Stocks in News

by khalid on 09/07/2010 · 0 comments

Bull Eye

Bull's Eye

Reliance Power :- Reliance Power is an ADAG group company. The company has raised over Rs 13,125 crore as debt from a consortium of domestic banks and financial institutions to achieve financials need for its second ultra-mega power project (UMPP) at Krishnapatnam in Andhra Pradesh. It would set up the 4,000- MW imported coal-fired project at a cost of Rs 17,500 crore, with a 75:25 debt-equity ratio.
Impact on Bull : Positive

Jubilant Organosys :- The company has decided to consolidate its business under two different companies. It will spin off its non-pharma business into a new unit called Jubilant Industries Ltd, which will focus on agri and performance polymer business (APP). It has decided to merge Speciality Molecules Ltd (SML) and Pace Marketing Specialities Ltd (PMSL) with its pharma business. Post the merger, Jubilant Organosys will be renamed as Jubilant Life Sciences Ltd.
Impact on Bull : Positive

Larsen & Toubro :- RBI has given the Infrastructure Finance Company (IFC) status to Larsoen & Toubro. So now on it will be a non-banking finance company. This would lead to easy access of fund for L&T Infrastructure Finance Company (L&T Infra), a subsidiary of Larsen & Toubro, as NBFCs engaged in infra lending can get special dispensation and will have a clear differentiation.
Impact on Bull : Positive

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