BUY and SELL calls from Rajat Bose and Ashwani Gujral

Rajat Bose:
Sell ITC with a stop loss above Rs 187.25 for a target of Rs 181

Buy Tata Steel with a stop loss below Rs 503 for a target of Rs 516

Ashwani Gujral:
Buy Tata Motors with a stop loss of Rs 825-830 for a target of Rs 910

Buy BPCL with a stop loss of Rs 360 for a target of Rs 420

Rap Media planning for Rights Issue

Rap Media Ltd has informed BSE that the Company is planning to issue further capital on Rights Issues Basis. The Board of Directors is meeting for that purpose on September 28, 2006. The Company has appointed M/s UTI Securities Ltd as Merchant Bankers to the issue. The Merchant Bankers have advised that the Company is required to obtain before filing draft Letter of Offer to SEBI & other concerned authorities.

Vipul Board to consider bonus issue / stock split

Vipul Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 27, 2006, inter alia, to consider the following business:

1. Issue of bonus shares and / or sub-division of equity shares.
2. Increase In authorized capital.
3. Issue of shares on preferential basis and
4. Issue of shares under Employee Stock Options Scheme.

Change in Circuit filter on BSE for Banco Products and Techno Electric Engg Co.

There is change in Circuit filter on BSE for following two scrips.. which we shall know about.

 

Stock Code: 500039; Stock Name: Banco Products (India); New Circuit Filter: 5%

Stock Code: 505397; Stock Name: Techno Electric & Engg Co.; New Circuit Filter: 10%

Brady & Morris Board recommends bonus issue

Brady & Morris Engineering Company Ltd has informed BSE that the Board of Directors of the Company at its meeting held on September 23, 2006 has decided to issue Bonus Shares in the ratio of one share for every share held by utilizing the free reserves under Reserves & Surplus by way of amount lying in the Profit and Loss Account of the Company.

Further the Company has informed that the authorized Share capital of the Company is Rs 250 Lacs. While the existing issued, subscribed & fully paid up equity share capital is Rs 75 Lacs, consequent to the issue of said Bonus shares in the ratio of one share for every share held, the subscribed & fully paid up equity share capital of the Company will increase to Rs 150 Lacs.

Pantaloon Retail Board to consider Stock Split

Pantaloon Retail India Ltd has informed BSE that a meeting of the Board of Directors of the Company will be held on September 30, 2006, inter alia, to consider and approve the following:

1. The audited financial results for the last Quarter and year ended June 30, 2006.
2. To recommend Dividend.
3. Fix the Book Closure Dates for purpose of dividend to be declared in the ensuing Annual General Meeting.
4. sub-division of equity shares of the Company.

Siyaram Silk fixes Record Date for Bonus Issue

Siyaram Silk Mills Ltd has informed BSE that October 20, 2006 has been fixed as a Record Date for the purpose of Bonus issue.

 

They approved the bonus issues on 22nd September 2006 in this announcement on bseindia.com

 

Siyaram Silk members approve Bonus issue

Siyaram Silk Mills Ltd has informed BSE that the members at the 28th Annual General Meeting (AGM) of the Company held on September 16, 2006, inter alia, have accorded to the Board of Directors of the company, for capitalization of such sum standing to the credit of the company's share premium account as is permissible to be utilized for the purpose, as may be considered necessary by the Board for the purpose of issue of bonus shares of Rs 10/- each, credited as fully paid up shares to the holders of the existing equity shares of the company, whose names appear in the Register of Members, on such date as may be fixed in this regard, by the Board of Directors, in the proportion of one equity share for every two existing equity shares held by them (no fractional entitlements) and that the new Bonus Shares so issued and allotted shall be treated for all purposes as an increase of the nominal amount of the Equity Share Capital of the Company held by each such member and not as income and the said Equity Shares be issued and allotted, subject to necessary provisions and approvals.