Tuesday, February 3, 2009

Stocks in action for the day: L&T, Satyam, Parsvnath, Educomp & Essar Oil while cement counter to be in action on the back of good sales dispatch num.

Stocks in action for the day: L&T, Satyam, Parsvnath, Educomp & Essar Oil while cement counter to be in action on the back of good sales dispatch numbers. Maruti for UP whileTata motors & M&M under pressure

Satyam: R1-61.3, R2-65, R3-70.7; S1-52, S2-46, S3-42.3

SEBI Chairman On Satyam: -Have Received Request From Satyam Board On Open Offer Norms -Satyam Board Says Co's Share Price Before Jan 7 Not Valid -SEBI Recognizes Special Situation Of Satyam -Working Out Transparent Mechanism To Arrive At Valid Open Offer Price -No Timeframe For Amendments; Aware Of Urgency For Satyam

L&T: Sources Say: -L&T likely to up stake in Satyam beyond 15%: Satyam Stake Hike Subject To SEBI Open Offer Relaxation: -L&T Likely To Make Open Offer If SEBI Relaxes Open Offer Norms: -L&T Likely To Counter Bid If Rival Parties Put In Formal Bid: -L&T Likely To Make Formal Offer To Satyam Board Post SEBI Announcement: Sources

Essar Oil:R1-74.8, R2-77.8, R3-80; S1-69.5, S2-67, S3-64

Essar Oil refinery expansion delayed by a year

Parsvnath: R1-39.9, R2-41.9, R3-43.9; S1-36, S2-34, S3-32

Parsvnath pledges 10% equity with financial institutions for loans in different projects

Maruti: R1-583, R2-600, R3-613; S1-570, S2-553, S3-540

Maruti bucks trend with highest ever car sales in Jan. Sales increased by 5% yoy.

Tata Motors: R1-151, R2-160, R3-173; S1-129, S2-116, S3-107

Tata Motors Jan Sales: -Domestic Sales At 35,704 Units. -Commercial Vehicles Sales At 17,373 Units Vs 30,530 Units. -Passenger Vehicles Sales At 18,331 Units Vs 20,119 Units. -Jan Exports down 70% At 1,227 Units

M&M: R1-299, R2-308, R3-314; S1-284, S2-278, S3-269

M&M Jan Sales: -Total Vehicles Sales (Excl Tractors) At 17,611 Units Vs 22,309 Units
-Total Tractor Sales At 6,931 Units Vs 8,053 Units -Total UV Sales At 13,397 Units Vs 15,071 Units

Stocks in News: Ambuja Cements, ACC

Government sources say MCA orders investigation into Educomp books. Educomp Says Have Not Received Any Communication From Govt

IL&FS Fund buys 15% in Akruti SPV for Rs 200 cr

Ambuja Cements Jan Sales At 1.63 mt Vs 1.55 mt (YoY)

ACC Jan cement sales up 12.5% to 1.89 mt vs 1.68 mt

Aditya Birla Group Jan cement dispatches up 7.35% to 3 mt

Firstsource likely to miss FY09 operating margin target of 10-10.5%

Sun TV says not interested in acquiring stake in Pyramid Saimira


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