Buy TATA STEEL CA @ 12

At - 638

TGT – 16,18,22

SL - 624

Essar Oil has announced the unaudited results for the quarter ended September 30, 2010. The company has reported a net profit of Rs 130 crore for the quarter ended September 30, 2010 against a net loss of Rs 94 crore for the quarter ended September 30, 2009. Meanwhile, its total income for the quarter under review has gone up by 14.17% to Rs 10,964 crore from Rs 9,603 crore for the year ago period. 

Home appliances and consumer durables manufacturer Jaipan Industries is aiming to enter into the mobile handsets market by launching 12 mobile handsets including three hi-tech models by early 2011.

The company is looking to become one among the top ten players in this market and is targeting 5% market share in a year’s time with these handsets which would range from Rs 1,099-Rs 4,000 a piece.  Initially, the company will assemble the handsets in China and later would start manufacturing them from its existing home appliance manufacturing facilities. 

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