D-Link ……………………… Ltd has informed ………….. that the Company has received an ……………. for payment of differential ……………. duty of Rs 3.41 crores under Section 11A (2) of the ……………… Excise Act, 1944 for the ……………. February 01, 2001 to ……………. 31, 2005 and equivalent ……………… of penalty under Section 11AC of the Central ………………. Act, 1944 read with Rule 173Q of the ……………… Excise Rules, 1944 and Rule 25 of the Central ………………. Rules, 2002 along with ………………. interest thereon as per the applicable rates ……………. the Central Excise Act, 1944.

The ………….. is taking legal opinion on the above order and …………….. keep posted of any ……………… action taken by the Company in the ……………. matter.

Read More : www.bseindia.com

Indian rupee touched new peak of 9-1/2 years high on Friday as dollar buying by state run banks and weak Asian markets. Record gain of Indian stocks market is also one reason behind rupee boost.

Some traders are expecting that Central Bank can buy dollars to test rupee’s growth. The rupee was closed at 39.30 per dollar on Thursday meanwhile the changeable rupee was at 39.35/36 in early trading on Friday. The rupee touched peak of 39.27 on Thursday it is strongest position of rupee since March 1998.

The rupee along with Bombay Stock Exchange (BSE) Sensex made a record high for the 15^th times out of 16 sessions. Foreigners have bought 3.2 billion dollars this month while they have been bought total 16.2 billion dollar of shares yet now. Foreign funds have bought around 200 million dollars of shares in the National Stock Exchange (NSE) on Thursday.

The Central Bank has bought 38.1 billion dollars since January to July of 2007,  according to the traders Central Bank has increased purchases of dollars in the last few weeks to hold the rupee.      

Buy Sesa Goa share at current market price Rs.2876 for short term target of  Rs.2950. Last quarter result of Sesa Goa  was good and its share may go up in coming weeks.     

 Sesa Goa announced that company’s revenue was up14 percent at Rs.2584 million (Rs.258.40 crore) in comparison of Rs.2262 million ( Rs.226 crore) on YoY basis. Its net profit will go up 2 percent at Rs.262 million (Rs.26 crore) during the same quarter Vs Rs.257 million (Rs.25.7) YoY.                

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The State Bank of India (SBI) is awaiting extra capital from the Finance Ministry to business growth, as well as it is planning to lift up money by public offer of shares.

SBI chairman O P Bhatt said “We are discussing with Finance Ministry on this matter and awaiting permission of them. Wealth would be increase within three months but just now we are waiting clearance.

The SBI expects to increase about 10,000 crore either rights issue or by public offer. If bank brings out Public Offer then

Government’s share would be less but in case of rights issue Government’s share would be unaffected.

O P Bhatt was participating in the meeting called by Finance Minister P Chidambaram to discuss auto component, paper industries and credit needs of auto.

“Credit growth of SBI was lower till September end than aim of 23 to 24 percent but we are expected to get up to 25% credit growth this financial year. he added.

He also said, if the credit growth remained less than target rate capital will be increase from the market.

Buy at current market price Rs.99 for four month target of Rs.150.They are reported in excellent result in last quarter ended.

The stocks may be recommended as buys and short sales in last previous two months

I have no position in reported in any of these stocks at the time of writing in the family members and client holding positions provided in these stocks.

read more : stockhifi

Latest news in stock market buy at current market price Rs.32 for five month target of Rs.50.They are reported in excellent result in last quarter ended.And stock market price will be increasd.

Gujarat NRE Coke Ltd has informed BSE that community of the board of directors in this company at its gathering held on September 21, 2007 and allotted 63,43,414 shares of Rs.10 in each premium of Rs. 38.04 per share and 21,43,680 shares of Rs.10 each at best of Rs 52.50 per share of this Company.

via : poweryourtrade