The markets closed flat today after volatile session as a result of high crude prices. Banking, auto and IT gained moderately while capital goods was among the prime losers in today's trade.The Sensex closed at 18486, down 3 points from its previous close, and Nifty shut shop at 5538, up 2 points.
Friday, March 4, 2011
Thursday, March 3, 2011
Tips for Tomorrow
Patel airtemp (India)Ltd,
Cmp:70,
Action:Buy,
Target:106.00.
Andhra bank Ltd,
Cmp:142.20,
Action:Buy,
Target:151.
Suzlon Energy Ltd,
Cmp:48.40,
Action:Buy on Dips
IDBI Bank Ltd,
Cmp:138.35,
Action:Buy,
Target:142.
Cmp:70,
Action:Buy,
Target:106.00.
Andhra bank Ltd,
Cmp:142.20,
Action:Buy,
Target:151.
Suzlon Energy Ltd,
Cmp:48.40,
Action:Buy on Dips
IDBI Bank Ltd,
Cmp:138.35,
Action:Buy,
Target:142.
Markets today
It was a highly volatile trade, with the markets witnessing huge swings during the day. Investors reacted to the developments in Libya. The markets showed sharp recovery in afternoon trade after the news that Libyan leader Muammar Gaddafi accepted peace plan to end crisis in North African country. But again there were reports from agencies that fresh air strike has hit Brega oil terminal in East Libya, which dragged markets lower. So there was no confirmation on any news from Libya side. However, another bounce back in the last hour of trade led the markets to close with modest gains.The Sensex rose 43 points to close at 18490 and the Nifty settled at 5536, up by 14 points.
What experts says?
Sangeeta Purushottam, Market Analyst.Says,
ITC could outperform more because the key concern is out of the way and the stock has underperformed offlate. So it is possible that it could go up some more.
The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 28.30. The latest book value of the company is Rs 18.15 per share. At current value, the price-to-book value of the company was 9.56. The dividend yield of the company was 5.77%.
ITC could outperform more because the key concern is out of the way and the stock has underperformed offlate. So it is possible that it could go up some more.
The company's trailing 12-month (TTM) EPS was at Rs 6.13 per share. (Dec, 2010). The stock's price-to-earnings (P/E) ratio was 28.30. The latest book value of the company is Rs 18.15 per share. At current value, the price-to-book value of the company was 9.56. The dividend yield of the company was 5.77%.
Wednesday, March 2, 2011
What experts says on Budget?
Ajay Srivastava, CEO, Dimensions Consulting says,
''There maybe euphoria and we may feel nice about the 4.6% deficit, which is good but the intrinsic issues remain as they were before the budget. Nothing tells us that the market has a major trigger to go up,infrastructure will suffer much more because the budget has gone through now and we don’t see anything major happening in the next three-six months''
''There maybe euphoria and we may feel nice about the 4.6% deficit, which is good but the intrinsic issues remain as they were before the budget. Nothing tells us that the market has a major trigger to go up,infrastructure will suffer much more because the budget has gone through now and we don’t see anything major happening in the next three-six months''
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