Wednesday, February 9, 2011

Daily Indian Stock Market Outlook by FairWealth Securities

Daily Indian Stock Market Outlook Fundamental Picks by FairWealth SecuritiesInvestors with a horizon of 6-12 months can consider following scrips for their investment. These companies have potential to give higher returns than index over a long term. TATA Steel has achieved its target of 708.
Corporate Highlights
Hindustan Construction Company (HCC) has been awarded a contract worth Rs 232.07 crore by Kanti Bijlee Utpadan Nigam Limited, a joint venture company of National Thermal Power Corporation (NTPC) and Bihar State Electricity Board (BSEB). According to the contract, HCC will construct 2 X 195 mega watt (MW) Muzaffarpur Thermal Power Project, Stage II in Bihar. The contract involves earthwork, reinforced cement concrete (RCC), structural steel fabrication and erection for power house, main plant, CW and other offsite works with chimney and chimney elevator. The estimated time for the completion of the project is 34 months.
Sun TV Network is increasing advertisement rates by 8-32%t. The new rates will be effective April 1, 2011. Sun TV is increasing rates on the back of sustained viewership and consistent ratings for its serials.
The advertisement rates have also been increased across the board for other Tamil channels - KTV, Sun Music, Sun News, Chutti and Adhitya. The slot fees (broadcast fees) received from the content producers will also be increased, accordingly. The increase in the advertisement rates for the other language channels like Gemini, Udaya, Surya and so on will also be announced shortly.
India's largest private sector bank, ICICI Bank, and Aircel today announced a joint initiative to drive financial inclusion in the country. Under the memorandum of understanding (MoU), the partnership will offer various financial products including savings accounts, prepaid instruments and credit products.
Fast-food chain operator Jubilant Foodworks Ltd is close to tying up a deal with a global food retailer, and is also moving ahead with expansion plans for Sri Lanka and Bangladesh. The company runs the popular Dominos Pizza chain in India.

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