DAILY STOCKS REPORT: 04.07.2012
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Jul 4, 2012, 3:22:44 AM7/4/12
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DAILY STOCKS REPORT: 04.07.2012
STOCKS ALERT
(04.07.2012)
* ASHOK LEYLAND: Sold 10,244 vehicles in June, 28% higher than in the previous year.
* BALLARPUR INDUSTRIES: Plans to transfer its copier paper units to arm BILT Graphic Paper Products and transfer the arm's pulp-making unit to the company.
* BERGER PAINTS: Looking for acquisitions in domestic as well as overseas markets.
* CAIRN INDIA: Life Insurance Corp of India has raised its stake in the company to 5.03% from 4.99%.
* CIPLA: Appoints Teva Pharmaceutical's former Vice President Frank Pieters to head European respiratory drugs business.
* COAL INDIA: Production in Apr-Jun stood at 102.46 mln tn, up 6.4% from 96.31 mln tn year ago.
* EDUCOMP SOLUTIONS: 750 employees, or 5% of its workforce, put in their papers; company says it has not sacked workers.
* GUJARAT PIPAVAV PORT: To sell shares to institutional investors to raise around $37 mln to fund expansion plans.
* GVK POWER: Korea Electric Power Corp is in talks for acquiring stake in the company's power generation business.
* HERO MOTOCORP: Has launched 125cc Ignitor motorcycle at a starting price of 55,900 rupees, ex-Delhi.
* JET AIRWAYS: Senior Vice President (finance) M Shivkumar and Company Secretary Monica Chopra quit.
* KEC INTERNATIONAL: Has started commercial production of high-tension power cables of up to 33 kV at its Vadodara facility in Gujarat .
* MARG: SEBI probing the company for violation of takeover norms.
* MULTI COMMODITY EXCHANGE: Dubai Gold & Commodity Exchange, in which the company and FINANCIAL TECHNOLOGIES hold 45% stake, to soon start Sensex derivatives.
* NMDC: Does not plan to quit joint venture International Coal Ventures. Eyes coal mine acquisitions in India and abroad.
* ONMOBILE GLOBAL: Kotak Mahindra Prime and two related entities have sold 3.03% stake in the company, bringing their stake down to 2.87%.
* RELIANCE INFRASTRUCTURE: Plans capex of 17.43 bln rupees in FY13-FY16 for its power generation and transmission businesses in suburban Mumbai.
* SIRPUR PAPER MILLS: Has submitted a proposal to its lenders restructuring its debt.
* STEEL STRIPS WHEELS: Net sales in Apr-Jun rose 12.3% on year to 2.54 bln rupees. It sold 769,000 wheel rims in June down from 858,000 year ago.
* TECH MAHINDRA: Company and UK 's Serco eyeing the business process outsourcing unit of Hutchison Global Services.
* VOLTAS : Beats Koran major LG with higher market share of 18.3% in May in the air-conditioner market.
* ASHOK LEYLAND: Sold 10,244 vehicles in June, 28% higher than in the previous year.
* BALLARPUR INDUSTRIES: Plans to transfer its copier paper units to arm BILT Graphic Paper Products and transfer the arm's pulp-making unit to the company.
* BERGER PAINTS: Looking for acquisitions in domestic as well as overseas markets.
* CAIRN INDIA: Life Insurance Corp of India has raised its stake in the company to 5.03% from 4.99%.
* CIPLA: Appoints Teva Pharmaceutical's former Vice President Frank Pieters to head European respiratory drugs business.
* COAL INDIA: Production in Apr-Jun stood at 102.46 mln tn, up 6.4% from 96.31 mln tn year ago.
* EDUCOMP SOLUTIONS: 750 employees, or 5% of its workforce, put in their papers; company says it has not sacked workers.
* GUJARAT PIPAVAV PORT: To sell shares to institutional investors to raise around $37 mln to fund expansion plans.
* GVK POWER: Korea Electric Power Corp is in talks for acquiring stake in the company's power generation business.
* HERO MOTOCORP: Has launched 125cc Ignitor motorcycle at a starting price of 55,900 rupees, ex-Delhi.
* JET AIRWAYS: Senior Vice President (finance) M Shivkumar and Company Secretary Monica Chopra quit.
* KEC INTERNATIONAL: Has started commercial production of high-tension power cables of up to 33 kV at its Vadodara facility in Gujarat .
* MARG: SEBI probing the company for violation of takeover norms.
* MULTI COMMODITY EXCHANGE: Dubai Gold & Commodity Exchange, in which the company and FINANCIAL TECHNOLOGIES hold 45% stake, to soon start Sensex derivatives.
* NMDC: Does not plan to quit joint venture International Coal Ventures. Eyes coal mine acquisitions in India and abroad.
* ONMOBILE GLOBAL: Kotak Mahindra Prime and two related entities have sold 3.03% stake in the company, bringing their stake down to 2.87%.
* RELIANCE INFRASTRUCTURE: Plans capex of 17.43 bln rupees in FY13-FY16 for its power generation and transmission businesses in suburban Mumbai.
* SIRPUR PAPER MILLS: Has submitted a proposal to its lenders restructuring its debt.
* STEEL STRIPS WHEELS: Net sales in Apr-Jun rose 12.3% on year to 2.54 bln rupees. It sold 769,000 wheel rims in June down from 858,000 year ago.
* TECH MAHINDRA: Company and UK 's Serco eyeing the business process outsourcing unit of Hutchison Global Services.
* VOLTAS : Beats Koran major LG with higher market share of 18.3% in May in the air-conditioner market.
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