Archive for July, 2011
Ashok Leyland gained 1.38% to Rs 51.50 at 13:26 IST on BSE, ahead of record date for a liberal 1:1 bonus issue. The mid-cap stock had outperformed the market over the past one month till 28 July 2011, rising 3.36% compared with the Sensex’s 1.53% fall. The scrip had, however, underperformed the market in past […]
We recommend a buy in the stock of Nitin Fire Protection Industries from a short-term perspective. It is evident from the charts of the stock that since its March 2009 low of Rs 23, the stock has been on a structural bull-run forming higher peaks and higher troughs. In February, the stock took support from […]
We recommend a buy in the stock of Aurobindo Pharma from a short-term perspective. It is evident from the charts of the stock that in late February this year, the stock found support at its long-term base zone between Rs 160 and 165. The stock’s medium-term downtrend from January peak of Rs 275 appears to […]
We recommend a buy in the stock of Lumax Auto Technologies from a short-term horizon. It is seen from the charts of the stock that after finding support at around Rs 130 in this February and March, the stock reversed direction. Since then, it has been on a medium-term uptrend. However, it encountered a significant […]
The board of Vertex Securities in its meeting on 20 July 2011 has approved the proposal to sub-divide the nominal value of the equity shares of the company from the nominal value of Rs. 10 each to the nominal value of Rs. 2 each, subject to approval of members of the company.
The board of Residency Projects & Infratech in its meeting on 26 July 2011 has approved the issue and allotment of bonus shares in the ratio of 1:4 to the existing equity shareholders.
Mac Charles (India) was locked at 5% upper limit at Rs 261.45 at 12:05 IST on BSE, after the company said its board will consider issue of bonus shares on 28 July 2011 along with Q1 June 2011 results. The stock opened with an upward gap, surging by the maximum 5% daily circuit and remained […]