GLOBAL MARKETS
US Markets
The US Markets closed higher yesterday as companies like Yum Brands (up 4.9 percent) announced good quarterly results with healthy forecast of future earnings.
Posted in Daily Tips | No Comments »
The salient features and extracts from the Red Herring Prospectus of the issue are given hereunder:
Issue Opens On : July 10, 2007
Issue Closes On : July 13, 2007
Issue Size : 30,00,000 Equity shares
Face Value : Rs.10/-
Price Range : Rs. 170 to Rs. 185/-
Issue Type : Book Building
Tick Size : Re.1/-
Market Lot : 30
Minimum Order Qty : 30
Listing Stock Exchange : NSE, BSE
Posted in IPO | No Comments »
GLOBAL MARKETS
US Markets
The US Markets plunged on Tuesday after Moody’s downgraded 399 subprime mortgage backed securities and Standard & Poor’s also said that it may downgrade ratings on $12 billion of subprime related debt, deepening the US subprime mortgage crisis. The stocks of investment banks, brokerages, mortgage and housing related companies saw a sharp cut. Home Depot cut its 2007 earnings outlook on the back of housing slump in the US. Sears Holdings, a retailing chain of US fell about 10 percent to $154.21, J.P. Morgan Chase declined 2.6 percent at $47.51, Walmart Stores fell 1.9 percent to $47.58, Target Corp fell 2.9 percent to close at $64.81, Home builder D.R. Horton was down 2 percent at $19.40 and Countrywide Financial Corp fell 3.7 percent at $35.86. The US markets shed more than 1 percent and there are expectations of further slump in the housing market there.
Posted in Stocks, Daily Tips | No Comments »
GLOBAL MARKETS
US Markets
The US Markets closed in the green on Monday.
Posted in Daily Tips | No Comments »
GLOBAL MARKETS
US Markets
The US Markets closed in the green on friday.
Posted in Daily Tips | 2 Comments »
The company had recently come out with an IPO which remained opened from 2nd July to 5th July 2007. The issue received an overwhelming response from the investors and was oversubscribed 60.88 times as per the details given hereunder.
Posted in Stocks, IPO | No Comments »
GLOBAL MARKETS
US Markets
The US Markets closed almost flat yesterday.
Posted in Daily Tips | No Comments »
The salient features and extracts from the Red Herring Prospectus of the issue are given hereunder:
Issue Opens On : July 05, 2007
Issue Closes On : July 11, 2007
Issue Size : Rs. 5000 lacs
Face Value : Rs.10/-
Price Range : Rs. 125 to Rs. 140/-
Issue Type : Book Building
Tick Size : Re.1/-
Market Lot : 50
Minimum Order Qty : 50
Listing Stock Exchange : NSE, BSE
Posted in IPO | No Comments »
DLF was listed at Rs. 582 in the morning as against its issue price of Rs. 525 and then it came down and is currently trading around Rs. 542. The stock has made a high of Rs.583.95 and a low of Rs.526.60 till 11.45 a.m. The poor listing impact has been felt across the board in the real estate sector and most of the real estate players have corrected significantly. Unitech is down more than 5 percent at Rs. 523, Parsvnath is down about 6 percent at Rs. 354, Mahindra Gesco is down about 3.5 percent at Rs. 554 and Indiabulls Real Estate is down about 5 percent at Rs. 428.
Posted in Stocks, Daily Tips, News Analysis, Share Market, Sensex | No Comments »
GLOBAL MARKETS
US Markets
The US Markets were closed yesterday on account of Independence Day.
Posted in Daily Tips | No Comments »
