The market sheds most of its initial gains on the back profit booking across the counters. Among the Sensex pack,
………………………………….
The Bankex index is trading higher by 57.39 points at 10,821.61…………………. Pushing it are Canara bank trading up by (3.91%) at Rs299.95 along with Cent BOP by (2.73%) at Rs58.25, ICICI bank by (1.96%) at Rs1163, Federal bank by (1.03%) at Rs323, Allahabad bank by (0.61%) at Rs115.10 and BOI by (0.27%) at Rs352.85…………………

The realty index is trading up by 58.40 points at 11,712.98………………….Leading the rally are Ansal Infra trading higher by (2.36%)> at Rs384 followed by Mahindra Life by (1.53%) at Rs772, DLF by (1.47%) at Rs962.70, Unitech by (1.38%) at Rs461.85, HDIL by (1.08%) at Rs964 and Parsvnath by (0.46%) at Rs385.10……………………………

In the telecommunication sector, VSNL is trading up by (9.59%) at Rs663 while Idea Cellular is trading lower by (0.76%) at Rs130 followed by Reliance Communications by (0.7%) at Rs710 and Bharti Airtel by (0.44%) at Rs907………………….

VSNL is trading firm at Rs663 up by (9.59%) as the company is constructing a $250mn worth of cable system for linking Mumbai to Paris, London and Madrid…………………. This project will be built in partnership with Seacom and telecom Egypt and this will provide VSNL a new capacity of 1.28 terabit on the route during 2009…………………………..

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The Planning Commission expects the country’’s economy to grow by 8.5 to 9 per cent during the current financial year and by 9 per cent in the 11th Five Year Plan period, saying global slowdown would not affect India in the medium term. The world economic slowdown will not affect the medium term growth prospects, Planning Commission Deputy Chairman Montek Singh Ahluwalia said, while addressing the ”TIE Entrepreneurial Summit 2007”. The economy was likely to clock a growth rate of 8.5 to 9 per cent during the current financial year, he said, adding that the Gross Domestic Product (GDP) growth rate was expected to be 9 per cent during the next three years and 10 per cent in the terminal year of the Plan (2011-12).

Punjab Tractors Ltd has announced the following Unaudited results for the quarter ended September 30, 2007:

The Company has posted a profit after tax of Rs 98.00 million for the quarter ended September 30, 2007 as compared to Rs 183.00 million for the quarter ended September 30, 2006. Total Income has decreased from Rs 2273.00 million for the quarter ended September 30, 2006 to Rs 2069.00 million for the quarter ended September 30, 2007.

IOL Broadband Ltd has informed BSE that the Register of Members & Share Transfer Books of the Company will remain closed from December 27, 2007 to December 28, 2007 (both days inclusive) for the purpose of Annual General Meeting (AGM) of the Company to be held on December 28, 2007.

They are reported in batter excellent Stock Result in last quarter ended.So I am Say Stock And Stock Market price will be increased.The current Stock Market price is Rs.510 for three month target of Rs.550.

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.

This company have reported in current market price Rs.214 for sixth month target of Rs.300.

They are reported in batter excellent result in last quarter ended.

Today this company is best position so I am say stock and stock market price will be improve.

This company has informed BSE that the board of directors in this company will be held on October 10,2007 for reported in audited financial results for the last quarter September 30,2007.

NSE : Power Finance Corporation Limited has informed that the articales of association of Power Finance Corporation Limited in Government of India .Board of Directors of Power Finance Corporation Limited company on the 3rd September, 2007

source :

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

Buy Suzlon Energy Ltd company reported at current market price Rs.1390 for three month target of Rs.1500.They are reported in excellent result in last quarter ended.Total income source is depend on penny stock price and stock market price.

India’s Suzlon Energy is a forth largest turbine makers and that it plan invest 1 millions euro. Investment do this company by 2009.

 source:

Net profit this company rose of Rs 35.93 core in last quarter ended March 2007 as compared of Rs 61.34 core the during previous in last quarter ended March 2006.

latest stock tip buy at current market price Rs.611 for sixth month target of Rs.800.They are reported in excellent result in last target so i think say stock market price will be increased this is .