News Capsule (21 Sep 10)

Pidilite Industries can go upto Rs 180-190, says Technical Analyst, Vijay Bhambwani.

On September 20, 2010 Alchemist Holdings Limited bought 1,277,526 shares of Parabolic Drugs at Rs 63.75 on the NSE. Yesterday it closed at Rs 64.

The joint managing director of Venkys India, B Venkatesh Rao, told CNBCTV18, they have plans to go global. “In the next four days we are launching in Dhaka, Bangladesh. It is all about poultry with a huge investment of Rs 100 crore,” he said.

Stick with the largercaps in the capital good space. Rs 2,250 is a good place for LT to go to, says Ashwani Gujral, Technical Analyst.

Drug maker Wockhardt today said its shareholders have given their nod to re-appoint H F Khorakiwala as chairman of the company for a period of five years.

Stock broking firm Angel Broking today launched mobile trading platform namely ‘Angel SWIFT’ to enable its clients trade in equities and commodities.

Central Bank of India is planning to raise Rs 2700 crore via rights issue by the end of this year

On September 20, 2010 Wisdomtree Trust A/c Wisdom Tree India Investment Portfolio bought 3,726,449 shares of IFCI at Rs 61.86. Yesterday it closed at Rs 62 on the NSE.

Buy Bilcare, says Devang Mehta, Head Equity Sales Retail, Anand Rathi Financial Services.

Navin Fluorine International has board meeting on September 24 to consider buy back

Kavveri Telecom Products has bagged order worth Rs 300 million from Telecom Operators of the country for the supply of Rf products and antennas.

SBI has target of Rs 355, says Ashwani Gujral, Technical Analyst.

Omaxe arm has got Rs 203 crore order

British private equity firm 3i Group has sold off its investment in steel pipemaker Welspun Corp due to limited growth opportunities in the pipeline industry, a business daily reported on Tuesday.

Krishna Ventures at its meeting held on September 18, 2010 has approved right issue in the ratio of 15:1.

Spice Mobility has target of Rs 100, says SP Tulsian

HOV services can test Rs 200, says SP Tulsian

Electrotherm (India) has target of Rs 352, says Aashish Tater, Fort Share Broking.

Suven Life Sciences said on Tuesday it has won US patents for its two new chemical entities (NCEs), pushing its shares up more than 11 per cent.

Media firm New Delhi Television (NDTV) today said Malaysia-based Astro All Asia Networks will acquire 49 per cent stake for $40 million (about Rs 182 crore) in its lifestyle subsidiary NDTV Lifestyle.

Dunlop India has target of Rs 85, says SP Tulsian

Buy Everonn Education says Technical Analyst, Ashwani Gujral.

Brigade Enterprises has target of Rs 165, says Technical Analyst, Ashwani Gujral.

Buy Sakthi Sugars, says Technical Analyst, Ashwani Gujral.

Electrotherm (India) has target of Rs 352, says Aashish Tater, Fort Share Broking.

Mahindra Satyam is going to declare audited results on September 29

Bharat Heavy Electricals (BHEL) has bagged order worth Rs 2,665 crore

According to Sources, IVRCL Assets and Holdings is going to raise upto Rs 600 crore via institutional stake sale, quoting DowJones

Navin Fluorine International has board meeting on September 24 to consider buy back

EIH has board meeting on September 23 to consider rights issue

Delta Corp has acquired 50.99% of Advani Pleasure Cruise from Advani Hotel

Delta Corp surged 9.9 per cent after it said it plans to raise as much as Rs 285 crore by preferential allotment of shares and warrants.

The rupee gained 15 paise to touch a four-week high of 45.55 against the dollar in early trade today on sustained capital inflows from foreign funds.

Bharti Airtel, India’s top mobile phone operator, said on Monday it had selected Ericsson, Nokia Siemens Networks and Huawei Technologies as its network equipment partners for thirdgeneration (3G) mobile services.

State-run Coal India has received a go-ahead from the Securities and Exchange Board of India (Sebi) for its up to $3 billion initial public offering, expected to be the biggest share sale ever by an Indian firm, three sources with direct knowledge of the matter told Reuters on Monday.

Suzlon Energy has won a 202.2-megawatt wind power project order worth Rs 1,150 crore ($253 million) from Techno Electric Group, the wind turbine maker said in a statement on Tuesday.

The Foreign Institutional Investors (FIIs) were net buyers of Rs 962.26 crore in futures and options segments on Monday.

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