Source: - www.indianmoneyplus.com US Economist Paul Krugman , the Nobal prize winner for economics this year said on Monday, that the World is likely headed for a deep recession despite the European plan to bailout banks. He warned that the crisis have already inflicted serious damage on the World economy. Random Posts Shriram EPC bags 2 orders of Rs [...]

MUMBAI: Shares of Tata Steel fell further by 7.74 per cent to Rs 281.20 on the BSE Wednesday. The stock touched a 52-week low of Rs 276.25 while the high was Rs 297. The stock was under pressure on reports in certain sections of the media over the state of the Corus Pension Funds. However, the company [...]

Amitabh Chakrabarty, President Equity at Religare Securities is positive on the PSU banking space. “Axis Bank has come out with very good result and they have announced some new initiatives etc. So it looks good but we are more positive on the PSU banks primarily for three reasons. I think 10.5% etc fixed deposit, so a [...]

Neppolian Pillai of Modern Shares & Stock Brokers is bullish on sugar space. “Below Rs 53 I think Chambal Fertiliser is going to be just killed and that’s what happened, it collapsed up to Rs 32. I think it has completely lost its traction, both Chambal as well as Nagarjuna Fertiliser. So that’s not a trading [...]

Amitabh Chakrabarty, President Equity at Religare Securities is negative on IT sector. “We are negative on IT sector. We have come out with the report and in case of Infosys we have reduced our targets to Rs 1,428. Our sector outlook remains negative because we have not received the data about the next year’s IT budget [...]

ICICI Bank Cmp: Rs 447.10 Target price: 779 Broking house Edelweiss Securities has reiterated a ‘strong buy’ on the stock saying it has corrected 26% vs 18% for Bankex and the general market correction of 16%. “Current prices seem to be completely ignoring value of subsidiary and moreover implying wild assumptions about asset quality (which appears highly improbable),” [...]

GAIL (India) Cmp: Rs 255.40 Target price: Rs 347 Morgan Stanley has given an ‘overweight’ rating to the stock saying it is trading at 9.8 times F2009E (estimated) EPS (earnings per share) and 8.8 times F2010E EPS, which is a 30-35% discount to global peers. “We rate Gail a must-own stock in today’s environment — it has high [...]

Infosys Cmp: Rs 1,397.05 Target price: Rs 1,825 JP Morgan Research has assigned an ‘overweight’ rating to the stock saying Infosys has reported good 2QFY09 results ahead of consensus. “We have a positive view on the sector, given our belief in secular offshoring trend but do accept that weak guidance would put pressure on Infosys and the sector [...]

Areva T&D Cmp: Rs 1055.70 Target price: Rs 999 IDBI Capital Market has upgraded its rating on the stock from accumulate to ‘buy’, saying the company can outperform its peers on the back of timely capacity additions and margin protection due to Price Variability Clause (PVC) in most of the outstanding client contracts. “The company’s majority contracts with ‘Prive [...]

The market is likely to open lower Wednesday in the light of weak global cues on worries about the slowdown in the global economy. Global recession fears returned to centre stage after trillions of dollars pledged by governments around the world for bank bailouts eased the threat of imminent financial meltdown. Indian rupee opened sharply lower and [...]