Thursday, 21 March 2013

Investment stocks



* CAIRN INDIA:  Will start commercial sale of gas from its Rajasthan block
to fertiliser firms in Gujarat from this month. (ET)

* GAIL INDIA: Is likely to see its costs rocket in case output from Krishna
Godavari basin's D-6 block falls further. (DNA)

* GODREJ CONSUMER PRODUCTS: Its Indonesian arm has completed the
sale of its non-core foods business (NW18)

* HERO MOTOCORP: Plans to spend 11 bln rupees as capital expenditure
in 2013-14 (Apr-Mar) to build on its position as the market leader in the
two-wheeler space. (ET)

* HINDUSTAN UNILEVER: Has told some analysts that it has cut prices of
soaps, barring its Hamam brand, by 12-20% in Jan-Mar. (NW18)

* HOUSING DEVELOPMENT FINANCE CORP: Will raise at least 2.5 bln
rupees through 15-month bonds, carrying a coupon rate of 9.09%.
(NW18)

* INDIAN OIL CORP: Sri Lankan government has taken back a part of the
strategic oil storage depot from the company's subsidiary in the island
nation; the company said the move is "purely commercial". (NW18)

* STEEL AUTHORITY OF INDIA: The floor price for the offer for sale in the
company has been fixed at 63 rupees per share. (NW18)

* WIPRO: Has received approval from the Karnataka High Court for its
proposed demerger of consumer durables business from core
information technology operations. (NW18)

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