Archive for March, 2008

NSE Notices 28-03-2008

 KEC Infrastructures
Kec Infrastructures Limited has informed the Exchange that the Company has received ‘Fresh certificate of incorporation consequent upon change of name’ from Ministry of Corporate affairs, Registrar of Companies for change in the name of the Company from KEC Infrastructure Limited to ‘Summit Securities Limited’. Accordingly, the name of the Company stands changed from KEC Infrastructures Limited to ‘Summit Securities Limited.’
Source: NSE Date: 2008-03-28

Prakash Industries
Prakash Industries Ltd has informed the Exchange that “The Board of Directors of the Company in their meeting held on March 27, 2008 have approved the following businesses: 1) Investment of Rs.400 crores by way of purchasing 570000 Equity Shares of Rs.10/- each at a premium of Rs. 7008 per share for consideration other than cash of an unlisted company owned by the promoters and having mining rights of an iron ore mine, and issue of 16,00,000 (sixteen lacs) 0% Compulsory Convertible Preference Shares (CCPS) of the Company of Rs.100/- each at a premium of Rs.2400/- per share to the promoters of that Company in lieu thereof which would be convertible into 10 Equity shares of PIL within a period of 18 months. 2) The issue price of the 0% Compulsory Convertible Preference Shares (CCPS) of Rs.100% each convertible into equity shares has been determined as per SEBI Guidelines on the relevant date i.e. March 26, 2008. 3) Re-appointment of Managing Director and Whole-time Directors of the Company. 4) Increasing the Authorised Share Capital of the a Company from Rs. 160 crores to Rs. 170 crores. 5) Increasing the borrowing powers of the Board of Directors from Rs. 1000 crores to Rs. 3000 crores. The Board has also inter alia approved calling of an Extra Ordinary General Meeting, for seeking the approval of the members of the Company for approval of the aforesaid businesses on April 25, 2008.”
Source: NSE Date: 2008-03-28

Lakshmi Vilas Bank
Lakshmi Vilas Bank Ltd has informed the Exchange regarding a press release dated March 28, 2008, titled “LVB launches Multicity Cheque Facility scheme”. A copy of the press release 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: 2008-03-28

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BSE Notices 28-03-2008

ICI India
ICI India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2008, has approved the sale of Company’s Adhesives Business to an Indian affiliate of the Henkel Group of Germany. The proposal is subject to shareholders’ and other approvals. In this regard the Company has issued the following release: “ICI India Ltd has announced that the Board of Directors of the Company at its meeting held on March 28, 2008, has recommended for approval by the shareholders the sale of Company’s Adhesives Business as a going concern to an Indian affiliate of the Henkel Group, a well established global leader in the Adhesives business. The total consideration to be received for this sale will be about Rs 260 cr, subject to agreed adjustments for actual working capital and cash balances. Following Akzo Nobel NV (’AKzo’) becoming the owner of 100% of the share capital of ICI UK (announced in August 2007 and completed in early 2008), Akzo has finalized sale of ICI’s global Adhesives and Electronic Materials (’Adhesives’) Business to Henkel AG. The Adhesives business of ICI India is closely integrated with the global Adhesives Business of the ICI Group. Given the interdependency, the Board believes it will be in the best interest of a the shareholders, concerned, employees and customers that the India Adhesives business is also divested to the Henkel Group. ICT India had established its Adhesives Business in 1997. The business has a manufacturing site at Thane and the net sales revenue (including Excise Duty) from the business in the financial year ended March 31, 2007 was Rs 135 Cr. ICI India had also acquired a 67% stake in Polyinks Ltd, which has a manufacturing facility at Hyderabad and is in the process of setting up a new plant at Rudrapur, Uttarakhand state. For the year ended March 31, 2007, Polyinks Ltd had a net sales turnover (including excise duty) of Rs 14 cr. The business proposed to be transferred to the Henkel group will include its portion of Thane manufacturing facility and about 120 employees currently working with the business and the Company’s shareholding in its subsidiary Polyinks Ltd. The transaction is likely to be completed in the second half of 2008, after obtaining the approval, of ICI India’s shareholders through Postal Ballot and other statutory approvals as may be required.”
Source: BSE Date: 2008-03-28

Apar Industries
Apar Industries Ltd has informed BSE that on March 27 2008, Apar Industries Ltd has acquired 14,00,000 fully paid up equity shares of Rs 10/- each of Uniflex Cables Ltd, the target Company (UCL) at a price of Rs 42.50 per equity share by way of exercise of option for conversion of 14 Lacs Equity Warrants into Equal number of fully paid Equity Shares under Preferential Allotment. The Shares constitute 6.43% of the Post conversion paid up share capital of UCL. In light of the public announcement issued by Apar Industries Ltd. under Regulation 10 and 12 of the Takeover Regulations on February 13, 2008 and the open offer to be made by Apar Industries Ltd pursuant thereto (”Open Offer”), this disclosure is being made under Regulation 22(17) of the Takeover Regulations. The price of Rs 42.50 per Share paid by Apar Industries Ltd for 14 Lacs Equity Shares is less than the price of Rs 48.50 per share payable by Apar Industries Ltd under the Open Offer. Accordingly, the above mentioned acquisition will not impact the price payable to the shareholders of UCL who tender their shares in the Open Offer.
Source: BSE Date: 2008-03-28

Liberty Phosphate
Liberty Phosphate Ltd has informed BSE that the Board of Directors of the Company at its meeting held on March 28, 2008, has made allotment of 5,50,000 equity shares of face value of Rs 10/- each at the price of Rs 31.60 per share aggregating to Rs 1,73,80,000/- to the proposed allottees as per details below: 1. Name of Allottee: Miss. Sumera Raoof Dhanani NRI (Promoter Group) - No of Equity Shares Allotted: 2,75,000 2. Name of Allottee: Miss. Sana Yusuf Dhanani NRI (Promoter Group) - No of Equity Shares Allotted: 2,75,000.
Source: BSE Date: 2008-03-28

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Tips of the day 28-03-2008

Opening Bell Package:-

Buy GTLINFRA 45 sl 43 tgt 7-10%. (Target Achieved)

Buy DCBLTD at 86 sl 81 tgt 92.(Open at Target)

Buy JBCHEMICAL at 44 sl 42 tgt 48-49.(Target Achievbed)

All in One Package:-

NIFTY Index Support at 4780-4735,Resistance at 4928-4990.

Cash Intraday:- Buy BAJAJHIND Above 199 sl 196 tgt 205-208.(Target Achieved)

Time:- 10:15

F&O Intraday:- Buy NIFTY FUT at 4850-52 sl 4809 tgt 4892.(Stop Loss)

Time:- 10:18

Cash Intraday:- Buy DLF at 685 sl 680 trgt 695-705.(Stop Loss)

Time:- 1:32

Cash Intraday:- Buy SUZLON at 253-54 sl 250 tgt 257-60.(Target Achieved)

Time:- 1:50

cash Intraday:- Buy PFIZER at 657 sl 650 tgt 665-70.(Target Achieved)

Time:- 2:02

Buy FSL 38 sl 35.50 tgt 40-42.(Day high 39.50)

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Stock Market tips of the day 28-03-2008

Indian Stock Market Tips of The Day (28-Mar, 2008)

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World Indices 27-03-2008

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BSE Gainers/Losers 27-03-2008

BSE TOP 5 GAINERS(27-March-2008)

BSE TOP 5 Losers(27-March-2008)

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Advance Declines 27-03-2008

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NSE Gainers/Losers 27-03-2008

NSE TOP 5 GAINERS (27-March-2008)

NSE TOP 5 Losers (27-March-2008)

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Ten Most Active Securities (27th Mar-2008)

Ten Most Active Securities (27-March-2008)

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Tips of the day 27-03-2008

Opening Bell Package:-

Buy NETCOM at 132 trgt 145-54 in 2-3 Days.

Buy TELEDATAGL at 17.30 sl 16.30 tgt 12-15%.(Target Achieved)

Buy NIFTY Fut @ CMP(4835) sl 4732 tgt 4880-4900. (Made Day High 4862)

All in One Package:-

NIFTY Index  Support at 4785-4740,ResisTance at 4920-4990.

Buy NIFTY Fut @ CMP(4835) sl 4732 tgt 4880-4900. (Made Day High 4862)

Time:- 10:16

Cash:- Buy PURVA at 235 sl 227 trgt 245-50.(Target Achieved)

Time:- 11:50

Cash Intraday:- Sell AXISBANK below at 795 sl 806 tgt 782-777.(Day low 787.10)

Time:- 1:49

Buy ADLABSFILM at 627 sl 622 tgt 635-40.(Day high 633.70 Then Stop Loss)

Time:- 2:39

Delivery:- Buy TNTELE 10.50 sl 8 tgt 15-18 in short term (Pending closed @ 10.95 in upper freeze)

Time:- 2:58

BUY TULIP at 890 sl 878 trgt 910-925 (Target Achieved)

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Tips of the day 26-03-2008

Opening Bell Package:-

Positional buy NALCO FUT sl 464 tgt 492.

Buy INDIABNK FUT at cmp sl 155 tgt 169 in 1-2 days.(Target Achieved per lot Profit Rs.3300/-)

Buy INFOSYS above 1515 sl 1492 tgt 1530-48.(Buying not Initiated)

Buy LT above 3080 sl 3042 tgt 3160-80.

All in One Package:-

NIFTY Index Support at 4835-4740,Resistance 4980-5025.

F&o:- Buy INDIANB FUT at cmp sl 155 tgt 169 1-2 days.(Target Achieved per lot Profit Rs.3300/-)

Time:- 10:08

Cash:- Sell RENUKA at 950 sl 962 trgt 930-20.(Stop Loss)

Time:- 10:30

F&O:- Buy ACC FUT at 816-17 sl 807 tgt 825-27.(Target Achieved Per lot Profit Rs.1880)

Time:- 12:11

Cash:- Sell SBIN at 1741 sl 1758 tgt 1725-20.(Target Achieved)

Time:- 2:53

BTST:- Buy EDUCOMP & POWERGRID at cmp & book profit accordingly

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Indian ADRs 27-03-2008

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NSE Notices 27-03-2008

Oriental Bank of Commerce    
Oriental Bank Of Commerce has informed the Exchange that there has been change in Statutory Central Auditors of the Bank for 2007-2008 audit and two auditors namely M/s. P B Vijayaraghavan & Co. and M/s. Faruqui & Co. have replaced M/s NBS & Co. and M/s. P.S.D & Associates. Further the Bank has submitted a copy of the team of Statutory Central Auditors of the Bank for 2007-2008 audit. A copy 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: 2008-03-27

    Bank of Rajasthan     
The Bank Of Rajasthan Ltd has submitted to the Exchange a copy of the proceedings of the Extra-Ordinary General Meeting of the Company held on January 11, 2008. A copy 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: 2008-03-27

    Jindal Saw
Jindal Saw Limited has informed the Exchange regarding the outcome of 23rd Annual General Meeting of Jindal Saw limited held on March 27, 2008. All the resolutions of the Notice were passed with the requisite majority. The copy of the said Notice 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: 2008-03-27

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BSE Notices 27-03-2008

    Igarashi Motors   
Igarashi Motors India Ltd has informed BSE that the members of the Company by way of Postal Ballot have passed the following resolutions, with requisite majority. 1. Ordinary Resolution for sale / transfer of Sub-Assembly and Component Manufacturing Line. 2. Special Resolution for re-appointment and remuneration of Mr. P Mukund as Managing Director. 3. Special Resolution for Modification of ESOP Scheme-2006 for increase in total number of shares to 12,50,000 from 5,00,000. 4. Special Resolution for issue of Options under ESOP Scheme-2006 upto 5% of paid-up equity share capital to the Managing Director.
Source: BSE    Date: 2008-03-27

    Siemens Medical Solutions Diagnostics     
Siemens Medical Solutions Diagnostics Ltd has informed BSE that the members at the 33rd Annual General Meeting (AGM) of the Company held on March 24, 2008, inter alia, have accorded the following: 1. Adoption of the Audited Accounts of the Company, Balance Sheet as at September 30, 2007, Profit and Loss Account for the year ended on that date and the report of Directors and Auditors thereon. 2. Declaration of dividend of Rs 6.00 (@ 60%) per Equity Share be paid on 1,567,350 Equity Shares of Rs 10/- each in respect of year ended September 30, 2007. 3. Re-appointment of Mr. Narendra J Jhaveri & Mr. Pradeep V Nayak as Directors of the Company. 4. Re-appointment of M/s. BSR & Co., Chartered Accountants, Mumbai as Auditors of the Company for the year ending September 30, 2008 to hold office from the conclusion of this meeting until the conclusion of the next Annual General Meeting of the Company, on remuneration, terms & conditions. 5. Appointment of Mr. D Ragavan as a Director of the Company, not liable to retire by rotation. 6. Appointment of Mr. Ashvin Bhatt as a Director of the Company, liable to retire by rotation. 7. Appointment of Mr. Ashvin Bhatt, CFO & Company Secretary as Whole-time Director of the Company for a period of 5years with effect from June 23, 2007, on remuneration, terms & conditions, which the Board may revise upward from time to time subject to the approval of Central Government or in compliance with Schedule XIII and other provisions of the Companies Act, 1956, for a period of 3 years w.e.f. June 23, 2007. 8. To delist the equity shares of the Company from the Vododara Stock Exchange Ltd (VSE) at such time as the Board may decide. 9. Alteration in the Articles of Association of the Company by amending Article 98 as follows “Subject to the provisions of Section 255 of the Act, Siemens AG, Germany or Siemens Diagnostics Holding II B.V., Netherlands or either of their subsidiaries or authorised affiliate(s) (SIEMENS), shall have the right by notice in writing addressed to the Company to appoint two directors so long as Siemens Diagnostics Holding II B.V. holds not less than fifty one percent (51%) of the paid up equity share capital of the Company”. 10. Appointment of Mr. Etienne Szivo as a Director of the Company, not liable to retire by rotation.
Source: BSE    Date: 2008-03-27

Oxford Industries  
Oxford Industries Ltd has informed BSE that the members at the 26th Annual General Meeting (AGM) of the Company held on March 26, 2008, inter alia, have accorded the following: 1. Adoption of Accounts of the Company. 2. Re-appointment of Mr. Akbar A Shahpurwala & Mr. Shabbir N Laila as Directors of the Company, liable to retire by rotation. 3. Re-appointment of M/s. C N Lapsiwala & Co. as Statutory Auditors of the Company. 4. Appointment of Mr. Huned M Hararwala as Director of the Company, liable to retire by rotation. 5. Restructuring of Remuneration payable to Chairman and Managing Director of the Company.
Source: BSE    Date: 2008-03-27
           

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Stock Market tips of the day 27-03-2008

Indian Stock Market Tips of The Day (27-Mar, 2008)

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