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Stock markets trade(assumption) on Monday post the declaration of election results
The Sensex closed up 300.51 points or 2.53% at 12173.42. It touched an intra day high of 12,219.54 and an intra day low of 11,948.70. The markets closed higher ahead of the election results on Saturday. Good buying interest was seen in banks, capital goods, IT, realty, metal, power, pharma, auto and oil & gas [...]
Dolphin Offshore recommends bonus share 2:5 & 30% dividend…
Dolphin Offshore Enterprises India Ltd has announced that the Board of Directors of the Company at its meeting held on May 14, 2009, inter alia, has recommended issue of bonus shares for the approval of the Shareholders in the proportion of 2 new equity shares for every 5 equity shares held as on the record [...]
Akruti City- Stock Split only after market stabilises..
Mr.Shah (Akruti City Ltd) said the board of directors would decide on a stock-split only after the stock market stabilises. Akruti City Ltd has witnessed a revival in sales during the first quarter of the current fiscal, a top official said on Friday. “Sales of the company have picked up by 30-35 percent in FY10 [...]
Corporate stock & dividend news…
Deepak Nitrite recommends dividend AXIS Bank to allot equity shares Hawkins Cookers to consider dividend GTL Infrastructure allots equity shares Hinduja Global Solutions recommends dividend HCL builds hosted SAP infrastructure for Misys MVL to allot warrants & debentures Shreyas Intermediates to issue preference shares Malwa Cotton Spinning Mills to allot equity share warrants Shriram Transport [...]
Market Slipped, TCS, SBI, SAIL, HDFC Bank, Sterlite, Infosys, NTPC, Reliance Communication and Tata Steel fell 1-4%.
Market slipped again, after showing some signs of recovery. Both the equity benchmarks were extremely volatile, ahead of the election results on Saturday, as today is the last day of polling. The fall was led by selling in oil & gas exploration, technology, metal, FMCG, select financial and power stocks. However, there was some support [...]
Godrej IPO on hold…
The Godrej group is putting on hold the plan by Godrej Properties to raise Rs 600 crore through an initial public offering. The plan, to offload a 13.5 per cent stake in the real estate company, is being postponed till the IPO market shows signs of revival. A pre-IPO placement of around 2.44 crore shares [...]
Ranbaxy Labs & Lupin-Good stock to buy….
Ranbaxy Labs good stock buy with price target @220.. Ranbaxy reported Q1CY09 results that were lower than our estimates on the back of higher than expected MTM losses of derivative contracts. Its estimated net profits to have declined 72% to Rs 749 million. Overall Ranbaxy reported a loss of Rs 7.62 billion. We value [...]
