Fund Raising Plan Pushes Up IDFC

IDFC

IFB Industries Sparkles On Strong Q4 March 2007 Results

In afternoon trade, IFB IndustriesIFB Industries beat the upper route of 20% at Rs 27.65 on reporting a 1,143.27% increase in net profit in Q4 March 2007. The final results were declared during the market hours.
During the day, the scrip touched an intraday high of Rs 27.65 and an intraday low of Rs 26. On 3 November, it touched a 52-week high of Rs 29.95 and a 52-week low of Rs 14.50 on 4 April 2007.
The IFB Industries scrip gained 32.47% over the last one month to 29 June 2007 as compared to the Sensex’s return of 0.73%. Over the last one quarter, the company outperformed the market gaining 34.40% as compared to the Sensex’s admiration of 12.07%.

Himatsingka Seide Up On Buyout Plan

Himatsingka SeideTextile company, Himatsingka Seide came up 4.28% to Rs 122.95 in early trade on adopting 80% stake in US-based Divatex Home Fashions Inc.

The company’s share price hit an intraday peak of Rs 131.80 and an intraday low of Rs 123 during the day. The scrip touched its 52-week high of Rs 150 on 29 January 2007 and a 52-week low of Rs 86 on 24 July 2006.

Sensex Scales New Peaks

Bombay Stock ExchangeToday, the BSE Sensex opened healthily at 14,720, continuing its upward trend to touch a record high of 14,790.87. The stocks from banking, auto, and IT led the advances.
On the other hand, Asian markets also opened higher after a rise in the metal and crude prices. The increase was further affected by a report that mulled an upward drift in the constructing activity in USA and Europe.

Bankex Surges As Inflation Falls

BSE's banking share index ‘Bankex’ had surged 153.28 points, or 1.92%, to 8,143.76 in noon trades on anticipations that interest rates may diminish because of lower inflation.
The existing level is a record high for the Bankex. It also hit a low of 8,019.66 during the day. On 19 July 2006, the Bankex had touched a 52-week low of 4,032.39.
State Bank of India (SBI) boosted 3.21% to Rs 1580, ICICI Bank 1.64% to Rs 966.25, HDFC Bank 0.34% to Rs 1150, Bank of India 0.26% to Rs 228.20, Punjab National Bank (PNB) 2.55% to Rs 541.80.
On the other hand, ICICI Bank, State Bank of India and HDFC bank showed weightages of 40.36%, 17.12% and 13.83%, correspondingly, in the Bankex.

Flow Outlook Spurs Rupee To One-Month High

Mumbai: Today, the rupee climbed to its peak level within a month, driven by the viewpoint of soaring investment flows into Asia’s third- biggest economy.
In morning, the rupee was at 40.54/55 a dollar, which is its highest peak since June 6, and strengthening from Monday's 40.65/66.
The chief dealer with the foreign bank anticipating the rupee to trade in a 40.52-40.62 rannge today said, “The positive signals from Asian equities are leading the market to believe that the stock market will do well, and that the inflows will be good.”
He stated that the RBI was expected to get involved at around 40.52 to restrict the rupee’s advancements.

Pages

News in Focus

New Jersey casinos enjoy second-best month with $511M win in April 2024

New Jersey’s gambling-friendly properties, including casinos and horse tracks, experienced a significant as total winnings surpassed $511 million, marking a noteworthy jump of 10.4 per cent year-ov

GLPI expands portfolio with acquisition of three casinos in Nevada & South Dakota

In a significant strategic move to expand its portfolio in the gaming landscape, the Gaming & Leisure Properties Incorporated (GLPI) has acquired the real estate assets of three casinos – two i

BYD remains the World’s largest automotive group in terms of quarterly EV sales

Amid the global automotive industry’s seismic shift towards electric powertrains, Chinese automaker BYD Limited has successfully maintained its position as the world’s largest group in terms of qua

Kia’s EV3 crossover SUV all set to debut on May 23, 2024

Kia Corporation has confirmed that its newest electric vehicle (EV), the Kia EV3, will debut on 23rd of May in Korea.

Acura ZDX’s EPA rating unveils energy efficiency at 2.6-2.7 miles/kWh

With an intention to revolutionize the electric vehicle (EV) landscape, Acura recently started selling its inaugural all-electric model, called the Acura ZDX, which boasts leading-edge technology a

GM’s next-gen Chevrolet Bolt EUV to be built at old Chevy Malibu Plant in Kansas

Charting a new course in the landscape of passenger vehicles, American automobile giant General Motors (GM) is going to retire its iconic Chey Malibu to embark on an electrifying journey with the n