Stocks in News

by khalid on 10/03/2010 · 0 comments

Bull Eye

Bull's Eye

Patel Engineering is a construction and infrastructure company. The company has received coal linkage for its proposed 1050 MW (3X 350MW) thermal project at Nagapattinam, Tamil Nadu. The linkages have been approved by the government under the Eleventh Plan Period and deliveries are expected in 24 months.
Impact on Bull : Positive

Jagran Prakashan : UK-based media house Independent News & Media (INM) sold 7.5% or over half of its remaining holding in publishing group Jagran Prakashan for Rs 255 crore to a bunch of domestic and foreign funds. Block deal data on exchanges show INM sold the
shares at Rs 111 a share, a discount of 9.3% to Jagran’s closing price of Rs 122.40 a share on the Bombay Stock Exchange on Monday. The deal happened yesterday.
Impact on Bull : Neutral

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