Concept Consultants

Cairn India which dose oil exploration business in India having its main focus on Rajasthan, India has stuck more oil and gas.

The company which has the production sharing contract with ONGC for this oil field in which the cairn hold 70%

The companies share price has trading between 130-170 in recent times, the market analyst feel the stock is good long term buy.

Though the fall crude oil price may act as dampener in the share price movement and the analyst feel the stock can touch 300-320 levels in long term.

Investor with the long term can buy the stock for handsome returns

Fundamental Analysis, Indian Market News, Market Gossip, Stock Tips buy, cairn, gas, long term, oil, ongc

When barely few months left to the congress led UPA government to end its term the govt. has introduces the insurance reforms bill in Rajya Shbha.

 The key features of bill are.

Increase in FDI cap to 49%

The give permission to raise newer capital

Divestment curbs on the Indian promoters to go

Reduction in minimum capital requirement for pure health insurers.

Public sector general insurers to be allowed to tap markets

Both Life Insurance council and General insurance council are to be made self regulating bodies

The bill was introduced amid of strong options from the Left parties.

The lest parties have the major problem on increase in FDI limit to 49%

Indian Market News, news capital, congress, FDI, General insurance, Life Insurance, UPA

SATYAM COMPUTER stock price crashed another 14% on reports of Wipro’s denial to buy stake in the company.

Satyam computer’s share price has fallen nearly 40% since the company called off the deal to buy stake in the MAYTAS (owned by the promoter family) The stock has seen huge volumes since then and the investors and the trader have been selling the shares in market, if one has to go by the market rumors the stock may plunge to sub Rs.100 levels.

Fundamental analyst says the counter may have seen the steep fall and at current market price of 140 the stock seems to be attractive investment. But they also have a view that the stock price may rise only if there is any change in the satyam’s top management.

Analysts feel technically the stock has good support near Rs.140. below which the stock may see further fall

Uncategorized IT Companies, maytas, satyam computer, stock price, support

Indian IT Firm WIPRO LTD, is reported to buy Citi’s India tech arm for USD 127 million for cash. Citi Tech Services is an India-based captive provider of IT services and solutions and its revenues were approximately USD 80 million in CY08. The agreement provides for delivery of at least USD 500 millon in service revenue over the period of the contract. The transaction is expected to be closed by March 2009.Citi’s Tech Head said Citi Tech Services has close to 1700 people with revenues close to USD 80 million this year. According to him, integration with Wipro will provide a larger suite of services and help drive productivity and scale.

Uncategorized buy out, citi, tech arm, USD 500 millon, wipro

List of Trading Holidays for 2009:

Trading Holidays for 2009

The holidays falling on Saturday / Sunday are as follows:

Trading Holidays for 2009 falling on Sat or Sun

*Muhurat Trading will be conducted. Timings of Muhurat Trading shall be notified subsequently.

Indian Market News Trading Holidays