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Analysis: Obama offers split verdict on economy

Posted on: June 21st 2009 in Press Releases.

WASHINGTON: It’s a difficult balancing act for President Barack Obama and his economic policymakers. Where some economists see “green shoots” of a recovery others see only yellow weeds of continuing recession. It’s hard to know for sure whether things are getting …

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India Inc eyes over Rs 1,00,000 cr through share sale

Posted on: June 14th 2009 in Press Releases.

NEW DELHI: The stock market recovery may have reached only its half-way mark, but companies’ confidence level for raising funds through sale of shares seems to have already hit a new peak as they have lined up plans to mop up capital in excess of Rs 1,00,000 crore. This include an…

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Monthly income plans shower dividends on investors

Posted on: June 11th 2009 in Press Releases.

MUMBAI: Investors with monthly income plans have something to cheer. Before the rain starts pouring in, it is time for the mutual funds. Monthly income plans, that manage money with an objective to generate regular income flows for investors, have come out with a spate of dividend announc…

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Buy Indus Ind Bank with stoploss of Rs 73.30: Angel

Posted on: June 11th 2009 in Brokerage Recommendations.

MUMBAI: Angel Broking has advised traders to buy Indus Ind Bank with stoploss of Rs 73.30. “Indus Ind Bank has given a trend line breakout with rising volumes. Further, it has given a positive crossover on RSI and Stochastic oscillators. Traders can buy this stock above Rs 79 levels w…

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Stocks fall after initial upmove; realty down

Posted on: June 11th 2009 in Market News.

MUMBAI: Stocks lost steam on Thursday after a brief positive start as investors chose to book profits in recent gainers. Realty and technology stocks took a hit while healthcare and auto stocks edged higher. After opening on a firm footing, Bombay Stock Exchange’s Sensex lost 73 point…

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Hold Aditya Birla; target of Rs 968: Sharekhan

Posted on: June 10th 2009 in Brokerage Recommendations.

Sharekhan has downgraded its rating on Aditya Birla Nuvo to hold with a price target of Rs 968 in its report dated June 9, 2009. “Aditya Birla Nuvo Ltd’s (ABN) board of directors has decided to issue 1.85 crore warrants worth Rs …

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Fame India a marketperformer: Karvy

Posted on: June 10th 2009 in Brokerage Recommendations.

Karvy Stock Broking has maintained its marketperformer rating on Fame India with a price target of Rs 26 in its June 10, 2009 research report. “Net sales of the company grew by 33% YoY (lower than our expectations of 41% YoY) and sto…

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RIL allots 21,173 shares to employees under ESOS

Posted on: June 10th 2009 in Stock News.

Diversified business conglomerate Reliance Industries (RIL) today said it has allotted 21,173 equity shares to its employees under the Employees Stock Option Scheme (ESOS). The company has allotted 21,173 shares of Rs 10 each to its employees on June 1, RIL said in a filing to the Bom…

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Infosys wins extended order from Telstra

Posted on: June 9th 2009 in Stock News.

The estimated base spend of the combined AD&M agreements is $450m over five years. IBM remains a strategic partner in this domain. Telstra announced a range of major vendor agreements as part of its IT transformation plans to increase efficiency and streamline IT operations. The IT…

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Hold Bank of India, target of Rs 360: KRChoksey

Posted on: June 8th 2009 in Stock Views.

KRChoksey has maintained its hold rating on Bank of India, with price target of Rs 360, in its research report. “Bank of India’s Q4FY09 results were broadly in line with expectations with Net Profits decreasing 7% q-o-q to Rs 757.1 crores. At current price of Rs 344 the stock is …

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