TopNews

Stock market analyst Anu Jain has maintained 'buy' rating on Indian Bank stock to achieve target of Rs 255 in 1-2 trading sessions.

According to analyst, the investors can buy the stock with stop loss of Rs 234.50.

Today, the stock of the bank opened at Rs 240 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 36.18 and 6.62 respectively.

The share price has seen a 52-week high of Rs 239.40 and a low of Rs 120.45 on BSE.

There has been a marginal hike in share prices and they have risen early on today’s trading after a horrible last week. But doubts on the rate of international economy revival following current grim economic data are expected to hit this hike. According to market experts it may limit gains.

The FTS Eurofirst 300 index of top European shares was up by 0.5% at 974.44 points in their last trading. It was 0.1% higher than that of the earlier session and weekly performance since 21st of May.

Stock market analyst Hitesh Chotalia has maintained 'sell' rating on Ambuja Cements Ltd stock with target of Rs 104.

According to analyst, the investors can sell the stock stop loss of Rs 115.

Today, the stock opened at Rs 112.25 on the Bombay Stock Exchange (BSE). Current EPS & P/E ratio stood at 8.71 and 12.97 respectively.

The share price has seen a 52-week high of Rs 125.60 and a low of Rs 82 on BSE.

Ambuja Cements Ltd, the country's No. 3 cement manufacturer, announced that shipments during the last month (June 2010) increased 6.2% from a year ago to 1.69 million tonnes.

According to a survey report of the British Chambers of Commerce (BBC) the economy of UK continued to grow in the second quarter of this year.

BBC has collected data from 5600 businesses across the UK and estimated growth of in between 0.6% to 0.7% for the three months to the end of June. But it has also warned about serious concerns over sustained recovery.

The film Eclipse, the latest Twilight sequel was the most successful film in the box office of North America in this weekend. But even after that it fell short of the predictions made by its distributor earlier. The film has made a collection of around 162 million dollars in the US and Canada since its release in last Wednesday.

But the distributor Summit Entertainment had estimated a collection of 173 million dollars for the first five days.                  

According to a report the executives of the top 100 listed companies of UK have seen their pay hike by 5% since the year 2008 to an average of 3.1 million euros. This rise came to act despite of a 1% fall in the earnings per every share in the same period of time.

This survey was done by the MM&K and the Manifest. Both of them looked in to the latest annual reports of around 657 companies.