The Nifty fell below 5,080 and closed at 5,066 on lack of buying support. The Nifty December futures continued to trade at a premium and shed 233,300 shares in open interest, indicating that bear operators are using the current sideways movement to cover short positions. Bloomberg data s…
Sell TVS Motor, target of Rs 16: PINC Research
Posted on: April 7th 2009 in Brokerage Recommendations.
PINC Research has maintained its sell rating on TVS Motor Company with a target price of Rs 16 in its April 02, 2009 research report. “TVS Motor Company sales volumes for the month were better than our expectations due to strong performance by scooty and mopeds segment. …
Sharekhan sees 30% upside in Lupin
Posted on: April 6th 2009 in Brokerage Recommendations.
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. …
Gloomy IPO mkt wipes out 70 pc of merchant bankers’ fee
Posted on: March 30th 2009 in Press Releases.
NEW DELHI: Merchant bankers have been hit hard by the fall in activities in the Initial Public Offering market, coupled with the downslide in the domestic bourses in 2008, with their fees plunging 70 per cent in a year. …
Market Review for 31st March 2009
Posted on: March 30th 2009 in Market Outlook.
BSE Sensex: (9568) we said that ‘I would be cautious’ and the market tanked… the market was technically over stretched and so a reaction was due and it came in…technically the market has given a sell signal and now if the market breaches 9520 then we should see a level of 9332. …
FIIs net sellers of Rs 452cr in cash mkt today
Posted on: March 30th 2009 in Market News.
Foreign institutional investors (FIIs) were net sellers of Rs 452.32 crore (provisional) today, according to data released by BSE.While FIIs made gross purchases of Rs 1,422.45 crore, gross sales totalled Rs 1,874.77 crore. …
Buy SAIL (April) at Rs 101: Emkay Global
Posted on: March 30th 2009 in Brokerage Recommendations.
Emkay Global Financial Services has recommended to buy Steel Authority of India, SAIL (April) at Rs 101 with a price target of Rs 122.50 and a stoploss of Rs 87.60 in its March 30, 2009 research report. …
Buy Aban Offshore, target of Rs 484: Hem Securities
Posted on: March 30th 2009 in Brokerage Recommendations.
Hem Securities has recommended a buy rating on Aban Offshore with a price target of Rs 484 in its March 28, 2009 research report. “Aban Offshore Ltd., has two business segments: Offshore Oil Drilling and Production services, and Wind Power generation. …
Reduce Yes Bank, target of Rs 42: IIFL
Posted on: March 30th 2009 in Brokerage Recommendations.
IIFL has recommended a reduce rating on Yes Bank with a price target of Rs 42 in its March 30, 2009 researcg report. “Yes Bank’s low capital base, low share of CASA deposits and relatively risky loan profile leave little room, if any, to absorb future risks. …
Buy Lupin, target of Rs 840: Sharekhan
Posted on: March 30th 2009 in Brokerage Recommendations.
Sharekhan has maintained its buy rating on Lupin with a price target of Rs 840 in its March 27, 2009 research report. “Lupin has acquired a majority stake in Multicare Pharmaceuticals Philippines, Inc (MC) in the Philippines. MC reported revenues of Php 272 million peso (USD 5.6 mil…
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