Nirma Declines On Quarterly Net Loss

Shilpa Mahapatre 28 June 2007

Nirma Ltd.Today, Nirma Ltd touched a low of Rs 181 after the soaps and detergents maker posted an unaudited net loss of Rs 93.45 crore for the March quarter.
For the year-ago quarter, the company had recorded a net profit of 95.17 crore on an unaudited basis. The shares are now trading 3.5 per cent lower at Rs 186.55.

Sensex Gains 105 Points In Early Trading

Shalini Kakkad 28 June 2007

Mumbai: On BSE Sensexrapid buying by funds in heavy-weight stocks led by cement sector, the BSE Sensex soared by more than 105 points in early trade. Select stocks from cement, banking, telecom and pharma traded strong while auto stocks led the declines.
The BSE-30 share index, Sensex, which had vanished more than 70 points on yesterday’s closing, rise dramatically by 105.98 points at 14,537.04 in the first five minutes of trading. In the same way, the wide-based National Stock Exchange's index Nifty shot up by 42.45 points at 4,291.40.

Shiv Sena In No Mood To End Coalition With BJP

Bhuvan Kala 28 June 2007

Shiv Sena chief Bal ThackerayMumbai: The Shiv Sena cleared up that it did not wish to cease its grouping with the Bharatiya Janata Party (BJP) over the president selection matter. On Monday night, the political party made a decision to back up the UPA applicant Pratibha Patil as she was a woman and a Maharashtrian.

BSE Consumer Durables Index Hits All-Time High

Shilpa Mahapatre 28 June 2007

BSE Consumer Durables closed at its all-time high of 4,216 after gaining 52.71 points, or 1.27%.

The index also hit a peak of 4,261.51 during the day.

The components taking the index to achieve its all-time high were Titan Industries, which climbed up 3.92% to Rs 1329.40, Rajesh Exports that arose 0.13% to Rs 525.85, Gitanjali Gems benefited 0.37% to Rs 204.20 and Lloyd Electric gained 3.92% to Rs1329.40.

In BSE Consumer Durable index, Titan Industries, Rajesh Exports, Gitanjali Gems and Lloyd Electric showed high weightages of 34.01%, 8.14%, 5.03% and 4.03%, correspondingly.

CPI Panel Backs Panel Reports On Suspension

Neha Malik 27 June 2007

New Delhi: Communist Party of IndiaYesterday, the central committee of the Communist Party

AIA Engineering At 52-Week High

Malini Ranade 27 June 2007

AIA Engineering LimitedToday, AIA Engineering has touched its 52-week high of Rs 1,718. At 12:31 pm, the share is trading at Rs 1,685.50, up Rs 83.95, or 5.24%.
The scrip is trading with volumes of 95,302 shares. Yesterday the share closed after gaining 0.20% or Rs 3.20 at Rs 1,601.55.

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News in Focus

Suzlon Energy Share Price Target at Rs 65: ICICI Direct
Suzlon Energy Share Price Target at Rs 65: ICICI Direct
Featured, India Business, Energy Sector, Analyst View, CleanTech, ICICI Direct, India, Suzlon Energy

ICICI Securities has maintained a Buy rating on Suzlon Energy, retaining an unchanged target price of Rs 65, implying 35% upside from the current market price of Rs 48.

Tata Power Share Price Target at Rs 485: ICICI Securities
Tata Power Share Price Target at Rs 485: ICICI Securities
Featured, India Business, Analyst View, ICICI Direct, India, Power Sector, Tata Power

ICICI Securities has reiterated a Buy rating on Tata Power Company, maintaining a target price of Rs 485, implying 31% upside from the current market price of Rs 371.

CoForge Limited Share Price Target at Rs 1,950: ICICI Securities
CoForge Limited Share Price Target at Rs 1,950: ICICI Securities
Featured, India Business, Analyst View, Stock Markets, Coforge Limited, ICICI Direct, India, Technology Sector

ICICI Securities has maintained a Buy rating on Coforge Limited, setting a target price of Rs 1,950, implying a 17% upside from the current market price of Rs 1,669.

Bharat Electronics Share Price Could Reach Rs 530: ICICI Securities Remains Bullish on PSU Major
Bharat Electronics Share Price Could Reach Rs 530: ICICI Securities Remains Bullish on PSU Major
Featured, Analyst View, Futures & Options, Stock Markets, Bharat Electronics, ICICI Securities, India, Public Sector

ICICI Securities has maintained a Buy rating on Bharat Electronics, setting a target price of Rs 530, implying a 35% upside from the current market price of Rs 394.

NTPC Share Price Target at Rs 420: Axis Securities Remains Bullish on PSU Counter
NTPC Share Price Target at Rs 420: Axis Securities Remains Bullish on PSU Counter
Featured, India Business, Analyst View, Axis Securities, India, NTPC, Public Sector

Axis Securities has maintained a Buy rating on NTPC, though it has trimmed the target price slightly to Rs 420 from Rs 430, implying a 20% upside from the current market price of Rs 350.

SAIL Share Price Target at Rs 225: ICICI Securities
SAIL Share Price Target at Rs 225: ICICI Securities
Featured, India Business, Analyst View, ICICI Securities, India, SAIL, Steel Sector

ICICI Securities has maintained a Buy rating on Steel Authority of India, setting a target price of Rs 225, implying a 36% upside from the current market price of Rs 165.