Posts Tagged ‘intraday’

CESC Bags 140 mw Hydro Power Project in Himachal

CESC Ltd, the Power utility, has bagged a hydro power project from the Himachal Pradesh government on a competitive bidding process. The company has been allocated one project in Himachal Pradesh at Lara Sumta, Vice Chairman Sanjiv Goenka told.

He also said that the company would make an investment of Rs 46 billion as equity component in its power projects over the next 4-5 years and would require about Rs 100 billion as debt component for its projects.

CESC currently trading marginally lower by 0.58% at Rs 393.05. The stock hit an intraday high of Rs 396.90 till now, as against the 52-week high of Rs. 410. The stock hit a low of Rs 392 during the day. The stock had hit a 52-week low of Rs 180 on 12 March 2009.

The stock opens at Rs. 395.05 at BSE. The total traded volume of the scrip on BSE till now stood at 14147.

Meanwhile today, the BSE Sensex is trading with marginal losses of 7.42 points, or 0.04%, at 17,111.61. It has touched an intraday high of 17,275.19 and low of 17,068.37.

On BSE, 2,876 lakh shares were traded in the counter and out of that 1,110 stocks are in positive while 1,703 stocks are on he sellers” radar.

AB Nuvo has an equity capital of Rs 125.60 crore as of March 2009. The face value per share is Rs 10. At the current price of Rs 393.05, the P/E multiple stood at 11.99 with book Value of 233.87 and P/BV at 1.68.

Considering the current price, the stock had outperformed the market over the past one month till 13 November 2009, rising 5.26% as compared to the Sensex”s return of 1.55% and NSE Nifty”s of 2.09% return. It outperformed the market in past one quarter ending September 14, 2009, gaining 10.14% as against 5.53% rise in the Sensex and 6.13% rise in NSE Nifty.

CESC is a fully integrated power utility with its operation spanning the entire value chain: right from mining coal, generating power, transmission and distribution of power. We serve 2.3 million customers within 567 square kilometers of Kolkata and Howrah, delivering safe, cost-effective and reliable energy to our consumers. Even after 100 years of service, we still feel younger than ever.

The Company has posted a net profit after tax of Rs 1260 million for the quarter ended September 30, 2009 as compared to Rs 1240 million for the quarter ended September 30, 2008. Total Income has increased from Rs 7860 million for the quarter ended September 30, 2008 to Rs 9850 million for the quarter ended September 30, 2009.

DAILY EQUITY UPDATE

Equity Update

17 Aug 2009

POST MARKET

The BSE Sensex closed lower by 626.71 points or (4.07%) at 14,784.92 and NSE Nifty ended down by 24.95 points at 4,580.05.

🙂

BSE Mid Caps and Small Caps closed with losses of 218.30 and 200.85 points at 5,385.51 and 6,211.71 respectively.

🙂

The BSE Sensex touched intraday high of 15,284.23 and intraday low of 14,740.63.

Among the Sensex pack all 30 stocks ended in red territory.

The market breadth indicating the overall health of the market remained negative as 1929 stocks closed in red while 674 stocks closed in green and 73 stocks remained unchanged in BSE.

🙂

The S&P CNX Nifty is down by 192.15 points or –4.20 % to 4387.90.

The NSE turnover was down Rs.15425.56 from last trading session’s Rs. 16421.25 crore.

NEWS UPDATES

-Six auto stocks fell on concerns the weak monsoon will slash spending in India’s agricultural regions.

-Fourteen metal stocks fell after LMEX, a gauge of six metals traded on the London Metal Exchange, fell 3.05% to 2,932.70 on 14 August 2009.

-Seven power sector shares fell on reports the power ministry is planning to cap the sale price of electricity sold in the open market if the projects claim tax benefits.

🙂

OUTLOOK

Market opened strongly in red & continued trading in negative zone throughout the day on the back of negative cues from the global indices.

International markets were trading strongly in red & remained in the same territory resultant selling pressure in across the board in our markets too.

Realty, Metal, Auto & Oil and gas got punished heavily.

😦

In the first half of session, we witnessed mixed movement as the market breadth was marginally on the down side but it declined very sharply below crucial support level of 4420 area.

😦

We expect index to hold 4340-4320 levels as the next crucial support zone with possibility of technical bounce in the next session.

🙂

Daily Equity Update

sector watch

*Realty & Metal are the major losers in today’s session 😦

DAILY EQUITY UPDATE 17 Aug 2009

POST MARKET

The BSE Sensex closed lower by 626.71 points or (4.07%) at 14,784.92 and NSE Nifty ended down by 24.95 points at 4,580.05. BSE Mid Caps and Small Caps closed with losses of 218.30 and 200.85 points at 5,385.51 and 6,211.71 respectively. The BSE Sensex touched intraday high of 15,284.23 and intraday low of 14,740.63.

Among the Sensex pack all 30 stocks ended in red territory. The market breadth indicating the overall health of the market remained negative as 1929 stocks closed in red while 674 stocks closed in green and 73 stocks remained unchanged in BSE. The S&P CNX Nifty is down by 192.15 points or –4.20 % to 4387.90.The NSE turnover was down Rs.15425.56 from last trading session’s Rs. 16421.25 crore.

NEWS UPDATES

-Six auto stocks fell on concerns the weak monsoon will slash spending in India’s agricultural regions.

-Fourteen metal stocks fell after LMEX, a gauge of six metals traded on the London Metal Exchange, fell 3.05% to 2,932.70 on 14 August 2009.

-Seven power sector shares fell on reports the power ministry is planning to cap the sale price of electricity sold in the open market if the projects claim tax benefits.

OUTLOOK

Market opened strongly in red & continued trading in negative zone throughout the day on the back of negative cues from the global indices.

International markets were trading strongly in red & remained in the same territory resultant selling pressure in across the board in our markets too.

Realty, Metal, Auto & Oil and gas got punished heavily.

In the first half of session, we witnessed mixed movement as the market breadth was marginally on the down side but it declined very sharply below crucial support level of 4420 area.

We expect index to hold 4340-4320 levels as the next crucial support zone with possibility of technical bounce in the next session.