| Newsletter date 15/04/2007 (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 15/04/2007 (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 :-
05/04/2007 Gabriel India Ltd has informed BSE that the Hon'ble High Court of Judicature at Bombay has sanctioned the Scheme of Demerger i.e. Scheme of Arrangement and Restructuring between the Company and Anand Engine Components Ltd and their respective shareholders and creditors under Sections 391 and 394 of the Companies Act, 1956. Accordingly, the Hon'ble High Court has inter alia sanctioned the vesting of the Engine Bearings Division of the Company in Anand Engine components Ltd. The appointed date for the same is April 01, 2006. 09/04/2007 Adhunik Metaliks Ltd has informed BSE that the Company has acquired Orissa Manganese & Minerals Pvt Ltd as 100% subsidiary. 0MM is a Company having mining rights for reserves of 15.00 million tones for manganese ore and 35.00 million tones for iron ore. The Company plans manganese ore mining immediately and iron ore mining within a period of 3-6 months. The above mines do not have captive clause and the manganese ore and iron ore can be sold in the open market to various end users. 09/04/2007 Deep Industries had acquired a service contract from Oil and Natural Gas Corp (ONGC) for development of three onshore marginal fields in Rajasthan. 09/04/2007 Kamdhenu Ispat's board will meet on 14 April 2007 to consider the proposal to raise funds to meet capital expenditure of the company.The proposed funds will be raised by issuing eligible financial instruments like shares, warrants etc. 09/04/2007 Pasari Spinning Mills has bagged an order from Centro Seta, Italy.The order is to supply silk textile to Centro Seta, which is to be executed within one year. 10/04/2007 Cupid Ltd has informed BSE that expansion project to manufacture 80 millions pcs of condoms has been completed & commercial production has started w.e.f. March 01, 2007. The total production capacity has been increased from 160 million pcs p.a. to 240 million p.a. after expansion. 10/04/2007 On 9 April 2007, Mysore Cements' unit in Madhya Pradesh caught fire, which was soon brought under control.There has been no disruption in operation and no injury to person has been reported.The unit was adequately insured. The insurance surveyor are assessing the amount of damage. 10/04/2007 On 6 April 207, Vijay Textiles' board approved to purchase a 17.01 acres of land for Rs 5.10 crore at Rajapoor Village, Mahaboobnagar Dist.The above land will utilised for expanding the wider width fabrics project.The board also accorded to set up third show room at Kukatpally, Hyderabad.Further, the board aproved to allot 52,69,000 equity shares upon conversion of warrants to Susheel Kumar Gupta, Shashikala Gupta. 12/04/2007 Aarvee Denims & Exports Ltd has informed BSE that US$ 20 million Foreign Currency Convertible Bonds allotted by the Company in Board Meeting held on April 10, 2007 have been listed and quoted on the Singapore Stock Exchange w.e.f. April 11, 2007. 12/04/2007 Hindustan Motors today declared `suspension of work' at its Uttarpara plant following complete blockade of ingress and egress of materials, according to a company release. The law and order situation at Uttarpara continues to be disconcerting. As a result, the management was constrained to declare suspension of work, the release said. Meanwhile, Mr Amitava Bhattacharyya, President, Sangrami Shramik Karmachari Union (SSKU), one of the five registered trade unions, said that the management had put up a notice at the factory gate declaring suspension of work. This only strengthens our strike. The management was bringing outsiders who were not employees of Hindustan Motors. We prevented the entry of these outsiders into the factory premises, Mr Bhattacharyya said. Earlier, Ms Soni Shrivastav, General Manager, Corporate Communication, C.K. Birla Group, said: If the blockade of material continues, it will threaten the very existence of the (Uttarpara) unit. 6. MUTUAL FUND'S SCHEME :-
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