Being a leading player in IT and BPO solutions, it is making news these days. Tutis Technologies is the parent company of the Vishal IT, with a 51.51 per cent stake, which is going to tap the primary market. This IPO will unlock the value for the Tutis Technologies, considering the premium, which Vishal IT is demanding from the market. Looking at potential for the value appreciation in the counter, investors, as well as broking firms, are taking interest. On the verge of an IPO, the parent company is expected to gain momentum. The price has moved already from Rs 13.76 to Rs 18 in the last few days. It’s a good bet for short-term risk-takers

Today, Sensex spurted by 850 points as it again came close to 15000 marks that was looking a very distant target only a couple of days ago. The biggest gainers of the market were power stocks as well as the ADA group stocks while banks too maintained the momentum they have shown in past few days.

All the sector indices were up. Volumes were extremely good and the breadth was excellent.

So far the leaders from banking, Power, Realty and Infra have had a very good run up. Even though, it has been discussed that stocks like SBI, Reliance Cap, L&T, Bhel, REL, NTPC and ICICI bank might consolidate. Nifty faces immediate resistance around 4510 and a stronger one around 4570 while support is now at around 4390-4410 and a stronger one around 4335-4350.

During the last few session, the metal sector has performed well in the market despite the gradual fall in the other counters. Being one of the leading players in copper manufacturing the company is catching eyes of investors on the street. According to some market sources, the counter has a lot of potential for appreciation in the price, which is evident from the hefty volume in the market. Top broking firm looking at its prospects, are tracking the counter and have started accumulating the scrip. Again, looking at the technical chart the counter looks a bit attractive, giving room to investors to place a midium to short-term bet.

On 4 July 2008, Tricom India acquired 100% interest in US based Pacific Data Centers, Inc through its subsidiary Tricom Document Management, Inc for $2.25 million.

Tricom India’s net profit rose 13.90% to Rs 5 crore on 15.51% increase in net sales to Rs 12.14 crore in Q4 March 2008 over Q3 December 2007.

The company provides non-voice related information technology enabled services (ITES) – business process outsourcing (BPO) services for global businesses.

Areva T&D India will be a major beneficiary of the Indo-US nuclear deal if the deal fructifies. French giant Areva, which holds 72.18% stake in Areva T&D (as at end march 2008) is best known for its nuclear power plant and transmission interests. It is the only company in the world that has interests in every industry linked to nuclear power - from mining uranium to dismantling old nuclear power plants.

The company’s products and systems serve to transmit and distribute electricity, ensure the reliability, quality and safety of energy flows.

GTL has aroused interest among investors after it declared the results for Q1FY09 and announced a dividend of 30 per cent. The focus of GTL’s business model is on networking business. Anticipating great potential of this counter, brokers are confident it would fetch good returns for investors. A good momentum is on the cards in the near term. This is evident from the high deliverable quantity, with an upward movement in price and hefty volume. The movement on the technical chart also supports the optimism. Investors can take short or medium exposure.

This stock jumped 5% today to Rs 600 on BSE after the company said its board will meet on 29 July 2008 to consider stock-split. So today, you receive one bonus news and this stock split news.

The stock hit a high of Rs 615.70 and a low of Rs 551.50 so far during the day. The stock had a 52-week high of Rs 1,600 on 7 January 2008 and a 52-week low of Rs 550 on 18 July 2008. The company’s current equity is Rs 12.50 crore. Face value per share is Rs 10.

Shipping Corporation India gets Shipping Ministry’s Green Signal to Bonus Issue and rose 0.19% to Rs 207.60 on BSE after the shipping ministry gave its green signal to the company’s proposal to issue one bonus equity share for every two shares held [1:2]. The company announced this during trading hours today, 21 July 2008.

Shipping Corporation India’s board will discuss the bonus issue proposal at a meeting to be held on 26 July 2008. Earlier, the company’s board at its meeting held on 20 May 2008 had approved the proposal to issue bonus shares and decided to forward the proposal to the shipping ministry for its approval.

Tech Mahindra is one of the leading IT companies, providing IT solutions to the telecom industry in India and abroad. After a listless phase, the scrip recently gained momentum. Despite the looming slowdown in the IT sector, it is expected to post a good result in Q1FY09. The broking community is said to be taking interest in the counter, which has business linkages in European countries. This gives it a hedge against the current spell of slowdown in the US market. The recent spurt in volumes, which the counter has witnessed, are likely to continue. Therefore, investors can take exposure in this counter with a short to medium-term.

The talks were clouded by a claim to a right of first refusal on the Indian mobile carrier’s shares by Mukesh, who runs Reliance Industries , India’s largest firm, and who had started dispute proceedings over the issue.

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