Archive for February, 2010
Cadila Healthcare Bonus Issue
Cadila Healthcare is planning a Bonus Issue. The announcement was made on Saturday, 20 February 2010. The company’s equity capital is Rs 68.25 crore. Face value per share is Rs 5. The current price of Rs 745 discounts the company’s Q3 December 2009 annualized EPS of Rs 36.73, by a PE multiple of 20.28. If [...]
How is the IPO Retail Investor defined as?
Retail individual investor refers to an investor who applies or bids for securities of or for a value of not more than Rs.1,00,000.
Technical Analysis – Coromandel International – 21st Feb 2010
Coromandel International (Rs 275.2) – Fertiliser stocks were a buzz last week as Government hiked urea prices and approved a plan to pay subsidies to these companies based on nutrient content. Coromandel International rallied 13 per cent to the peak of Rs 289 on Friday before giving up some gains. The stock has long-term support [...]
Technical Analysis – NMDC – 21st Feb 2010
NMDC (Rs 457.6) – NMDC has also been in the news for its upcoming FPO and proposed change in pricing structure. The stock had been witnessing sharp spikes and equally severe declines over the last two weeks. Immediate supports for the stock are at Rs 440, Rs 427 and Rs 393. Short-term investors should divest [...]
Technical Analysis – Hindalco – 21st Feb 2010
Hindalco Industries (Rs 149.9) – This stock soared merrily in the first half of the week after its North American unit Novelis returned to profit in the third quarter. The stock jumped to an intra-week peak of Rs 154.8 before giving up some gains towards the weekend. Hindalco retraced 33 per cent of the up-move [...]
Technical Analysis – Reliance Industries – 21st Feb 2010
Reliance Industries (Rs 983.2) – It is very hard to keep Reliance Industries away from the thick of the action and the stock led the market lower in the last two sessions on concern that its bid to buy Lyondell Basell Industries may have to be raised. The steep plunge from the intra-week peak of [...]
Technical Analysis – Bharti Airtel – 21st Feb 2010
Bharti Airtel (Rs 278.8) – Bharti Airtel gave investors the jitters last week as it turned tail following the announcement of its offer to buy the African operations of Kuwait telecommunications company, Zain. The stock lost 14 per cent in the first two sessions of the week as it plunged to the low of Rs [...]
