Friday, 30 March 2012
IVRCL stock jumps 8% on takeover
On the back of media mogul Subhash Chandra's Essel Group increasing its stake in Hyderabad-based infrastructure company IVRCL to over 10% through market operations, the company's stock jumped nearly 8% in Thursday's weak market to Rs 65 on BSE. The rise in stock price is being attributed to the group's stated intentions of increasing its...
Government plans to bailout power distribution companies
The government is examining the option of a financial bailout for power distribution companies, even as it yet again misses the planned target for cramping up generation capacity by over 8,000 MW as the 11th Five Year Plan draws to a close.
The government managed to raise generation capacity by 53,922 MW against a target of 62,000 MW. This...
Vodafone tax law unbelievable
The world's largest investment bank, on Thursday said it was "unbelievable" that India could introduce a tax law with retrospective effect.
Interacting with the who's who of India Inc at a luncheon meet in Mumbai, Blankfein said the Budget proposal to introduce a tax on offshore transactions - which would affect the Vodafone-Hutchison deal...
Tamilnadu Budget 2012-13 Highlights
Tamilnadu Budget 2012-13 Highlights:
10 lakh farmers to be brought under insurance scheme
100 crore to Equitable Development of State
1000 Crore for Thane Puyal affected Region
3000 new buses to be bought with Rs. 548 Crore
Annadanam Scheme in...
Stock Future Trading Tips for 30 March 2012
Stock Future Trading Tips for 30 March 2012
Scrip Trigger Price Stop Loss Target 1
ONGC BUY ABOVE 265 262 270
SELL BELOW 258 261 254...
Thursday, 15 March 2012
Passenger fares hiked in Railway Budget for 2012-13.
Union Railway Minister Dinesh Trivedi announced a modest hike in passenger fares in the Railway Budget for 2012-13. It is the first hike in passenger fares in eight years.
The minister hiked the fares for suburban and second-class passengers by 2 paise per kilometre, while fares for sleeper class were hiked by 5 paise per kilometre. Fares for mail express second class passengers are set to rise by 3 paise per kilometre.
Fares...
Stock Future Trading Tips for 16 March 2012
Stock Future Trading Tips for 16 March 2012
Scrip Trigger Price Stop Loss Target 1
ABAN BUY ABOVE 481 476 487
SELL BELOW 468 474 461...
Wednesday, 14 March 2012
Railway Budget 2012-13 in the Lok Sabha Highlights
Union Railway Minister Dinesh Trivedi presents his maiden Railway Budget 2012-13 in the Lok Sabha. He says:
Hike of 10 paise per km for third AC passengers.
Sleeper class passengers to pay 5 paise more per km.
First AC fare hiked by 20 paise per km.
2 paise per km hike for 2nd class suburban trains.
2AC passengers to pay 15 paise more...
Stock Future Trading Tips for 15 March 2012
Stock Future Trading Tips for 15 March 2012
Scrip Trigger Price Stop Loss Target 1
SBIN BUY ABOVE 2380 2359 2400
SELL BELOW 2335 2350 2318...
Tuesday, 13 March 2012
To sell 35 mn Wipro shares to fund education
Wipro Chairman Azim Premji's The Azim Premji Trust will sell 35 million shares of the company to fund educational activities of Azim Premji Foundation, which also runs a private university in Bangalore. The shares are valued at Rs 1,530 crore ($300 million).
In a regulatory notification, the trust said the amount raised through the sale...
Stock Future Trading Tips for 14 March 2012
Stock Future Trading Tips for 14 March 2012
Scrip Trigger Price Stop Loss Target 1
JPASSOCIAT BUY ABOVE 85 83 87
SELL BELOW 82 84 79...
Monday, 12 March 2012
MCX - Shining star
MCX IPO may be the lone shining star in the IPO market. The year 2012 has already seen call-off of 11 IPOs, says Jagannadham Thunuguntla, Strategist & Head of Research, SMC Global Securities Limited.
1. MCX had stellar listing today. The listing has generated hopes of revival of IPO market. Almost in all the metrics the MCX IPO has proved to be highly successful. It has brought much needed hope and smile to the Indian IPO...
Budget 2012 GDP growth seen at about 7%
India's economic growth is seen slowing to about 7% in the current fiscal year, but the government is confident of steering the economy back to a high growth trajectory of 8-9% soon, President Pratibha Devisingh Patil said on Monday.
"The long-term fundamentals of the Indian economy remain robust," Patil told lawmakers, adding the government...
Stock Future Trading Tips for 13 March 2012
Stock Future Trading Tips for 13 March 2012
Scrip Trigger Price Stop Loss Target 1
BHARTIARTL BUY ABOVE 343 340 347
SELL BELOW 338 341 334...
Sunday, 11 March 2012
Stock Future Trading Tips for 12 March 2012
Scrip Trigger Price Stop Loss Target 1
Sail BUY ABOVE 95 93 98
SELL BELOW 92 94 90...
Friday, 9 March 2012
Stock Future Trading Tips for 09 March 2012
Stock Future Trading Tips for 09 March 2012
Scrip Trigger Price Stop Loss Target 1
RELCAPITAL BUY ABOVE 423 418 429
SELL BELOW 412 416 406...
Thursday, 8 March 2012
MCX rises 38% to Rs 1425 on opening trade
A share of MCX, India's largest commodity exchange, shot up 38% on opening to trade at Rs 1425 as against issue price of 1032 on the BSE.
Equilibrium price for a share stands at Rs 1387, so accordingly the upper circuit limit of 20% is at Rs 1660.8 while lower circuit at Rs 1109.6.
It is the first big ticket IPO as well as first public...
MCX expected to list at 35-40% premium to the IPO price of Rs 1,032 apiece
Multi-Commodity Exchange, which received bids worth Rs 35,000 crore for its Rs 660-crore initial public offering (IPO), is set to debut on the domestic bourses on Friday. MCX, the first Indian exchange that will be listed on the bourses, is expected to list at a 35-40% premium to the IPO price of Rs 1,032 apiece, as per the rates in the unregulated...
Wednesday, 7 March 2012
Current bonds / NCD in India
Corporate bond is a bond issued by a corporation to raise money from capital market. Unlike equity shares, bond holders do not have any ownership interest in the company when they buy corporate bonds.
When one buys a corporate bond, one lends money to the "issuer," the company that issued the bond.
In exchange, the company promises to return the money, also known as "principal," on a specified maturity date. Until...
Olympic Cards Ltd IPO
Incorporated in 1961, Olympic Cards Ltd is the Manufacturer and Supplier of Invitation cards for all occasions. They are one of the leading manufacturers of paper / board based products, with a presence mainly in southern India. Company is presently in the business of manufacturing and trading Wedding Cards, Greeting Cards, Envelopes, Letter...
Top Energy & Natural Resource ETFs as of January 2012
Top Energy & Natural Resource ETFs as of 1/31/12
Fund NameGet InfoOverall RatingRisk Grade
United States Gasoline Fund LPUGABB-
PowerShares Dynamic EnergyPXIB-B-
UBS E-TRACS 2x Levd Lng Alerian MLPMLPLC+C
Alps Alerian MLP ETFAMLPC+B+
United States Brent Oil FundBNOC+B-
Market Vectors Coal ETFKOLC+C+
SPDR S&P Oil & Gas Equip & ServXESCC+
United States Heating Oil FundUHNCB-
PowerShares Dynamic Enrg Exp & ProdPXECB-
iShares...
Top Global ETFs as of Jaanuary 2012
Top Global ETFs as of 1/31/12
Fund NameGet InfoOverall RatingRisk Grade
First Trust DJ Glb Sel Div Idx FdFGDBB
iShares 10+ Year Govt/Credit BdGLJBB+
iShares S&P Global Cons DiscRXIC+B-
SPDR SP Intl Con Stap Sect ETFIPSC+B
iShares S&P Gl Cons Staples Sect IdKXIC+B
SPDR SP Intl Con Disc Sect ETFIPDC+B
Market Vectors Gaming ETFBJKC+C+
Guggenheim Frontier Markets ETFFRNC+B-
iShares 10+ Year Credit BondCLYC+B+
Guggenheim Timber...
Top Domestic Growth ETFs as of 1/31/12
Top Domestic Growth ETFs as of 1/31/12
Fund NameGet InfoOverall RatingRisk Grade
Direxion Daily Retail Bull 3XRETLA+B
ProShares Ultra QQQQLDB+C+
Rydex S&P 500 Eq Wght Con Disc ETFRCDB+B-
Rydex S&P Small Cap 600 Pure ValueRZVB+B-
PowerShares S&P SC Health CarePSCHB+B
ProShares Ultra TechnologyROMB+C+
WisdomTree SmallCap Earnings FundEESB+B-
Rydex S&P Mid Cap 400 Pure ValueRFVBB-
Rydex S&P Mid Cap 400 Pure GrowthRFGBB-
Consumer...
10 Best Utility ETFs for 2012
Top Utility ETFs as of 1/31/12
Fund Name Get Info Overall Rating Risk Grade
ProShares Ultra Utilities ...
Tuesday, 6 March 2012
Stock Future Trading Tips for 07 March 2012
Stock Future Trading Tips for 07 March 2012
Scrip Trigger Price Stop Loss Target 1
ONGC BUY ABOVE 284 282 287
SELL BELOW 282 284 279...
Income Tax Slabs for General , Women ,Senior Citizen ,Very Senior Citizen
General
Income tax slab (in Rs.) Tax 0 to 1,80,000 No Tax 1,80,001 to 5,00,000 10% 5,00,001 to 8,00,000 ...
COMMERCIAL,RESIDENTIAL Rate in Chennai
RESIDENTIAL
Chennai Capital Values Rate/Sq ft (INR) Updated on
Anna Nagar 6200 - 9850 Jan 2012
Ashok Nagar 5500 - 8500 Jan 2012
Boat Club 15000 - 22000 ...
Alfa Laval approves delisting price at Rs 4000 per share
The parent of Alfa Laval has approved the delisting at Rs 4000 per share.
This is at a 5% premium to the Saturday's closing price. The company had given an indicative offer price of Rs 2,850 per share. So, this is at a 40% premium to the offer price.
This is also likely to surprise the street as maximum bids had come in at Rs 3,000 per share. However, at the current delisting price the company will have to shell out around Rs...
Budget Expectations: Reduce tax rates
1.Reduce Tax rates.
2. More in-hand savings
3. Better roads.
More employment and investment opportunities are some of the wishes an "Aam Aadmi" expects from the FM -- Pranabda. The Budget- the most important economic event of our country, affects each of the 120 billion people in one way or the other and we are going to witness...
Cong's UP miss miffs mkt ,SP set to reach majority Sensex ends 190 pts down
SP has emerged as the top party in the 2012 Uttar Pradesh Assembly Elections winning 96 seats and leading in 125 other seats, taking the total number to 221, at 3:50 pm. Meanwhile, Mayawati's Bahujan Samaj Party won 32 seats and was leading in 51 other seats. BJP and Congress won 15 seats each and were leading in 45 and 40 other seats, respectively.
Congress also lost elections in Goa (won by BJP), Punjab (won by Shiromani Akali...
Monday, 5 March 2012
UOB 4Q Net Falls 21%
nited Overseas Bank (UOB) Thursday reported a 21 percent drop in its fourth quarter net profit mainly due to the absence of one-time gains, but stressed that its core business remains strong given a positive outlook in Asia.
Singapore’s third-largest bank by assets posted a net profit of $558 million for the three months ended 31 December,...
City Developments 4Q Net Profit Falls 32% On Lower Rental Income
Property developer City Developments on Wednesday reported a 32.3 percent drop in its fourth-quarter net profit mainly due to lower rental income, and flagged a challenging outlook for 2012 amid global economic uncertainties.The group remains optimistic that “resilient” demand will support its key Singapore residential market, as well as...
Future Buybacks company List
1. Currently, there are about 16 buybacks ongoing in the market.
2. The idea of this report is to review the status of these buybacks and try to make an assessment about how much of the buybacks are actually being done.
3. Out of the 16 buybacks which are ongoing as of now, there are only 5 buybacks in which actual bought back amount is atleast 50% of the aggregate announced buyback size.
4. In the case of remaining 11 buybacks,...
Stock Future Trading Tips for 05 March 2012
Stock Future Trading Tips for 05 March 2012
Scrip Trigger Price Stop Loss Target 1
BHARATIARTL BUY ABOVE 356 351 360
SELL BELOW 351 356 345...
Saturday, 3 March 2012
BHEL opposed to buyback but open to FPO/auction
the cabinet allowed cash-rich state companies to buy back shares and participate in the government's divestment program. But, the government's buyback process may not be suited for BHEL .
Government sources say, the company is opposed to a share buyback, but is open to 5% follow on public offer (FPO) or auction.Further, the share sale can happen only when the stock markets recover....
RIL buys 3.73% stake to EIH
EIH has touched a 52-week high of Rs 103. It has touched an intraday high of Rs 103.00 and an intraday low of Rs 90.75. The share closed at Rs 98.10, up Rs 8.40, or 9.36%.
Reliance Industries increased its stake in hospitality firm EIH to 18.53% by picking additional 2.13 crore shares worth Rs 192 crore through an open market transaction....
IRFC tax free bonds list on the stock exchanges
The tax-free bonds of the Indian Railway Finance Corporation (IRFC), the financing arm of Indian Railways, made their debut today on the National Stock Exchange and Bombay Stock Exchange at a premium.
RFC in January 2012 issued tax free, secured, redeemable, non-convertible bonds of face value of Rs 1,000 each in the nature of debentures,...
Monthly FII Investments on 2011
MONTH ENDED NET INV.
(Rs m) MONTH END Rs / US$ NET INV.
(US $ m) MONTH END INDEX CURRENT VALUE
(Rs m) CUMM. INV.
(Rs m) CUMM. VALUE
(Rs m) % GAIN
(Rs m) % GAIN
(US$ m)
Jan - 2011 (63,302)...
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