Monday, January 5, 2009

Stocks in Action: Satyam, Kingfisher Air, BHEL, BPCL while M&M & IOC for down

Satyam for up: R1-185 R2 191 R3 196 S1 171
HCL I-Bankers looking at structures if a deal with Satyam possible: Sources. Satyam investors urge merger; HCL, Mindtree in fray.
RCom for up: R1-255 R2 260 R3 264 S1 245
Reliance Communication rolls out GSM service in Mumbai, offers one-time subscription charge of Rs 25
Kingfisher Air for Up: R1-45.5 R2 47 R3 49.2 S1 41
Kingfisher cuts fares by 21-65% on various routes from January 1& Kingfisher launches Mumbai-London flight today.
HPCL, BPCL, for Up:
HPCL: R1-274 R2 283 R3 289 S1 260
BPCL: R1-368 R2 373 R3 377 S1 359
Govt likely to provide additional Rs 30,000 crore bond issue to bail out HPCL, BPCL,
IOC for Down: T1-422 T2 413 T3 406 S1 438
S&P downgrades IOC’s foreign currency rating from BBB- to BB+ with stable outlook
M&M for down: R1-295 R2 302 R3 311 S1 279
M&M Dec Sales (YoY): -Total sales (excluding Tractors) down 30% to 10,665 Units. -Tractor sales down 27% to 5,079 Units versus 6,962 Units

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