Keynote Capitals (June-14-'11) Buzzing Stocks

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Buzzing Stocks

·      Tata Communications has increased its effective holding in South Africa's second-biggest fixed-line phone operator Neotel to 61.5% from 49%.

·      Reliance Communications has protested BSNL's move to pull the plug on interconnections between networks of both companies in Punjab and Haryana last month over a financial dispute.

·      L&T has bagged a `1.10bn order from the West Bengal State Electricity Distribution Company to supply energy meters.

·      The Goldman Sachs unit picked up 9.1% stake in Max India for about `5.22bn (US$116mn).

·      Gitanjali Gems has acquired Italy-based jewellery firm DIT Group SpA for US$11mn.

·      Punj Lloyd has won an EPC nuclear power contract from NPCIL worth `6.78bn for critical nuclear piping work at four pressurised heavy water reactors of 700 MW each.

·      Hindustan Zinc has hiked the price of lead by 2.6% to `1,32,000 per ton in sync with the rise at the London Metal Exchange.