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Market Watch

By Chris Johnson
Dear Reader,
Bullish on Bailouts.  That's the best way to describe what we saw last week, as investors bought equities while evidence continued that government aid would be available to help the market through its current crisis.
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Result hopes power ABB
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Monday, 23 July 2007
The stock hit a low of Rs 1061 and high of Rs 1118 so far during the day. 63,810 shares were traded in the counter on BSE. The stock was seventh biggest gainer in BSE’s A group shares.

A total of four brokerages expect a between 44% to 47.4% growth in ABB’s net profit to between Rs 103.50 crore to Rs 106 crore in Q2 June 2007 over Q2 June 2006. They expect a between 37.5% to 50% growth in ABB’s net sales to between Rs 1339.60 crore to Rs 1461.33 crore in Q2 June 2007 over Q2 June 2006.
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