Buzzing Stocks - Keynote Capitals (February-24-'11)

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Buzzing Stocks

·      SAIL has signed an agreement with Afripalm Resources to set up a steel plant in South Africa at an investment of $2.94bn

·      Hero Group get the approval from the Foreign Investment Promotion Board (FIPB) to raise `4,500Cr from overseas investors.

·      Muscat-based Kitara Capital has invested about `78Cr for a significant minority stake in TVS Automobile Solutions.

·      Jubilant Foodworks may tie up with Dunkin' Donuts.

·      Rating agency Moody's has raised Reliance Industries' credit outlook from stable to positive on anticipation of better financials post RIL's proposed $7.2bn deal with global oil major BP.

·      Gammon India said it has bagged two orders worth `1,947Cr from Chennai Metro Rail Ltd (CMRL) for the design and construction of seven underground stations.

·      Madhucon Projects has won a National Highways Authority of India order worth `12bn.

·      Man Infra has signed a pact with STFA , a Turkish infrastructure firm, for port and marine construction in India.