INVESTOR INTEREST


Most global indices ended in negative territory over the fortnight. The Nasdaq Composite and the Nikkei shrunk the most (5% each) while the Dow Jones Industrial Average fell by 4%.

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  Textiles companies, stocks, like Shiva Texyarn (up 61%), Raymond (up 58%), Rajvir Industries (up 50%) and Birla Cotsyn India (up 45%), gained hugely in the past fortnight. Some gains were due to expectations of mill land sale.

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Shipping stocks took a beating last fortnight. Bharati Shipyard (down 8%), Garware Offshore Services (down 5%), Varun Shipping Company and Chowgule Steamships (down 4% each) were among the major losers.

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Among the buyers, Vijay Agrawal bought 216,039 shares of Action Construction Equipment Ltd, taking his stake up to 33.64%. Prakash M Sanghvi, director of Ratnamani Metals & Tubes Ltd bought 90,918 shares of the company, which took his holding up to 6.41%. DK Jain of Aksh Optifibre Ltd bought...

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Moneylife Digital Team 18 September 2010
The market ended another week on a high note with support from foreign institutional buyers. Except for Thursday, it was a green closing on the remaining four trading days. Global cues also supported the rally. The Sensex touched a high of 19,243 and the Nifty scaled 5,770 on Monday on the back...

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Curb your excitement. This rally is for momentum chasers All these months, I had two medium-term scenarios in mind. One, after a 2,500 points rally in the Sensex over three months from the end of May, I felt we are about to give up some of the gains. A smaller possibility, which I have...

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Moneylife Digital Team 18 September 2010
India’s roaring economy ranks 133rd among 183 countries in the ease of doing business India is supposed to be emerging as a global economic powerhouse and the ‘apple of the eye’ for Western onlookers. A quantitative survey by the World Bank seems to conclude year after year that India is a...

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Sanket Dhanorkar 18 September 2010
Motilal Oswal’s new MOSt Shares M50 may be a winner if it avoids market-timing Fundamental indexing is a nascent concept in India, although it has caught on in global markets. Motilal Oswal Mutual Fund has introduced this concept for the first time here, with its first offering, an exchange...

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Moneylife Digital Team 18 September 2010
Until a few years ago, initial public offers (IPOs) of companies created quite a lot of excitement and enthusiasm among investors. IPOs carried the promise of making investors a whole lot richer overnight, enticing them to take the plunge regardless of the fundamentals or valuations. Moneylife...

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Moneylife Digital Team 17 September 2010
Islamabad: Turkmenistan, Afghanistan, Pakistan and India are scheduled to sign a landmark agreement for a multi-billion gas pipeline project in Ashgabat on 20th September, reports PTI quoting Pakistan's petroleum ministry. The pact will be signed by the petroleum ministers of the four countries...

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Moneylife Digital Team 17 September 2010
Ashok Leyland, the Hinduja flagship, has won an order for supply of 2,850 buses from the Institute for Road Transport (IRT), the nodal agency for procurement of vehicles for Tamil Nadu government. No financial details of the contract were provided. The 2,850 buses order is from across the...

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Moneylife Digital Team 17 September 2010
Anjani Fabrics Ltd, said it has signed a memorandum of understanding (MoU) to acquire Balhanuman Fabrics Pvt Ltd. No financial details of the deal were provided. With the acquisition of Balhanuman Fabrics, the total production capacity of Anjani Fabrics will increase to almost 2.4 million...

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Moneylife Digital Team 17 September 2010
Shriram EPC Ltd, along with its associate companies, has received orders worth Rs1,000 crore across various business divisions. Shriram EPC provides turnkey solutions for thermal power plants, water treatment, renewable energy, cooling towers and material handling. On Friday, Shriram EPC...

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Moneylife Digital Team 17 September 2010
Jaihind Projects Ltd said it has received orders worth Rs74.6 crore. The first order, worth Rs64.5 crore, is from GAIL (India) Ltd for laying and construction of spurline in Kochi-Koottanad-Bangalore-Mangalore pipeline project. The second order, worth Rs10.0 crore, is from Rajkot Municipal...

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Moneylife Digital Team 17 September 2010
Punj Lloyd Ltd said Dayim Punj Lloyd, a group company in Saudi Arabia, has won a contract from Saudi Aramco, Saudi Arabia's state oil company. No financial details of the contract were provided. The contract is for engineering, procurement and construction of offsite pipelines for Saudi...

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Moneylife Digital Team 17 September 2010
Reliance Broadcast Network Ltd (RBNL) said, its OOH vertical, Big Street has secured 40% market share of Delhi Metro OOH Inventory with Line V acquisition. The contract is for five years. The DMRC mandate to RBNL includes OOH media inventory spread across nine underground stations covering...

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Munira Dongre 17 September 2010
After forming a base at around Rs150, Max India shares have begun a tentative rise. Could the rise sustain? A look at this not so widely tracked stock Max India's share price took a hit due to the changes in insurance rules when the Insurance Regulatory and Development Authority put a cap on...

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Munira Dongre 17 September 2010
Commercial Vehicle (CV) sales may be hit in the coming months due to the phenomenon of 'pre-buying' before changing emission norms make trucks more expensive next month Emission changes from October will mean trucks will move to Euro 3 standards from Euro 2 - already reports of 2%-4% hikes...

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Munira Dongre 17 September 2010
KSK Energy saw a sudden spurt recently on media reports that Malaysian billionaire T Ananda Krishnan’s Usaha Tegas Sdn plans to invest $250 million in the company. Here’s a closer look at the organisation Hyderabad-based utility company KSK Energy's stock price has seen a sudden jump after...

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