Archive for June, 2010
Zenith Birla Bonus Issue
Zenith Birla (India) jumped almost 16% to Rs 28 after the company’s board declared a 1:5 bonus issue to commemorate Golden Jubilee year of the company. The company’s equity capital is Rs 108.10 crore. Face value per share is Rs 10. Zenith Birla (India)’s board also recommended a final dividend of Rs 2 per share [...]
Reliance Communications Shareholders Get Free Shares of Merged Entity with GTL Infra
The country’s second-largest wireless carrier, Reliance Communications (RCOM), on Sunday hived off its tower business to GTL Infrastructure for Rs 50,000 crore ($11 billion). The RCOM-GTL deal does not include the optic fibre network of over 200,000 km and related assets owned by Rel Infratel, which is to remain under RCOMs ownership. As part of [...]
Stock Market Calendar – 28-Jun-2010
Abirami Financial Services (India) Ltd. AGM 28/06/2010 Aditya Birla Money Ltd. AGM 28/06/2010 AML Steel Ltd. Board Meeting : Audited Results Apollo Finvest (India) Ltd. Board Meeting : Audited Results & Delisting of Shares Aqua Logistics Ltd. Board Meeting : Stock split & Others Empee Sugars and Chemicals Ltd. AGM 28/06/2010 Gamma Infoway Exalt Ltd. [...]
Buy Recommendation – NHPC
Investors with a three-year horizon can consider buying the stock of NHPC, the largest hydropower generator. The stock is trading at reasonable valuations even as earnings are expected to grow at a strong pace over the next four years, thanks to higher capacity additions. The company proposes to add 4,292 MW amounting to 83 per [...]
Avoid Suzlon Energy Rights Issue
Shareholders can refrain from applying to the rights offer made by Suzlon Energy, as the additional capital from the rights is unlikely to be earnings-accretive in the medium-term. The offer’s primary objective is to discharge certain loans availed of by the company from the promoter group. The rights offer, together with any FCCB conversion in [...]
Stock Market Calendar – 26-Jun-2010
Bank of Baroda Book closure date from : 26/06/2010 to : 05/07/2010 Dividend : 150.00% DPSC Ltd. AGM 26/06/2010 – 10% Dividend Emergent Energy and Services Ltd. Board Meeting : Raising of funds by issue of Securities Emmessar Biotech & Nutrition Ltd. AGM 26/06/2010 Galada Power & Telecommunications Ltd. Board Meeting : Audited Results Golechha [...]
Stock Market Calendar – 25-Jun-2010
Agarwal Holdings Ltd. AGM 25/06/2010 Assam Company (India) Ltd. AGM 25/06/2010 – Rs.0.20 per share(20%)Dividend Atul Auto Ltd. Board Meeting : Right Issue of Equity Shares Bharat Bijlee Ltd. AGM 25/06/2010 – Rs.25.00 per share(250%)Dividend Bharat Electronics Ltd. Board Meeting : Audited Results & Final Dividend Binani Cement Ltd. AGM 25/06/2010 – 35% Dividend Binani [...]
