Market Opens on a Feeble Note

The 30-share index opened unenthusiastically and trading weak. Select stocks from IT led the advancements while auto, cement, telecom and banking led the declines.

Asian markets also turned down in the early sessions on fears of the rejection in the housing demand in USA.

Bharat Thakur, assistant manager, Karvy stock broking told that some profit booking is expected to take place today. He is confident on power sector and commends Reliance Energy and HDFC for trading.

Pratibha to be Sworn in as India`s First Female President

Pratibha PatilPratibha Patil will become India’s first woman President as she will be sworn in as the 12th Preside

Castrol Heads Gainers In 'A' Group at BSE

Castrol IndiaCastrol zoomed 11.03% to Rs 280.35 and lead gainers path in BSE's ‘A’ group shares.

Tata Power, Reliance Energy Can Append 5-8% - Ambareesh Baliga

Ambareesh BaligaReliance Energy of Karvy Stock Broking is of the view that investors wi

Emkay suggests To Buy IPCA Labs, Target Of Rs 820

IPCA LaboratoriesEmkay Research is expecting IPCA Lab and maintained buy rating on stock with a target of Rs 820.

IPCA Laboratories net profit increased to Rs 347.2 million in Q1FY08, by 42%, compared with Rs243.4mn in Q1FY07. Revenues grow by 11% to Rs.2466.1 million. Sequential Q-o-Q basis revenues and PAT increase by 12% and 26%.

Accumulate Satyam Computer - Khandwala Securities

Khandwala Securities LimitedResearch firm Khandwala Securities has recommended collected rating on Satyam Computer Services.

Khandwala Securities report on Satyam computers:

Consolidated Results for quarter ended June 30, 2007

• Revenue was Rs 18, 302 million, YoY increase of 26.8% and a sequential increase of 2.9%.
• Net Profit after Tax was Rs 3,783 million, YoY growth of 6.9% and a sequential fall of 3.9%.
• EPS was Rs 5.7, a YoY increase of 4.4% and a sequential fall of 3.9%.

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News in Focus

Godrej Properties Share Price Could Reach Rs 2,350: Motilal Oswal Financial Services Remains Bullish

Godrej Properties Ltd reported a 22% year-on-year rise in pre-sales to Rs 86.5 billion in the first quarter of FY27, an 8% beat on brokerage estimates, driven by strong launches across Bengaluru, t

DLF Share Price Target at Rs 755: Motilal Oswal Financial Services

Motilal Oswal Financial Services has retained its BUY rating on DLF Limited, setting a target price of Rs755, implying a 17% upside from the current market price of Rs643.

Blue Dart Express Share Price Target at Rs 6,100: Motilal Oswal Research

Motilal Oswal has reiterated a BUY rating on Blue Dart Express with a target price of Rs 6,100, implying 15% upside from the current market price of Rs 5,284.

FDA Commissioner Tukaram Mundhe: The Man Behind the Regulatory Crackdown Reshaping India's Dairy and Food Service Industry

Maharashtra has become the first Indian state to formally outlaw analogue paneer, a non-dairy imitation product linked to health complaints, in a sweeping one-year ban announced by Food and Drugs A

Cummins India Share Price Target at Rs 6,500: Motilal Oswal Financial Services

Motilal Oswal Financial Services has reiterated a Buy rating on Cummins India, trimming its target price slightly to Rs 6,500 from Rs 6,600, still implying 20% upside from the current market price