News Capsule (16 Aug 10)

Textiles and apparels maker Raymond Ltd said on Monday HDFC Trustee Co Ltd acquired 2.44 percent in the company on Aug. 13 via an open market purchase

Vivimed Labs has declared divided of Rs 1.50 i:e 15% per share on 99,64,904 equity share of nominal value Rs 10 each.

HCL Infosystems has its Board of Directors meeting on August 27, 2010 to consider and approve the audited annual accounts for final dividend.

Ras Resorts Apart Hotels at its meeting held on August 13, 2010 has declared dividend at 10%.

Hind Industries at its meeting held on August 14, 2010 has declared dividend at 5% i.e Re 0.50 per share for the financial year 200910.

ITL Industries has its Board of Directors meeting on August 25, 2010 to consider and approve the audited annual accounts for final dividend.

Ellora Paper has its Board of Directors meeting on August 18, 2010 to consider and approve the sale of rice unit of the company.

Having a broader horizon and if there is lot of fundamental comfort, add Reliance Communication on decline. Rs 135–Rs 140 is an excellent price to add on declines, says Mitesh Thacker, Technical Analyst, miteshthacker.com.

CRISIL has assigned a grade of 3/5 to the proposed IPO of Raheja Universal (RUL), in its report dated August 16, 2010.

Prabhudas Lilladher is bullish on Adhunik Metaliks and has recommended buy rating on the stock with a target of Rs 147, in its August 13, 2010 research report.

Technical Analyst, Ashwani Gujral is of the view that Reliance Communications may fall to Rs 145-150.

Technical Analyst, Ashwani Gujral is of the view that Raymond could go upto Rs 420-425.

Technical Analyst, Ashwani Gujral is of the view that Bajaj Hindusthan can touch Rs 132.

Infrastructure company Lanco Infratech on Monday said it has firmed up investment plans of Rs 24,000 crore (Rs 240 billion) for becoming a 9,300 MW company in the next four years from the current power generation capacity of 2,082 MW.

PINC Research has recommended hold rating on Cipla, in its August 13, 2010 research report.

Anand Rathi Securities is bullish on Unitech and has recommended buy rating on the stock with a target of Rs 105, in its August 16, 2010 research report.

Crompton Greaves has signed pact with Saudi Arabia’s EIC Group for EPC Projects

Apollo Hospitals Enterprises is in JV with USbased StemCyte for Stem Cell Research, reports CNBCTV18.

Motilal Oswal has maintained neutral rating on Ranbaxy Laboratories, in its August 12, 2010 research report.

Remain invested in Cairn, says Investment Advisor, SP Tulsian.

Sesa Goa has approved the acquisition of a 20% stake in Cairn India for a total cash consideration of appx USD 3 billion.

Angel Broking is bullish on Dishman Pharmaceutical and has recommended buy rating on the stock with a target of Rs 279, in its August 13, 2010 research report.

Motilal Oswal is bullish on Reliance Communications and has recommended buy rating on the stock with a target of Rs 200, in its August 13, 2010 research report.

Angel Broking is bullish on Patel Engineering and has recommended buy rating on the stock with a target of Rs 565, in its August 13, Research report.

Prabhudas Lilladher is bullish on Tata Steel and has recommended buy rating on the stock with a target of Rs 630, in its August 13, 2010 research report.

The government on Monday raised the price of ethanol for blending with fuel at Rs 27 per litre from existing Rs 21.50 per litre.

Aditya Birla Money is bullish on Godawari Power Ispat and has recommended buy rating on the stock with a target of Rs 339, in its research report.

IIFL is bullish on DLF and has recommended buy rating on the stock with a target of Rs 340, in its August 16, 2010 research report.

IIFL is bullish on Karnataka Bank and has recommended buy rating on the stock with a target of Rs 186, in its August 16, 2010 research report.

NIIT Technologies has appointed Ms. Pratibha Advani as a the Chief Financial Officer (CFO) of the Company with effect from August 16, 2010.

India’s wholesale price inflation would ease further after the June-September monsoon rains, Finance Minister Pranab Mukherjee said on Monday.

Cairn Energy will end up selling only 40 per cent, if a planned open offer by Vedanta for 20 per cent of Cairn India is fully taken up, Cairn Energy Chairman Bill Gammell said on Monday.

On August 13, 2010  Merrill Lynch Capital Markets Espana Sa Sv bought 1,353,460 shares of Bank Of Rajasthan at Rs 201.89 on the NSE. On Friday the stock closed at Rs 201.05.

On August 13, 2010 HDFC Mutual Fund A/c Hdfc Equity Fund bought 997,596 shares of Raymond at Rs 364.28 on the NSE. On Friday the stock closed at Rs 374.70.

Gammon at its meeting held on August 14, 2010 has declared dividend at 30% i:e Rs 0.60 paise/share of face value of Rs 2 each for the year 200910.

Suave Hotels at its meeting held on August 14, 2010 has declared dividend at 5% i.e. Re 0.50/share for the financial year ended March 31, 2010.

Lokesh Machines at its meeting held on August 14, 2010 has declared dividend of Re 1/share i:e 10% on an equity share par value of Rs 10 per share.

Surya Pharma at its meeting held on August 14, 2010 has declared dividend at 15% i:e Rs 1.50/shares of Rs 10 each for the financial year 2009-10.

SKIL Infrastructure, the holding company of Pipavav Shipyard is looking to up its stake in the latter by 3.5%, says Bhavesh Gandhi, Executive ViceChairman of Pipavav Shipyard.

State Bank of India, the country’s largest lender, today declined over 1 per cent on the Bombay Stock Exchange in early trade due to profit booking after a recent rally in stocks on impressive quarterly results.

State Bank of India (SBI) has up BPLR by 50 bps to 12.25% effective from August 17

Sadbhav Engineering JV has bagged order worth Rs 230 crore

On August 13, 2010 Ajmera Shares Trading Private Limited has bought 138,113 shares of Hanung Toys at Rs 255.87 on the BSE. On Friday it closed at Rs 256.70.

Yes Bank has raised 6.65 billion rupees via bonds, two sources with knowledge of the matter said on Monday.

Wockhardt has increased authorized capital from Rs 925 crore to Rs 1125 crore

Buy IVRCL Infrastructure and Projects, says Shailesh Kadam of PINC.

Century Textiles has target of Rs 545, says Shailesh Kadam of PINC.

The rupee depreciated by 6 paise to trade at Rs 46.82 per dollar on the forex market, following increased dollar demand from importers.

Japan’s Nikkei average slipped 1.5 per cent on Monday after data showed Japan’s economy slowed sharply in April-June from the previous two quarters.

The foreign institutional investors (FIIs) were net buyers of Rs 1,215.23 crore in futures and options segments on Friday.

Indiabulls Real Estate can test Rs 210, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Buy Jet Airways on dips, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Shares of SKS Microfinance, engaged in providing microfinance services to individuals from poor segments of rural India, has seen good response on its debut on exchanges.

Shree Renuka Sugars can test Rs 71-73, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Century Textiles can go upto Rs 520, says Anu Jain, IIFL Private Wealth Management, India Infoline.

Keep Rs 815 stoploss in Kotak Mahindra Bank with short term view, says Anu Jain, IIFL Private Wealth Management, India Infoline.

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