Stock In Action - 21 November 2012
DSIJ Intelligence / 21 Nov 2012
According to Business Standard, GMR Infrastructure, currently developing the Male International Airport, has won a breather in its ongoing legal tussle with the Maldives Airport Company Limited (MACL). According to a statement from GMR, the High Court of Singapore on Monday dismissed the application by MACL seeking vacation of the injunctive order granted in favour of GMR Male International Airport Limited (GMIAL) on July 23 and made absolute the injunctive relief granted in favour of GMIAL which is a joint venture of GMR Infrastructure (77 per cent holding) and Malaysia Airports Holding Berhad (23 per cent holding). On the back of this news one may see volatility with a positive bias in the share price of GMR Infrastructure in today’s trading session.
According to Business Standard, Dhanlaxmi Bank continues to witness senior level exits with three more top management executives resigning from their positions in recent months. The bank is in serious trouble and has been posting losses since the last four quarters. In the past The All India Bank Officers’ Confederation had accused the bank of window-dressing its accounts to show inflated profits. On the back of this news one may see volatility with a negative bias in the share price of Dhanlaxmi Bank in today’s trading session.
According to Economic Times, the realty arm of telecom major Bharti Group is in negotiations with Mumbai-based DB Realty to buy a 49 per cent stake in a special purpose vehicle (SPV) that is developing a plot located in a hospitality district being developed near the Delhi International Airport. On the back of this news one may see volatility in the share price of Bharti Airtel in today’s trading session.
According to Economic Times, Reliance Industries (RIL) and the oil ministry have narrowed their differences over auditing of the controversial KG-D6 block and the pricing of natural gas, raising hopes of quicker approvals and development of more fields in the gas-rich region. This, in effect, removes two major hurdles that had soured the relationship between the country’s biggest private oil explorer and the petroleum ministry for more than a year. On the back of this news one may see volatility with positive bias in the share price of RIL in today’s trading session.
According to Economic Times, almost two years after breaking up with Honda and with the erstwhile Japanese partner now fast and furiously on its trail, Hero MotoCorp is pulling out all stops towards unveiling its first indigenously developed motorcycle - an all-new 250 cc sports bike at the next Auto Expo in 2014. On the back of this news one may see volatility in the share price of Hero Motocorp in today’s trading session.
According to Business Standard, Dhanlaxmi Bank continues to witness senior level exits with three more top management executives resigning from their positions in recent months. The bank is in serious trouble and has been posting losses since the last four quarters. In the past The All India Bank Officers’ Confederation had accused the bank of window-dressing its accounts to show inflated profits. On the back of this news one may see volatility with a negative bias in the share price of Dhanlaxmi Bank in today’s trading session.
According to Economic Times, the realty arm of telecom major Bharti Group is in negotiations with Mumbai-based DB Realty to buy a 49 per cent stake in a special purpose vehicle (SPV) that is developing a plot located in a hospitality district being developed near the Delhi International Airport. On the back of this news one may see volatility in the share price of Bharti Airtel in today’s trading session.
According to Economic Times, Reliance Industries (RIL) and the oil ministry have narrowed their differences over auditing of the controversial KG-D6 block and the pricing of natural gas, raising hopes of quicker approvals and development of more fields in the gas-rich region. This, in effect, removes two major hurdles that had soured the relationship between the country’s biggest private oil explorer and the petroleum ministry for more than a year. On the back of this news one may see volatility with positive bias in the share price of RIL in today’s trading session.
According to Economic Times, almost two years after breaking up with Honda and with the erstwhile Japanese partner now fast and furiously on its trail, Hero MotoCorp is pulling out all stops towards unveiling its first indigenously developed motorcycle - an all-new 250 cc sports bike at the next Auto Expo in 2014. On the back of this news one may see volatility in the share price of Hero Motocorp in today’s trading session.
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