JBM Auto advanced 2.15% to Rs 71.15 at 10:15 IST on BSE, after net profit rose 26.4% to Rs 3.26 crore on 69.2% surge in net sales to Rs 77.61 crore in Q1 June 2010 over Q1 June 2009. The company declared its results after market hours on Wednesday, 11 August 2010. Meanwhile, the BSE Sensex was down 71.86 points, or 0.40% at 17,998.33. On BSE, 4,541 shares were traded in the … [Read more...]
M&M win bid to acquire South Korea’s Ssangyong Motor
Mahindra & Mahindra fell 1.06% to Rs 621 at 9:14 IST on BSE in weak market after the utility vehicles major won the bid to acquire South Korea's Ssangyong Motor after offering the highest bid price and securing financing plans. Meanwhile, the BSE Sensex was down 122.60 points, or 0.68%, to 17,947.59. On BSE, 16,000 shares were traded in the counter as against an average … [Read more...]
BUY South Indian Bank
Company Report: South Indian Bank – BUY CMP Rs194, Target Rs229, Upside 18.1% ± SIB is set to sail faster post a successful transformation ± 28% NII CAGR over FY10-12; adequately capitalized for growth ± Asset quality to remain stable; RoE to improve ± Superior fundamentals but valuation at discount to peers Source :- IndiaInfoline Research … [Read more...]
Nifty support and resistance levels for 12-August-2010
Nifty Future Daily trading levels Trading as per the support and resistance levels may be quite useful for intraday trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market … [Read more...]
Bank Nifty support and resistance levels for 12-August-2010
Bank Nifty Future Daily trading levels Trading as per the support and resistance levels may be quite useful for intraday trading in stocks and index. Resistance is termed as the level where the stock generally gets some opposite force before it can go further up. A support is the level where a stock get buying interest before it can fall further. Under the normal market … [Read more...]