Active Stocks

by khalid on 18/05/2009 · 0 comments

Bull Eye

Bull Eye

Piramal Healthcare has announced the launch of its first drug-free bioelectronics product,ActiPatch, for pain management in India through an agreement with the US-based, BioElectronics Corporation, the maker of anti-inflammatory medical devices and patches.

Impact on Bull : Positive

ONGC has decided to revoke the rig’s bank guarantee, as the supplier — Bharati Shipyard— has said it will be able to provide the rig only in November, five months after the original, deadline. ONGC’s move is being seen as the first step towards cancelling the five-year contract.

Impact on Bull : Negative

Dolphin Offshore Enterprises India Ltd has recommended issue of bonus shares for the approval of the shareholders in the proportion of two new equity shares for every five equity shares and also recommended 30% dividend for the approval of shareholders at the ensuing annual general meeting.

Impact on Bull : Negative

Cairn India is open to buying the 30% stake that ONGC owns in its oil block in Rajasthan. Cairn India is the operator of the block, with 70% ownership currently.

Impact on Bull : Positive

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