Archive for May, 2008
Take Solutions 10:1 Stock Split Approved
Take Solutions gained a little like 0.44% in the falling market today to Rs 733.40 after the company said its board has approved splitting each of its shares into ten shares of face value Rs 1 each. The stock hit a high of Rs 800 and a low of Rs 725.55 so far during the [...]
Buy Geodesic Information Systems For 1-1.5 Years
Investments with a 12-18 month horizon can be considered in the stock of Geodesic Information Systems, considering its niche business, moderate valuation and good growth prospects. At Rs 181, the stock trades at 11 times its FY-08 earnings and nine times its estimated current year earnings. With a net profit margin of 49 per cent, [...]
Invest in Entertainment Network for Long Term
Investors with a long-term perspective can buy the stock of Entertainment Network India (ENIL), which operates the radio channel, Radio Mirchi 98.3 FM. Within the media sector, radio is poised to record the fastest growth in advertising spends, although on a low base. It is also likely to be less vulnerable to any slowdown in [...]
Bharti’s Talks to Merger with MTN Could Not Materialize
After almost a month of negotiations, Bharti could not take the merger talks further with South African company MTN due to disagreement over the holding structure. Bharti said the structure proposed by MTN would not capture the synergies of the two companies and was a convoluted way of getting an indirect control of the combined [...]
Technical Analysis Based Buy Calls
ABAN OFFSHORE LIMTIED The stock closed at Rs.4117.15 on 23rd May 2008. It made a 52-week low at Rs.2405.00 on 17th May 2007 and 52-week high of Rs.5416.00 on 07th January 2008. The 200 days Exponential Moving Average (EMA) of the stock is currently at Rs.3598. On the daily charts, the stock is in buy [...]
Hatsun Agro Product Spurts on Stock Split Proposal
Hatsun Agro Product surged 3.47% to Rs 510 at 12:05 IST on BSE after the company’s board approved a 5-for-1 stock split. The company made this announcement after trading hours on Wednesday, 21 May 2008. On BSE, 436 shares were traded in the counter. The scrip had an average daily volume of 2,042 shares in [...]
Softbpo Global Services Rights Issue Proposal
Softbpo Global Services was locked at upper limit of 5% at Rs 264.60 at 11:38 IST on BSE after its board approved rights issue of shares in the ratio of 40:1, at a huge discount to the ruling market price. The rights issue will be at a premium of Rs 60 per share of the [...]
