BF Utilities extends gains on signing Rs 500-crore FDI for unit 28/12/2010

The announcement was made after market hours on Friday, 24 December 2010. Boosted by the announcement, the stock had jumped 7.65% to Rs 908.90 on Monday, 27 December 2010.
Meanwhile, the BSE Sensex was up 28.14 points, or 0.14%, to 20,057.07
On BSE, 2.92 lakh shares were traded in the counter as against an average daily volume of 1.68 lakh shares in the past one quarter.
The stock hit a high of Rs 940 and a low of Rs 906 so far during the day. The stock had hit a 52-week high of Rs 1431.80 on 7 January 2010 and a 52-week low of Rs 652 on 10 December 2010.
The mid-cap firm has an equity capital of Rs 18.83 crore. Face value per share is Rs 5.
On Friday, 24 December 2010, BF Utilities said the board of directors of the company and its subsidiary Nandi Economic Corridor Enterprises (NECE) have approved the proposal and signed definitive agreements for raising funds through a potential issue of equity shares and compulsory convertible preference shares for a minority stake in NECE.
The objective of the fund raising is to augment NECEs equity resources required for part financing the project cost for the implementation of phase I of the Bangalore Mysore Infrastructure Corridor Project, BF Utilities added.
BF Utilities net profit fell 19% to Rs 2.48 crore on 7.90% decline in net sales to Rs 8.59 crore in Q4 September 2010 over Q4 September 2009.

INDIAN ADRS UPDATE 14/12/2010

INFOSYS Up 0.69 (0.99%), WIPRO Down 0.13 (0.89%), ICICI BANK Up 0.25 (0.51%), HDFC BANK Down 0.85 (0.51%), MTNL Down 0.07 (2.83%)  

BANKNIFTY FOR SUPPORT 14/12/2010

BANKNIFTY (2nd Resistance) 11794.97
(1st Resistance) 11683.23
Pivot point 11488.27
(1st Support) 11376.53
(2nd support) 11181.57

NIFTY FOR SUPPORT 14/12/2010

NIFTY (2nd Resistance) 6093.15
(1st Resistance) 6013.05
Pivot point 5904.9
(1st Support) 5824.8
(2nd support) 5716.65

BUY MUNDRAPOR 25/11/2010

BUY MUNDRAPOR(532921) : 142.50-163 STOP-LOSS:138 TARGET:150-TGT2:154.40  FOR 6-7 DAY CALL FOR POSITIONAL  

BANKNIFTY FOR SUPPORT 22/11/2010

BANKNIFTY (2nd Resistance) 12515.67
(1st Resistance) 12301.18
Pivot point 12160.87
(1st Support) 11946.38
(2nd support) 11806.07

NIFTY FOR SUPPORT 22/11/2010

NIFTY (2nd Resistance) 6074.02
(1st Resistance) 5982.08
Pivot point 5921.07
(1st Support) 5829.13
(2nd support) 5768.12

BANKNIFTY FOR SUPPORT 19/11/2010

BANKNIFTY (2nd Resistance) 12953.78
(1st Resistance) 12664.57
Pivot point 12377.78
(1st Support) 12088.57
(2nd support) 11801.78

NIFTY FOR SUPPORT 19/11/2010

NIFTY (2nd Resistance) 6136.3
(1st Resistance) 6083.95
Pivot point 6004.65
(1st Support) 5952.3
(2nd support) 5873

BANKNIFTY FOR SUPPORT 18/11/2010

BANKNIFTY (2nd Resistance) 12999.35
(1st Resistance) 12774.2
Pivot point 12614.85
(1st Support) 12389.7
(2nd support) 12230.35

NIFTY FOR SUPPORT 18/11/2010

NIFTY (2nd Resistance) 6193.48
(1st Resistance) 6094.22
Pivot point 6034.73
(1st Support) 5935.47
(2nd support) 5875.98

BANKNIFTY FOR SUPPORT 10/11/2010

BANKNIFTY (2nd Resistance) 13380
(1st Resistance) 13286.55
Pivot point 13141.55
(1st Support) 13048.1
(2nd support) 12903.1

NIFTY FOR SUPPORT 10/11/2010

NIFTY (2nd Resistance) 6399.45
(1st Resistance) 6366.45
Pivot point 6314
(1st Support) 6281
(2nd support) 6228.55

NIFTY FOR SUPPORT 10/11/2010

NIFTY (2nd Resistance) 6399.45
(1st Resistance) 6366.45
Pivot point 6314
(1st Support) 6281
(2nd support) 6228.55

Forthcoming Quarterly Results 03/11/2010

GAIL
MTNL
CESC
GTL
OBC
AUROBINDO
LAKSHIVILAS BANK
FIRST LEASING
SHASUNCHEM
SURYAPHAMA
SUND CLAYTON
KEC INTL
CLEOD RUSSEL
VESUVIOUS
TTK HEALTH

Forthcoming Quarterly Results 29/10/2010

ABB
BALLARPUR
BHEL
BLUESTAR
FEDBK
GHCL
GESHIP
HEROHONDA
HCC
IOB
ITC
JETAIR
NEROLAC
M&M
NAGFERT
NESTLE
NIRMA
WELCORP
UCOBK
TATACHEM  
SYND BK

NIFTY FOR SUPPORT 29/10/2010

NIFTY (2nd Resistance) 6112
(1st Resistance) 6050
Pivot point 6009
(1st Support) 5947
(2nd support) 5906

BANKNIFTY FOR SUPPORT 27/10/2010

BANKNIFTY (2nd Resistance) 12549.25
(1st Resistance) 12473.5
Pivot point 12424.25
(1st Support) 12348.5
(2nd support) 12299.25

NIFTY FOR SUPPORT 27/10/2010

NIFTY (2nd Resistance) 6161.42
(1st Resistance) 6134.83
Pivot point 6114.42
(1st Support) 6087.83
(2nd support) 6067.42

BANKNIFTY FOR SUPPORT 25/10/2010

BANKNIFTY (2nd Resistance) 12638.3
(1st Resistance) 12531.3
Pivot point 12430.9
(1st Support) 12323.9
(2nd support) 12223.5