Thursday, May 7, 2009

BOR: Stocks in action for the day: Ranbaxy, Kingfisher, Apollo Tyres, Avantel

Ranbaxy: -Ranbaxy arm, German Insurer AOK in 2-year pact for generic drugs
-Ranbaxy arm to supply drugs to German Insurer AOK from June 1

M&M: strike at Nashik plant continues, company considering shifting production to other facilities if required

SBI extends Rs 500 crore loan to Kingfisher

Cement prices set to fall by Rs 20/bag in Mumbai

Avantel buy back at maximum Rs 50/sh ((CMP Rs 41))

Apollo Tyres to buy Dutch firm for $300 mn ((this is known, HT has given acquisition price))

HUL lost market shares to rivals in March ended quarter

Lotte India: Lotte Confectionery Company withdraws commitment to purchase up to 7.4 lakh shares if discovered price is Rs 370 or less
Dabur India open offer for Fem Care opens today
Jet-Sahara case: Court reserves order, to be pronounced on Friday
Tata Communication, Russia's RT Comm in pact for joint data services
Essen Supplement to resume trading, no circuit filter from today
34.5 crore Essar Shipping shares to hit the market ((issued to shareholders of erstwhile India Shipping & Essar Sisco Ship on amalgamation))

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