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This will touch 35 soon!...

very good. pls read twice very carefully to make a decision. The company’s consolidated revenues during the quarter grew at 21 per cent to Rs 1,666 crore as compared to Rs 1,375 crore for the same period last fiscal. Vineet Nayyar, chief executive of Tech Mahindra. Reuters “This quarter we had a benefit of 1.3 percent on currency rate. The growth was largely volume driven. Efficiency levels are also pretty significant in this quarter,” Mahindra Satyam CFO Vasant Krishnan said. On the outlook for the current fiscal, company’s chairman Vineet Nayyar said though the global economic situation appears to be bleak at this point of time, the company would try to maintain the current level of growth. “Economic prognosis at this point time is uncertain. There are large numbers of contradictions in Europe. This is going to have an impact on business, especially on spend. And I also said normally whenever affluent countries come under pressure and need to economise, they do turn to suppliers like us,” he said. With larger peers like Infosys and Wipro giving muted guidance lower than Nasscom’s guidance, while Cognizant slashed its annual revenue forecast, there are concerns about the health of the Indian IT outsourcing industry. Industry body Nasscom has forecast the sector’s growth at 11-14 percent for this fiscal. Exuding confidence in the company’s capabilities, Nayyar said, “There are forces at work and it is our hope, not promise, that we will be able to continue with the current level of growth.” For the full year ended 31 March 2012, Mahindra Satyam has registered a net profit of Rs 1,306 crore as against a loss of Rs 147 crore in 2010-11. Revenues in the reported fiscal stood at Rs 6,395.6 crore, up 24.3 percent from Rs 5,145.1 ...

If increasing buyback can get gain in share Y even after buying 143 lakhs shares it has gone down from above 800 when buyback started to even below 700 and touched multi years low?Firstpost wl never answer this question as firstpost is controlled by NW18 which is controlled by RIL itself....

INDIAN MARKETS ARE EXPECTED AT 12000-13000 levels....Source:NDTV ...

Investor disillusionment is clearly evident from the fact that Reliance’s shares have lost more than Rs 22,000 crore, or 10 percent of market capitalisation, in the past one month. In contrast, the benchmark Sensex has lost 5.5 percent. The company also had to cede the title of India’s most valuable private-sector company to Tata Consultancy Services. Even Reliance’s ongoing buyback programme has done little to prop up the value of the share price. According to a report in Business Standard, the company bought an average of 600,000 shares a day seven times this month, more than double of what it bought in April. Still, they haven’t buoyed the stock price. Reliance shares are currently trading at Rs 684, after tumbling to Rs 674 earlier. Even so, the short-term future looks bleak. Source:FirstPost...

OIL India in result season may be a good buy in small qty. Most of the blue-chip i.e.SBI,Tata Steel, ONGC, Hindalco,ICICI bank,BHEL,HDFC bank,RIL,Tata motors,DLF all are slided in share price from 0.65% -2.64%, Where as OIL India CMP is (-0.66%). Medium to Long term investor need not to worry. ...mds...

Source:FirstPost - By R Jagannathan It is perhaps fitting that on the eve of the third anniversary of UPA-2, the finance ministry should indulge in yet another act of looting taxpayers and investors for political expediency. Last week, the finance ministry generously agreed to give the oil marketing companies (OMCs) ...

Source:FirstPost - “You cannot take the Gandhi family’s charisma away from them,” declared Congress leader Ashwini Kumar in the wake of the UP elections. And yet that is exactly what the electoral debacle did to the nation’s first parivar. The flurry of headlines told the sorry tale: “Li...

Source:FirstPost - The United Progressive Alliance may be celebrating three years in power but given the findings of a CNN IBN survey which indicated growing frustration with the Congress and Prime Minister Manmohan Singh, should it really be celebrating? “The age of this government is three years, but it is 8 ...

Source:FirstPost - 11:30 am Its a quiet session on the street today with the Sensex and Nifty up by half a percent. The Sensex, the barometer of the Indian economy, is trading at 16,223, up 51 points from the day’s low and off 63 points from the day’s high. The S P CNX Nifty is holding above the 4,900 lev...

Source:FirstPost - 11:30 am Its a quiet session on the street today with the Sensex and Nifty up by half a percent. The Sensex, the barometer of the Indian economy, is trading at 16,223, up 51 points from the day’s low and off 63 points from the day’s high. The S P CNX Nifty is holding above the 4,900 lev...

Source:FirstPost - Greece is a puny economy.  Its economy makes up less than 0.5 percent of the world’s Gross Domestic Product (GDP).  And, historically, that’s how it has been, after the days of Alexander the Great ended. As economist Bill Bonner points out in a column, “Greece, a small country with a small ...

Source:FirstPost - Rishad Premji, the oldest son of IT billionaire Azim Premji  has been slowly gearing up to take charge of one of India’s largest software companies, Wipro. And in a first indication of his son’s future  Premji, in an interview with Bloomberg TV recently said “it would make sense...

Source:FirstPost - Hyderabad: Mahindra Satyam today reported a net profit of Rs 534.21 crore for the fourth quarter ended 31 March 2012, driven largely by higher revenues and increased employee efficiency rates. The city-based company had suffered a net loss of Rs 327 crore in the January-March period of 2011. The co...

Source:FirstPost - Bharti Airtel, India’s top mobile phone operator, on Thursday cut prices of its third-generation (3G) mobile data services by about 70 percent under some plans, a company statement showed, in a move to boost usage of the premium services in the country. Reuters Bharti and its rivals in the co...

Source:FirstPost - On a day when the most high-profile accused in the 2G spectrum case, former telecom minister A Raja was granted bail and released from Tihar Jail, the Special CBI court resembled a party office that had just won an election. Raja, the main attraction of the special CBI court, was mobbed by party wo...

Source:FirstPost - Mumbai:  If JSW was really involved in the Karnataka mining scam, then why would it have not been allotted a single iron ore mine despite an investment of Rs 50,000 crore in the state? This was the question, the company’s head Sajjan Jindal asked reporters after announcing its fourth quarter...

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