Galleon Hedge Fund,Which currently has asset worth 3.7 billion dollar around the world have some major investement in SriLanka and also some fund in India , As for now we know that they have 7.04 percent stake in broking firm Edelweiss Capital and a 4.61 percent stake in Shriram EPC, Out of the two Edelweiss already is feeling the Heat, on the contrary Shriram EPC is up by 30 rs today , One more news they also hold .22 percent of stake in Pipav Shipyard at 80 rs which they brought through Pre IPO market.
Not sure if this is rumor or real but there is new floating around everywhere that Tata Motors will be launching a new SUV in 2010 , the SUV will be made on the platform of Tata Xover and it will be directly competing with Toyota Innova & Mahindra Xylo.It is being developed by team of 140 engineers at Tata Motors UK Centre.
Gwalior Chemicals which hit upper circuit of 5 percent today , opened at 98 rs and closed at 103 , and the reason might be that german based Lanxess might buy stake in the company , not sure if it was rumor or news .
Larsen toubro went up by 4.35 percent today because there was rumor or news that its planning to sell its 11 percent stake in Ultratech cemnet through block deal today and likely buyers might be AV Birla Group.It went up today to a high of 1546 and alow of 1460 and settled at 1519 .
NHPC IPO which filed DHRP almost in 2008 , may come out with the ipo by endif july or august 2009.The size of the IPO is likely to be between 2000-3000 crore , with this market condition im sure everyone will try to come out with the delayed IPO and have some fund out of it .
Oil Prices might be Decontrolled by the new government , this news was enough for the oil stocks to go up , the new government might decide on not controlling the Auto Oil prices any more and will allow company to decide on it, this has spurted all the Oil Stocks.
Track the Oil and Gas Stocks here
Reliance power stock which was quoting at almost 130 rs is trading at 160 rs in just 2 days , The wave is not really because of the total market effect but because of a real or a rumor news that 20 cr worth of reliance power share might be offered in a block deal via book-built route for 3000 crore at 150 per share.