STOCKS ALERT - 08.05.2014
* BHEL: The Maharashtra cabinet has approved the 27.31-bln-rupee project of
the company in Bhandara district to produce solar photo voltaic cells providing
employment to 3,000 people.
* BRIGADE ENTERPRISES: Posted Jan-Mar net profit of 492.5 mln rupees,
up 73.42% on-year. Net sales raised 27.81% on-year to 3.45 bln rupees.
* CIPLA: Teva Pharmaceutical Industries is wooing company with a takeover
offer that is as high as $6 bln.
* COAL INDIA: The coal ministry wants the surrendered portions of blocks to
be transferred to company although the latter is yet to take a call on it.
* DLF: OppenheimerFunds Inc cut its stake in the company to 2.91% from
3.47% earlier by selling 10 mln shares on Monday.
* GIC HOUSING FINANCE: Jan-Mar net profit up to 49.55% on year to 249
mln rupees. Income from operations rose 12.52% to 1.64 bln rupees
* FEDERAL BANK: Has launched a gold loan product, Vidya Gold, under
which it will offer up to 100,000-rupee loans to students and their parents
against 75% of the market value of gold pledged.
* FINANCIAL TECHNOLOGIES (INDIA): The Economic Offences Wing of
Mumbai Police arrested chairman Jignesh Shah and Shreekant Javalgekar,
former chief executive officer of the MULTI COMMODITY EXCHANGE OF
INDIA, in the 55.7-bln-rupee payment default at arm National Spot
Exchange. The Bombay High Court has adjourned hearing in cases filed on the
company's arm National Spot Exchange scandal till Jun 12.
* FORTIS HEALTHCARE: Promoter pledged 15.50 mln shares on May 2.
* HATSUN AGRO PRODUCT: Posted Jan-Mar net profit of 40.07 mln
rupees, down 34.12% on-year. Net sales rose 8.19% on-year to 6.42 bln rupees.
* IDFC: The RBI has lowered the limit on purchase of company's shares and
debentures by foreign institutional investors through primary market and stock
exchanges to 52.25% from 52.50%.
* MARUTI SUZUKI INDIA: Has told its dealers to target around 15% growth
in 2014-15 (Apr-Mar) as it looks for a 300 basis point jump in its market share
in the country's 2.5 mln unit passenger vehicle market to 45%.
* NCC: Promoter got pledge on 2.55 mln shares released on Apr 30. Promoter
got pledge on 2.38 mln shares released on Apr 17.
* NIIT: Has launched ReVOLUTION GNIIT programme, offering courses in
banking, digital marketing and social media, e-commerce, cloud computing
among others for class XII and college students.
* MARUTI SUZUKI INDIA: Has told its dealers to target around 15% growth
in 2014-15 (Apr-Mar) as it looks for a 300 basis point jump in its market share
in the country's 2.5 mln unit passenger vehicle market to 45%.
* NCC: Promoter got pledge on 2.55 mln shares released on Apr 30. Promoter
got pledge on 2.38 mln shares released on Apr 17.
* NIIT: Has launched ReVOLUTION GNIIT programme, offering courses in
banking, digital marketing and social media, e-commerce, cloud computing
among others for class XII and college students.
* OIL AND NATURAL GAS CORP: Plans to drill a record 130 wells at
Mumbai High oil and gas fields at a cost of over $ 1.1 bln.
* OIL INDIA: Has bought 50% stake in a Russian oil block for $85 mln.
* PROCTER & GAMBLE HYGIENE: Posted Jan-Mar net profit of 807.6 mln
rupees, up 55.04% on-year and net sales of 5.00 bln rupees, up 20.09% on-year.
* SIMPLEX PROJECTS: Has received approval from Libya for resumption of
its project construction that was stalled due to political unrest.
* STATE BANK OF INDIA: The All India Bank Officers' Association has
opposed an alleged back-dated agreement signed on Feb 24, and effective from
Oct 5, 2013, between the bank and Reliance Money Infrastructure.
* SYNDICATE BANK: Board has approved raising 15 bln rupees as equity
capital.
* TATA MOTORS: Plans to hire over 3,000 sales staff across its dealerships in
India ahead of the launch of the hatchback Bolt and sedan Zest.
* BHEL: The Maharashtra cabinet has approved the 27.31-bln-rupee project of
the company in Bhandara district to produce solar photo voltaic cells providing
employment to 3,000 people.
* BRIGADE ENTERPRISES: Posted Jan-Mar net profit of 492.5 mln rupees,
up 73.42% on-year. Net sales raised 27.81% on-year to 3.45 bln rupees.
offer that is as high as $6 bln.
* COAL INDIA: The coal ministry wants the surrendered portions of blocks to
be transferred to company although the latter is yet to take a call on it.
* DLF: OppenheimerFunds Inc cut its stake in the company to 2.91% from
3.47% earlier by selling 10 mln shares on Monday.
* GIC HOUSING FINANCE: Jan-Mar net profit up to 49.55% on year to 249
mln rupees. Income from operations rose 12.52% to 1.64 bln rupees
* FEDERAL BANK: Has launched a gold loan product, Vidya Gold, under
which it will offer up to 100,000-rupee loans to students and their parents
against 75% of the market value of gold pledged.
* FINANCIAL TECHNOLOGIES (INDIA): The Economic Offences Wing of
Mumbai Police arrested chairman Jignesh Shah and Shreekant Javalgekar,
former chief executive officer of the MULTI COMMODITY EXCHANGE OF
INDIA, in the 55.7-bln-rupee payment default at arm National Spot
Exchange. The Bombay High Court has adjourned hearing in cases filed on the
company's arm National Spot Exchange scandal till Jun 12.
* FORTIS HEALTHCARE: Promoter pledged 15.50 mln shares on May 2.
* HATSUN AGRO PRODUCT: Posted Jan-Mar net profit of 40.07 mln
rupees, down 34.12% on-year. Net sales rose 8.19% on-year to 6.42 bln rupees.
* IDFC: The RBI has lowered the limit on purchase of company's shares and
debentures by foreign institutional investors through primary market and stock
exchanges to 52.25% from 52.50%.
in 2014-15 (Apr-Mar) as it looks for a 300 basis point jump in its market share
in the country's 2.5 mln unit passenger vehicle market to 45%.
* NCC: Promoter got pledge on 2.55 mln shares released on Apr 30. Promoter
got pledge on 2.38 mln shares released on Apr 17.
* NIIT: Has launched ReVOLUTION GNIIT programme, offering courses in
banking, digital marketing and social media, e-commerce, cloud computing
among others for class XII and college students.
in 2014-15 (Apr-Mar) as it looks for a 300 basis point jump in its market share
in the country's 2.5 mln unit passenger vehicle market to 45%.
* NCC: Promoter got pledge on 2.55 mln shares released on Apr 30. Promoter
got pledge on 2.38 mln shares released on Apr 17.
* NIIT: Has launched ReVOLUTION GNIIT programme, offering courses in
banking, digital marketing and social media, e-commerce, cloud computing
among others for class XII and college students.
Mumbai High oil and gas fields at a cost of over $ 1.1 bln.
* OIL INDIA: Has bought 50% stake in a Russian oil block for $85 mln.
* PROCTER & GAMBLE HYGIENE: Posted Jan-Mar net profit of 807.6 mln
rupees, up 55.04% on-year and net sales of 5.00 bln rupees, up 20.09% on-year.
* SIMPLEX PROJECTS: Has received approval from Libya for resumption of
its project construction that was stalled due to political unrest.
* STATE BANK OF INDIA: The All India Bank Officers' Association has
opposed an alleged back-dated agreement signed on Feb 24, and effective from
Oct 5, 2013, between the bank and Reliance Money Infrastructure.
* SYNDICATE BANK: Board has approved raising 15 bln rupees as equity
capital.
* TATA MOTORS: Plans to hire over 3,000 sales staff across its dealerships in
India ahead of the launch of the hatchback Bolt and sedan Zest.
