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Wockhardt sells German unit for nearly Rs 120cr; stk up

Posted on: June 18th 2009 in Stock News.

Wockhardt touched an intraday high of Rs 138 and an intraday low of Rs 132.50. At 10:01 am, the share was quoting at Rs 135, up Rs 4.55, or 3.49% on the NSE. The company has sold its German unit to Mova Pharma for nearly Rs 120 crore, reports CNBC-TV18. It was trading with volumes of 69…

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Accumulate Reliance Industries: Prabhudas Lilladher

Posted on: June 16th 2009 in Brokerage Recommendations.

Prabhudas Lilladher has maintained its accumulate rating on Reliance Industries in its June 15, 2009 research report. “The Bombay High court has finally ruled the gas pricing decision in favour of Reliance Natural Resources (RNRL) which entitles the company to procure gas from Reli…

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Hold Great Offshore, target of Rs 300: PINC Research

Posted on: May 4th 2009 in Brokerage Recommendations.

PINC Research has recommended a hold rating on Great Offshore with a price target of Rs 300 in its May 4, 2009 research report. “Great Offshore Ltd’s (GOFF) results were above expectations as revenues grew by 45% to Rs 2.7 billion on the back of increase in fleet utilization and …

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