Long Term Buy Call For Mahindra & Mahindra

Long Term Buy Call For Mahindra & MahindraStock market analyst Gaurang Shah of Geojit BNP Paribas has maintained 'buy' rating on Mahindra & Mahindra Ltd stock with long term target of Rs 740.

According to analyst, the investors can buy the stock at Rs 620-625.

The analyst also said that the investors can achieve the said target in 3-6 month period.

Today, the stock of the company opened at Rs 645 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 655.70 and a low of Rs 373 on BSE.

Buy SBI With Target Of Rs 2510

Buy SBI With Target Of Rs 2510Stock market analyst Rahul Mohinder is of the view that investors can buy State Bank of India Ltd stock with target of Rs 2510.

According to analyst, the interested investors can buy the stock stop loss below Rs 2440.

Today, the shares of the bank opened at Rs 2465 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 2504 and a low of Rs 1654.80 on BSE.

Current EPS & P/E ratio stood at 144.37 and 17.37 respectively.

State Bank of India (SBI) will lift up its depository rates by August 2010.

Apollo Tyres to inject Rs.1, 100 crore in its plants

Apollo Tyres to inject Rs.1, 100 crore in its plants`One of major tyre manufacturers of India, Apollo Tyres announced that it will be investing Rs. 1, 100 crore in nine of its plants in India as well as outside, during this year.

The information was given by one of key officials of the company who said that Apollo is going into the expansion mode.

As per the plans, a capacity addition of 1,450 tons will be done in India while another 200 tone would be added in European and South African plants.

Sell Tata Motors With Stop Loss Of Rs 880

Sell Tata Motors With Stop Loss Of Rs 880Stock market analyst Rajesh Satpute is of the view that investors can 'sell' Tata Motors Ltd stock with target of Rs 832.

According to analyst, the interested investors can sell the stock with stop loss of Rs 880.

Today, the shares of the company opened at Rs 859.90 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 882.20 and a low of Rs 388.60 on BSE.

Current EPS & P/E ratio stood at 52.26 and 16.23 respectively.

UltraTech to invest $1.8 billion for capacity addition

UltraTech to invest $1.8 billion for capacity additionIndia's biggest cement producer, UltraTech has said that it is going to invest $1.8 billion for adding a capacity of 9 million tons. It will be done in another 3 years' time and is being done since the Indian economy is going to see a boost in the demand.

Indian cement industry has a capacity of 270 million tons and is the second largest in the world. The growth rate of the sector has been between 10-12 per cent last year and was driven mostly by the demand for the infrastructure sector.

First dust devil in six years spotted on Mars

First dust devil in six years spotted on MarsScientists have said that NASA's Opportunity Mars rover has spotted and photographed its first dust devil in six years of traveling around the planet.

SPACE. com reported on Thursday that unlike Spirit, its robotic twin on Mars, which has captured numerous snaps of dust devils, Opportunity has always come up empty, until now.

The rover science team also said that the July 15 photo was taken with Opportunity's mast-mounted panoramic camera.

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