Bharat Heavy Electricals Limited (BHEL) - Sensex stocks 10

BHEL Limited:

Key data:

Industry: Engineering - Heavy electricals
No of shares: 489,520,000
Face value: Rs 10
BSE code: 500103
NSE code: BHEL
Head: K. Ravikumar

Share holding pattern (as on 30th June 2008):

Promoters: 67.72%
Foreign & Institutional investors: 26.07%
Public & others: 6.21%

BHEL is one of the "Nava ratna" companies of India. It is the largest electrical manufacturing company in India. It has also entered into Infrastructure space. Its area of interest includes manufacturing of power generation equipment, transmission, distribution, telecom equipment. Read more

September 25, 2008 | Filed Under Stock Research | Leave a Comment

Change in Market Timings at NSE and BSE

Due to sun outage Indian markets timings are changed from September 24th to October 08th. The Bombay stock Exchange announced that due to heavy solar activity, the VSAT services are likely to be disrupted from September 24, 2008 to October 08, 2008 (both days inclusive).

It has, therefore, been decided to re-schedule the trading session timings from September 24, 2008 to October 08, 2008 (both days inclusive) as follows: Read more

September 23, 2008 | Filed Under Market Analysis | Leave a Comment

Indian Markets Next week September 22nd 2008

Last week markets all over the world went through a very high volatile phase. Financial crisis scared the investors but settled down with the intervention of Federal Reserve. Markets tumbled following the news of Lehman bankruptcy, Merrill’s take over, AIG’s request for bail out etc. It’s really gestation period. Fed has come out with a bail out plan to rescue more companies. But the big question is if they could come out of this big crisis in the near future. As far as the Indian companies are concerned, every one is waiting for Q3 results. They might not be as good as they were expected earlier. Any surprises would boost the Sensex at least for couple of thousands.

Wholesale Price Index based inflation was slightly up at 12.14 for the week ended September 6th against a previous figure of 12.10. The monetary measures taken by RBI and fiscal measures taken by the Government are expected to yield results only after November. Till that time 2 digit inflation is a sure-shot. Crude prices are little over $100. It’s not the centre of the news as some interesting news flowing down every day. Read more

September 22, 2008 | Filed Under Market Analysis | Leave a Comment

Fed plans for a new bail out/SEC bans short selling

Today US markets are trading at high premium. The federal Government came forward again to contain the credit crunch. Treasury Secretary Henry Paulson said on Friday "The federal government must implement a program to remove these illiquid assets that are weighing down our financial institutions and threatening our economy," said Paulson. He added that the government would take on hundreds of billions of dollars in obligations. The team will work on this in the weekend and come out with complete details of the plan. Read more

September 19, 2008 | Filed Under Market Analysis | Leave a Comment

Lloyds TSB takes over Halifax Bank of Scotland (HBOS)

The British bank and insurance company, Halifax Bank of Scotland (HBOS), which was created by the merger of Halifax and bank of Scotland, is now taken over by Lloyds TSB, one of the biggest UK banks. HBOS is the biggest home loan lender in UK and got affected by the credit crunch of sub-prime mortgage business in US.

Lloyds TSB and HBOS were rivals in UK. Lloyds’ takeover deal was settled at 232 pence per share. With this deal Lloyds will become Britain’s third-largest bank behind Royal Bank of Scotland and HSBC.

It’s expected that more than 40,000 jobs could be lost because of this deal. The combined employee strength of these two companies are 145,000. Hundreds of branches could be shut down. Read more

September 18, 2008 | Filed Under Market Analysis | Leave a Comment