Reliance stock has still lot of steam left to take it to levels higher than 2000. Recently, the company has been a re-rating and analysts have a more optimistic view on Reliance.

Technical Analyst, Ashwani Gujral is also suggesting Reliance Industries as it may go up to Rs 2000. Anyone wants to make good profit should buy Reliance at lower levels, as it will soon reach to a new high.

The Nifty June 2007 futures settled at 4242, a discount of 6.65 as against spot closing of 4248.65
In the past fe sessions, the overall proceeds on NSE’s F&O division has been gaining ground. Today, it came up to Rs 41,733.11 crore than Rs 37,415.18 crore on 19 June 2007.

The Nifty July 2007 futures settled at 4235.10, a discount of 13.55 as compared to spot closing of 4248.65
SBI June 2007 futures settled at a premium, at 1435, compared to the spot closing of Rs 1428.25.
Reliance Capital June 2007 futures settled at a premium, at 1112.90, compared to the spot closing of Rs 1111.

Voltas was showing huge interest among traders with the highest volume on the stock exchange (76.15 lakh shares). Its share price climbed up 15.17% to Rs 111.25. In its last quarter, the compay made healthier gains. Its net profit climbed 405.27% to Rs 119.90 crore, while sales rose 40.36% to Rs 721.35 crore. On 22 March 2007, it sold its complete stake in Simtools for Rs 78.44 crore to Lodha Developers.

GV Films showed the second highest volume of 75.64 lakh shares on BSE. The share price arose 4.95% to Rs 10.39. On 18th June 2007, GV Films announced that it will think about the demerger of the company in three different sections. The company

On its plans to mull over bonus issue, Suraj Stainless climbed up 5% to Rs 337.50. The share price touched a high of Rs 337.50 and a low of Rs 333.20.

Nearly, 13,322 shares were traded on the BSE. The scrip clocked a standard daily volume of 15,571 shares in the past one quarter. On 5 June 2007, the company’s share price turned down from Rs 292.95 to Rs 276.30 on 7 June 2007. It rose since then to reach a high of Rs 321.45 on 19 June 2007.

After market hours on Tuesday, 19 June 2007, the company declared that it would think about bonus shares issue in a board meeting on 26 June 2007.

Reliance Industries stock is attracting investment support for the value gains linked to its strong position. Technical Analyst, Sudarshan Sukhani has advised stock holders to hold Reliance Industries to see 2000 near the Q1 results time.

Brokerage firm, Indiabulls Financial Services, denied media reports hinting their participation in any fake trading or price fixing in the futures & options (F&O) segment.

According to a company release that Indiabulls Securities or any of its group companies have not been concerned in any counterfeit trading or price fixing in F&O division and have not traded directly or indirectly on its own account in the 23 trades on the F&O segment as mentioned in the SEBI order.

Today, Mudra Lifestyle has touched an intraday high of Rs 73.60 and an intraday low of Rs 67.60. At 10:34 am, it is quoting at Rs 72.35, up Rs 4.85, or 7.19%.
The company’s trading volume is 1,77,264 shares. Yesterday, the share closed after achieving 3.05% or Rs 2 at Rs 67.50.
Started its operations in 1986, Mudra Group is in the textile industry having facilities for fabrics & garments manufacturing, processing, design development and sampling. The company makes up fabrics and garments for domestic as well as export market.

After annunciating that it had received USFDA nod for antibiotic Cefprozil tablets, Wockhardt shares climbed up to Rs 395.10.

The shares touched a high of Rs 399 and a low of Rs 391.85 during the day. About 50486 shares were traded on BSE. In the last one quarter, the scrip had an average daily volume of 33,390 shares.

Today, in early trade (10:23 am) Rico Auto is quoting at Rs 44.50, up Rs 4.45, or 11.11%. It has also touched an intraday high pressure of Rs 45.75 and an intraday low of Rs 41.45.

The company is trading with volumes of 73,235 shares. Yesterday, the company’s share closed weakly after losing 0.25% at Rs 40.05.

The Company's prime functioning is carried out through aluminum foundry and ferrous foundry. Its key products include automotive components, hubs, wheels, accessories, castors, brake, clutches and clutch parts, disc brake, drum brake and fluid fly wheel.

IFCI is always an outperformer and a favourite stock. Technical analyst Sudarshan Sukhani said that it is a good time to buy the stock in order to make healthier gains in the coming days.

Mr. Sukhani narrated, “Reliance Capital is a dream again for those who held on. I sold off my shares in the last few days. IFCI all of us are saying will come down, that doesn’t mean anything the stock is not coming down, it is consolidating, building a base and it is now ripe for a big upmove. The final target, which people talk about Rs 70 or something could well, is in sight, so IFCI is a stock that people should be looking to buy.”

Jindal Saw has reached a 52-week high of Rs 683. At 10:30 am, the share is quoting at Rs 673, up Rs 47.35, or 7.57%.

Today, the company is trading with volumes of 24,181 shares. The share price gained 3.58% or Rs 21.60 at Rs 625.65 on yesterday’s close.

Jindal Saw Ltd. is India’s first company to fabricate Submerged Arc Welded (SAW) pipes. It is among the main manufacturers of SAW pipes that find application in the energy segment for oil and gas transportation.

Cadila Healthcare’s stock jumped 4.76% to Rs 363.30 on the BSE on a plan to raise $100 million from foreign markets. The scrip had touched a high peak of Rs 364.50 and a low of Rs 345.

During the last month, the company’s share price had soared in the range of Rs 320-Rs 335. On 15 June 2007, it climbed from Rs 332.80 on 8 June 2007 to Rs 346.80.

The company's board has sanctioned a plan to issue foreign currency convertible bonds (FCCBs) or such other instruments with green shoe option for this purpose

After opening optimistically at 13,886.71, the 30-share index
continues to trade in the positive zone. Select stocks from cement,
banking, automobile and pharmaceutical led the progressions while IT
stocks turned down.

According to Ashwin Gada, broker, Networth Stock Broking told that
the market is likely to be a little explosive for coming two three
days. He added that the share index may further reject 50--100 points
today and the Nifty may subsequently descend to 4080 level.

Sensex experienced 1,182 advancements as against 802 declinations whereas 77 remained unchanged.

Among the sectoral indices, BSE Bankex arose 0.76%, BSE Auto
ascended 0.41%, BSE IT rejected 0.33% and BSE Metal climbed up 1.35%.

The 30-share index opened flat at 14,129.89 and then lost its power and started trading negatively. In the mid-noon trades, the index continued to trade in a negative zone and closed lower. Stocks from oil & gas, automobile and metal led the declines.
In contrast, Asian stocks heaved after increase in metals prices that pushed metal stocks towards the upward direction and US productivity data exhibited better-than-expected growth.
The BSE Sensex ended the day at 13,934.27, after losing 143.94 points while Nifty closed at 4,117.35, down 33.5 points.
Out of the total 2,667 shares, 1,130 boosted, 1,453 turned down while 84 remained on their previous places.

After opening sturdily at 13,987.77, the stock market continued to trade optimistically on the back of Asian market that climbed up to their weekly highs.
Then, in the afternoon trades, the stock index continued its volatility and touched a high of 14,082.26, and lastly ended on a firm note. The stocks, which led the advancements, include auto, cement and metal.
Likewise, Asian stocks mounted Thursday on profits viewpoint that advanced sureness in investors and as Korea Electric Power Corp. reported better than expected earnings. In addition, United Microelectronics Corp. also reported elevated earnings.

As per reports, approximately one-fifth of the retail turnover is being transacted online which is low as compared to markets like South Korea and Japan having 85% and 80% of the total retail turnover is transacted over the Internet. Hong Kong and Singapore market’s net-based transactions account for only 15% of the retail turnover.

Internet trading in India has grown 100% every year during the last 5 years. Almost 45% of the total retail trading is expected through the online network.

The Internet seems like the biggest leveler, enabler and differentiator as the broking industry will split into two parts where one would like to call itself wealth management providers while others will concentrate on the high volume business by providing lower charges.

Africa has been a hushed moneymaker for India’s major drug manufacturing company Ranbaxy making around $100 million annually.

Now the company plans to invest up more funds in infrastructure and will establish a novel manufacturing plant in the continent.

At present, the company’s income from the continent amount to 7% of the company’s worldwide income. But returns from the county is cross-filing double-digit development.

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