Stocks In News

her oil prices lifted energy companies' shares, Asian markets were trading mixed.

Reports suggest NIIT Technologies is in preliminary discussions with private equity players Carlyle and TPG to sell a majority stake. Promoters currently hold 40 per cent stake in the company. According to reports, they may sell anywhere between 25 per cent and 40 per cent in the company. This would trigger an open offer, where investors can buy an additional 20 per cent in NIIT Technologies. The stock closed 0.85 per cent lower at Rs 333.

The Bajaj family feud could see some impact on its group companies’ shares. The tussle took a new twist with Shishir Bajaj strengthening his control over Bajaj Hindusthan. The brothers at war, Rahul and Shishir, had Thursday decided to terminate a family settlement agreement after prolonged peace talks. Bajaj Hindusthan shares closed 10.3 per cent lower at Rs 170.

BHEL has projected that their sales will rise by 20 per cent in this financial year. BHEL expects to win most of the power equipment orders likely to be placed by the government in the Eleventh five year plan (2007-2012). This could augur well for the company’s shares. The stock ended 2.6 per cent higher at Rs 2040.70.