News Capsule (02 Sep 10)

Reliance Industries  has bought an additional 0.68% in EIH Ltd, raising its holding to 14.8% in the hotel chain.

Book profits in Dish TV, says Phani Sekhar of Angel Broking.

Guj NRE Coke can touch Rs 65, says Technical Analyst, Ashwani Gujral.

Hold ICICI Bank, says Phani Sekhar of Angel Broking.

Hold Tata Steel, says Phani Sekhar of Angel Broking.

Suzlon remains weak, says Technical Analyst, Ashwani Gujral.

Invest in cement space for long term, says Phani Sekhar of Angel Broking.

Buy Hindalco on every correction, says Technical Analyst, Sudarshan Sukhani.

Welspun Corp has bagged order worth Rs 700 crore from domestic and international market.

Exit largecap IT space, says Phani Sekhar of Angel Broking.

Tata Power today announced that the consortium comprising of Tata Power (47.50 per cent), Origin Energy Limited (47.50 per cent) and PT Supraco Indonesia (5 per cent) were declared as the successful bidder for the Sorik Marapi geothermal project in Northern Sumatra, Indonesia.

On September 01, 2010 A C P Industries Limited sold 320,000 shares of Trinethra Infra at Rs 44.01 on the BSE. Yesterday it closed at Rs 44.75.

Banks will continue to outperform, says Nitin Rakesh, CEO of Motilal Oswal AMC.

Nitin Rakesh, CEO of Motilal Oswal AMC is overweight on auto space.

ShivVani Oil Gas Exploration at its meeting held on September 01, 2010 has declared dividend at 10% i.e Re 1 per share.

Ankur Drugs And Pharma at its meeting held on September 01, 2010 has declared dividend at Rs 2.25 per share i:e 22.5% of Rs 10 each.

State-run Steel Authority of India has shortlisted JP Morgan, Deutsche Bank and four others to manage a follow-on share offering that could raise up to $1.7 billion, four sources with direct knowledge of the situation said on Thursday.

The Indian rupee appreciated by 1 paise to Rs 46.79 a dollar in early trade today, on the back of fresh capital inflows by foreign funds.

The apparel exports target of $12 billion for the current fiscal may not be met as garment exports have been declining for the last three months in a row and may continue to follow the trend, the Apparel Export Promotion Council (AEPC) today said.

The country’s third-largest software firm Wipro today announced the appointment Rishad Premji as the Chief Strategy Officer of its IT business.

GERC forced Adani to supply power at Rs 2.35/unit for 25 years, reports DNA.

Unity Infraprojects has bagged orders worth Rs 103.3 crore, reports CNBCTV18.

Aegis Logistics has approved fund raising of Rs 100 crore via equity instruments

Above Rs 960, Reliance Industries can touch Rs 1025-1050, says Mitesh Thacker, Technical Analyst

Above Rs 960, Reliance Industries can touch Rs 10251050, says Mitesh Thacker, Technical Analyst

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