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Stocks in news: ABG Ship, Great Off, Rel Infra, HCL Tech

Posted on: August 5th 2009 in Market News.

Mint Exclusive: Sources -Tata Motors in talks with SBI for JLR loan; -SBI to counter-guarantee UK Govt guarantee ABG Shipyard -Ups Great Offshore open offer price to Rs 520/share -Says bought 1.5 lakh Great Offshore shares on Monday at average of Rs 498.4/share Cairn India says -Di…

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Stocks in news: Matrix Labs, Great Off, Lanco Infra

Posted on: June 1st 2009 in Press Releases.

Matrix: -Mylan accepts exit price of Rs 211/share for Matrix Labs Mylan says -Will accept all tendered shares at Rs 211/sh -Will have over 90% stake in Matrix Labs, will delist company Bharti-MTN Deal: -Mikati Family, Major MTN shareholder, says to vote in favour of deal -Mikati Fa…

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Great Offshore slips 4% on ONGC deal cancellation

Posted on: May 15th 2009 in Stock News.

The stock touched a high of Rs 277, up over 5% from the day’s low. It finally ended at Rs 266, down over 4%. The counter witnessed trades of 414,659 shares on the BSE today.Great Offshore has shed 3.5% following news of ONGC cancelling a rig deal with the shipping major. The stock …

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Buy Great Offshore, target of Rs 435: Emkay

Posted on: May 9th 2009 in Brokerage Recommendations.

Emkay Global Financial Services has maintained its buy rating on Great Offshore with a price target of Rs 435 in its May 08, 2009 research report. “In a significant development, Bharati shipyard (BSL) has bought 14.89% @ Rs 315/share in Great Offshore, by acquisition of pledged sha…

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Bharati Shipyard acquires 14.9% stake in Great Offshore

Posted on: May 8th 2009 in Stock News.

Bharati Shipyard, India’s second-largest private sector shipbuilder, today said it had acquired a 14.89 per cent stake in Great Offshore.The company paid Rs 315 each for the 5.53 million shares in a deal worth Rs 174 crore. Last year, Great Offshore’s …

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Buy Great Offshore, target of Rs 359: Religare Hichens

Posted on: April 19th 2009 in Brokerage Recommendations.

Religare Hichens Harrison Research has upgraded its rating on Great Offshore from sell to buy with a price target of Rs 359 in its April 15, 2009 research report. “We have raised our FY10 net revenue and PAT estimates by 9.5% and 13% respectively due to higher renegotiated contract …

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Buy Great Offshore, target of Rs 376: Reliance Money

Posted on: April 1st 2009 in Brokerage Recommendations.

Reliance Money has maintained its buy rating on Great Offshore with a target price of Rs 376 in its April 1, 2009 research report. “Great Offshore Limited has bagged a 3 year charter commencing end April 2009 with ONGC for three of its vessels (1 PSV and 2 AHTSVs) for operating in …

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Great Offshore enters into three year charter with ONGC

Posted on: March 31st 2009 in Stock News.

Two vessels would commence their respective charters on cessation of their earlier long term charters of around 3 years, while one vessel would migrate from its existing spot fixture to long term charter. …

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