Insider Reports

Tata Consultancy Services may get $ 1.5 bn contract from UK based Insurance Provider

Tata Consultancy ServicesAt 10:32 am, Tata Consultancy Services is quoting at Rs 1,078.20, and up Rs 22.10, or 2.09%. The Stock reached an
intraday high of Rs 1,097.85 and an intraday low of Rs 1,072.

The reports from reliable sources suggest that the company may have a new contract worth USD 1.5 bn from Prudential Insurance of UK.

The stock is dealing with volumes of 27,780 shares. On Friday, the share closed down at Rs 1,056.10, 2.91% or Rs 31.70.

Block Deal In CBoP, Stock Gains 2.60%

Centurion Bank of PunjabCenturion Bank of Punjab is quoting at Rs 41.40, up Rs 1.05, or 2.60%, and touched an intraday high of Rs 42 and an intraday low of Rs 40.30.

There was a block deal of 20 lakh CBoP shares

It is trading with volumes of 604,788 shares. Yesterday the share closed up 4.13% or Rs 1.60 at Rs 40.35. in FII Segment at Rs 47 per share.

Centurion Bank of Punjab is a new generation private sector bank offering a broad range of retail, SME and corporate banking products and services. The bank has a total network of 279 branches and 408 ATMs.

Block Deal Lifts EIH

In early hours, EIH gained 3.10% to Rs 104.60 as a big block deal executed at Rs 102 per share on Bombay Stock Exchange.

The company’s share price touched a highest peak of Rs 105 and a low of Rs 100.95 during the day. On 13 September 2006, the scrip has had its 52-week high of Rs 127.

The block deal was of 19 lakh shares and was struck today. The overall volume was 19.58 lakh shares and the average daily volume in the stock was 50,051 shares in the past one quarter.

Ankit Metal & Power IPO Gets Total Bids For 95.90 Lakh Shares

On third day of Ankit Metal & Power IPO, the issue was subscribed for just 0.25 times. The initial public offering (IPO) got total biddings for 24.03 lakh shares from entire issue size of 95.90 lakh shares.

Foreign Institutional Investors (FIIs) bid for 11.10 lakh shares. Domestic Financial Institutions and Mutual Funds made no biddings.

On the other hand, Non Institutional Investors bid for 11.10 lakh shares. The retail investors bid for 1.82 lakh shares, out of which 1.52 lakh share were bid at shortcut rate and 29,070 shares were bid at price.

Ankit Metal and Power Limited is a Kolkatta based company that makes steel billets, re-rolled products and sponge iron. This is a 5 year old company endorses by Mr. Suresh Patni.

Cadila Healthcare Mounts On back of Fund Raising Plan

Cadila HealthcareZydus Cadila Healthcare’s stock jumped 4.76% to Rs 363.30 on the BSE on a plan to raise $100 million from foreign markets. The scrip had touched a high peak of Rs 364.50 and a low of Rs 345.

During the last month, the company’s share price had soared in the range of Rs 320-Rs 335. On 15 June 2007, it climbed from Rs 332.80 on 8 June 2007 to Rs 346.80.

The company's board has sanctioned a plan to issue foreign currency convertible bonds (FCCBs) or such other instruments with green shoe option for this purpose

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