Bonus Issues, Stock Splits, Rights Issues, IPO Updates: Nitin Fire Protection Industries Bonus Issue

Nitin Fire Protection Industries Bonus Issue
Record Date – Hatsun Agro Product Stock Split
Record Date – Mac Charles India Bonus Shares
Record Date – Cummins India Bonus Shares
Buy Techno Electric – Target 260
Buy Bajaj Corp – Target 155
Buy Corporation Bank – Target 805
Buy Reliance Industries – Target 1040

Nitin Fire Protection Industries Bonus Issue

Posted: 12 Sep 2011 05:48 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL The shareholders of Nitin Fire Protection Industries have passed a resolution for issue of bonus shares in the proportion of 5 bonus shares of Rs. 2 each for every 2 fully paid-up equity share of Rs. 2 each held by them. This was approved at the extraordinary [...]

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Record Date – Hatsun Agro Product Stock Split

Posted: 12 Sep 2011 05:45 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Hatsun Agro Product has fixed 04 October 2011 as the record date for the purpose of sub-division / stock split of Rs 2 per equity share of the company into equity shares of Re 1 each. Hatsun Agro Product reported net loss of Rs. 0.35 crore in [...]

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Record Date – Mac Charles India Bonus Shares

Posted: 12 Sep 2011 05:42 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Mac Charles India has fixed 15 September 2011 as the record date for the issue of bonus shares in the ratio of one equity share for every equity share held (1:1). Mac Charles India is engaged in the hospitality business with business integrated into the five-star hotel [...]

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Record Date – Cummins India Bonus Shares

Posted: 12 Sep 2011 05:37 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL Cummins India, one of the leading manufacturers of diesel and natural gas engines, has fixed September 21 as a record date for the purpose of issuing fully paid bonus equity shares in the ratio of 2:5. The shareholders will get two additional shares for every 5 shares [...]

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Buy Techno Electric – Target 260

Posted: 12 Sep 2011 05:34 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL CMP: Rs 199 Target: Rs 260 Techno Electric and Engineering Company is a power EPC company, operating across the value chain, viz, generation, transmission and distribution over the past 4-5 decades. TEEC’s strong relation with clients, ability to work on customer advances and prudent execution capability has [...]

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Buy Bajaj Corp – Target 155

Posted: 12 Sep 2011 05:33 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL CMP: Rs 126 Target: Rs 155 Following a management meet, we have a positive take-away on Bajaj Corp. The company has sustained the strong performance by its current range of hair oils. Margins are expected to further benefit from the fall in raw material prices and possible [...]

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Buy Corporation Bank – Target 805

Posted: 12 Sep 2011 05:32 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL CMP: Rs 439 Target: Rs 805 Corporation Bank is one of the leading south-based bank with a business size of above Rs 1.9 trillion. The GOI holds 58.5 per cent stake while the other major shareholder LIC holds 25.5 per cent stake. Corp Bank has managed to [...]

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Buy Reliance Industries – Target 1040

Posted: 12 Sep 2011 05:31 PM PDT

The password to see buy calls is: LIFEISCOLOURFUL The password to see buy calls is: LIFEISCOLOURFUL CMP: Rs 806 Target: Rs 1,040 We believe the broad regulatory charges on RIL, DGH and the ministry regarding violating the PSC would have no material impact on RIL as the regulators have also been criticized of being unequipped. We have trimmed our estimates for FY12 and [...]

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