Angel Broking has downgraded its rating on Fame India from neutral to reduce with a target price of Rs 17 in its June 06, 2009 research report. “For 4QFY2009, Fame reported a robust Top-line growth of 33% yoy to Rs 23.2 crore (Rs 17.4 crore) on a standalone basis. Fame declared a B…

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Karvy Stock Broking has rated Nitin Fire Protection Industries as an outperformer with a price target of Rs 373 in its June 8, 2009 research report. “Nitin Fire Protection Industries (NFPIL) operates in two broad business segments: 1) fire protection, safety and security and 2) hig…

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Motilal Oswal has upgraded its rating on Sesa Goa to buy with a target price of Rs 202 in its June 5, 2009 report. “The stock has been re-rated significantly due to its strong balance sheet, low mining cost, and strong volume growth. However, it still trades at significant discount…

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Motilal Oswal has recommended a buy rating on Bank of Baroda in its report June 04, 2009. “We expect Bank Of Baroda to report EPS of Rs 61 in FY10 and Rs 69 in FY11, an FY09-11 CAGR of 7%. Book Value would be Rs 365 in FY10 and Rs 418 in FY11. The stock trades at 1.1x FY10 BV and …

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Sensex surged 461 points or 3.1% to end at 15,127 Nifty gained 121 points or 2.7% to shut shop at 4,551. After taking a pause on Monday, bulls were back with vengeance as the Indian markets ended above the 15,100 levels reversing the previous day’s losses. The advance decline ratio wa…

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Satyam has hit the 10% upper limit after the company announced its earnings today. The stock is locked at Rs 66.85. The counter has seen trades of around 11.72 million shares so far on the BSE, with pening buy orders for nearly 1.50 million shares. According to a release issued by Satyam…

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The estimated base spend of the combined AD&M agreements is $450m over five years. IBM remains a strategic partner in this domain. Telstra announced a range of major vendor agreements as part of its IT transformation plans to increase efficiency and streamline IT operations. The IT…

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MUMBAI – Reliance Money expects the Nifty to take intra-day support at 4370-4380 levels. If these levels are breached then the index may slip further to 4340 levels. Indices witnessed extremely sharp sell-off on very first session of the week. Market breadth turned negative with FII &…

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Markets likely to open weak. If markets show recovery later during the day, buy: Sun Pharma Advanced Research Company (SPARC) and Reliance Power. …

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Technical Analyst, Mitesh Thacker is of the view that Alok Industries has target of Rs 30-34. Thacker told CNBC-TV18, “On Alok, the two price targets that we are working with are around Rs 30-34. We saw all these stocks hit their weekly supply areas. In fact along with the index w…

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