The Hindu Business Line : Wednesday, April 05, 2006

Dividend distribution method regularised
The SEBI has tried to correct yet another anomaly — multiple procedures being followed by fund houses with regard to dividend distribution. Rule 53(a) of SEBI (Mutual Funds) Regulations, 1996 permits MFs to distribute returns including ... More

OPEN OFFERS

Open offer for Guj Ambuja rescheduled
Holcim's open offer for Gujarat Ambuja has been rescheduled. Now, the offer begins on Wednesday and closes on April 24, the manager to the offer (DSP Merrill Lynch), informed the stock exchanges. Earlier, the open offer was scheduled between ... More

STOCKS

Rate hike hopes boost banks
Dena Bank and Federal Bank were buzzing on Tuesday. Both the scrips touched their 52-week high as buying interest increased with expectations of a rate hike to be announced in the credit policy on April 18. Dena Bank touched an intra-day high ... More

BHEL continues bull run
BHEL continued its bull run from Monday. The scrip was a buyer's favourite after the company announced its results and also made public its intention to acquire companies in the US and Europe. Dealers say that a large mutual fund house is buying ... More

HMT ticking fast
The HMT counter has been seeing action as brokerages are viewing the scrip as undervalued at its current level. Though clients are being asked to keep stop losses between Rs 78 and Rs 80, they are predicting short-term upside in the scrip. The ... More

Citigroup sells shares of Mysore Cements
Citigroup Global Markets has sold 9.6 lakh shares of Mysore Cements, forcing the share prices of the company to ease to Rs 47 levels after the rally in the counter in the last couple of weeks. Citigroup Global Markets (Mauritius) sold the ... More

TECHNICAL ANALYSIS

Volatile movement
Tuesday's trading activity witnessed volatile movement. However, the sentiment reading of the tradable counters remains bullish. Bear domination on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK MARKETS

Scaling new heights
AT LYONS RANGE: Traders in front of their terminals watch the Sensex leap on Tuesday. The Sensex reached its new peak 11,638-level with a gain of 73.65 points. ... More

COMMENTARY

Oil & gas pack advance in value; major IT scrips slip
More

IPOS

Plethico Pharma fixes IPO price band at Rs 280-300
The price band for Plethico Pharmaceuticals' initial public offer (IPO) has been fixed at Rs 280-Rs 300. The company expects to raise about Rs 110 crore through the IPO to fund, among other things, a brand-acquisition in the over-the-counter ... More

BONUS ANNOUNCEMENTS

IL&FS Investment okays 1:2 bonus
Plans to raise $ 60 m More

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