Barak Valley likely to list above Rs 60: Experts
Barak Valley Cements, a cement manufacturer in the north-east region, will list on the bourses on November 23, 2007.
R S Iyer of K R Choksey Securities said, "Barak Valley is expected to list at around Rs 60. One can start booking profits above Rs 80."
"Barak Valley is likely to get listed at Rs 63, as against the issue price of Rs 42. Profit booking is advised above Rs 60", according to Investment Advisor, S P Tulsian.
The company had entered the capital market with an initial public offer (IPO) of 56,60,000 equity shares of Rs 10 each for cash at a price of Rs 42 and its IPO was subscribed around 29 times.
The objects of the issue are to part finance expansion of clinkerisation capacity from present 420 TPD (tonnes per day) to 600 TPD, cement grinding capacity from 460 TPD to 750 TPD, investment in wholly owned subsidiary — Badarpur Energy (P) Ltd.; for setting up a 6 MW biomass based power project, to meet the working capital requirements and for general corporate purpose.
The book running lead manager to the Issue is UTI Securities Limited and the co- book running lead manager is Karvy Investor Services Limited
Other IPOs info
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V- Guard Industries files IPO papers with Seb
Jyothy Labs may see 15-20% upside on listing
Varun Ind sees FY08 topline growth at 25%
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22 November 2007
ET headlines
The Economic Times
BHEL bags Rs 2,108-cr contract for Maithon project
Budget-08: Cut in taxes top India Inc wish list
FIIs turn to short-term bonds as yields move up
IT budgeting in US brings bad news for India
Mid-cap shares on a downward path
Tata Group emerges front-runner for Jaguar-Land Rover
PEs top choice list of IIM grads
Moser Baer to bring Kurosawa, Bergman for movie buffs
Heard on the street
Sensex makes way for heavyweights
Soros buys into Biyani's Future Capital
Fortis, DLF close to deal for setting up 15 hospitals
Burger King, Wendy's in talks with DLF for JV
Mixed view on RNRL; pegged at Rs 135
Unions support Tata's bid for Jaguar, Land Rover: Reports
M&M launches customised version of Scorpio
India Inc in top gear: Tata takes lead
Soros buys into Biyani's Future Capital
Rajesh Exports all set to launch Shubh Jewellers
MSPL to invest Rs 1,100 cr in wind energy
Hindustan Dorr Oliver bags Rs 111.50-cr order from HPCL
Wasserstein picks 12% in Euro Ceramics for Rs 60 cr
PVR plans to invest Rs 400 cr to open 250 screens
Prime Focus to acquire two US firms
Vishal Retail may sell stake for expansion: CMD
Indian telecom market to be at Rs 344,921 crore by 2012
India's steel capacity seen at 124 mn tonnes by 2011/12
India-China trade tops $27b till Sept
Sensex slide leaves investors poorer by Rs 4,13,000 crore
Varun Industries debuts at Rs 105
Varun Industries closes at 97% premium
V-Guard Industries files IPO papers
HDFC mutual plans infrastructure fund
United India Insurance co signs 7-year pact with HP
LIC first to set up pension fund company
India among the safer emerging markets
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
BHEL bags Rs 2,108-cr contract for Maithon project
Budget-08: Cut in taxes top India Inc wish list
FIIs turn to short-term bonds as yields move up
IT budgeting in US brings bad news for India
Mid-cap shares on a downward path
Tata Group emerges front-runner for Jaguar-Land Rover
PEs top choice list of IIM grads
Moser Baer to bring Kurosawa, Bergman for movie buffs
Heard on the street
Sensex makes way for heavyweights
Soros buys into Biyani's Future Capital
Fortis, DLF close to deal for setting up 15 hospitals
Burger King, Wendy's in talks with DLF for JV
Mixed view on RNRL; pegged at Rs 135
Unions support Tata's bid for Jaguar, Land Rover: Reports
M&M launches customised version of Scorpio
India Inc in top gear: Tata takes lead
Soros buys into Biyani's Future Capital
Rajesh Exports all set to launch Shubh Jewellers
MSPL to invest Rs 1,100 cr in wind energy
Hindustan Dorr Oliver bags Rs 111.50-cr order from HPCL
Wasserstein picks 12% in Euro Ceramics for Rs 60 cr
PVR plans to invest Rs 400 cr to open 250 screens
Prime Focus to acquire two US firms
Vishal Retail may sell stake for expansion: CMD
Indian telecom market to be at Rs 344,921 crore by 2012
India's steel capacity seen at 124 mn tonnes by 2011/12
India-China trade tops $27b till Sept
Sensex slide leaves investors poorer by Rs 4,13,000 crore
Varun Industries debuts at Rs 105
Varun Industries closes at 97% premium
V-Guard Industries files IPO papers
HDFC mutual plans infrastructure fund
United India Insurance co signs 7-year pact with HP
LIC first to set up pension fund company
India among the safer emerging markets
Source: www.theeconomictimes.com. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Mkts display high volatility; Sensex ends -79 points: Sify.Com
Mkts display high volatility; Sensex ends
Thanks to hectic buying in a few blue chip stocks including State Bank of India, Maruti Suzuki, ACC, ICICI Bank and Bajaj Auto during the fag end of the session, the Sensex, which was struggling deep down in the red for a long time today, very nearly settled in the positive zone.
Though it opened on a positive note and spurted 142 points to 18,744.55 in early trade this morning, the Sensex tumbled into the red soon as weak global markets and heavy outflow of funds in recent sessions dampened the mood and knocked the wind out of several blue chip stocks. The market then witnessed a few smart intra-day rallies with one blue chip or the other recording an impressive surge every now and then.
The indices had a roller-coaster ride as every sharp rally was followed by an equally sharp setback, and this trend was visible almost till the end of the session today. Still, the barometer's final loss of 76.30 points or 0.41% was quite negligible considering the fact that it was down with a staggering loss of nearly 420 points at 18,182.83 at one stage this afternoon.
While the Sensex ended the session at 18,526.32, the Nifty finished at 5519.35 with a loss of 0.75% or 41.70 points. In intra-day trades today, the Nifty hit a high of 5608.65 and a low of 5394.35. State Bank of India ended with a handsome gain of 4.05% at Rs 2241.80. ACC (2.25%), ICICI Bank (2.2%), Bajaj Auto (2.1%), Maruti Suzuki (1.65%) and Hindalco (1.05%) also closed on a firm note.
For more: Mkts display high volatility; Sensex ends
Other articles from www.sify.com
Indian firm to invest $278 m in wind energy
• Siemens bags Rs 10,100 cr orders
• BHEL bags Rs 2,108 cr contract
• 3i Infotech expands in Chennai
PVR to invest up to Rs 400 cr in 250 screens
Puravankara Projects up on AP Industrial Infra order
Varun Industries shares rise 75% on debut
Satellier bags $10-m equity funding from Sequoia Capital
Tatas eye Europe with electric Indica
More articles @ www.sify.com/finance/
Source: www.sify.com/finance/. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Thanks to hectic buying in a few blue chip stocks including State Bank of India, Maruti Suzuki, ACC, ICICI Bank and Bajaj Auto during the fag end of the session, the Sensex, which was struggling deep down in the red for a long time today, very nearly settled in the positive zone.
Though it opened on a positive note and spurted 142 points to 18,744.55 in early trade this morning, the Sensex tumbled into the red soon as weak global markets and heavy outflow of funds in recent sessions dampened the mood and knocked the wind out of several blue chip stocks. The market then witnessed a few smart intra-day rallies with one blue chip or the other recording an impressive surge every now and then.
The indices had a roller-coaster ride as every sharp rally was followed by an equally sharp setback, and this trend was visible almost till the end of the session today. Still, the barometer's final loss of 76.30 points or 0.41% was quite negligible considering the fact that it was down with a staggering loss of nearly 420 points at 18,182.83 at one stage this afternoon.
While the Sensex ended the session at 18,526.32, the Nifty finished at 5519.35 with a loss of 0.75% or 41.70 points. In intra-day trades today, the Nifty hit a high of 5608.65 and a low of 5394.35. State Bank of India ended with a handsome gain of 4.05% at Rs 2241.80. ACC (2.25%), ICICI Bank (2.2%), Bajaj Auto (2.1%), Maruti Suzuki (1.65%) and Hindalco (1.05%) also closed on a firm note.
For more: Mkts display high volatility; Sensex ends
Other articles from www.sify.com
Indian firm to invest $278 m in wind energy
• Siemens bags Rs 10,100 cr orders
• BHEL bags Rs 2,108 cr contract
• 3i Infotech expands in Chennai
PVR to invest up to Rs 400 cr in 250 screens
Puravankara Projects up on AP Industrial Infra order
Varun Industries shares rise 75% on debut
Satellier bags $10-m equity funding from Sequoia Capital
Tatas eye Europe with electric Indica
More articles @ www.sify.com/finance/
Source: www.sify.com/finance/. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
Article/Corporate/Personailty of the Day
ICICI Bank
ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 79 Billion (end-Mar 2007), a network of over 950 branches and offices, about 3600 ATMs, and 24 million customers(as of end July '07). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank's equity shares are listed in India on stock exchanges at Kolkata and Vadodara, the Stock Exchange, Mumbai and the National Stock Exchange of India Limited and its ADRs are listed on the New York Stock Exchange (NYSE).
For more, Visit: http://en.wikipedia.org/wiki/ICICI
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State Bank of India
State Bank of India (SBI) (LSE: SBID) is the largest bank in India. If one measures by the number of branch offices and employees, SBI is the largest bank in the world. Established in 1806 as Bank of Calcutta, it is the oldest commercial bank in the Indian subcontinent. SBI provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth. The government nationalized the bank in 1955, with the Reserve Bank of India taking a 60% ownership stake. In recent years the bank has focused on two priorities, 1), reducing its huge staff through Golden handshake schemes known as the Voluntary Retirement Scheme, which saw many of its best and brightest defect to the private sector, and 2), computerizing its operations.
For more, Visit: http://en.wikipedia.org/wiki/State_Bank_of_India
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
ICICI Bank (formerly Industrial Credit and Investment Corporation of India) is India's largest private sector bank in market capitalization and second largest overall in terms of assets. ICICI Bank has total assets of about USD 79 Billion (end-Mar 2007), a network of over 950 branches and offices, about 3600 ATMs, and 24 million customers(as of end July '07). ICICI Bank offers a wide range of banking products and financial services to corporate and retail customers through a variety of delivery channels and through its specialised subsidiaries and affiliates in the areas of investment banking, life and non-life insurance, venture capital and asset management. ICICI Bank's equity shares are listed in India on stock exchanges at Kolkata and Vadodara, the Stock Exchange, Mumbai and the National Stock Exchange of India Limited and its ADRs are listed on the New York Stock Exchange (NYSE).
For more, Visit: http://en.wikipedia.org/wiki/ICICI
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State Bank of India
State Bank of India (SBI) (LSE: SBID) is the largest bank in India. If one measures by the number of branch offices and employees, SBI is the largest bank in the world. Established in 1806 as Bank of Calcutta, it is the oldest commercial bank in the Indian subcontinent. SBI provides various domestic, international and NRI products and services, through its vast network in India and overseas. With an asset base of $126 billion and its reach, it is a regional banking behemoth. The government nationalized the bank in 1955, with the Reserve Bank of India taking a 60% ownership stake. In recent years the bank has focused on two priorities, 1), reducing its huge staff through Golden handshake schemes known as the Voluntary Retirement Scheme, which saw many of its best and brightest defect to the private sector, and 2), computerizing its operations.
For more, Visit: http://en.wikipedia.org/wiki/State_Bank_of_India
Source: http://en.wikipedia.org. We thank (will be grateful to) the owners of the above articles/sites/sources/Govts for allowing/referring this. We are just providing the link/information of business updates from the leading sources for the benefit of readers. Viewers are strictly advised to take own decision in Stock buying and make verification about the information. Blog is not responsible for any faulty information.
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