News Capsule (22 Sep 10)

Angel Broking is bullish on Denso India and has recommended buy rating on the stock with a target of Rs 136 in its September 21, 2010 research report.

Oswal Chemicals has proposed a Rs 7,000 crore plant in Andhra Pradesh, reports CNBCTV18’s Appaji Reddem quoting sources.

Networth Stock Broking is bullish on Sun Pharmaceutical Industries and has recommended accumulate rating on the stock with a target of Rs 2121 in its September 22, 2010 research report.

Nestle SA has launched a global research and development (RD) facility in India with an initial investment of 3040 million Swiss Francs

Religare MF declares dividend at Rs 2.70 per unit under Religare Mid Cap Fund.

LIC Mutual Fund, a lender to Vishal Retail, has sent the company a legal notice restraining the retailer from asset sales, the Business Standard reported.

Technical Analyst, Ashwani Gujral is of the view that one can buy Crew BOS with a target of Rs 200.

Firstcall Research is bullish on Jayant AgroOrganics and has recommended buy rating on the stock with a target of Rs 165 in its September 17, 2010 research report.

India’s diversified Century Textiles Industries Ltd has been battling margin pressure as prices of cotton, a key input, hit record high while buyers were resisting product price hikes, a senior company official told Reuters.

IIFL is bullish on 3i Infotech and has recommended buy rating on the stock with a target of Rs 69 in its September 22, 2010 research report.

IIFL is bullish on IVRCL Infrastructure and Projects (IVRCL Infra) and has recommended buy rating on the stock with a target of Rs 172 in its September 22, 2010 research report.

Prabhudas Lilladher is bullish on PTC India and has recommended buy rating on the stock with a target of Rs 150 in its September 20, 2010 research report.

India’s GDP is expected to grow at 9.2 per cent in FY11 on the back of spurt in economic activities, Centre of Monitoring Indian Economy (CMIE) said in its monthly review.

Shares in Hero Honda, India’s largest motorcycle maker, fell as much as 2.3 per cent on Wednesday after UBS said it had lowered the stock to neutral from buy.

Water treatment firm VA Tech Wabag raised Rs 70.9 crore by allocating 541,136 shares to several anchor investors at Rs 1,310 a piece, the upper end of its price band, data from the NSE showed.

India may sign a $3.5 billion deal to buy 10 of Boeing Co’s C-17 Globemaster III aircraft for its air force, a business daily reported on Wednesday.

Solar photo-voltaic cellmaker Indosolar Ltd has fixed the issue price for its initial public offer of shares at Rs 29 a share, the lower end of its price band, it said on Wednesday.

Investment Advisor, SP Tulsian is of the view that buy Tinplate Company of India, with a target of Rs 83.

Investment Advisor, SP Tulsian is of the view that HOV Services can touch Rs 200 in six months timeframe.

Aashish Tater of Fort Share Broking is of the view that DCM has target of Rs 180.

Aashish Tater of Fort Share Broking is of the view that one can buy Radico Khaitan with a target of Rs 186.

The Foreign Institutional Investors (FIIs) were net sellers of Rs 2,175.16 crore in futures and options segments on Tuesday.

FIIs were net buyers of Rs 411.88 million in equities on September 20, as per data available on SEBI website.

The rupee is expected to continue to trend stronger, says N Subramaniam of Pinnacle Forex.

Oswal Chemicals and Fertilisers is planning to set up a gas-based fertiliser manufacturing plant with an investment of Rs 5,000 crore in Andhra Pradesh, sources said.

Air-conditioning major Blue Star has bagged orders worth Rs 130-crore for air-conditioning and plumbing of the new integrated Terminal Building (Terminal 2) of the Chhatrapati Shivaji International Airport (CSIA).

Karnataka-based Corporation Bank has set a business target of Rs 5 lakh crore by 2014, its top official said.

India will pass Japan to be the biggest buyer of Indonesian coal by 2011, said Bob Kamandanu, chairman of the Indonesian Coal Mining Association

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

Comments

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: