'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 1 July 2014

Ten stocks in focus in Tuesday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Tuesday, tracking muted trend seen in other Asian markets and SGX Nifty. 

Reliance Industries Ltd:

IndusInd Bank Ltd:

IOC BSE 2.58 %, BPCL, HPCL: 

Havells India Ltd:

Union Bank of India:

TCS LTD:

Adani Ports Ltd:

Anant Raj Ltd:

'BUY' or 'SELL' ideas from experts for Tuesday, 01 July 2014 

DB Realty Ltd is a 'BUY' call with a target of Rs 115 and a stop loss of Rs 100 

Thomas CookBSE 3.08 % Ltd is a 'BUY' call with a target of Rs 128 and a stop loss of Rs 114 

Tinplate Company ofBSE 2.43 % India Ltd is a 'BUY' call with a target of Rs 92 and a stop loss of Rs 75 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 30 june 2014

Stock up on auto ancillaries as economic engine hums; better returns likely 

MUMBAI: Auto ancillary stocks have been climbing steadily in the last month. Investors are betting on them as they feel these companies will benefit from a likely uptick in the domestic sales and better prospects of the European economy. Amtek AutoBSE -0.18 % has moved up to Rs 240 from Rs 178, Motherson Sumi BSE 0.62 % to Rs 318 from Rs 260, while Bharat ForgeBSE 3.21 % surged to Rs 592 from Rs 468 and ExideBSE -0.28 % Batteries rose from Rs 136 to Rs 143. 

Amtek Auto has moved up to Rs 240 from Rs 178, Motherson Sumi to Rs 318 from Rs 260, while Bharat Forge surged to Rs 592 from Rs 468.


BUY' or 'SELL' ideas from experts for Monday, 30 June 2014 

NEW DELHI: Indian markets are expected to trade in a range on Monday following muted trend seen in other Asian markets. 

Eros International Media LtdBSE 3.76 % is a 'BUY' call with a target of Rs 246 and a stop loss of Rs 224 

Balkrishna Industries LtdBSE 2.33 % is a 'BUY' call with a target of Rs 760 and a stop loss of Rs 729 

Sonata Software LtdBSE 6.81 % is a 'BUY' call with a target of Rs 91 and a stop loss of Rs 75 

TVS Motors Ltd is a 'BUY' call with a target of Rs 172 and a stop loss of Rs 155 


stocks in focus in Monday morning trade 

Indian markets are expected to trade in a range on Monday, tracking muted trend seen in other Asian markets and SGX Nifty. 

Reliance Industries Ltd:

IoB:

Infosys Ltd:

GAIL India Ltd:

Coal India Ltd:

NTPC Ltd:

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 28 june 2014

Spotlight back on pharmaceuticals, IT stocks as rupee falters

MUMBAI: Investors have turned to defensive stocks such as technology and pharmaceuticals from cyclical and financial services as geopolitical tension in Iraq and a poor monsoon loom over India, threatening to undermine Prime Minister Narendra Modi's efforts to revive economic growth and curb inflation.

The fortunes of exporters such as technology and pharmaceutical companies are directly linked to currency movements. The rupee has depreciated 2.8% in the last one month from 58.50 levels to 60.10 levels, bumping up the value of export-related stocks.


BHELBSE -2.57 %, SBI, and ICICI BankBSE -1.32 % 

,Tech MahindraBSE 4.14 % has rallied 14.9%, TCSBSE 3.85 % has gained 12.6% and WiproBSE 1.90 % 

Ranbaxy shares jump on approval of generic drug Diovan 

MUMBAI: Shares of Ranbaxy LaboratoriesBSE 5.38 % zoomed on Friday on news that the company has received US approval and a 180-day period exclusivity to sell a generic version of Diovan, the blockbuster blood-pressure drug of Swiss drug maker NovartisBSE 0.37 %, after two years of its patent expiry. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 27 june 2014

Ten stocks in focus in Friday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Friday tracking muted trend seen in other Asian markets and SGX Nifty. 

Nifty was not able to clear the resistance of 7610 and succumbed to selling pressure. Despite the sell-off in Friday's session, Nifty trades near an important support of 7500, though very marginally below it. 

Here is a list of stocks which are likely to be in focus today: 

Wipro Ltd:

NTPC Ltd

Reliance Capital Ltd:

Infosys Ltd: 

ITC Ltd:

NALCO:

'BUY' or 'SELL' ideas from experts for Friday, 27 June 2014 

Bata IndiaBSE 1.11 % Ltd is a 'BUY' call with a target of Rs 1260 and a stop loss of Rs 1208 


DLF LtdBSE 0.17 % is a 'SELL' call with a target of Rs 200 and a stop loss of Rs 215.5 

HDFC Bank LtdBSE 0.62 % is a 'SELL' call with a target of Rs 788 and a stop loss of Rs 822 

Tech Mahindra LtdBSE 0.85 % is a 'BUY' call with a target of Rs 2100 and a stop loss of Rs 2024 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 26 june 2014

Solar power stocks see multi-fold jump on hopes from Narendra Modi govt 

India had total installed solar-power capacity of 2208MW as of January, and 40% of this was in Gujarat and 28% in Rajasthan. Importantly, 860MW of the installed capacity in Gujarat is part of the state scheme, under which the developer has to sign a power-purchase agreement with the state electricity board. 

SWELECT ENERGY

UJAAS ENERGY

WEBSOL ENERGY



Ten stocks that are likely to be most vulnerable if the monsoon fails 

Jain Irrigation:BSE -0.97 %

Rallis India :BSE 0.87 %

KAVERI SEEDS:

M&M FINANCIAL SERVICES:

HINDUSTAN UNILEVER: BSE -0.40 %

ESCORTS:

KIRLOSKAR BROTHERS:

RASHTRIYA CHEMICALS & FERTILISERS:

HERO MOTOCORPBSE :BSE 0.98 %

BALRAMPUR CHINIBSE BSE-0.62 %:

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 25 june 2014

Ten stocks in focus in Wednesday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Wednesday tracking muted trend seen in other Asian markets and SGX Nifty. 

It was an inclusive rally in Nifty on Tuesday where all the major sectors participated which made sure that Nifty holds up all the levels the index crossed during day. 

Here is a list of stocks which are likely to be in focus today: 

Tata Steel Ltd:

Parsvnath Developers Ltd:

TTK Prestige Ltd:

DLF Ltd:

Reliance Infrastructure Ltd:

EIL:


Dividend payouts hit a five-year high in FY 2014 

Investors who parked money in consistently dividend yielding stocks had a bumper year in FY14. Dividend yield, the payout as a proportion of net profit, rose to a five-year high last year. It swelled to 30.8% from 28.2% a year ago and 23.2% five years ago. To be sure, an economic revival could see this dropping as companies step up investments in businesses. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 24 june 2014

Buy Hero MotoCorp Ltd with a target of Rs 2,630 

Hero MotoCorp LtdBSE 1.00 % is a 'BUY' call with a target of Rs 2,630 and a stop loss of Rs 2,560. 

Buy JK Tyres Ltd with a target of Rs 321 

JK Tyres Ltd is a 'BUY' call with a target of Rs 321 and a stop loss of Rs 306. 

stocks in focus in Tuesday morning trade

NEW DELHI: Indian markets are expected to trade in a range on Tuesday tracking positive trend seen in other Asian markets and SGX Nifty. 


Here is a list  stocks which are likely to be in focus today 

Bharti Airtel:

Havells India Ltd:

SAIL:

Power Grid Ltd:

Bajaj Hindustan Ltd:

United Bank of India: 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 23 june 2014

Pre-market: Nifty seen opening higher; may reclaim 7550 levels 

NEW DELHI: The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,550 in trade today. 

Despite strong opening, analysts do not rule out bouts of volatility throughout the session and the range of 7400-7600 will remain crucial for the index. 

At 07:30 a.m., Nifty India stock futures in Singapore were trading 19.50 points higher at 7,547 indicating flat-to-positive opening on the domestic market. 



stocks in focus in Monday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Monday tracking positive trend seen in other Asian markets and SGX Nifty. 

Here is a list of fifteen stocks which are likely to be in focus today: 


Bank of India

Railway stocks

ONGC

Jindal Steel & Power Ltd

L&T Ltd

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 20 june 2014

Pre-market: Nifty seen opening flat; may reclaim 7,550 levels 

NEW DELHI: The 50-share Nifty index is expected to open flat with positive bias on Friday following muted trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7550 in trade today. 

At 07:30 a.m., Nifty India stock futures in Singapore were trading 19 points higher at 7,571 indicating flat-to-positive opening on the domestic market. 

Nifty and Sensex ended the day with losses of 0.23 per cent and 0.18 per cent respectively. Nifty managed to respect the support level of 7485 for yet another session despite the intraday volatility. 

Ten stocks in focus in Friday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Friday tracking positive trend seen in other Asian markets and SGX Nifty. 

Here is a list of ten stocks which are likely to be in focus today: 

Hindustan Zinc Ltd:

Tata Motors Ltd:

Cairn India Ltd:

GMR Infrastructure Ltd:

Apollo Tyres Ltd:

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 19 june 2014

Pre-market: Nifty seen opening higher; may reclaim 7,600 levels 

NEW DELHI: The 50-share Nifty index is seen opening higher on Thursday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to reclaim its crucial psychological level of 7,600 in trade today. 

At 07:30 a.m., Nifty India stock futures in Singapore were trading 31.50 points higher at 7,590 indicating higher opening on the domestic market. 

Nifty ended the day with a loss of 73 points at 7558.20. The positive in the flip-flop movement of the past couple of session is that Nifty has still managed to hold the level of 7485 as a support. 

"However, if 7,485 is a breached we may see further decline till 7400 which is now an important support for the index on a positional basis," added the report. 

The Dow Jones industrial average rose 98.13 points or 0.58 per cent, to end at 16,906.62. The S&P 500 gained 14.99 points or 0.77 per cent, to 1,956.98, a record closing high. The Nasdaq Composite added 25.60 points or 0.59 per cent, to 4,362.84. 


Thirteen stocks in focus in Thursday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Thursday tracking positive trend seen in other Asian markets and SGX Nifty. 

ZEE Entertainment Ltd

NTPC Ltd

Tata Steel Ltd

Reliance Industries Ltd

Tata Motors Ltd

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 13 june 2014

Ten stocks in focus in Friday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Friday tracking muted trend seen in other Asian markets and SGX Nifty. 

stocks which are likely to be in focus today:

Edelweiss Financial Services:Idea Cellular Ltd:

SpiceJet Ltd:

Tata Motors Ltd:

Hero MotoCorp Ltd:

Idea Cellular Ltd:


Pre-market: Nifty seen opening flat; may face resistance around 7660 

NEW DELHI: The 50-share Nifty index is expected to open flat on Friday following muted trend seen in other Asian markets.

Tracking the momentum, Nifty is expected to retest its crucial psychological level of 7650, but if it moves higher, the index is likely to face resistance around 7660- 7680 levels 

At 07:30 a.m., Nifty India stock futures in Singapore were trading 5.5 points lower at 7,661 indicating a flat-to-negative opening on the domestic market. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 12 june 2014

BUY' or 'SELL' ideas from experts for Thursday, 12 June 2014 

Indian markets are expected to trade in a range on Thursday following muted trend seen in other Asian markets. 

Jai CorpBSE -2.84 % Ltd is a 'BUY' call with a target of Rs 125 and a stop loss of Rs 105 

KEC International LtdBSE -0.24 % is a 'BUY' call with a target of Rs 134 and a stop loss of Rs 120 

Havells India LtdBSE -1.12 % is a 'BUY' call with a target of Rs 1210 and a stop loss of Rs 1150 

PFC Ltd is a 'SELL' call with a target of Rs 303 and a stop loss of Rs 320 

JP Associates Ltd is a 'SELL' call with a target of Rs 72 and a stop loss of Rs 87 

IRB InfrastructureBSE -2.60 % Ltd is a 'SELL' call with a target of Rs 189 and a stop loss of Rs 206 

Bajaj AutoBSE -0.49 % Ltd is a 'BUY' call with a target of Rs 2250 and a stop loss of Rs 2149 

GlenmarkBSE 1.46 % Pharma Ltd is a 'BUY' call with a target of Rs 595 and a stop loss of Rs 561 



stocks in focus in Thursday morning trade 

stocks which are likely to be in focus today: 


Future Retail Ltd

Essar Group

Siemens

Ranbaxy Laboratories Ltd

Idea Cellular Ltd

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 11 june 2014

Buy India Glycols Ltd with a target of Rs 142: 

India Glycols LtdBSE 1.61 % is a 'BUY' call with a target of Rs 142 and a stop loss of Rs 125. 

Buy TBZ Ltd with a target of Rs 225 

TBZ Ltd is a 'BUY' call with a target of Rs 225 and a stop loss of Rs 207. 

Ten stocks in focus in Wednesday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Wednesday tracking positive trend seen in other Asian markets and SGX Nifty. 

After three days of successive rise, the domestic bourses were seen trading under pressure on Tuesday as traders remained cautious about report of poor monsoons this year. 

stocks which are likely to be in focus today: 


NTPC Ltd

AgroTech Foods Ltd

Coal India Ltd

L&T and L&T Finance Ltd 

State Bank of India

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 10 june 2014

Ten stocks in focus in Tuesday morning trade 

NEW DELHI: Indian markets are expected to trade in a range on Tuesday tracking positive trend seen in other Asian markets and SGX Nifty. 

stocks which are likely to be in focus today: 

Maruti SuzukiBSE 1.19 % Ltd: 

IOC & Gail IndiaBSE -0.96 % Ltd: 

JSW Steel Ltd: 

Eros International Media Ltd:

Idea Cellular Ltd:


Buy RCF with a target of Rs 68 

ET Now: What is your call on RCF? 

RCF is a 'BUY' call with a target of Rs 68 and a stop loss of Rs 56. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 9 june 2014

Pre-market: Nifty seen opening higher; may hit 7600 levels 

NEW DELHI: The 50-share Nifty index is expected to open higher on Monday following positive trend seen in other Asian markets. Tracking the momentum, the index is expected to surpass its earlier record high of 7,592 recorded last week on Friday. 

At 07:30 a.m., Nifty India stock futures in Singapore were trading 34.50 points higher at 7,630 indicating a positive opening on the domestic market. 

Buoyant cues from both domestic and global front alongside with continuous buying helped benchmarks to gain nearly 5 per cent last week. Considering the prevailing sentiments, most analysts believe that markets will continue to march further northward in the coming week. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 6 june 2014

Buy Aarti Industries with a target of Rs 192: 


Aarti Industries Ltd is a 'BUY' call with with a target of Rs 192 and a stop loss of Rs 170. 

'BUY' or 'SELL' ideas from experts for Friday, 06 June 2014 

Aarti Industries Ltd is a 'BUY' call with a target of Rs 192 and a stop loss of Rs 170 

Apollo Tyres Ltd is a 'BUY' call with a target of Rs 197 and a stop loss of Rs 182 

Automotive Axles Ltd is a 'BUY' call with a target of Rs 535 and a stop loss of Rs 510 

Bharat Electronics Ltd is a 'BUY' call with a target of Rs 1825 and a stop loss of Rs 1760 

BEML Ltd is a 'BUY' call with a target of Rs 715 and a stop loss of Rs 680 

Brigade Enterprises Ltd is a 'BUY' call with a target of Rs 124 and a stop loss of Rs 110 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips - 5 june 2014

Ten stocks in focus in Thursday morning trade

Here is a list of ten stocks which are likely to be in focus today: 

Trent Ltd: Tesco Plc became the first foreign supermarket chain to invest in India as the British retailer announced that its joint venture with Tata Group's Trent LtdBSE 1.59 % was fully in place. 

JSW Steel Ltd: JSW SteelBSE 0.72 % Ltd will import 500,000 tonnes of iron ore by end-June or July, a top official told Reuters on Wednesday, its biggest monthly shipment as international ore prices fall and domestic supply remains suppressed. 

IGL Ltd: The government may not implement the delayed increase in price of natural gas with retrospective effect as it would be difficult to back charge higher bills from power and CNG consumers, an official said. 

IDFC Ltd: Infrastructure finance company IDFC is considering issuance of fresh shares to trim foreign holding ahead of its planned foray into universal banking. 


NEW DELHI: Indian markets are expected to trade in a range on Thursday following muted trend seen in other Asian markets 

Bharat ForgeBSE -0.08 % Ltd is a 'BUY' call with a target of Rs 575 and a stop loss of Rs 540 

Whirlpool of IndiaBSE 1.76 % Ltd is a 'BUY' call with a target of Rs 332 and a stop loss of Rs 309 

Adani EnterprisesBSE 0.85 % Ltd is a 'BUY' call with a target of Rs 530 and a stop loss of Rs 484 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -4 june 2014

stocks in focus in Wednesday morning trade 

stocks which are likely to be in focus today: 

ONGC: State-owned Oil and Natural GasBSE -0.91 % Corp ( ONGCBSE -0.91 %) has paid a whopping Rs 272,721 crore in fuel subsidy over the past 11 years, denting its profitability. 

RIL Ltd: Reliance Jio Infocomm signed a tower sharing deal with Ascend Telecom Infrastructure, which will help the telecom unit of Reliance IndustriesBSE 0.12 % roll out its much-awaited high speed data and voice services faster and at a lower cost across India. 


Coal India Ltd: Coal IndiaBSE -1.40 % plans to form a panel of consultants which would help the PSU in acquiring, developing and operating coal mines overseas. The coal major is eyeing assets abroad to meet the domestic demand. 


JK Lakshmi Cement: The Cement major said its Rs 1,500 crore manufacturing facility at Durg in Chhattisgarh will start production by the October-December quarter taking the overall capacity to around 10 million tonnes per annum. 


'BUY' or 'SELL' ideas from experts for Wednesday, 04 June 

NEW DELHI: Indian markets are expected to trade in a range on Wednesday tracking muted trend seen in other Asian markets. 

JK Laksmi Ltd is a 'BUY' call with a target of Rs 210 and a stop loss of Rs 193 

Monnet IspatBSE 3.61 % & Energy Ltd is a 'BUY' call with a target of Rs 153 and a stop loss of Rs 137 

Advanta LtdBSE 2.65 % is a 'BUY' call with a target of Rs 305 and a stop loss of Rs 270 


Hero MotoCorpBSE -0.37 % Ltd is a 'BUY' call with a target of Rs 2525 and a stop loss of Rs 2435 

BHELBSE 1.65 % is a 'BUY' call with a target of Rs 275 and a stop loss of Rs 250 

Cairn India LtdBSE 0.58 % is a 'BUY' call with a target of Rs 370 and a stop loss of Rs 347 

Indiabulls Real EstateBSE 0.00 % Ltd is a 'BUY' call with a target of Rs 105 and a stop loss of Rs 93.50 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -3 june 2014

Stocks to watch: Bharti Airtel, Zee Entertainment, Jet Airways, BPCL, GAIL 

MUMBAI: The Indian markets are likely to extend overnight gains and open higher on the back of positive cues from global peers. 

Following stocks will be in action in trade today: 


Bharti Airtel: The company is likely to conclude a much-anticipated deal to sell its towers in Africa in seven days, which could help the world's fourth-largest telecom operator rake in as much as $3 billion and help reduce debt. 

The Sunil Mittal-headed company has already shortlisted buyers from among four tower companies — Helios Towers Africa, IHS, American Tower Corp and Eaton Towers — for the sale, say reports. 

Zee Entertainment: Foreign Institutional Investors can now invest up to 100 per cent of the paid up capital in Zee Entertainment EnterprisesBSE 3.67 % from 49 per cent. 

"FIIs can now invest up to 100 per cent (revised from earlier limit 49 per cent) of the paid up capital of Zee Entertainment Enterprises under the portfolio investment scheme," the RBI notification said. 


Jet AirwaysBSE 0.74 %, SpiceJet: Price of jet fuel or ATF has cut by 1.8 per cent, third consecutive monthly price reduction since April, following rupee appreciation and reduction in international oil prices. 

BPCLBSE 1.76 %, HPCL, IOC: The oil marketing companies have cut non-subsidised LPG price by Rs 24/ cylinder. This is the 5th consecutive price reduction since February. 


Jaypee Power Ventures, Lanco InfratechBSE 3.65 %, GMR Infra, SesaBSE 1.39 % Sterlite: Local power producers, including Jaypee Power Ventures, Lanco Infratech, GMR InfrastructureBSE 0.88 % and iron ore miner Sesa Sterlite have offered to sell some of their power plants to India's largest power producer NTPCBSE 1.19 % as lenders put pressure on them to divest assets to slash debt. 

GAIL: PNGRB has cut tariff for company's two South India gas pipelines. Kochi-Mangalore pipeline tariff was cut by 51.67 per cent to Rs 28.99/mBtu and Dabhol-Bangalore pipeline tariff was cut by 39.24 per cent to Rs 44.65/mBtu. 

May Auto Sales: Tata Motors total sales fell 24 per cent to 37,525 units, Year-on-Year. 

Ashok LeylandBSE -0.76 % sales slipped to 6,632 units, down 8.7 per cent, from 7,267 units, Year-on-Year. 

'BUY' or 'SELL' Ideas ,Stock Market tips,Equity Tips,Commodity Tips -2 june 2014

Nifty likely to open flat; rate sensitives will be in focus 

MUMBAI: The Nifty is likely to open on a flat note in absence of supportive cues from Asian peers. The trade is likely to turn choppy as the session progresses and rate sensitives will be in action ahead of RBI policy for direction. 

According to ET poll, RBI Governor Raghuram Rajan is expected to keep rates unchanged when he announces monetary policy on Tuesday. The outlook will be more dependent on what Finance Minister Arun Jiatley plans to do and the vagaries of the weather. 
The Finance Ministry has pitched for keeping up the pressure on fiscal consolidation even as some leading economists have urged the government to adopt a longer time frame to improve its finances as a way of giving a push to the struggling economy that has slumped to decadal lows. 


Meanwhile, India's GDP for the fourth quarter of the financial year 2013-2014 grew at 4.6 per cent versus an ET Now Poll estimate of 4.7 per cent. The GDP for the entire FY14 grew at 4.7 per cent. This marks a second straight year of sub-5 percent growth - the worst slowdown in more than a quarter of a century.