Author Archive
Record Date – Munjal Auto Industries Stock Split
Munjal Auto Industries Ltd has informed BSE that the Board of Directors of the Company has approved December 30, 2011 as a ”Record Date” for the Subdivision of Shares (stock split) for the purpose of ascertaining the eligibility of the shareholders/beneficial owners of the Company who would be entitled to 5 (Five) equity shares of [...]
Buy Call – IPCA Laboratories
We recommend a buy in the stock of IPCA Laboratories from a short-term perspective. It is evident from the charts of the stock that following a medium-term downtrend from the key resistance level of Rs 350, encountered in June, the stock found support at Rs 230 in October. The range between Rs 230 and Rs [...]
Monnet Ispat board confirms buy back
The board of directors of Monnet Ispat approved company’s proposal on Thursday to go for a buyback shares worth Rs 100 crore from the open market at a price not exceeding Rs 500 each. Monnet Ispat scrip touched an intra-day high of Rs 380 on the BSE before closing at Rs 364.65, a gain 1.50 [...]
Short Term Buy Call – Patel Engineering
We recommend a buy in the stock of Patel Engineering from a short-term perspective. It is evident from the charts of the stock that it has been on a long-term downtrend from its September 2009 peak of Rs 526. Medium-term trend is also down for the stock. However, its short-term trend is reversing up. After [...]
Nuziveedu Seeds IPO Updates
The world’s third-largest producer of cotton seed had revenue of more than Rs. 6bn last year, according to its website. Nuziveedu Seeds has reportedly chosen five investment banks for its proposed initial public offering (IPO) that may raise up to Rs. 8bn. The Andhra Pradesh-based company has selected Goldman Sachs, IDFC Capital, Enam Securities, JM [...]
Record Date – Sezal Glass Stock Split
Sezal Glass has fixed 22 October 2010 as the record date for the purpose of sub-division of existing equity shares of the company from each 1 equity share of Rs. 10 each into 10 equity shares of Re. 1 each.
Record Date – Maximaa Systems Stock Split
Maximaa Systems has fixed 08 November 2011 as the record date for the purpose of sub-division of face value of equity shares from Rs 10 per share of the company into the shares of Rs 2 each.
