Avantha Power & Infrastructure Ltd IPO Grading & Rating

Posted on Sunday, September 12, 2010
Filed under IPO Grading, IPO Rating | Leave a Comment

CARE has assigned an IPO Grade 4 to Avantha Power & Infrastructure Ltd IPO. This means as per CARE company has 'Strong fundamentals'.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Avantha Power & Infrastructure Ltd IPO

Filed under IPO Information, Latest IPO | Leave a Comment

Avantha Power & Infrastructure Ltd IPO Detail:

- IPO Open:
- IPO Close:
- IPO Size: Rs. 1,250.00 Crore
- Face Value: Rs. Per Equity Share
- IPO Price: Rs. - Rs. Per Equity Share
- Minimum Order Quantity:
- Maximum Order Quantity:
- Listing At: BSE, NSE

These icons link to social bookmarking sites where readers can share and discover new web pages.

Coal India Ltd IPO Grading & Rating

Filed under IPO Grading, IPO Rating | Leave a Comment

CRISIL has assigned an IPO Grade 5 to Coal India Ltd IPO. This means as per CRISIL company has 'Strong fundamentals'.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Coal India Limited IPO

Filed under IPO Information, Latest IPO | Leave a Comment

Coal India Limited IPO Detail:

- IPO Open: Oct 18, 2010
- IPO Open: Oct 21, 2010
- IPO Size: Rs. [.] Crore
- Face Value: Rs. 10 Per Equity Share
- IPO Price Band: Rs. - Rs. Per Equity Share
- Minimum Order Quantity:
- Maximum Order Quantity:
- Listing At: BSE, NSE

These icons link to social bookmarking sites where readers can share and discover new web pages.

Eros International Media Limited IPO Grading & Rating

Filed under IPO Grading, IPO Rating | Leave a Comment

CARE has assigned an IPO Grade 4 to Eros International Media Limited IPO. This means as per CARE company has 'Average Fundamentals'.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Eros International Media Limited IPO

Filed under IPO Information, Latest IPO | Leave a Comment

Eros International Media Limited IPO Detail:

- IPO Open: Sep 17, 2010
- IPO Close: Sep 21, 2010
- IPO Size: Rs. [.] Crore
- Face Value: Rs. 10 Per Equity Share
- IPO Price: Band Rs. - Rs. Per Equity Share
- Minimum Order Quantity:
- Maximum Order Quantity:
- Listing At: BSE, NSE

These icons link to social bookmarking sites where readers can share and discover new web pages.

Indosolar Ltd IPO Grading & Rating

Filed under IPO Grading, IPO Rating | Leave a Comment

CRISIL has assigned an IPO Grade 3 to Indosolar Ltd IPO. This means as per CRISIL company has 'Average Fundamentals'.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Indosolar Limited IPO

Filed under IPO Information, Latest IPO | Leave a Comment

Indosolar Limited IPO Detail:

- IPO Open: Sep 13, 2010
- IPO Close: Sep 15, 2010
- IPO Size: Rs. 357.00 Crore
- Face Value: Rs. 10 Per Equity Share
- IPO Price Band: Rs. 29 - Rs. 32 Per Equity Share
- Minimum Order Quantity: 200 Shares (6400 Rs.)
- Maximum Order Quantity: 3000 Shares (96000 Rs.)
- Listing At: BSE, NSE

These icons link to social bookmarking sites where readers can share and discover new web pages.

Bharti Airtel Announced Q1 Results

Posted on Tuesday, August 10, 2010
Filed under bharti Airtel, Company Results | Leave a Comment

Bharti Airtel Ltd has the following Audited results for the quarter ended June 30, 2010:

The Company has posted a net profit of Rs 19309.00 million for the quarter ended June 30, 2010 as compared to Rs 26875.00 million for the quarter ended June 30, 2009. Total Income has increased from Rs 90562.00 million for the quarter ended June 30, 2009 to Rs 93737.00 million for the quarter ended June 30, 2010.

The Consolidated Results are as follows

The Audited Consolidated results as per International Financial Reporting standards (IFRS)

The Group has posted a net profit of Rs 16816.00 million for the quarter ended June 30, 2010 as compared to Rs 24745.00 million for the quarter ended June 30, 2009. Total Income has increased from Rs 104254.00 million for the quarter ended June 30, 2009 to Rs 122856.00 million for the quarter ended June 30, 2010.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

August 06: India Stock Buying Tips by Brokers

Posted on Saturday, August 7, 2010
Filed under Indian Stock Market Tips | Leave a Comment

Company Name: Mundra Port & Special Economic Zone Ltd.

Buy/Sell: Buy at Rs 780

Target Price: 820

Tips Given By: Somesh Kumar (Karvy Stock Broking)

------------------

Company Name: ABG Shipyard Ltd.

Buy/Sell: Buy, stop loss Rs 249

Target Price: 289

Tips Given By: Ashwani Gujral

------------------

Company Name: Berger Paints (India) Ltd.

Buy/Sell: Buy

Target Price: 20-25% gains from current price

Tips Given By: Ashish Kukreja (Unicon Investments)

------------------

Company Name: Camlin Ltd.

Buy/Sell: Buy on dips

Target Price: 44.8

Tips Given By: Prasad Kushe

------------------

Company Name: Gujarat State Petronet Ltd.

Buy/Sell: Buy, stop loss Rs 105

Target Price: 114

Tips Given By: Salil Sharma

------------------

Company Name: Wipro Ltd.

Buy/Sell: Buy, stop loss Rs 422

Target Price: 450

Tips Given By: Somesh Kumar (Karvy Stock Broking)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Mahindra & Mahindra Financial Services Introduces New Employees' Stock Option Scheme - 2010

| Leave a Comment

Mahindra & Mahindra Financial Services Ltd has informed BSE that the Board of Directors of the Company vide a Circular Resolution dated August 06, 2010, has decided to seek the approval of the shareholders for the introduction of a new "Mahindra & Mahindra Financial Services Limited Employees' Stock Option Scheme - 2010" ("the Scheme") by means of a Postal Ballot in accordance with Section 192A of the Companies Act, 1956 read with the Companies (Passing of the Resolution by Postal Ballot) Rules, 2001 and has fixed August 16, 2010 as the cut off date for ascertaining the list of the shareholders to whom Postal Ballot Notice and Postal Ballot Form will be sent and also for reckoning the voting rights.

The results of the Postal Ballot will be declared on or before September 24, 2010.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

National Aluminium Announced Audited FY 10 Results

Filed under Company Results, National Aluminium | Leave a Comment

National Aluminium Company Ltd has announced the following Audited results for the year ended March 31, 2010:

The Company has posted a net profit after tax of Rs 8142.20 million for the year ended March 31, 2010 as compared to Rs 12722.70 million for the year ended March 31, 2009. Total Income has decreased from Rs 56309.10 million for the year ended March 31, 2009 to Rs 55477.00 million for the year ended March 31, 2010.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

National Aluminium Company Ltd: Board Recommends Dividend

Filed under Company Dividend, National Aluminium | Leave a Comment

National Aluminium Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 06, 2010, inter alia, have recommended for payment of total dividend @ Rs. 2.50 per share (including Rs. 1.50 interim dividend already paid on March 30, 2010) on the paid-up equity share capital of the Company subject to the approval of shareholders in the ensuing 29th Annual General Meeting.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

SMS Pharma Dividend

Filed under Company Dividend, SMS Pharma | Leave a Comment

SMS Pharmaceuticals Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on August 27, 2010, inter alia, to consider the followings:-

1. To consider and approve the Audited Annual Accounts for the year ended March 31, 2010.

2. To recommend the Dividend for the year 2009-10, if any.

3. To fix the time, date and venue to convene the 22nd Annual General Meeting of the Company.

4. To approve the draft notice convening the 22nd Annual General Meeting of the Company.

5. To fix the date of closure of Register of Members and Share Transfer Books for the purpose of dividend and Annual General Meeting.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Rajeswari Found: Board Recommends Dividend

Filed under Company Dividend, Rajeswari Found | Leave a Comment

Rajeswari Foundations Ltd has informed BSE that the Board of Directors of the Company at its meeting held on August 06, 2010, inter alia, recommended a dividend at the rate of Rs. 0.50 (5%) per Equity share of the face value of Rs. 10/- each for the year ended March 31, 2010, subject to approval of shareholders in the ensuing Annual General Meeting to be held on September 30, 2010.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Sterling Bio Q2 Results Announced

Filed under Company Results, Sterling Bio | Leave a Comment

Sterling Biotech Ltd has announced the following Unaudited results for the quarter ended June 30, 2010:

The Company has posted a net profit of Rs 447.043 million for the quarter ended June 30, 2010 as compared to Rs 404.744 million for the quarter ended June 30, 2009. Total Income has increased from Rs 3587.985 million for the quarter ended June 30, 2009 to Rs 3979.461 million for the quarter ended June 30, 2010.

Source: BSE India (Corporate Announcement)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Prakash Steelage IPO Subscription Status

Filed under IPO Subscription Status | Leave a Comment

Prakash Steelage IPO Subscription Status is given below:

Till Day 2: (August - 6)

Qualified Institutional Buyers (QIBs): 0.51 times

Non Institutional Investors: 3.96 times

Retail Individual Investors (RIIs): 1.11 times

Employee Reservations: 0.89 times

Prakash Steelage IPO Total Subscription: 1.23 times

These icons link to social bookmarking sites where readers can share and discover new web pages.

Bajaj Corp IPO Subscription Status

Filed under IPO Subscription Status | Leave a Comment

Bajaj Corp IPO Subscription Status is given below:

Qualified Institutional Buyers (QIBs): 20.19 times

Non Institutional Investors: 53.49 times

Retail Individual Investors (RIIs): 6.62 times

Bajaj Corp IPO Total Subscription: 19.29 times

These icons link to social bookmarking sites where readers can share and discover new web pages.

SKS Microfinance IPO Subscription Status

Filed under IPO Subscription Status | Leave a Comment

SKS Microfinance IPO Subscription Status is given below:

Qualified Institutional Buyers (QIBs): 20.38 times

Non Institutional Investors: 18.26 times

Retail Individual Investors (RIIs): 2.81 times

SKS Microfinance IPO Total Subscription: 13.69 times

These icons link to social bookmarking sites where readers can share and discover new web pages.

IPO Grey Market Premium: Bajaj Corp., SKS Microfinance, EIL & Prakash Steelage

Posted on Friday, August 6, 2010
Filed under IPO Grey Market Premium | Leave a Comment

Find Latest IPO Grey Market Premium of SKS Microfinance, Bajaj Corp., Prakash Steelage.

SKS Microfinance Grey Market Premium: Rs. 45 - 47
Bajaj Corp. Grey Market Premium: Rs. 55 - 60
Prakash Steelage Grey Market Premium: Rs. 8 - 10
EIL Grey Market Premium: Rs. 40 - 45

Note:
* IPO Grey Market Premium is valid for the day when we posted the article.
* This is for the information for IPO investors.
* We don't guarantee for any prices mentioned above.
* Rates of IPO Grey Market Premium is taken from reliable sources.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Reliance Industries, Target of 1200

Posted on Tuesday, July 27, 2010
Filed under Reliance Industries | Leave a Comment

Stock Name: Reliance Industries Ltd.

Action: Buy

Date: Jul 27, 2010

Target: 1200

Source: Nischal Maheshwari (Edelweiss Securities)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Sesa Goa, Target of 415 with stop loss of Rs 350

Filed under Indian Stock Market News, Indian Stock Market Tips, Sesa Goa | Leave a Comment

Stock Name: Sesa Goa Ltd.

Action: Buy, stop loss Rs 350

Date: Jul 27, 2010

Target: 415

Source: Prasad Kushe

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy DLF Ltd, Target of 329 with stop loss of Rs 314

Filed under DLF Ltd, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: DLF Ltd.

Action: Buy, stop loss Rs 314

Date: Jul 27, 2010

Target: 329

Source: Salil Sharma

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Titan Industries, Target of 2910 with stop loss of Rs 2800

Filed under Indian Stock Market News, Indian Stock Market Tips, Titan Industries | Leave a Comment

Stock Name: Titan Industries Ltd.

Action: Buy, stop loss Rs 2800

Date: Jul 27, 2010

Target: 2910

Source: Varun Daga

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy TVS Motor, Target of 140 with stop loss of Rs 133

Filed under Indian Stock Market News, Indian Stock Market Tips, TVS Motor | Leave a Comment

Stock Name: TVS Motor Company Ltd.

Action: Buy, stop loss Rs 133

Date: Jul 27, 2010

Target: 140

Source: Nishant Jain (Tradeswift)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Sun Pharmaceutical, Target of 1800 with stop loss of Rs 1760

Filed under Indian Stock Market News, Indian Stock Market Tips, Sun Pharmaceutical | Leave a Comment

Stock Name: Sun Pharmaceutical Industries Ltd.

Action: Buy, stop loss Rs 1760

Date: Jul 27, 2010

Target: 1800

Source: Rajesh Jain (SMC Global Securities)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy LIC Housing Finance, Target of 1120 with stop loss of Rs 1060

Filed under LIC Housing Finance | Leave a Comment

Stock Name: LIC Housing Finance Ltd.

Action: Buy, stop loss Rs 1060

Date: Jul 27, 2010

Target: 1120

Source: Varun Daga

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy ICICI Bank, Target of 880 with stop loss of Rs 960

Filed under ICICI Bank, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: ICICI Bank Ltd.

Action: Buy, stop loss Rs 880

Date: Jul 27, 2010

Target: 960

Source: Shardul Kulkarni (Angel Broking)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Colgate, Target of 950 with stop loss of Rs 810

Filed under Colgate, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Colgate-Palmolive (India) Ltd.

Action: Buy, stop loss Rs 810

Date: Jul 27, 2010

Target: 950

Source: Sanjay Surekha

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Hold Exide Industries, Target of 150 with stop loss of Rs 130

Filed under Exide Industries, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Exide Industries Ltd.

Action: Hold, stop loss Rs 130

Date: Jul 27, 2010

Target: 150

Source: Rajeev Agarwal (Dynamix Research)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Hindalco, Target of 166 with stop loss of Rs 152

Filed under Hindalco, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Hindalco Industries Ltd.

Action: Buy, stop loss Rs 152

Date: Jul 27, 2010

Target: 166

Source: Shardul Kulkarni (Angel Broking)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy ACC Ltd, Target of 870 with stop loss of Rs 815

Filed under ACC Ltd, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: ACC Ltd.

Action: Buy, stop loss Rs 815

Date: Jul 27, 2010

Target: 870

Source: Kunal Saraogi

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Hold Oriental Bank of Commerce, Target of 420 with stop loss of Rs 330

Filed under Indian Stock Market News, Indian Stock Market Tips, Oriental Bank of Commerce | Leave a Comment

Stock Name: Oriental Bank of Commerce

Action: Hold, stop loss Rs 330

Date: Jul 27, 2010

Target: 420

Source: Nitin Murarka (SMC Global)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy MMTC Ltd, Target of 34500 with stop loss of Rs 27300

Filed under Indian Stock Market News, Indian Stock Market Tips, MMTC Ltd | Leave a Comment

Stock Name: MMTC Ltd.

Action: Buy, stop loss Rs 27300

Date: Jul 27, 2010

Target: 34500

Source: Prasad Kushe

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy HPCL, Target of 448 with stop loss of Rs 425

Filed under HPCL, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Hindustan Petroleum Corporation Ltd. (HPCL)

Action: Buy, stop loss Rs 425

Date: Jul 27, 2010

Target: 448

Source: Salil Sharma

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy Central Bank of India, Target of 184

Filed under Central Bank of India, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Central Bank of India

Action: Buy

Date: Jul 27, 2010

Target: 184

Source: Alok Agarwal (Mata Securities)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Hold Godrej Consumer Products Ltd, Target of 380 with stop loss of Rs 335

Filed under Godrej Consumer Products, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Godrej Consumer Products Ltd.

Action: Hold, stop loss Rs 335

Date: Jul 27, 2010

Target: 380

Source: Rajeev Agarwal (Dynamix Research)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy ACC Ltd, Target of 840 with stop loss of Rs 817

Filed under ACC Ltd | Leave a Comment

Stock Name: ACC Ltd.

Action: Buy, stop loss Rs 817

Date: Jul 27, 2010

Target: 840

Source: Somil Mehta (Sharekhan)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Buy TCS, Target of 862 with stop loss of Rs 838

Filed under Indian Stock Market News, Indian Stock Market Tips, TCS | Leave a Comment

Stock Name: Tata Consultancy Services Ltd. (TCS)

Action: Buy, stop loss Rs 838

Date: Jul 27, 2010

Target: 862

Source: Salil Sharma

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Sell Indian Bank, Target of 185 with stop loss of Rs 238

Filed under Indian Bank, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Indian Bank

Action: Sell, stop loss Rs 238

Date: Jul 27, 2010

Target: 185

Source: Ashwani Gujral

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Hold Godawari Power & Ispat Ltd, Target of 250

Filed under Godawari Power, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Godawari Power & Ispat Ltd.

Action: Hold

Date: Jul 27, 2010

Target: 250

Source: Nitin Murarka (SMC Global)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Broker Stock Tips: Sell HDIL, Target of 235 with stop loss of Rs 271

Filed under HDIL, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Housing Development & Infrastructure Ltd. (HDIL)

Action: Sell, stop loss Rs 271

Date: Jul 27, 2010

Target: 235

Source: Ashwani Gujral

These icons link to social bookmarking sites where readers can share and discover new web pages.

Buy JSW Energy Ltd: Target of 175

Posted on Friday, July 23, 2010
Filed under Indian Stock Market News, Indian Stock Market Tips, JSW Energy | Leave a Comment

Stock Name: JSW Energy Ltd.

Action: Buy

Date: Jul 23, 2010

Target: 175

Source: Gaurang Shah (Geojit BNP Paribas)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Hold NHPC Ltd: Target of 35

Filed under Indian Stock Market News, Indian Stock Market Tips, NHPC Ltd | Leave a Comment

Stock Name: NHPC Ltd.

Action: Hold

Date: Jul 23, 2010

Target: 35

Source: Prasad Kushe

These icons link to social bookmarking sites where readers can share and discover new web pages.

Hold TVS Motor: Target of 175

Filed under Indian Stock Market News, Indian Stock Market Tips, TVS Motor | Leave a Comment

Stock Name: TVS Motor Company Ltd.

Action: Hold

Date: Jul 23, 2010

Target: 175

Source: Ashuu Kakkarr

These icons link to social bookmarking sites where readers can share and discover new web pages.

Hold Reliance Power Ltd: Target of 25-30% Gain

Filed under Indian Stock Market News, Indian Stock Market Tips, Reliance Power | Leave a Comment

Stock Name: Reliance Power Ltd.

Action: Hold for 25-30% gains

Date: Jul 23, 2010

Target: 25-30% gains from current levels of 170-175

Source: Ashish Kukreja (Unicon Investments)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Sell ACC Ltd: Target of 800, Stop Loss of 815

Filed under ACC Ltd, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: ACC Ltd.

Action: Sell at Rs 815

Date: Jul 23, 2010

Target: 800

Source: Somesh Kumar (Karvy Stock Broking)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Buy Axis Bank Ltd: Target of 1410, Stop Loss of 1375

Filed under Axis Bank, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Axis Bank Ltd.

Action: Buy, stop loss Rs 1375

Date: Jul 23, 2010

Target: 1410

Source: Imtiaz Qureishi

These icons link to social bookmarking sites where readers can share and discover new web pages.

Buy Bharat Electronics Ltd: Target of 1910, Stop Loss of 1825

Filed under Bharat Electronics, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Bharat Electronics Ltd.

Action: Buy, stop loss Rs 1825

Date: Jul 23, 2010

Target: 1910

Source: Rakesh Bansal (New Age Wealth)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Buy Gati Ltd: Target of 106, Stop Loss of 73

Filed under Gati Ltd, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: Gati Ltd.

Action: Buy, stop loss Rs 73

Date: Jul 23, 2010

Target: 106

Source: Ashwani Gujral

These icons link to social bookmarking sites where readers can share and discover new web pages.

Buy ICICI Bank: Target of 950, Stop Loss of 880

Filed under ICICI Bank, Indian Stock Market News, Indian Stock Market Tips | Leave a Comment

Stock Name: ICICI Bank Ltd.

Action: Buy, stop loss Rs 880

Date: Jul 23, 2010

Target: 950

Source: Somesh Kumar (Karvy Stock Broking)

These icons link to social bookmarking sites where readers can share and discover new web pages.

Power Grid FPO Approved by Government

Posted on Thursday, July 22, 2010
Filed under Indian Stock Market News, Indian Stock Market Tips, Power Grid | Leave a Comment

As investors are waiting for the news about Power Grid FPO it comes out positive. On Thursday government said that it will divest 10% of its stake in transmission utility as a part of an about Rs 8,400 crore public issue.

Price of the share of Power Grid will be around 105.50 per share.

Power Minister Sushil Kumar Shinde told reporters that Power Grid is likely to come out with its follow-on offer by October this year. Government has 86.36 % stake in Power Grid Corporation.

The offer comprises over 84 crore (84,17,68,246) equity shares of Rs 10 each, constituting 18.18 % of post-offer paid-up capital of the company.

Power Grid hit the capital market in October, 2007, with its maiden public offer, comprising issuance of 10% fresh equity and 5% disinvestment by the government.

Power Grid has targets to augment transmission capacity to 23,400 MW in the current fiscal year from 19,800 MW at present.

Power Grid stock was up 1.5% and close at Rs 101.40 on NSE on Thursday.

Is this right time to enter the stock as the stock brokers are bullish on Power Grid and the value of the company is also creates a positive state in investors mind. So, take your own desicition to put your money on this stock.

Power Grid Stock Tips:
Power Grid may touch 120 levels as it is hovering around 100 rs for last few weeks. As the government have decided the FPO it will surely boost the price soon. Investors can enter the stock around 100 Rs. and can stay invested for long term. Short term investors can buy Power Grid for the level of around 105.

These icons link to social bookmarking sites where readers can share and discover new web pages.

Search Live Stock Quotes Free

Categories

Followers

Archives

Feedjit