The Hindu Business Line : Wednesday, March 22, 2006

Holcim not to revise open offer price for Gujarat Ambuja
Holcim's open offer price for Gujarat Ambuja Cements Ltd (GACL) will not be revised, said managers to the offer, keen to scotch rumours of a revision following GACL's rise on the bourses this month. Early this month, the GACL scrip crossed the ... More

MUTUAL FUNDS

Fidelity Equity Fund to pay 20% dividend
Fidelity Equity Fund has announced a 20-per cent dividend, the record date for which is March 22. This will be the fund's first payout, roughly a year after its launch. Its NAV, now marginally above Rs 17, will reduce in line with the amount of ... More

STOCKS

Gujarat Gas up after analysts' meet
Gujarat Gas Co moved up on buying by foreign and domestic institutions, dealers said. They said the company, which held an analysts' meet in Mumbai on Tuesday, was looking good, going by the plans lined up for the future. Foreign fund Aberdeen ... More

TECHNICAL ANALYSIS

Volatile movement
Tuesday's trading witnessed volatile movements. The sentiment reading of the tradable counters changed to neutral. Bull domination on Wednesday is likely to change the sentiment reading into bullish. Nifty futures recommendation: The ... More

FINANCIAL MARKETS

Maharashtra scraps stamp duty on non-local brokers
Transactions relating to sale and purchase of shares More

STOCK MARKETS

MTNL gains on accumulation mode
Mahanagar Telephone Nigam Ltd (MTNL) continues to attract attention with dealers attributing it to "accumulation" by funds. As against an average volume of 18 lakh shares on the BSE, the MTNL counter now witnesses 40-lakh turnover, they point ... More

Low returns post-IPO scaring away investors
Trading in recently listed scrips is marked by high volumes More

Value buying props up JK Lakshmi Cement
Analysts feel the stock is under-priced against its m-cap More

Andhra Cements active on JP Morgan plans
J P Morgan's proposal to invest in Andhra Cements has spurred volumes in the company's stock. On Tuesday, the stock saw trading in 3.4 lakh shares, leading to a day's high of Rs 39.50, a three per cent-plus gain over the previous close. The ... More

Bata India jumps on realty play
Bata India Ltd touched its 52-week high on Tuesday on the company's decision to develop its real estate at Batanagar in Kolkata. The shares closed at Rs 219.15, up 12.36 per cent, from Monday's Rs 195.05 (BSE). The counter also saw substantial ... More

FOREIGN INSTITUTIONAL INVESTORS

Sabre, Abraaj set up $250-m fund for Indian investments
Sabre Capital Worldwide Group has set up a private equity fund in partnership with a Dubai-based private equity firm, Abraaj Capital. The Sabre Abraaj Private Equity Fund will initially have a corpus in excess of $250 million and will primarily ... More

EVENTS

Sensex strolls past 11,000 points
The overriding bullishness of the Indian stock market got another shot-in-the-arm with the Sensex touching the 11,000 mark today. BSE's 30-stock benchmark index touched its highest ever of 11,017.25 today. The Sensex made its journey from ... More

COMMENTARY

Markets fall off the highs; IT stocks lose sheen
More

IPOS

Nitco Tiles lists at 2% premium on BSE
Shares of Nitco Tiles Ltd were listed on the BSE today at Rs 172, at a premium of 2.38 per cent compared to the issue price of Rs 168. On the NSE, the shares made its debut at Rs 180, a premium of 7.12 per cent from the issue price. The share ... More

Godawari Power fixes IPO price at Rs 70-81
Godawari Power and Ispat Ltd, formerly, Ispat Godawari Ltd, is entering the capital market with a public issue of 86,95,000 equity shares of Rs10 each through 100 per cent book building process. The subscription opens on March 28 and closes on ... More

Tantia Constructions IPO soon
Tantia Constructions Ltd (TCL), an infrastructure company based in Kolkata, is coming out with an IPO of 42,50,000 equity shares of Rs 10 each through 100 per cent book building process. The issue opens on March 27 and closes on March 31, with ... More

INVESTOR PROTECTION

Investors' awareness meet
The Mangalore chapter of the Institute of Company Secretaries of India (ICSI) conducted an investors' awareness meet here recently. A press release by the ICSI Mangalore chapter said here on Tuesday that nearly 200 investors ... More

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