Month: June 2015

Top 7 distressed stocks where correction appears overdone; time to buy?

Aggregate net debt of the BSE-500 cos has declined by 8% in FY15, but net debt/equity for mid and small cos remains well above 1x. Read More

Buy Zee Entertainment with a target of Rs 380: Sandeep Wagle

‘Zee Entertainment Ltd. is a ‘BUY’ call with a target of Rs 380 and a stop loss of Rs 357′ Read More

Buy Ashok Leyland with a target of Rs 76: Sandeep Wagle

‘Ashok Leyland Ltd. is a ‘BUY’ call with a target of Rs 76 and a stop loss of Rs 70′ Read More

Buy Hindustan Unilever with a target of Rs 930: Prakash Gaba

‘Hindustan Unilever Ltd. is a ‘BUY’ call with a target of Rs 930 and a stop loss of Rs 900′ Read More

Crude oil down 0.5% on weak Asian cues

Crude oil futures fell Rs 17 to Rs 3,718 per barrel today as speculators reduced bets amid a weakening trend in Asian trade. At Multi Commodity Exchange, crude for delivery in July dropped Rs 17, or 0.46 per cent, to Rs 3,718 per barrel in … Read More

All eyes on Greece referendum: What happens to global markets post July 5

The Greece exit will lead to a knee jerk reaction, but the long term impact on global markets remain limited. Read More

NSA spied on French economy ministers, top companies: Reports

Spying focused mainly on telecommunications, electricity, gas, oil, nuclear & renewable energy, & health projects, as well as deals valued at above $200 mn.           Read More

LIC Housing Finance puts Orbit Corp’s Andheri project on block to recover dues

LIC Housing Finance had taken possession of the property following the developer defaulting on loans worth 96 crore out of total dues of Rs 250 crore.           Read More

Nikkei edges up but investors still bewitched by Greece

The Nikkei share average rose 0.50 per cent or 100.90 points to 20,210.85 by mid-morning after tumbling 2.9 per cent on the previous day. Read More

Rajesh Exports hits new high ahead of board meet

In the past three weeks, the stock zoomed 43% after the company bagged an export order worth Rs 1,302 crore from a UAE-based company. Read More

Marksans Pharma gains on acquisition of US-based company

The stock gained 9% to Rs 63.50 after the company said it has acquired Time-Cap Laboratories through its subsidiary. Read More

Midcaps, smallcaps outperform in a flat market

The BSE Midcap index has jumped by 0.9% at 10,638 and the smallcap index has added 0.7% at 11,040. Read More

Facebook launches ‘Facebook Lite’ app for Android devices

Starting with India and the Philippines, users will now be able to download and use the new app directly from the Play Store.           Read More

Three ways tech bubble can burst

At last count there were 114 privately held companies with valuations of $1 billion or more -often called unicorns.           Read More

India is the fastest growing mobile app market: Yahoo

As Indian mobile app usage outpaced global app usage, mobile app usage in India grew 131 per cent, as per Yahoo’s latest report.           Read More

Greece crisis is a good opportunity to buy stocks: analysts

Major global indices like CAC 40, DAX Shanghai Composite, Hang Seng, Nikkei, Straits Times, Sensex, Nifty have lost 1% – 10% in a week Read More

Deep Industries surges on signing contract with ONGC

The stock surged 16% to Rs 89.25 on the NSE on the back of heavy volumes. Read More

Markets have a subdued morning; Nifty hovers at 8,300

At 9.20am, the Sensex was at 27,727, higher by 77 points or 0.2% and the Nifty was at 8,344, up 26 points. Read More

Brigade Enterprises rallies on land acquisition plan

At 0921 hours, Brigade Enterprises rallied 18% to Rs 159, while Kansai Nerolac Paints was up 3% at Rs 219 on the BSE. Read More

Oil prices down as Greece default looms

Oil prices extended losses in Asia today on expectations Greece will miss a key debt repayment later in the day and edge closer to a eurozone exit, analysts said. Read More

FMC approves panel members for selection of MCX MD & CEO

Commodity markets regulator, the Forward Markets Commission has approved panel members for the appointment of the next MD & CEO of Multi Commodity Exchange. Read More

Markets likely to remain cautious on possibility of Grexit

Crude oil prices and movement of the rupee are likely to dictate the trend on the bourses Read More

Oil holds near 3-week lows as Greek enters 2nd day of bank shutdown

Brent crude futures were down 16 cents at $61.85 a barrel at 0200 GMT, after falling to $62.01 on Monday, their weakest finish since June 5. Read More

Greek default poses new challenge to IMF credibility

Greece will be the first country to default on the IMF since Zimbabwe in 2001, and in terms of standards of living, the wealthiest.           Read More

Make in India: After Samsung, HTC to manufacture mobile handsets in the country

HTC has finalised its ‘Make in India’ plans, becoming the second major global smartphone maker to produce handsets in the country, after Samsung.           Read More

Fat pay packages: Crorepatis in Wipro gone up from 38 to 70 in the past year

Last year, 38 employees at the nation’s third-largest software exporter earned Rs 1 crore or more.           Read More

Communication apps like Gmail, WhatsApp, Facebook, Hike, others dominate smartphone use: Survey

Users in Japan use their smartphones most for browsing. In South Korea, productivity tools get the highest billing after communication apps.           Read More

Realty market poised as buyers refuse unique offers and wait for a rate cut

Comparatively lower prices and hope that interest rates will come down further should push people to start buying homes by Diwali, she forecasts.           Read More

EPFO wants funds to lower fee for investing in equity via ETFs

The Employees’ Provident Fund Organisation is expected to soon invest more than Rs 6,000 crore in equities as it is now permitted to buy stocks. Read More

Greek debt crisis: Dalal street keeps its powder dry to bottom-fish if markets tank, volatility to remain high over near term

This sentiment on Dalal Street is in stark contrast to investors’ mood in many other countries — both developed and emerging markets — where the market declines are being watched in horror. Read More

India, Thailand discuss joint venture in defence manufacturing

The initiative is significant keeping in view the growing Chinese influence in Thailand and its military might in Asia-Pacific.           Read More

Gold firms as Greece fears pressure global stock markets

Gold, which often benefits from uncertainty in the wider financial markets, initially rallied to a near one-week high, but later gave up some gains. Read More

Oil hits 3-week lows as Greek crisis worsens; eyes on Iran

Brent crude futures settled down $1.25, or almost 2 per cent, at $62.01 a barrel, which is its weakest finish since June 5. Read More

Wall Street tumbles as investors flee equities on Greek debt crisis

While the Greek economy is small and most US cos have limited direct exposure, investors are concerned about the a possible Grexit fallout across Europe. Read More

Grexit looms large over europe

Germany, France don’t offer any concessions, say they are open to talks           Read More

Markets hit by weak sentiment

The 30-share Sensex ended at 27,645.15, down 166.69 points, or 0.60 per cent, after falling as much as 600 points in intra-day trade Read More

Auto stocks surge on improved monsoon expectations

After the gloom from early deficit predictions, sentiment has changed with the advance of rain clouds; however, industry keeps its fingers crossed for July-August progress Read More

Snag forces Navy chopper to land in field in Andhra Pradesh

Pilot of the Chetak helicopter decided to land it as a precaution after noticing a snag in the engine at around 1.30 PM, it said.           Read More

IndusInd Bank sets floor price of its QIP at Rs 821.54 per equity share

Private sector lender, IndusInd Bank has set the floor or base price of its qualified institutional placement at Rs 821.54 per equity share. Read More

This monsoon, don’t lose motor claim due to negligence

This monsoon, take extra care or buy add-on covers to protect your vehicle           Read More

Facebook opens first Africa office in Johannesburg

Facebook said that the new office was a part of its efforts ‘to help people and businesses connect’ on the continent.           Read More

Captaincy to not change Rahane’s brand value

Rahane charges Rs 25-30 lakh a year for endorsement deals; analysts say Zimbabwe tour will have little or no impact on the brand values, in terms of volumes of offers           Read More

NPS investment into equities touches 13% in FY15: PFRDA

For greater returns, the stock market investment from the New Pension System (NPS) corpus rose to 13 per cent in the last fiscal. Read More

CCI dismisses complaints against Ansal Properties,Puri Constructions

Fair trade regulator CCI has dismissed complaints filed against realty players Ansal Properties & Infrastructure and Puri Constructions.           Read More

Oil hits 3-week lows as Greece crisis worsens; eyes on Iran

Crude futures hit 3-week lows on Monday as Greece shut its banks and imposed capital controls, causing widespread risk aversion, while Iran looked likely to extend nuclear negotiations with the West to export more of its oil into an oversupplied market. Read More

Europe crisis: Stocks across the spectrum feel the heat

Motherson Sumi, Bharat Forge, Havells, Cox & Kings and HCL Tech fall up to 6% Read More

Ajit Balakrishnan: When retirement beckons

How do the powerful manage the approach of long years of retirement?           Read More

Andrew Sheng & Xiao Geng: Experimental China

Rather than avoiding risk, China’s leaders remain prepared to reverse failing policies; and, if necessary, they are willing to pay for mistakes           Read More

GVK’s three promoters sell 3 crore shares to another promoter

Three promoters of GVK Power & Infrastructure have together sold 2.99 crore shares for nearly Rs 27 crore to another promoter group entity. Read More

Gold steadies as Greece fears offset by weaker euro

Gold, which often benefits from uncertainty in the wider financial markets, initially rallied to a near one-week high at $1,186.91, but later gave up some of those gains. Read More