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

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• Buy Calls - Escorts - 33% Gain Potential
• Record date - India Securities Stock Split
• NMDC FPO Priced at Rs 300-350 a share
• Tatia Global Venture Stock Split
• Indo Asian Finance Bonus Issue Approved
• Record date - Well Pack Papers & Containers Bonus Issue & Stock Split

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) [...] Read More...

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. Read More...

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 [...] Read More...

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 [...] Read More...

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. Read More...

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 [...] Read More...

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