News Capsule (20 Aug 10)

Ballarpur Industries has target of Rs 50, says Technical Analyst, Sudarshan Sukhani.

IIFL is bullish on Prism Cement and has recommended buy rating on the stock with a target of Rs 60.50, in its August 20, 2010 research report.

Ranbaxy Laboratories touched an intraday high of Rs 491 and an intraday low of Rs 474.50. At 11:12 hrs the share was quoting at Rs 490.55, up Rs 15, or 3.15%.

IIFL is bullish on JBF Industries and has recommended buy rating on the stock with a target of Rs 161, in its August 20, 2010.

Buy 120 call of Jaiprakash Associates, says VK Sharma, HDFC Securities.

Abhijeet Chakraborty of Fortune Finance is bullish on Grasim Industries.

Buy Wockhardt on dips, says Technical Analyst, Sudarshan Sukhani.

Time Technoplast has acquired plastic division of Solutia Inc

On August 19, 2010 Karvy Financial Services Limited sold 497,800 shares of Ramsarup Industries at Rs 76.94 on the BSE. Yesterday the share closed at Rs 78.70.

Lavasa, modern India’s first planned hill city, being built in Maharshtra’s Pune district, has come under the scanner of the federal ministry of environment and forests, the Hindustan Times newspaper reported on Friday.

Paper-maker Ballarpur Industries (BILT) today said it will fully acquire Bangalore-based Premier Tissues India for a consideration of Rs 76.52 crore, a deal that will make it the largest player in the domestic tissue paper market.

Soros buys 4% in BSE, values bourse at $800 mnBillionaire investor George Soros has bought close to 4% equity stake in the Bombay Stock Exchange through his hedge fund Quantum.

SEBI rejects RIL’s plea to settle insider chargesThe regulator is probing the sale of stock futures of Reliance Petroleum in Nov 2007, a few days before RIL started trimming its stake in its refining arm.

Mobile phone handset maker Micromax Ltd has shortlisted Citigroup, Edelweiss and JM Financial for an initial public offering to raise as much as USD 150 million, two sources with direct knowledge said on Thursday.

Sell Shoppers Stop, says Technical Analyst, Sudarshan Sukhani.

Buy Cipla, says Technical Analyst, Sudarshan Sukhani.

Short Bharti Airtel, says Technical Analyst, Sudarshan Sukhani.

Sell Adani Enterprises, says Technical Analyst, Sudarshan Sukhani.Stock Futures added 1.1 crore shares in Open Interest (OI). Nifty Open Interest PCR jumped at 1.61 versus 1.57.

The government has lifted restrictions on staterun telecom Bharat Sanchar Nigam (BSNL) buying telecoms gear from Chinese vendors, having addressed security concerns, junior telecoms minister Sachin Pilot said on Thursday.

The Motor General Finance at its meeting held on August 19, 2010 has declared dividend at Rs 2 per equity share i.e. 20%.

Lincoln Pharma at its meeting held on August 19, 2010 has declared dividend at Rs 1.20 per share of face value of Rs 10 each i:e 12%.

Ballarpur Industries at its meeting held on August 19, 2010 has declared dividend of 25% on the shares i.e. Rs 0.50 per shares of Rs 2 each.

Cairn India has its 4th Annual General Meeting (AGM) on September 15, 2010.

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