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This stock from construction segment was in the limelight in the last week. The rise here was also backed by positive news of bagging order from National Power Corporation for Tapovan Vishnugad Hydro Electric Project. The attached weekly chart shows that prices were struggling to clear the 61.8% retracement hurdle and also gap region around [...]
Bank of Baroda’s (BoB) Q1’09 results were slightly below our expectations. Advances grew modestly by 4% on a sequential basis, while on a yearly basis, it rose by 42%. High interest rates and the prevailing economic slowdown negatively impacted the first quarter as demand lowered across all the segments. We expect that the advances would [...]
NAVBHARAT VENTURES From the weekly technical charts, it was noted that it was in steady uptrend and made successive higher tops and bottom. After making its top around 352 levels in Jan 2008 the prices slipped in corrective mode along with other market player and declined towards the supports due to its 62% retracement of [...]
Patel Engineering (493.70) This stock from construction segment was in the limelight in the last week. The rise here was alsobacked by positive news of bagging order from National Power Corporation for Tapovan Vishnugad Hydro Electric Project. The attached weekly chart shows that prices were struggling to clear the 61.8% retracement hurdle and also gap [...]