Posts filed under 'Tea & Coffee'
The Indian stock markets have undone yesterday losses reaffirming that U-course (reversal of trend) was not immediate but a little distance ahead. The news that FIIs have pumped in 10,000 crores has boosted the morale as Sensex have been reporting the best results since September 2010.
The SENSEX closed at 17193.55 gaining 330.25 (1.96%) points while the NIFTY closed at 5199.25 jumping up 111.95 (2.20%). The CNX Midcap closed at 7100.55 adding 160.80 (2.32%) points while the BSE Smallcap closed at 6463.30 adding 89.71 (1.41%) points. Hence, the market gains of the day are across the board.
Media reports say that Fidelity is considering an exit from the Mutual Fund business in India. Earlier similar news (or rumours) are out that Bharti wants to come out of its Bharti AXA AMC. These news, experts believe, are a thumbs down to the morale of the Indian mutual fund market that has been witness some sea changes in the recent past.
ICICI Bank has beat street estimates with some good Q3 numbers. The bank’s net is up 20% to Rs 1,728 cr. ICICI Bank is up at Rs. 902.15 gaining Rs. 49.95 (5.86%) with a volume of 10.27m shares traded today.
Government will infuse up to Rs 7,900 crore via preferential allotment share issue into SBI. SBI is up at Rs. 2061.60 gaining 76.35 (3.85%) with a volume of 2.98m shares traded.
Tata Global Beverages enters into JV with Starbucks group to operate Starbucks outlet in India and there by entering into the highly competitive high-end retail coffee drinks business. Tata Global Beverages closed at Rs. 107.75 gaining Rs. 9.85 (10.06%) with a volume of 17.92m shares traded.
January 31st, 2012
Closing prices as of 11 Oct 2011
SENSEX 16536.47 -20.76 (-0.13%) NIFTY 4974.35 -5.25 (-0.11%) CNX Midcap 6997.75 10.85 (0.16%) BSE Smallcap 6802.09 15.13 (0.22%).
Top gainers: Tata Motors, NTPC, Sesa Goa, SAIL, Sun Pharma, Bharti Airtel (up over 3% each), Hindalco, Jindal Steel and PNB (up over 2% each)
Top losers: Infosys (down over 3%), HCL Tech, TCS, ONGC and Wipro (down over 2% each)
Trouble at Maruti’s Manesar plant continues with the strike entering into the 5th day. The strike by workers at Suzuki Powertrain India (SPIL) and Suzuki Motorcycle India in support of their colleagues at Maruti’s Manesar plant also continued becoming to appear like a nightmare for Maruti. Maruti Suzuki India (BSE: 532500; NSE: MARUTI; ISIN: INE585B01010) closed marginally in the green at Rs. 1074.75 up Rs. 1.55 (0.14%).
Tata Coffee (BSE: 532301; NSE: TATACOFFEE; ISIN: INE493A01019) which zoomed 10+% yesterday after news of JV with Starbucks to open coffee outlets cooled off a little bit today. The script ended at Rs. 888.20 down Rs. 2.15 (-0.24%) on the BSE.
A small union of Dhanlaxmi Bank, AIBOC Kerala State Union is holding a dharna against Dhanlaxmi Bank. The Union says the bank is playing risky with public money invested in the bank. Dhanlaxmi Bank stock shaked a bit and tested the 52-week low but later cooled when the management came out and said that all is well with the bank. The script closed at Rs. 64.60 losing Rs. 6.90 (-9.65%) amidst a volume of 36.71m shares.
Infosys (BSE: 500209; NSE: INFY; ISIN: INE009A01021) was under pressure today ahead of its quarterly results announcement tomorrow. Kotak earlier said it feels the Infosys Management would give a downward revision of its $ revenue targets considering the situation in the west. Infosys is down Rs. 82.10 or 3.17% and closed at Rs. 2509.20.
October 11th, 2011
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
Mcleod Russel (India) is one of the leading company into the tea business. The McLeod Russel stock is getting Mutual Funds buying interest in recent times. While Principal Mutual Fund increased its exposure, Sundaram Mutual Fund has added the script.
Mcleod is trading at Rs. 65.3 levels today.
March 11th, 2008