Stock prices of companies which announced open offer have seen sharp appreciation in the recent past. A study of around 30 companies that announced open offer so far this year, reveal that share prices of over 90% of the companies rose significantly between the announcement date of the op…
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Expect Nifty to take support at 4220: Networth
Posted on: June 18th 2009 in Market Outlook.
MUMBAI: Networth expects the markets open lower and Nifty take support at 4220. It sees selling to emerge in oil & gas and commodities. “Markets are expected to open down on the back of global cues; SGX Nifty is trading 25 point up at 4365. The entire OI in the markets decreased t…
Accumulate Reliance Industries: Prabhudas Lilladher
Posted on: June 16th 2009 in Brokerage Recommendations.
Prabhudas Lilladher has maintained its accumulate rating on Reliance Industries in its June 15, 2009 research report. “The Bombay High court has finally ruled the gas pricing decision in favour of Reliance Natural Resources (RNRL) which entitles the company to procure gas from Reli…
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