Asian Markets :
SGX Nifty : -11.50(5258)
HangSeng: -75.51(21384.50)
Nikkei : -13.41(10841.67)
Recommendations :
Day strategy :
Market will open flat today.Nifty seen a support at 5230 levels.If Nifty sustains below this level can go short with a strict stop loss of 5240.Nifty resists at higher levels like 5280-5300.
Note:Follow Buy recommendations in positive market bias and v.v.
Buy :
BankNifty sl 9055 Trg 9145-9165
BankIndia sl 388.50 Trg 396
Bhel abv 2390
Herohonda sl 1682 Trg 1708
ICICIBank abv 868
Mphasis abv 722
Sesagoa abv 411
Torntpower abv 316
Sell :
Renuka sl 232 Trg 225
Tatasteel below 635
TCS sl 808(Sell on rise)
Results today: Tata Power, Wipro,MRPL, Mind Tree, Sonata Software, Subex, Aditya Birla Money, ENIL, BASF, Elder Pharma, JK Lakshmi Cem, Religare, Shree Ashtavinayak, SRF, Tata Elxsi, Jay Bharat Textiles,Religare Ent,Religare Technova
IPO Update:
Jubilant Foodworks
QIB at 0.35 times, NII at 0.0006 times, Retail at 0.0269 times
Stocks in News :
Sesa Goa consolidated Q3 – numbers above street estimates
(Nos not strictly comparable due to the Dempo acquisition)
Net Sales: Rs 1889.1 crore versus Rs 1360 crore (up 39%)
OPMs at 55% versus 41% (estimated 48%)
Operating profit at Rs 1036 crore versus Rs 560 crore (up 85%)
Net profit at Rs 827 crore versus Rs 471 crore (up 76%)
Other Income: Rs 132 crore versus Rs 61 crore
Net Sales: Rs 1889.1 crore versus Rs 1360 crore (up 39%)
OPMs at 55% versus 41% (estimated 48%)
Operating profit at Rs 1036 crore versus Rs 560 crore (up 85%)
Net profit at Rs 827 crore versus Rs 471 crore (up 76%)
Other Income: Rs 132 crore versus Rs 61 crore
Zee Entertainment (Q3FY10 YoY)
Revenue down 3% to Rs 530.93 crore versus Rs 545.58 crore
OPM at 29.6% versus 22%
PAT at Rs 146.43 crore versus Rs 83.97 crore
Board approves acquisition of 45% additional stake in Ten Sports in an all cash deal
Revenue down 3% to Rs 530.93 crore versus Rs 545.58 crore
OPM at 29.6% versus 22%
PAT at Rs 146.43 crore versus Rs 83.97 crore
Board approves acquisition of 45% additional stake in Ten Sports in an all cash deal
Essar Group lines up Rs 15,000 crore of acquisition & investment
Essar Group
To use proceeds for coal,steel, telecom, refining buys
To acquire Shell's refining assets for up to USD 975 million
To acquire 78.44% stake in South African coal mining company for up to USD 150 million
To acquire 100% in Indonesian company
To buy Indonesia Coal Company for USD 110-120 million, excluding USD 40 million capex
Essar Group
To use proceeds for coal,steel, telecom, refining buys
To acquire Shell's refining assets for up to USD 975 million
To acquire 78.44% stake in South African coal mining company for up to USD 150 million
To acquire 100% in Indonesian company
To buy Indonesia Coal Company for USD 110-120 million, excluding USD 40 million capex
Dalmia Cement Says: Close to raising USD 100-200 million; looking at 10-15% dilution
Gautam Dalmia Says
No IPO for Dalmia Venture for next 12-18 months
Looking at acquisitions in South for sugar business
IPO a possibility for power business
Gautam Dalmia Says
No IPO for Dalmia Venture for next 12-18 months
Looking at acquisitions in South for sugar business
IPO a possibility for power business
Oberoi DRHP exclusive
Company to raise Rs 1500 crore through issue of 39.5 crore shares; company to dilute 12% stake
Company to consider a pre-IPO placement
Company to raise Rs 1500 crore through issue of 39.5 crore shares; company to dilute 12% stake
Company to consider a pre-IPO placement
Navin Fluorine
Net profit at Rs 21.2 crore versus Rs 3.6 crore
Net sales at Rs 96.8 crore versus Rs 87.5 crore
Net profit at Rs 21.2 crore versus Rs 3.6 crore
Net sales at Rs 96.8 crore versus Rs 87.5 crore
Rane (Madras) Ltd
Revenue Rs 109 crore versus Rs 81.45 crore
PAT at Rs 3.7 crore versus loss of Rs 4.18 crore
Revenue Rs 109 crore versus Rs 81.45 crore
PAT at Rs 3.7 crore versus loss of Rs 4.18 crore
Other stocks that are in news today:
Renuka board meeting on January 25 to consider bonus issue
IFCI still in NSE F&O curb
Bharti remains on the lookout for Africa opportunity: Rajan Mittal
Board meets today: Karuturi Global on fund raising
DLF IPL 3 auction of players today
Unitech drops plans to raise USD 700 million via FCCB issue – DNA
L&T plans to raise Rs 20,000 crroe for power business, also considering acquiring coal mines in Australia and Indonesia
Tata Tea ups stake in Mount Everest Mineral Water to 50%, likely to merge with itself.
Renuka board meeting on January 25 to consider bonus issue
IFCI still in NSE F&O curb
Bharti remains on the lookout for Africa opportunity: Rajan Mittal
Board meets today: Karuturi Global on fund raising
DLF IPL 3 auction of players today
Unitech drops plans to raise USD 700 million via FCCB issue – DNA
L&T plans to raise Rs 20,000 crroe for power business, also considering acquiring coal mines in Australia and Indonesia
Tata Tea ups stake in Mount Everest Mineral Water to 50%, likely to merge with itself.
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