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Angel Broking has recommended a buy rating on (PNB) with a target of Rs 625 in its November 21, 2008 research report. “We believe PNB is amongst the more profitable and competitive PSBs, with relatively moderate Earnings growth and strong RoE prospects. We have a positive outlook on the Bank due to its superior CASA ratio [...]
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Angel Broking mantains a buy on Bank Of India with a price target of 317 Angel Broking has recommended a buy rating on BOI with a target price of Rs 317 in its November 21, 2008 research report. “We are positive on Bank of India (BOI) due to its balanced funding mix, moderate operating costs, efficient [...]
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US markets had rallied. Asia has opened mixed. Europe was down on an avereage of 3%. Expect markets to have a flat opening. The support for the Sensex is 8450-8316 and the resistance to the up move is at 9635-10324. Nifty: (2693) the support for the Nifty is at 2500 and the resistance to the [...]
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Indian Stock Markets have witnessed a worst hit. Indian markets are now down over 57% from its peak. Its almost at its 3 years low. Markets need a good breath now. Traders are worried and even Investors. Recession has covered the whole globe. No one has been left out. No fundamentals in markets as of [...]
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The Full week was dull almost every day we saw a red stroke or a downtrend but an excellent pulback of 464 points on SENSEX i.e 5.5%. on Friday. The whole week markets were mainly down because of bad global cues. Inflation in single digits thats cool. Crude Oil sliped below 50$ before recovering. Thats [...]
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Maruti Suzuki India CMP: Rs 511.35 TARGET PRICE: Rs 760 BNP Paribas has maintained a ‘buy’ rating on Maruti Suzuki India even while lowering the target price from the earlier Rs 840 to Rs 760. The foreign broking firm expects the company to regain market share with the launch of A-Star. “We believe the new A-Star [...]
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Bombay Rayon CMP: Rs 154.65 TARGET PRICE: Rs 263 ULJK Securities has a ‘buy’ rating on Bombay Rayon Fashion as, according to the broking outfit, the company is increasing its production capacity and also has a diversified market presence. “The company has taken steps for expansion in Maharashtra, which include setting up of the garments manufacturing capacity [...]
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Do you remember ICICI banks gtear fall. It had many huge intraday falls , the one of 25% , who can afford to forget it. ICICI was angry and approached SEBI for investigation. The bank had in September sought an investigation by SEBI into its share price movement, alleging that rumours were being spread about [...]
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India will emerge stronger from the global economic crisis and global institutions must be made more representative of developing nations, Prime Minister Manmohan Singh said on Friday. In speech to a conference, Singh said the world had become more interdependent and the voice of developing nations must be heard in the high councils of global [...]
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The Security and exchange bord of India (SEBI) commented that it has no plans to put a ban on short selling. Many markets have put up an ban on short selling in West but SEBI has no such plans. It aslo added that SEBI and stock exchanges cannot predict the market situations.
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