Equity Alert: Gujarat NRE up 2%; co to announce bonus, Q1 earnings
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K.Karthik Raja
Jul 18, 2008, 4:27:05 AM7/18/08
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Equity Alert: Gujarat NRE up 2%; co to announce bonus, Q1 earnings
MUMBAI--12:57PM--Gujarat NRE Coke shares were up 1.7% at 106
rupees as traders expect a favourable bonus issue and better than
expected Apr-Jun performance.
The company's board of directors is meeting today to consider
issue of bonus shares, dividend, and a rights issue, along with Apr-
Jun earnings.
We see the standalone net profit at 64 crores (640 mln rupees) and
net sales at 370 crores (3.7 bln rupees) for the Apr-Jun quarter,"
The share is expected to have intraday resistance at 107 rupees.
Support is seen at 99 rupees.
So far, 1.7 mln shares have been traded on NSE.
MUMBAI--12:57PM--Gujarat NRE Coke shares were up 1.7% at 106
rupees as traders expect a favourable bonus issue and better than
expected Apr-Jun performance.
The company's board of directors is meeting today to consider
issue of bonus shares, dividend, and a rights issue, along with Apr-
Jun earnings.
We see the standalone net profit at 64 crores (640 mln rupees) and
net sales at 370 crores (3.7 bln rupees) for the Apr-Jun quarter,"
The share is expected to have intraday resistance at 107 rupees.
Support is seen at 99 rupees.
So far, 1.7 mln shares have been traded on NSE.
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