Indian Stock Market

Reduce Sesa Goa, target of Rs 61

cafestocks — Fri, 06 Feb 2009 07:24:38 +0000

www.cafestocks.com

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.

Indian Stock Market

Source:- moneycontrol.com

Mkt may see upto $3 bn insurance inflow at the end of the March:ICICI

cafestocks — Wed, 04 Feb 2009 10:10:25 +0000

USD 2-3 billion of more money flowing from insurance companies during February-March. Companies that focus on domestic demand should fare better.

Intraday Free Tips

Maruti sees good Q4 backed by lower input costs

cafestocks — Fri, 30 Jan 2009 05:56:56 +0000

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%

BSE Tips

Reliance Power can test Rs 115-118

cafestocks — Thu, 29 Jan 2009 05:55:51 +0000

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.

Intraday Free Tips

Sesa Goa to maintain 25-30% volume growth outlook in FY09

cafestocks — Wed, 28 Jan 2009 07:16:48 +0000

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.

Indian Stock Market

Corus signs share purchase agreement with Klesch

cafestocks — Fri, 23 Jan 2009 05:49:24 +0000

Tata Steel has announced that Corus and Klesch have signed a share purchase agreement for the acquisition of Corus’ aluminium smelters by Briand Investments B.V., an affiliate of Klesch. The signing follows completion of the internal consultation and advice process and the receipt of necessary regulatory clearances. Completion of the transaction remains subject to certain conditions being fulfilled by both parties.

BSE tips

Blockbuster results fail to cheer Dr Reddy’s Labs

cafestocks — Thu, 22 Jan 2009 05:26:22 +0000

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.

Indian Stock Market

Sensex below 9K on weak global cues

cafestocks — Wed, 21 Jan 2009 05:36:27 +0000

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.

Intraday Free Tips

CERC ups Return on Equity for power units to 15.5% vs 14%

cafestocks — Tue, 20 Jan 2009 10:26:38 +0000

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.

Intraday Free Tips

Sell TCS January Futures below Rs 506

cafestocks — Fri, 16 Jan 2009 05:12:32 +0000

Tata Consultancy Services (TCS) January Futures below Rs 506 with a stoploss of Rs 510 and target of Rs 497, Rs 492.

Intraday Free Tips