Buzzing Stocks

Petronet LNG Q4 net profit soars 70%; declares dividend of Rs 1.75 per share

Petronet LNG Q4 net profit soars 70%; declares dividend of Rs 1.75 per sharePetronet LNG, the nation's largest liquefied natural gas importer, on Tuesday reported 70.24% surge in its net profit for the fourth quarter ended March 31.

The company posted net profit of Rs 204.35 crore, against Rs 120.03 crore in the same quarter ended March 31, 2008.

Further, during the quarter, total operating income of the company also rose to Rs 2,654.88 crore, as against Rs 1,752.65 crore in the same quarter of the previous fiscal.

Britannia Industries inks pact with Mauritius-based firm to acquire stake

britanniaThe 117-year-old biscuit major Britannia Industries has entered into an agreement with Fonterra Brands (Mauritius Holding) Ltd, Mauritius, for acquiring the latter's 49% Equity and Preference shareholding in Britannia New Zealand Foods Pvt. Ltd (BNZF), their joint venture company engaged in Dairy business.

With this acquisition, Britannia along with its wholly owned subsidiary will hold the entire equity and preference capital of BNZF. The acquisition is subject to Reserve Bank of India approval.

Bank of Baroda Q4 net shoots up 172%; declares dividend of Rs 9 per share

Bank of Baroda Q4 net shoots up 172%; declares dividend of Rs 9 per shareBank of Baroda, the sixth largest bank of India, has reported growth of 172% in its net profit at Rs 752.69 crore for the fourth quarter ended March 31, 2009.

The bank had a net profit of Rs 276.44 crore in the March quarter of FY'08.

Further, the lender has registered 28.50 per cent jump in its total income to Rs 4,992.41 crore during the March quarter, from Rs 3,885 crore in the corresponding quarter last fiscal.

Buy ABB Ltd At Rs 463, Target 540: Hunny Tarika, Fairwealth Securities

Buy ABB Ltd At Rs 463, Target 540: Hunny Tarika, Fairwealth SecuritiesTechnical analyst Hunny Tarika, Fairwealth Securities has maintained ‘Buy’ rating on ABB Ltd stock to achieve a target of Rs 540.

According to Tarika, interested investors can buy the stock around Rs 463 with a stop loss of Rs 429.

Buy Rolta India

ROLTAStock market analysts are bullish on Rolta India and maintained 'Buy' rating on the stock to achieve an intra-day target between Rs 106-110.

Traders can buy the stock above 88 with a stop loss of Rs 84.

Shares of the company, on Friday (April 24), closed at Rs 81.85 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 360 and a low of Rs 40.70 on BSE. Current EPS and P/E of the stock stood at 19.85 & 4.18 respectively.

The structure looks very positive, so buy the stock and hold, if it maintains above Rs 90, a big move is expected.

Punj Lloyd Intraday Buy Call

Punj Lloyd Stock analysts have maintained 'Buy' rating on Punj Lloyd Ltd stock to achieve an intra-day target that lies between Rs 118-126.

According to them, interested day traders can buy the stock above Rs 118 with a stop loss below Rs 112.

Shares of the company, on Friday (April 24), closed at Rs 116.10 on the Bombay Stock Exchange (BSE). The share price has seen a 52-week high of Rs 384.50 and a low of Rs 66.65 on BSE. Current EPS and P/E of the stock stood at 112.89 & 9.20 respectively.

So buy it, it will prove that it's definitely a strategic stock.

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