Following stocks are likely to be in the limelight today, December 29.
Bharat Heavy Electricals (BHEL) has secured a Rs 50.40 billion contract from Jindal Power for setting up 2,400 mw power plant in Chhattisgarh. Shares of BHEL closed down Rs 52.2, or 3.86%, at Rs 1,300.15**.
Kingfisher Airlines said that it would adopt fare reduction across its network from Jan. 1, 2008. Shares of the company closed up Rs 0.3, or 0.87%, at Rs 34.80**.
Punjab National Bank (PNB) announced that Royal Monetary Authority of Bhutan has accorded in-principle approval for setting up Druk PNB Bank, a joint venture bank between PNB and Bhutanese Promoters. Shares of the company closed down Rs 8.55, or 1.69%, at Rs 498.65**.
Jet Airways has brought up Rs 10 billion from a South-Indian Bank and a nationalized bank to meet its working capital requirements. Shares of the company closed up Rs 6.8, or 3.8%, at Rs 185.65**.
Reliance Retail, the retail arm of Reliance Industries, as part of its strategy to beat the current economic slowdown is positioning themselves as value retailer. The retailer is focusing on product pricing even as it consolidates the back-end of all its hyper, super and convenience stores referred to in the company as value formats. Shares of the company declined Rs 29.2, or 2.35%, to end at Rs 1,212**.
**Closing share prices as on Friday, December 26.
Sunday, December 28, 2008
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