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Stocks in news: HDIL, Tata Motors, RIL, Essar Oil, PTC

This article was posted on Jun 2, 2009 and is filed under Press Releases

Results today: HPCL

Bharti-MTN
-Exclusive: Sunil Mittal says no proposal to revise offer for MTN right now, to remain in talks till July 31
-MTN institutional investors eye Bharti raising MTN bid to ZAR 200/share

RIL – From NW18
-DGH (directorate general of hydrocarbons) objects to Hardy Oil announcing gas find in RIL (Reliance Industries) KG blocks
-DGH asks SEBI to raise Hardy Oil issue with London Stock Exchange
-Alert: UK’s Hardy Oil has 10% stake in RIL’s D3, D9 blocks
((CLSA has increased EPS for E&P business by Rs 100/sh))

Tata Motors May (YoY)
-Total sales down 13% at 40,196 units
-Domestic sales down 11% at 38,392 Units
-Exports down 17% at 1,804 units

Cement Sales numbers
-AV Birla Group May cement sales up 20% at 3.23 mt (million tonnes) (YoY)
-Ambuja Cement May cement sales at 1.64 mt versus 1.51 mt (YoY)

Telecom Ministry says:
-Discussions to be held to create consensus to list BSNL
-Legal framework not in favour of MTNL-BSNL merger
-Possibility to rope in investors into ITI exists, process underway
-3G auction definitely by year end

Block deal alert: from sources:
-3 crore Essar Oil shares likely to change hands today at Rs 165/sh
-Foreign institutions likely seller in Essar Oil Block deal: Sources

Mint Exclusive:
-Indage Vintners promoters to spin off wine business: Sources
-Indage Vintners promoters to sell half their stake in new company to Japanese firm for $120 million: Sources
((earlier known as Champagne Indage))

Board meets:
-Ansal Properties on fund raising
-Vishal Retail to consider preferential allotment of warrants to promoters

Other stocks that are in news today:
Multiplex owners, producers sign deal to end 2-month deadlock – FE
HDIL, MMRDA JV for mega 525 acres infra project in Virar
Zydus, Teva end patent disputes, local company can sell generic version of GSK, J&J drug in US – ET
Hedge Fund Harbinger Capital Partners joins the race for Asarco – BS
Piramal Healthcare eyes buyout to get footing in $1 billion global anesthesia market – HT
6.66 crore PTC India shares to hit the market ((QIP issue))

Indian ADRs: Satyam up 8%, MTNL, Wipro up 6%, Tata Motors up 5%, ICICI Bank up 3%

Source: Money control

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