The Hindu Business Line : Thursday, May 05, 2005

Vijay Shanthi Builders plans pref issue
CHENNAI: Vijay Shanthi Builders Ltd will issue 6,03,000 shares on a preferential basis to the promoters and relatives at a price of Rs 12.50 per share, inclusive of a premium of Rs 2.50 per share. The issue of shares was approved by the ... More

Promoters to increase holding in Apollo Hospitals Enterprise
PRIOR to a proposed overseas listing, the promoters, Dr Pratap C Reddy family, are strengthening their grip on Apollo Hospitals Enterprise Ltd by increasing their holding by almost two percentage points through a preferential allotment of equity ... More

TECHNICAL ANALYSIS

Bull domination
BULLS were in total command of Wednesday's trading activity. The sentiment reading of the tradable counters stands bullish. Bear domination on Thursday had the potential to reduce the bull count by a considerable margin thereby resulting a change ... More

STOCK MARKETS

Turnover, volumes dip on bourses
TRADING activity on the stock market has considerably slowed down after stock indices touched their peak levels in March this year with turnover and volume dropping by almost half. Brokers attribute the sharp fall in trading activity to lack ... More

Cummins bolstered by institutional buying
Cummins India counter buzzed with activity late on Wednesday reportedly due to substantial institutional buying. According to dealers, some 10 lakh shares changed hands on bourses at the fag end of the trading session. The stock price shot up ... More

Duke Advisors raises stake in United Western Bank
DUKE Advisors (P) Ltd, which has been buying shares of United Western Bank "aggressively" in the last four months, has raised its stake in the bank to around 3.5 per cent. "We intend to hold a position up to the regulatory limit (of 5 per ... More

DERIVATIVES MARKETS

Outlook may turn negative for Bharti Tele, i-flex
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: Bharti Tele: The May futures contract closed at 216. The outlook may turn negative if the May contract trades below 211.90. The downside ... More

REGULATORY BODIES & RULINGS

ICSA to allot shares, warrants
THE board of directors of ICSA India Ltd, the city-based IT services and solutions company, has decided to make allotment of six lakh equity shares and six lakh fully convertible warrants to allottees approved at the recent extraordinary general ... More

COMMENTARY

Market rally continues; bank, cement stocks gain
THE market marched ahead in style for the third day in a row after weak trends last week; the Sensex posted its biggest single-day gain since April 20. It rose by 1.2 per cent, to close at 6289.55. In intra-day trading, it reached a high of ... More

IPOS

Shree Ganesh Forgings IPO at Rs 30 per share
SHREE Ganesh Forgings is entering the capital market to raise Rs 15 crore through a public issue of 50 lakh shares at Rs 30 per share. The issue will open on May 18 and close on May 24, according to company's offer document. The IPO is mainly ... More

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