HCC, Coastal Projects win project by North Frontier Railway

The total cost of the project is Rs1.61 billion and will be completed in 28 months

Hindustan Construction Company (HCC) in joint venture with Coastal Projects has been awarded a project by North Frontier Railway to develop a railway tunnel between Kambiron Road and Thingou station on the new railway line being developed between Jiribam and Tupul in Imphal, Manipur. The total cost of the project is Rs1.61 billion (HCC is the lead partner with 60% share - in joint venture) and will be completed in 28 months.

This is the third order HCC has received from North Frontier Railway on Jiribam-Tupul Railway line. In 2010, the company was awarded two contracts of Rs1.97 billion and Rs3.12 billion for construction of two BG tunnels of lengths 3.250 km and 4.694 km.

The project scope involves construction of single line BG tunnel of approximate length of 3.3 km including earthwork, slope protection & stabilization, RCC portal walls, permanent tunnel support, construction of side drains, rock supporting system and ancillary work.

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Reliance Infra introduces Gyanodaya to offer superior customer services

Gyanodaya will enhance the domain knowledge of customer care team and train them to meet the growing expectations of customer

Reliance Infrastructure (RInfra) has launched ‘Gyanodaya’ for building an effective work force capable of handling pressures arising out of the power distribution business.

This unique program is designed by RInfra to achieve excellence in providing customer care service. ‘Gyanodaya’ will enhance the domain knowledge of customer care team and train them to meet the growing expectations of customer.

Customer care teams will now have more information related to power distribution business, which in turn would help them to efficiently handle customer queries.

‘Gyanodaya’, will have elements like Gyaan Sweekaran - which will envisage sharing of best practices; Gyaan Sagar - which will envisage sharing of knowledge and Gyaan vruddhi - which will envisage online self help training module as well as virtual class rooms for training and group discussions.

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Will Nifty end positive on Monday?

Moneylife research shows a probability that Nifty might close positive on 9 April 2012.

We witnessed that this week, although truncated, had closed with positive returns. As of Wednesday, Nifty was 0.52% up. How will Monday, 9 April, play out? A lot of investors wonder by the end of week whether the next trading session, the one after the week’s close, will be positive or negative. Investors harbour hope that the future will be better than the past.

A Moneylife research shows, from 1130 weekly data points collected all the way back from 1990, that there is a slight chance that Monday might open positive. Out of 1,130 weeks, we found out that there were 615 positive weeks, including the week ended 4 April 2012. Out of the 614 weeks that closed positive, in the past, we sought to find out how the next trading session fared. We found out that the next trading session opened positive nearly 3 out of 5 times.

The average Nifty returns of the trading session following the 614 positive weeks, regardless whether positive or negative is minus 0.27%; in other words - flat returns. The highest return was 17.7%, recorded on 18 May 2009, when the UPA government returned to power. The lowest return was minus 11.77, recorded on 28 April 1992, when the Harshad Mehta scam broke out. Both these events transpired over the weekend and had a big impact. However, the variance of all the returns was 0.04% indicating that returns are clustered around the average (or mean, in statistics jargon), without many extremes, such as the Harshad Mehta scam, skewing average returns. Even when we analysed all the positive returns data, the average returns was only 1.42%. Barring any unforeseen events, global or local, that could have an effect on how markets open on Monday, 9 April 2012, returns may not be extreme, in either way.



Having outlined the scenario, will Nifty close positively on Monday? Probabilities indicate that there is a positive albeit slight chance that Nifty will bring cheer to investors, with returns expected to be close to average.

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COMMENTS

Kamal Shah

5 years ago

It would be wise , if Moneylife stops predicting day to day stock market movements on mere assumptions of past history which has no relevance to the events that are to happen. It creates a feeling among investors that Moneylife is either having direct influence to Stock Market movements or just guessing as it routinely happens on TV channels which makes investors and traders lose money many a times . Whatever forecast or assumptions so made should be purely made on techno-fundamentals ,everything else is misinformation .

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