Highlights: 1. Market to be choppy.   2. Book profit at regular intervals.




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Archive for May, 2007

NSE Notices 31-5-2007

Thursday, May 31st, 2007

Varun Shipping Company
Varun Shipping Co. Ltd. has informed the Exchange that: “Consequent to the exercise of option for conversion of 68,00,000 Optionally Fully Convertible Warrants (OFCWs), which were allotted on Preferential basis to Tarun Shipping and Industries Limited (TSIL) and Khatau International Limited (KIL), promoter group companies, the Committee of Directors at its meeting held today has issued and allotted 28,50,000 and 39,50,000 to Tarun Shipping and Industries Limited and Khatau International Limited respectively, totaling to 68,00,000 equity shares at a price of Rs. 75 per share (i.e. Rs. 10 on capital account and Rs.65 on premium account)”.
Source: NSE Date: 2007-05-31

Cummins India
Cummins India Ltd. has informed the Exchange that: “The Board of Directors have recommended final dividend of 100% (One Hundred Percent) i.e. Rs.2/- per share on equity shares of Rs.2/- each fully paid up for the year ended March 31, 2007, in addition to the interim dividend of 100% (One Hundred Percent) declared on January 25, 2007, taking total dividend (interim & final) for the financial year 2006-2007 to 200%”.
Source: NSE Date: 2007-05-31

Gujarat Gas Company
Gujarat Gas Co. Ltd has informed the Exchange that the auditor’s have conducted the limited review of the unaudited financial results for the quarter ended March 31, 2007. The details of the limited review report shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE Date: 2007-05-31



BSE Notices 31-5-2007

Thursday, May 31st, 2007

Panacea Biotech
Panacea Biotec Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 14, 2007, inter alia, to consider and approve the Audited Financial Results for the Financial Year 2006-07 and to recommend dividend, if any, on the Share Capital of the Company.
Source: BSE    Date: 2007-05-31

Netlink Solutions
Netlink Solutions India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on June 06, 2007, inter alia, to consider and approve the following: 1. Audited Financial Results for the financial year ended March 31, 2007. 2. Recommendation of dividend for the financial year 2006-07. 3. Alteration of Objects clause of Memorandum of Association.
Source: BSE    Date: 2007-05-31

Simplex Infrastructures
Simplex Infrastructures Ltd has informed BSE that the Company has bagged various orders aggregating Rs 1055.10 crores. Out of this Rs 544.71 crores are overseas order intake accounts for over 50% of the amount.
Source: BSE    Date: 2007-05-31



Free Stock Market Tip 31-5-2007

Thursday, May 31st, 2007

Free Tip of The Day
(31-05-2007)

Name Action Price SL Target Remarks

AVAYA GLOBAL

Buy dip 352.50 367-370 Intraday


Follow-up of Previous Tip - May 30, 2007

Wednesday, May 30th, 2007

Wednesday, May 30, 2007 11:09:40 AM

Exit RCOM



Intraday Tip - May 30, 2007

Wednesday, May 30th, 2007

Wednesday, May 30, 2007 10:58:33 AM

Buy APTECH at 319-320 tgt 325-328



Intraday swing trading - May 30, 2007

Wednesday, May 30th, 2007

Wednesday, May 30, 2007 10:25:04 AM

Intraday swing trading- buy CENTURY FUT at 627-28 sl 621 tgt 633-35



Intraday Tips - May 30, 2007

Wednesday, May 30th, 2007

Wednesday, May 30, 2007 9:11:23 AM

Buy VIDEOIND Stop loss 432 Target 445-448.

Buy STERLINBIO Stop loss 167 Target 176-178



F&O (FNO) Market Tip - May 30, 2007

Wednesday, May 30th, 2007

Wednesday, May 30, 2007 9:11:23 AM

Buy M&M June fut Sl757 Tgt774-78.



NSE Notices 30-5-2007

Wednesday, May 30th, 2007

Oriental Trimex 
Oriental Trimex Limited has informed the Exchange that: “the Company has acquired rights from the Department of Mines, Government of Orissa, for mining of decorative stone (minor minerals) at village Potteru in Malkangiri district of Orissa through a prospecting license dated 13th April 2007 executed between the Company and Deputy Director of Mines, Koraput Circle Koraput, Government of Orissa. The decorative stone quarry is spread over an area of 10.279 hectares/25.40 Acres. The deposits in this quarry is of black colour granite stone. The Company is in the process of complying with the terms and conditions of the prospecting lease”.
Source: NSE    Date: 2007-05-30

Bhartiya International
Bhartiya International Limited has informed the Exchange that Bhartiya Urban infrastructure and Land Development Company Pvt. Ltd. (BUILDCO) an infrastructure Company co-promoted by the company, has signed a Share subscription Cum Shareholders Agreement (SSSHA) with IL&FS Trust Company Limited and IL&FS India Realty Fund LLC. Pursuant to this Agreement, the company has subscribed to Compulsorily Convertible Non-Cumulative Preference Shares for a consideration of Rs.11.99 crores in BUILDCO.
Source: NSE    Date: 2007-05-30

  Sobha Developers
Sobha Developers Limited has informed the Exchange regarding the receipt of the Continuous disclosures in form “D” as per Employees Share Dealing code of the Company, from the Designated Employees. The details of the same shall be available on the NSE website (http://www.nseindia.com) under: Corporates > Latest Announcements and on the Extranet Server (/Common/Corporate Announcements).
Source: NSE    Date: 2007-05-30



BSE Notices 30-5-2007

Wednesday, May 30th, 2007

     AstraZeneca Pharma
AstraZeneca Pharma India Ltd has informed BSE that the members at the 28th Annual General Meeting (AGM) of the Company held on April 30, 2007, inter alia, have accorded to the following: 1. Adoption of the Audited Balance Sheet of the Company as at December 31, 2006 and the Profit and Loss Account for the year ended on that date together with the Notes annexed thereto and the Report of the Directors and the Auditors attached thereto. 2. Re-appointment of Mr. K S Shah and Mr. Bhasker Iyer as Directors of the Company. 3. Appointment of M/s. BSR & Co., Chartered Accountants, as Auditors of the Company, to hold office Meeting till he conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 4. Appointment of Mr. Ian Brimicombe as a Director of the Company. 5. Payment of commission to Directors of the Company (including Alternate Directors but excluding Wholetime and / or Managing Director), for each of the five financial years of the Company commencing on and from January 01, 2007. 6. Authority to the Board of Directors for borrowing, from time to time, any sum or sums of monies which together with the monies, already borrowed by the Company, (apart from temporary loans obtained or to be obtained from the Company’s bankers in the ordinary course of business), if any, may exceed the aggregate of the paid-up capital of the Company and its free reserves, that is to say, reserves not set apart for any specific purpose, provided that the total amount so borrowed by the Board shall not at any time exceed Rs 75 crores. 7. Authority to the Board of Directors for creating such mortgages, charges and hypothecations on all or any assets of the Company, wheresoever situated, both present and future, in such manner as the Board may direct, in favour of lenders, to secure amounts upto Rs 75 crores, that may be borrowed by the Company.
Source: BSE    Date: 2007-05-30

Super Sales India
Super Sales India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 30, 2007, inter alia, has recommended a dividend of Rs 7 per equity share of Rs 10 each (including a silver jubilee year dividend of Rs 2 per share) subject to the approval of the share holders at the ensuing Annual General Meeting.
Source: BSE    Date: 2007-05-30



BSE Notices 29-5-2007

Wednesday, May 30th, 2007

       Kilitch Drugs (India) 
Kilitch Drugs India Ltd has informed BSE that the members at the Extra Ordinary General Meeting (EGM) of the Company held on May 28, 2007, inter alia, have accorded to the following: 1. Increase in the Authorized Share Capital of the Company from Rs 10,00,00,000/- divided into 1,00,00,000 Equity Shares of Rs 10/- each to Rs 15,00,00,000/- divided into 1,50,00,000 Equity Shares of Rs 10/- each and consequential amendments in the Memorandum and Articles of Association of the Company. 2. Authority to the Board to offer, issue and allot 6145000 Equity shares to the following allottees: i. NBZ Pharma Ltd (Promoter Group) - 6000000 No of Shares ii. Ms. Neha Rathi (Non Promoter) - 100000 No of Shares iii. Ms. Pravina Mehta (Non Promoter) - 25000 No of Shares iv. Mr. Sanjeev Nandu (Non Promoter) - 10000 No of Shares v. Mr. Mahendra A Chheda (HUF) (Non Promoter) - 10000 No of Shares of face value of Rs 10/- each at a subscription price of Rs 47.50/- per Equity share inclusive of premium of Rs 37.50/- per Equity Share, or at price as may be mutually agreed but not less than price calculated as per DIP Guidelines 13.1.1.1 being higher of the following: (a) The average of weekly high and low of the closing prices of the related shares quoted on the Stock exchange during the six months preceding the relevant date or (b) The average of weekly high and low of the closing prices of the related shares quoted on the stock exchange during the two weeks preceding the relevant data, per equity shares on a Preferential allotment basis for cash on the terms and conditions.
Source: BSE    Date: 2007-05-29

Shri Shakti LPG
Shri Shakti LPG Ltd has informed BSE that the shares of the Company have been re-listed at Hyderabad Stock Exchange Ltd.
Source: BSE    Date: 2007-05-29



BSE Notices 28-5-2007

Wednesday, May 30th, 2007

       Suryalata Spinning Mills 
Suryalata Spinning Mills Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 28, 2007, inter alia, has recommended dividend to the Cumulative Redeemable preference share holders as per the terms and conditions of the issue and recommended 20% to the equity shareholders.
Source: BSE    Date: 2007-05-28

OK Play India
OK Play India Ltd has informed BSE that the Board of Directors of the Company at its adjourned meeting held on May 28, 2007, inter alia, has reviewed the progress of the proposed issue of Global Depository Receipts (GDRs). The meeting has been adjourned to May 30, 2007.
Source: BSE    Date: 2007-05-28

Triton Valves   
Triton Valves Ltd has informed BSE that the Board of Directors of the Company at its meeting held on May 23, 2007, inter alia, has recommended 100% dividend (Rs 10/- per equity share).
Source: BSE    Date: 2007-05-28



Free Stock Market Tip 30-5-2007

Wednesday, May 30th, 2007

Free Tip of The Day
(30-05-2007)

Name Action Price SL Target Remarks
BEL Buy Above 1755 1740 1765-1780 Intraday


BSST/STBT Call - May 29, 2007

Tuesday, May 29th, 2007

Tuesday, May 29, 2007 3:16:09 PM

Btst:- Rcom, SBI, PATNI, L&T, EKC.



Delivery call - May 29, 2007

Tuesday, May 29th, 2007

Tuesday, May 29, 2007 2:56:29 PM

Midmarket call- Delivery call:- Buy KEWINDUTRIES at 42 for 1 month.