NIFTY TIPS TODAY 22 MAY 2012:
SELL NIFTY 4920-4924
Stoploss 4948
Target 4904 - 4885
WITH (RANGE BOUND MARKET EXPECTED FOR THE DAY)
STOCK TIPS TODAY 22 MAY 2012:
Short CAIRN at CMP
sell at 328.50 - 328 Stoploss 332, Target 322.20
Tata Communications has registered a jump of 51.77% in net profit at Rs 38.20 crore for the fourth quarter ended March 31, 2012, compared with a profit of Rs 25.17 crore for the same quarter a year ago. The company’s total income surged 18.53% to Rs 1159.42 crore for the quarter under review as compared to Rs 978.18 crore for the corresponding quarter previous fiscal.
On consolidated basis, the company has posted a net loss of Rs 260.94 crore for the quarter ended March 31, 2012 as compared to a loss of Rs 156.51 crore for the same quarter in the previous year. However, total income has increased by 27.62% at Rs 4015.32 crore for quarter under review as compared to Rs 3146.27 crore for the quarter ended March 31, 2011.
SELL NIFTY 4920-4924
Stoploss 4948
Target 4904 - 4885
WITH (RANGE BOUND MARKET EXPECTED FOR THE DAY)
STOCK TIPS TODAY 22 MAY 2012:
Short CAIRN at CMP
sell at 328.50 - 328 Stoploss 332, Target 322.20
Tata Communications has registered a jump of 51.77% in net profit at Rs 38.20 crore for the fourth quarter ended March 31, 2012, compared with a profit of Rs 25.17 crore for the same quarter a year ago. The company’s total income surged 18.53% to Rs 1159.42 crore for the quarter under review as compared to Rs 978.18 crore for the corresponding quarter previous fiscal.
On consolidated basis, the company has posted a net loss of Rs 260.94 crore for the quarter ended March 31, 2012 as compared to a loss of Rs 156.51 crore for the same quarter in the previous year. However, total income has increased by 27.62% at Rs 4015.32 crore for quarter under review as compared to Rs 3146.27 crore for the quarter ended March 31, 2011.
