News Capsule (26 Aug 10)

Sesa Goa today surged  on the Bombay Stock Exchange, a day after the company’s shareholder filed a petition in the Supreme Court to prevent the company from buying a 20 per cent stake in Cairn India.

Buy Idea Cellular at Rs 66-67, says Hemant Thukral, Asian Markets Securities.

On August 25, 2010 Swagat Trexim Private Limited sold 300,000 shares of MSP Steel Power at Rs 48.55 on the NSE. It was closed at Rs 47.60.

The rupee today appreciated by 14 paise to 46.76 a dollar in early trade on fresh capital inflows by foreign funds into equities.

Opto Circuits can test Rs 290, says Anu Jain, IIFL Private Wealth Mgmt, India Infoline.

HCL Technologies can test Rs 420, says Anu Jain, IIFL Private Wealth Mgmt, India Infoline.

There was a block deal of 1 crore Piramal Health shares on BSE at Rs 504.05 per share

Cipla has got nod to acquire Meditab for Rs 133 crore

Asian stocks rose on Thursday as investors hunted for bargains among recently beaten-down shares, while the yen pulled further away from 15-year highs as investors wondered whether Japanese officials would take fresh steps to curb the currency’s strength and spur economic growth.

Natco Pharma has target of Rs 238.50, says Aashish Tater, Fort Share Broking.

Reliance Industries (RIL) today said it has secured its recently issued non-convertible bonds of Rs 10 lakh each with the Registrar of Companies (RoC).

Marico’s beauty and wellness arm, Kaya, that incurred losses of Rs 5.3 crore last fiscal from its domestic business, expects to break-even in the current financial year, a top company official said today.

The foreign institutional investors (FIIs) were net buyers of Rs 1376.14 crore in futures and options segments on Wednesday.

KPR Mill has target of Rs 208, says Aashish Tater, Fort Share Broking.

Electrotherm has target of Rs 322, says Aashish Tater, Fort Share Broking.

Marico has target of Rs 131, says Aashish Tater, Fort Share Broking.

Mahindra Mahindra plans to launch its first motorcycle before the end of fiscal year 2011, its President Pawan Goenka said on Wednesday.

Advertisements
Post a comment or leave a trackback: Trackback URL.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: