Archive for June, 2008
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 [...]
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 [...]
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. [...]
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 [...]
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 [...]
