(May-18-'11) Buzzing stocks - Keynote Capitals

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Buzzing Stocks

·      IOCL now plans to invest Rs45bn in a polypropylene project at its Paradip refinery.

·      Ambuja Cements has sought more time from thestate government for executing its proposed green field cement plant at Nadikudi in Guntur district.

·      JSW Steel will raise about Rs106bn debt incurrent financial year for its proposed steel plant in West Bengal.

·      Wipro Consumer Care and Lighting re-launched ayurvedic soap brand Chandrika with new packaging.

·      Aurobindo Pharma Australia Pty Ltd has received approval for Risperidone and Alendronate tablets from the Therapeutic Goods Administration, Australia.

·      Indian Overseas Bank has revised its deposit rates upwards with immediate effect.

·      Oceana Therapeutics, a New Jersey-based pharmaceutical company, has entered into an exclusive multi-year agreement with Dr Reddy’s Laboratories giving it rights for the sale and distribution of Deflux in India.