Buzzing Stocks- Keynote Capitals (February-3-'11)

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Buzzing Stocks

·      Hindustan Unilever has set a target to more than double its turnover in just 4 years to `500bn.

·      Mercator Lines will invest Rs2.5bn to develop coal mines in Indonesia.

·      Rolta has been awarded a `0.4bn contract for digital topographic mapping from Oman's Supreme Committee for Town Planning.

·      NALCO) has decided to go for capital restructuring by splitting a share of `10 into 2 shares of `5.

·      HCC has been awarded a Rs3.45bn worth EPC contract by Sardar Sarovar Narmada Nigam Ltd.

·      The government has exempted state-owned companies such as MMTC and STC from mandatory supply of 15% of imported precious metals to exporters.

·      Persistent Systems has entered into a definitive agreement to acquire the OPD business of Infospectrum Inc and its subsidiary- Infospectrum India Private Limited.

·      Allahabad Bank is planning to set up nine branches in Gujarat with at least four of them in rural area by September 2011.