Post market commentary 05/02/2010: ShareKhan
February 5, 2010 by admin
Filed under Latest Stock Market news
Eurozone bears on prowl After yesterday’s trample, bears continue beating Indian market on a worldwide sell-off on Eurozone fear. Global signals The European bourses hit the 10-week low after fresh worries over the global economy. At the time of writing this report FTSE 100 was down by 1.61%. All the Asian indices closed 1-3% lower. [...]
Buy Unity Infraprojects for target or Rs 680
February 5, 2010 by admin
Filed under Brokerage Recommendations
ShareKhan in its February 02, 2010 research report has recommended a buy rating on the stock Unity Infraprojects with a price target of Rs. 680. ShareKhan cites the following reasons for the recommendation: Result highlights: •Unity Infraprojects (Unity)?s performance in Q3FY2010 was in line with our estimates. The net profit of the company grew by [...]
DOW slides 268 points, oil, and gold dive as well
February 5, 2010 by admin
Filed under Latest Stock Market news
Fears about the global economy and sovereign credit hammered stocks Thursday, causing the Dow Jones Industrial Average to briefly cross below 10,000 for its worst day since April. Other markets gyrated as well, with commodities reeling while Treasury prices and the dollar rallied as investors sought safety. The Dow average /quotes/comstock/10w!i:dji/delayed (INDU 10,002, -268.29, -2.61%) [...]
Buy Opto Circuits India for target of Rs 250: ShareKhan
February 4, 2010 by admin
Filed under Brokerage Recommendations
ShareKhan in its February 02, 2010 research report has recommended a buy rating on the stock Opto Circuits India with a price target of Rs. 250. ShareKhan cites the following reasons for the recommendation: Result highlights •Results in line with estimates: Opto Circuits (Opto) has reported a top line growth of 21.8% to Rs257 crore [...]
Buy Tourism Finance Corporation of India for target of Rs 34 -ShareKhan
February 4, 2010 by admin
Filed under Brokerage Recommendations
ShareKhan in its February 02, 2010 research report has recommended a buy rating on the stock Tourism Finance Corporation of India for a target price of Rs. 34. Sharekhan further gave the following analysis for its recommendation: Result highlights •Tourism Finance Corporation of India (TFCI) reported a net profit of Rs7.4 crore in Q3FY2010?a growth [...]
Buy Karur Vysya Bank for a target of Rs 658 -Karvy Stock Broking
February 2, 2010 by admin
Filed under Brokerage Recommendations
Karvy Stock Broking in its February 02, 2010 research report has recommended a buy rating on Karur Vysya Bank for a target of Rs 658. Karvy Stock Broking further went on to say that in Q3FY10, Karur Vysya Bank’s (KVB) net interest income grew by 29.3% (Y/Y) to Rs1.51 bn in-line than our estimates of [...]
Buy 3i Infotech for target price of Rs 116 -Sushil Finance
February 2, 2010 by admin
Filed under Brokerage Recommendations
Sushil Finance in its January 30, 2010 research report has recommended a buy rating on 3i Infotech for a target price of Rs 116. Sushil finance, in its research report further went on to state that, 3i Infotech has delivered a flat performance during 9MFY10. However, the Company expects the business environment to improve going [...]
Pace of FII selling could lead to a nasty fall in markets -Raamdeo Agrawal
February 1, 2010 by admin
Filed under Latest Stock Market news
Raamdeo Agrawal, Director & Co Founder, Motilal Oswal Financial Services said no major surprises were there in the current earning season. JLR & Corus will change Sensex FY11 EPS estimate. The pace of FII selling could lead to nasty fall in the markets. He further added that RBI’s GDP projection of 7.5% will go well [...]
