STOCKS ALERT (29.06.2012)

[rupeedesk]

STOCKS ALERT (29.06.2012)

* ASHOK LEYLAND: Plans to raise 4-5 bln rupees of debt to support its 12-bln-rupee investment plan.

* BAJAJ AUTO: Hopes to increase market share in the 125cc segment with the launch of Discover ST bike. Company may raise prices due to rising raw material costs and a depreciating rupee.

* BIRLA CORP: May set up a cement plant in Ethiopia . The company has got the licence for limestone mining and has applied for a coal mining permit.

* BLISS GVS PHARMA: Has acquired 70% stake in Kremoint Pharma.

* CAIRN INDIA: Parent Cairn Energy plans to sell 67 mln shares, or 3.5% stake, of the Indian arm at 307-317 rupees a share.

* COAL INDIA: Has been given three de-allocated mines by the coal ministry, including two of NTPC.

* GATI: Sees its annual interest cost halving to 250 mln rupees as the company plans to retire a part of its debt though proceeds from stake sale in an arm.

* GODREJ PROPERTIES: Has launched premium residential project in Pune.

* HERO MOTOCORP: Gets the Competition Commission of India approval to merge Hero Investments with self. 

* HINDUSTAN COPPER: Is likely to launch its follow-on public offer in two-three months. 

* HINDUSTAN UNILEVER: Has launched Pureit Advanced, a manual-fill water purifier. The Intellectual Property Appellate Board has said the patent issued to

HUL's water filter brand Pureit in 2005 be revoked.

* HINDUSTAN ZINC: Plans to invest about 20.16 bln rupees to improve mining operations in Rajasthan.

* INSECTICIDES INDIA : Promoters are looking to sell part of their stake in the company.

* JAIPRAKASH POWER VENTURES: The UN body has enlisted company's Karchham plant for carbon credit.

* JJ EXPORTERS: Operations at company's Gangarampur unit have started from Jun 22.

* MAHINDRA & MAHINDRA: Mahindra Navistar Automotives is eyeing 12-13% market share in heavy commercial vehicles in next three-four years.

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* MUDRA LIFESTYLE: Has received approval for restructuring outstanding institutional debt from Corporate Debt Restructuring cell.

* MULTI COMMODITY EXCHANGE OF INDIA: Has approved appointment of Shreekant Javalgekar as managing director and chief executive officer from Aug 16

* NCC: Rakesh Jhunjhunwala and others have acquired 750,000 shares, or 0.29% stake in the company from the open market.

* NHPC: To start operations at unit 2 and 3 of Chamera Hydro Electric Project Saturday.

* OIL and NATURAL GAS CORP: Essar Projects said it has completed development of ONGC's D1 field in offshore Mumbai.

* ONMOBILE GLOBAL: A probe into a suspected misappropriation of funds is underway at the company. The company has denied any misappropriation of funds.

* ORCHID CHEMICALS & PHARMACEUTICALS: Goldman Sachs Investments Mauritius has bought 742,001 shares of the company for 115.8 rupees a share through a bulk deal on the National Stock Exchange.

* PFIZER: Appoints Aijaz Tobaccowalla as managing director from Aug 16.  US parent has sued Zydus Pharmaceuticals (USA) after the company sought

approval to market a generic version of a Pfizer drug.

* RAYMOND: Launched--MAKERS--its economy suiting and shirting brand in Gujarat .

* RELIANCE INDUSTRIES: Has bought back 900,000 shares on Jun 28.  Has refuted suggestions that it may have inflated Krishna-Godavari-D6 gas

reserves. The company's partner in the KG-D6 block has said reserves at the D1 and D3 fields could double once the government approves the integrated development plan. The company's retail arm Reliance Brands aims to open 40 stores in the current financial year.

* SHRIRAM EPC: In early talks to sell stake in Sree Jayajothi Cements.

* SPECIALITY RESTAURANTS: Has opened a new "Mainland China " restaurant in Mumbai, and as of Jun 28, the company's total number of restaurants are 74.

* STEEL AUTHORITY OF INDIA : A SAIL-led consortium may sign a final pact with Afghanistan by the end of July to develop a steel plant, a thermal power

plant, and necessary infrastructure with an investment of over $10 bln.

* TATA POWER: Buys remaining 51% in Tata BP Solar from BP Alternative.

* TATA MOTORS: Tata Sons bought 300,000 shares of TATA MOTORS on Jun 27-28 for 72.5 mln rupees.

* ZEE LEARN: Orange Mauritius Investments has bought 3.5 mln shrs of the company on Jun 27.

By RUPEE DESK

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