Keynote Capitals (June-27-'11):: Buzzing Stocks

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Buzzing Stocks

·      Emami is getting ready for making a foray into food and beverage segment by testing waters with a glucose-based drink, thereby joining the league of GlaxoSmithKline and Rasna to energise the Rs6bn glucose drink market.

·      Looking to diversify into power generation, REC plans to set up renewable energy projects entailing an investment of about Rs28bn in the next five years.

·      Tata Steel and SAIL's equal joint venture, S&T Mining Company, will set up a 1.8-million-tonnes per annum (mtpa) coal washery at Bhelatand, in Jharkhand, through an investment of Rs2bn.

·      Shriram Transport Finance Company is planning to infuse around Rs10bn in its subsidiary Shriram Equipment Finance Company (SEFC).

·      ICICI Bank plans to add about 1,500 branches over a period of four years against the existing strength of about 2,500.

·      Indian Oil Corporation oil refinery plant at Paradip, which has a capacity of 15 mn tonnes per annum, is likely to be commissioned by the end of 2012.

·      L&T plans to invest about Rs850bn in Orissa in aluminium, power and steel sectors.