News Capsule (28 Sep 10)

Domestic institutional investors (DIIs) were net sellers of Rs 905.32 crore (provisional) today, according to data released by BSE.

MIC Electronics has bagged order worth Rs 4.89 crore.

HDFC has strong resistance at Rs 2500, says Rahul Mohindar of Viratechindia.

Wipro has target of Rs 465, says Rahul Mohindar of Viratechindia.

The Bhubaneswar based ARSS Infrastructure Projects Limited, focusing on construction of railway infrastructure, roads, highways bridges has announced that it has received a new work order from Rajasthan State Road Development Construction Corporation Ltd., (RSRDCC), Jaipur on Sept. 22, 2010 for Rs 23.75 crore

Motilal Oswal is bullish on Bharat Petroleum Corporation (BPCL) and has recommended buy rating on the stock in its September 28, 2010 research report.

Reliance Communications, India’s second-biggest mobile carrier, is in talks with investors for a sale of stake in its tower unit, Chairman Anil Ambani said on Tuesday.

Biocon can retest Rs 390, says Akshata Deshmukh of Networth Stock Broking.

Angel Broking is bullish on Mphasi and has recommended buy rating on the stock with a target of Rs 872 in its September 21, 2010 research report.

Vascon Engineers has signed agreement to develop a 105 acre township with Bhalakh Realtors Private Limited located at Oragadam.

Motilal Oswal is bullish on Bharat Petroleum Corporation (BPCL) and has recommended buy rating on the stock in its September 28, 2010 research report.

Buy Jet Airways, says Rashes Shah, ICICidirect.com.

Reliance Retail, part of Mukesh Ambani’s Reliance Industries group, plans to add 3,000-4,000 stores across all retail formats over threefour years, a official said on Tuesday.

Life Insurance Corp of India (LIC) expects to post a 20% growth in premiums in FY11, its Chairman TS Vijayan told reporters on Tuesday.

Aditya Birla Money is bullish on Hindustan Petroleum Corporation (HPCL) and has recommended buy rating on the stock with a target of Rs 580 in its September 28, 2010 research report.

Angel Broking is bullish on Mahindra and Mahindra and has recommended accumulate rating on the stock with a target of Rs 771 in its September 28, 2010 research report.

Videocon Industries has target of Rs 312, says Siddharth Bhamre, Angel Broking.

IIFL is bullish on Great Eastern Shipping Company (GE Shipping) and has recommended buy rating on the stock with a target of Rs 330 in its September 28, 2010 research report.

IIFL is bullish on Videocon Industries and has recommended buy rating on the stock with a target of Rs 288 in its September 28, 2010 research report.

Karvy Stock Broking is bullish on IVRCL Infrastructure Projects and has recommended buy rating on the stock with a target of Rs 238 in its September 27, 2010 research report.

Bajaj Electricals’ net sales was higher by 35 per cent at Rs 483.9 crore during the first quarter of the current fiscal, company’s Executive President (Appliances BU) P S Tandon said .

The foreign institutional investors (FIIs) were net sellers of Rs 346.10 crore in futures and options segments on Thursday.

HUL has target of Rs 325, says Suresh Mahadevan, Head of Research at UBS Securities.

Silver, trading at 30year highs, looks set to continue benefiting from strength in gold prices but is at risk of a correction if a sluggish economic recovery hurts industrial commodities, metals consultancy GFMS said.

State Bank Of Travancore has declared interim dividend at Rs 8 per share to its shareholders for the year 2010-2011.

The initial public offering of Bedmutha Industries, a steel wire manufacturer in western India, has opened for subscription today.

Hindustan Copper has filed its DRHP with SEBI for its followon offering of 18.39 crore shares of Rs 5 each on Monday, reports The Hindu Business Line.

Venus Remedies has bagged order from Thai Government

Wind turbine maker Suzlon Energy is in talks to buy the remaining 9% stake in German unit REpower Systems AG, its chief financial officer said on Monday.

Reliance Power would increase its capacity to 5,000 megawatts in 24 months from 600 megawatts, its chairman said on Tuesday.

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