Archive for July, 2008
Buy Transformers and Rectifiers For Long Term
Well, this is the weekend update for you to be ready for coming Monday. The investors like me with a long-term perspective can consider buying the stock of Transformers and Rectifiers (T&R). What made me suggest it is it’s robust growth in revenue backed by stable margins healthy growth in order backlog and the likely [...]
Technical Analysis: State Bank of India [SBI]
Last week, SBI rallied strongly to move past outermost short-term target at Rs 1,556. Keep in mind, the stock faces strong resistance at Rs 1,535 (38.2 per cent retracement of the down move from January peak) and at Rs 1,610 where the 200-day moving average is positioned. A reversal from this zone can result in [...]
Nu Tek India – IPO Analysis
We can certainly consider an investment in the IPO of Nu Tek India, with the given the reasonable asking price and the potential for this business. The company enables telecom companies to expand their tower infrastructure, by providing end-to-end services. Nu Tek delivers telecom infrastructure roll out services, including civil and electrical works, for wireless [...]
CHL Ltd Recommends Rights Issue
CHL Ltd has recommended rights issue today. It’s current market price is Rs. 205 as per the last traded price in market today. I just read this corporate announcement at NSE today and putting it here right away. CHL Ltd has informed BSE that the Board of Directors of the Company at its meeting held [...]
MM Forgings Recommended Bonus Issue – Ratio of 1:1
I do have one more bonus issue news for you today. MM Forgings Ltd has recommended the Issue of Bonus share in the ratio of 1:1 (One Bonus Share for Every existing one Equity Share held). The Issue of Bonus Shares shall be considered by the Shareholders in the ensuing Annual General Meeting to be [...]
Bliss GVS Pharma Bonus Proposal
Look at this company today! Bliss GVS Pharma was locked at 20% upper limit at Rs 46.25 on BSE after the company said its board will meet on 29 July 2008 to consider issue of bonus shares. The company has an equity capital of Rs 6.45 crore. Face value per share is Rs 1. The [...]
HDIL Bonus Issue Record Date declared
HDIL company [Housing Development & Infrastructure] fixed 22 August 2008 as the record date for issue of bonus shares in the ratio of 2:7. We have updated you about the HDIL bonus issue earlier, when they announced the issue on May 21st. Earlier this year, Housing Development & Infrastructure (HDIL) bagged a slum rehabilitation project [...]
