Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Zenith Birla Bonus Issue

Zenith Birla Bonus Issue
Reliance Communications Shareholders Get Free Shares of Merged Entity with GTL Infra
Stock Market Calendar – 28-Jun-2010
Buy Recommendation – NHPC
Avoid Suzlon Energy Rights Issue

Posted: 27 Jun 2010 07:23 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Zenith Birla (India) jumped almost 16% to Rs 28 after the company’s board declared a 1:5 bonus issue to commemorate Golden Jubilee year of the company. The company’s equity capital is Rs 108.10 crore. Face value per share is Rs 10. Zenith Birla (India)’s board also recommended a [...]

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Reliance Communications Shareholders Get Free Shares of Merged Entity with GTL Infra

Posted: 27 Jun 2010 07:12 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL The country’s second-largest wireless carrier, Reliance Communications (RCOM), on Sunday hived off its tower business to GTL Infrastructure for Rs 50,000 crore ($11 billion). The RCOM-GTL deal does not include the optic fibre network of over 200,000 km and related assets owned by Rel Infratel, which [...]

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Stock Market Calendar – 28-Jun-2010

Posted: 27 Jun 2010 07:03 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Abirami Financial Services (India) Ltd. AGM 28/06/2010 Aditya Birla Money Ltd. AGM 28/06/2010 AML Steel Ltd. Board Meeting : Audited Results Apollo Finvest (India) Ltd. Board Meeting : Audited Results & Delisting of Shares Aqua Logistics Ltd. Board Meeting : Stock split & Others Empee Sugars and Chemicals Ltd. AGM 28/06/2010 Gamma Infoway Exalt Ltd. EGM 28/06/2010 – inter alia,...

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Buy Recommendation – NHPC

Posted: 27 Jun 2010 06:28 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Investors with a three-year horizon can consider buying the stock of NHPC, the largest hydropower generator. The stock is trading at reasonable valuations even as earnings are expected to grow at a strong pace over the next four years, thanks to higher capacity additions. The company proposes to [...]

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Avoid Suzlon Energy Rights Issue

Posted: 27 Jun 2010 06:21 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Shareholders can refrain from applying to the rights offer made by Suzlon Energy, as the additional capital from the rights is unlikely to be earnings-accretive in the medium-term. The offer’s primary objective is to discharge certain loans availed of by the company from the promoter group. The [...]

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