Plethico Pharma declares dividend at Rs 2.50 per share
Plethico Pharma at its meeting held on March 31, 2011 has declared dividend at 25 % i.e Rs 2.50 per share.
BILT Paper puts IPO on hold; is paper sector being rerated?
Avantha Group's UK arm BILT Paper Plc has put its plan of raising money via IPO on hold.
Buy ICICI Bank; target of Rs 1150: IIFL
IIFL is bullish on ICICI Bank and has recommended buy rating on the stock with a target of Rs 1150 in its April 1, 2011 research report.
Reliance MediaWorks up on buying interest
Reliance MediaWorks touched an intraday high of Rs 163.20 and an intraday low of Rs 151.50. At 12:08 hrs the share was quoting at Rs 159.50, up Rs 8.65, or 5.73%.
Calyx Chemicals files DRHP with SEBI
Calyx Chemicals and Pharmaceuticals has approached the Securities and Exchange Board of India for permission to tap the capital market with an initial public offer.
Vodafone plans IPO for its Indian entity
With Essar out of the way, Vodafone Plc is looking to list its Indian entity in the near future.
PNB top loser on Nifty
Punjab National Bank (PNB) was the top loser on the Nifty. touched an intraday high of Rs 1,217.15 and an intraday low of Rs 1,181. At 11:54 hrs the share was quoting at Rs 1,184, down Rs 28.70, or 2.37%.
Monetary Policy Statement 2011-12 on May 3, 2011
Monetary Policy Statement 2011-12 on May 3, 2011
HCC redeems FCCBs worth $133.03 mn; stock rises
Hindustan Construction Company (HCC) touched an intraday high of Rs 37.25 and an intraday low of Rs 35.75. At 11:19 hrs the share was quoting at Rs 36.90, up Rs 0.55, or 1.51%.
MindTree board appoints new chairman after Soota's exit
Mid-tier IT firm MindTree said on Friday its board has elected a new chairman, after its executive chairman resigned from the company.
International Paper open offer for AP Paper to open May 26
International Paper open offer for AP Paper to open May 26
China factories grow modestly, inflation cools
Chinese factories raised production a touch in March while cost inflation slowed, early signs that China was scoring some success in taming prices with its gradual monetary policy tightening.
Earnings hit but priority is Japan recovery: Toyota
Toyota Motor Corp President Akio Toyoda said on Friday that the devastating earthquake and tsunami in northeast Japan would hurt the company's earnings, but said that was not on his list of priorities.
March factory PMI steady, input costs at series high
The strong pace of expansion in India's manufacturing sector steadied in March, helped by sustained new orders and output, while input prices were at their highest in at least six years, signalling further inflationary pressures, a survey showed on Friday.
Sell L&T; target of Rs 1570: Aditya Birla Money
Aditya Birla Money is bearish on Larsen and Toubro (L&T) and has recommended sell rating on the stock with a target of Rs 1570 in its April 1, 2011 research report.
Nifty consolidates; SBI, ICICI Bank, Infosys dip
The benchmark Nifty was consolidating at previous closing value at 11 hours, which was on expected lines especially after the rally seen in previous eight consecutive sessions. Index had surged 469 points in those eight days led by foreign institutional investors buying of two billion dollar worth of shares.
Buy McLeod Russel; target of Rs 290: Aditya Birla Money
Aditya Birla Money is bullish on McLeod Russel and has recommended buy rating on the stock with a target of Rs 290 in its April 1, 2011 research report.
Buy Aurobindo Pharma; target of Rs 265: Emkay
Emkay Global Financial Services is bullish on Aurobindo Pharma and has recommended buy rating on the stock with a target of Rs 265 in its April 1, 2011 research report.
Key risks to watch in India
Five states go to elections in April, while the ruling Congress party is under attack for high prices and graft scandals, and the polls are seen as a mini-referendum on Prime Minister Manmohan Singh's government.
Tata Steel ups stake in Tinplate to 59.45%; stock gains
Tata Steel has increased its stake in Tinplate to 59.45% versus 42.88% via convertible debentures, reports CNBC-TV18. It touched an intraday high of Rs 629.65 and an intraday low of Rs 620.35. At 11:00 hrs the share was quoting at Rs 626.80, up Rs 6.30, or 1.02%.
BAG Films allots 78.6 lakh shares to ARVR Comm; stock up 9%
BAG Films and Media has allotted 78.6 lakh shares at Rs 17.30 per share to ARVR Comm, reports CNBC-TV18. It touched an intraday high of Rs 8.31 and an intraday low of Rs 7.31. At 10:57 hrs the share was quoting at Rs 8.01, up Rs 0.71, or 9.73%.
SHRI BHAWANI INDIA sells 7.09 lakh shares of Country Club
On March 31, 2011 SAPPHIRE COMMERCIAL PVT.LTD. bought 400,000 shares of Country Club (India) at Rs 11.28 on the BSE.
SOCIETE GENERALE sells 13.17 lakh shares of Bombay Rayon
On March 31, 2011 SOCIETE GENERALE CORPORATE & INVESTMENT BANKING sold 1,317,000 shares of Bombay Rayon Fashions at Rs 257.78 on the NSE. Yesterday the share closed at Rs 258.
RITIKA GEMS sells 8.13 lakh shares of Asian Electronics
On March 31, 2011 RITIKA GEMS PRIVATE LIMITED sold 380,583 shares of Asian Electronics at Rs 11.11 on the NSE and sold 433,333 shares at Rs 11.07 on the BSE. Yesterday the share closed at Rs 10.75.
