The Hindu Business Line : Tuesday, September 18, 2007

ANNOUNCEMENTS
Corporate developments
Coimbatore, Sept. 17 Ess Dee Aluminium Ltd’s Board of Directors has allotted a total of 14,10,000 equity shares of Rs 10 each at a premium of Rs 565 per share to Morgan Stanley India Investment Fund (7,75,000 shares) ... More

FINANCIAL SERVICES
Kotak Mahindra in Kozhikode
Kotak Mahindra Old Mutual Life Insurance Ltd (Kotak Life Insurance) has announced the launch of its new branch office at Kozhikode. This is Kotak Life Insurance’s fourth branch office in Kerala after Kochi, Thrissur and Kottayam. Mr ... More

STOCKS
Subex Azure plunges to a 52-week low
Likely revenue loss from AT&T’s spending cuts More

Stargate exits from India Cements
Mumbai, Sept. 17 Fraternity Plastofab Pvt Ltd sold 3.75 per cent stake in Neo Sack Ltd thereby reducing their holding from 8.61 per cent to 4.86 per cent. The company sold 3,24,212 shares, according to the data available on the BSE. ... More

CTS announces 2-for-1 stock split
CTS today announced a two-for-one stock split on its capital stock in the form of a stock dividend. A release said that stockholders of record as of October 1, 2007 would be entitled to one additional share of common stock for each share held on ... More

Today’s Pick: Lupin (Rs 592.10)
More

Day Trading Guide
The stock has formed a bearish engulfing candlestick pattern in the last trading session- indicating bearishness. It can fall to Rs 883. We recommend a sell. Infosys

The stock declined in line with our ... More

TECHNICAL ANALYSIS
Bears prevail
Bears prevailed over Monday’s trading activity. However, the sentiment reading of the tradable counters changed to sideways. Further, bear move on Tuesday is likely to change the sentiment reading in their favour. On the contrary, the ... More

STOCK MARKETS
Value buying seen in GAIL
Kolkata, Sept. 17 Smart investors appear to have been steadily accumulating GAIL stock of late as a long-term value unlocking bet, while a section of punters has been shorting it in the futures, according to market circles. The stock closed on ... More

Value unlocked in Tata Investment Corp
Healthy investment book may support price More

Big win for Aban
Addressing capacity constraint More

Scramble for IFCI stake
It is a moot point whether a healthy institution would generate this kind of interest. We are referring to the kind of interest that troubled institutions or those who have recently been in difficulties seem to generate among prospective ... More

DERIVATIVES MARKETS
India Infoline turns active
Chennai, Sept. 17 After beginning on a strong note, the Nifty future came into selling pressure and ended on a weak note. Nifty future, which was in premium to the Nifty spot during intra-day, ended with a discount of 7.5 points mainly due to ... More

ASSET MANAGEMENT COMPANIES
Peerless plans asset management foray
Strategy expected to create scale and depth, scope for expansion More

EVENTS
India Infoline investor meets
India Infoline has organised a series of investor conferences across Kerala starting in Kannur. With over 28 branches in the State, India Infoline has a strong presence offering the entire range of financial products and services right from ... More

IPOS
Supreme Infrastructure public offering from September 21
Issue closes on Sept 26; price band at Rs 95-108 More