The Hindu Business Line : Thursday, August 11, 2005

Ingersoll-Rand to buy out Indian arm at Rs 325 a share
INGERSOLL-Rand Company Ltd on Wednesday announced its intention to purchase the outstanding publicly held shares of its Indian subsidiary Ingersoll-Rand India Ltd at a price of Rs 325 a share. Ingersoll-Rand, through its wholly owned subsidiary ... More

MUTUAL FUNDS

Sundaram Mutual launches CAPEX Opportunities
SUNDARAM Mutual Fund today announced the launch of another fund, which it calls Sundaram CAPEX Opportunities Fund. The fund will invest in companies that supply equipment and material to companies that are expanding their capacity. "For ... More

STOCKS

Hotel stocks attract interest
WITH the peak tourist season to begin soon, hotel companies' shares have started attracting the interest of market players on expectation of hike in room rentals and higher occupancy of rooms. In today's trading, there was across-the-board ... More

Value buying seen in Sudarshan Chem
IS Sudarshan Chemical Industries poised to achieve a new growth alchemy? Though the stock is on a drift-down mode of late, there are some market players who see value in it considering its growth prospects. According to analysts who track ... More

TECHNICAL ANALYSIS

Bull domination
THE bulls made a dramatic comeback on Wednesday after a two-day bear run. The bears were not able to have any impact over trading activity. The sentiment reading of the tradable counters turned bullish. Bear pressure on Thursday is likely to ... More

STOCK MARKETS

Sensex bounces back, gains 134 on FII buying
AFTER two days of downtrend in the indices, the bulls were back in business on Wednesday, leading the Sensex to a 134.25-point gain. Heavy buying in frontline scrips, especially in the IT and banking sectors, set the indices soaring. The ... More

Auto ancillary & tyre stocks on a roll
THE markets performed a volte-face ending the downward spiral registered over the previous three sessions. Aided by a strong advances decline ratio of 4:1 in favour of the gainers a majority of the sector-oriented indices registered gains. The ... More

TTK Prestige up on biz expansion hopes
TTK Prestige has been a gainer on the bourses on expectation of announcement of business expansions by the company. The company, whose main line of business is manufacturing and marketing of pressure cookers, is understood to be entering the ... More

DERIVATIVES MARKETS

Outlook may turn positive for Tata Motors
THE following strategies are based on Wednesday's trading in the derivatives segment on the NSE: TCS: Sell August futures if it trades below 1,323. The downside target is 1,318-1,313. Place the protective stop at 1,330. The open interest ... More

IPOS

Kenexa fixes IPO price
KENEXA Corporation, the Nasdaq-listed human resources related technology solutions provider, has announced the pricing of its initial public offering of 50,00,000 shares of its common stock at $12 per share (before underwriting discounts and ... More

HT Media public offer subscribed 20.86 times
THE initial public offering of HT Media Ltd, publisher of Hindustan Times, was subscribed 20.86 times at the close of the issue today. The company had offered 69.95 lakh shares in the IPO at a price band of Rs 445 to Rs 530 per share. ... More

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