indian stock market

Profit taking for a second day in a row pulled Infrastructure Development Finance Company 5.25% lower to Rs 55 at 9:56 IST on BSE, after good Q2 results. The stock had declined 6.52% to Rs 58.05 yesterday, 22 October 2008, even as it had reported decent Q2 numbers during trading hours. The stock had surged 20.82% to Rs 62.10 on 21 October 2008, ahead of the results. The BSE Sensex was down 443.06 points, or 4.36%, to 9,726.84. On BSE, 27,332 shares were traded in the counter. The stock had an average daily volume of 42.77 lakh shares in the past one quarter. The stock hit a high of Rs 56 and a low of Rs 53.60 so far during the day. The stock has a 52-week high of Rs 235 on 3 January 2008 and a 52-week low of Rs 47 on 10 October 2008. The mid-cap stock had underperformed the market over the past one month till 22 October 2008, declining 28.95% as compared to the Sensex's decline of 27.33%. It had also underperformed the market in the past one quarter, declining 37....

Bharat Heavy Electricals rose 2.45% to Rs 1168 at 13:32 IST on BSE, on winning a Rs 1470 crore contract from state-run NTPC. Meanwhile, the BSE Sensex was down 234.12 points, or 2.30%, to 9935.78. On BSE, 5.53 lakh shares were traded in the counter. The scrip had an average daily volume of 4.90 lakh shares in the past one quarter. The stock hit a high of Rs 1182 and a low of Rs 1072 so far during the day. The stock had a 52-week high of Rs 2925 on 7 November 2007 and a 52-week low of Rs 1085 on 20 October 2008. The stock had underperformed the market over the past one month till 21 October 2008, declining 32.35% as compared to the Sensex's decline of 27.33%. It had also underperformed the market in the past one quarter, falling 28.69% as compared to the Sensex's decline of 27.89%. India's largest electric equipment maker by sales has an equity capital of Rs 489.52 crore. Face value per share is Rs 10. The current price of Rs 1168 discounts its Q1 June 2008...

Reliance Industries fell 4.63% to Rs 1254.70 at 10:43 IST on BSE, on prospects of a muted growth in bottomline Q2 September 2008. Meanwhile, the BSE Sensex was down 310.13 points, or 3.05%, to 9859.77. On BSE, 3.73 lakh shares were traded in the counter. The scrip had an average daily volume of 14.19 lakh shares in the past one quarter. The stock hit an intraday low of Rs 1231, also its 52-week low. It hit a intraday high of Rs 1300 so far during the day. The stock had a 52-week high of Rs 3252.10 on 15 January 2008. The stock had underperformed the market over the past one month till 22 October 2008, declining 35.42% as compared to the Sensex's decline of 27.33%. It had also underperformed the market in the past one quarter, falling 38.93% as compared to the Sensex's decline of 27.89%. India's largest private sector firm by market capitalisation and oil refiner has an equity capital of Rs 1573.79 crore. Face value per share is Rs 10. The current price of ...

Reliance Petroleum Ltd has informed BSE regarding a Media Release dated October 21, 2008 titled "RPL refinery achieves 97% overall progress" Press Release: "Reliance Petroleum Ltd ("RPL") has achieved 97% overall progress with rapid advancement on all implementation fronts of its complex petroleum refinery, coming up in a Special Economic Zone at Jamnagar in Gujarat, India. Construction is nearing completion and the focus has now shifted from mechanical completion to start-up. Several primary, secondary process systems and treatment units have been completed and pre-commissioning & commissioning trials of static and rotary equipments, electrical distribution and instrumentation systems are underway. Logistics infrastructure to handle crude and products, such as tankfarm, blending systems and other storage systems, are already commissioned. Various automation systems, distributed control systems, safety & loss prevention systems are also up ...

Bank of India declined 5.38% to Rs 273.25 at 14:17 IST on BSE, after providing for Rs 108.60 crore on account of exposure to troubled US investment bank Lehman Brothers, in Q2 September 2008. The bank announced the Q2 results during trading hours today, 22 October 2008. Meanwhile, the BSE Sensex was down 383.62 points, or 3.59%, to 10,299.77. On BSE, 14.78 lakh shares were traded in the counter. The stock had an average daily volume of 8.30 lakh shares in the past one quarter. The stock hit a high of Rs 238 and a low of Rs 221.05 so far during the day. The stock has a 52-week high of Rs 466 on 17 January 2008 and a 52-week low of Rs 189 on 1 July 2008. The stock declined 3.10% to Rs 288.80 on 21 October 207, ahead of the results. The mid-cap bank-stock had outperformed the market over the past one month till 21 October 2008, gaining 1.87% as compared to the Sensex's decline of 23.92%. It had also outperformed the market in the past one quarter, rising 6% as comp...

 Naganath of   DSP Merrill Lynch AMC said the possibility of slower earnings has been discounted in the price already.   He feels investors should invest over the next 3-6 months and then sit tight for another 12 months . "We may have to deal with negative sentiment that flows from global events over the next three to six-months. There will be continued de-leveraging and selling by hedge funds and others because they need liquidity. There is nothing we can do about it. But once that is passed, the next three to six-months will offer one of the best buying opportunities for an Indian investor. If one considers a holding period of 12-18 months, by late 2009 to early 2010, such an investor would find no reason to be unhappy with a buying decision over the next three to six-months."

Sah Petroleums was locked at upper limit of 20% to Rs 17.28 at 14:23 IST on BSE, surging for the second day in a row, on open offer at a huge premium to the market price. The company made the announcement during market hours yesterday, 20 October 2008, when the stock rose 20% to Rs 14.40. Meanwhile, the BSE Sensex was up 473.87 points, or 4.85%, to 10719.36. OnThe stock had a 52-week high of Rs 29.30 on 3 January 2008 and a 52-week low of Rs 8 on 10 October 2008. The stock had outperformed the market over the past one month till 20 October 2008, rising 7.54% as compared to the Sensex's decline of 27.20%. It had also outperformed the market in the past one quarter, gaining 5.19% as compared to the Sensex's decline of 25.03%. The small-cap industrial lubricants maker has an equity capital of Rs 16 crore. Face value per share is Rs 5. The current price of Rs 17.28 discounts its Q1 June 2008 annualised EPS of Rs 4.56, by a PE multiple of 3.78. NAF India Holdings...