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Monday, September 25, 2006

Movers & Shakers

  • Godrej Industries inched up on reports that its subsidiary Godrej Agrovet will form a joint venture for the palm oil business with IJM Plantations Berhad of Malaysia.
  • Brady & Morris Engineering hit the upper circuit on announcing a 1:1 bonus issue.
  • Mefcom Agro surged on the acquisition of a stake in Gypcrete Building India.
  • Southern Ispat slipped despite announcing the signing of a MoU with KSIDC.
  • Gateway Distriparks eased in spite of entering into a joint venture with the Chakiat group.
  • Kamla Dials inched lower despite announcing a 2:3 right issue. 

Merrill Lynch - Reliance Communications

We are raising our price target on RCom to Rs385 (vs Rs345 earlier).

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Gayatri Projects IPO

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Sharekhan Eagle Eye - Sept 26

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Sharekhan Investor's Eye - Sept 25

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PLIndia - Gail

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Thanks Ashis