Tuesday, March 3, 2009

Stocks in Action for the day: Satyam, Tata Motors, Kalindee Rail, cement counter to be eyed & Rane Brake Lining

Satyam: R1:42.2, R2:44.1, R3:45.7, S1:38.7, S2:37.1, S3:35.2
Satyam: - Sources say Satyam board sent sale proposal to SEBI on Friday
- LIC drops Satyam from list of key vendors.

Tata Motors:
R1:151, R2:158, R3:162, S1:141, S2:137, S3:130.7
Tata Motors:- Domestic sales up 19% at 42,493 units (MoM); down 15% (YoY)
- CV sales at 23,454 units; highest since September 2008- Passenger car sales up 15% at 15,524 units (MoM)- Company planning to sell stake in Tata Tech to raise around $100 million- Ballot for agreement between JLR and unions to cut costs delayed by a week

Kalindee Rail:
R1:89.8, R2:92.1, R3:94.9, S1:84.7, S2:81.9, S3:79.6
L&T ups stake in Kalindee Rail to 14.5%

Ambuja Cements:
R1:65.5, R2:67.8, R3:70.3, S1:60.7, S2:58.2, S3:55.9
ACC: R1:534.6, R2:544, R3:554, S1:515.2, S2:505.7, S3:495.8
Cement sales numbers: AV Birla February cement sales up 10.1% at 2.92 million tonnes (YoY) Ambuja Cements February cement dispatches up 11% to 16.49 mt versus 14.82 mt ACC February cement sales up 3.5% to 1.75 mt versus 1.69 mt

SBI cuts deposit rates by 40-50 bps for few maturities effective March 9; peak rate cut from 9% to 8.5%

Bombay Dyeing promoters let 19.3 lakh warrants lapse

L&T ups stake in Kalindee Rail to 14.5%

Aegis (BPO arm of Essar) buys US based co for $127million

Rane Brake Lining open offer at Rs 50/sh (CMP Rs 35.75/sh)

Glenmark, Apollo Tyres, Mundra Port & SEZ to attract 20% circuit from today ((Yesterday, Apollo was up 35%, previously Glenmark fell over 20% in a single day))

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