Good Numbers for Q1 increase operator activity in L&T

Larsen & ToubroLarsen & Toubro ascended 2.81% to Rs 2,395 in afternoon trading after announcing a 139.83% increase in net earnings in Q1 June 2007 quarter. It announced the quarterly results during market hours today, 19 July 2007.

During the day, the scrip touched an intraday high of Rs 2,420 and an intraday low of Rs 2,350. On 13 July 2007, the stock has had its 52-week high of Rs 2,450 and a 52-week low of Rs 978 on 24 July 2006.

TN To Emerge With Novel Plan For Small And Medium Enterprises

Tiruchirapalli: According to a senior representative that Tamil Nadu government would shortly emerge with a policy on micro, small and medium enterprises.

N Korea Promises To Break Up All Nuke Plans In 6-Months

Beijing: Joint talks on North Korea's nuclear disarmament opened up in an optimistic mood on Wednesday after Pyongyang close down all its five nuclear plants and expressed enthusiasm to come clean on its divisive atomic programme in the coming six months.

Chun Yung Woo, chief negotiator of South Korea said, “North Korea has demonstrated its willingness to disable its nuclear facilities and declare all its nuclear programmes in five to six months.”

MP Assembly Adjourns After Paying Honor To Deceased Leaders

Bhopal: On Wednesday, Madhya Pradesh assembly was adjourned for the day after members paid honor to various deceased leaders, comprising past Prime Minister Chandra Shekhar.

DLF Is Brilliant For Short Term Gains

DLF GroupDLF has declared the first quarter results and it records a net profit of Rs 1515.48 billion for the period ended June 30, 2007.

The company’s earning per share (EPS) stood at Rs 9.87, and its operating profit margin was at Rs. 56.4% in the first quarter of FY08.

Manhattan Pipe Explosion, One Died

New York: A steam pipe exploded in central Manhattan, according to reports. The cause of explosion was the cold water inside the pipeline. One person is killed in the blast, while four others sustained serious injuries. US government officials say it was not a terrorist attack.    

The underground steam pipe was 83 year old, and it exploded during the evening rush hour in the busiest sections of the New York City. Subway service was suspended.
 

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News in Focus

Mahindra & Mahindra Share Price Target at Rs 4,100 as Plan Execution Remains Strong: ICICI Securities

ICICI Securities has maintained a Buy rating on Mahindra & Mahindra, raising its target price to Rs 4,100 from Rs 4,000, implying 25% upside from the current market price of Rs 3,284.

Home First Finance Share Price Target at Rs 1,400: IDBI Capital

IDBI Capital has reiterated a Buy rating on Home First Finance Company, setting a target price of Rs 1,400, implying 19% upside from the current market price of Rs 1,181.

Suzlon Energy Share Price Target at Rs 65: ICICI Direct

ICICI Securities has maintained a Buy rating on Suzlon Energy, retaining an unchanged target price of Rs 65, implying 35% upside from the current market price of Rs 48.

Tata Power Share Price Target at Rs 485: ICICI Securities

ICICI Securities has reiterated a Buy rating on Tata Power Company, maintaining a target price of Rs 485, implying 31% upside from the current market price of Rs 371.

CoForge Limited Share Price Target at Rs 1,950: ICICI Securities

ICICI Securities has maintained a Buy rating on Coforge Limited, setting a target price of Rs 1,950, implying a 17% upside from the current market price of Rs 1,669.

Bharat Electronics Share Price Could Reach Rs 530: ICICI Securities Remains Bullish on PSU Major

ICICI Securities has maintained a Buy rating on Bharat Electronics, setting a target price of Rs 530, implying a 35% upside from the current market price of Rs 394.