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FIIs holding in BSE 200 stocks is still high and they are under stress due to selling pressure. Here is a list of FIIs holding of 40% of the available float in the top-25 Indian companies. Data as of March-6th. ICICI Bank 63.7% HDFC 58.8% Infosys Technologies 52.1% HDFC Bank 45.5% Bharti Airtel 22% Reliance … Read more Stocks held by FIIs in Top 25 Indian Companies
HCL Technologies, one of the biggest IT companies of the country, has emerged as the lowest for the enterprise resource planning (ERP) project of Bharat Sanchar Nigam (BSNL) with a quote of Rs 230 crore. BSNL had invited the bids in September last year for the ERP project, which consists of design, planning, supply, installation, … Read more HCL Technologies emerges as lowest bidder for BSNL contract
Highlights of call Sterlite has announced that it has signed a new agreement with ASARCO LLC (Asarco), a Tucson based mining, smelting and refining company, for purchase of substantially all the operating assets of Asarco. The Company is acquiring the operating assets of the Company net of any liabilities so they would be free from … Read more Sterlite Industries Management Take on Asarco acquisition
The markets across the world have slipped to new multi-year lows on account of the deepening economic recession globally. In the USA, the economic realities have overshadowed the short-lived euphoria that was created by the rhetoric of the Obama administration. The Indian equity markets have also witnessed a sell-off in line with the meltdown in … Read more A Week of collateral damage in Indian Equity
As indices have been falling recently, slowly Life Insurance Corporation of India has bought some stocks; mainly they are banks which have faced most of the selling pressure. ICICI Bank 9.38 GAIL 9.98 IOB 7.09 HDFC Bank 7.105 PNB 10 As an investor, you should not get tired of buying. Peter Lynch once said, When … Read more LIC hikes stake in ICICI + HDFC Bank + PNB
While this was better than Dec’08 (immediately post the 26/11 attacks), data is disappointing. Jan is traditionally considered peak business season for star hotels and average occupancy falling to 58% (vs. 79% in Jan’08) with ARRs down 14% YoY in 10 key cities across India does raise downside risks to earnings. Bangalore and Pune reported … Read more India Hotels – Sharp Decline in Occupancy and Avg Room Rent