BSE Sensex: (13570) we said ‘but the F&O expiry could spoil the fun’ and market cracked closing in the negative. Indicators are weak but a bounce to around 13800 is possible. It is caution time.
Parag Parikh Financial Advisory Services has maintained its buy rating on Aban Offshore with a target of Rs 3278.5 in its September 23, 2008 research report. “In our initiating coverage report on the Offshore Sector, we had valued Aban Offshore Ltd. on DCF valuation method. Taking all the new contracts into consideration & looking at the current financial market conditions, we are now changing our discounting rate from 13% earlier to 14%. We reiterate our BUY call on the scrip with a price target of Rs 3278.5,” says Parag Parikh Financial Advisory Services’ research report.
Technology firm Moser Baer India on Tuesday said its photo-voltaic subsidiary has raised Rs 415 crore from a consortium of global investors to fund its expansion plans.
CRISIL Ltd has revised the credit rating of the Rs 30 bn and Rs 60 bn short term debentures of DSP Merrill Lynch Capital Ltd to “P1+†and “P1+(so)†respectively, which signifies that the debentures are under ‘Rating Watch with Developing Implications’.
Hello Investors’ One Question is running in my mind from last couple of weeks “WHY INDIANS ARE SO OPTIMISTIC ABOUT BULL MARKET IN COMING FUTURE”?? The answer to this question may throw some light on the feelings of Indian man about its market / the future growth on India / the rising Indian economy. Indian economy is no doubt on the growth path and truly it will rise exponentially in future to come. The financial black hole has eaten up some biggest financial firms in USA last week; Lehman Brother, Merrill and AIG (who begs loans for government for its survival) are name to few.
Telecom Ministry says that BSNL union feedback is positive on IPO, but has some reservations, reports CNBC-TV18.
Technical Analyst, Rajat K Bose is of the view that Indiabulls Real Estate can come down to Rs 185-190.
Citigroup has kept a buy rating on Tulip Telecom with a target of Rs 1220, reports CNBC-TV18.
Sajiv Dhawan of JV Capital Services is of the view that one can hold Ranbaxy Laboratories.
Punj Lloyd, a globally diversified services and development specialist, has been awarded the Engineering, Procurement, Installation, and Commissioning of Strategic Gas Transmission Project, worth USD 800 million (Rs 3636 crores), from Qatar Petroleum. The project includes laying of 211 km of pipeline with associated stations and infrastructure.
Technical Analyst, Rajat K Bose is of the view that one can buy sugar stocks at lower levels with a medium-term view.