Archive for June, 2009
GEE recommendes second bonus issue 1:4 after jan 1:5 Issue…
At the time of announcing results, the board of directors of the company recommended a 1:4 bonus. This is the second bonus issue from GEE in 2009. The company had issued a 1:5 bonus in January 2009. On BSE, 18,030 shares were traded in the counter. The stock had an average daily volume of 5,654 [...]
VST Tiller Tractor announces Stock split…
BSE Sensex was up 105.04 points, or 0.71%, 14,869.68 today. This is the second bonus issue from VST Tiller Tractors (the company is engaged in the manufacture of power tillers, tractors and diesel engines). The company had issued a 1:2 bonus in October 1998.
VST Tiller Trcators On BSE, 69,472 shares were traded in the counter. [...]
Dena Bank - 10% Upside in 3 months
Investment rationale
Branch distribution in rich belts helps CASA accumulation
For FY09, CASA for the bank stood at 36%. This is still one of the best in the small PSU banking universe. The major reason for such a consistently high CASA ratio is that majority of its branches are located in the western region especially in Gujarat [...]
Adani Power ltd(APL) to hit market with IPO in July…
Adani Power Ltd (APL) is likely to hit the capital market in the third week of July to collect over Rs 2,000 crore, depending on the price band, to part-fund its projects.
APL proposes to offer 33.77 crore shares, out of a total of 228 crore, with a face value of Rs 10 a share, [...]
Mahindra Holidays & Resorts IPO subscribed 100% on final day…
The initial public offer of Mahindra Holidays & Resorts, through which it is expecting to raise up to Rs 301 crore, got fully subscribed on the final day of offer on Friday. It was subscribed 20% on day one, 40% on day two & 100% on final day.
The IPO of the hotel chain arm of [...]
Mahindra Holidays IPO subscribed 40% second day of issue…
Mahindra Holidays & Resorts initial public offer (IPO) got subscribed 40 per cent on the second day of its issue on Wednesday with most of the bids coming in from institutional investors.
The issue received bids for 37.21 lakh shares, representing 0.40 times of the shares on offer, as per data available with the National [...]
Mahindra Holidays & Resort IPo subscribed 20%..
Mahindra Holidays & Resort IPO subscribed 20% on the debut date & it seems to be subscribed 40-45% on the second day. Let’s wait & see the subscription till 26th June its closing day.
· The issue received bids for 18.75 lakh shares, representing 0.20 times of the shares on offer, as per data available with [...]
Mahindra Holidays & Resorts IPO may boost primary market…
Mahindra Holidays & Resort IPO subscription seems to have good response. Let’s wait & see the subscription till 26th June its closing day.
· Ending a four-month long lull in the domestic IPO segment, Mahindra Holidays & Resorts is set to come out with an initial Public offering yesterday, which analysts feel could signal a revival [...]
Sensex may hit 18000….
It seems Sensex could go up to 18,000 and then slip into a trading range between 15,000 and 16,000. The benchmark index won’t hit 18,000 in a straight run.
If the Nifty breaks 4600 decisively and holds for a week or so, it could hit 5500-5600. The markets would consolidate between 4,000-5,000 for three-four years.
The correction [...]
Zyden Gentec Ltd consider stock split
Zyden Gentec Ltd has informed BSE on Monday that a meeting of the board of directors of the company will be held on June 27, to consider and take on record audited financial results for the quarter/ year ending March 31, 2009.
It will also consider and approve the stock split of equity shares.
