Buzzing Stocks - Keynote Capitals (April-5-'11)

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Buzzing Stocks

·      GVK Group set to buy Australia based Hancock coal for $8bn.

·      Aditya Birla Group denies on selling Idea Cellular after reports of group’s talks with MTN & other global companies.

·      Dabur & Emami opt out of the race to acquire controlling stake in Henkel with Jyothy Laboratories being the front runner.

·      CESC mulls acquisitions in Nigeria to bid for stake in generation & distribution companies getting privatized.

·      Gravita India acquired 60% stake in K M Udyog, to improve top and bottom line by around Rs65Cr and Rs3Cr respectively during the FY12.

·      Electrosteel Castings enters into Joint Venture Agreement (JV) with Dart Energy Ltd.

·      Central Bank of India rights issue of 24Cr shares at Rs103 per share to opens on April 7.