Mahindra Holidays and Resorts India (MHRIL) ended its first trading session with a premium of 5.82% to its issue price of Rs 300. The share closed at Rs 317.45 on the NSE.
It touched an intraday high of Rs 374.50 and intraday low of Rs 311.35. The total traded quantity was 1, 27, 46,398 shares and turnover was at Rs 41452.56 lakh. On the BSE, the share closed at Rs 317.10 at a premium of 5.57% to its issue price. It touched an intraday high of Rs 339.70 and intraday low of ...
India's largest engineering and construction firm, Larsen & Toubro Ltd, said its quarterly profit tripled, helped by an exceptional gain from sale of its investment in UltraTech Cement.
The profit stood at Rs 851.35 crore in Q1 of FY 2010 as compared to Rs 755.08 crore it earned in the corresponding quarter last year. However, the profit after tax including exceptional item increased by 218 per cent at Rs 1598.20 crore in the first quarter as compared to Rs 502.44 crore it earned in Q1 of previous financial year.
Net sales rose to Rs 7,360 crore from Rs 6,900 crore.
The company's stock was trading at Rs 1,391.70 crore, ...
FII and DII activity that was seen on Thursday, July 16, 2009 is shown below. The report shows that FII were net buyers of Rs 32.37 crore where as DII saw sellers of Rs 35.02 crore.
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Yesterday: As we predicted, Indian Stock Market opened with a bull gap and went up continuously. Market closed above its crucial resistance of 4200.
Today: Indian Stock Market is expected to open with big bull gap about 50-60 points on the nifty but again market would see some profit booking so we advice to book the profits in the market wait till ...
FII and DII activity that was seen on Wednesday, July 15, 2009 is shown below. The report shows that FII were net buyers of Rs 255.46 crore where as DII saw buying of Rs 272.97 crore.
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Mahindra Holidays and Resorts India (MHRIL), a part of the Mahindra Group, will list its equity shares on the BSE and NSE on July 16 (Thursday). It has been fixed its issue price at Rs 300 a share. The price band was between Rs 275-325 a share.
Grey Market premium of the company is somewhere around 30 Rs.& it is expected that stock would traded above it’s listing price....
IDBI Bank today posted a marginal 7.56 per cent rise in its Q1 net profit at Rs 172 crore as compared to Rs 160 crore in the year-ago period.
Total income of the lender jumped to Rs 4,219 crore as compared to Rs 2,756 crore a year ago, an IDBI Bank press release said.
IDBI Bank's fee-based income, during the period, went upto Rs 252 crore as compared to Rs 152 crore in the same period in last year.
The lender made a total provisioning of Rs 584 crore in the quarter as compared to Rs 59 crore in the same ...
Yesterday: As Predicted by us, Market opened in the green and traded above its resistance level of 4035. As we said if it traded continuously above 4035, than next target is 4100 which was achieved yesterday.
Today: Indian Stock Market is expected to open with narrow positive gap say 15-20 points on the nifty and we will see stock specific action ...
FII and DII activity that was seen on Tuesday, July 14, 2009 is shown below. The report shows that FII were net buyers of Rs 87.23 crore where as DII saw buying of Rs 200.29 crore.
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Today Axis Bank declared it’s Q1 results which is well above estimates thanks to sharp rise in trading income. Axis Bank report a Rs 562.04 cr net profit for the quarter ended June 30 - a 70.2% rise over Rs 330.14 cr in the first quarter of `08-09. The bank results have beaten analyst expectation of a a net profit of around Rs 500cr.
This is the eighth consecutive quarter that the bank has reported net profits of above 60%. Also in 36 out of the last 38 quarters the bank has now managed to report a profit of above 30%.
During the quarter, ...
Today’s India’s of the biggest private bank HDFC declared its first quarter result which is in line with market expectation. A sharp rise in other income helped HDFC Bank to report a 30.5% rise in net profit for the first quarter ended June 30, 2009 to Rs 606.11 cr from Rs 464.35 cr.
The total income of the bank rose 21.86% to Rs 5136.75 cr. While interest income rose marginally by 13% to Rs 4093.1 cr while other income rose 75.87% to Rs 1043.65 cr from Rs 593.42 cr. The largest contributor to other income’ was fees and commissions of Rs.649.3 crore which was up 27.0% over the previous year. The other ...
Adani Power, part of the Adani enterprises, will hit the market with its initial public offer on July28 to raise Rs 2,200 crore for funding expansion plans.
Market regulator SEBI has approved the company's initial public offer, a company official said, adding the issue is likely to hit on July 28.
The company will offload 33.7 crore equity shares through the IPO after which the promoter holding in the power firm will come down to about 73.5 per cent.
It intends to utilize the issue proceeds for partly financing the construction and development of Mundra Phase IV Power Project, for 1,980 MW and funding equity contribution in the subsidiary Adani Power Maharashtra ...
Is really a home insurance necessary?
Home insurance, which is also termed as homeowners insurance is a property or building insurance that takes care of the damages of homes and its assets or items which it contains caused by natural calamities . There is ample number of reasons for people buying or requesting these home insurance quotes online. The ...
Yesterday: As predicted by us, Indian Stock market open down with more than 1% and in second half it recovered again due to short covering. Sensex closed with 100 points down.
Today: Indian Stock Market is expected to open positive with almost 40 points in Nifty. It would be very interesting to see whether nifty would breach and trade above resistance of 4035. And if it closes above or nearer to that range 4100 is the next target on nifty.
Note: Stocks to trade for intraday, ...
FII and DII activity that was seen on Friday, July 13, 2009 is shown below. The report shows that FII were net sellers of Rs 559.23 crore where as DII saw buying of Rs 742.26 crore.
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