The Hindu Business Line : Friday, May 27, 2005

Citigroup arm picks 14.69% stake in Lakshmi Overseas
THE private equity arm of Citigroup is acquiring 14.69 per cent equity stake in the Punjab-based Lakshmi Overseas Industries Ltd (LOIL) at a price of Rs 304 a share aggregating to Rs 57.76 crore. Lakshmi Overseas, one of the largest integrated ... More

Surana Tele promoters shed 2.12 pc stake
HYDERABAD: Mr Devender Surana along with persons acting in concert have sold about 2.12 per cent shares in the Surana Telecom Ltd during May, according to a statement filed with the National Stock Exchange. The Director of Surana ... More

INVESTMENTS

Institutions pick up large stakes in mid-caps
INSTITUTIONAL investors, both domestic and foreign, have become very aggressive in the Indian equity market in the recent past by picking large stakes in several companies through open market purchases. This trend is more visible in mid-cap ... More

MUTUAL FUNDS

PruICICI's `SPIcE' doubles in a week
CAN an exchange traded fund (ETF) value double in a week's time? Looks impossible, but players in Indian stock market have done it. The fund in which this has happened is Prudential ICICI mutual fund's "SPIcE" (Sensex Prudential ICICI Exchange ... More

STOCKS

Infosys ADS priced at $67; response huge
The billion-dollar issue was oversubscribed by almost eight times. About 50 per cent of the demand came from the US investors, while Europe and Asia accounted for 30 and 20 per cent respectively. More

GV Prasad sells Dr Reddy's shares
HYDERABAD: DR Reddy's Laboratories Ltd has informed the stock exchanges that its executive Vice-Chairman and Chief Executive Officer, Mr G.V. Prasad, has sold 13,852 equity shares of the company on May 20. The mode of sale was market ... More

TECHNICAL ANALYSIS

Bull domination
BULLS extended their domination over Thursday's trading activity. However, sentiment reading of the tradable counters turned neutral. Bull domination on Friday is likely to change the sentiment reading in their favour. On the other hand, the ... More

STOCK MARKETS

Opal Ind up on turnaround hopes
THE counter of Opal Industries, which is into power cables business, wired in a decent gain of 10.86 per cent on the BSE on a traded volume of 4.76 lakh shares. According to market sources, the company, which is already on a turnaround path, ... More

DERIVATIVES MARKETS

Outlook may turn negative for BoB, Orchid Chem
THE following strategies are based on Thursday's trading in the derivatives segment on the NSE: Bank of Baroda: The June futures contract closed at 195.50. The outlook may turn negative if it trades below 192. The downside target range ... More

COMMENTARY

Buying in IT, pharma sustains bull rally
THE bull rally on the markets continued for the sixth day as the Sensex closed with a gain of 73 points, while Nifty was up by 31 points. Strong buying interest in the frontline stocks and huge short covering in the last hour of trade helped the ... More

BONUS ANNOUNCEMENTS

GACL fixes June 25 as record date for bonus, stock split
GUJARAT Ambuja Cements has fixed June 25 as the recorddate for the purpose of issue of bonus shares and stock split. An extraordinary general meeting of the company on Thursday approved last month's decisions of the Board to split the stock as ... More

Stock Quotes
SE Diary

Comments & Letters to the Editor to: bleditor@thehindu.co.in
Subscribe to: Business Line

Pick a Winner Stock Market Contest

Infosys ADS priced at $67; response huge

Is Wal-Mart what the doctor prescribes?

Consumption groups and demand for durables

Retail boom: FDI can give the extra thrust

Private banks slip on farm loan target, face RIDF option

Silver prices surge 36 pc in 2004

Rapeseed/mustard liquidation: Millstone around Govt's neck

In Focus

BHEL Disinvestment