Allotment of Supreme Infrastructure IPO is out

Supreme Infrastructure IPO Allotment is ready and retail investors can expect decent allotment. Refund in the ipo can be expected trhough the ECS by 18th of October and the listing date is not yet known.

Infosys Tecnologies Q2 Numbers not good

Infosys Technologies have come up with their Q2 numbers and market sources believe that the numbers are extremely disappointing considering the previous numbers they have given year on year.

Read more information regarding the Infosys Q2 2007 Results

Infosys Results on 11-10-2007

I.T major Infosys Technologies Limited will announce its second quarter results tommorrow. Market analysts believe that Infosys results will be inline to the guidance given in its previous results.

Infosys is expected to post a topline figures close to 10% compared to its previous quarter results. It would be interesting to see how the stock markets react to Infosys numbers.

Reliance Power IPO to be Indias biggest IPO

According to the market sources Reliance Power IPO will be India's biggest IPO , previously the biggest IPO to hit the Indian Markets was the Real estate major DLF Limited , ICICI Bank follows the DLF IPO.

Now surpassing both these IPO's Reliance Power Limited IPO will be the biggest one to hit the Indian Markets.

Reliance Power IPO would issue around 130 crores at a price to be decided later through the book building issue.

Reliance Energy touches 52 week high

Reliance Energy stock prices zoomed again today to close at Rs 1585.70. Reliance Energy in its intra day trading touched its 52 week high of Rs 1624.70 and the stock was trading with volumes of 6,240,764 shares on the National Stock Exchange of India.

Reliance Energy has continously gained in the past 1 month based on the Reliance Power IPO news . Reliance Power is the fully owned company of Reliance Energy Limited.

iGate Global Solutions to delist

iGate Global Solutions today announced that the parent company would like to delist the company from the Indian Stock exchanges and would buy back the shares of iGate Global solutions from the market after taking the approval from shareholders and SEBI.