Accumulate Rolta-Prabhudas Lilladher

Prabhudas Lilladher has recommended accumulate rating on Rolta India with a target of Rs 240, in its December 24, 2009 research report. “Rolta has  strengthened its IP portfolio with Geospatial Fusion, OneView, iPerspective  and SOA Today, that has de-linked its model away from the linear growth  model. Also, JVs with Thales Group and The Shaw [...]

Buy KS Oils-Prabhudas Lilladher

Prabhudas Lilladher is bullish on KS Oils and has recommended buy rating on the stock with a target of Rs 88, in its December 23, 2009 research report. “KS Oils (KSO) is a market leader in the Rs130bn mustard oil market, with 11% market share (FY09). It also has ~30% market share in branded mustard [...]

Swing stock pick for 24-12-2009

Buy Orbit Corporation around 286 with a stop loss on a closing basis of 265 for a target of 300-310, with a time frame of two days to one week. To get regular short-term swing calls, visit http://www.niftyfutureking.com/article.asp?catid=12

US New Home Sales Dip

New Home Sales in the US unexpectedly Showed a Steep Drop In November New home sales unexpectedly showed a steep decline in the month of November, according to a report released by the US Commerce Department on Wednesday, with the report also showing a notable downward revision to sales in October. The report showed that [...]

FY-10 GDP Growth seen at 7.7%-FM

Finance Minister P. Chidambaram sees FY-10 GDP growth at 7.7% and economic growth returning to 9% in two to three years.

Stock pick for 23-12-2009-sesagoa

SesaGoa-380 After making high of 399 on 8 December 2009, the stock is continuously making lower lows on daily chart.  Yesterday the stock has formed “Long White Candle” bullish candlestick pattern with strong volume breakout on daily chart.  The 3-day EMA has given positive crossover to 8-day EMA.  Daily RSI,Stochastic and MACDh are giving positive [...]

Stock pick for 23-12-2009-GMDC

GMDC –144 The stock has broken extended Consolidation phase and finally formed “Long White Candle” bullish candlestick pattern with strong volume breakout on daily chart.  The 3-days EMA has given positive crossover to 8 days EMA.  Daily Momentum indicators have given positive divergence.  Moreover stock has outperformed market in spite of uncertainty on bourses.  Looking [...]

Nifty view for 23-12-2009

NIFTY –4986 Yesterday Nifty tried to kiss 50 days SMA and finally ended forming “Double Top” at 4997 level which will now work as a good resistance.  Stochastic is hovering in oversold region so bounce back from here is expected but sustainability is still on qualm. MACDh and RSI is showing some sense of recovery [...]

BHEL latest news

Bharat Heavy Electricals Ltd (BHEL), has bagged a Rs 6400 million order from Adhunik Power and Natural Resources Ltd, a member of the Adhunik Group, for supplying a 270-Megawatt unit at its upcoming power project in Jharkhand

Dr. Reddy’s latest news

Dr. Reddy’s plans to buy brands in Russia and introduce new products in India as part of scaling up business in key emerging markets.

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