Posts Tagged ‘industries’

Reliance has target of Rs 1160: Edelweiss Capital

Reliance Industries (RIL) has target of Rs 1160, says Niraj Mansingka, Analyst, Edelweiss Capital.

Don’t see govt backtracking on petrol deregulation: Udayan

There was a bit of flatter around Reliance yesterday. Reliance Industries (RIL)’s gas output may touch 67 mmscmd by April this year, says the Directorate General of Hydrocarbon (DGH).

Sensex drops 239.74 pts; RIL, L&T, ICICI Bk drag

Indian markets continued to decline in early trade for the second day on Monday. At 9.27.am, the Sensex was trading down 239.74 points or 1.30% at 18,246.71 with 30 components falling. Meanwhile, the Nifty was trading lower by 79.75 points or 1.44% at 5,459.00 with 51 components falling.

Pick of the week: Sterlite Industries

Broking firm, Edelweiss has recommended Sterlite Industries (India) as pick of the week with Buy rating and target of Rs 190. Edelweiss gave following rationale: BUSINESS OVERVIEW Sterlite Industries (India) (STEIND) is a subsidiary of Vedanta Resources, the London-listed metals and mining group. It is the largest non-ferrous metals player in India with presence across key base metals, viz.

Minal Industries; March 12, 2011 record date for bonus shares

Minal Industries has fixed March 12, 2011 as the ‘Record Date’ for bonus shares.

Titan Industries says plans to merge unit Tanishq

Titan Industries ` wholly-owned subsidiary

Kemrock, DSM form specialty resins partnership

Kemrock Industries & Exports (KIEL), a leading manufacturer of reinforced polymer composites, today announced that the company has entered into joint venture with

10% excise duty on branded garment untimely: Arvind Mills

Naishad Parikh, Head of Policy Initiatives, Representative, Arvind Mills and Sunil O Khandelwal, CFO of Alok Industries analyse the few perks that have benefited the garment industry and the all round budget impact that hasn’t been up to the mark as per the recommendations of Textile Industry.

LEGG MASON sells 58.25 Lk shares of Alok Ind

On February 24, 2011 LEGG MASON SOUTHEAST ASIA SPECIAL SITUATIONS TRUST sold 5,825,000 shares of Alok Industries at Rs 21.29 on the NSE. Yesterday the share closed at Rs 20.30.

Anand Rathi recommends `Hold` on Balkrishna Inds

Anand Rathi Securities has recommends ` Hold ` on Balkrishna Industries with a price target of Rs 144 as against the current market price (CMP) of Rs 127 in its report dated Feb.22, 2011. The broking house gave the following rationale: Robust business model: Balkrishna mainly caters to the higher margin segments off-road vehicles and agricultural tyres.

Bulk Deals: Aurobindo Pharma, IFCI, Pratibha Inds…

Following bulk deals were transacted at the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE) on February 24: Mandatum India Fund sold 2,353,228 shares at Rs 173.03 a share of Aurobindo Pharma . Reliance Mutual Fund bought 1,500,000 shares at Rs 172.99 a share of Aurobindo Pharma . Credit Suisse First Boston (Singapore) sold 4,668,000 shares at Rs 48.59 a share of IFCI

Sterlite Industries melts down 4.3%

Sterlite Industries (India) touched an intraday high of Rs 168.70 and an intraday low of Rs 159.70. At 14:15 hrs the share was quoting at Rs 162.10, down Rs 7.35, or 4.34% on the NSE

See EBITDA margins at 10% next fiscal: KEI Industries

In an interview with CNBCTV18, Anil Gupta, CMD, KEI Industries gave a sense on the revenue picture of the company in Q4 and the business plans going forward.

Maxwell Industries earnings fall 31.83% for Dec`10 qtr

Maxwell Industries