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Thursday, August 27, 2009
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RECOMMENDATION: Alok Industries (Rs 21.8): Buy
Investors with a short-term perspective can buy Alok Industries. The stock underwent a steep correction in June and July when it plunged from Rs 29 to Rs 15. Things are looking up since then and the stock is in a short-term uptrend since July ...

IPOS: 10.74 lakh retail applicants get NHPC shares
30% of unsubscribed employees’ quota allotted to retail. Of the 13.02 lakh retail applicants who had applied for the big ticket Rs 6,000-crore NHPC (National Hydroelectric Power Corporation) public issue of 168 crore shares, 10.74 lakh ...

STOCKS: Exporters gain on hope of relief in foreign trade policy
Textiles, jewellery segment stocks in demand. Stocks of some of the exporting companies improved a little on expectation of announcement on relief measures in the foreign trade policy, scheduled to be declared on ...

MUTUAL FUNDS: Birla Sun Life ropes in 4 cricketers
Birla Sun Life Insurance, part of the Rs 4,763-crore Aditya Birla Financial Services Group, has signed up four Indian cricketers for its ‘Wealth with Protection Solutions’ category campaign. The cricketers include Yuvraj Singh, ...

MUTUAL FUNDS: Gayatri Projects’ pref allotment to Reliance MF
To buy out Maytas stake in UP road project. Hyderabad, Aug. 26 Gayatri Projects today announced the allotment of one million equity shares of Rs 10 each at a premium of Rs 175 a share on a preferential basis to Reliance Mutual Fund raising Rs ...

STOCKS: New orders spell better days for Aban Offshore
Reduce concerns over co’s falling asset utilisation levels. The fortunes of Aban Offshore, the country’s largest offshore drilling services provider, may be turning, with its latest announcement regarding the procurement of rig ...

DERIVATIVES MARKETS: BSE gets nod for interest rate futures
Close on the heels of NSE, Bombay Stock Exchange will also be launching interest rate futures (IRF) in the next 8 to 10 weeks, the BSE said on ...

STOCKS: Block deal in Mercator Lines
...

FOREIGN INSTITUTIONAL INVESTORS: WL Ross picks up 18.4 lakh ADRs of Mahindra Satyam
Billionaire investor Mr Wilbur Ross, who was once in the running to acquire a controlling stake in the erstwhile Satyam Computer Services, is still interested in the Hyderabad-based company from an ...

DERIVATIVES MARKETS: RNRL Sept futures adds 1.31 cr shares
Chennai, Aug. 26 Turnover remained moderate at Rs 78,077.71 crore in the F&O segment on Wednesday. The Nifty July futures closed at 4680.85 while the September futures closed at 4691.5 against the spot close of 4680.85. The rollover of ...

STOCKS: Bharat Bijlee rides on its investments
The stock of Bharat Bijlee has been gaining in the last few days with higher trading volumes. It jumped 8 per cent on Wednesday to end at Rs 900.55; trading volumes jumped to 75,458 shares against its two-week average of 16,800 shares. The ...


Columnists: Harish Bijoor Ramanujam Sridhar S Ramesh Kumar Radhika Chada




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Markets (Aug 26)
Nifty (at close)4,680.85(+21.50)
US Dollar (Buy/Sell)48.90/91
Brent crude (a bbl) Rs3,449
Gold (a gram) Rs1,400
Silver (a kg) Rs24,610

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