Archive for November 23rd, 2010

Buy Recommendation – EMCO

We recommend a buy in the stock of Emco from a short-term perspective. It is apparent from the charts of the stock that it has been on an intermediate-term down trend from its January 2010 peak of Rs 109. However, the stock found support in the band between Rs 58 and Rs 60 in late […]

Foreign concerns send market down

An uneasy start to today’s trading session began out of Asia, as North Korea fired artillery on a South Korean island. Undeterred, South Korea returned fire. Investors worry over an escalation and how the conflict will affect the US and global economies. Also on the international front, American investors remain pessimistic over Europe’s situation as […]

MOIL IPO Price Band

The government has fixed a price band of Rs. 340-375 a share for raising up to Rs. 1,238 crore through initial sale of shares in Manganese Ore India Ltd (MOIL). The company will come out with its initial public offer between November 26 and December 1. MOIL hopes to raise total of Rs. 1,238 crore […]