Buzzing Stocks -Keynote Capitals (April-27-'11)

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Buzzing Stocks

·      Oil regulator DGH has sent a team for fact-finding mission to RIL-operated KG-D6 fields to ascertain reasons for the decline in production.

·      Maruti Suzuki has put in place a new strategy to reduce its dependence on Japan for auto parts. It will source parts from new geographies such as Thailand and Germany.

·      JSW Steel has acquired 3.77% stake in Ispat Industries in an open offer, taking its total holding to 49.3%.

·      Tata Motors has reduced production of all passenger vehicles, except the Nano compact, by 15-20 per cent in April.

·      SBI intends to continue with the consolidation drive within the SBI Group and would initiate steps to gobble up an associate bank fully owned by it.

·      Thermax is setting up a greenfield plant at Kesurdi, near Shirwal, off the Pune-Ba ngalore highway for the manufacture of supercritical boilers in its 51:49 joint venture with Babcock and Wilcox.

·      Elecon Engineering has procured an order worth `298.2mn from the Mundra Port and SEZ for design and engineering and supply of material handling equipment.