PINC Research has recommended a sell rating on National Aluminium Company (Nalco) with a target price of Rs 150 in its April 6, 2009 research report. “Aluminium prices have plummeted 60-65% from a high of USD 3,400/mt. …

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Hem Securities has recommended a buy rating on ESS DEE Aluminium with a price target of Rs 205 in its April 4, 2009 research report. “Ess Dee Aluminium Limited has recently acquired India Foils Limited, a Vedanta Group, is planning to reopen the India Foils’ Hoera plant. …

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Karvy Stock Broking has maintained its buy rating on Andhra Bank with a price target of Rs 74 in its april 6, 2009 research report. “We revise Andhra Bank’s FY10 estimates mainly to factor in higher NPAs and restructured loans and much higher credit costs. …

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Investors seem to have taken a sudden liking to shares of small-ticket finance and leasing companies, thanks to widening spreads between lower borrowing costs and higher lending rates. …

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This week would be a truncated one as the markets would be shut again on Friday due to Good Friday. Indian financial markets would be shut on Tuesday, April 7 on account of Mahavir Jayanti. Mahavir Jayanti marks the birth of Mahavira (Indian sage Vardhamana) who established the central te…

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MUMBAI: Sharekhan has maintained a Buy recommendation on pharmaceutical major Lupin. It has set a target price of Rs 840 on the stock, which is an upside of 30 per cent from current market price of Rs 646. …

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At 15:25pm (IST), Shares of Essar Oil have shot up by over 53% to Rs123. Shares of Essar Oil have shot up by over 53% to Rs123. The scrip has touched an intra-day high of Rs124 and a low of Rs77 and has recorded volumes of over 20mn shares on NSE. …

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IVRCL Infrastructure & Projects Limited (IVRCL) announces that the roads, power and water divisions of the company have bagged orders of the value of Rs3.59bn which are as follows: i) ‘Construction of Vivekanada Road Flyover on Turnkey Contract Basis’ in Kolkatta, awar…

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The Central Bureau of Investigation (CBI), probing the Satyam fraud case, arrested the IT firm’s Vice-President (Finance) G Ramakrishna and two other employees on last night.According to CBI Deputy Director General V V Lakshmi Narayana, the arrested employees were involved in prepar…

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JSW Steel Ltd has cancelled 14.74% of its outstanding zero coupon foreign Currency Convertible Bonds (FCCBs) of US$1,00,000 each due 2012, aggregating to US$47.80mn, repurchased in accordance with the A.P. (DIR Series) Circular No. 39 dated December 08, 2008 issued by the Reserve Bank of …

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