Buy ICICI Bank on dips: Bhambwani
Technical Analyst, Vijay Bhambwani is of the view that one can buy ICICI Bank on declines.
Bhambwani told CNBC-TV18, “I am bullish on the private banking space, from a technical point of view and I think as far as ICICI Bank is concerned, Rs 750 is a very strong support base, from my point of view. On the upside in the short to medium term, you would see Rs 1020 or Rs 1025 being tested. With higher volumes and increase open interest, it would signal higher commitment from the Bulls, and that would take the stock up all the way to Rs 1200 or Rs 1250 plus, in a 6 quarter time frame. So from my point of view, it’s a buy on decline, probably you may have to leave a little room for averaging should the markets actually come down, you may want to stagger your purchases into two or three lots.”
TCS Q4 FY08 consolidated net profit is Rs 1255.9 crore
Tata Consultancy Services has posted a Q4 FY08 consolidated net profit of Rs 1,255.9 crore and revenues of Rs 6,094.7 crore as per US GAAP, reports CNBC-TV18. Consolidated net profit and revenues were below expectations. EBITDA margin has declined at 25.5% versus 26.7%.
TCS will face a huge resistance at Rs 1,000, says Sudhanshu Pandey of LKP Shares, on NDTV Profit. It now has support at Rs 925, he adds. The stopck is currently trading at Rs 930, down 6.4% on the BSE.
Bid and Quantity for Aishwarya Telecom Limited
Aishwarya Telecom Limited bid quantity is 25761000 (644.03%) against the issue of 4000000 (100%). The distribution of bid is as shown below. (Source)
| Last updated on Thursday, April 17, 2008 5:00:50 PM |
|
| Price(Rs.) | BSE Quantity |
| 32.00 | 25761000 |
| 33.00 | 25716000 |
| 34.00 | 25709600 |
| 35.00 | 25706800 |
| 9,999.00 | 12405400 |
| 9999 – Best Price | |
Kirloskar Pneumatic Board to recommend dividend
Kirloskar Pneumatic Company Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on April 22, 2008, to consider and take on record the Audited Financial Results for the Quarter and Year ended on March 31, 2008 and will also consider recommendation of Dividend on 12844338 fully paid equity shares of Rs 10/- each for the financial year 2007-08.
Online stock option trading information and strategies
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