24 August 2010 Recommendations

24 August 2010 Recommendations :

Note : Follow Buy recommendations in Positive Bias and v.v.

Buy :

Abb Abv 783 sl 776 T 793/806 P

Bhartiartl Abv 321 sl 316 T 330 P

Bhel sl 2497 T 2531

Cairn Abv 347 sl 341 T 360 P

Hold Long Cipla sl 314 T 324

Idea Abv 71.8 sl 71 T 73

Infosystch Abv 2825 sl 2809 T 2841

M&M Abv 634 sl 627 T 647

Rpower Abv 156 sl 154 T 159

IVRCLInfra Abv 167 sl 164 T 172

Sell:

CairnBel 339 sl 342 T 331

Grasim Bel 2064 sl 2087 T 2037

HDFC Bel 627 sl 634 T 618

HDFCBank sl 2196 T 2154 P

ITC Bel 158 sl 161 T 154

Tatamotors sl 1022 T 992

Crompgreav Bel 285 sl 288 T 280

Stocks in News : (Source moneycontrol.com)

Cairn India

-Discovered oil, gas in KG onshore Block

-Have notified KG Basin oil, gas discovery to DGH

ONGC, GAIL and Oil India may jointly make a counter bid for Cairn India – Reports

Gateway Distriparks

-Blackstone completes process of investing Rs 300 crore in Gateway Rail Freight

Alert : Blackstone committed in November 09, 2009 to invest in the compnay

PTC India

-RBI gives Infrastructure Finance Company status to PFS

-PFS : Is a subsidiary of PTC

TARO Preliminary Unaudited and Unreviewed

Q2CY10 YoY

-Revenue at USD 98 million versus USD 96.8 million

-Profit up 51% to USD 18.9 million versus USD 12.5 million

Ex-Dates

-Hindalco Industries : Ex-Dividend @ Rs 1.35/share

-Maruti Suzuki : Ex-Dividend @ Rs 6

-REC : Ex-Dividend @ Rs 3.5/share

Other stocks and sectors that are in news today:

-NTPC may get Rs 2000 crore refund for scrapped hydel unit – DNA

-TPG close to buying out Vishal Retail, lenders approved the revised bid from TPG – Mint

-Titagarh Wagons : Board meet on August 27 to issue warrants to promoters

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