India’s premier engineering company BHEL is on a bullish spree in terms of new order bookings. In latest, the state-run manufacturer has bagged a major equipment supply contract worth Rs.4071-crore from Singareni Collieries Company Ltd. for supply and installation of 1200-mw thermal coal-based power project in Andhra Pradesh. Recently, BHEL, which has already secured 23…… Continue Reading
TTK Prestige has posted robust Q2 profits/earnings at Rs.33.71 crore; a jump of 55% from the quarter ended September 30, 2010 figures. Its total income for the quarter surged by 52% year-on-year at Rs.303 crore. TTK Prestige is involved in providing total kitchen solutions such as pressure cookers, non-stick cookware, mixer-grinders, pop-up toasters and electric…… Continue Reading
With effect from today, Coal India booked its berth in exclusive Nifty benchmark index, toppling ADAG firm Reliance Capital for the coveted entry in the list of country’s 50 largest companies by market capitalization. Coal India opened on bullish tone to record a high of Rs.344.40 on NSE Nifty. However, during mid-afternoon trading the share…… Continue Reading
Often investors ask me as to how to start building a strong long-term equity portfolio and which stocks to look for a safe-harboring of their hard-earned money? But, the answer to this question is not easy as long-term portfolios are not built over-night or at a particular time interval. Investments should be done in a…… Continue Reading
Shares of L&T and Thermax can be sold as well as bought from different time perspectives. While shares of L&T and Thermax can be sold by traders with short-term perspective, investors can latch-on to these stocks on any sharp down move from long-term perspective. While both the engineering stocks seem weak on technical charts, the…… Continue Reading
BSE Sensex slumped by 300 points during the afternoon session of October 4, 2011, on downgrade of SBI’s stand-alone credit rating by the global rating agency Moody’s Investor Services. This negative news sent panic amongst investors that the books of Indian banks could deteriorate further led by higher non-performing assets and rising interest rates. Today,…… Continue Reading
The bells of opening single-brand retail sector to foreign direct investments have already started ringing. In a long-awaited reformist move, the government is considering removing the FDI cap in single-brand retail from 51% currently to fully freeing up the sector. Global retail players such as Wal-Mart, Carrefour and Tesco are more than keen to see…… Continue Reading
The Union Cabinet has approved the draft mining bill that would not require profit-sharing with local communities and royalty payments to advocate “sustainable and scientific” mining across the country. The proposed bill mandates give away of 26% profit pie of coal miners towards the welfare of the tribes and displaced population in the region. This…… Continue Reading
Anil Ambani-led ADAG shares have crashed amid reports that investigators widened their telecom scandal probe and that the three jailed men had retracted their testimony taking responsibility for decisions made by the Group’s telecom unit. Reports suggest that the CBI has tightened its noose by launching a detailed investigation on the alleged role of Anil…… Continue Reading
At a time when equity markets are struggling with fears of global slowdown and sovereign debt crisis in the advanced economies, it does make sense to invest money in strong fundamental blue-chip stocks which can bear the brunt of slowdown by their contribution to the Indian economy. You can either pick from the list of…… Continue Reading