Accentia Technologies went up 2.87% to Rs 114.75 in afternoon trading after signing accords to get hold of US-based G. S. R. Physicians Billing Service Inc. and GSR Systems Inc.
Technical Analyst, Ashwani Gujral is of the view that Reliance Energy can touch Rs 720.
Mr. Gujral said that Tata Power and Reliance Energy are the strongest options. Reliance Energy beyond Rs 580 is poised to go up to Rs 720 and for Tata Power, Rs 620 is a key level that should probably be headed in the direction of Rs 750-760.
“I think some rub off from the capital goods space, those electrical equipment stocks is now rubbing off even to the energy stocks,” He added.
Jai Parabolic Springs Ltd. climbed up by its maximum daily limit of 5 percent to 29.50 rupees as the board okayed its merger deal with Jamna Auto Industries. The company made the declaration in trading hours. The scrip had touched its intraday low of Rs 28 during the day.
Today, about 16,712 shares were traded in the scrip. In the past one quarter, the stock had an average daily volume of 11,212 shares. At its existing price of Rs 29.50, the scrip trades at a PE multiple of 10.13, based on year ended March 2007 EPS of Rs 2.91.
On the back of an increase in interest and fee-based income, ABN Amro Bank has
Technical Analyst, Ashwani Gujral is of the view that Reliance Energy can touch Rs 720.
After turning ex-dividend, Bajaj Auto lost 1.61% to Rs 2,095 in afternoon trading.
Springs Ltd. climbed up by its maximum daily limit of 5 percent to 29.50 rupees as the board okayed its merger deal with Jamna Auto Industries. The company made the declaration in trading hours. The scrip had touched its intraday low of Rs 28 during the day.
current rally on continued buying, Bharat Heavy E
