The Hindu Business Line : Wednesday, September 05, 2007

STOCKS
Goldman Sachs, UBS pick 6.28% in Shrenuj
Mumbai, Sept. 4 Goldman Sachs Investments and UBS Securities have bought 39.36 lakh shares of Shrenuj & Company Ltd at Rs 42.50 a share. The stake accounts for 6.28 per cent of the company’s equity capital and was sold for Rs 16.72 ... More

Century Enka moves up on product price hike hopes
‘Co to benefit from increase in demand’ More

Second-rung bank stocks rule the roost
Robust GDP, benign inflation make the sector attractive More

Sale talk buoys Sterling
Sterling Holiday Resorts India has gained 11 per cent in the past one week on renewed activity. On Tuesday, the counter moved up around 3 per cent to close at Rs 49.35 and witnessed a trading volume of 64,423 shares. Rumour doing the rounds in ... More

TECHNICAL ANALYSIS
Sideways movement
Tuesday’s trading activity witnessed sideways movement. However the sentiment reading of the tradable counters remains bullish. Bear move on Wednesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK EXCHANGES
SEBI not to renew Magadh bourse recognition
Mumbai, Sept. 4 The Securities and Exchange Board of India (SEBI) has decided not to renew the recognition granted to Magadh Stock Exchange Ltd as it was found violating capital market regulations. An order issued by Dr T.C. Nair, ... More

ASSET MANAGEMENT COMPANIES
Bharti, AXA join hands for asset management biz
New Delhi, Sept. 4 Bharti Enterprises, AXA Investment Managers (AXA IM) and AXA Asia Pacific Holdings (AXA APH) today announced a joint venture to establish an asset management company in India. The details of the joint venture were not ... More

RIGHTS ISSUE
Omax puts off rights plan, opts for pref offer
The tough market conditions faced by the auto ancillary units which have impacted their stock price, seems to have forced Omax Autos Ltd (OAL) to choose the option of a preferential offer instead of taking the further issue/rights issue route ... More