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%.

Biocon Net Climbs Up 62.71% In Jun`07 Qtr

For the quarterBiocon ended June 2007, Biocon exposed a fantastic increase in net profits.

Marginal Increase in IDBI Q1 Net Income

Industrial Development Bank of IndiaIndustrial Development Bank of India

Kerala Ready For Talks With TN On River Issues

Thiruvananthapuram:Water Resources Minister N K Premachandran

More Than 100 Cr. Utilized For Developmental Schemes – J&K

Srinagar: A total of Rs 105.03 crore has been used up under different Centrally-sponsored developmental schemes in Jammu and Kashmir.

While presenting inside information of it to the Estimates Committee of the Assembly on Tuesday, Rural Development Secretary Mohammad Sayed Khan stated that Rs 23.81 crore under IAY, Rs 37.46 crore was spent under SGRY, Rs 35.11 crore under NREGS and Rs 8.65 crore under the SGSY programmes.

Headed by PDP MLA Ghulam Hassan Khan, the Committee got together to reexamine the performance of the rural development department.

India Can Achieve 10% Growth In 2008-09: P. Chidambaram

Union Finance Minister P. Chidambaram


News in Focus

Ashish Chaturvedi: BUY Kotak Mahindra Bank, Kajaria Ceramics, Sun Pharma; SELL HCL Technologies

Market expert Ashish Chaturvedi has suggested three BUY Calls and one SELL Call for today’s trading session. Indian markets are expected to open positive today.

Mitessh Thakkar: BUY Adani Enterprises, Syngene, Reliance and BEL

Market analyst Mitesh Thakkar has suggested four BUY Calls and no SELL Call for today’s trading session.

Mitessh Thakkar: BUY ITC, Hindustan Aeronautics, MCX; SELL Lupin

Market analyst Mitesh Thakkar has suggested three BUY Calls and one SELL Call for today’s trading session.

Prakash Gaba: BUY Tata Consumer; SELL Indian Oil

Market analyst Prakash Gaba has suggested one BUY Call and one SELL Call for today’s trading session.

Mitessh Thakkar: SELL Torrent Power, PowerGrid, Ambuja Cements; BUY Petronet LNG

Market analyst Mitesh Thakkar has suggested three SELL Calls and one BUY Call for today’s trading session.

2023 Chevrolet Bolt EUV to be available in Redline Edition; production to start this summer

Detroit, Michigan-headquartered American automotive manufacturing giant General Motors has announced that production of the 2023 Bolt EUV will be commenced this summer, with the Redline Edition add