Market Talk

Tata Motors: As per latest resport, JLR sales are not up to the mark. The share is likely to witness selling pressure.

Thermax: A foreign institutional house has downgraded the stock.

Sterling Holiday Resorts: Rakesh Jhunjhunwala is reported to have been buying the shares from the secondary market.

Moodys Ratings: has down graded the ratings of top three private sector Banks - ICICI Bank, HDFC Bank and Axis Bank.

Videocon Industries: has stated to have stuck oil in its Mozambique operations.

L&T: has come out with highly encouraging results for the quarter ended March 2012. The market men greeted the news with hike in its share price. Foreign brokerage houses have started re-rating the scrip.

Ashok Leyland: has come out with lack lustre performance and the share price was hammered on the bourses.

IVRCL: The company's net fell 85% in FY12. Consequently, the stock plunged around 12%.

Geometric: Rakesh Jhunjhunwala buys 5 lakh shares in the company. The shares were bought at Rs.62.51 each.

Sintex: Citigroup downgrades the stock to sell.

Dabur India: HSBC maintains neutral rating on the stock with a price target of Rs.115.

Colgate Palmolive: There was buzz that a Singapore based fund is accumulating the company's share.

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