| Company Name | Offer Price (Rs.) | Premium (Rs.) |
| Vaswani Ind. | 49 | Discount |
| SRS Ltd. | 58 | 2 to 3 |
| P. G. Electroplast | 190 to 210 | 3 to 3.50 |
| Prakash Constrowell | 130 to 138 |
|
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Friday, September 16, 2011
Grey Market Premium - Sep 16 2011
Daily News Roundup - Sep 16 2011
Mahindra & Mahindra said its board has approved the sale of 8.09% stake in its hospitality arm, Mahindra Holidays & Resorts India. (BS)
SpiceJet expects its new fleet of 15 Bombardier Q400 next-generation turboprop aircraft to start contributing to its bottom line in 12 to 18 months. (BS)
Tamil Nadu Newsprint and Papers Ltd plans to invest Rs3.7bn, diversifying into cement and paperboard manufacturing to derisk its business. (BS)
Sensex spurts on global bounce...RBI meet eyed
The Indian markets ended with smart gains for the second straight trading session on Wednesday with the NSE Nifty shutting above the 5050 levels while the BSE Sensex ended above 16,800 levels.
Overnight gains in the US markets coupled with positive trend across Asian as well as European markets today lifted the Indian benchmarks. Sentiment got a boost after government data showed a drop in food inflation in the early days of September.
Pause-itive at start!
"Honest differences of views and honest debate are not disunity. They are the vital process of policy making among free men." -Herbert Hoover.
Global stocks have extended their rally, fueled by coordinated central bank action to ease credit conditions in the fiscally strained Europe. The liquidity boosting measure was led by the ECB in close cooperation with the Fed, BOJ, BOE and the Swiss central bank.
Stocks to watch out today
Tata Motors August JLR Sales:
JLR Sales - Very strong sales for August especially since it tends to be a weak month seasonally. The company was reporting flat sales for the last couple of months. Growth is attributable to Chinese markets which continued to grow at 100% for JLR even in August 2011. Volume growth in Land rover was very strong , new Land rover Evoque saw 1750 units. Volume growth ex- Evoque was 20% MoM
Market may extend recent gains on firm Asian stocks; RBI policy review in focus
The market may extend two day gains on firm Asian stocks. Trading of S&P CNX Nifty futures on the Singapore stock exchange indicates a gain of 21.50 points at the opening bell.
Eleven out of twelve economists polled by Capital Market expect a 25 basis points (bps) hike in repo rate, the key short-term policy interest, from the Reserve Bank of India at its mid-quarter policy review today, 16 September 2011. The Reserve Bank of India (RBI) has said that a change in its anti-inflationary monetary stance will be motivated by signs of a sustainable downturn in inflation. The Reserve Bank of India has raised its key policy rate 11 times in the past 18 month to tame high inflation. Interest rate sensitive auto, realty and banking stocks will be in action ahead of monetary policy.
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