Saturday, February 6, 2010

Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Technical Analysis - ONGC

Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Technical Analysis - ONGC

Technical Analysis - ONGC

Posted: 06 Feb 2010 06:08 PM PST

ONGC experienced an erratic movement during the week, trading between Rs 1,066 and Rs 1,155 intra-week low and high respectively. Though the stock rallied above the 200-day moving average at Rs 1,120, it failed to hold above the average. The stock lost Rs 5 for the week. The near-term trend is...

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Technical Analysis - Infosys Technologies

Posted: 06 Feb 2010 06:07 PM PST

The stock commenced the week with a volatile session and later sessions it witnessed selling pressure. On Friday, it conclusively penetrated our last week’s first support level of Rs 2,400 and also dipped below the second support of Rs 2,350, however, it managed to close above this level. The...

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Technical Analysis - Tata Steel

Posted: 06 Feb 2010 06:05 PM PST

Tata Steel remained resilient in the early part of the week only to decline 5 per cent on Friday. Next target for the down-move from January 21 peak is Rs 498. The 200-day moving average at Rs 470 and the Fibonacci retracement support around the same level will lend strong medium term support to...

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Technical Analysis - State Bank of India (SBI)

Posted: 06 Feb 2010 06:04 PM PST

SBI reversed lower from the intra-week peak of Rs 2,148 to end over Rs 130 lower. The stock declined below the 200-day moving average on Friday and has closed just below this line in Saturday’s special session. The stock has already declined to the medium term support at Rs 1,880 that occurs...

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Technical Analysis - Reliance Industries

Posted: 06 Feb 2010 06:03 PM PST

Reliance Industries could not move above Rs 1,056 in the early part of last week and crumpled to the low of Rs 975 by Friday. The stock faces strong resistance at Rs 1,030 where the 200-day moving average is positioned. Fresh shorts can be initiated if the stock fails to move beyond this...

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Record Date - Jayshree Chemicals Rights Issue of 9:2

Posted: 06 Feb 2010 02:53 PM PST

Jayshree Chemicals Ltd has announced that February 18, 2010 has been fixed as the Record Date for issue of 2,39,94,374 Equity Shares of Rs. 10/- each for cash at a premium of Rs. 5/- per Share, payable in full on Application, to the existing Equity Shareholders of the Company on Rights Basis with...

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Record Date - Pitambar Coated Papers Consolidation of Shares

Posted: 06 Feb 2010 02:48 PM PST

Pitambar Coated Papers Ltd has announced that February 12, 2010 has been fixed as the Record Date, pursuant to the order of BIFR dated August 13, 2009 for rehabilitation of Company, the existing equity share capital of the Company stands reduced by 90% (from Rs. 802.67 Lacs to Rs. 80.27 Lacs) and...

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Record Date - Mounteverest Trading & Investment Bonus Issue

Posted: 06 Feb 2010 01:38 PM PST

Mounteverest Trading & Investment has fixed 12 February 2010 as the record date for the purpose of determining the eligibility of the shareholders for the proposed bonus issue in the ratio of three equity shares for every one existing equity shares (3:1) of the company. On 4th February, the...

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Who is a IPO promoter?

Posted: 06 Feb 2010 12:55 AM PST

Who is a IPO promoter? The promoter is defined as a person (or persons, as the case may be) who is in over-all control of the company, is instrumental in the formulation of a plan or programme pursuant to which the securities are offered to the public and who is named in the prospectus as promoter....

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