Market News
Positive Views on Suzlon Energy
Suzlon has been seeing order inflow from India and abroad, mainly from Europe and US. After REpower 100% squeeze out the management has indicated that they have cash of about USD 1.5 billion, this quite comforting on the net debt of about Rs 12,000-12,500 crore. Suzlon, is a USD 5 billion top-line company and the [...]
Suzlon Energy surges 4.7% in 2 days on new orders
The Suzlon Energy stock has surged 4.7% in two trading sessions from Rs 22.15 on Wednesday, 18 January 2012, after the company announced before trading hours on Thursday, 19 January 2012 that its subsidiary — REpower Systems SE secured cumulative orders of 151 megawatts across Europe and North America from 22 October 2011 to 18 [...]
Reliance Industries (Below Rs 700) – Company with Rs 300 per share cash
For a company sitting on Rs 300 in hard cash per share, a share price of Rs 700 means investors are getting a share of its business for Rs 400. Potential reasons of Reliance Industries crashing below Rs. 700 mark. – expected drop in net profits by 20 percent in the third quarter of the [...]
Monnet Ispat board confirms buy back
The board of directors of Monnet Ispat approved company’s proposal on Thursday to go for a buyback shares worth Rs 100 crore from the open market at a price not exceeding Rs 500 each. Monnet Ispat scrip touched an intra-day high of Rs 380 on the BSE before closing at Rs 364.65, a gain 1.50 [...]
McGraw-Hill Companies Inc Splits into Two Companies
McGraw-Hill Companies Inc would separate into two public companies, one focused on global markets and the other on education, pleasing investors who had been pushing for the company to split its businesses. McGraw-Hill will split into McGraw-Hill Markets, which would include its Standard & Poor’s ratings business, and McGraw-Hill Education, which will contain the textbook [...]
Income Tax Returns on ICICI Direct
ICICI Direct now enables customers to electronically file their income tax returns online. The ICICI direct website allows customers to instantly calculate their capital gains statement, automatically upgrade all mutual funds transactions and record dividends for all transactions, while computing capital gains. ICICI Direct, a three-in-one trading platform which links customers’ banking, stock trading and [...]
Reliance to Enter Financial Services
Reliance Industries announced that it has agreed to establish a joint venture with New York-based D.E. Shaw group to build financial services business in India. The joint venture will incorporate the D.E. Shaw investment and technology expertise with RIL’s operational knowledge and extensive presence across the country. D.E. Shaw group is an investment and technology [...]
