Buy Tata Tele (Mah) share at current market price of  Rs.41 for three month target of  Rs.50. They reported excellent result in last ended quartet. Tata Tele (Mah) company is the best position at present in the market.

Tata Teleservices Maharastra Ltd has informed BSE that Finance Committee has accepted allotment of  1,51,58,152 Share for price of Rs.10 each to the shareholders, Investors who have right  to convert FCCBs Share. Share have allotted and issued at primary price of Rs.14.49 every Equity Share, according to terms and condition of FCCB issue.   

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The Indian rupee slipped  its lowest points since the last two weeks on Wednesday. Some Asian Currencies also slipped same as rupee, against dollar.

Partially exchangeable rupee was 39.85/86 on Monday’s close while it was 39.86 for each Dollar at 9:40 on Wednesday. Indian Markets were closed on October 2, 2007 for National holiday. Previous week Indian rupee increased till 39.62 to touch a new peak of success first time after April 1998.

Investors said they will analysis of Share Market to find direction of  Indian Rupee. Direction of rupee depends on investment. Investment Flows has increased over than 11% current financial year. The Stock Market Index made new records in last some trading days. Foreigners bought more than 3.6 billion dollar during the last some trading days of September by the sources, after a cut in interest rates of American Bank.

Data shows that in the first seventh months of financial year 2007 the Central Bank spent 38.1 billion dollar to test the rupee therefore traders are alert about provoking the central bank.  

Investments in shares not only give capital appreciation, it also gives income in the form of dividends. Dividend is the amount that a company distributed every year to its shareholders out of the profits it earns. It is usually expressed as a percentage of the face value of the share, or in rupees per share. To get a clear idea of what dividend means, let us assume that you own 100 equity shares of face value of Rs. 10 each in XYZ Ltd. Now if the company declares a dividend of 20 per cent or Rs. 2 per share, you will get a dividend of Rs. 200. It is not necessary for a company to declare a dividend every year. Company’s Watchmaker losses usually skip the payment of dividends. However, most profit-earning companies usually give an annual dividend to their shareholders. Some companies even split this annual dividend into two installments, called interim dividend and final dividend. Most Indian companies usually give dividends ranging from 10 per cent to 30 per cent. It all depends upon the amount of profits the company earns, and the policy adopted by its management on how much of these profits it can afford to distribute to its shareholders

As a rule-of-thumb, the amount you are likely to get as dividends every years will normally be around 1 to 2 per cent of the market value of your shares. For example, if you have shares in various companies whose current market value is Rs. 50,000 then you can expect around Rs. 500 to Rs. 1,000 as the total dividend from these companies. This is a useful rule to remember. It comes in handy when you want to make a quick mental calculation on how much income you are likely to get by way of dividends on your stock market investments.