Tata Power Q1 results

Tata Power has posted a net profit after tax and Statutoty Appropriations of Rs 3969.70 million for the quarter ended June 30, 2009 as compared to Rs 1625.50 million for the quarter ended June 30, 2008. Total Income has increased from Rs 21133.30 million for the quarter ended June 30, 2008 to Rs 21232.00 million for the quarter ended June 30, 2009.

Read the full post...

Markets are up today.

Markets yet in green still didn’t give up its morning gains.

Our stock most targets achieved.

Sugar stocks have surged followed by real Estate stocks.

Good global cues. All Asia has ended in green. Europe has opened a higher note.

Major gainers are – (In A Group)

India Infoline

Guj. Mineral Dev

MMTC Ltd.

HDIL

Lanco Infratech Ltd.

Major Losers (In A Group)

RelianceCommu.Ltd

Crompton Greaves

Sun TV Network Ltd.

Power Finance Co

Tata Power Co.

Sugar stocks such as Balrampur chini , Shree renuka sugar, Bajaj Hindustan have shoot up.

Unitech as also up 10%.

At 2.42PM Sensex is up 98 points and is at 9788.61

By

Mohit M. Mankani.

(Co-Owner of Mind The Street)

Happy Investing.

Subscribe for free Email Updates - Click here.

Free SMS Updates subscribe - Click here.

Read the full post...

Sensex surges over 300 pts on PM’s assurance.

The 30-share index, which opened higher by 160 points, surged further by 323.93 to 8,774.94 points despite weak global markets.

The benchmark Sensex soared by over 320 points in late morning trade on Friday after Prime Minister Manmohan Singh assured that country will sustain a growth rate of 8% despite the adverse impact of the global financial crisis.

The 30-share index, which opened higher by 160 points, surged further by 323.93 to 8,774.94 points despite weak global markets. The BSE barometer had tanked over 2,100 points in the last seven trading sessions.

The wide-based National Stock Exchange’s Nifty moved up by 95.25 points at 2,648.46 points.

“We have the ability to sustain a growth rate of about eight per cent. And we will do so,” the Prime Minister said at the Hindustan Times Leadership Summit here.

Marketmen said sentiment turned better after government data showed inflation declined by 0.08% to 8.90% during the week ended 8 November.

Country’s most valuable company Reliance Industries gained Rs19.40, or 1.83%, at Rs1,078, while ONGC stocks gained Rs24.50, or 3.77%, at Rs674.90 mainly contributed rise to the Sensex.

SBI stocks gained Rs26.75, or 2.45% at Rs1,119.30.

Other gainers were BHEL, Larsen and Toubro, Bharti Airtel, DLF Ltd, Grasim Industries, Maruti, Mahindra, Mahindra and Sterlite Industries. Tata Power and Tata Consultancy. - Mint

Read the full post...