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Showing posts from July 20, 2008

recommadations

1. piramal health care ltd  cmp 293,  buy target rs 480--long term(eqm) 2. ht media ltd cmp112, hold target rs 175---long term(eqm)

LIC accumulates stake in 22 Sensex cos

BureauMumbai, July 25 Life Insurance Corporation of India (LIC) appears to have made some value buying in the last quarter, when many blue chips lost heavily from bear hammering. The Government-owned insurance company, which is a major player in the equity market, increased its stake in the Sensex stocks during April-June quarterLIC raised its stake in 22 Sensex companies, during the June quarter, according to a study on the Sensex companies’ public shareholding of more than 1 per cent. Prunes stake However, it pruned or maintained its stake in the IT software majors during the same period; software companies’ share prices outperformed the Sensex during the last quarter. On a quarter-to-quarter basis, during the same period, the Sensex fell 14 per cent, to 13,461 on June 30 from 15,644 at March end.It reduced its stake in Infosys from 3.72 per cent to 3.62 per cent and in Satyam Computer it brought down its stake from 2.71 per cent to 2.51 per cent. In TCS, while the LIC stake remains…

devidends&bonus

Scrip NameEx-DatePurposeRs.EIH LIMITED25-Jul-08Dividend1.8GEOMETRIC L25-Jul-08Dividend0.8JD ORGOCHEM25-Jul-08Reduction of Capital-KILBUR CHEMI25-Jul-08Dividend0.5MOTILALOFS25-Jul-08Stock Split from Rs. 5/- to Re. 1/ --SRINIVA HATC25-Jul-08Dividend2.5AMRUTANJAN28-Jul-08Interim Dividend40IL & FS INVE28-Jul-08BONUS 1:2-PATEL ENGINR28-Jul-08Dividend1PIRAMAL GLAS28-Jul-08Dividend1.5TRANSWARRANT28-Jul-08Dividend1VOLTAMP TRAN28-Jul-08Dividend12.5ACTION CONST29-Jul-08Final Dividend0.4FUTURA POLYS29-Jul-08Scheme of Arrangement-MOSER BAER29-Jul-08Dividend1PIONEE DISTL29-Jul-08Dividend

Reliance Petroleum - Media Release

Reliance Petroleum Ltd has informed BSE regarding a Media Release dated July 22, 2008 titled "RPL refinery achieves 94% overall progress; Pre-commissioning activities gain momentum"

Media Release:

"Reliance Petroleum Ltd ("RPL") has achieved 94% overall progress with rapid advancement on all implementation fronts of its complex refinery, coming up in a Special Economic Zone at Jamnagar in Gujarat.

The project engineering, procurement and contracting, activities have been completed. Construction activities are progressing rapidly to meet pre-commissioning requirements. Planning for project start-up is completed. Pre-commissioning activities are proceeding at a hectic pace with necessary support infrastructure facilities already under commissioning. RPL has mobilised sufficient resources to sustain pre-commissioning and commissioning activities on fast track and expects to complete the refinery ahead of its initial schedule of December 2008.

During the quarter, RPL …

Bliss GVS Pharma spurts on bonus proposal

nusBliss GVS Pharma was locked at 20% upper limit at Rs 46.25 at 11:08 IST on BSE after the company said its board will meet on 29 July 2008 to consider issue of bonus shares.
The company made this announcement after trading hours yesterday, 23 July 2008. Meanwhile, the BSE Sensex was down 169.38 points, or 1.13%, to 14,772.90. On BSE, 52,859 shares were traded in the counter. The scrip had an average daily volume of 15,099 shares in the past one quarter. The stock hit a high of Rs 46.25 and a low of Rs 44.90 so far during the day. The stock had a 52-week high of Rs 78.59 on 18 January 2008 and a 52-week low of Rs 15.30 on 27 July 2007. The small-cap company had outperformed the manket over the past one month till 23 July 2008, gaining 19.53 compared to the Sensex's return of 5.92%. It had underperformed the market in the past one quarter, declining 25.72% compared to Sensex's decline of 10.64%. The company has an equity capital of Rs 6.45 crore. Face value per share is Rs 1. …

Time to shop

Jitendra Kumar Gupta / Mumbai July 21, 2008, 0:00 ISTThe sharp downward swing in market sentiment in the past six months has rendered stock valuations attractive. Here are some stocks experts say will deliver handsome returns. The previous six months has seen stock valuations of domestic companies take a huge knock, thanks to macro headwinds like rising inflation rate, high crude oil prices, input costs pressures, global uncertainties and a weak rupee. The swing in market sentiment has been so rapid and deep, that a majority of market experts and research heads say that "today, fear has taken over the fundamentals". And, this is also a reason that some of the well-known and high growth companies are trading at attractive valuations, with some quoting at below their fair value. But, what does this mean? As rightly put by Warren Buffet, the legendary investor, "Be fearful when others are greedy and…