The Hindu Business Line : Friday, July 11, 2008

STOCKS: Gates Foundation picks stake in Trent
Acquires 98,790 shares for Rs 4.47 cr. Mumbai, July 10 The Bill & Melinda Gates Foundation has acquired 98,790 shares of Trent Ltd for Rs 4.47 crore (about $1 million). The wealthiest charitable foundation in the world, bought the shares ...

STOCKS: DLF fixes buyback price at Rs 600/share maximum
To utilise up to Rs 1,100 cr to buy 2.2 crore shares. New Delhi, July 10 Real estate company DLF Ltd on Thursday said it would buy back up to 2.2 crore shares at a maximum price of Rs 600 per equity share. ...

STOCKS: PSU stocks turn active on divestment hopes
Mumbai, July 10 With the change in the political equation in the Centre, public sector stocks seem to have found more buyers in the past few ...

FOREIGN INSTITUTIONAL INVESTORS: Deutsche Securities hikes stake in ICSA
Hyderabad, July 10 Deutsche Securities Mauritius Ltd, along with persons acting in concert, has increased its stake in ICSA (India) Ltd from 22,37,737 shares (5.08 per cent) to 31,50,255 shares (7.16 per cent) through open market purchases. ...

RECOMMENDATION: Day Trading Guide
The stock is likely to experience selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss at Rs 650. ...

IMPACT
STOCKS: Bikes aid Bajaj sales growth
Product mix augurs well for future. In the backdrop of a tough macro-economic environment due to rising inflation and increasing interest rates, Bajaj Auto has reported a 9 per cent year-on-year rise in net sales in the first quarter of the ...

DERIVATIVES MARKETS: Infosys call options turn active
Tata Steel, DLF rule in discount. Chennai, July 10 Turnover dipped to Rs 35,645 crore in a listless day, against Wednesday’s figure of Rs 47,907 crore. Discount narrowed down further for Nifty July future on account unwinding of ...

TODAY'S PICK (Latest Audio: English/Tamil)
RECOMMENDATION: GMR Infrastructure (Rs 94.10): Buy
We recommend a buy in GMR Infrastructure from a short-term perspective. From the charts of GMR Infrastructure, we note that it was on a medium-term downtrend from its early May 2008 high of Rs 169 till it recorded a 52-week low of Rs 76 during ...

ANNOUNCEMENTS: Corporate developments
Coimbatore, July 10 Era Infra Engineering Ltd, which is primarily in the business of construction/development of highways, railways, power plant, airports, urban Infrastructure and housing etc, is now expanding into power ...