Archive for June, 2008
Federal-Mogul Goetze India Rights Issue plan
Federal-Mogul Goetze India dropped 1.67% to Rs 64.70 on BSE after the auto parts maker’s board approved raising up to Rs 130 crore through a rights issue of shares. The company made this announcement before trading hours today, 10 June 2008. The stock hit a high of Rs 67.15 and a low of Rs 64.15 [...]
Banking stocks on a free fall
Banking sector shares dwindled further extending recent heavy losses as investors were uncertain about what action the Reserve Bank of India would take to calm inflationary pressures in the economy.The BSE Bankex was down 2.93% at 6,827.07. Canara Bank (down 7.66% at Rs 184.95), HDFC Bank (down 4.96% at Rs 1125), Kotak Mahindra Bank (down [...]
Why You Should Buy and Accumulate Punj Lloyd
The stock of Punj Lloyd has declined 20 per cent over the last four months. Weak market sentiment rather than any significant change in the company’s fundamentals appears to be behind the decline. The company’s financial results for the year ending March 2008 reinforce the company’s strong earnings prospects.
We reiterate a buy on the stock [...]
First Winner Industries IPO Analysis
Strengths
Integrating backward to manufacture Grey fabrics will help the trading division to source fabric at a reasonable prices. The proposed apparel manufacturing facility could also source the fabrics from the manufacturing facility, thus, giving an integrated structure to the operation.
Has design capability through in-house designing team as well as established relationship with various wholesale customers, [...]
Mid-Cap Stock Pick - PVR Cinemas. Target Price: Rs 230
PVR is focusing on its movie production and distribution business. It expects over 100% growth in FY2009 through its subsidiary PVR Pictures. At present, the company operates 24 properties with 97 screens having 24,830 seats across various cities of the country. Moreover, PVR plans to open 7 properties with 41 screens and10,468 seats in FY2009.
Valuation: [...]
Technical Analysis: Stocks to Watch This Week
CAIRN IND: cmp- 263.95- the stock is poised for a smart rally from the current level perhaps upto 274..278. Take a risk of rs.4 and buy at the current level
BHEL: cmp- 1444.8- the stock is in oversold zone and decent pull back upto 1500/1518 is on cards. Buy around 1452 and 1436 with a stop [...]
Sanguine Media Sets Record Date for Rights Issue
Sanguine Media surged 4.24% to Rs 25.80 at 11:28 IST on BSE on setting record date for issue of equity shares on rights basis in the ratio of 1:1. The company made this announcement during trading hours today, 6 June 2008.
The stock hit a high of Rs 27.40 and a low of Rs 25 [...]
France Telecom opens talks on $42 billion takeover bid for TeliaSonera
France Telecom had opened talks on a $42 billion takeover bid for TeliaSonera that would create the world’s fourth-largest telecommunications operator. The Swedish telecom immediately dismissed the bid as to low, sending it shares jumping nearly 7 percent to 57.75 kronor ($9.56) with some analysts in agreement.
France’s dominant telecom operator stopped short of a formal [...]
Karnataka Bank rights issue proposal
Karnataka Bank rose 2.10% to Rs 189.25 at 10:16 IST on BSE after the bank scheduled a board meet on 12 June 2008 to consider rights issue. The bank made this announcement after trading hours on Wednesday, 4 June 2008. Meanwhile, the BSE Sensex was up 47.21 points, or 0.30%, to 15,562. On [...]
Sun Pharma - Worth a Buy For 3-5 Year Investment Perspective
In India, Sun Pharma currently has a 3.3 per cent share in a highly fragmented market and enjoys a position of strength in brands catering to therapy areas of psychiatry (Repace), neurology (Oxetol), cardiology (Aztor) and gastroenterology (Pantocid) amongst others.
As it continues to build on marketing initiatives to strengthen customer relationships, Sun’s domestic formulation business [...]
