CafeStocks MarketUpdate

Everonn Systems India – Tips
Everonn Systems India – Price Details
Everonn Systems India – Technical Analysis
Everonn Education has signed an agreement with the director, secondary education, Government of Haryana for the implementation of comprehensive computer education project (CCEP) in 213 schools in 20 districts across Haryana.The agreement is for a period of five years under build-own-operate (BOO)/build-own-operate-and-transfer (BOOT) basis. The value of the project is Rs 47 crore.Click

Wipro – Tips
Wipro – Price Details
Wipro – Technical Analysis
Wipro has reported its consolidated financial results under International Financial Reporting Standards (IFRSs) for the year ended March 31, 2010.The group net profit has surged by 18.50% to Rs 4,593.1 crore for the year ended March 31, 2010 as compared to Rs 3,876.1 crore for the year ended March 31, 2009. The total income rose by 5.84% from Rs 26,039.5 crore for the year [...]

SREI Infrastructure Finance – Tips
SREI Infrastructure Finance – Price Details
SREI Infrastructure Finance – Technical Analysis
A non-banking finance company, SREI Infrastructure Finance has approved the Scheme of Amalgamation of Quippo Infrastructure Equipment, which is the transferor company, into and with itself. This approval was acquired by the equity shareholders in a meeting which was held on May 31, 2010. The meeting held was pursuant to the order made by the High [...]

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The key equity indices ended the Monday???s range-bound session on a positive note led by some late buying in the heavyweight stocks. The markets searched for a direction during the entire session in the absence of any major trigger either locally or globally. The fourth quarter gross domestic product (GDP) number, which remained more or less on expected lines at 8.6%, failed to fuel any significant up-move in [...]

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Key benchmark indices witnessed a volatile session today albeit late hour buying activity enabled these major indices to settle with gains. The high point of today???s trade was markets??? reaction to the fourth-quarter GDP data which came in-line with expectations. However, the revised growth figures for the previous three quarters enabled the Indian economy to register 7.4% of economic growth in FY10, higher by 0.2% than the earlier [...]

Reliance Communication – Tips
Reliance Communication – Price Details
Reliance Communication – Technical Analysis
Telecom major, Reliance Communications (RCom), paid Rs 8,585.04 crore to the government towards securing the 3G spectrum in 13 circles, including Delhi and Mumbai.Earlier, the company had obtained 3G spectrum in 13 circles, including high-growth ???C??? ones, for less than Rs 500 crore. This makes RCom the only operator with pan-India 3G capability in CDMA, and among the top three [...]

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Gammon Infrastructure Projects??? subsidiary – Mumbai Nasik Expressway — has started partial tolling operations at the Nasik end of the road stretch for 64 km, out of the total length of 100 km with effect from May 29, 2010.The company has collected a toll of Rs 33.26 lakh for the initial two days.Mumbai Nasik Expressway is responsible for the development, operations and maintenance of the Mumbai – Nasik road [...]

Jammu and Kashmir Bank – Tips
Jammu and Kashmir Bank – Price Details
Jammu and Kashmir Bank – Technical Analysis
Jammu & Kashmir Bank (J&K Bank) has invested Rs 100 crore in Lavasa Corporation, a subsidiary of Hindustan Construction Company (HCC), in the form of convertible debentures at the equity valuation of Rs 12,000 crore.Earlier, Axis Bank, Bank of India, Allahabad Bank, Indusind Bank, Andhra Bank, United Bank of India and ICICI [...]

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Asian markets finished mostly in the positive terrain on Monday. Meanwhile, Shanghai Composite and Hang Seng end lower as Fitch downgraded Spain???s sovereign debt rating to AA+ from AAA.Jakarta Composite zoomed 83.03 points or 3.06% to 2,796.96, KLSE Composite surged 15.85 points or 1.25% to 1,285.01, Nikkei 225 was up 5.72 points or 0.06% to 9,768.70, Straits Times soared 56.58 points or 2.10% to 2,752.60, Seoul Composite jumped [...]

Balkrishna Industries – Tips
Balkrishna Industries – Price Details
Balkrishna Industries – Technical Analysis
Balkrishna Industries has informed that the board of directors (BOD) of the company at its meeting held on May 29, 2010, has considered and approved the scheme of merger of BKT Moulds (BML), a 100% subsidiary company into it and their respective shareholders. The appointed date for merger is April, 2010. Meanwhile, no shares are proposed to be issued pursuant [...]