Showing posts with label hot stock market news. Show all posts
Showing posts with label hot stock market news. Show all posts
Indian Hotels Company today announced that its board has approved of an investment not exceeding Rs 510 million for acquiring an incremental equity stake in Piem Hotels, an unlisted associate company of The Indian Hotels (Q,N,C,F) Company, either directly or through its wholly-owned subsidiary.
Indian Hotels Company has posted growth of 56.79% in its Q4FY11 net profit at Rs 939.30 million as compared to Rs 599.10 million for the quarter ended Mar. 31, 2010.
Total income has increased by 20.91% from Rs 4,518.30 million for Q4FY10 to Rs 5,463 million for Q4FY11.
The company board has recommended a dividend of Rs 1 a share of Rs 1 each fully paid up of the company (previous year Rs 1 a share of Rs 1 each fully paid up). Accordingly, the dividend payable on one equity share of Rs 1 each fully paid up will amount of Rs 1 and the dividend payable on 100 equity shares of Rs 1 each fully paid up will amount to Rs 100.
The investment will help the company consolidate its position in the hospitality business.
With the acquisition of this stake, the company, together with its wholly-owned subsidiary will hold the majority shareholding of Piem Hotels.
Piem Hotels Ltd is the business of owning and operating hotels and owns the hotels under The Gateway Hotel brand in Nashik & Agra and hotels under the Vivanta by Taj brand in Pune, Lucknow, Mumbai & Bangalore.
Shares of the company gained Rs 0.2, or 0.25%, to settle at Rs 78.95. The total volume of shares traded was 53,925 at the BSE.
Here are some stocks and their trading strategies by using this you can grab a good profit from market-
Oil & Natural Gas Corpn Ltd
Resistance 3 313.7
Resistance 2 305.
Resistance 1 291.5
PP (Pivot Point) 283.5
Support 1 269.3
Support 2 261.3
Support 3 247.1
Larsen & Toubro Ltd
Resistance 3 1565.5
Resistance 2 1551.5
Resistance 1 1528
PP (Pivot Point) 1514
Support 1 1490.5
Support 2 1476.5
Support 3 1453
Bharat Heavy Electricals Ltd
Resistance 3 2182.8
Resistance 2 2128.8
Resistance 1 2091
PP (Pivot Point) 2037
Support 1 1999.2
Support 2 1945.2
Support 3 1907.4
Oil & Natural Gas Corpn Ltd
Resistance 3 313.7
Resistance 2 305.
Resistance 1 291.5
PP (Pivot Point) 283.5
Support 1 269.3
Support 2 261.3
Support 3 247.1
Larsen & Toubro Ltd
Resistance 3 1565.5
Resistance 2 1551.5
Resistance 1 1528
PP (Pivot Point) 1514
Support 1 1490.5
Support 2 1476.5
Support 3 1453
Bharat Heavy Electricals Ltd
Resistance 3 2182.8
Resistance 2 2128.8
Resistance 1 2091
PP (Pivot Point) 2037
Support 1 1999.2
Support 2 1945.2
Support 3 1907.4
Here are some stocks and their trading strategies which have shown a good momentum today and may be possibility is that these stocks may give good return from market tomorrow-
with +5.70 (1.66%)
Punj Lloyd Ltd
Today closed at 63.40 with +1.05 (1.68%)
with +1.05 (1.68%)| Details | Technicals for | 05-05-2011 | |
| Open | 62.35 | Resistance 3 | 66.96 |
| Last close | 62.35 | Resistance 2 | 65.53 |
| Today's high | 64.10 | Resistance 1 | 64.46 |
| Today's low | 61.60 | PP (Pivot Point) | 63.03 |
| Volume | 2,954,874 | Support 1 | 61.96 |
| 52-Week high | 226.40 | Support 2 | 60.53 |
| 52-Week low | 79.15 | Support 3 | 59.46 |
Canara Bank
Today Closed at 573.60 with +3.65 (0.64%)
with +3.65 (0.64%)| Details | Technicals for | 05-05-2011 | |
| Open | 570.00 | Resistance 3 | 614.9 |
| Last close | 569.95 | Resistance 2 | 599.4 |
| Today's high | 583.90 | Resistance 1 | 586.5 |
| Today's low | 555.50 | PP (Pivot Point) | 571 |
| Volume | 1,705,382 | Support 1 | 558.1 |
| 52-Week high | 844.20 | Support 2 | 542.6 |
| 52-Week low | 336.30 | Support 3 | 529.7 |
Indian Oil Corporation Ltd
Today closed at 347.85 with +5.70 (1.66%)| Details | Technicals for | 05-05-2011 | |
| Open | 346.95 | Resistance 3 | 370.1 |
| Last close | 342.15 | Resistance 2 | 362.3 |
| Today's high | 354.50 | Resistance 1 | 355 |
| Today's low | 339.40 | PP (Pivot Point) | 347.2 |
| Volume | 1,844,678 | Support 1 | 339.9 |
| 52-Week high | 456.90 | Support 2 | 332.1 |
| 52-Week low | 273.05 | Support 3 | 324.8 |
Air India is going all out to get equity infusion from the government. Sources say the airline company has asked for an immediate release of the promised Rs 1,200 crore into the airline as it has pending fuel dues worth Rs 2,400 crore.
Research Said that Air India is indeed calling for an immediate release for about Rs 1,200 crore as equity infusion which was promised by the Finance Minister in this budget. We understand that this money will essentially be used to part pay the fuel dues which are over Rs 2,400 crore.
The company is seeking discounts from the oil marketing companies. However, the oil marketing companies are looking for a hike of about Rs 5 crore per day due to rise in input costs. Currently, Air India is paying about Rs 13.5 crore for jet fuel. The credit facility was withdrawn from Air India in December 2010 and since then they have been getting the fuel on cash and carry basis.
Research also tell us that Air India is seeking another an additional Rs 17,500 crore of equity from the government going forward. They have a debt of over Rs 40,000 crore. Sources indicate that in this financial year they are expected to post losses to the tune of Rs 7,000 crore. So, the company is really looking forward for the equity infusion that was promised by the Finance Minister of about Rs 1,200 crore as soon as they can get.
Research Said that Air India is indeed calling for an immediate release for about Rs 1,200 crore as equity infusion which was promised by the Finance Minister in this budget. We understand that this money will essentially be used to part pay the fuel dues which are over Rs 2,400 crore.
The company is seeking discounts from the oil marketing companies. However, the oil marketing companies are looking for a hike of about Rs 5 crore per day due to rise in input costs. Currently, Air India is paying about Rs 13.5 crore for jet fuel. The credit facility was withdrawn from Air India in December 2010 and since then they have been getting the fuel on cash and carry basis.
Research also tell us that Air India is seeking another an additional Rs 17,500 crore of equity from the government going forward. They have a debt of over Rs 40,000 crore. Sources indicate that in this financial year they are expected to post losses to the tune of Rs 7,000 crore. So, the company is really looking forward for the equity infusion that was promised by the Finance Minister of about Rs 1,200 crore as soon as they can get.
Here are the top gainers for the day on the basis of their gain percent-
Company Prev Close (Rs) Current Price (Rs) % Change
Tanfac Inds. 23.85 28.65 + 20.13
Gangotri Textile 6.5 7.60 + 16.92
Tata Metaliks 102.8 119.25 + 16.00
Tata Sponge Iron 318.45 356.15 + 11.84
Sudar Garments Ltd. 93.45 104.10 + 11.40
Here are the top[ losers for the day on the basis of their lose percent-
Company Prev Close (Rs) Current Price (Rs) % Change
Pondy Oxides & C 34 30.70 -9.71
Impex Ferro Tech Ltd 9.85 8.90 -9.64
STL Global Ltd. 5.2 4.70 -9.62
Hind Syntex 3.65 3.30 -9.59
Piramal Life Science 122.2 110.55 -9.53
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There are some expected bullish and bearish stocks for March 15. These are mentioned below:
Expected bullish stocks:
Reliance Capital, Jet Airways, Welspun Corp, BPCL, IOC, HPCL, Union Bank Of India, Tata Power, Ashok Leyland, JSW Steel, Essar Oil, JP Associates, Opto Circuit, Dr Reddy`s, Ranbaxy Laboratories, Dish TV, MTNL, GAIL.
Expected bearish stocks:
Areva T&D, Suzlon Energy, STFC, GLAXO, Tata Chemicals, PFC, CESC, Exide Industries, Glenmark Pharmaceutical, IGL, DB Realty, NMDC, Pantaloon Retail, HUL, Andhra Bank, Petronet LNG, Indian Bank, Aban Offshore.
For more information Click Here- Free Nifty tips
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