Friday, January 2, 2009

Stocks in Action: Suzlon, ONGC, IOC & GAIL for up while Ranbaxy & Hero Honda for Down

Suzlon for Up: (T1-65.4, T2-68.5, T3-69.7, S1-61, S2-59.8, S3-56.7)
-Ecofin acquires 10% stake in subsidiary Hansen Transmission -Deal Value Not Disclosed; Money To Flow In To 100% Subsidiary AE Rotor Holdings -Stake In Hansen To Fall From 72% To 62%.Suzlon To Use Proceeds For Debt Repayment, REpower Stake Purchase.

Oil & Gas pack in action: ONGC, IOC and GAIL
ONGC (T1-682.4, T2-697.7, T3-705, S1-659, S2-651, S3-636)IOC (T1-435, T2-444, T3-459, S1-411, S2-396.5, S3-387)GAIL: (T1-210, T2-212, T3-215, S1-203, S2-200, S3-197)NEW oil subsidy-sharing policy on cards, upstream cos ONGC, IOC and GAIL will no longer have to share under-recovery burden:

Ranbaxy for Down: (T1-246.9, T2-241.5, T3-237.4, SL-258)Ranbaxy misses deadline to launch Imitrex ((Varinder’s deal street))Cipla pips Ranbaxy in domestic market as a largest player in Jan-Nov period
Hero Honda for down: T1-802,T2-792,T3-784, SL-820Hero Honda Dec 2-Wheeler Sales At 2.15 Lakh Units Vs 2.40 Lakh Units

Stock in News: RIL, Bajaj, Gujarat Alkalies, Jindal Stainless & Alok Ind

RIL Spokesperson Denies Media Reports Of An Out Of Court Settlement
Bajaj Family Settlement:-Shishir Bajaj Withdraws Petition Filed In Company Law Board -Bajaj Grp Stake In Bajaj Hind, Bajaj Consumer Now With Shishir Bajaj -Shishir Bajaj Stake In Other Bajaj Cos Transferred To Bajaj GroupFin Min Asks 3G Reserve Price To Be Doubled To Rs 4,000 Cr: Sources
Gujarat Alkalies investors have blocked co plans to contribute 30% of pre-tax profits to various social projects
Jindal Stainless buys Chrome ore assets in Middle East, Europe
Alok Ind to raise rights issue size by 50% to Rs 450 cr: BS ((board meet tomorrow for approval))

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