Keynote Capitals (June-17-'11) Buzzing Stocks

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Buzzing Stocks

·      Tata Steel board has decided to sell its entire stake of 26.27% in Riversdale Mining for AUD$1.06bn.

·      Suzlon Energy has received an order from Nalco to supply turbines for Nalco’s proposed project in Andhra Pradesh.

·      NMDC finalises `3000Cr pipeline project for evacuating ore from its mines in Chattisgarh to Visakhapatnam.

·      Piramal Healthcare set to strengthen its global presence with acquisitions in talks with global players to acquire contract research facilities & critical care business.

·      GTL Infra scraps the plan to raise about $300mn on the back of adverse market conditions.

·      Coal India wants to lift the 10% cap on e-auction & intends to sell entire production through E-auction.

·      Infosys Technologies receives approval to change its name to Infosys Ltd.