Friday, August 27, 2010
European markets are trading flat in opening trades
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BUY Tata Steel Sept Futs at Rs516-517 with SL of Rs504 for target of Rs551
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BANG ON TARGET
FIIs were net sellers of Rs2.76bn in the cash segment on Thursday (provisionally), according to the NSE web site. Local funds were net buyers of Rs389.3mn. In the F&O segment, the foreign funds were net buyers at Rs3.53bn. FIIs were net sellers of Rs2.9bn in the cash segment on Wednesday. Mutual funds were net sellers at Rs4.19bn on the same day.
Corporate Snippets
Tata Motors is looking at raising up to US$1bn to fund its various expansion programmes. (FE)
L&T plans to launch a bank to gain access to cheap funds and scale up its presence in infrastructure financing. (ET)
Tata Power is in talks to buy a 50% stake in the power utility InterGen NV. (ET)
NTPC will now offer gas producers stakes in its power projects to ensure long term fuel supply (ET)
M&M is one of the contenders for Scooters India JV. (FE)
GAIL is planning to put up a gas-based power plant each in Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh. (BS)
M&M would set up an assembly line at its Chakan plant for making Ssangyong sport utility vehicles (SUVs). (BS)
L&T plans to launch a bank to gain access to cheap funds and scale up its presence in infrastructure financing. (ET)
Tata Power is in talks to buy a 50% stake in the power utility InterGen NV. (ET)
NTPC will now offer gas producers stakes in its power projects to ensure long term fuel supply (ET)
M&M is one of the contenders for Scooters India JV. (FE)
GAIL is planning to put up a gas-based power plant each in Maharashtra, Gujarat, Madhya Pradesh and Uttar Pradesh. (BS)
M&M would set up an assembly line at its Chakan plant for making Ssangyong sport utility vehicles (SUVs). (BS)
Thursday, August 26, 2010
European markets update: FTSE Index up 0.7%, CAC Index up 0.9% and DAX Index up 0.6%
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Only Sq-off is allowed in RELIANCE F&O as broker-wise limit has been reach to 90%
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SHROT TERM DELIVARY CALL,
BUY AND HOLD
RAYMOND at 381sl 370
TARGET 399,401
HOLD FOR 15 DAY
BUY and HOLD
CAMLIN at 44
sl 40
TARGET 50,52
HOLD FOR 5 DAY
FIIs were net sellers of Rs3.65bn in the cash segment on Wednesday (provisionally), according to the NSE web site. Local funds were net sellers of Rs2.67bn. In the F&O segment, the foreign funds were net buyers at Rs13.76bn. FIIs were net buyers of Rs9.03bn in the cash segment on Tuesday. Mutual funds were net sellers at Rs6.41bn on the same day.
Corporate Snippets
Cipla will invest Rs10bn in the immediate and near future in factories, expansion of existing facilities and infrastructure. (BS)
HDIL has objected to Golden Tobacco’s renewed plans to sell four acres of its land in the Andheri area of Mumbai, expected to be worth around Rs1bn. (BS)
Reliance Industries is seen as a likely partner for Chesapeake Energy Corp's Eagle Ford shale acreage. (DNA)
The promoters of Religare Enterprises made an open offer to acquire about 28mn shares of financial services company at Rs457 a share. (BS)
Piramal HC is likely to consider buyback of shares along with special dividend after it gets the proceeds deal with Abbots Labs. (DNA)
HDIL has objected to Golden Tobacco’s renewed plans to sell four acres of its land in the Andheri area of Mumbai, expected to be worth around Rs1bn. (BS)
Reliance Industries is seen as a likely partner for Chesapeake Energy Corp's Eagle Ford shale acreage. (DNA)
The promoters of Religare Enterprises made an open offer to acquire about 28mn shares of financial services company at Rs457 a share. (BS)
Piramal HC is likely to consider buyback of shares along with special dividend after it gets the proceeds deal with Abbots Labs. (DNA)
Wednesday, August 25, 2010
Short Zee Ent Aug Futs at Rs291.50 with SL of Rs296 for target of Rs281
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BUY Sterlite Sep 160 CA at Rs5 with SL of Rs2 for Target of Rs13
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European markets update: FTSE, CAC and DAX Index down 0.3% each
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Corporate Snippets
Vedanta Resources failed to get environmental clearance for its US$1.7bn bauxite mining project in the Niyamgiri hills of Orissa. (BS)
Piramal Healthcare may go in for development of a residential project or business hub on the 40 acres prime land in Thane. (BS)
Maruti Suzuki is looking at manufacturing cars for other vehicle makers, both foreign and domestic, on the lines of its arrangement with Nissan. (BS)
Maruti Suzuki is working towards achieving full-body capability in manufacturing vehicles, which means MSIL will design and develop its models on its own. (BS)
M&M plans to source automotive components worth US$4-5bn over several years from global markets for Ssangyong and itself. (BS)
Piramal Healthcare may go in for development of a residential project or business hub on the 40 acres prime land in Thane. (BS)
Maruti Suzuki is looking at manufacturing cars for other vehicle makers, both foreign and domestic, on the lines of its arrangement with Nissan. (BS)
Maruti Suzuki is working towards achieving full-body capability in manufacturing vehicles, which means MSIL will design and develop its models on its own. (BS)
M&M plans to source automotive components worth US$4-5bn over several years from global markets for Ssangyong and itself. (BS)
Tuesday, August 24, 2010
European markets update: FTSE Index down 0.1%, CAC Index down 1.4% and DAX Index down 0.9%
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BUY Tata Comm Aug Fut at Rs342 with SL of Rs338 for Target of Rs351
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Corporate Snippets
M&M has signed an agreement to acquire a majority stake in beleaguered South Korean auto manufacturer Ssangyong Motor Company (SYMC). (BS)
State-owned ONGC, OIL and Gail may make a joint bid to counter Vedanta Resources’ US$8.48bn offer for majority stake in Cairn India, and have already got US$10bn in loan commitments from international banks for the move. (BS)
Cairn India Ltd has struck oil and gas in an onshore block in the Krishna-Godavari basin, in Andhra Pradesh. (BS)
NTPC will be duly compensated for the cancellation of its 600MW hydro power project at Loharinag Pala in Uttarakhand. (BL)
L&T has bagged two orders worth Rs12bn from ONGC for setting up additional processing units at the corporation's gas complexes in Hazira and Uran. (BL)
State-owned ONGC, OIL and Gail may make a joint bid to counter Vedanta Resources’ US$8.48bn offer for majority stake in Cairn India, and have already got US$10bn in loan commitments from international banks for the move. (BS)
Cairn India Ltd has struck oil and gas in an onshore block in the Krishna-Godavari basin, in Andhra Pradesh. (BS)
NTPC will be duly compensated for the cancellation of its 600MW hydro power project at Loharinag Pala in Uttarakhand. (BL)
L&T has bagged two orders worth Rs12bn from ONGC for setting up additional processing units at the corporation's gas complexes in Hazira and Uran. (BL)
Monday, August 23, 2010
European markets update: FTSE Index, CAC Index up 0.2% each and DAX Index flat
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Corporate Snippets
Maruti Suzuki is mulling limiting exports to 15% of its total output to meet requirements within the country. (BS)
TCS opens its fifth delivery centre in China to cater to the Asia-Pacific market. (BS)
ABB opens a wind power generator factory in Vadodara, fourth such plant in India. (BS)
A potential tie-up between Reliance Industries and GAIL India for marketing natural gas has turned out to be a non-starter with the D6 gas allocation going into government hands. (BS)
Bharti Airtel has outbid Idea Cellular, Karbonn Mobile and Micromax to win the sponsorship rights of all international cricket matches to be played in India over the next three years. (ET)
TCS opens its fifth delivery centre in China to cater to the Asia-Pacific market. (BS)
ABB opens a wind power generator factory in Vadodara, fourth such plant in India. (BS)
A potential tie-up between Reliance Industries and GAIL India for marketing natural gas has turned out to be a non-starter with the D6 gas allocation going into government hands. (BS)
Bharti Airtel has outbid Idea Cellular, Karbonn Mobile and Micromax to win the sponsorship rights of all international cricket matches to be played in India over the next three years. (ET)
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