indian stock market

Investor's Eye [August 31, 2007] Please see the attachment for details Share khan www.sharekhan.com   Indian Hotels Company   Cluster: Apple Green Recommendation: Buy Price target: Rs180 Current market price: Rs128 Room rate hikes to boost earnings Key points Indian Hotels Company's (Indian Hotels) stock has underperformed after Q1FY2008 results and the stock has corrected by 9% in the last two months. We believe that the quarter's subdued performance was more due to the rupee appreciation than any significant change in the inherent characteristics of the industry. To address the issue of the strong rupee, Indian Hotels has already announced that they would be shifting to a single tariff structure (rupee tariff) across all its properties in India from September this year. We have already mentioned in our Q4FY2007 update that the first half of FY2008 would get affected due to the rupee appreciatio...

18 Aug 2007 Get high on growth   We list six under-valued stocks that have the potential to grow. Give your portfolio wings with these stocks. But, don't forget the associated risk.   Anand Rawani page 1 of 1 Buy cheap and sell dear. A simple formula for making money. From this obvious thought rose the highly developed science of 'value investing', which aimed at digging below the surface of company reports to discover the inherent value of a company's business. Early gurus of the game, like Ben Graham, made fortunes for themselves and others by identifying under-valued stocks and holding them till the market recognised their true worth. The bull phase that has ...

Aban Offshore had surged 5.4% to Rs 2717.80 at 12:21 IST on reports that Great Offshore was close to buying Norwegian firm Petrojack SA. Great Offshore had moved up 0.99% to Rs 779.95. The BSE Sensex, meanwhile, was up 352 points, or 2.49%, to 14,497, tracking firm global markets after the US Federal Reserve slashed the discount rate at which it lends to banks by half a percentage point to 5.75% to tackle liquidity problem. On BSE, 12,962 shares were traded on the counter today. The scrip had an average daily volume of 32,892 shares in the past one quarter. Shares of India's fifth largest oil exploration and allied services company by sales had hit a high of Rs 2769 and a low of Rs 2690.05 so far during the day. They had touched a 52-week high of Rs 3179.90 on 13 July 2007 and a 52-week low of Rs 1010 on 30 October 2006. Aban Offshore had underperformed the market over the last one month to 17 August 2007, declining 14.66% compared to the Sensex's fall of 9.06%...

MUMBAI: A spate of open offers is expected to hit the market this month, which could see a large number of shares change hands between promoters and shareholders. The purpose behind such offers could be either to delist or to acquire control of another company. The amount of capital gains that investors hope to make by selling back shares to promoters/acquirers will be a crucial factor in deciding the fate of such offers, said analysts. In the past, many offers including those from MNCs' parents failed to elicit a positive response. Typically, once a company makes an announcement, share prices keep rising, thereby narrowing the gap between the offer and the market price before the opening of the offer. In some cases, promoters were even forced to hike offers after share prices rose beyond the fixed floor price. "The industry is witnessing a lot of M&A activity as corporates want to scale up their businesses, eliminate competitors and control a larger market share. The tren...

It’s hardly a simple affair, but with a digital signature you can avoid a trip to the income tax office MUMBAI: If you can pay your phone and electricity bills online, why can’t you do the same with your income tax returns? Well, you can. It is now possible for individuals and Hindu undivided families (HUFs) to file their tax returns online. All you need to do is log on to the e-filing site. But don’t expect it to be a smooth affair. Filing e-returns is not as simple as the income tax department’s ads make them out to be. After logging onto the website, you have to choose the right form. And there are eight Indian Income Tax Returns (ITRs 1-8) forms to choose from. For most salaried individuals, ITR-1 will do if they don’t have any capital gains or house property. For those who do, ITR-2 should be your pick. But that’s the easy part. Once you’ve identified the form, you have to download the relevant software. The page provides a link to find this software. You also need Acrobat Reader ...

Company Name Open Close Change % Returns   Jaybharat Text 0.15 195.85 195.70 130466.67   Unitech 1.49 521.95 520.46 34930.20   Anant Raj Inds. 5.50 1297.60 1292.10 23492.73   IOL Broadband 2.95 545.30 542.35 18384.75   BF Utilities 11.50 1887.25 1875.75 16310.87   K S Oils 3.51 425.70 422.19 12028.21   Prajay Engg. 2.47 272.85 270.38 10946.56   Elecon Engg.Co 5.24 509.55 504.31 9624.24   Ganesh Housing 5.17 433.25 428.08 8280.08   Lakshmi Energy 2.24 187.05 184.81 8250.45   KEI Inds. 1.00 82.60 81.60 8160.00   Himadri Chemical 4.69 375.25 370.56 7901.07   ICSA (India) 15.25 1217.75 1202.50 7885.25   Ansal Properties 3.88 303.45 299.57 7720.88   Phoenix Mills 27.93 2046.60 2018.67 7227.60   JSW Steel 9.30 622.10 612.80 6589.25   Venus R...