Buzzing Stocks - Keynote Capitals (January-28-'11)

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Buzzing Stocks

·      The promoters of Cipla, India’s second-largest drug maker by sales are in negotiations to sell their stake to a global buyer.

·      L&T may sell stake in its infotech subsidiary after failing to turn it into a bigger business.

·      Reliance Power plans to expand four large coal-fired power projects by 50% to generate an additional 8,000MW of power, which may be sold at more attractive merchant rates.

·      Kingfisher to add 8 aircraft by October to arrest slide in market share.

·      Reliance Infra has commissioned the first line of a double-circuit, power transmission line connecting Solapur and Karad in Maharashtra under the Western Regional System Strengthening Scheme

·      Cummins India has entered into an agreement to sell its exhaust business.

·      SAIL proposed `80bn FPO likely to hit capital market in the current financial year.