The Hindu Business Line : Tuesday, February 14, 2006

Bennett to pick up 6% stake in Sahara India
SAHARA India Mass Communication Ltd has informed the BSE that its board has approved the plan to issue 11 lakh shares to Bennett Coleman & Company Ltd at Rs 344 per share. It amounts to six per cent, a company official said. The shares would be . More

NSE cuts price band
THE National Stock Exchange has reduced the price band on shares of Jai Balaji Sponge, Williamson Magor & Co, GM Breweries, Greenply Industries, Pudumjee Agro Industries and Weizmann Ltd. In a circular, the NSE said the price bands for Jai ... More

Jet Air stock sheds Sahara deal gains
IN contrast to the market that has been touching new highs over the past month, the Jet Airways stock has been bogged down by a variety of factors: the financial performance results announced recently, the overall environment in which the company ... More

TECHNICAL ANALYSIS

Bulls prevail
BULLS prevailed over Monday's trading activity. The sentiment reading remains bullish. Bear pressure on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the bullish sentiment is likely to be further ... More

STOCK MARKETS

Century Enka gains on board revamp buzz
CENTURY Enka spurted on Monday on the buzz that Mr Kumar Mangalam Birla is likely join the board of the company, dealers said. The stock rose 11.18 per cent on the BSE to Rs 200.35, compared to the previous close of Rs 180.20. Over 1.57 lakh ... More

REGULATORY BODIES & RULINGS

SEBI bars BLB from giving stock recommendations
SEBI has barred stock broking outfit BLB Ltd from making any recommendations about stock market investment after it found the firm guilty of making misleading `buy' recommendation relating to VBC Ferro Alloy Ltd. The broking outfit bought huge ... More

COMMENTARY

Winning streak extends on sustained buying
SUSTAINED buying support from domestic funds along with continued inflow of foreign capital helped markets extend their winning streak. While Sensex climbed higher to post its second straight record close at 10173.3, the Nifty too added 13.6 ... More

IPOS

Approva Corporation plans to go public
APPROVA Corporation, player in the enterprise controls management software, plans to go public in 12-18 months. Preliminary work is being done, said Mr Prashanth Bocassam, Chief Executive Officer, at a press conference. He said the ... More

M&M holding in financial services arm to fall to 67 pc
MAHINDRA & Mahindra Financial Services Ltd (MMFSL) formally announced its initial public offering on Monday. The price band for the issue, which comprises 20 million equity shares of Rs 10 each for cash at a premium decided through the ... More