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Archive for January, 2009

Quick Update: Indian Markets May Open Flat

Indian markets are likely to open flat on the back of flat global markets. Asian markets were trading flat to negative in the morning session on Friday after US stocks retreated on Thursday as layoffs at Microsoft and bank worries overshadowed hopes of an economic stimulus. The rupee rose in early trade on Thursday as […]


Satyam Shoots 31% on iGate’s part stake news

Satyam stock that has been experiencing very bad time since last few days has finally galloped 31% reaching Rs. 38.85 on news of iGate eyeing for part stake in Satyam. Reports of software firm iGate interested in acquiring parts of fraud hit IT firm whose board has been approached by domestic and foreign companies for […]


Satyam Shares Soared by 21% on Account of News from Govt Board

Satyam Computer Services jumped 17.73% to Rs 23.95 at 10:49 IST on BSE after a member of the government-constituted board said if the cash-strapped company’s receivables come on time, it would not need any financial assistance from the government. From a recent high of Rs 34.40 on 12 January 2009 the stock fell 40.98% to […]


Low Priced Scrip Indo Borax & Chemicals Has High Chances of Better Valuations

With the investor sentiment taking a hit in 2008 many scrips across the board have fallen like a pack of cards. The fall has been so severe that not only the froth has vanished but the scrips are well below their true value. One such counter, we feel, is Indo Borax & Chemicals (IBCL), which […]