Thursday, June 18, 2009

Corporate News

Ministry of Petroleum and Natural Gas has directed Reliance Industries to make additional allocation of natural gas from its KG Basin field to nine power companies. (BS)

TCS aims to prune its selling, general and marketing expenses to 19% of its total earnings. (BL)

NTPC, Reliance Industries case hearing on July 8th 2009. (BL)

Infosys has bagged a US$10mn deal from Microsoft. (ET)

HDFC and HDFC Bank are set to cut interest rates on term deposits by up to 25bps. (ET)

Hindalco is close to acquiring a coal mine in Australia for US$70-80mn. (ET)

M&M is betting its diesel pick up trucks to beat the Chinese competition in US markets. (BS)

ONGC - Mittal
to spend US$150mn in Nigeria. (FE)

GAIL has informed Delhi High Court that it has cancelled tender for 3 sections of its Dahej-Vijaipur pipeline where Man Industries was the lowest bidder. (FE)

HPCL and LN Mittal owned Bathinda Refinary is likely to raise Rs20bn through IPO by year-end. (ET)

Tata Communications may sell a minority stake in Tata Communication Internet Services to rope in a strategic partner with proven experience in Wi-Max operations. (ET)

US based Medicis Pharmaceutical Corporation has filed a law suit against Ranbaxy for alleged infringement of its patent on a drug branded Solodyne. (BS)

Ashok Leyland has entered into pact with UBI and Bank to extend retail finance for sales of promotional vehicle. (FE)

NHPC Ltd to float its IPO by end of August 2009. (BL)

Government plans to divest 10% in Coal India Ltd. (BS)

Jet Airways will not offer any frill services in 110 routes out of its 290 routes. (BL)

Jet Airways and Kingfisher Airlines have raised the fuel surcharge by Rs400 on domestic flights. (BL)

Yes Bank plans to enter retail brokerage business. (FE)

Havells India targets Rs5bn revenue from Switch gear exports in the next three years. (FE)

Apollo Group has dropped plans to acquire Wockhardt Hospitals. (BL)

Fortis Healthcare is leading the race to acquire part of Wockhardt Hospitals. (BS)

Wockhardt Ltd has divested its German business Esparma to Mova GmbH. (BL)

Omaxe Infrastructure has bagged an order worth Rs1.3bn from UP Projects Corporation Ltd. (BS)

Dabur India has increased its stake in Fem Care Pharma to 92.15% post completion of the open offer. (BS)

Man Industries is shelving its plan to build a US$100mn plant in Arkansas. (BS)

Godrej Consumers plans to renew focus on hair colours to achieve higher growth. (BS)

AB Nuvo to raise Rs10bn to repay short-term debt. (FE)

Syndicate Bank has raised Rs2bn from sale of bonds. (FE)

Akruti City has delayed its US$500mn QIP issue by a year. (ET)

Source: indiainfoline.com

Intraday Trading Calls for 18th June

Stock Market India may open flat to positive and remains positive for the day today.

Today's Intraday Stock Tips / Trading Calls (Keep strict Stop Loss for Each Trade):

SCRIP NAME

TRIGGER

PRICE

TARGET 1

TARGET 2

VOLTAS

(500575)

Buy Above

122.60

126.75

132.00

Sell Below

120.40

116.35

111.00

CAIRN INDIA (532792)

Buy Above

236.70

243.25

250.00

Sell Below

233.50

229.40

225.00

REL POWER

(532939)

Buy Above

186.55

191.65

198.00

Sell Below

183.70

179.40

174.00

PFC

(532810)

Buy Above

198.20

203.75

210.00

Sell Below

194.60

190.25

185.00

GMR INFRA

(532754)

Buy Above

145.70

150.25

155.00

Sell Below

143.20

139.40

135.00

INDIABULLS REALST

Buy Above

201.25

207.60

214.00

Sell Below

198.40

193.55

188.00

UNITECH LTD.

(507878)

Buy Above

85.20

88.55

92.00

Sell Below

83.15

80.35

76.00

GOOD LUCK

Disclaimer

The information in this publication is provided by http://www.moneybazzar.blogspot.com/ is intended for use for Readers & Traders . Every effort is made to provide accurate information, but http://www.moneybazzar.blogspot.com/ cannot guarantee the accuracy of the information or of the market analysis. This is a newsletter and is for informational purposes only. It is not a solicitation or offer to buy or sell futures. There is a high risk of loss in trading futures. You should not trade with money that you cannot afford to lose. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this newsletter. The past performance of any trading system or methodology is not necessarily indicative of future results.



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