State-run Bharat Heavy Electricals today said it has bagged a Rs 4,015-crore from Hindalco Industries for supplying boilers, turbines and generators at its 900mw captive power plant in Orissa. “BHEL has secured a Rs 4,015 crore order from Hindalco Industries for the supply and erect…

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Electricity has grown by 7.1%, while Manufacturing rises by 0.7% and Mining output increases by 3.8% After three straight months of decline, the health of the Indian industry appears to be slowly but surely improving, as the impact of the series of rate cuts by the Reserve Bank of India …

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Buy Chambal Fertilizers at 71.80, target: 74. Stoploss: 70.50 Buy Bharat Petroleum Corporation (BPCL) at 426, target: 440. Stoploss: 419 …

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BSE Sensex: (15411) the market has traded sideways with no sign of any direction…technically the trend is still intact Up but the market is also against a strong zone of resistance…looks like more of a sideways movement with profit booking coming in… The support for the Sensex is 1…

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Karvy Stock Broking has recommended an outperformer rating on Dr Reddy’s Labs with a price target of Rs 925 in its report dated June 11, 2009. “Dr Reddys Lab has received the USFDA approval for Omeprazole OTC. Shipment of this product will commence in Q2 FY2010. This is a USD…

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Angel Broking has recommended an accumulate rating on IVRCL Infrastructure with a price target of Rs 399 in its report dated June 10, 2009. “We have used SOTP methodology to value the company owing to its diversified portfolio. Our SOTP-based target price for IVRCL works out to Rs …

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Motilal Oswal has maintained its buy rating on Jaiprakash Associates with a price target of Rs 227 in its June 10, 2009 research report. “We expect JPA to report standalone PAT of Rs 9.9 billion in FY10E (up 16% YoY) and Rs 9 billion in FY11E (down 9% YoY). Using SOTP, we arrive at…

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Sharekhan has recommended a hold rating on Housing Development Finance Corporation (HDFC) with a price target of Rs 2517 in its June 10, 2009 report. “HDFC has received an in-principle nod from its Board of Directors for a combined offering of secured redeemable non-convertible deb…

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At 14:59pm (IST), Shares of PSL have gained by 1.4% to Rs132. Shares of PSL have gained by 1.4% to Rs132 after reports stated that the company plans to raise Rs3bn through preferential private placement. The scrip has touched an intra-day high of Rs94 and a low of Rs88 and has recorded …

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The telecommunication sector has turned out to be the major gainer today even as the market traded in red for the first half of the trading day.Spice Communications and Tulip Telecom have soared 14% each to Rs 79.65 and Rs 795, respectively. Idea Cellular has surged 8% to Rs 90. Tata Com…

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