WORRIES GO UP IN SMOKE Once a tobacco-only company, ITC has diversified itself with successful products. And the tobacco business isn’t doing badly either For ITC, the country’s largest cigarette company, Budget 2010-11 has not brought any cheer. The tax on tobacco products has been raised: an excise duty hike of 18 per cent on [...]
Buy Indage Vintners with stop loss of Rs 33 for targets of Rs 44-Rs 48 Sell Reliance Capital around Rs 771.30-765.70, stop loss Rs 776, cover short at Rs 755.30-739.30 Buy MSK Project with stop loss of Rs 153 for targets of Rs 182-Rs 189 BUY Tata Motors Stop Loss 743 Target 798 BUY 3i [...]
Buy Godawari Power with stop loss of Rs 243 for targets of Rs 280-Rs 290 Sell Neyveli Lignite around Rs 149-147.40, stop loss Rs 149.95, cover short at Rs 144.90-140.90 Buy Mundra Port & SEZ around Rs 749.70-767.90, stop loss Rs 742.60, book profit at Rs 793.10-836.50 Buy JBF Industries with stop loss of Rs [...]
Buy Mind Tree with stop loss of Rs 590 for targets of Rs 640-Rs 660 Buy Polaris Software with stop loss of Rs 170 for targets of Rs 190-Rs 204 Buy Areva T&D around Rs 300.90-308, stop loss Rs 296.70, book profit at Rs 319.40-337.90 Sell Bajaj Hindustan around Rs 141.70-139.10, stop loss Rs 143.20, [...]
Vardhman Textiles BSE ID : 502986 NSE ID : MAHAVIRSPG CMP: Rs.234.90 Looking at the expected revival in the fortunes of the spinning sector, the company is likely to post an EPS of Rs 36 for FY10 which is likely to move to Rs 44 for FY11. Vardhman Textiles Vardhman Textiles is the largest spinning [...]
Buy Dr Reddy’s Labs around Rs 1300-1309, stop loss Rs 1295, book profit at Rs 1323-1346 Sell HPCL around Rs 314.20-309.90, stop loss Rs 315.80, cover short at Rs 304-293.90 Buy Cholamandalam DBS with stop loss of Rs 85 for targets of Rs 112- 122 Buy Natco Pharma with stop loss of Rs 134 for [...]
The stock of Fortis Healthcare got a boost in the last fortnight after the company signed a definitive agreement through one of its wholly-owned subsidiaries to acquire a 23.9 per cent stake in Parkways Holdings from TPG Capital (formerly Texas Pacific Group) in an off market deal. Parkway Holdings is one of Asia’s largest healthcare [...]
CMP – 594.15 The stock of Emami, the Kolkatabased FMCG company, was on a roll in the past week, touching a 52-week high on March 8,2010. Opening the day at Rs 586.80, the stock closed at Rs 621.30. Over the last fortnight, the stock has gained almost loper cent with a 60 per cent increase [...]
CMP – 1194.85 Sloane Robinson bought 3,23,000 shares of the oil rig company at an average price of Rs 1,279 on March 8, 2010. The stock has seen a reasonably good run since late February. The company is negotiating with State Bank of India and Punjab National Bank for a moratorium on its short- term [...]
Absence of long-term customer contracts, reliance on agencies for export orders and narrow product offerings make this issue unattractive Pradip Overseas Ltd (POL) is an Ahmedabad-based company tapping the equity market with the initial public offering (IPO) to garner around Rs 106-116 crore on the lower and upper price bands of Rs 100-110. POL is [...]
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