Stocks in news: M&M, ITI, Indage, Religare, Nalco, RIL
Published on Thursday, June 4th, 2009 at 8:57 AMAuthor: admin (5507 Articles)
Here are stocks that are in news today:
Results today: Power Finance, GMR Infra, Sundram Fasteners, Rane Holdings, HOV Services
Auto fuel prices – Exclusive: Sources
-Complete deregulation of retail auto fuel prices unlikely
-Crude oil price slabs to benchmark retail prices & under-recoveries
-Oil Ministry mulling formula linking retail fuel price to crude basket
Exclusive: Govt Sources
-Many leading banks, brokerages under scanner in Pyramid Saimira scam
-RBI launches probe into Pyramid scam; SEBI begins probing role of brokerages
M&M – Exclusive: Sources
-M&M to launch 4-wheeler based on its Alfa platform
-M&M’s 4-wheeler likely to be priced cheaper than Nano
Nalco Q4
-Net sales down 23% at Rs 1088 crore versus Rs 1405 crore ((Estimate Rs 876 crore))
-Operating Profit at Rs 58 crore versus Rs 567 crore
-OPM 5% versus 40% ((Estimate 17%))
-Net Profit down 80% at Rs 83 crore versus Rs 409 crore ((Estimate Rs 110 Cr))
Nalco 09 Standalone
-Net sales at Rs 5,108.06 crore versus Rs 4,988.80 crore
-Net profit at Rs 1,272.27 crore versus Rs 1,631.52 crore
Board meets:
-Nitin Fire to consider FCCB / GDR / QIP issue
-Gayatri Projects on issue of warrants to promoters on preferential basis
Other stocks that are in news today:
RIL says German Arm Trevira files for insolvency proceedings
Infosys looking at buy targets in US, Europe: DJ
Sale of 10% government stake in BSNL via IPO on DoT agenda, may garner Rs 14,000-18,000 crore
Government flags off disinvestment, ITI first off block – ET
Asahi Breweries, Ravi Jain in race for stake in Indage, deal may be valued at around $150 million – ET
((stake sale plan to Japanese co for $ 120 million reported by Mint earlier))
Government in no hurry to push FDI in aviation – Praful Patel
GVK Power to raise Rs 2500 crore via QIP
Tech Mahindra to prepay Satyam loan, Satyam has raised Rs 300 crore from Bank of Baroda and IDBI – ET
Religare may hike rights issue price to Rs 400/sh
Big MF to list on exchanges in 2 months – BS
Commerce Minister says more incentives for handloom, textiles, leather & plantations
Network 18 board approves issue of up to 92 lakh shares to SAIF partners at Rs 130/sh
Opto Circuits board approves raising up to Rs 400 crore via QIP issue
Suzlon board meet on June 5 to consider amendments to trust deed, terms of bonds
Rishabhdev Technocable follow on public issue opens today, closes June 9; offer of 90 lakh shares, price band Rs 29-33/sh
Asian Electronics board meet on June 10 on fund raising
Beta Kappa Investments to resume trading, no circuit filter today
Ex-dividend: Infosys @ Rs 13.50, PNB @ Rs 20
Indian ADRs: Satyam up 23%, MTNL up 5%, ICICI Bank down 6%, HDFC Bank, Infosys down 2%
Source : MoneyControl
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