Tuesday, 9 October 2007

Air India IPO

Air India is reported to be coming out with an IPO to offload 15% of its stake after completion of its merger with Indian Airlines. The parent company will be called National Aviation Company of India Ltd (NACIL).

World’s Richest

The combined wealth of Mukesh and Anil Ambani is about $ 91 billion, making them the richest in the world, as reported by Economic Times. They have taken over the Walton family, who controls 39% stake in Wal-Mart and is valued at about $71 billion. And all this is thanks to the booming stock markets of India.

Yatra Online IPO

Yatra Online, the online travel services company may file for an IPO next year.


Ashwani Gujral has given a target of Rs2750 for Reliance. All Reliance stocks are currently touching their 52 week highs!! He also thinks that Reliance Energy can touch 1600-1650

Sensex above 18K!!!

Today was a historic day for India stock markets where the Sensex closed for the very first time above 18K mark. Bulls were not marred at all by the political uncertainty making one of the biggest intra day gains. It took market a total of 8 days to move from 17K to 18K.

Power Grid Corporation

As per S P Tulsian, Power Grid can touch Rs 115-120. He is quite bullish on this stock. As per him this is a good investment stock and puts it in the league of NTPC and IDFC which can give you a 20-25% returns very year.

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.