ViJiT
Vijith Pujari
HOT News in the Market This Week
*The State Bank of India Act has been amended which is positive news for SBI as it can split the face value of its subsidiaries and can even reduce its stake in them. Buy at declines.
*ICICI Bank has offloaded its stake in South Indian Bank & Federal Bank which makes them takeover targets for other big banks. Both scrips are fairly cheap compared to their peers providing ample scope for appreciation in future.
*A leading FII is bullish on the Sugar sector and is happy picking up Simbhaoli Sugar. Scrip has the potential to touch Rs.180 in the short term if the sentiment remains bullish.
*An operator is learnt to have entered Sambandam Spinning. He will take his own time to move the scrip but will surely take it to new highs. Keep a track.
*SEBI aids manipulators/scamsters unwittingly but penalizes very few of them to establish its authority.
*Investors who love contrarian calls can buy Srinivasa Hatcheries. It may report poor numbers for the next 2 qtrs. but once the bird flu thing is over it will come back to normalcy. With a dividend of 25% there is not much downfall form here.
*Are Jet Airways and Sahara Airlines at loggerheads over the takeover proposal? It's a dampener for Jet but sadistic pleasure for politicians.
*Reliance Communications has just raised USD 500 million offshore. This is just a prelude of what is to follow.
*Great Eastern Shipping's demerger will be delayed awaiting ONGC's consent about the financial strength of Great Offshore Ltd.
*Radico Khaitan is on the lookout for new brands.
*Philips, Onida, Videocon and other white and brown goods manufactures have cut production and imports by 25% due to fall in demand.
*Mahindra & Mahindra's new Scorpio ad has taken the steam out of Tata's Sumo and other SUVs. This will be a big leap forward for M&M.
*Kopran plans a mega preferential issue to a foreign stakeholder @ Rs.54.70 per share. What does this mean for the Indian shareholders? Price may shoot up to Rs.75 soon!
*The State Bank of India Act has been amended which is positive news for SBI as it can split the face value of its subsidiaries and can even reduce its stake in them. Buy at declines.
*ICICI Bank has offloaded its stake in South Indian Bank & Federal Bank which makes them takeover targets for other big banks. Both scrips are fairly cheap compared to their peers providing ample scope for appreciation in future.
*A leading FII is bullish on the Sugar sector and is happy picking up Simbhaoli Sugar. Scrip has the potential to touch Rs.180 in the short term if the sentiment remains bullish.
*An operator is learnt to have entered Sambandam Spinning. He will take his own time to move the scrip but will surely take it to new highs. Keep a track.
*SEBI aids manipulators/scamsters unwittingly but penalizes very few of them to establish its authority.
*Investors who love contrarian calls can buy Srinivasa Hatcheries. It may report poor numbers for the next 2 qtrs. but once the bird flu thing is over it will come back to normalcy. With a dividend of 25% there is not much downfall form here.
*Are Jet Airways and Sahara Airlines at loggerheads over the takeover proposal? It's a dampener for Jet but sadistic pleasure for politicians.
*Reliance Communications has just raised USD 500 million offshore. This is just a prelude of what is to follow.
*Great Eastern Shipping's demerger will be delayed awaiting ONGC's consent about the financial strength of Great Offshore Ltd.
*Radico Khaitan is on the lookout for new brands.
*Philips, Onida, Videocon and other white and brown goods manufactures have cut production and imports by 25% due to fall in demand.
*Mahindra & Mahindra's new Scorpio ad has taken the steam out of Tata's Sumo and other SUVs. This will be a big leap forward for M&M.
*Kopran plans a mega preferential issue to a foreign stakeholder @ Rs.54.70 per share. What does this mean for the Indian shareholders? Price may shoot up to Rs.75 soon!