Archive for September 26th, 2008

Reliance has support at Rs 1880: D Dutta

Devangshu Dutta,Consulting Editor at Outlook is of the view that Reliance Industries has support at Rs 1880.

Ranbaxy looks extremely weak: D Dutta

Devangshu Dutta, Consulting Editor at Outlook is of the view that Ranbaxy Laboratories looks extremely weak.

HUL, ITC looks neutral says D Dutta

Devangshu Dutta, Consulting Editor at Outlook is of the view that Hindustan Unilever Ltd, HUL and ITC are both looking I would say neutral than positive.

SBI looks attractive: H Sharma

Harish Sharma of Edelweiss Securities is of the view that SBI is looking attractive.

Expect 15% upside in IT space: D Dutta

Devangshu Dutta, Consulting Editor at Outlook is of the view that there is fair 15% upside in IT space from slightly longer timeframe of 4-6 months.

Educomp receives Rs 109cr contract

Educomp today announced that it has signed an agreement with the Department of State Education Research & Training (DSERT), Government of Karnataka for implementation of Computer aided education in 1571 schools in Karnataka.

Unitech, DLF may see substantial downside: D Dutta

Devangshu Dutta, Consulting Editor at Outlook is of the view that Unitech and DLF both seem to be heading for lower lows.

Titan Industries inks pact with Hamilton Sundstrand

Titan Industries, the jewellery and watches division of the Tata Group, has signed a long-term agreement with Hamilton Sundstrand, a subsidiary of United Technologies Corp of the US, to manufacture high precision components for auxiliary power units, ram air turbine, flap actuator systems, engine control, environmental control systems and electronic engine controls that are deployed in leading commercial aircraft like Boeing, Airbus, Embraer and Dassault Falcon.

Our drugs are safe and effective: Ranbaxy

Country’s largest drug maker Ranbaxy today said its pharmaceutical products, including the HIV/AIDS drugs, which it produces from two of its plants located in Dewas and Ponta Sahib in the country, are safe and is committed to working with US FDA.

BPL to issue 2.43 mln shares to Deutsche Bank

Consumer electronics maker BPL Ltd said on Friday its board has approved preferentially issuing 2.43 mn shares to Deutsche Bank AG and its units.

Ranbaxy falls 6% on PEPFAR’s suspension of AIDS drug funding

Shares of pharma major Ranbaxy today plunged over six per cent on the domestic bourses amid reports of US President’s Emergency Plan for AIDS Relief (PEPFAR) suspension of funding for three of its generic HIV/AIDS drugs.

20 Microns fixes issue price at Rs 55/share

20 Microns Ltd has fixed the issue price of its public offering at the upper price band of Rs 55 per share. The company planned to raise Rs 9 crore from the IPO. The issue was subscribed 4.11 times.