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Stocks in news: GVK, Rel Infra, M&M, Gitanjali Gems, Natco

Gitanjali Gems | Natco | TIL | GVK | Reliance Infrastructure | TCS | Mahindra Composites | Gujarat Pipavav | Punj Lloyd | SAIL and M&M are stocks, which are in the news today.

February 10, 2011 / 08:37 IST
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Here are stocks that are in news today:

Results Today: BGR Energy, Bombay Dyeing, Cairn India, Elecon Engineering, Nelco

Ex-Dates
-Aurobindo Pharma: Ex-split 5:1
-Glodyne Techno: Ex-split 10:6
-Mphasis: Ex-dividend Rs 4
-RSWM: Ex-dividend Rs 10

ADA (Anil Dhirubhai Ambani) group says
-Series of baseless, motivated rumours spread by corporate rivals
-Vicious & illegal bear hammering of our listed stocks
-Bears creating panic & destabilizing markets
-Lodged complaint with SEBI & Stock Exchanges

M&M board okays acquiring 38% in EPC Industries
-Makes an open offer to acquire up to 34 lakh shares in EPC at Rs 66.55/sh
(EPC Industries is in micro irrigation space)

Bharti Airtel says:
-TRAI has gone beyond 3G values
-Huge inconsistency in terms of price differences in circles
-Recommendations against GoI principles to offer affordability
-Price through fair, open auction must apply to all
-TRAI's proposals on 6.2 Mhz spectrum 'defies logic'
-Proposed pricing fails to provide level playing ground
-No rational in making distinction in spectrum

SAIL's Chiria Mine gets forest clearance from environment ministry
Environ Ministry says:
-Chiria decision expedited on upcoming SAIL FPO
-SAIL gets to mine 595 ha at Chiria for 20 years
-SAIL Chiria Mine okay against forest panel advice

C Rangarajan says
-RBI to continue to hike rates if inflation firm
-See March-end inflation at 7%
-See inflation declining further in April-September
-Fiscal deficit seen below 5.5% for this fiscal

Other stocks and sectors that are in news today:
-Omkar Speciality lists today
-PL Engineering (its a Punj Lloyd group company) and GECI India (subs of a French company) to jointly offer engineering services in the Aerospace Sector'.
-Gujarat Pipavav entered into an agreement with Gulf Petrochem India wherein they intend to take on lease 90507 sq mtrs of land at Pipavav Port to develop an initial tankage facility of 100,000 KL
-Mahindra Composites board meet on February 14 to consider rights issue
-TCS plans a USD 500 million acquisition in Japan or Germany (ET)
-Hinduja Global looks forward to expand hopes to form a JV in China by June (ET)
-Coal India may buy a stake of upto 15% in Peabody Energy Corp

first published: Feb 10, 2011 08:20 am

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