Buzzing Stocks - Keynote Capitals (February-18-'11)

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Buzzing Stocks

·      The government will expedite a decision on the controversial US$9.6bn Cairn-Vedanta deal but it will not accept any deadline from private companies.

·      IOC is losing a record Rs2.4bn per day on selling auto and cooking fuel below cost as government continues to bar it from raising rates in line with spurt in raw material cost.

·      Glenmark Pharmaceuticals has filed an application for human trials in Netherlands for its molecule 'GRC 17536', which aims to treat pain and respiratory disorders.

·      PTC India Financial Services, an arm of PTC India, is in the process of raising up to Rs1bn through the issuance of infrastructure bonds.

·      GVK Power and Infrastructure is in advanced talks to buy a coal mine owned by Australias Hancock Prospecting.

·      Gujarat NRE Coking Coal Ltd, Australian subsidiary of Gujarat NRE Coke, will invest about US$200mn a year over the next two years to expand and modernise its coking coal mines.

·      Moser Baer India will offer end-to-end data security solutions inclusive of authentication keys, licensing tokens, mobile solutions and secure storage.