CMP: Rs 78 Target: Rs 87 EPS: Rs 10 Dividend: 12% Book Value: Rs 75 Surya Roshni Stock Analysis: Surya Roshni Ltd is a conglomerate with the largest ERW pipe manufacturing plant in India, a large cold rolling strip mill at Bahadurgarh (Haryana) and two lighting units one each at Kashipur (UP) and...

October 31, 2009 :: Daily Indian Stock Market News CIT Group, a top american lender which lends to small businesses across USA, filed for bankruptcy protection under Chapter 11. In terms of the asset value the CIA stands as the fifth biggest bankruptcy case with more than $71 billion. Ford India announced...

October 27, 2009 :: Daily Indian Stock Market News RBI lowered the economic growth projection to 6 per cent from the 6.5 percent projected three months ago. At the same time, the forecast on inflation based on the wholesale price index was raised to 3 percent, as against 1.6 percent estimated earlier. National...

October 20, 2009 :: Daily Indian Stock Market News The Krishna-Godavary basin gas-supply dispute between RIL and RNRL comes to hearing from today onwards. RIL has been named as one of the top 25 global champions for the year 2009 as it gave good returns to investors amidst global economic slowdown. The...

Tata Consultancy Services announced good results that beat market expectations. TCS announced Rs 2 intermediate dividend.  TCS posted a growth of 5.3% in its top line in Rupee terms. Sales: Rs.5744.40 Cr vs Rs.5699.96 (1% up) Net Profits: Rs.1642 Cr vs Rs.1173.04 Cr (29% up) OPM: 29.11% vs 28.09% (4%...

October 16, 2009: Indian Stock Market News NDTV Network, a group company of New Delhi Telivision (NDTV), announced that it will buyback the the 26% share that NBC Universal has in PLC. The financial details of the buyback deal have not been announced. On Thurday, the last day of the public issue of...

Source: http://www.moneycontrol.com “The dollar weakness will also be positive for India“, says Tushar Pradhan, CIO, HSBC AMC. Tushar is cautious on markets despite liquidity remaining robust. Speaking on earnings, Pradhan sees better earnings in H2 FY10. Here is a verbatim transcript...

Oct 15, 2009 :: Daily Stock Market News L & T announced that it has bagged orders worth Rs.966 crore from Sterlite Industries, Uttar Pradesh Jal Nigam and Gujarat Water Infrastructure. In an attempt to catch up with rivals, RIL aims to buy a refinery or a chemicals unit before the end of the...

A look at the record of the past seven years, starting from the now-famous Maruti divestment in 2003, one sees that NHPC shares were offered at a P/E of 38.3, the highest in the 24 divestments, including follow-ons and bank IPOs, during the period under consideration. The Oil India IPO, which opens...

Incidentally on September 04, 2009 (Friday) , both the much hyped power IPOs that came to the primary market, Adani Power and NHPC, closed below their issue price. So many investors flocked at these IPOs as they oversubscribed many times hoping to book smart listing day profits. But however, they were...