The Hindu Business Line : Wednesday, December 17, 2003

Ricoh, NRG make open offer for 24% stake in Gestetner
RICOH Company Ltd of Japan and NRG Group Plc of the UK on Tuesday made an offer to acquire 24 per cent stake in Gestetner (India) Ltd at Rs 32 per share. The company is the manufactuer of office equipment. NRG holds 51 per cent in Gestetner, ... More

FINANCIAL SERVICES

Bajaj Capital to expand AP operations
BAJAJ Capital Ltd (BCL), the premier financial planner and investment advisory services company, plans to expand the network of its investment centre to 100 from the current 85 over the next year. Of this, three would come up in Andhra Pradesh ... More

TECHNICAL ANALYSIS

Bears prevail
TUESDAY'S market witnessed intense tug of war between bulls and bears. Bears managed to prevail over the bulls towards the end of the day. The sentiment reading of the tradable counters stands mildly bullish. Bear domination on Wednesday is ... More

STOCK MARKETS

Film-maker pulls crowd
THE stock of film distribution and production company Adlabs Films was enjoying the market limelight on Tuesday. Local investors, retail and institutional, heavily bought the stock, which set a new year-high before closing lower. According to ... More

Nicholas Piramal soars on M&A buzz
RUMOURS that Nicholas Piramal could be looking at acquiring Elder Pharma has been doing the rounds of the market in the recent past. There is also talk that Elder Pharma is looking to sell its flagship brand, Shellcal. Merchant bankers have ... More

`Defensive buying' propels FMCG majors
THE stocks of fast moving consumer goods companies are on the move. During the current eight-month long rally, these stocks have occasionally been off the shelves. But during the last five trading sessions on the Bombay Stock Exchange, the FMCG ... More

Sterlite stock in a free fall
EVEN after a firm trend in non-ferrous metals and a bullish stock market, the stock price of copper major Sterlite Industries has been falling continuously after the listing of its parent company, Vedanta Resources, on the London Stock Exchange ... More

DERIVATIVES MARKETS

Hero Honda: Outlook negative, short Jan futures
THE following strategies are based on Tuesday's trading in the spot and the derivatives segment on the NSE: Hero Honda: The outlook on this stock is negative. The downside price target is Rs 337. Consider shorting the January futures on ... More

COMMENTARY

Indices heave up sixth straight day
BOUNCING back twice from the negative territory, the benchmark indices closed with gains for sixth straight day. Both the BSE and NSE opened weak, but bounced back in morning trades only to skid into the day's low. However, buying interest at ... More

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