Sensex

Tuesday, March 09, 2010

Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Buy Calls - Escorts - 33% Gain Potential

Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Buy Calls - Escorts - 33% Gain Potential


Buy Calls - Escorts - 33% Gain Potential

Posted: 09 Mar 2010 04:04 PM PST

Escorts CMP: Rs 147 Target: Rs 195 (33%) Investment: 12 months Escorts has emerged leaner and stronger post its restructuring exercise, wherein it has exited unprofitable businesses and used the sale proceeds to reduce its debt burden from Rs8.8bn in FY05 to Rs4bn (gearing at 0.3x as of FY09). Core business segments (agri machinery, construction equipment and engineering equipment) [...]

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Record date - India Securities Stock Split

Posted: 09 Mar 2010 04:00 PM PST

India Securities has fixed 13 March 2010 as the record date for subdivision of 1 fully paid up equity share of Rs. 10 each into 10 fully paid up equity shares of Re. 1 each.

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NMDC FPO Priced at Rs 300-350 a share

Posted: 09 Mar 2010 03:59 PM PST

The government on Tuesday said it has fixed the price band of NMDC FPO at Rs 300-350 a share, a hefty discount of 25 per cent from its last closing of Rs 400 a piece on the BSE, to attract retail investors. Analysts said the government has offered attractive discount, apparently not wanting the risk its [...]

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Tatia Global Venture Stock Split

Posted: 09 Mar 2010 03:54 PM PST

Tatia Global Venture was locked at 5% upper limit at Rs 110.55 at 14:49 IST on BSE, after the company’s board approved a 10-for-1 stock split. The stock hit a high of Rs 110.55 so far during the day, which is a record high for the counter. The stock hit a low of Rs 100.05 [...]

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Indo Asian Finance Bonus Issue Approved

Posted: 09 Mar 2010 03:49 PM PST

The members of Indo Asian Finance have approved the issue of bonus shares at the rate of 2 shares for every share (2:1). Further, the members have approved to increase the authorised capital from Rs. 3.75 crore to Rs. 15.51 crore. This was approved at the extraordinary general meeting held on 09 March 2010.

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Record date - Well Pack Papers & Containers Bonus Issue & Stock Split

Posted: 09 Mar 2010 03:37 PM PST

Well Pack Papers & Containers has fixed 17 March 2010 as the record date for subdivision of the equity shares of the company from Rs. 10 each into Re. 1 per equity share and also for issue of bonus equity shares in the proportion of 3 equity shares for every 4 existing equity shares [...]

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