STOCKS


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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Moneylife Digital Team 28 June 2012
The FTSE rose 2%, the S & P 500, the Nasdaq Composite and the Korean Composite rose 1% each, while the Shanghai Composite fell 2%.  

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Moneylife Digital Team 28 June 2012
Surana Infocom Pvt Ltd bought 26,657 shares of Surana Telecom and Power Ltd (stake up to 2.85%). DS Kulkarni, chairman and managing director DS Kulkarni Developers Ltd, bought 22,096 shares in the company (stake up to 15.4%). Shriram Capital Ltd bought 1,60,174 shares in Shriram Transport...

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Moneylife Digital Team 28 June 2012
  Shares of construction, engineering and infrastructure companies soared 7%, banks and energy companies’ stocks advanced 5% each. Trading companies’ stocks tumbled 7%, glass companies’ stocks declined 5% and consumer durables companies’ stocks fell 4%.

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Moneylife Digital Team 27 June 2012
The Nifty may move sideways with a negative bias in the range of 5,060 to 5,155 The volatile market settled higher on hopes that the prime minister, who has kept the finance portfolio, will create a path for economic reforms. On a higher volume of 53.36 crore on the National Stock...

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Moneylife Digital Team 26 June 2012
Strong recovery in the closing hour helped the indices close in the positive   After being range-bound near the previous day’s close for most part of the trading session, a good recovery in the last hour enabled a green close. Yesterday we mentioned that a strong close below the day’s...

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MDT/PTI 26 June 2012
According to the ratings agency, revenue growth in the April-June quarter is forecast to drop to around 14% from 17.5% a year ago, given the slowdown in economic activity and gross fixed investments   Mumbai: With 15 out of 26 sectors facing severe margin pressure due to higher...

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The path of least resistance is higher The market is behaving as if it wants to head higher. But, of course, in these days of volatile but directionless move, by the time you get this issue in hand, the market would have gone up and down a few times down and yet stayed at exactly the...

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