Experts says that the current price of Mindtree is becoming expensive. They say that the Midcap IT companies are looking attractive these days but Mindtree is about 32x which makes it costly and hence not a good stock to enter at the current levels
Add commentMarch 13th, 2007
The markets despite being volatile through out the day and taking no clear direction manged to end in the positive territory.
Sensex ticked 12982.98, just below the 13000 mark and gained 80.35 points. Nifty closed the day at 3770.55 up 35.95 pts
USD/INR is trading at 44.23
Add commentMarch 13th, 2007
Value of deals reported on ICDM on 13th March , 07 , through ICDM System as well as Internet portal is = Rs.28.23 Crs.
Total Number of deals : 41
Please find hereinbelow data on F&O turnover (one sided) for the trade date 13 March 2007.
1.) Sensex Futures = Rs. 850.31 crores.
2.) Reliance Futures = Rs. 54.09 crores.
3.) IDBI Futures=Rs. 3.88 crores.
3.) Total F&O Turnover = Rs. 908.28 crores.
All the above values represent one sided turnover.
Kalyan S. Bose
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Bombay Stock Exchange Ltd.
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Add commentMarch 13th, 2007
NSE Press Release
The media had reports that Helios And Matheson Information Technology Limited may acquire a company in Europe and the US.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Helios And Matheson Information Technology Limited has vide its letter inter-alia stated,”In the said media report, the Company official has expressed the intent to look at a deal in the range of USD 50 to 100 million in Europe/US. The Company constantly scrutinizes various proposals. It normally takes between six and twelve months before a good proposal matures into a workable deal.Further, the company is also evaluating a proposal to set up an off-shore facility at Coimbatore.”
1 commentMarch 13th, 2007
NSE Press Release
The media had reports that Reliance Industries Ltd may acquire a stake in Welspun Gujarat Stahl Rohren Limited.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the companies.
Welspun Gujarat Stahl Rohren Limited has vide its letter inter-alia stated, “In this connection please note that these are pure media speculation and as a company we are not in a position to comment on the same.”
Reliance Industries Ltd has vide its letter inter-alia stated, “Reliance Industries Limited (”RIL”) does not comment on speculative media reports. RIL keeps on evaluating growth opportunities. RIL shall intimate the Stock Exchange, Shareholders and Media about any domestic or international acquisition.”
Add commentMarch 13th, 2007
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