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Mahindra Holidays’ IPO price fixed at Rs 300 per equity share

Posted on: June 29th, 2009 and is filed under Press Releases.

Leisure hospitality provider, Mahindra Holidays and Resorts India (MHRIL), has fixed the price at Rs 300 per equity share for its Initial Public Offering (IPO). The Mahindra Group company’s IPO comprised of an issue of 92,65,275 equity shares of Rs 10 each for cash at a price to be …

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Country’s top-10 cos add Rs 17,562 cr in a week

Posted on: June 28th, 2009 and is filed under Press Releases.

The country’s top-10 firms added over Rs 17,000 crore to their market capitalisation last week, with Larsen & Toubro contributing the major chunk. The coveted club, which comprises of four private sector and six public companies, turned positive after two weeks and added Rs 17…

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Satyam fraud report by ICAI on July 9

Posted on: June 28th, 2009 and is filed under Stock News.

The high-powered committee set up by the Institute of Chartered Accountants of India (ICAI) to look into the multi-crore fraud at erstwhile Satyam Computer will submit its report on July 9.”We will submit the report to the Ministry of Corporate Affairs on July 9 after we finalise th…

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Indian stocks best performers across the world in 2009 so far

Posted on: June 28th, 2009 and is filed under Market News.

Indian stocks have emerged as the best performers among those in the emerging and the developed markets across the globe so far this year, giving investors the highest return of nearly 60 per cent.According to an analysis of MSCI Barra indices, a measure of returns from various stock mark…

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Tata Motors pins hope on new JLR launches

Posted on: June 28th, 2009 and is filed under Press Releases.

Although Jaguar and Land Rover have dented Tata Motors’ consolidated bottom line for the 10 months starting June 2008, the Indian automobile major is banking heavily on these two British brands for revival of the luxury car market, which is grappling with falling demand internationally….

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Nakoda Textile Industries – 100% Profits

Posted on: June 28th, 2009 and is filed under Penny Stocks.

Call given at 9.8, CMP 20+(Nov’ 09). Book 50% profits at 21 and hold the rest for Long term. The Company was incorporated as a Private Limited Company on 13th August 1984 under the name of Nakoda Textile Industries Private Limited. It became a deemed Public Limited Company by virtu…

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Buy Zicom, target of Rs 145: Sushil Finance

Posted on: June 27th, 2009 and is filed under Brokerage Recommendations.

Sushil Finance has recommended a buy rating on Zicom Security Systems with price target of Rs 145 in its report dated June 22, 2009. “Zicom has got strong software capabilities relating to the security business. It has also integrated all the multiple security applications into one…

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Infosys to bid for unique identification card project

Posted on: June 26th, 2009 and is filed under Stock News.

BANGALORE: Infosys Technologies will bid for the ambitious unique identification card project, which a state-run authority would initiate under Nandan Nilekani Top 10 Wealthiest CEOs 10 most admired cos World’s top 10 valuable brands the chairmanship of its former co-chairman N…

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Spencer’s eyes 50% jump in liquor sales

Posted on: June 26th, 2009 and is filed under Press Releases.

RPG Group firm Spencer’s Retail is eyeing a sales turnover of Rs 40 crore from its shop in-shop liquor stores in FY10, a hefty jump of 50 per cent over the past year.The Kolkata-based company also plans to add eight stores to the existing 14 operating inside its hyper – and su…

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Mahindra Holidays IPO gets fully subscribed on final day

Posted on: June 26th, 2009 and is filed under Stock News.

The initial public offer of Mahindra Holidays & Resorts, through which it is expecting to raise up to Rs 301 crore, got fully subscribed on the final day of offer today. The IPO of the hotel chain arm of the Mahindra & Mahindra Group received bids for over 1.39 crore equity …

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