STOCKS


The RINL IPO has already been deferred once by three weeks after suggestions of the merchant bankers in view of the subdued market conditions New Delhi: State-run Rashtriya Ispat Nigam Ltd's (RINL) appeal to defer its Rs2,500 crore initial public offering (IPO) in view of a fire at its...

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Moneylife Digital Team 03 July 2012
Higher high and higher low on the Nifty continues for the third day in a row The market closed with minor gains as selling in FMCG and IT sectors capped gains. Nifty managed to make a higher high and a higher low but closed marginally in the positive. The National Stock Exchange (NSE)...

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Moneylife Digital Team 02 July 2012
Four-day upmove on the Nifty paused for breath today The market settled marginally down amid volatile trade snapping its four-day winning streak on profit booking. We had mentioned in our Friday's closing report that the Nifty may rise to the level of 5,500 subject to dips. We continue...

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Under the proposed scheme, the investors would be allowed to invest up to Rs50,000 in a year, with a lock-in period of 3 years New Delhi: The finance ministry is likely to come out with details of the Rajiv Gandhi Equity Scheme, which is aimed at boosting retail investments in capital...

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Nifty may move up to the level of 5,500 The market settled higher in the week on positive domestic factors and global cues, making it the fourth successive weekly gain. The draft guidelines on the general anti-avoidance rules (GAAR) released by the finance ministry on Thursday and the...

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Vidur Pendharkar 30 June 2012
The weekly averages continue to be negatively phased despite the sharp rise indicating that one should exit long positions at current levels as well as any further rise   S&P Nifty close: 5,278     Market Trend Short Term: Up               Medium Term: Down      ...

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Moneylife Digital Team 29 June 2012
The Nifty may make an upmove to the level of 5,500 subject to dips With most of the Asian indices opening in the positive, the Sensex and the Nifty opened strongly higher on news of the European leaders having come up with a plan for a single financial supervisory mechanism for the...

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A sharp decline in oil price, temporary resolution to the Euro crisis, updgrades by foreign broking houses have emboldened the bulls. Now, will the PM deliver? Indian stocks have turned bullish thanks to the fact that several stars have lined up to create a positive environment for...

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Moneylife Digital Team 28 June 2012
In a rare streak of sideways move, the market is moving in a tight range. The Nifty should break out of the range of 5,080 and 5,160, to set a trend Most of the Asian indices opened in the positive except Hang Seng and so did the Sensex and Nifty. The Sensex opened at 16,986 while the...

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Moneylife Digital Team 28 June 2012
As government hiked petrol prices by Rs7.50 per litre, trading volumes of three oil companies, namely, Indian Oil Corporation, Hindustan Petroleum Corporation and Bharat Petroleum Corporation, surged.  These companies are highly dependent on oil prices and arbitrary government policies and...

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Moneylife Digital Team 28 June 2012
Swaraj Engines (SEL) is a unique company. It was set up by the Punjab government’s industrial development arm in 1986, in technical and financial collaboration with Kirloskar Oil Engines Ltd (KOEL). It was to manufacture diesel engines for sole supply for tractors to be manufactured by Punjab...

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Moneylife Digital Team 28 June 2012
Yuken India (YIL) is a listed company; 40% of its shares are held by Yuken Kogyo Company, Japan (YKC) and the rest by financial institutions, Indian promoters and the public. YIL’s product range includes pumps and valves and it serves major industrial segments including steel plants and steel...

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Moneylife Digital Team 28 June 2012
GlaxoSmithKline moved up 6%, PTC jumped 9%,while Wabco India tanked 3%, Colgate went down 7%   Gainers: PTC India Ltd jumped 9%. GlaxoSmithKline Consumer Healthcare moved up 6% on positive news of its American counterpart discovering a new drug to treat patients with advanced...

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Moneylife Digital Team 28 June 2012
V-Guard Industries skyrocketed 16%, Lupin moved up 3%, while Munjal Auto tanked 8%   Gainers: V-Guard Industries, a south-based electrical and electronic appliance-maker, saw its operating profits grow at 70% year-on-year. The stock skyrocketed 16%. Hero MotoCorp has unveiled its...

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Moneylife Digital Team 28 June 2012
  We have introduced two new stocks to our—Swaraj Engines Ltd and Yuken India Ltd. Details of these stocks can be found in our Street Beat section on Pages 30 and 31 respectively. This time, there has not been any exit trigger. The composition of the stocks remains the same, with...

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Moneylife Digital Team 28 June 2012
The large number of changes to the list this time was caused by the rush of financial results that have changed the ranking. Also, remember we can showcase just 70 stocks here. We do not expect the list to change much until the June quarter results have all flowed in. Of course, apart from...

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Moneylife Digital Team 28 June 2012
The Sensex and the Nifty both rose 3% in the fortnight. The ML Mega-cap Index rose 2%. The ML Micro-cap Index, the ML Small-cap Index, the ML Mid-cap Index and the ML Large-cap Index ended flat.  

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Moneylife Digital Team 28 June 2012
Foreigners:  Foreign institutional investors were net sellers of stocks (Rs868.80 crore). They sold shares worth Rs24,519.74 crore.   Indians: Domestic institutional investors were net buyers of equities (Rs1,339.61 crore). They bought shares worth Rs9,709.83 crore.  

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Moneylife Digital Team 28 June 2012
Shares of construction, engineering and infrastructure companies were in demand. Unity Infraprojects soared 14%, Dredging Corporation of India advanced 13% and Jaiprakash Associates moved up 12%.  

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Moneylife Digital Team 28 June 2012
Consumer durables companies’ stocks were punished. Bajaj Electricals tumbled 18%, Sharp India declined 7%, Surya Roshni and Bata India fell 6% each. VIP Industries and Samtel Color fell 5% each.   

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