The National Stock Exchange (NSE) is going to introduce 23 new scrips in F&O segment from October 29, 2010(Friday). 23 new scrips are 3i Infotech, Alok Industries, Bajaj Holdings, Bata, Bombay Dyeing, Central Bank, DCB, Escorts, Havells, HOEC, IGL, IndusInd Bank, IRB Infra, Jet Airways, Karnataka Bank, Max India, MRF, Oil India, S Kumars, SREI Infra, Sterlite Tech, Tata Motors DVR and TVS ... [Continue Reading]
L&T NET PROFIT JUMPED 31%, ON STRONG EARNINGS
India's largest publicly held company, L&T has declared its Q2 (second quarter) results today. The company seen strong growth with Q2 net profit jumping 31% at Rs.765 crore vs Rs.580 crore. Also, its net sales were at Rs 9,261 crore versus Rs 7,918.8 crore last quarter. Its income from other sources (Satyam stake sale) was also up at Rs 382 crore versus Rs 212 crore earlier. Company's operating ... [Continue Reading]
HDFC DECLARED ITS Q2 RESULTS TODAY 18 OCT 2010
HDFC Ltd. has declared its Q2 (quarter second) results today. The company's Q2 net profit surged 21.70% to touch Rs.808 crore vs Rs.663.9 crore last quarter. Its net interest income was up 25% at Rs 1,189 crore verses Rs 947 crore last quarter. Also other income was quoted at Rs 4.7 crore versus Rs 5.4 crore. The company has seen huge growth of 18.73% in loan products. The average 12-month ... [Continue Reading]
SESAGOA INTRADAY LEVELS FOR 18 OCT 2010
As per our analysis we have SESAGOA for intraday trading: BUY SESAGOA AT 364 FOR TARGET: 369 / 374 STOP LOSS SHOULD BE PLACED AROUND 360. SESAGOA HAS SEEN THE STRONG UPWARD MOMENTUM LAST WEEK. AS THE DAILY TECHNICAL INDICATORS ARE SHOWING CONTINUATION OF BULLISH MOVE. ... [Continue Reading]
NIFTY LEVELS FOR 18 OCT 2010
Here we are with today's (18-OCT-2010) NIFTY Future analysis: Nifty Future is likely to be bearish till its first support level of 6019. If it continues to trade below this level then we see immediate intraday support at 5982 levels. If it trades above 6033, Target for Nifty Future comes to 6060 and 6077 in extension. Our Analysis: BUY NIFTY FUTURE ABOVE 6019 FOR TARGET: 6055 / 6077 STOP LOSS ... [Continue Reading]