Emkay Global Financial Services has downgraded its rating on Sesa Goa from hold to reduce with a target price of Rs 61 in its February 3, 2009 research report.
Source:- moneycontrol.com
Reduce Sesa Goa, target of Rs 61
February 6, 2009Mkt may see upto $3 bn insurance inflow at the end of the March:ICICI
February 4, 2009Powered by: www.cafestocks.com
USD 2-3 billion of more money flowing from insurance companies during February-March. Companies that focus on domestic demand should fare better.
Maruti sees good Q4 backed by lower input costs
January 30, 2009Powered by: www.cafestocks.com
Maruti Suzuki net profit in Q3 was down 54.4% at Rs 213.57 crore from Rs 467.04 crore, YoY. The company’s standalone net sales declined by 2.8% at Rs 4625.81 crore from Rs 4759.43 crore, YoY. Its OPM was at 6.4% versus 14.68%
Reliance Power can test Rs 115-118
January 29, 2009Powered by: www.cafestocks.com
Reliance Power was doing narrow range and then it broke out. It could take it right upto Rs 115-118. A good trade right now is NTPC, a strong stock, opens down Rs 4-5 and from here if you can get in and probably the stock recovers by the end of the day and you make some money.
Sesa Goa to maintain 25-30% volume growth outlook in FY09
January 28, 2009Powered by: www.cafestocks.com
Sesa Goa has declared its third quarter results. The company’s Q3 net
profit down 7.3% at Rs 470 crore versus Rs 505.6 crore. Its net sales
were up 14.9% at Rs 1,374 crore versus Rs 1,218 crore.
Blockbuster results fail to cheer Dr Reddy’s Labs
January 22, 2009Powered by: www.cafestocks.com
The company announced the results after trading hours on Tuesday, 20 January 2009.
Meanwhile, the BSE Sensex was down 143.80 points, or 1.58%, to 8,956.75.
On BSE, 2,065 shares were traded in the counter. The stock had an average daily volume of 64,075 shares in the past one quarter.
The stock hit a high of Rs 467 and a low of Rs 448 so far during day. The stock hit a 52-week high of Rs 739 on 16 June 2008 and a 52-week low of Rs 387.05 on 18 November 2008.
Sensex below 9K on weak global cues
January 21, 2009Powered by: www.cafestocks.com
The benchmark indices have slipped further and continued Tuesday’s weaktrend for another day. Weak global cues are putting pressure on our markets. Banking, metal, telecom, power and real estate stocks are under pressure.
At 9:56 am, the Sensex went down 155 points to 8,945 and the Nifty lost 41 points at 2,755. CNX Midcap 100 slipped 1% to 3,454.
CERC ups Return on Equity for power units to 15.5% vs 14%
January 20, 2009Powered by: www.cafestocks.com
The Central Electricity Regulatory Commission (CERC) has upped the Return on Equity (RoE) for power units to 15.5% versus 14%, reports CNBC-TV18 quoting NewsWire18. CERC added that the new RoE would be applicable for the period 2009 to 2014. “The RoE for projects completed is on schedule at 16%,” it said.
Sell TCS January Futures below Rs 506
January 16, 2009Powered by: www.cafestocks.com
Tata Consultancy Services (TCS) January Futures below Rs 506 with a stoploss of Rs 510 and target of Rs 497, Rs 492.
