Stocks In Action: November 30, 2012
DSIJ Intelligence / 30 Nov 2012
BHEL yesterday said that it is executing a Rs 3,395 crore order for Uttar Pradesh Rajya Vidyut Utpadan Nigam for two 500 units of Anpara thermal power station located in Sonebhadra district. The company has also received orders for Uttar Pradesh Rajya Vidyut Utpadan Nigam for the renovation and modernisation of the Obra thermal power station in the state. This would result in an upswing in the stock price of BHEL today.
Bayer CropScience announced that it has sold its property in Thane for Rs 1,250 crore to Agile Real Estate, wherein the former has received Rs 520 crore as earnest money and advance payment. The aggregate consideration would be transacted once the property is transferred to Agile. This announcement would result in the stock price of Bayer CropScience going up today.
Cinemax India said that it is selling 69.27 per cent stake to PVR for a sum of Rs 395 crore at Rs 203.65 per share. The PVR Board also approved an offer for additional 26 per cent shares. Although the share prices of Cinemax India and PVR surged by 4.99 per cent and 7.83 per cent respectively yesterday, these stocks are expected to see volatility today as well.
Bharti Airtel’s tower arm, Bharti Infratel, has received regulatory approval for its planned USD 800 million initial public offering (IPO). Bharti Infratel’s share sale is scheduled to open on December 10 for anchor investors, and a day later to the public, according to Business Standard. This is likely to result in an upward trend in the share price of Bharti Airtel today.
Coal India (CIL) said that it has lined up investment plans to the tune of Rs 50,000 crore for the next five years. Of this, Rs 24,500 crore would be towards capital expenditure. At the same time, CIL is also looking for acquisition of assets overseas. The company’s managing director, S Narsing Rao, told the media that a project is being pursued in South Africa. However, it is in the early stages. This would result in an uptrend in the stock price of CIL today.
Bayer CropScience announced that it has sold its property in Thane for Rs 1,250 crore to Agile Real Estate, wherein the former has received Rs 520 crore as earnest money and advance payment. The aggregate consideration would be transacted once the property is transferred to Agile. This announcement would result in the stock price of Bayer CropScience going up today.
Cinemax India said that it is selling 69.27 per cent stake to PVR for a sum of Rs 395 crore at Rs 203.65 per share. The PVR Board also approved an offer for additional 26 per cent shares. Although the share prices of Cinemax India and PVR surged by 4.99 per cent and 7.83 per cent respectively yesterday, these stocks are expected to see volatility today as well.
Bharti Airtel’s tower arm, Bharti Infratel, has received regulatory approval for its planned USD 800 million initial public offering (IPO). Bharti Infratel’s share sale is scheduled to open on December 10 for anchor investors, and a day later to the public, according to Business Standard. This is likely to result in an upward trend in the share price of Bharti Airtel today.
Coal India (CIL) said that it has lined up investment plans to the tune of Rs 50,000 crore for the next five years. Of this, Rs 24,500 crore would be towards capital expenditure. At the same time, CIL is also looking for acquisition of assets overseas. The company’s managing director, S Narsing Rao, told the media that a project is being pursued in South Africa. However, it is in the early stages. This would result in an uptrend in the stock price of CIL today.
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