Construction and civil engineering firm Hindustan Construction Company (HCC) has informed that Bank of India has invested Rs 150 crore in Lavasa Corporation Ltd (LAVASA), a subsidiary of HCC (Hindustan Construction Company Ltd) in the form of Convertible Debentures. 

Based on the above investment, the equity valuation of LAVASA gets reconfirmed at Rs 10000 crore. Earlier, Axis Bank Ltd had invested Rs 250 crore at the same valuation. 

Oilfield services firm Aban Offshore has informed that it has entered into an agreement with Husky Oil for leasing its jack up rig 'Deep Driller 5' offshore for drilling operation in China. .

According to official sources, the three-month contract would yield estimated revenue of $38.70 million (Rs 178 crore), for Aban Offshore, Subject to the fulfillment of conditions.

The deployment is to commence in direct continuation of its present contract, which is anticipated in the first quarter of 2009.

Anand Rathi Securities has suggested a buy call for Tata Motors with a medium term target of Rs 520. Investors can consider entering the stock at current levels with a stop loss of Rs 399.

Tata Motors looks good for medium term as the 14-day RSI shows signs of stock being oversold. Tata Motors recently announced its plans to foray in to Electric Car market.

Brokerage has also suggested a buy call for JP Associates. Investors can consider buying the stock at current price with a stop loss of Rs 168. The stock can go above Rs 230 levels in medium term. Above Rs 235, the stock may test Rs 255 as well.

Beijing - Stocks in mainland Chin