Elecon Engineering Company Ltd, India's largest Material Handling Equipments, Industrial Gears and Transmission Products manufacturer has been awarded prestigious orders worth Rs 22 crore from Adani Power Ltd of Adani Group.

The scope of the order includes design, supply, erection, testing and commissioning of material handling systems at Mundra.

It may be noted that, In Decemeber 2008, Elecon Engineering bagged a similar order Rs 120 crore from Mundra port and Special Economic Zone of Adani Group.

US mobile handset maker Motorola has launched another entry level 'MOTOYUVA EM 325' phone in Indian market, priced at Rs 5,150.

The newly launched gizmo provides mobile music experience to the user with one-touch access to MP3 library and expandable memory of up to 2GB.

In addition, the cell-phone comes with FM along with Share, which utilizes RDS2 (Radio Data System) technology, allowing the user to share information about a favorite station with friends by sending it in a text message.

Stock market analysts have maintained ‘buy’ rating on DLF stock with an intraday target of Rs 293.

According to them, interested traders can purchase the stock above Rs 279 with a strict stop loss of Rs 270. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 298.

Shares of the company, on Wednesday (Dec 31), closed at Rs 281.90 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 5232748. Current EPS & P/E ratio stood at 15.16 and 18.89 respectively. The share price has seen a 52-week high of Rs 1225 and a low of Rs 158 on BSE.

The year 2009 started on a positive note with the benchmark Sensex gaining by over 73 points during the opening trade on hopes of further decline in the inflationary figures and firming trends on the worldwide markets.

The Bombay Stock Exchange barometer, which lost 68.85 points on the last session of 2008, gained 73.24 points at 9,720.55 points in the opening trade with all the sectoral indices, led by metal consumer durables and realty, trading in the positive zone.

The Midcap barometer has moved up by 1.5%, while the Smallcap index has came up by 1.76%.

With the intention to boost its populist schemes, the BJP Government in Chhattisgarh has now decided to offer up health insurance coverage free of cost and cashless treatment facility to 36 lakh families.

Under the proposed scheme, the government will provide annual health insurance coverage of Rs 30,000 to 3.5 million poverty hit families in the state.

Stock market analysts have maintained ‘buy’ rating on ONGC stock with an intraday target of Rs 680.

According to analysts, interested traders can purchase the stock above Rs 665 with a strict stop loss of Rs 652. If the stock market remains on positive track, the stock pricing becomes more attractive, and reach above Rs 696.