Wednesday, April 15, 2009

BOR: Stocks in Action for the day: Sterlite, Satyam, Bharti, Pantaloon, Tata Motors, CMC & Telecom: In focus

· Sterlite: R1: 433.5, R2: 443.8, R3: 458.3, S1: 408.4, S2: 393.6, S3: 383.3

Sterlite: -Grupo Mexico makes counter bid for Asarco, offers $1.3 billion in cash
-Alert: Sterlite had offered $1.7 billion of which $1.1 billion was cash


· Satyam: R1: 54.1, R2: 59.5, R3: 62.9, S1: 45.3, S2: 41.9, S3: 36.5

Satyam: -Satyam files application to delist ADS from Euronext Amsterdam -Alert: Satyam board to approach CLB today


· Wockhardt: R1: 86.7, R2: 89.1, R3: 91.7, S1: 81.7, S2: 79.1, S3: 76.7

Wockhardt - -Wockhardt looking to sell FCCBs worth $110 million to new investors
-FCCBs redeemable in October, Wockhardt may be unable to pay up


· Pantaloon: R1: 202, R2: 219, R3: 230, S1: 173, S2: 162.4, S3: 145.2

Pantaloon Retail Board Approves: -Issue of 1.1 crore shares at Rs 183/share aggregating Rs 201.3 crore to promoters -Issue of 41 lakh shares at Rs 183/share aggregating Rs 75 crore to Dharmyug Investments -Issue of 50 lakh warrants at Rs 183/share aggregating Rs 91.5 crore to promoters -Sale / transfer of retail and fashion divisions to wholly owned subsidiaries -Cancellation of 1.26 crore warrants on non-conversion.


· Telecom: In focus

-Idea adds 15 lakh GSM users in March

-Bharti adds 28 lakh GSM users in March Vs 27.3 lakh in Feb

-MTNL adds 92,097 GSM users in March Vs 80,772 in Feb


· Tata Motors: R1: 264.8, R2: 277, R3: 295, S1: 234, S2: 216, S3: 203.6

Tata Motors: Exclusive: Nano production has resumed after a temporary halt: Sources
Tata Motors buys back bonds worth $17 million at nearly 50% discount


· CMC: R1: 390.6, R2: 400.8, R3: 410, S1: 370.6, S2: 360.8, S3: 350.6

CMC 2009 consolidated (YoY): -Net sales at Rs 939.8 crore versus Rs 1,064.7 crore -Net profit at Rs 116.2 crore versus Rs 92.3 crore CMC Q4 Consolidated -Net Sales: Rs 240.1 crore versus Rs 261 crore -Operating Profit: Rs 41.9 crore versus Rs 29.7 crore -Net Profit: Rs 38.4 crore versus Rs 24 crore -Raw Material Cost down from Rs 94.6 crore to Rs 53.9 crore


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