Buzzing Stocks - Keynote Capitals (March-29-'11)

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Buzzing Stocks

·      ONGC has bagged 10 of the 33 oil and gas exploration blocks that received bids at the close of the ninth licensing round.

·      Reliance Infrastructure has announced Rs10bnshare buy-back implying 8.34% shares from public shareholders.

·      Reliance Industries has bid for two deep sea blocks in the Andaman Basin in the Bay of Bengal and four onshore blocks in Rajasthan and Gujarat.

·      Dr Reddy laboratories has launched levocetirizine tablets, a generic version of Belgian drug maker UCB's allergy drug Xyzal, in the US.

·      TCS has bagged an order from Australian financial institution CUA for deployment of its banking solution.

·      Idea would invest Rs42bn in 3G network infrastructure, including erecting around 16,000 towers by March, 2012.

·      Power Grid Corp has sought sectoral regulator CERC's permission to utilise existing electricity transmission infrastructure for telecommunication purposes.

·      ITC Hotels, the hotels division of the tobacco-to hospitality major ITC, is foraying into retail mall and service apartments.

·      SREI Infrastructure Finance has been classified as Infrastructure Finance Company by the RBI.