Wednesday, July 15, 2009

BOR: Stocks in action for the day: Rallis India, Zenotech, J&K Bank, HPCL

Results today: Cipla (annual nos), IDBI Bank, Bajaj Auto Finance, Bajaj Finserv, CMC, IBN18 Broadcast, IL&FS Investment Managers, Infotech Enterprises, TV18, Dhampur Sugar, Apollo Sindhoori Capital, Hanil Era

ADAG (Anil Dhirubhai Ambani Group) - Exclusive-ADAG to soon invite EOIs (expression of interest) for EPCs for Dadri: Sources-EPC size expected to be Rs 15,000 crore: Srcs-Alert: EPCs for Dadri extended 24 times in past

Zenotech: -Madras HC orders stay on Daiichi's offer for Zenotech
-Alert: Open offer was to open today-Alert: minority shareholders say offer violates SEBI pricing norms

Norwest Venture: -Buys 8.38% stake in Shriram City Union Finance from Merrill Lynch arm-Buys 38.4 lakh shares of Shriram City at Rs 315/share

J&K Bank Q1: -NII up 17.56% from Rs 226.25 crore to Rs 265.99 crore
-Net Profit up 23.73% from Rs 94.56 crore to Rs 117 crore-Other Income up 78.29% from Rs 64.88 crore to Rs 115.68 crore-Provisions at Rs 80.23 crore versus Rs 41.44 crore

Rallis India Q1 YoY: -Revenue down 5% to Rs 166.45 crore versus Rs 175.15 crore-OPM at 11.8% versus 9.7%-PAT at Rs 9.42 crore versus Rs 4.23 crore

DoT (department of telecommunication) for extending Licence period forever ((+ve for Telecom cos))

ATF (Aviation turbine fuel) prices may decline 5-6%

Govt to focus divestment where the stake is 90-100% ((Hindustan Copper, MMTC and NMDC))

HPCL eyes Shell’s NZ unit, management denied any such plans – Agencies

Rishabhdev Technocable board approves ADR/GDR/FCCB issue up to Rs 150 crore

Edserv Softsystems board meet on July 23 on issue of warrants on preferential basis

Teledata Technology to resume trading, no circuit filter today ((after scheme of arrangement))

Board meets: IL&FS Investment Managers on stock split


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