarat Industries Power Co. (GIPCL), with 12-month price target of Rs 130, in its report dated June 23, 2009. “GIPCL’s proposed 250MW expansion has been delayed, and now the management expects to commission unit-1 in 3QFY10ii as against 1QFY…

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Accumulate ABG Shipyard for target of Rs 230: Prabhudas Lilladher

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

MUMBAI: Prabhudas Lilladher has maintained Accumulate rating on ABG Shipyard after the company announced its quarterly results. The brokerage expects the stock to touch a target price of Rs 230 per share. ABG Shipyard’s topline for the quarter stood at Rs 3,368.6 million indicating a …

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Gurnani is Mahindra Satyam CEO; Kalra heads Tech Mah

Posted on: June 23rd, 2009 and is filed under Stock News.

C P Gurnani was today appointed CEO of Mahindra Satyam — the new brand identity of Satyam Computer Services — while Sanjay Kalra was made CEO of Tech Mahindra. Besides, S Durga Shankar was appointed as the Chief Financial Officer (CFO) of Mahindra Satyam while Vineet Nayyar takes over…

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