News Capsule (22 Jul 10)

  • Deepak Fertilisers & Petrochemical Corp’s new technical ammonium nitrate plant would annually generate about Rs 450 in revenue, its managing director said on Thursday.
  • Direct-to-home opeartor Dish TV said on Thursday it posted a net loss of Rs631.8 million on net sales of Rs3.04 billion for the quarter ended June 30.
  • One can buy TVS Motors but if one want to buy these stocks, every time they go through a consolidation period, says Technical Analyst, Sudarshan Sukhani.
  • Buy Cosmo Films, says Ashish Chugh, Investment Analyst and Author of Hidden Gems.
  • The charts are suggesting that Tata Steel is going to see a bigger rally than what it has seen. Hold on to Tata Steel, says Technical Analyst, Sudarshan Sukhani.
  • ITC looks like its making a major intermediate top. So traders should get out of the stock as soon as one can, says Technical Analyst, Sudarshan Sukhani.
  • Government today sanctioned funds for the second phase of the ambitious scheme to allocate unique identity numbers to 10 crore of the country’s population.
  • Marks and Spencer Reliance India, a joint venture between Mukesh Ambani-run Reliance and UK-retailer Marks and Spencer Plc intends to open 15 new stores, mainly in metros, in two-years time, a top company official has said today.
  • Unichem Laboratories board has approved 5for2 stock split
  • BL Kashyap Sons has bagged order worth Rs 815.6 crore
  • Arihant Capital Market has advised traders to buy HDIL for target of Rs 295-315.
  • Unlisted private-sector Indian lender Infrastructure Leasing & Financial Services Ltd (IL&FS) is selling 8 per cent stake to existing and new investors to raise around $400 million, a newspaper reported on Thursday.
  • Bharti Enterprises and US-based Wal-Mart Stores entered into a joint venture in August 2007 and started cash-and-carry stores named ‘BestPrice Modern Wholesale’ last year.
  • Add Larsen and Toubro (LT) in portfolio, says Siddharth Sthalekar of Edelweiss Securities.
  • Exit sugar stocks, says Siddharth Sthalekar of Edelweiss Securities.
  • Food inflation eases to 12.47 per cent for the week ended July 10 from 12.81 per cent in the previous week.
  • Steel Strips Wheels has bagged repeat order from European Company for 7,000 wheels
  • Add Larsen and Toubro (LT) in portfolio, says Siddharth Sthalekar of Edelweiss Securities.
  • Bajaj Auto board has approved 1:1 bonus issue
  • Foreign Funds has acquired 15% stake in Rei Agro. The company has raised Rs 1245 crore via rights issue
  • Indiabulls Power has bagged 25year PPA for power from Amravati Phase 1 unit
  • SKIL Infrastructure has made a 20% open offer for Everonn at Rs 536.16 per share
  • JRG Securities Limited has announced that its investment portal http://www.inditrade.com had tied up with http://www.taxsmile.com to provide income-tax filing services to its customers.
  • Dabur India is in advanced talks to buy Turkish personal care products maker Hobi Kozmetik, a newspaper daily reported on Thursday.
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