Newsletter date 08/04/2007 (10paisa.com) | ||||||||||||||||||||||||||||||||||||
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Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. |
Newsletter dated 08/04/2007 (midcaps.in) | ||||||||||||||||||||||||||||||||||||
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Target rates are expected in three months frame of time, but we recommend you that whenever any scrip touches its target rate, you must dispose of all shares or in parts(If you have invested in that scrip),so that you may be able to invest those funds in other scrips recommended in further newsletters. 1. FORTHCOMING I.P.O.'s :-
Rating :- *** Very Good ** Good * Normal 2. SECTORS TO WATCH :-
3. STOCK IN FUTURES :-
NOTE :- Due to highly volatile market, we are not recommending stock in FUTURES this week.
30/03/2007 Nikhil Adhesives has announced the commencement of the commerical production of the new plant with the production capacity of 6,000 tons of emulsions and adhesives at Silvassa from 27 March 2007. 30/03/2007 Reliance Natural Resources Ltd has informed BSE that the Committee of Directors (CoD) of the Company vide circular resolution dated March 29, 2007, has allotted 13,00,00,000 equity shares of Rs 5 each for cash at a price of Rs 25.65 (including a premium of Rs 20.65) per Share to AAA Power Systems (Global) Pvt Ltd, against the outstanding warrants issued on April 28, 2006. These Shares will be subject to lock in up to April 27, 2009. Consequent upon the said allotment, the paid-up Capital of the Company stands increased to 147,31,30,422 fully paid up equity shares of Rs 5 each. 31/03/2007 With a view to breaking the impasse arising out of continuing agitation by a section of the workers at the Hindustan Motors (HM) Uttarpara plant, the company management has invited all five registered trade unions for talks on April 8, 2007. This was stated here by Ms Soni Shrivastav, General Manager, Corporate Communications, C.K. Birla Group of Companies.The five registered trade unions invited for talks are Hindustan Motors and Hyderabad Industries Workers' Union, Hindustan Motors and Hyderabad Industries Sangrami Srameek Karmachari Union, Hindustan Motors & Hyderabad Industries Ltd Employees Union, Hindustan Motors & Hyderabad Industries Ltd Sangrami Srameek Union and Hindustan Motors IFT Union. Meanwhile, 2,000 workers attended work at the factory on Friday against 1,500 on Thursday.There were no major disruptions, Ms Srivastav said. 03/04/2007 Dabur Pharma today said it has completed transfer of its non-oncology formulations division to Alembic. 03/04/2007 Eveready Industries today said commercial product has started at its battery manufacturing unit at Uttaranchal, effective April 02, 2007. 03/04/2007 The promoter group Murugappa Group has raised its stake in Tube Investments of India. It acquired 12.5 lakh shares of the company through open market purchases on 15 March, thereby raising the stake. It now holds 45.31% stake in the company. 03/04/2007 Srei Infrastructure Finance has increased its benchmark rate by 150 basis points to 13 per cent. A press release issued by the company has quoted Mr Hemant Kanoria, Vice-Chairman and Managing Director, referring to the rising interest rate scenario in the country. According to him, the increase in the benchmark rate is not likely to affect the momentum of growth, which is visible from the growing disbursement volumes. 04/04/2007 Ashok Leyland's vehicle sales in March 2007 fell 1.6% to 8,444 units from 8,577 a year earlier. Domestic sales dropped 1.9% to 7,936 units from 8,087. Exports rose to 508 units from 490 a year earlier. 04/04/2007 Assambrook has issued and allotted 2.25 lakh equity shares of Rs 10 each of the company at a price of Rs 28 per equity share to the warrant holders upon exercise of rights to convert warrant into shares. 04/04/2007 Uttam Galva Steels Ltd has informed BSE that the Global Depository Receipts (GDRs) of USD 20 million has been successfully subscribed out of USD 30 million Global Depository Receipts (GDRs) (10 million Green Shoe Option) to be listed on Singapore Stock Exchange shortly. The Company have issued 2,18,57,924 GDR at an offer price of USD 0.915 per GDR each representing 1 Equity Share of Rs 10/- each. Subsequently, the Company has allotted 2,18,57,924 underlying Equity Shares of Rs 10/- each in favour of the Depository i.e. JP Morgan Chase Rank at the meeting of the Board of Directors of the Company held on March 29,2007. 6. MUTUAL FUND'S SCHEME :-
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