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Quotes with Resistance & Support

Market Information

Reduce M&M, target of Rs 689: Reliance Money

Posted on: June 16th 2009 in Brokerage Recommendations.

Reliance Money has recommended a reduce rating on Mahindra & Mahindra, with price target of Rs 689, in its report dated June 16, 2009. “M&M plans to launch 2 new products in auto segment. Newly launched Xylo has already received good response and new SUV launch is also as…

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Buy Orchid Chemicals, target of Rs 176: Reliance Money

Posted on: June 13th 2009 in Brokerage Recommendations.

Reliance Money has recommended a buy rating on Orchid Chemicals and Pharmaceuticals with a target price of Rs 176 in its June 12, 2009 research report. “Orchid Chemicals & Pharmaceuticals (Orchid) is an integrated pharmaceutical company with core competencies in the cephalospo…

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Buy Glodyne Technoserve, target of Rs 575: Reliance Money

Posted on: June 8th 2009 in Brokerage Recommendations.

Reliance Money has recommended a buy rating on Glodyne Technoserve, with price target of Rs 575, in its report dated June 8, 2009. “Glodyne Technoserve continues to leap forward with impressive financial performance. We expect consolidated revenues to grow at a CAGR of 31% over FY0…

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Nifty has resistance at 4370: Reliance Money

Posted on: May 28th 2009 in Market Outlook.

According to Reliance Money’s Morning Notes, as for today’s trade, we may observe lack lustrous action after hectic action in past four trading session. Support for the day exists far lower around levels of 4315-4320 range any move below this range may see indices slipping lower t…

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Hold TVS Motor, target of Rs 25: Reliance Money

Posted on: April 8th 2009 in Brokerage Recommendations.

Reliance Money has recommended a hold rating on TVS Motor with a target price of Rs 25 in its April 8, 2009 research report. “We estimate TVS to report EPS of Rs 3.1 in FY10E on the back of improved margins and improved sales volumes. …

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Hold Hero Honda, target of Rs 1106: Reliance Money

Posted on: April 8th 2009 in Brokerage Recommendations.

Reliance Money has recommended a hold rating on Hero Honda Motors with a target price of Rs 1106 in its April 8, 2009 research report. “We estimate Hero Honda Motors Ltd’s earnings to grow by 27% and 19% for FY09E and FY10E respectively. …

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Hold Bajaj Auto: Reliance Money

Posted on: April 8th 2009 in Brokerage Recommendations.

Reliance Money has recommended a hold rating on Bajaj Auto in its April 8, 2009 research report. “BAL is estimated to report decline in earnings by 4% to Rs 49.8. But due to expected demand growth in two wheeler industry, we estimate BAL’s EPS to grow by 17% in FY10E to Rs 58….

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Buy Dishman Pharma, target of Rs 185: Reliance Money

Posted on: April 7th 2009 in Brokerage Recommendations.

Reliance Money has maintained its buy rating on Dishman Pharmaceuticals & Chemicals with a target price of Rs 185 in its April 6, 2009 research report. “Dishman Pharmaceuticals & Chemicals Ltd (Dishman), is setting up a Rs 350 million US FDA and MHRA approvable drug formul…

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Buy Great Offshore, target of Rs 376: Reliance Money

Posted on: April 1st 2009 in Brokerage Recommendations.

Reliance Money has maintained its buy rating on Great Offshore with a target price of Rs 376 in its April 1, 2009 research report. “Great Offshore Limited has bagged a 3 year charter commencing end April 2009 with ONGC for three of its vessels (1 PSV and 2 AHTSVs) for operating in …

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