Friday, March 13, 2009

Stocks in Action for the day: Satyam, iGate, Tech Mah, RIL, TTML & Dr Reddys

Satyam: R1: 51.2, R2: 55.3, R3: 57.5, S1: 44.6, S2: 42.2, S3: 38.1

Satyam:-iGATE files formal expression of interest in Satyam -iGate may withdraw EOI if information sought on Satyam not provided -Spice Corp registers expression of interest for Satyam: co officials -L&T says have expressed interest in bidding for Satyam -Exclusive: HCL Tech not to put in EOI for Satyam: sources-Exclusive: Accenture has not put in EOI for Satyam: sources -HP, CSC likely to have registered to bid for Satyam: sources -Hindujas opt out of race for Satyam -Board to meet today to look into EOIs submitted by L&T, Spice Corp & Tech Mahindra Tech Mahindra: -Gets permission from M&M, BT to register for Satyam bid-Will not look at PE, Debt route immediately. -Final bid depends on quality of information


RIL: R1: 1225, R2: 1248, R3: 1281, S1: 1168, S2: 1134, S3: 1111

Sources on KG D6 Gas:-RIL in advanced stages to sign gas sale agreements with 12 fertiliser Companies, Dabhol -RIL-fertiliser companies agreements likely within a week -MoPNG, RIL to sort out clarification sought by fert cos on agreements -RIL's gas sale pacts with other power cos likely to be delayed -MoPNG, Power Ministry yet to unveil list of power cos eligible for KG gas -MoPNG may delay release of short listed cos due to elections -Alert: RIL declines to comment on the issue


TTML: R1: 21.1, R2: 22.7, R3: 25.4, S1: 16.9, S2: 14.2, S3: 12.6

TTML:-NTT DoCoMo & Tata Sons open offer for Tata Tele (Maha) undersubscribed -NTT DoCoMo & Tata Sons may have got around 16% of equity via open offer -Alert: NTT DoCoMo open offer closed yesterday


Dr Reddys: R1: 411.5, R2: 424.9, R3: 447.8, S1: 375.2, S2: 352.3, S3: 338.9

Dr Reddys: -US Court says Dr Reddys generic Prilosec does not infringe patent -Dr Reddys gets favourable summary judgement in Prilosec case -Alert: Prilosec is Astrazeneca's blockbuster drug


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