Ear to the ground
MERC order may trip Tata Power
THE recent order passed by the MERC on standby charges is expected to have a negative impact on Tata Powers bottomline. According to analysts, Tata Power may have to take a hit of around Rs 65-Rs70 crore in the profits in fiscal 2001-02. Based on these d
evelopments some of the analysts have lowered the EPS by Rs 3.5 to Rs 20.3. Following this, some of the broking firms find limited upside in the share price of the company. On Wednesday, the share ended marginally lower at Rs 131.65, down 1.53 per cent f
rom Tuesdays close.
Impact
Sierra Optima : Termination of orders
THE Sierra Optima stock, which has risen 46 per cent in the recent rally in tech stocks, may be headed for lower levels.
Sandvik Asia: Mop-up operations
THE Sandvik Asia stock may show firm trends ahead of the likely open offer and imminent delisting.
Hindustan Lever: An irrelevant seedling
THE move of Hindustan Lever to transfer its seeds business to a subsidiary may be of marginal significance as far as its stock valuation goes.
Off the ticker
Block deals in Venky's India
EVEN as the market remained range-bound select counters witnessed hectic activities on Wednesday. The following are a few such stocks.
On the hedge
Positive outlook on VSNL, Reliance Petro?
THE sentiment in the derivatives segment was somewhat optimistic, with dealers demanding out-of-the-money index calls and at-the-money equity calls. Here are some of the pointers:
Stocks
Chips up for top-rung IT stocks in dull trade
IT was yet another day of listless trading at the bourses. The cut in interest rates in the US did not have any significant repercussions in the market. After two days of selling pressure, buying interest returned to some of the top-rung technology stock
s. But the market ended the day on a negative note, pulled down to partially on account of selling interest in select cement shares.
Overseas listing plans fuel rally in Orient Info?
THE Mumbai-based Orient Information Technologies Ltd has revived its plans of an international listing through a Global Depository Receipts (GDR) issue and a listing on the London Stock Exchange (LSE). The company expects to be listed by mid-February, 20
02.
Technical Analysis
Bears dominate
RIGHT from the initial hours of Wednesdays trading, the bears were in total control of the days proceedings. The sentiment reading of the tradable counters stands mildly in favour of the bulls. Bull domination on Thursday is likely to strengthen the prev
ailing bullish sentiment. On the contrary, the sentiment reading is likely to neutralised.
