TopNews

Rajesh Jain of Pranav Securities believes that it’s beneficial to hold Industrial Finance Corporation of India, IFCI at the moment. IFCI is a slow mover, but it has lots of potential to go up.

Jain told, "In the best of situation, if everything goes the right way then IFCI could give you almost a 50% gain from this point. If you look at the portfolio that IFCI has to offer to an investor at this point, there are NPs for which recoveries have started you could almost raise Rs 2,000-2,500 crore out of that. The hidden real estate value put anywhere between Rs 3,000-4,000 crore."

Ambala: Presently Sonalika group’s International Cars and Motors (ICML) is working on a sports utility vehicle (SUV) model for which it has joined hands with an international design house and will

Rahul Agarwal, VP, Institutional Sales, LKP Shares, said that today stock market was performing steadily because of the absence of aggressive selling. Volumes remained on the lower side as less of institutional buying was seen today. There was broad-based buying across all the sectors, though IT sector under-performed markets. He expects volatility with a negative bias to be seen in the Tuesday`s trading session.

Bhupendra Sharma, vice president, Hornic Investments stated that today market traded decisively all through the day, as it ended the day 149 points. It was mainly because of good worldwide cues. No major buying took place today. There was careful buying and the majority of the small cap companies did well today.

A board meeting of Procter & Gamble Hygiene & Health Care will be held on Aug. 24, 2007 to think about dividend recommendation for the year ended Jun, 30, 2007.

In afternoon trading (3:06 pm), Alembic is hovering near Rs 68.80, up R