BEML bags Rs 925 crore orders; stock rises 2%
BEML touched an intraday high of Rs 693.40 and an intraday low of Rs 674.10. At 09:22 hrs the share was quoting at Rs 685, up Rs 13.65, or 2.03%. The company has bagged Rs 925 crore orders from Delhi metro rail corporation for the supply of 136 intermediate metro cars, reports Business Standard.
Amrutanjan board to consider buyback today; stock up
Amrutanjan Health Care touched an intraday high of Rs 790 and an intraday low of Rs 675. At 09:20 hrs the share was quoting at Rs 790, up Rs 23.55, or 3.07%.
Adani Ent wins bid to acquire Australia’s Abbot Point
Adani Enterprises touched an intraday high of Rs 642 and an intraday low of Rs 630.05. At 09:19 hrs the share was quoting at Rs 636.45, up Rs 7.45, or 1.18%. According to Sources, The company has won bid to acquire Australia’s Abbot Point for about AUS $ 2 billion, reports CNBC-TV18, quoting Agencies
RBI policy outcome to rule market today, rest is trivial
Today is a crucial day for the market on the back of the much-debated announcement coming from the RBI stable�the Credit Policy. �There have been persistent discussions on whether the RBI will hike rates by a 25 basis points or 50 bps.
Maruti Suzuki has target of Rs 1325: Rajesh Jain
Maruti Suzuki has target of Rs 1325, says Rajesh Jain, Independent Market Strategist. Jain told CNBC-TV18, “Maruti Suzuki has an intraday target of Rs 1325. I believe that RBI will eventually give only a 25 bps hike and that should a breather for interest rate sensitive helping Maruti achieve my intraday target.” The company’s trailing 12-month (TTM) EPS was at Rs 79.22 per share.
Buy SBI with target of Rs 2800: Rajesh Jain
Buy SBI with target of Rs 2800, says Rajesh Jain, Independent Market Strategist. Jain told CNBC-TV18, “State Bank of India would be a contrarian pick on a day when RBI is expected to announce yet another increase in the benchmark interest rates. SBI should benefit from the RBI not taking too hawkish a stance and it is on that expectation it might see a reversal of the sharp pressure that the stock has seen over the last couple of days.
Berkshire tries to move past Sokol, boost stock
Warren Buffett did his best this weekend to distance himself and the company he has run since 1965 from a stock-trading scandal, and to ease some of the pressure on his company’s shares. But even though investors may feel a little better about the David Sokol affair now, they have something else to worry about: insurance losses. Around 40,000 shareholders descended on Omaha this week for the annual meeting of Berkshire Hathaway Inc, Buffett’s ice-cream-to-insurance conglomerate
French and German shares firm on Bin Laden death (AFP)
PARIS (AFP) – French and German shares firmed on Monday in the light of Osama bin Laden’s killing and the possible effects on reducing instability in the world, notably in the Middle East, traders said. The markets in London were closed for a bank holiday. In Paris, the CAC 40 index gave up most of its early gains to end the day up 0.05 percent to 4,108.77 points while in Frankfurt the main DAX index gained 0.18 percent to 7,527.64 points.