A private MF bets strong on Indiabulls Real Estate
Shares of Indiabulls Real Estate seem to have caught the attention of a leading private mutual fund. Going by market grapevine, the mutual fund known for its aggressive bets has been buying in the stock at different levels over the past few weeks, even as FIIs or foreign institutional investors have been exiting the stock. On the BSE, the stock rose by 3.8% on Wednesday to end at Rs 151.65, but has been an underperformer for the past few months having lost more than 10% in the past one month. As the realty sector has been one of the most pummelled sectors in recent times, analysts believe that these stocks could see a good bounce from current levels in days to come. Also, the fundamentals of the company seem attractive, as the company reported decent fourth quarter numbers.
Edelweiss keen on banking foray, awaits RBI norms
Mumbai-based financial services firm Edelweiss is eyeing a banking foray, according to investment bankers. It will be joining the growing list of corporates, including Anil Ambani-promoted Reliance group, Aditya Birla group, Shriram Capital and Religare, which have already made known their intentions to seek a banking licence. Most of the players are waiting for the Reserve Bank of India (RBI) to come out with a fresh set of guidelines that would allow new private players in the banking sector after which they are expected to approach RBI for a banking licence.
Overseas acquisition buzz lifts Aqua Logistics
Mumbai-based logistics and supply chain company Aqua Logistics has been witnessing a sustained accumulation by funds and HNIs. It has gained over 30% in the past one month on the back of acquisition talks. According to market grapevine, the company is looking to acquire a company in Thailand in liquid gas and in Indonesia for coal chartering. The acquisitions are expected to allow Aqua to increase its geographical presence and compete with multinationals. The stock closed at Rs 451, up over 2% from the previous close. The company came out with an IPO early this year for purchasing specialised equipment, expansion of offices and funding-proposed acquisition, among others. It has recently announced acquisition of three companies in Hong Kong through its wholly-owned subsidiary Aqua Logistics HK. As an external service provider, Aqua services include multimodal transportation, contract logistics, warehousing and project logistics. When contacted, MS Sayad, VC, Aqua Logistics said that the talks are at a preliminary stage and nothing has been finalised yet.
Contributed by Harish Rao & Reena Zachariah
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Tata Steel posts a hefty Rs 2,009-cr loss in FY10 /
BHEL Q4 net jumps 42% to Rs 1,910 cr
Stock Analysis: Opto circuits
Result analysis: BHEL
Zensar Tech zooms 8% on bonus issue
Src: All Leading Business Websites.
Shares of Indiabulls Real Estate seem to have caught the attention of a leading private mutual fund. Going by market grapevine, the mutual fund known for its aggressive bets has been buying in the stock at different levels over the past few weeks, even as FIIs or foreign institutional investors have been exiting the stock. On the BSE, the stock rose by 3.8% on Wednesday to end at Rs 151.65, but has been an underperformer for the past few months having lost more than 10% in the past one month. As the realty sector has been one of the most pummelled sectors in recent times, analysts believe that these stocks could see a good bounce from current levels in days to come. Also, the fundamentals of the company seem attractive, as the company reported decent fourth quarter numbers.
Edelweiss keen on banking foray, awaits RBI norms
Mumbai-based financial services firm Edelweiss is eyeing a banking foray, according to investment bankers. It will be joining the growing list of corporates, including Anil Ambani-promoted Reliance group, Aditya Birla group, Shriram Capital and Religare, which have already made known their intentions to seek a banking licence. Most of the players are waiting for the Reserve Bank of India (RBI) to come out with a fresh set of guidelines that would allow new private players in the banking sector after which they are expected to approach RBI for a banking licence.
Overseas acquisition buzz lifts Aqua Logistics
Mumbai-based logistics and supply chain company Aqua Logistics has been witnessing a sustained accumulation by funds and HNIs. It has gained over 30% in the past one month on the back of acquisition talks. According to market grapevine, the company is looking to acquire a company in Thailand in liquid gas and in Indonesia for coal chartering. The acquisitions are expected to allow Aqua to increase its geographical presence and compete with multinationals. The stock closed at Rs 451, up over 2% from the previous close. The company came out with an IPO early this year for purchasing specialised equipment, expansion of offices and funding-proposed acquisition, among others. It has recently announced acquisition of three companies in Hong Kong through its wholly-owned subsidiary Aqua Logistics HK. As an external service provider, Aqua services include multimodal transportation, contract logistics, warehousing and project logistics. When contacted, MS Sayad, VC, Aqua Logistics said that the talks are at a preliminary stage and nothing has been finalised yet.
Contributed by Harish Rao & Reena Zachariah
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Markets may see flat-to-negative opening
Deccan Chronicle
Jyothy Labs
DB Corp
SBI, Dena Bank, Man Industries, Kotak Mahindra Bank
Hindustan Unilever Limited
Tata Power Limited
Edelweiss Capital
Kaveri Seeds
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Tata Steel posts a hefty Rs 2,009-cr loss in FY10 /
Tata Steel posts loss in FY10, better than forecast
Mahindra to acquire 55.2% stake in RevaBHEL Q4 net jumps 42% to Rs 1,910 cr
Stock Analysis: Opto circuits
Result analysis: BHEL
Zensar Tech zooms 8% on bonus issue
Src: All Leading Business Websites.
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