TECHNICAL ANALYSIS: Index Outlook: Sensex backtracks again
The Sensex had just begun to flap its wings to soar above the 18,200 barrier when it was checked abruptly by the RBI's policy rate hike. Earnings disappointments from some of the top-rung companies made the index retract further to close ...
The Sensex had just begun to flap its wings to soar above the 18,200 barrier when it was checked abruptly by the RBI's policy rate hike. Earnings disappointments from some of the top-rung companies made the index retract further to close ...
STOCKS: Bajaj Auto: Buy
Investors with a one-to-two-year perspective can consider an investment in the Bajaj Auto stock. The company had a dream run in 2009-2010, aided by a demand revival after the slowdown of 2008. This performance has extended to the first quarter ...
STOCKS: Birla Corporation: Buy
Investors with a two- year perspective can consider investing in the stock of Birla Corporation, a cement manufacturer whose target markets are the northern, central and ...
Investors with a two- year perspective can consider investing in the stock of Birla Corporation, a cement manufacturer whose target markets are the northern, central and ...
STOCKS: Lanco Infratech: Buy
Investors with high risk appetite can consider fresh exposure to the stock of Lanco Infratech with a two-year investment horizon. The company plans to add 1888 MW of additional capacity, trebling its capacity in FY11 which will ...
Investors with high risk appetite can consider fresh exposure to the stock of Lanco Infratech with a two-year investment horizon. The company plans to add 1888 MW of additional capacity, trebling its capacity in FY11 which will ...
IPOS: Bajaj Corp — IPO: Avoid
The Initial Public Offer (IPO) from Bajaj Corp may not be suitable for investors with a conservative risk profile. Though the company occupies a lucrative niche in the hair oil market, it relies heavily just on this one segment to drive ...
TECHNICAL ANALYSIS: Query Corner: Consolidation in Kotak Mahindra Bank
Please advise me on the prospects of Kotak Mahindra Bank. Meru Ramana, ...
Please advise me on the prospects of Kotak Mahindra Bank. Meru Ramana, ...
TECHNICAL ANALYSIS: Sizzling stocks: Maruti Suzuki (Rs 1,198.1)
The Maruti Suzuki stock tumbled 12 per cent forming a downward gap on Monday following its Q1 results announcement. It reported a year-on-year drop in net profits due to higher royalty payments. Subsequently, the stock hovered around Rs 1,200 ...
The Maruti Suzuki stock tumbled 12 per cent forming a downward gap on Monday following its Q1 results announcement. It reported a year-on-year drop in net profits due to higher royalty payments. Subsequently, the stock hovered around Rs 1,200 ...
TECHNICAL ANALYSIS: Pivotals: Reliance Industries (Rs 1,009.6)
RIL appears to have conclusively breached the lower boundary of its sideways consolidation range and the 50 as well as 200-day moving average which were poised around Rs 1050 last week. It is pausing just above its key intermediate-term ...
RIL appears to have conclusively breached the lower boundary of its sideways consolidation range and the 50 as well as 200-day moving average which were poised around Rs 1050 last week. It is pausing just above its key intermediate-term ...
Bombay Rayon Fashions: (Rs 264.9): After reaching its 52-week high at Rs 277, the stock witnessed a sharp fall on Friday. The outlook remains positive for the stock as long as it stays above Rs 218. However, in the short-term, the stock could ...
Volume rise signals interest in ONGC despite FI selling
Institutional investors are booking profits in shares of state-owned ONGC in the past three trading sessions. According to dealers, a mutual fund owned by a large public sector bank has been a seller in the stock.
The stock has seen higher-than-average trading volumes, indicating trading interest in the stock. Dealers said despite poor quarterly numbers, the stock still has not corrected as much as they expected.
On Friday, the stock, which has dropped about 2% in the past three sessions, closed flat at Rs 1,042.55. According to analysts, a revision of petrol prices and stake buy in Vietnam’s oil fields could revive sentiment in the stock.
Continuous fall in Reddy’s leaves investors stranded
The drop in Dr Reddy’s shares, in the past two weeks, has left some investors and traders stranded with losses. The buzz is that an operator who shares his first name with a Union minister, a Japanese fund and a European bank are stuck with a chunk of the stock.
It is speculated that the operator has bought the stock above Rs 1,400. On Friday, Dr Reddy’s shares, which have fallen 8.5% in the past two weeks, closed at Rs 1,352.60, down 1.6%. Many traders accumulated the stock at higher levels on rumours it may sell its business.
But according to brokers, a flat denial by the company’s management about such talks, in its recent shareholders meeting, poured cold water over the optimism in the stock. Insurance majors, including the Big Daddy, and leading mutual funds, have been sellers in the stock in the past many weeks.
(Contributed by Harish Rao & Nishanth Vasudevan)
Institutional investors are booking profits in shares of state-owned ONGC in the past three trading sessions. According to dealers, a mutual fund owned by a large public sector bank has been a seller in the stock.
The stock has seen higher-than-average trading volumes, indicating trading interest in the stock. Dealers said despite poor quarterly numbers, the stock still has not corrected as much as they expected.
On Friday, the stock, which has dropped about 2% in the past three sessions, closed flat at Rs 1,042.55. According to analysts, a revision of petrol prices and stake buy in Vietnam’s oil fields could revive sentiment in the stock.
Continuous fall in Reddy’s leaves investors stranded
The drop in Dr Reddy’s shares, in the past two weeks, has left some investors and traders stranded with losses. The buzz is that an operator who shares his first name with a Union minister, a Japanese fund and a European bank are stuck with a chunk of the stock.
It is speculated that the operator has bought the stock above Rs 1,400. On Friday, Dr Reddy’s shares, which have fallen 8.5% in the past two weeks, closed at Rs 1,352.60, down 1.6%. Many traders accumulated the stock at higher levels on rumours it may sell its business.
But according to brokers, a flat denial by the company’s management about such talks, in its recent shareholders meeting, poured cold water over the optimism in the stock. Insurance majors, including the Big Daddy, and leading mutual funds, have been sellers in the stock in the past many weeks.
(Contributed by Harish Rao & Nishanth Vasudevan)
Src: ET, Businessline, Smartinvestor.in
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