Thursday, February 19, 2009

BOR: Stocks In Action for the day: ABG Ship, Bharati Ship, Suzlon, Satyam, ICICI Bank & SpiceJet

ABG Ship: R1: 84.6, R2: 87.7, R3: 91, S1: 78.2, S2: 74.9, S3: 71.8

Bharati Ship: R1: 62.1, R2: 64.3, R3: 65.6, S1: 58.2, S2: 57.3, S3: 55.1

Govt set to review subsidy scheme for shipbuilding companies, but subsidy comes with few riders – ((companies like ABG, Bharti and Pipava to benefit)).

Suzlon: R1: 42.7, R2: 43.7, R3: 45, S1: 40.4, S2: 39.1, S3: 38.1

Suzlon subsidiary REpower wins 1,250 MW contract from RWE worth 2 bn Euros

Spicejet: R1: 15.7, R2: 16.6, R3: 17.4, S1: 14, S2: 13.2, S3: 12.3

SpiceJet: -Open to selling stake to foreign airlines if regulations permit. -Says market share increased from 8% to 11.8%; current fares sustainable.

Zenotech: R1: 90.4, R2: 91.6, R3: 93.2, S1: 87.6, S2: 86, S3: 84.8

Zenotech: -Minority shareholder files writ petition in Madras HC against SEBI, Ranbaxy & Daiichi Sankyo -ICICI Sec says cos demand for higher offer price of Rs 160/sh misconceived & legally untenable

Satyam: R1: 50, R2: 51.3, R3: 52.5, S1: 47.5, S2: 46.5, S3: 45

Satyam update: -CBI says got notification from government to take over Satyam case from Andhra CID -Board proposes to increase authorized share cap to Rs 120 cr:
Board plans to make preferential allotment of equity shares: PTI -Satyam sees sabotage by top officials.

Chandrababu Naidu says: -AP government delayed CBI probe into Satyam by 30 days. Allotment of Hyderabad Metro to Maytas is a Rs 10,000 crore scam -Maytas Infra says will contest petition on February 24 before company law board -IFCI recovers Maytas dues, ICICI Bank takes Rs 95 crore hit

Industry News: Industry Sources say: Industry Secretary says January-February IIP figures look better than expected.

PSU Banks In Action: RBI governor Subbarao hints at further rate cuts

Senior team of JM Asset Management including Sabrawal likely to quit, management denies.


allvoices

No comments: