IFCI Tops Volume Charts On Bourses

IFCI Ltd.IFCI topped the volume charts on BSE with 89.56 lakh shares.

BSE Mid-Cap Index touching new levels

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.

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.

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News in Focus

ICICI Bank Share Price Target at Rs 1,750: Motilal Oswal Issues Bullish Outlook for Private Sector Lender

Motilal Oswal has reiterated its BUY call on ICICI Bank with a target price of Rs 1,750, about 25% above the current market price of Rs 1,397 after a stellar second quarter.

CEAT Share Price Could Reach Rs 4,500: ICICI Securities Issues Bullish Call with 40% Upside

ICICI Securities has maintained its BUY rating on CEAT with an unchanged target price of Rs 4,500, implying about 40% upside from the current market price of Rs 3,222.

DLF Share Price Target at Rs 780: Motilal Oswal Remains Bullish on Real Estate Major

Motilal Oswal Financial Services has reiterated its BUY rating on DLF and raised its target price to Rs 780, implying about 16% upside from the current market price of Rs 674.

Tata Communications Share Price Target at Rs 2,130: ICICI Securities

ICICI Securities has maintained its BUY rating on Tata Communications with a sum-of-the-parts target price of Rs 2,130, implying about 21% upside from the current market price of Rs 1,764.

Karur Vysya Bank Share Price Target at Rs 413: BOB Capital Markets

BOB Capital Markets has maintained its BUY rating on Karur Vysya Bank and raised its target price to Rs 413 from Rs 362, implying about 19% upside from the Rs 346 close on Oct. 15, 2026.

Tech Mahindra Share Price Target at Rs 2,050: ICICI Securities

ICICI Securities has reiterated its BUY rating on Tech Mahindra with a 12-month target price of Rs 2,050, about 16% above the Rs 1,765 market price.