Advice for – Friday, July 31, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 31, 2009 at 8:49 am
Yesterday: Indian Stock Market closed positive with 200 points on the sensex led by short-covering in the bank shares specially ICICI and SBI. The positive global cues were also supporting the market to stay above 4550 on the nifty.   Today: Indian Stock Market is expected to open positive say 40-50 points on nifty. But now 15600 is a big resistive zone for the market & still market up-move is driven ...

FII and DII Activity on Thursday, July 30, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 30, 2009 at 9:07 pm
FII and DII activity that was seen on Thursday, July 30, 2009 is shown below. The report shows that FII were net buyers of Rs 366.81 crore where as DII saw sellers of Rs 286.67 crore.    ...

Adani Power IPO Subscribe 6.86 times on Third Day

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 9:06 pm
IPO of Adani Power subscribe almost seven times on the third day of the IPO. Tomorrow is the last day of IPO & present grey market premium is 15rs. As on Date...

State Bank of India declared Q1: net up 42 pc, way ahead expectation

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:44 pm
The country's largest lender, SBI, today reported a growth rate of 42 per cent in net profit at Rs 2,330.37 crore for the first quarter ended June 30, 2009.      The bank has a net profit of Rs 1,640.79 crore in the same quarter of the last fiscal. Total income during the quarter rose by 29.8 per cent to Rs 21,041.51 crore from Rs 16,203.07 crore in the same period last year.      During the quarter, interest income of the bank grew by 26.6 per cent to Rs 17,473 crore from Rs 13,799 crore in the same quarter previous fiscal.     ...

Adani Enterprises declared Q1: net rises 36% at Rs 127 cr

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:40 pm
Adani Enterprises today posted an over 36 per cent rise in its consolidated net profit to Rs 127.67 crore for the first quarter ended June 30. The consolidated total income of the company also rose to Rs 6,389.61 crore during the April-June period of the current financial year from Rs 5,051.80 crore in the same quarter last year. On a standalone basis, the company registered a net profit of Rs 78.73 crore during the latest quarter of FY10, up by over 17 per cent. Shares of Adani Enterprises today closed at Rs 827.10, ...

Reliance Infra declared Q1: net up 25 pc

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:38 pm
Anil Ambani group firm Reliance Infrastructure on Thursday reported a net profit of Rs 316.57 crore for the first quarter ended June 30, 2009   Total income rose to Rs 2,690.51 crore during the April-June quarter from Rs 2,400.55 crore in the same period last fiscal.   At the end of June quarter, the company's cash ...

Educomp Solutions declared Q1: net jumps two-fold to Rs 36 cr

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:35 pm
IT education services provider Educomp Solutions on Thursday said its consolidated net profit surged two-fold to Rs 36.27 crore in the first quarter.   Total revenue rose to Rs 209.17 crore in the latest quarter, against Rs 89.12 crore in the same period last year.   On a standalone basis, the net profit of the company jumped two-fold to Rs 36.27 crore in the quarter ended June, 30. Total ...

GMR Infra board approves stock split

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 8:32 pm
GMR Infrastructure Limited has informed the Exchange that:   1) The Board of Directors of the Company, in its meeting held on July 30, 2009, accorded approval for sub-division of all its equity shares of Rs.2/- each into 2 equity shares of Re.1/- each (per share), subject to the approval of members of the Company at the forthcoming Annual General Meeting.  ...

Advice for – Thursday, July 30, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 9:06 am
Yesterday: Indian Stock Market opened flat and went down sharply in the afternoon session mainly due to china market as china government cut Gasoline price and asked financial institution to pull out some percentage of their money from financial system which pulled down all the Asian market.   Today: Indian Stock Market is expected to open flat and would remain highly volatile as today is a last day of F&O expiry. ...

FII and DII Activity on Wednesday, July 29, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 29, 2009 at 7:31 pm
FII and DII activity that was seen on Wednesday, July 29, 2009 is shown below. The report shows that FII were net sellers of Rs 168.7 crore where as DII saw buyers of Rs 126.23 crore.    ...

Advice for – Wednesday, July 29, 2009

  • SOURCE: EquityPandit.com | Written by D.J. Shah on at 8:37 am
Yesterday: Indian Stock Market opened negative mainly because of negative global cues n remained volatile as due to last days of F&O expiry.   Today: Indian Stock Market is expected to open flat n expected to remain volatile. As a trader I would like to stay outside the market & would wait for the right level to come n than I would take stock specific action. Also today we had big corporate earnings so lot will depend on that. ...

Adani Power Ltd IPO subscribed 3.96 times on it’s 1st day

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 28, 2009 at 10:29 pm
On its first day Adani Power IPO subscribe almost four times got excellent response from investors.   Due to good response the Grey market premium picked up from 10rs to 15rs.  ...

FII and DII Activity on Tuesday, July 28, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 7:57 pm
FII and DII activity that was seen on Tuesday, July 28, 2009 is shown below. The report shows that FII were net seller of Rs 58.76 crore where as DII saw buying of Rs 448.22 crore.    ...

Advice for – Tuesday, July 28, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on at 9:04 am
Yesterday: Indian Stock Market opened flat due to RIL’s bad result. It went up in early trading session but afterwards it was quite volatile and closed flat. Yesterday the interesting thing was RIL has not melt up as it was expected and it was very surprising that most FII’s still maintain their Hold/Buy rating in RIL well of course this was because they increase their holding in RIL since last two month but technically as well as fundamentally RIL would be underperformer in the market and that’s for sure....

FII and DII Activity on Monday, July 27, 2009

  • SOURCE: EquityPandit.com | Written by Abhishek Parakh on July 27, 2009 at 7:08 pm
FII and DII activity that was seen on Monday, July 27, 2009 is shown below. The report shows that FII were net buyers of Rs 439.54 crore where as DII saw sellers of Rs 278.97 crore.    ...