Vakrangee Software Q4 net loss at Rs 29.7 cr
June 29th, 2009
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Archive
Archive for June, 2009
IFCI has target of Rs 60-65: M Thacker
June 29th, 2009
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Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that IFCI has medium-term target of Rs 60-65.
Thacker told CNBC-TV18, “I am trying to pick high beta stocks which are broken above their previous high closing and IFCI also falls in the same category. Clearly we are looking a target of around Rs 60-65 over a medium-term. But for the day it could probably test levels of around Rs 58.”
BEML touches 52-week high
June 29th, 2009
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BEML touched a 52-week high of Rs 1,078.80. At 3:06 pm, the share was quoting at Rs 1,067, up Rs 162.50, or 17.97%.
It was trading with volumes of 175,467 shares, compared to its five-day average of 29,769 shares, an increase of 489.43%.
Yesterday the share closed up 0.85% or Rs 7.65 at Rs 904.50.
May go to court over gas imbroglio: Fert Secy to Oil Secy
June 29th, 2009
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IVRCL Infra has target of Rs 420-430: M Thacker
June 29th, 2009
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Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that IVRCL Infrastructure and Projects has medium-term target of Rs 420-430.
Thacker told CNBC-TV18, “The entire infrastructure sector has been doing well and this is a high beta sector, so any breakout could probably result in good gains over a short period of trading if you are a short-term trader. IVRCL yesterday closed above Rs 370, the entire last rally the stock had not been able to cross and close above this level of Rs 370. I think that’s a good breakout and the stock is going to enjoy good momentum for the next few days while the medium-term targets could be much higher at levels of around Rs 420-430, I think for day trader Rs 390 would be a good target.”
Axis Bank can test Rs 900: M Thacker
June 29th, 2009
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Mitesh Thacker, Technical Analyst, miteshthacker.com is of the view that Axis Bank can test Rs 900 in the long term.
Thacker told CNBC-TV18, “Banking sector has been outperforming the general market. We saw there is a lot of action and momentum in the banking stocks on Friday. We saw a good breakout in Axis bank above the Rs 811 level which is the level where the stock was not able to close above those levels in the previous rally. So I think a strong close on Friday indicated that some kind of momentum is expected to continue over the next few days. I think Rs 850 is the short-term target which I am looking at probably it can go higher to Rs 900 if you take a slightly longer term perspective.”
See minimum 10% growth in FY10 sales: Havells India
June 29th, 2009
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Anil Gupta, Joint MD, Havells India, sees a minimum 10% growth in sales for FY10.
Gupta said the company had posted a profit after tax of Rs 49 crore for the quarter and Rs 145 crore after tax for FY09. “We had a very bad third quarter and had a one-time loss of close to about Rs 40 crore because of commodity prices dipping.”
Reliance Industries flares up
June 29th, 2009
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Is NOW a golden opportunity to create wealth?
June 29th, 2009
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Most investors react only after an event has passed. How many people actually invested when markets had crashed? Anyone who would have invested when markets had crashed would have today easily made over 100-150%. As I have always said a Crash is the best to make Cash. Whether life or investing, to succeed you need to strike only when the iron is hot. It doesn’t make sense to invest when the masses are rushing behind something.
Once again the same thing is going to happen with most people. They are going to miss an excellent opportunity. Gold is going to see a massive rally and it is going to surprise most people all over the world. In the past two decades, Gold hasn’t rewarded anybody in real terms. In fact even investors like Warren Buffett have regularly criticised gold. This has caused most people over time to ignore gold. But to create wealth you don’t need to follow the massed, but need to do things that others don’t.
Gold is one of the most complicated assets to analyze. There are no balance sheets or cash flow statements and no PE ratios to look at. To understand Gold you need to be aware of international politics, the situation of the world economy, mining supply, and existing reserves across the world, global currency movements, and even know which country or economy is headed for bankruptcy.
Dewan Housing has target of Rs 170: Gujral
June 29th, 2009
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Technical Analyst, Ashwani Gujral is of the view that Dewan Housing has target of Rs 170.
Gujral told CNBC-TV18, “Dewan Housing had a sharp move; it’s been flat for the last couple of days. So now it’s a good time to get on it from the point of view that the Budget may have something for low cost housing, so that’s the trigger I am looking at. It could have a target of about Rs 170.”