Tuesday, November 01, 2005

Assam Company surged for the third day in a row after the company said it has struck oil at Amguri in Assam.


The stock was up 4.6% in early trade to Rs 21.50. 1.4 lakh shares changed
hands in the counter on BSE.

From Rs 17.94 on 27 October 2005, the scrip rose 14.5% in three trading
sessions to Rs 20.55 on 1 November 2005.

Assam Company has been carrying out exploration activities in the area in
association with its Canadian partner Canoro Resources.

Assam Company’s oil & gas division is currently engaged in exploration and
production of hydrocarbons in the Assam region in a joint production sharing
agreement with Canora Resources and ONGC.

2 Comments:

Blogger www.ShareTipsInfo.com Team said...

Dear Visitors,

This blog is really nice and informative. We are pleased to know this blog is really helping people. Its our pleasure to post informative content on this useful blog created by webmaster.

Time changes and with every passing day graphs of stock market changes which in turn changes the portfolio of investor. Like recent fall in Indian stock market
has ruined the portfolio of investors
who were invested in Nse and Bse
listed scripts. They have lost around say 60% of there money. But now once again after that correction in stock market Nifty and Sensex has picked up momentum. But
we again warns all investors that don’t be too over tempted by this rise as its just a minor upmove. Until Nifty doesn’t close above 5300 for 3-4 sessions we are not at all bullish in market. So invest in market for short term or prefer day trading commonly known as Intraday trading.

Apart from it rising price of Crude oil, Rising Inflation is a matter of concern. Though dollar is becoming stronger that will boost IT sector and Exporters.

All in all we suggest be in Indian stock market and if you are investor invest with the proper strategies like go Long for maximum 1 week that too with proper stoploss and target.
If you are day trader be a strict intraday trader then , clear your goals and trade with strict stoploss and target if you want to earn.



Regards


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2:51 AM  
Blogger kavin smith said...

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3:38 AM  

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