The Hindu Business Line : Tuesday, March 22, 2005

Reliance Equity Opportunities IPO clocks Rs 1,773 cr
RELIANCE Equity Opportunities Fund collected Rs 1,773 crore during its initial public offer, according to a company release. This fund joins Templeton Flexi Cap Fund that has mopped up substantial sums of money during the IPO. This is the ... More

STOCKS

Ministry to examine Malco's share valuation plan for buyback
TAKING note of the allegations that the valuation of shares for de-listing by the book-building process of Madras Aluminium Company Ltd (Malco) was "misleading, manipulative and non-transparent", the Ministry of Company Affairs (MCA) has decided ... More

Malco delisting: Physical shares now hold the key
EVEN as Twinstar Holdings is deciding on the cut-off price for the buyback for Malco shares, it is possible that the company may have to cross many roadblocks before it goes ahead with the delisting as planned. The cut-off price is likely to ... More

EID Parry Board approves stock split
CHENNAI: EID Parry India Ltd has informed the BSE that the board of directors of the company, at its meeting held on March 21, has, inter alia, approved sub-division (stock split) of the nominal value of equity shares from Rs 10 per ... More

TECHNICAL ANALYSIS

Range-bound movement
MONDAY'S trading activity witnessed range-bound movement. The day's market action resulted in reducing the bear count by a considerable margin. The sentiment reading of the tradable counters stands mildly bullish. Bear domination on Tuesday is ... More

STOCK MARKETS

NRC jumps on property sale talk
NRC Ltd, manufacturer of nylon tyre cord and rayon, was in the limelight on Monday. The stock gained 12.08 per cent at Rs 45 on the BSE with volumes 15.46 lakh shares; on the NSE, it closed at Rs 45.20, up 12.44 per cent, with volumes of 19.23 ... More

VBC Ferro powers ahead on growth prospects
THE VBC Ferro Alloys stock moved up by five per cent to close at Rs 150.55 on the BSE amid value-erosion in many a mid-cap counters. According to analysts and brokers, strong growth possibility due to rising demand in ferro alloy products at ... More

FOREIGN INSTITUTIONAL INVESTORS

Divi's Labs hikes FII holdings limit
DIVI'S Laboratories Ltd has informed the stock exchanges that its shareholders have approved the special resolution through postal ballot for increasing the shareholdings limits of the foreign institutional investors (FIIs) from 24 per cent to ... More

COMMENTARY

Caution knocks off early gains
After opening on a positive note, the key indices fell sharply towards the end of trading. Frontline stocks Reliance Industries, Hindustan Lever and ICICI Bank led the bearish trend. Twenty-two of the BSE Sensex constituents ... More

IPOS

Saksoft IPO opens on March 30
SAKSOFT Ltd, a software services company with focus on banking and financial services, is entering the capital market with an IPO of 25 lakh equity shares of Rs 10 each for cash, aggregating Rs 7.5 crore, said a company release. The IPO will ... More

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