Jaiprakash Associates Cluster: Ugly Duckling Recommendation: Hold Price target: Rs266 Current market price: Rs237 To raise funds through equity dilution in subsidiary The management of Jaiprakash Associates Ltd (JAL) has announced that the company is looking at diluting 15% stake in its subsidiary, Jaypee Infratech Ltd (JIL), for Rs2,500 crore. JIL is constructing the … [Read more...]
STOCK UPDATE ;Selan Exploration Technology
Selan Exploration Technology Cluster: Ugly Duckling Recommendation: Hold Price target: Rs360 Current market price: Rs336 Price target revised to Rs360 Result highlights Selan Exploration Technology (Selan) has announced its results for the second quarter of FY2010. On an annual comparison basis, Selan?s Q2FY2010 revenues are down sharply by 48.4% as its realisations … [Read more...]
The Nifty Levels for 19th November 2009
Please find the correct levels for nifty The Nifty Levels for 19th november 2009 are First Resistance = 5081 First Support =5034 Second Resistance =5105 Second Support =5011 Breakout above = 5128 Break down Below = 4987 The above levels are for intraday only For Sure Shot pack and good Gains in Nifty Please visit Nifty Live Charts.com … [Read more...]
How to Learn in What Direction a Stock Is Moving
Sometimes it can be difficult to tell that in what direction a stock is going or is expected to move , but luckily there are some ways found to help you find out the direction of the stock movement that can help you out in making the correct decision yourself . . Short term or Long term. When finding out what direction a stock is moving you must decide if you are wanting … [Read more...]
SECTOR UPDATE;Cement
Cement East continues to lead dispatch growth in October Given the unavailability of volume dispatches by ACC and Ambuja Cement, we have done the entire analysis of the monthly cement dispatches after adjusting the previous year?s numbers for ACC and Ambuja Cement. Cement dispatch figures for October 2009 grew to 12.2 million metric tonne (MMT), implying an increase of 9.1% … [Read more...]