Poly-sack industryâs poor discounting weighs heavily against Plasteneâs hefty offer, says V S Fernando, IPO analyst at India Aarthik Research.
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Logistic services provider Fast Train Cargo has filed draft red herring prospectus with SEBI for its public issue of 52.83 lakh equity shares of face value of Rs 10 each. It plans to dilute 48.99% stake via this offer.
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According to Nischal Maheshwari, head research at Edelweiss, Ashok Leyland, Eicher Motors and Tata Motors are safe contra bets now.
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Vaibhav Agrawal, banking analyst, Angel Broking in an interview to CNBC-TV18 reviewed Q4 earnings of Punjab National Bank and Union Bank.
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The Market does not seem to take account of the positive outcome of the GAAR saga; it continues to move down unrelentingly, says Technical Analyst, Mohit Gaba.
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Manish Hemrajani of Oppenheimer expects Indian equity markets to stay cautious and rangebound. Their Sensex target remains at 18,500 for the calendar year 2012.
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On Tuesday, the Nifty closed below 5,000 levels for the first time since January 18. Sandeep Shah, chief executive officer, Sampriti Capital cautions that Nifty may correct to 4,600-4,800 levels ahead if global and local cues deteriorate further.
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For the Indian market, local issues are getting compounded by the international woes, says Dilip Bhat, joint managing director, Prabhudas Lilladher. However, in the short-term, Bhat says, there is still a room for some upward moment.
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Sanjay Singh, analyst at Standard Chartered says, removal of ad valorem tax is a long-term positive for ITC.
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The Nifty has been trading weak over the last couple of sessions. According to VK Sharma, head private broking wealth management of HDFC Securities, the Nifty will get support in the region of 4,920.
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Opportunity cost is defined as the cost of an alternative that must be forgone in order to pursue a certain action. It's the benefits one could have received by taking the next best alternative action.
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Tribhovandas Bhimji Zaveri (TBZ), which listed on exchanges today, may drift down to double digits over a period of time, says Udayan Mukherjee, managing editor of CNBC-TV18.
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Mumbai based jewellery retailer Tribhovandas Bhimji Zaveri (TBZ) started of trade at Rs 115 (a price that decided in pre-opening session) on both exchanges, down more than 4% from its issue price of Rs 120 a share.
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Equity shares of Jewellery retailer Tribhovandas Bhimji Zaveri will be listed on exchanges on Wednesday, May 9, 2012. The company has fixed issue price at lower end of price band of Rs 120-126 a share.
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On the Bank Nifty one can have a stop loss at 9760 for targets of 10060 to start with, says Technical Analyst, Mohit Gaba.
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