IIFL has downgraded its rating on UltraTech Cement from add to sell with a target price of Rs 526 in its May 25, 2009 research report. “We expect sharp erosion in cement realisation from 3QFY10 in the southern and western re…

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IIFL has reiterated its buy rating on ITC with a target price of Rs 222 in its May 25, 2009 research report. “ITC’s 4QFY09 net profit growth was in line with our expectation at 10% YoY, as lower other income (down 46% YoY) and a mar…

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BSE Sensex: (14296) we said ‘so far the trend is still intact up…volatility is not ruled out on the F&O expiry day’ the market has generated now an indecisive pattern on the last day of the F&O expiry but so far the trend is still intact up and I would watch the crucial su…

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Anu Jain, Vice President of IIFL Private Wealth Management is of the view that Corporation Bank is looking good. “I like basically Vijaya Bank which is has moved 10% today apart from that Bank of Baroda which is not yet made a big mo…

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Management is of the view that Bharti Airtel will get strong only after crossing the Rs 820-825 levels. At these prices looks far better than to buy any other stock in the telecom sector. “Bharti from the last couple of days the wa…

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Market regulator SEBI on Wednesday imposed a penalty of Rs 17.5 lakh on Delhi-based broker Suresh Bharrat for alleged irregularities in trading of scrip of firms like Essar Oil, Suzlon and Tata Consultancy S in the future and options market. However, SEBI said no quantifiable figures wer…

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PINC Research has recommended a buy rating on Housing Development and Infrastructure, (HDIL) with a price target of Rs 365 in its report dated May 25, 2009. “Housing Development & Infrastructure Ltd’s (HDIL) Q4FY09 results…

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Rahul Mohindar of Viratechindia said, “UCO Bank or Axis Bank can still climb up a good 8-15% even from the current levels.” “We have seen banks run-up in a very big fashion, whi…

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Rahul Mohindar of Viratechindia said, “One sector which looks promising is technology. A lot of midcap technologies stocks like Rolta or Polaris, are ready for something like 15% on an …

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Power projects by GMR in Orissa and R-Power in UP join the list.Despite the economic slowdown and cash crunch in the global markets, nine infrastructure projects worth over Rs 70,000 crore have achieved financial closure in the last three months. Domestic banks and financial institutions …

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