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Tuesday, August 18, 2009

Stocks in news:

  • HDFC
  • Nava Bharat Vent
  • Hero Honda
  • Cairn
stocks that are in news today:

Grupo Mexico
-Raises offer for Asarco to $2.2 billion
-Says offer allows for full repayment of certain claims
-Bid for Asarco: Confirmation hearings continue in bankruptcy court

HDFC QIP (qualified institutional placement)
-Raises Rs 4300 crore via NCD (non-convertible debentures) with detachable warrants
-Company to issue 2 & 3 year zero coupon bonds: Sources
-Cumulative yields on 2 year NCD at 7.15%, 3-year at 7.85%: Srcs
-Company to issue warrants convertible at Rs 3000/share ((CMP Rs 2252))
-Investor to pay additional premium of Rs 275/warrant

RIL - Mint Exclusive:
-RIL to sell stake in 6 overseas hydrocarbon blocks
-RIL subsidiary REP owns blocks up for sale
Mint Alert:
-REP stands for Reliance Exploration & Production
-RIL has an interest in 14 overseas blocks

Cairn India - From NW18: Source Says:
-Govt Panel okays Cairn interim Barmer crude delivery points
-Cairn to deliver Barmer crude to MRPL, HPCL at Kandla port
-Cairn to deliver IOC crude at Virangham, Bhogat, Radhanpur

Telecom - Sources:
-Finance Ministry seeks early meet on spectrum allocation
-Says no further allocation till final decision by govt
-2G spectrum prices to be linked to 3G auction price

Essar - NW18 Exclusive: Sources
-Essar submits bid for Shell's Stanlow refinery in UK
-Essar Oil says cannot comment on any specific proposal

Out of T2T from Aug 21:
Aftek, Ceat, Emkay Global, Gammon Infra, Garware Offshore, Hindustan Motors, Indiabulls Retail, ITI, Mahindra Forgings, Mahindra Ugine, McDowell Holdings, Mid Day, Pyramid Saimira, Welspun India

Other stocks that are in news today:
Adani Power listing on Aug 20 ((issue price Rs 100))
Exclusive: Sources say NTPC to file SLP (special leave petition) at SC this week
Yamaha, Hero Honda to give Bajaj Auto a chase for Pulsar 220 – BS ((Both planning new launches to compete with Bajaj))
Berger Paints’ preferential issue to Nalanda India Fund priced at Rs 50.50/sh ((CMP Rs 45.80)) ((board had approved issue of up to 72 lakh shares))
Ex-dividend: Maruti @ Rs 3.50, L&T @ Rs 10.50,
RBI allows FIIs to buy up to 40% stake in Nava Bharat Ventures

Indian ADRs: Tata Motors down 8%, ICICI Bank down 7%, HDFC Bank down 3%, Wipro, MTNL down 5%

s: MC

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