Buy HCL Technologies With Target Of Rs 509

Buy HCL Technologies With Target Of Rs 509Technical analyst Anil Manghnani of Modern Shares and Stockbrokers has maintained 'buy' rating on HCL Technologies Limited stock to attain a target of Rs 509.

According to analyst, the stock can be purchased with a stop loss of Rs 475.

The stock of the company, May 05, closed at Rs 496.30 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 528.40 and a low of Rs 354.20 on BSE.

Current EPS & P/E ratio stood at 15.51 and 32.18 respectively.

Euro, Pound Broke Daily Longs Into Next Setup. Yen In Short.

Euro: On the daily, the euro broke its daily setup and daily extension long into the next traditional long at 1.45469. The line in the sand is at 1.4454. The extension short is at 1.463.

Nifty Has Resistance At 5552

Nifty Has Resistance At 5552Indian stock markets, on Thursday, had a feeble session, with heavy selling action in real estate, banking and metals.

Oil-Gas and consumer durables gained some potency.

Sensex ended the session at 18210 after shedding 258 points. In contrast, Nifty declined 77 points to end the day at 5459.

The overall breadth of the stock market remained negative as it saw 309 advancements as against 994 declines on the NSE.

The gainers list comprised Hero Honda, GAIL, Maruti and KotakBank.

MAHLE Group Sets Up New Production Fcaility In Chennai

MAHLE Group Sets Up New Production Fcaility In ChennaiMAHLE Group has made announcement about the opening of its new filter fabrication facility, MAHLE Filter Systems India, in Chennai.

As per reports, the newly opened plant, which takes up series production, will supply Indian vehicle makers with air cleaner modules.

Initial orders of clients are at hand.

During June last year (2010), the innovational ceremonial occasion for the new facility happened as per Hindu customs.

Jindal Poly Net Profit Zooms 129% In Q4

Jindal Poly Net Profit Zooms 129% In Q4Jindal Poly Films announced the results for the three month period ended March 31, 2011.

The company registered an increase of 61.46% in its revenue for the quarter ended on March 2011.

It also recorded 129.31% jump in the net profit for the quarter under review.

Going forward with its notable performance record, the company's net profit for the fourth quarter stood at Rs 106.31 crore as compared to Rs 46.36 crore during the same period last year.

I'll share income with Bollywood workers: Salman Khan

I'll share income with Bollywood workers: Salman KhanMumbai, May 6 - Bollywood star Salman Khan, also known as the Hindi film industry's enfant terrible, says he wants to help workers in filmdom by sharing his income and also work for the underprivileged in society.

"Right now, I want to give a percentage of my earnings from the film that I will start to workers of the film industry," Salman told IANS, adding the amount is not fixed yet. "It can be half of the remuneration; it can be one percent."

"Even if everyone gives half a percent (of their remuneration), it will be huge money.

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