MARKETS
RECOMMENDATION:
Lakshmi Overseas Industries (Rs 94.20): Buy
We recommend a buy in Lakshmi Overseas Industries from a short-term perspective. It is evident from the charts of the stock that following a medium-term downtrend from its June peak of Rs 122 halted at the July low of Rs 68. Since then the ...
RECOMMENDATION:
Day Trading Guide
Fresh long position can be initiated only if DLF exceeds Rs 385, with tight stop-loss. Buy ICICI Bank in dips with stiff stop-loss at Rs 698. Initiate fresh short-position only if ...
IPOS:
NHPC public issue subscribed 23.7 times
Mumbai, Aug. 12 The initial public offer of the state-run hydropower company, NHPC, was subscribed 23.72 times. The issue, which closed on Wednesday, received bids for 3,979 crore shares against the 168 crore shares on offer, according to ...
MUTUAL FUNDS:
Equity fund inflows rise 44% this fiscal
Only 7.7% added to assets managed. BL Research Bureau The stock market rally since March has prompted retail investors to commit fresh money to ...
STOCKS:
Iron ore stocks dip on royalty plan
Sesa Goa tumbles 9% on new proposals. Mumbai, Aug. 12 Stocks of select iron ore mining company fell sharply on Wednesday following reports that the Government has approved a proposal to impose 10 per cent royalty on iron ...
STOCKS:
Delisting plans propel Elantas Beck
Minority shareholders expect higher exit price. The Elantas Beck stock, on Wednesday, hit the 10 per cent upper circuit at Rs 397.80 on the ...
IPOS:
NHPC may be listed by Sept first week
Mumbai, Aug 12 Shares of NHPC, whose IPO closed on Wednesday, is expected to be listed by the first week of September, merchant bankers to the ...
IPOS:
Raj Oil Mills ends weak on Day 1 of listing
Mumbai, Aug. 12 Raj Oil Mills made its debut on the BSE at a premium of four per cent over its issue price of Rs 120 on ...
DERIVATIVES MARKETS:
Tata Steel adds 19 lakh shares in open interest
Chennai, Aug. 12 Turnover improved sharply to Rs 73,347.15 crore on Wednesday. The Nifty August futures, which was trailing the Nifty spot, also turned into premium, thanks to a sharp recovery during the closing hours. It closed at 4,460 ...
Columnists:
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Harish Bijoor
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Ramanujam Sridhar
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S Ramesh Kumar
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Radhika Chada
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