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Friday, September 26, 2014

Equity Tips
Coal India stock down 2%... Govt may sell 10% stake in Co
Shares of Coal India down 2% on reports that government is planning to launch fund raising next month by selling 10% stake in the company.

Sun Pharma, Ranbaxy Laboratories rally over 5%
Shares of Sun Pharmaceutical Industries and Ranbaxy Laboratories have rallied over 5% each in otherwise subdued market report that suggests that a team of US FDA inspectors, which recently conducted a surprise audit on a Gujarat unit of Sun Pharmaceutical , has submitted Form 483.

Submission of Form 483 means the FDA team found certain procedural issues with respect to the plant's running and seeks corrective action but may not imply an immediate import ban.

Financial Technologies gains on signing fresh tech deal with MCX
Financial Technologies has surged 7%, after company said it concluded the renegotiation of technology supply agreement with Multi Commodity Exchange of India.

JK Tyre stock down 2%...Board approves Sub-division of equity shares
Shares of JK Tyre & Industries Ltd was down 2% after the Board of Directors of the Company at its meeting held on September 25, 2014, has approved sub-division of one  Equity Share of the Face Value of Rs. 10/- each into Five Equity Shares of Face Value of Rs. 2/- each.

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