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Vivimed Labs' EGM on Dec 27, 2013

Written By Unknown on Selasa, 03 Desember 2013 | 14.03

Dec 03, 2013, 12.19 PM IST

Vivimed Labs Ltd has informed that the Extra Ordinary General Meeting (EGM) of the Company will be held on December 27, 2013.

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Vivimed Labs' EGM on Dec 27, 2013

Vivimed Labs Ltd has informed that the Extra Ordinary General Meeting (EGM) of the Company will be held on December 27, 2013.

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Vivimed Labs' EGM on Dec 27, 2013

Vivimed Labs Ltd has informed that the Extra Ordinary General Meeting (EGM) of the Company will be held on December 27, 2013.

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Oriental Bank of Commerce: Outcome of EGM

Dec 03, 2013, 12.19 PM IST

Oriental Bank of Commerce has informed that the Extra Ordinary General Meeting (EGM) of the Company was held on December 03, 2013.

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Oriental Bank of Commerce: Outcome of EGM

Oriental Bank of Commerce has informed that the Extra Ordinary General Meeting (EGM) of the Company was held on December 03, 2013.

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Oriental Bank of Commerce: Outcome of EGM

Oriental Bank of Commerce has informed that the Extra Ordinary General Meeting (EGM) of the Company was held on December 03, 2013.

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Action in Oriental Bank of Commerce


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EID Parry: Updates on revision in credit ratings by CRISIL

Dec 03, 2013, 12.20 PM IST

EID Parry India has informed that CRISIL has downgraded its Credit Rating to the Company's Long Term Bank Facilities and Debt Programmes to 'CRISIL AA -/ Stable' from 'CRISIL AA/ Negative'.

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EID Parry: Updates on revision in credit ratings by CRISIL

EID Parry India has informed that CRISIL has downgraded its Credit Rating to the Company's Long Term Bank Facilities and Debt Programmes to 'CRISIL AA -/ Stable' from 'CRISIL AA/ Negative'.

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EID Parry: Updates on revision in credit ratings by CRISIL

EID Parry India has informed that CRISIL has downgraded its Credit Rating to the Company's Long Term Bank Facilities and Debt Programmes to 'CRISIL AA -/ Stable' from 'CRISIL AA/ Negative'.

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EID Parry India Ltd has informed BSE that CRISIL has downgraded its Credit Rating to the Company's Long Term Bank Facilities and Debt Programmes to 'CRISIL AA -/ Stable' from 'CRISIL AA/ Negative'. The rating on the Company's short term debt and bank loan facilities has been reaffirmed at 'CRISIL A1 +'. CRISIL had assigned its 'CRISIL AA - / Stable' rating to the Company's Rs. 1000 Million Non Convertible Debentures.Source : BSE

Read all announcements in EID Parry

Action in EID Parry (India)


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Buy BOI, Aurobindo Pharma, YES Bank, Reliance Cap: Kant

Written By Unknown on Senin, 02 Desember 2013 | 14.03

Dec 02, 2013, 12.20 PM IST

Dharmesh Kant of India Nivesh Securities recommends buying YES Bank for a target of Rs 390 and Reliance Capital for a target of Rs 390.

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Buy BOI, Aurobindo Pharma, YES Bank, Reliance Cap: Kant

Dharmesh Kant of India Nivesh Securities recommends buying YES Bank for a target of Rs 390 and Reliance Capital for a target of Rs 390.

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Buy BOI, Aurobindo Pharma, YES Bank, Reliance Cap: Kant

Dharmesh Kant of India Nivesh Securities recommends buying YES Bank for a target of Rs 390 and Reliance Capital for a target of Rs 390.

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In CNBC-TV18's popular show Bull's Eye, Dharmesh Kant of India Nivesh Securities shares his trading strategies for the day.

One may buy Bank of India for a target price of Rs 230 with a stoploss at Rs 210.

One may buy Aurobindo Pharma for a target price of Rs 310 with a stoploss at Rs 285.

One may buy YES Bank for a target price of Rs 390 with a stoploss at Rs 360.

One may buy Reliance Capital for a target price of Rs 390 with a stoploss at Rs 370.



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Buy Jaiprakash Power, Canara Bank, Sesa Sterlite: Chopra

Dec 02, 2013, 12.23 PM IST

Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 20.50 and Canara Bank for a target of Rs 265.

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Buy Jaiprakash Power, Canara Bank, Sesa Sterlite: Chopra

Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 20.50 and Canara Bank for a target of Rs 265.

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Buy Jaiprakash Power, Canara Bank, Sesa Sterlite: Chopra

Manav Chopra of Nirmal Bang recommends buying Jaiprakash Power Ventures for a target of Rs 20.50 and Canara Bank for a target of Rs 265.

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In CNBC-TV18's popular show Bull's Eye, Manav Chopra of Nirmal Bang shares his trading strategies for the day.

One may buy Jaiprakash Power Ventures for a target price of Rs 20.50 with a stoploss at Rs 18.

One may buy Canara Bank for a target price of Rs 265 with a stoploss at Rs 240.

One may buy Sesa Sterlite for a target price of Rs 194 with a stoploss at Rs 178.

One may buy Power Finance Corporation (PFC) for a target price of Rs 170 with a stoploss at Rs 152.



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Chart: Nifty must hold 5970 support for rally to sustain

Dec 02, 2013, 12.26 PM IST

The Nifty ruled distinctly positive last week and a look at the daily chart featured below indicates that the index has managed to hold ground above the key support at 5,970. As highlighted in the daily chart, the Nifty has taken support at the medianline of the red pitchfork, which is a positive sign.

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Chart: Nifty must hold 5970 support for rally to sustain

The Nifty ruled distinctly positive last week and a look at the daily chart featured below indicates that the index has managed to hold ground above the key support at 5,970. As highlighted in the daily chart, the Nifty has taken support at the medianline of the red pitchfork, which is a positive sign.

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Chart: Nifty must hold 5970 support for rally to sustain

The Nifty ruled distinctly positive last week and a look at the daily chart featured below indicates that the index has managed to hold ground above the key support at 5,970. As highlighted in the daily chart, the Nifty has taken support at the medianline of the red pitchfork, which is a positive sign.

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The Nifty ruled distinctly positive last week and a look at the daily chart featured below indicates that the index has managed to hold ground above the key support at 5,970. As highlighted in the daily chart, the Nifty has taken support at the medianline of the red pitchfork, which is a positive sign.

For Nifty chart, Click here

The price now could rally to the upper parallel of this pitchfork at 6,750-6,800 or higher. This positive view would be under threat if the Nifty falls below the support level at 5,970. A fall below 5,970 would indicate that the downward correction off the recent high of 6,343 is still in progress. The Nifty could then slide to the major support at 5,750-5,800.

As long as the swing low at 5,970 is not breached, the path of least resistance would be on the way up for the Nifty. Turning the attention to short-term trading ideas, we recommend a buy on IDFC . From the daily chart of IDFC featured below, it I clear that the stock has been tracing out a bullish sequence of higher highs and higher lows.

For IDFC chart, Click here

The recent rally has also helped the stock move past the key resistance at Rs.101. Also of interest is that the prior resistance is now acting as support. The stock could now rally to the 100% swing projection target of Rs.127. The bullish view would be under threat if the stock falls below Rs.97.

(Disclosure/Disclaimer: The views featured in this column are based on the technical analysis of historical stock price movement. There is a risk of loss in trading. The author / www.FundsIndia.com do not have any exposure to the stocks / instruments featured in this column. We may have however discussed these instruments / trade ideas with our clients)


To read the full report click here

To read the full report click here


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Mutual Funds NAVs soar as markets end higher

Written By Unknown on Minggu, 01 Desember 2013 | 14.03

Equity Mutual Funds advanced as the markets closed higher on broadbased buying.

Equity Mutual Funds advanced as the markets closed higher on broadbased buying. After end of November series with a 3 percent loss, the opening of December series was quite spectacular with the equity benchmarks gaining more than a percent on Friday. All the funds in the equity domain advanced with no decline.

The rally may be in anticipation of positive outcome in five state assembly elections due on December 8, feel experts. They believe these elections results will be a big trigger for the market in near term and also the deciding factor for general elections that is six months away.


The 50-share NSE Nifty rallied 84.25 points to close at 6,176.10 and the 30-share BSE Sensex rose 257.02 points to 20,791.93.


Among Fixed Income space, Long term debt funds and Gilt Long Term fund ended with negative returns as Government bond prices fell on Friday, hurt by a weak rupee and higher-than-excepted cutoff yields at a weekly auction, with economic growth data likely to give direction to yields next week.


Check out all mutual fund gainers & losers


Here is the day's performance and the gainers and losers across categories.


Equity diversified: Top gainers


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Diesel price hiked by 50 p/ litre from Saturday midnight

Diesel prices have been hiked by 50 paisa per litre, excluding VAT, with effect from Saturday midnight. This is the sixth increase in diesel rates in 2013. There will be no change in petrol prices as oil companies decided not to pass on the 25-30 paise increase necessitated by depreciation of the rupee against the US dollar.

The price of diesel in Delhi will be hiked by 57 paise, including tax, to Rs 53.67 per litre, while it will cost Rs 60.70 a litre in Mumbai as against 60.08 currently.

Petrol prices were last revised on November 1, when it was cut by Rs 1.15 a litre. It costs Rs 71.02 a litre in Delhi currently.

A government panel had recommended an increase of Rs 5 a litre during a recommendation presented in October. The diesel price hike could cut the government's fuel subsidy bill by as much as Rs 16,000 crore from November 1 to the end of the current fiscal year on March 31, 2014, according to Reuters. Diesel accounts for over 40 percent of refined fuel use in the country.

The government allowed oil companies in January to raise diesel prices in small doses every month to wipe out mounting losses. While most of the shortfall on diesel sales should have been wiped out, losses mounted to Rs 14.50 per litre in July-August as the rupee fell about 25 percent from April levels. The recent firming up of the rupee against the dollar and the monthly price increases have trimmed these losses to Rs 9.99 a litre. Diesel rates have risen by a cumulative Rs 6.62 this year.

(With additional inputs from PTI)



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Why there isn`t fog in Delhi yet

Only one Western Disturbance has affected Northwest India till now and due to this, dry and cool north westerly winds are prevailing over the plains keeping the humidity level below normal. These winds blowing from the west and northwest direction have been preventing the formation of fog. In the normal course, at least 2 or 3 WDs would have occurred by now, increasing the moisture level favourable for fog formation. In the absence of any significant system at least for a week, formation of fog is not likely over Delhi/NCR.

Here`s an understanding of what is fog, why and how it forms and in what way it affects weather.

Fog is an atmospheric obscurity which reduces the visibility to less than 1000 metres during highly humid conditions. In simple words, we can say that fog is a collection of very tiny water droplets or ice crystals suspended in the air at or near the Earth`s surface.

How is fog formed?

Fog forms as a result of the cooling of the air in contact with the ground. The cooling process is due to loss of heat to the ground by warmer air that moves over the colder surface or due to loss of heat by the outgoing radiations. The former is 'advection' fog and the latter 'radiation' fog. Advection fog over land is a result of advection followed by cooling. Radiation fog forms when the temperature falls at night due to an excess of outgoing radiation and development of deep inversion. (Inversion means the ground is cooler than the air lying above it, at least in the lower levels)

Requisites for fog formation

Light wind conditions and cool temperatures on a highly humid day are favourable for formation of fog. Wind speed is a critical parameter for fog formation as strong and accelerating winds are generally a deterrent for fog formation. Overnight cloud cover is also a negative parameter for its formation.

Types of fog

The different types of fog includes shallow, thick, dense and very dense. Many-a-times fog occurs in patches but it is only dense fog, which usually affect rail, road and air traffic. Fog over northern plains including Delhi/NCR is seen after a spell of widespread rainfall due to Western Disturbance in winters.

Picture courtesy- sandesh.com

By: Skymetweather.com



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Mahaan Foods: Adjournment of board meeting

Written By Unknown on Sabtu, 30 November 2013 | 14.03

Nov 30, 2013, 12.21 PM IST

Mahaan Foods has informed that due to unavoidable circumstances, the audited financial results for the financial year ending on March 31, 2013 and the un-audited quarterly financial results for the quarters ended on June 30, 2013 and September 30, 2013 could not be finalised and approved.

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Mahaan Foods: Adjournment of board meeting

Mahaan Foods has informed that due to unavoidable circumstances, the audited financial results for the financial year ending on March 31, 2013 and the un-audited quarterly financial results for the quarters ended on June 30, 2013 and September 30, 2013 could not be finalised and approved.

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Mahaan Foods: Adjournment of board meeting

Mahaan Foods has informed that due to unavoidable circumstances, the audited financial results for the financial year ending on March 31, 2013 and the un-audited quarterly financial results for the quarters ended on June 30, 2013 and September 30, 2013 could not be finalised and approved.

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Mahaan Foods Ltd has informed BSE that due to unavoidable circumstances, the audited financial results for the financial year ending on March 31, 2013 and the unaudited quarterly financial results for the quarters ended on June 30, 2013 and September 30, 2013 could not be finalized and approved.The Board of Directors of the Company discussed the same and in view of the given circumstances decided to adjourn its meeting and to consider this agenda item in the next Meeting of the Board of Directors of the Company now to be held on December 05, 2013 at 5.00 P.M. at M-19, 1st Floor, M Block Market, Greater Kailash - II, New Delhi - 110048.Source : BSE

Read all announcements in Mahaan Foods


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