“BUY ALPHAGEO at 800 TGT 830/860 SL 775”
The Sensex ended down 157 points at 28,052 and the Nifty slipped 28 points to settle at 8,639. Gujarat Alkalies & Chemicals Ltd jumped 13% to Rs.273. The company said its net profit for the June quarter rose 95.1% to Rs.86.26 crore as compared to Rs.44.21 crore a year ago. Thirumalai Chemicals Ltd dropped 8% to Rs.333. The company said its net profit stood at Rs.20.24 crore in June quarter, up 6.08% from Rs.19.08 crore a year ago. Net sales fell 17.7% to Rs.217.77 crore. Gujarat State Fertilizers & Chemicals Ltd fell 5% to Rs.70 after the company said its net profit fell 54% in June quarter to Rs.46.30 crore as compared to Rs.100.94 crore a year ago.
On the global front, Asian shares closed in red after the Bank of Japan kept interest rates and government bond buying unchanged after the conclusion of a two-day monetary policy meeting. The Bank of Japan expanded monetary stimulus through increase in purchases of exchange-rated funds. Japan’s Nikkei closed in green, while Hong Kong’s Hang Seng and