The Hindu Business Line : Tuesday, April 11, 2006

Solvay Pharma: Betting on vaccine
Strong performance of a new vaccine for influenza and talk of bonus issue are understood to be driving Solvay Pharma. Expectation of a large acquisition is also in the air. The stock moved up by over five per cent to close at Rs 567 on the ... More

Value buy seen in Vardhaman Ind
Some value pickers appear to have zeroed in on Vardhman Industries for its low market capitalisation (only around Rs 30 crore) vis-à-vis its performance (05-06 expected turnover is Rs 300 crore plus). With the steel sector back in the ... More

Tata Chem up on bonus issue talk
Market buzz in the Tata Chemicals counter on Monday centered round the possibility of a rich bonus harvest for investors. Though there is no official word yet on issue of any bonus share, grapevine has it that a very "favourable" ratio is being ... More

Fidelity buys HCL Info shares
Fidelity International has said that funds under the management of FMR Corp and its subsidiaries and Fidelity International Ltd and subsidiaries have acquired 5,17,576 shares aggregating to 0.31 per cent of the total share ... More

Citigroup picks up SB&T Intl shares
Foreign fund Citigroup Global Markets have bought over 3.43 lakh shares of jewellery maker SB&T International in the last two trading sessions. After buying 1.10 lakh shares at Rs 57.92 a share on Friday, the FII bought another 2.33 lakh ... More

Visu Intl plans GDR issue to raise Rs 15 crore
Visu International is planning to issue GDRs worth around Rs 15 crore. The company's Chairman, Mr C. Chandrasekhar Reddy, told Business Line that the issue is being considered to part finance its expansion plans. It has planned to ... More

TECHNICAL ANALYSIS

Bull domination
Bulls dominated over Monday's trading activity. The sentiment reading of the tradable counters remains neutral. Bear domination on Tuesday is likely to turn the sentiment reading in its favour. Nifty Futures Recommendation: The April ... More

STOCK MARKETS

PN most preferred route for FII investments
Foreign portfolio investments through participatory notes (PNs) are on the increase. Investments through the PN route now account for more than 52 per cent of the total outstanding FII investments against 40 per cent a year ago. This means ... More

FOREIGN INSTITUTIONAL INVESTORS

FIIs' stake in Hexaware Tech rises to 41.75 pc
Public shareholding decreases to 12.21 per cent More

ICSA allots equity shares
ICSA India Ltd has informed BSE that the company today allotted 6,00,000 equity shares of Rs 10 each fully paid up, on conversion of Fully Convertible Warrants. Out of this, 4,00,000 equity shares were allotted to Sonata ... More

COMMENTARY

Sensex ends in positive after wild swings
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IPOS

Uttam Sugar debuts at premium
Uttam Sugar Mills Ltd's shares were listed on BSE at a premium of 11.76 per cent at Rs 380, compared with the issue price of Rs 340 per share. On NSE, the shares were listed at Rs 379.70. The shares hit the day's high of Rs 453 on both the ... More

Hindalco's Australian subsidiary to go for public issue
Aditya Birla Minerals plans to raise A$299 million More

Shivalik Global gains 39% on listing day
Shares of Shivalik Global Ltd, a vertically integrated textile company, was listed on the BSE on Monday, at a premium of over 16 per cent at Rs 70, compared to the issue price of Rs 60. On the NSE, the shares were listed at Rs 72, a premium of 20 ... More

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