Commercial vehicle maker Ashok Leyland today reported a 70.47 per cent decline in its net profit at Rs 53.32 crore for the quarter ended March 31, 2009, compared with Rs 180.57 crore in the same period a year ago. The total income in the fourth quarter also fell by 52.15 per cent t…
Ashok Leyland Q4 net down 70% at Rs 53 cr
Posted on: May 15th, 2009 and is filed under Brokerage Recommendations.
Buy Educomp Solutions, target of Rs 3570: ULJK Securities
Posted on: May 15th, 2009 and is filed under Brokerage Recommendations.
ULJK Securities has maintained its buy rating on Educomp Solutions with a target prtice of Rs 3570 in its May 08, 2009 research report. “Educomp Solutions reported 89.5% jump in Income from Operations to Rs 496.7 crore from Rs 262.1 crore. The EBIDTA was up by 114.9% to Rs 267.9 c…
Accumulate Yes Bank: Prabhudas Lilladher
Posted on: May 15th, 2009 and is filed under Brokerage Recommendations.
Prabhudas Lilladher has maintained its accumulate rating on Yes Bank in its May 14, 2009 research report. “Yes Bank is targeting business growth higher than the industry average. For FY09, the total re-structured advances stood at Rs 293.9 million, while advances still pending for …
Tata Chemicals a market performer: Karvy
Posted on: May 15th, 2009 and is filed under Brokerage Recommendations.
Karvy Stock Broking has downgraded its rating on Tata Chemicals from outperformer to marketperformer with a target price of Rs 194 in its May 15, 2009 research report. “We expect net sales of Tata Chemicals (consolidated) for Q4FY09 to decrease by 25% (QoQ) and increase by 80% (Yo…
Resistance support levels NSE BSE
Posted on: May 15th, 2009 and is filed under Stock News.
Stock resistance and support levels, stock prices, pivot ponint daytrading technical analysis stock support and resistance stock charts nse bse tecnicals sensex support dalal street support and resistance levels available now at nseguide.com …
Royalty burden weighs on ONGC
Posted on: May 15th, 2009 and is filed under Stock News.
The stock finally ended down 2.5% at Rs 813. The counter witnessed heavy trading volumes of 1.16 million as against the two-week daily traded average of 361,623. ONGC has shed 3% on royalty payment burden the company may face for offloading stake in Rajasthan block.The stock opened at Rs…
Great Offshore slips 4% on ONGC deal cancellation
Posted on: May 15th, 2009 and is filed under Stock News.
The stock touched a high of Rs 277, up over 5% from the day’s low. It finally ended at Rs 266, down over 4%. The counter witnessed trades of 414,659 shares on the BSE today.Great Offshore has shed 3.5% following news of ONGC cancelling a rig deal with the shipping major. The stock …
How votes will be counted on Saturday
Posted on: May 15th, 2009 and is filed under Press Releases.
New Delhi: All eyes are on Saturday’s vote count. A glance at the arrangements the Election Commission has made for the mammoth exercise across the country: * Total counting centres: 1,080 * Total counting halls: 4,260 * Counting staff deployed: approximately 60,000 * Secure arr…
Cash-strapped companies get a lifeline from market
Posted on: May 15th, 2009 and is filed under Market Outlook.
MUMBAI: The upswing in the stock market since early March has provided a lifeline to promoters of cash-starved companies, helping them raise the much-neede funds. So far, it has been the frontline companies that have benefited from the improved sentiment on bourses. Merchant banking circ…
Emkay positive on ACC, Ambuja, Ultratech & India Cement
Posted on: May 15th, 2009 and is filed under Brokerage Recommendations.
Emkay Global Financial Services maintains its positive view on ACC, Ambuja, Ultratech and India Cement. With monsoon just around the corner and new cement capacities expected to bunch up in H2FY2010, investors have been rather vary of trend in cement price this monsoon. Cement dispatches …
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