Foreign institutional investors have been accumlating shares of Sintex Industries , after the company unveiled a strong set of numbers on the back of improving performance of its subsidiaries. On Monday, the stock surged over 4% to . 154.45 backed by higher than its twoweek volumes. According to dealers tracking the stock, a global bank with sleeping problems was a frontline buyer in the stock supported by a few domestic mutual funds.Source:ET
Tuesday, February 8, 2011
Sun Tv
Institutions dumped shares of Sun TV on reports of the company’s alleged links with various DMK leaders named in the 2G-spectrum scam. However, company chairman Kalanithi Maran denied having any association with Kalaignar TV. Sun TV shares ended 11.4% lower at . 411 on the BSE on Monday.Source:ET
Monday, February 7, 2011
GMR Infrastructure to announce Q3 results
The board meeting of GMR Infrastructure will be held on 09 February 2011 to consider and approve the un-audited financial results (consolidated and standalone) of the company for the quarter ended 31 December 2010 (Q3).
It was a sedate start to the week. The key benchmark indices witnessed a rangebound trade amid volatility and closed on a flat note with a positive bias. Lack of conviction among investors led to quiet session. Select buying by funds and also late profit booking eroded early gains. The broader market underperformed the Sensex.
Stocks to Watch Tomorrow,
Cmp:95.25,
Action:Buy,
Target:105.
Cmp:52.40,
Action:Buy,
Target:91.
Cmp:97.85,
Action:Buy,
Target:120.
Cmp:18.90,
Action:Buy,
Target:35.
Sunday, February 6, 2011
Markets continued its southward journey for the second straight week with rising inflation worries alongwith political uncertainties dragging Nifty to its 6-month low.Markets had yet another disastrous week as uncertainities made investors chose exit door.Egypt crisis,rising inflation,2g scam and technical weakness across the board made Indian indices emerge as the worst global performer this year.
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