- Target of all the recommended stock posted on 27th Feb
- Check out the previous post of apnapaisa.blogspot.com here
- http://apnapaisa.blogspot.com/2009/02/stocks-for-next-week-indiabulls.html
- The target achieved are more than the expected.
- Happy Investing
Thursday, April 23, 2009
Target Achieved of the Stocks Recommended
Dividends Updates
- Reliance Industrial Infrastructure Ltd recommended a Dividend of
Rs 3.50 per Equity Share of Rs 10/- each on the Paid-up Capital of Rs 15.10 crores. - Bank of Rajasthan Ltd recommend the dividend on equity shares for the financial year 2008-2009 in the meeting to be held on May 09, 2009.
- Tata Sponge Iron Ltd has recommended a dividend of 80% (i.e. Rs 8 per equity share) for the year ended March 31, 2009. The cash outflow on account of dividend will be Rs 1,232 lakh and for tax on distributed profit including Education Cess will be Rs 209.38 lakh.
- Can Fin Homes Ltd has a dividend at 20% for the financial year 2008-09, to be declared at the 22nd Annual General Meeting of the company convened to be held on or before September 30, 2009.
- GTL Ltd has Recommended a Dividend @ 30% (Rupees 3.00 only per share) on the Equity Share Capital of the Company for the financial year ended March 31, 2009.
Tuesday, April 21, 2009
RBI CUTS KEY RATES
The RBI today cut its key short-term rates by 25 basis points each
to shore up faltering growth in the face of the global economic
slowdown. The repo rate, at which the Reserve Bank of India (RBI)
infuses cash into the banking system, will be cut to 4.75%, and the
reverse repo rate, at which it absorbs excess cash from banks, will
be reduced to 3.25%, effective immediately.
The Reserve Bank also repeated a call for banks to pass on its rate
cuts to customers and said deposit rates should also fall. "There
is scope for the overall interest rate structure to move down
within the policy rate easing already effected by the Reserve
bank," it said, adding its latest rate cut reinforced the case.
The central bank cut is growth estimate for the year ended March
2009 (FY 2009) to 6.5% to 6.7%, from 7% projected earlier. It has
forecast growth of around 6% for the year ending March 2010 (FY
2010).
The RBI today cut its key short-term rates by 25 basis points each
to shore up faltering growth in the face of the global economic
slowdown. The repo rate, at which the Reserve Bank of India (RBI)
infuses cash into the banking system, will be cut to 4.75%, and the
reverse repo rate, at which it absorbs excess cash from banks, will
be reduced to 3.25%, effective immediately.
The Reserve Bank also repeated a call for banks to pass on its rate
cuts to customers and said deposit rates should also fall. "There
is scope for the overall interest rate structure to move down
within the policy rate easing already effected by the Reserve
bank," it said, adding its latest rate cut reinforced the case.
The central bank cut is growth estimate for the year ended March
2009 (FY 2009) to 6.5% to 6.7%, from 7% projected earlier. It has
forecast growth of around 6% for the year ending March 2010 (FY
2010).
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