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Archive for September, 2011

Record Date – Monsanto India Bonus Issue

Monsanto India has fixed 08 October 2011 as the record date for the purpose of bonus issue of equity share in the ratio of 1:1.


Record Date – Bhoruka Aluminium Bonus Issue

Bhoruka Aluminium has fixed 14 October 2011 as the record date for the purpose of issue of bonus shares in the proportion of 1 new fully paid up equity shares of Rs 10 each for every 1 equity shares of Rs 10 each.


Short Term Buy Recommendation – Sasken Communication Technologies

We recommend a buy in the stock of Sasken Communication Technologies from a short-term perspective. It is seen from the charts of the stock that since last October’s peak of Rs 237, it has been trending downwards. In early July this year, the stock encountered resistance at around Rs 150 and fell steeply resuming its […]


ING Vysya Bank – Short Term Buy Recommendation

We recommend a buy in the stock of ING Vysya Bank from a short-term perspective. After retracing 50 per cent Fibonacci retracement of its prior up move from March 2009 low of Rs 103 to November 2010 peak of Rs 443, the stock found support in the band between Rs 275 and Rs 285 on […]


Cummins India allots bonus shares

Cummins India allots bonus shares On 26 September 2011 The committee of Cummins India in its meeting on 26 September 2011 has allotted 79,200,000 bonus equity shares of 2 each in ratio of 2:5 i.e. 2 bonus equity shares for every 5 existing equity shares held to the eligible members whose names appeared on the […]


Best Eastern Hotels Stock Split Approved

The board of Best Eastern Hotels in its meeting on 08 August 2011 has approved the sub-division of each of the equity shares of nominal value of Rs. 10 each into 5 equity shares of Rs. 2 each, subject to approval of members and other approval, if any. Further, pursuant to the sub-division of the […]


Record Date – Carborundum Universal Stock Split

Carborundum Universal Ltd has informed BSE that the Company has fixed October 07, 2011 as the Record Date for the purpose of Subdivision of Shares from face value of Rs. 2/- each to face value of Re. 1/- each.