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Indian stock markets - November 3, 2011

Cement Stocks

Angel Broking has given a BUY call on JK Lakshmi Cement. The CMP is at Rs. 43 while the target given is Rs. 52 for an investment period of 12 months.

Add commentNovember 3rd, 2011

Indian markets fail to cheer despite positive US runup yesterday

The SENSEX closed the day at 16146.33 losing 138.65 (-0.85%). NIFTY closed at 4839.60 losing 49.30 (-1.01%). The CNX Midcap last traded at 7193.15 losing 73.15 (-1.01%) while the BSE Smallcap has shut shop at 7099.61 losing 59.03 (-0.82%).

Earlier yesterday, Nasdaq closed at 2,467.69 gaining 21.63 while S&P 500 is at 1,177.60 up 15.25. Steve Jobs resigned as Apple Inc Chief Executive. No specific reason was given but his health issues are believed to be the reason behind the decision. The present CEO Tim Cook who is taking care of the affairs of the company following the illness of Jobs is named as the new CEO.

The US markets (Aug 24, 2011) continued to be in the green for the third straight day after an almost rally like situation in the last hours of trade. Brent Crude is trading above USD 110 mark with the US crude stocks dip. Gold was down sharply and is once again below USD 1,760 levels.

SREI Infra Finance’s (BSE: 523756; NSE: SREINFRA; ISIN: INE872A01014) Chairman and Managing Director Hemant Kanoria said today that it is raising a $1-bn fund to invest in areas such as roads, power and ports. The script closed the day at Rs. 37.30 down by Rs. 0.55 (-1.45%).

Deccan Chronicle is completing its buyback today. The company said that it feels this is the right time to buy 3.45 crore shares at Rs 70/share. Spent nearly Rs 240 crore on the buyback, the company says it will see upside in the future. The script is in the red today. It closed at Rs. 52.40 losing Rs. 3.60 or -6.43%.

The August series is considered the worst since the turmoil of October 2008. Banking stocks are the worst performers in this series.

Top losers of the day include Jaiprakash Asso and Jindal Steel (both down over 4%), HCL Tech, Hero Motocorp, Infosys (all 3 down by over 3%), Axis Bank, SAIL, HDFC, HDFC Bank, Tata Steel, Power Grid Corp and Hindalco (all down over 2%). Top gainers of the day include Ambuja Cements and DLF (both up over 2%), Tata Motors, Reliance Comm and Grasim (all up over a percent) amongst others.

Abhijit Paul of Brics Securities says Ambuja Cements has a target of Rs. 145. The script is currently trading at Rs. 135.85.
Meanwhile, the European markets have opened for trade of Aug 25. The markets are in the green but FTSE 100 has lost its gains and slipped into red.

Add commentAugust 25th, 2011

Global markets gives support to Indian markets on Monday

Thanks to the positive news from global markets, the Indian stock markets managed to close the first day of the week in the green.

Sensex closed the day at 18314.33 up 117.13. The Nifty closed the day at 5516.8 up 34.80. The CNX Midcap Index ended just above the 8000 mark at 8007.35 down 10 points. The BSE Smallcap index is down 21.7 points at 8283.88.
Ranbaxy is up 4.48% in today’s trade. Other leading gainers are Larsen & Toubro, IDFC, Tata Steel and Power Grid, all up over 2%. On the losers end is SAIL that saw investor selling after poor quarterly numbers. SAIL closed the day at 119.90 down 5.1%. Other losing stocks are Reliance Capital, Jindal Steel, Sesa Goa, Sterlite amongst others.

Shree Cements (BSE: 500387 | NSE: SHREECEM | ISIN: INE070A01015) has a bad quarterly numbers but surprisingly the markets didn’t punish the script much today. The script had managed to close at 1789.60 amidst sharp moves post the numbers are out during the latter part of the day. Net profits reduced by 48% YoY. The profits declined to Rs. 55 crores from Rs. 105.9 crores compared to the corresponding period in the last year. The net sales too feel by 9.5% while expenditure increased by 16% largely due to hike in raw material costs.

Add commentAugust 1st, 2011

Flattish trading session on Indian stock markets on June 7, 2011

Indian stock markets had a flattish session at the start but post-lunch the bias is more towards the positive territory. The NSE Nifty gained a modest 24.1 points to close at 5556.15.

Nifty Junior is up 0.73%. CNX IT is up 1.3%, Bank Nifty is up 0.17%. CNX 500 is up 0.55%, Nifty Midcap 50 is up 0.80%.

Top gainers of the day included Sun Pharma, Reliance, JP Associates, Tata Steel, Reliance Capital, Cipla, Infosys, Reliance Infa, TCS and GAIL.

Top losers of the day include Hindustan Unileaver, Hero Honda, L&T, ACC, Wipro, Bajaj Auto, Siemens, Tata Power, SAIL and Ambuja Cements.

Ambuja Cements

Ambuja Cements is having a mixed call by brokerage firms.

Just Trade has given a target of Rs. 149 for 8-10 sessions. Aditya Birla Money however is giving a sell call with a target of Rs. 127. IIFL has a buy call of Rs. 147. Meanwhile, Ambuja Cements Limited (ACL) has reported that is May 2011 production stood at 17.36 lakh tonnes.

Add commentJune 7th, 2011

Securities listed and admitted to dealings - BURNPUR

The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. January 3, 2008. Trading shall be in the Normal Market Segment – Compulsory Demat (Rolling Settlement) for all investors.

 

Sr. No.	Symbol	Name of the Company	ISIN Code
1	BURNPUR	Burnpur Cement Limited	INE817H01014

 

Add commentJanuary 2nd, 2008