Wednesday, March 4, 2009

Stocks in Action for the day: Satyam, RIL, Orissa Sponge & Pfizer

Satyam: R1: 40.5, R2: 41.6, R3: 43.3, S1: 38.5, S2: 37.8, S3: 36.6

Satyam: Corporate affairs Minister, PC Gupta says: -Government to complete strategic sale as early as possible -Poll code of conduct not to affect sale -Government will not do away with reserve price in auction -Government could favour technical bids criteria for bid process -Expect order on Maytas in 1-2 days
-Board wants buyers in before open offer ends, approaches SEBI to waive 75-day process:

RIL: R1: 1240, R2: 1284.9, R3: 1317.8, S1: 1163, S2: 1131, S3: 1087

RIL: - Company may sell produce for RPL in domestic market, but will have to do away with SEZ benefits: Company to supply gas to Dabhol at $5.4/unit:

Orissa Sponge: Stock to be in action with open offer

Bhushan Steel: - Company to revise Orissa Sponge open offer price to Rs 342.85/sh ((Rs 330 now)) - Company accused of disclosure violation

Auto Sector to be in action: - Auto Industry experts say March auto sales may not be as good as February. - Maruti likely to launch new variant of Grand Vitara in April-May; to replace existing Vitara: Eicher-Volvo JV cuts bus, truck prices by 2% on lower excise duty:

Pfizer: R1: 526, R2: 541, R3: 557, S1: 494, S2: 478, S3: 463

Pfizer: - Aurobindo Pharma enters into licensing agreement with Pfizer for supply of finished dosage products Pfizer says in talks with other Indian generic drug makers for in-licensing deals


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