Rajasthan Spinning should soon cross 130 levels with their current growth plans: Sanjay Chabria

According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.

Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”

Apple Plays iPhone Card Well

Apple iPhoneApple is certainly playing “iPhone” card and it is playing perfectly well. The best thing about Apple Inc.'s iPhone launch games is the way it is handling its marketing.

The company first unveiled the music playing iPhone in January, then came a mysterious teaser commercial for it during the Academy Awards six weeks later, and then came out a little few other details.

Redemption Buzz Assist Blue Dart Express To Touch 52-Week High

On marketBlue Dart talk of a share buyback, Blue Dart Express zoomed 13.70% to Rs 794.75. The share price had beaten a high pressure of Rs 799.90 that is also its 52-week high, and a low of Rs 633 during the day thus far.
The company’s 2.65 lakh shares were traded on Bombay Stock exchange. In the past one quarter, the scrip had an average daily volume of just 6,011 shares on BSE.
The Blue Dart Express scrip had made 54.40% to Rs 699 on 19 June 2007 over the past one month. It appended 60.37% to Rs 699 within the past three months. The scrip had also touched a 52-week low of Rs 405 on 20 June 2006.

Sterlite Industries Shines at NYSE

Sterlite Industries Sterlite Industries India Ltd.India bobbed up 4.89% to Rs 587.30 after its American depositary shares made a substantial debut on the NYSE. During the day, the scrip had touched a high of Rs 596.80 and a low of Rs 572.

On Bombay Stock Exchange, nearly 8.65 lakh shares were traded on the counter. In the preceding one quarter, the average daily volume in the stock was 2.53 lakh shares.

On 19 June 2007, the Sterlite Industries scrip had climbed up 2.84% to Rs 559.90, after it had received sanction for listing of its IPO of 130.44 million American Depositary Shares.

Development Credit Bank will see new highs: Ashwani Gujral

Technical AnalystDevelopment Credit Bank, Ashwani Gujral is of the opinion that beyond Rs 120, Development Credit Bank (DCB) will surely touch Rs 150.

Mr. Ashwani Gujral stated that UTI Bank and Kotak Mahindra Bank have been favorite stocks for a long time. Now Kotak Mahindra Bank is set for levels of around Rs 650. UTI Bank is plausibly headed in the direction of Rs 800.

Ankit Metal & Power IPO Gets Total Bids For 95.90 Lakh Shares

On third day of Ankit Metal & Power IPO, the issue was subscribed for just 0.25 times.

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