Stock Markets

DLF Is Brilliant For Short Term Gains

DLF GroupDLF has declared the first quarter results and it records a net profit of Rs 1515.48 billion for the period ended June 30, 2007.

The company’s earning per share (EPS) stood at Rs 9.87, and its operating profit margin was at Rs. 56.4% in the first quarter of FY08.

HDFC Bank Stock Rates Fall After Valuing ADR at a Discount

HDFC BankHDFC Bank diluted 0.2% to Rs 1197.15 on pricing its 6.6-million American Depository Receipts at $92.10 each.

The scrip hit a high of Rs 1,218 and a low of Rs 1,192.30 during the day. On 28 May 2007, the scrip touched a 52-week high of Rs 1,274 and a 52-week low of Rs 693.10 on 19 July 2006.

The HDFC Bank stock had developed 10.27% within the one month period to 17 July 2007 as against Sensex’s return of 8.59%. The scrip had outperformed the market over the past quarter, going down 22.41% as compared to the Sensex’s increase of 11.83%.

IFS Optimistic On Block Share Trade

IndiabullsIndiabulls Financial Services went up 1.51% to Rs 655 after a block deal of 13.7 lakh shares was struck at Rs 655.50 per share on BSE.

The scrip touched a high of Rs 664.95 and a low of Rs 647 during the day. There were 18.06 lakh shares for trading on the counter.
In the last three months, the stock had an average daily volume of 11.22 lakh shares on BSE.

The company’s equity capital is Rs 44.55 crore, with 22.27 crore outstanding shares with a face value of Rs 2 each.

Market Ends After Shedding 22 Points

Bombay Stock ExchangeThe BSE sensitive index opened up strongly at 15,357.60. It continued to trade strong supported by substantiated buying pressure in index heavyweights. But, the stock index lost its power, lastly sliding into the negative to end the day on a flat note. It touched an intra-day high of 15,440.20 and low of 15,272.46 during the day.

The stocks from cement, IT and pharma led the processions, while auto and banking sectors led the declines.

Market Ends Marginally Up After Weak Performance

Bombay Stock ExchangeThe BSE share index opened its eyes on a positive note at 15,295.03. Later on, it slipped into depressing zone and continued to trade flat for most part of the day. It also touched an intra-day high of 15,341.38 to end the day on a positive note.

Cement stocks were in the public interest, whereas IT, pharma and banking stocks led the declines. Auto stocks displayed mixed inclination.

Markets Expected To Touch 15,500 this Monday

According to Bharat Thakur, assistant manager, Karvy Stock Broking the stock market is likely to lift up further on coming Monday (July 16).

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