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Wednesday, October 28, 2015

Equity Tips
Natco launches Hepcinat Lp in Nepal
Natco Pharma Ltd has submitted a copy of Press Release dated October 28, 2015 titled 'NATCO launches HEPCINAT LP in Nepal'.

Petronet LNG likely to face Rs10,000 crore hit in RasGas deal
Petronet LNG likely to face Rs10,000-crore hit in the deal with RasGas. The contract is long term sourcing contract of LNG at fixed price. This price is very high compared to current LNG prices after global energy price crash and it is under compulsory obligation to purchase it at high prices. Petronet is hoping to negotiate the contract. – Sentimentally negative for Petronet LNG.
                                                                                               
Bajaj Auto launches 3 variants of Avenger starting from Rs75,000
Bajaj Auto has launched three new variants of its cruiser motorcycle ie Avenger. The 220cc Avenger will now be avaible in two variants named Street and Cruise priced at Rs84,000 ex-showroom Delhi. Both the variants will be powered by a 220cc engine with a power output of 18bhp. Additionally the company has launched a 150cc variant of the Avenger with a power of 13bhp. The launch of the new Avenger varinats is expected to improve volumes for Bajaj in the segment and hence is a positive.
                                                                                             
Wipro wins 5-Year Strategic Engagement with Coop Norge
Wipro Ltd has informed regarding a Press Release dated October 28, 2015 titled 'Wipro Wins 5-Year Strategic Engagement with Coop Norge Handel AS'.
                                                                                             
Maruti Suzuki to seek minority shareholder approval for Gujarat plant
Maruti Suzuki to seek minority shareholder approval for Gujarat plant from November 16 . Maruti Suzuki will seek an approval from minority shareholders on the Gujarat plant proposal from November 16. The voting will be through postal ballot as well as online and will be open till December 15. The results will be declared on December 17th. As per the proposal the Gujarat plant will be constructed by a direct subsidiary of Maruti’s parent ie Suzuki Motor, Japan and will have a production agreement with Maruti. As per the current schedule the Gujarat plant will be operational by May 2017.
                                                                 
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