Posts filed under 'Engineering'
The markets opened the day with a weak start. By noon, the indices are at their bottoms. When the European markets showing some positive signals, the markets began to recover and come back to opening levels. SENSEX finally closed the day at 17058.61 losing 63.01 (-0.37%) points. NIFTY closed at 5178.85 down 15.90 (-0.31%). The CNX Midcap managed to close in the green at 7517.70 gaining 19.35 (0.26%) while the BSE Smallcap closed at 6496.80 up 45.31 (0.7%).
IVRCL was in news for corporate action reasons and even before that there was some positions bulding up in the stock. Both these have helped the script to zoom in in the last two trading sessions. The script saw some more position build up today as well. The script closed the day at Rs. 64.65 up 7.66%.
DoT is set to impose Rs 1000 crore fine on Airtel, Vodafone, Idea for violating 3G licence conditions. Bharti Airtel ended the day at Rs. 332.15 losing Rs. 5.60 (-1.66%) today.
March 29th, 2012
As anticipated by the experts, the markets are taking a reversal of course after having conquered some key resistance levels. The 5200 mark was hardly held and the markets have cracked a bit today with the Nifty slipping 117.40 points and closed the day at 5087.30 (-2.26%). The SENSEX closed at 16863.30 losing 370.68 (-2.15%).
The CNX Midcap ended at 6939.75 down 149.90 (-2.11%) while BSE Smallcap closed at 6373.59 slipping 118.10 (-1.82%).
A look at sectoral indices will show who was the reason behind the fall today. It is none other than the Capital Goods who have seen some sharp upward move in the past few days. The BSE Capital Goods index is down 5.55% while the BSE Power and Realty are down over 3% each.
Top losers of the day is lead by BHEL which slipped 10.76%. Sterlite Ind and Jaiprakash Asso are down over 6% each. Larsen, Sesa Goa and Mah and Mah are down over 5% each. Hindalco, SAIL, Bharti Airtel, Axis Bank, IDFC and ICICI Bank are down over 4% each while Tata Steel, Reliance Comm, Reliance and DLF are down over 3% each.
BHEL’s Q3 PAT went up 2% at Rs 1432 cr and total income rose 19% to Rs 10743 cr YoY.
January 30th, 2012
The SENSEX closed at 16557.23 gaining 324.69 (2.00%). The Nifty is close to 5k levels but couldn’t breach the mark and closed the day at 4979.60 gaining 91.55 (1.87%). The CNX Midcap closed at 6986.90 adding 92.75 points (1.35%). The BSE Smallcap ended 6786.96 adding 65.41 points (0.97%).
The Draft National Telecom Policy 2011 was released today by Telecom Minister Kapil Sibal. Highlights of the draft includes a ‘One nation one licence’ which means that there will no roaming charges. Also on cards is broadband on demand, convergence of svervices will cover voice, data, video, internet, VAS. The policy aims to have 100% tele density by 2020 and to promote Made-in-India telecom hardware. The final version of the policy is expected to be released in December.
BHEL has bagged an order for Rs 4,071 crore from Singareni Collieries. The script was up 2.29% at Rs. 332.50 gaining Rs. 7.45 amidst a volume of 1.57m shares traded today.
Tata Coffee is likely to announce a JV with Starbucks in 2 weeks. The script zoomed 10.57% and closed at Rs. 889.00 up Rs. 84.95.
October 10th, 2011
The Indian stock markets had a rather flattish session today with not much gain or pain out of trades today from the large cap segment but there are indeed some nice positives in the midcap space.
The Sensex closed at 17065.15 losing 34.13 or 0.20% while similar trend is seen on NIFTY which closed at 5133.25 points losing 6.95 or -0.14%. The CNX Midcap however closed at 7468.00 gaining 76.50 points or 1.03% and the BSE Smallcap closed at 7352.01 gaining 51.84 or 0.71%.
The Asian markets are largely positive except for Hang Seng which was down 190 points. The Europe opened for trades for Sep 21 and are trading in the red. Earlier yesterday (Sep 20), the US markets closed with mixed indications. Dow Jones was marginally in the red while Nasdaq is down 22 points at 2590.24.
Top gainers of the day includes Siemens, Ambuja Cements and ICICI Bank (all up over 2%), Jaiprakash Associates, SAIL, Wipro, Grasim, Reliance Communications and Axis Bank (all up over 1% each). On the losers end are Hero Motocorp (down over 3%), Hindalco, Maruti Suzuki, Cairn India (all three down over 2% each), Reliance, Bajaj Auto, Sesa Goa, TCS, HUL and GAIL (all down over 1% each).
Lumax Industries (BSE: 517206; NSE: LUMAXIND; ISIN: INE162B01018) is in news after reports emerged that Stanley Electric will be acquiring the Indian promoter’s 37% equity in Lumax Industries leading to a possible open offer. The script surged 4.04% and closed at Rs. 395.30 up Rs. 15.35 with a volume of 547.85k shares traded.
State Bank of India (BSE: 500112; NSE: SBIN; ISIN: INE062A01012) managed to close the day above the Rs. 2000 mark. The script closed the day at Rs. 2009.60 up Rs. 18.90 or 0.95% with a volume of 3.26m shares traded. SBI announced that it will offer a 25 bps concession on floating home loan rate. It will offer 25 bps concession on home loans till Dec 31.
September 21st, 2011
Engineering company Punj Lloyd gained Rs. 6 or 4.57% in trade today. The stock opened at Rs. 132 on NSE and has hit a high of Rs. 138.20 and a low of Rs. 130.25 before closing at Rs. 137.40.
The stock is trading at Rs. 131 levels till 2:30 or so and has suddenly jumped up to day highs of Rs. 138.20.
Earlier today, Angel Broking has given a buy recommendation to the stock. The brokerage has given a target of Rs. 156 to the script.
On October 1, 2010, Punj Lloyd said its subsidiary Sembawang Engineers and Constructors Pte. Limited has won a contract worth Rs. 614 Crores (S$ 180.6 million) from PUB, the national water agency of Singapore for construction of a new 60 Million Imperial Gallons of Water (MIGD) waterworks at Lower Seletar at the junction of Western Road Link (also known as Seletar West Link) and the Setetar Expressway (SLE). The Company has submitted to BSE a copy of Press Release in this regards.
On September 29, 2010, Punj Lloyd announced that PL Engineering Limited, a Punj Lloyd Group Company has entered into a partnering agreement with Nuvia India Pvt. Ltd, part of Nuvia, a French major providing engineering and technical support for the nuclear power sector.
October 4th, 2010