Wednesday, November 22, 2006

INTRADAY TIPS FOR 22ND NOV, 2006

REI Agro Ltd, targets 171,173,175,178.
Sterlite Optical, targets 216,220,223.
Century Textiles, targets 631,635,639,645.
HEG Ltd, targets 173,175,178,186.



FROM THE MEMORY LANE: - Premchand Roychand was a 19th century Indian businessman known as the "Cotton King" and "Bullion King".

Born in 1831 he was the son of Roychand Dipchand, a merchant from Surat. The Roychand family moved to Bombay when Premchand was a young boy. Recorded as the first Indian broker to speak, read and write English, he entered the lists as a stock broker in 1849. Apart from the capital markets, Premchand Roychand had significant business interests in the cotton and bullion markets along with stock market. He was the founding member of the Bombay Stock Exchange

He reaped enormous profits from the cotton boom that changed Bombay's economy for all times to come. Founder of the Bank of Bombay, people flocked to his Mazgaon mansion when it was illuminated on festive occasions.

The Rajabai Clock Tower in the University of Bombay, named after his mother, was built from a donation of Indian Rupees 2, 00,000 by him, as was the library.

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