Recommendation :
Note:Follow Buy Calls in Positive Market Bias and v.v.
Buy Gail sl 444 T 453
Buy LT Abv 1837 sl 1827 T 1864
Buy Maruti Abv 1235 sl 1226 T 1251
Buy Relcapital Abv 785 sl 781 T 794
Hold Short Nifty Fut sl 5437 T 5370
Sell BankNifty Fut sl 10420 T 10343
Sell Aban sl 867 T 835
Sell Bhartiartl Bel 318 sl 323 T 314
Sell Bhel Bel 2476 sl 2487 T 2461
Sell HDFC sl 3012 T 2963
Sell Infosystch sl 2821 T 2792
Sell ITC Bel 154 sl 156 T 151.5
Sell TCS Bel 854 sl 864 T 842
Sell Wipro sl 424 T 412
RIL- Sources
-RIL treasury stake sales to resume
-Tranche 4 likely soon; to be upwards of USD 1 billion
-Deal likely at slight discount to CMP
-LIC likely to participate in tranche 4
M&M
-Selected as preferred bidder to acquire controlling stake in Ssangyong Motors
-Ruia group has been picked up as secondary preferred bidder
-Ssangyong to wrap up sale proceeds by October this year
Board Meets
-Essar Shipping: Restructuring
-Greaves Cotton: Stock Split
-Indowind Energy: FCCB
-Kalindee Rail: Issue of Security
Aksh Optic Fibre
-QIP to open on August 16
-Issue price fixed at Rs 19.20/sh
Ex-Dates
-Adani Enterprise: Ex-Dividend @ Rs.1/shr
Balaji Tele: Ex-Dividend @ 0.3/shr
Globsyn Info: Ex-Reduction of Capital ((Reduction of Capital of by 50%))
Indo Gulf Inds : Ex-Scheme of Arrangement (( Reduction of Capital by 90% , approved by BIFR))
Other stocks and sectors that are in news today:
-L&T’s Deosthalee to retire next year, may head L&T Finance – ET
-Vishal Retail plumps for TPG over Future group, even the lenders seen favouring TPG – BS
-Solrex Pharma, a firm owned by Singh brothers sells part of its stake in Orchid Chem, sells 8.5 lakh shares @ Rs 196/sh
-Prakash Industries in talks to buy Nova Iron and Steel – DNA (Nova is BSE listed, CMP Rs 18.7/sh)
-Engineers India: 3.36 crore shares of FPO allotted to shareholders in DP ((Eligible for trading in 2 days))
-Sterling Holiday: Board Meeting on August 18, 2010
-SCI: Board approved FPO upto 20% ((Including fresh shares))
-Punjab Alkalies: Approved constitution of Committee for opening & short-listing of EOI for disinvestment
-Pioneer Embroideries: Allotment and issue of Preference shares amounting up to Rs 30 crore
Videocon Industries Q3
-Sales at Rs 2893 crore versus Rs 2461 crore (YoY)
-PAT at Rs 153 crore versus Rs 124 crore (YoY)
Dunlop India Q1
-Sales at Rs 48 crore versus Rs 50.5 crore (YoY)
-PAT at Rs 0.8 crore versus loss of Rs 0.28 crore (YoY)
| |
-Revenues: Rs 257.07 crore versus Rs 358.49 crore
-Net Profit: Rs 31.82 crore versus Rs 34.72 crore
Sterling Holidays Q1
-Sales at Rs 10.1 crore versus Rs 9.07 crore (YoY)
-Loss of Rs 1.8 crore versus PAT of Rs 0.54 crore (YoY)
US Markets :
U.S. stocks fell Thursday as weaker-than-expected weekly jobs data added to investors' jitters a day ahead of the federal government's monthly payrolls report. The Dow Jones Industrial Average tumbled 265.42 points, or 2.49%, to 10378.83, in its biggest one-day point drop since June 29. Wednesday marked the 11th time the Dow fell more than 200 points in a day this year, and the decline put it into negative territory for the year. The Nasdaq Composite slid 68.54, or 3.01%, to 2208.63. The Standard & Poor's 500 index fell 31.59, or 2.82%, to 1089.47. For both measures, Wednesday marked the biggest one-day drop since July 16.All 30 of the Dow's components fell, with Alcoa, Boeing and Caterpillar hit the hardest. Alcoa dropped 69 cents, or 6.1%, to 10.66, while Boeing fell 3.02, or 4.4%, to 65.60, and Caterpillar declined 2.71, or 3.8%, to 68.71.
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