IFCI Tops Volume Charts On Bourses

IFCI Ltd.IFCI topped the volume charts on BSE with 89.56 lakh shares.

BSE Mid-Cap Index touching new levels

The BSE Mid-Cap Index climbed up 33.74 points, or 0.53%, to close the day at 6,373.76. It also touched its lifetime peak of 6,397.15 during the day.

IVRCL Infrastructure (up 1.71% to 367.75), Amtek Auto (up 1.57% to Rs 420.75) and Great Eastern Shipping Company (3.68% to Rs323.65) were the main components contributing to the index's heave.

IVRCL Infrastructure, Divi’s Lab (which was down), Amtek Auto and Great Eastern Shipping Company have weightages of 1.58%, 1.44%, 1.41% and 1.36% respectively, in the BSE Mid-Cap Index.

Rajasthan Spinning should soon cross 130 levels with their current growth plans: Sanjay Chabria

According to Investment Consultant Sanjay Chabria, one should wait for some more time to get a return of 40-50% from current levels in RSWM. The company has good business model, and once the value of this stock starts moving up, it will cross Rs 130 without any problem.

Chabria stated, “Rajasthan Spinning new name is RSWM. It is part of the LNJ Bhilwara Group, it’s the leading manufacturer of synthetic yarn and fabrics in the country. The company has a well-established fabric brand Mayur Suiting in the domestic market. The company is undergoing a capacity expansion plan under which it will be investing Rs 900 crore for all its capex plans till FY2009.”

Apple Plays iPhone Card Well

Apple iPhoneApple is certainly playing “iPhone” card and it is playing perfectly well. The best thing about Apple Inc.'s iPhone launch games is the way it is handling its marketing.

The company first unveiled the music playing iPhone in January, then came a mysterious teaser commercial for it during the Academy Awards six weeks later, and then came out a little few other details.

Redemption Buzz Assist Blue Dart Express To Touch 52-Week High

On marketBlue Dart talk of a share buyback, Blue Dart Express zoomed 13.70% to Rs 794.75. The share price had beaten a high pressure of Rs 799.90 that is also its 52-week high, and a low of Rs 633 during the day thus far.
The company’s 2.65 lakh shares were traded on Bombay Stock exchange. In the past one quarter, the scrip had an average daily volume of just 6,011 shares on BSE.
The Blue Dart Express scrip had made 54.40% to Rs 699 on 19 June 2007 over the past one month. It appended 60.37% to Rs 699 within the past three months. The scrip had also touched a 52-week low of Rs 405 on 20 June 2006.

Sterlite Industries Shines at NYSE

Sterlite Industries Sterlite Industries India Ltd.India bobbed up 4.89% to Rs 587.30 after its American depositary shares made a substantial debut on the NYSE. During the day, the scrip had touched a high of Rs 596.80 and a low of Rs 572.

On Bombay Stock Exchange, nearly 8.65 lakh shares were traded on the counter. In the preceding one quarter, the average daily volume in the stock was 2.53 lakh shares.

On 19 June 2007, the Sterlite Industries scrip had climbed up 2.84% to Rs 559.90, after it had received sanction for listing of its IPO of 130.44 million American Depositary Shares.

Pages

News in Focus

Stake Casino Grows in Indian Online Casino and Sports Betting Segment with Marketing Boost

The global online betting industry has witnessed exponential growth in recent years, with revenues projected to surpass $127 billion by 2027, driven by rapid technological advancements and increasi

Booming Games Improves Dutch iGaming Sector Presence with Starcasino.nl Partnership

Booming Games has strategically amplified its presence in the Dutch iGaming sector through a major partnership with Starcasino.nl, a leading Netherlands-based operator.

Hard Rock Bet Makes Bold Entrance into Colorado’s Expanding Sports Betting Scene

In a landmark move, Hard Rock Bet has announced its launch in Colorado, officially becoming the 14th sportsbook to compete in the state’s thriving gambling industry.

Evolution Unveils Live Casino Studio in Brazil

Evolution has cemented its commitment to Latin America’s rapidly evolving iGaming landscape by launching its first dedicated live casino studio in Brazil.

Red Rake Gaming Solidifies Dutch Market Foothold with Online Casino Starcasino Partnership

In a resounding move emblematic of Europe’s dynamic iGaming expansion, Red Rake Gaming has struck a landmark agreement with Starcasino, cementing the publisher’s assets within the thriving Dutch on

CVC Capital Partners Moves Forward with GLI Acquisition

In a decisive move underscoring the intensifying competition in the gaming compliance and certification sector, CVC Capital Partners has initiated an acquisition bid for Gaming Laboratories Interna