Britannia Q1 net up 17% at Rs 47.3 crore
- Filed under: Uncategorized
- Date: Jul 31,2009
Edelweiss Mutual Fund has launched Edelweiss Absolute Return Equity Fund, an open ended equity fund, that aims to generate absolute returns with low volatility over a longer tenure of time.
Shinsei Mutual Fund has launched Shinsei Industry Leaders Fund, an openended equity scheme that invest in a diversified portfolio of predominantly equity and equityrelated securities of companies identified as industry leaders.
Adani Power closed for subscription today and was subscribed 21.64 times on the back of huge subscription by qualified institutional investors. Their reserved portion subscribed 39.5 times. Deven Choksey of KR Choksey Securities believed that Adani Power as well as the whole power sector looked a good bet for long term investors.
Adani Power IPO Subscribed 14 Times at 3.00 Clock on the closing day of the IPO , Untril yesterday the IPO was not fully subscribed on the retail side and it was subscribed by 6 times or so while closing yesterdsay.
The US markets rallied, logging the highest close. It was the highest close for the Dow and SP since November, and for the Nasdaq, since October.
| Mutual Fund | Shinsei Mutual Fund |
| Scheme Type | Open Ended |
| Scheme Category | Growth |
| Launch Date | 27-Jul-2009 |
As the Nifty ended the July series on a strong note and closed above the 4550 level, equity diversified NAVs advanced sharply with advance:decline ratio of 235:9. Rally was led by shares of financial, technology, FMCG, cement, power, metal and oil marketing companies.
At 19.03 hrs (IST) The US markets opened higher. The Dow Jones Industrial Average was up 77.47 points, or 0.85%, to 9,148.19. The Nasdaq was up 18.57 points, or 0.94%, to 1,986.33 while the SP 500 was up 9.62 points, or 0.99% to 984.77.
Vishal Information Technologies Ltd has informed the market that they have decided the record date for the Bonus issue of 1:2 shares and the record date is August 7th 2009.
Ind Tra Deco Ltd has informed the market that the board on the meeting that was held on July 30th 2009 has decided to pass resolution for allotment of Bonus shares in the ratio of 2:3.
Falcon Tyres Ltd has informedthe market that in the meeting that was held today they have decided on the following items:
Bonus and Sub Division of shares.
1. Sub divides existing shares of face value of Rs 10 each into 2 shares of face value of Rs 5 each.
2. Further Board also recommended Bonus Share in ratio of 2:1 (i.e. 2 shares for every one share of face value of Rs 5 after splitting of the shares).
3. Bonus shares so issued will not entitled for dividend to be declared by Company for the Financial Year 2008-09 in the forthcoming AGM.
J Kumar Infraprojects informed the market today that it has secured orders totalling Rs 154.64 crore from various vendors.The orders is for building of roads and construction of dams.
ICICI Prudential Mutual Fund has launched R.I.G.H.T. Fund, a 10 year closeended ELSS scheme seeks to generate longterm capital appreciation from a portfolio that is invested predominantly in equity and equity related securities of large capitalization companies and emerging mid cap companies along with income tax benefit.
Sahara Mutual Fund has launched Sahara Star Value Fund, an open ended growth scheme that would invest predominantly in equity and equity related instruments of select companies based on value parameters.