Dow-jones and Nasdaq are up 30 and 10 points. Market likely to remain flat today. The support for the Sensex(14874) is 14700 and the resistance to the up move is at 15150-15580 . Nifty: (4525) the support for the Nifty is at 4450-4480 and the resistance to the up move is at 4580-4789 …

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Angel Broking has maintained its buy rating on Ipca Laboratories with a target price of Rs 684 in its May 29, 2009 research report. “Ipca, a vertically integrated company with a geographically diversified business model, has grown at a steady pace in the past posting a CAGR of 17.3% in…

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MUMBAI: Actively-managed diversified stock funds in India posted their best monthly gain in 17 years with a majority beating the benchmark index in May, lifted by a sharper rally in their mid-cap and small-cap bets. Large exposure to basic engineering and financials, among their top-3 pr…

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NEW DELHI: Oil exploration major Oil India Ltd (OIL) is likely to launch an initial public offering (IPO) in September, Petroleum Secretary R.S. Pandey said here Tuesday. He, however, ruled out disinvestment in other state-owned oil giants Indian Oil Corp (IOC) and Oil and Natural Gas Co…

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Sharekhan has recommended a buy rating on Sun Pharma, with price target of Rs 1295, in its report dated June 01, 2009. “Sun Pharmaceutical Industries (Sun Pharma)’ Q4FY2009 performance was above our expectations. The revenues for the quarter declined by 9.8% to Rs 1,134.4 crore d…

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IIFL has maintained its reduce rating on IVRCL Infrastructure and Project with a price target of Rs 320 in its report dating June 2, 2009. “IVRCL Infrastructure and Projects revenues grew 23% YoY in 4Q, line with our estimate, while EBITDA margin contracted 177bps YoY to 8.7%—a s…

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Motilal Oswal has maintained its buy rating on Mahindra & Mahindra with a target price of Rs 756 in its May 29, 2009 research report. “M&M’s operational performance for 4QFY09 was significantly better than we had expected, driven by merger of PTL and cost savings, with …

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Motilal Oswal has maintained its buy rating on Reliance Communications with a target price of Rs 350 in its May 30, 2009 research report. “RCOM is seeking shareholders’ approval to raise funds through equity/equity-linked instruments which could result in potential equity dilutio…

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Motilal Oswal has maintained its buy rating on Nagarjuna Construction Company with a target price of Rs 151 in its May 29, 2009 research report. “Nagarjuna Construction’s revenues for 4QFY09 stood at Rs 11 billion (-12.4%YoY, vs estimate of Rs 14.3 billion) and net profit of …

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Buy Alstom Projects at 480, target: 500. Stoploss: 472. Buy Satyam above 58, target: 61. Stoploss: 57 (Above 58 buy for short term target of 65) Buy Time Technoplast above 44 fo…

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