Stocks in News

by khalid on 04/02/2010 · 0 comments

Bull Eye

Bull's Eye

Larsen & Toubro : The company has received projects worth Rs 1100 crores to construct residential towers, warehouses and a factory. The projects involve residential towers in Ghatkopar, Mumbai at a cost of Rs 500 crores, warehouses in Khurja, Uttar Pradesh for Rs 305
crores, a mall in Kolkata and a factory building in Samalkha, Haryana for Rs 295 crore. The order was bagged by L&T’s buildings and factories operating company, part of its construction division.
Impact on Bull : Positive

Inox Leisure : The company owned by Gujarat Fluorochemicals Ltd (GFL), has acquired the 43.28% promoters’ stake in Fame India for Rs 66.48 crores in an all cash transaction. The deal has valued Fame at Rs 153.6 crores. The transaction, which was executed through a block deal at Rs 44 per share, will now make the Inox-Fame entity the second largest player in the Indian multiplex industry in terms of number of screens. It will
have 204 screens, of which Fame accounts for 95 and Inox for 109.
Impact on Bull : Positive

Supreme Infrastructure : The company has bagged three projects worth Rs 363.94 crores from different agencies for construction related works. The company has bagged a road project worth Rs 340 crore from Maharashtra Public Works Department for fourlaning of 64 km of Manor-Wada-Bhiwandi road. The construction period for the project is 24 months and the toll would be operated for 20 years and 10 months by the company upon completion. Besides, the firm has bagged another order worth Rs 17 crores from International Society for Krishna Consciousness (ISKCON) for the construction of a school and temple building in Mumbai. Further, the company has also bagged a contract from Mumbai Metropolitan Region Development Authority (MMRDA) worth Rs 6.94 crores for various construction related work’
Impact on Bull : Positive

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