News Capsule (24 Aug 10)

Domestic institutional investors (DIIs) were net sellers of Rs 689.54 crore (provisional) today, according to data released by BSE.

Rahul Mohindar of Viratechindia is of the view that one can buy Bharti Airtel for a target of Rs 345.

Rahul Mohindar of Viratechindia feels that Unitech may slip to Rs 78-80.

Hotel chain EIH Ltd plans to invest Rs 150 crore over the next two years on new projects, Vice Chairman S.S. Mukherji said on Tuesday.

Sushil Finance has recommended buy rating on Kirloskar Pneumatic with a target of Rs 679, in its August 23, 2010 research report.

Buy Jindal Photo Film from a stop from this rally, on a correction or consolidation. It is very difficult to enter now, says Technical Analyst, Sudarshan Sukhani.

Wockhardt has target of Rs 320, says Salil Sharma, Technical Analyst, Kapur Sharma Company.

Power utility Reliance Power is considering investing as much as USD 5 billion in Indonesia, a spokesman for Indonesia’s vice president said on Tuesday.

Mangalam Cement board has approved merger of Mangalam Timber with self

Bajaj Electricals can test Rs 320, says Kamlesh Kotak, Vice President Research of Asian Markets Securities.

On August 23, 2010 Jay Shree Tea Industries Ltd sold 820,500 shares of Mangalam Cement at Rs 165.40 and Kesoram Industries Ltd bought 820,500 shares at Rs 165.40 on the NSE.

Hold Cairn India, says Avinash Gorakshakar of Anagram Capital.

Buy ITC with a mediumterm horizon, says Avinash Gorakshakar of Anagram Capital.

DQ Entertainment said on Tuesday it has signed an agreement with footwear maker Off Road Ltd to manufacture a collection based on DQ Entertainment’s animation series ‘The Jungle Book’.

National Fertilizers will get Rs 3,850 crore from 13 banks for urea capacity expansion

The rupee today weakened by 11 paise to Rs 46.75 a dollar at the Interbank Foreign Exchange market in early trade due to increased dollar demand from importers.

Short LT at around Rs 1880, says Siddharth Bhamre, Angel Broking.

PTC India Financial Services has been given infrastructure financial company status by the RBI. Ashok Haldia, Director, Financial Services, PTC that the company is in talks with private equity investors for raising funds in PFS.

Birla Precision Technologies has its Board of Directors meeting on August 31, 2010 to consider and approve the audited annual accounts dividend.

Indo Bonito Multinational has its Board of Directors meeting on August 30, 2010 to consider and approve the audited annual accounts dividend.

Hindustan DorrOliver has target of Rs 156, says Rajesh Jain, Independent Mkt Strategist.

Gitanjali Gems has target of Rs 232, says Aashish Tater, Fort Share Broking

Shree Ram Urban Infrastructure has target of Rs 295, says Aashish Tater, Fort Share Broking.

Phillips Carbon Black has target of Rs 215, says Aashish Tater, Fort Share Broking.

SKP Securities is bullish on Intrasoft Technologies and has recommended buy rating on the stock with a target of Rs 106, in its August 23, 2010 research report.

Technical Analyst, Sudarshan Sukhani is of the view that one can buy HDFC, HDFC Bank on dip.

Anagram Securities is bullish on ILandFS Investment Managers and has recommended buy rating on the stock with a target of Rs 65, in its August 23, 2010 research report.

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