News Capsule (03 Sep 10)

IIFL is bullish on Voltas and has recommended buy rating on the stock with a target of Rs 220 in its September 3, 2010 research report.

IIFL is bullish on Godrej Industries and has recommended buy rating on the stock with a target of Rs 220 in its September 3, 2010 research report.

Bharti Airtel, India’s top mobile operator, has appointed its founder-chairman’s son as a manager at a unit that holds its African assets, the company said in a statement.

Tata Consultancy Services has become the second-largest insurance business process outsourcing provider in the UK, after winning two deals worth 250 million pound (around Rs1,800 crore).

On September 2, 2010 Bmk Laboratories Private Limited bought 12,000,000 shares of Piramal Health at Rs 510 on the BSE and Phl Holdings Private Limited sold 12,000,000 shares at Rs 510. Yesterday the share closed at Rs 505.80.

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

KRChoksey is bullish on Solar Industries India and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.

Maintaining their bullish stance for the third month in a row, global fund houses made a net investment of Rs 11,685 crore ($2.5 billion) in Indian equities in August.

Textiles firm Alok Industries expects to double its revenue to $3 billion over the next three years, Managing Director Dilip Jiwrajka told reporters on sidelines of a conference on Friday.

Leading toy manufacturer Funskool, a part of the MRF group, is upbeat on the Indian toy story and plans a slew of launches over the next two-months, a top company official said.

Oil prices lingered near $75 a barrel on Friday in Asia, largely holding onto a big gain the day before as investors put a positive spin on US data.

Karur KCP Packaging at its meeting held on September 02, 2010 has declared dividend at 10% i.e at Rs 1 per share of face value of Rs 10 each.

Indian retailer Trent, controlled by the diversified Tata Group, said on Friday that Reliance Capital Asset Management, part of the Anil Dhirubhai Ambani group, had acquired 8.68 per cent in the company.

Go long in BHEL, says Shailesh Kadam, PINC.

Suzlon Energy has bagged order of 30 MW from Altrade Group.

Television Eighteen (TV 18) has target closer to Rs 103, says Shailesh Kadam, PINC.

Murli Industries at its meeting held on September 02, 2010 has declared dividend at 20% of face value Rs 20 per share.

There is no reason to get apprehensive about the future just yet, believes Anand Tandon, director (equities) at Brics Securities. Talking to CNBCTV18, he said the markets will not correct to the extent of 2008 levels. In fact, markets should move up a little if global cues exhibit stability.

Buy SKS Microfinance, says Technical Analyst, Ashwani Gujral.

Exide Industries has target of Rs 171, says Technical Analyst, Ashwani Gujral.

Buy Texmaco, says Technical Analyst, Ashwani Gujral.

Future Supply Chain Solutions, the logistics arms of Future Group, is now establishing its own FMCG distribution network for modern trade.

Apollo Hospitals Enterprise Ltd plans to invest Rs 1800 crore to set up 11 hospitals in the country over the next two years

Textiles firm Nakoda Ltd said on Thursday it plans to invest Rs 32.92 crore to set up a wind power project in Madhya Pradesh.

NTPC’s new chairman and managing director Arup Roy Choudhury who has taken over yesterday has revised capacity targets

GVK Power and Infra plans to raise funds for its airports business by December via stake sale to private equity firms, a top official told Reuters on Thursday.

The auto component industry is well set to serve international demand. “Not only are OEMs growing, even our other OEMs from outside are going in for more and more indigenization,” said M Radhakrishnan, joint managing director of Autoline Industries.

IRB Infrastructure Developers Ltd said on Thursday its unit has entered into a pact with Indian Hotels Co Ltd to construct and operate a Gateway Hotel for the latter at Kolhapur in Maharashtra.

Ucal Fuel Systems at its meeting held on August 31, 2010 has declared dividend at 10% i:e Rs 1 per share of Rs 10 each.

The Foreign Institutional Investors (FIIs) were net buyers of Rs 2,065.06 crore in futures and options segments on Thursday.

Buy Dhampur Sugar Mills, says Technical Analyst, Ashwani Gujral.

The Nasdaq Composite was up 23 points at 2200 and SP 500 was up 10 points at 1090. Alert: US markets rallied 4% in 1st two days of set; fell 4.3% in August.

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