From time to time Stockinvest.in team makes an effort to track stocks which are in news for various reason. These stocks are usually not an immediate investment opportunity as their full potential will be realized later on.
The idea of mentioning these stocks is to keep track of them and invest in such stocks when the time is right.
The following stocks were in news in August 2008. How the stock market movement and later day developments in the share market effect such stocks is visible to everyone who tracks the Indian stock markets.
Stocks in news:
Bajaj Auto:
French auto major Renault has opened a second front with ultra-low-cost car partner Bajaj Auto by inviting the Pune-based two-wheeler maker to pick up stake in Renault Nissan Automotive India, which is setting up a $1-billion greenfield plant in Chennai. The company is also negotiating with Bajaj to extend the ultra-low-cost car partnership to include marketing, sales and distribution of Renault vehicles to be made in Chennai.
M&M:
Mahindra & Mahindra is going to foray into the two-wheeler segment by agreeing to buy the assets of Kinetic Motor Company for Rs 110 crore. M&M will buy the assets through a new company called Mahindra Kinetic Scooters and Motorcycles, which will own the assets of the Pune-based Kinetic Motor. M&M will own 80 per cent of the new company. Kinetic Motor, which makes two-wheelers, will own 20% in the new joint venture firm.
Ranbaxy:
The stock of Ranbaxy made some handsome gains from the beginning of 2008 but was hammered down lately on the news flow of investigation by US Justice Department in company’s affairs.
The US Department of Justice intends to withdraw its motion to enforce subpoenas on Ranbaxy Laboratories after the Indian major submits the entire audit documents sought by the federal authorities.
Axis Bank:
The government is mulling a proposal to sell part of the equity holdings it controls in Axis Bank through qualified institutional placement to a wide base of investors. The plan envisages offering over 21 per cent of Axis Bank’s equity held on behalf of the government by the Specified Undertaking of UTI to a broad-based set of investors.
UTV:
Minority shareholders of of Sony Entertainment Television (SET), now called Multi Screen Media (MSM), who hold 32 per cent stake in MSM, had earlier reached an agreement to sell their stake to billionaire-industrialist B K Modi. However, the future of that agreement is now in some doubt. It is learnt that Indian entertainment company UTV, along with Disney, is in discussion with Sony Pictures Entertainment to see if they could buy the 32 per cent stake.
Torrent Pharma:
Japan’s pharma giant Takeda Pharmaceutical is keenly eyeing Ahmedabad-based Torrent Pharmaceuticals as a possible acquisition.
Videocon:
The Dhoots of Videocon group have offered to buy Mahendra Nahata’s 36 per cent stake in all-India mobile licence holder Datacom Solutions.
ITC:
FMCG major ITC is planning to acquire an US-based IT company through its subsidiary ITC Infotech India.
New offers on the cards:
The central government is planning to list at least three state-run hydropower companies, reports mint. Satluj Jal Vidyut Nigam, Thehri Hydroelectric Development Corporation and North Eastern Electric Power Corporation may soon enter capital market.
Keeping an eye on the news flow can help you make decisions about the stocks you might want to invest in. The future prospect of any company depends on its present status and future plans. The foray of these established players into new areas can add value to their stock and make them an attractive investment idea.
Always keep the basics of stock market investing in your mind when investing in stocks. The management of the company, past track record in project implementation and execution, cash flows, debt, product and product market, turn over, profits and the growth rate are some the factors you should consider while investing in a stock.
The idea of mentioning these stocks is to keep track of them and invest in such stocks when the time is right.
The following stocks were in news in August 2008. How the stock market movement and later day developments in the share market effect such stocks is visible to everyone who tracks the Indian stock markets.
Stocks in news:
Bajaj Auto:
French auto major Renault has opened a second front with ultra-low-cost car partner Bajaj Auto by inviting the Pune-based two-wheeler maker to pick up stake in Renault Nissan Automotive India, which is setting up a $1-billion greenfield plant in Chennai. The company is also negotiating with Bajaj to extend the ultra-low-cost car partnership to include marketing, sales and distribution of Renault vehicles to be made in Chennai.
M&M:
Mahindra & Mahindra is going to foray into the two-wheeler segment by agreeing to buy the assets of Kinetic Motor Company for Rs 110 crore. M&M will buy the assets through a new company called Mahindra Kinetic Scooters and Motorcycles, which will own the assets of the Pune-based Kinetic Motor. M&M will own 80 per cent of the new company. Kinetic Motor, which makes two-wheelers, will own 20% in the new joint venture firm.
Ranbaxy:
The stock of Ranbaxy made some handsome gains from the beginning of 2008 but was hammered down lately on the news flow of investigation by US Justice Department in company’s affairs.
The US Department of Justice intends to withdraw its motion to enforce subpoenas on Ranbaxy Laboratories after the Indian major submits the entire audit documents sought by the federal authorities.
Axis Bank:
The government is mulling a proposal to sell part of the equity holdings it controls in Axis Bank through qualified institutional placement to a wide base of investors. The plan envisages offering over 21 per cent of Axis Bank’s equity held on behalf of the government by the Specified Undertaking of UTI to a broad-based set of investors.
UTV:
Minority shareholders of of Sony Entertainment Television (SET), now called Multi Screen Media (MSM), who hold 32 per cent stake in MSM, had earlier reached an agreement to sell their stake to billionaire-industrialist B K Modi. However, the future of that agreement is now in some doubt. It is learnt that Indian entertainment company UTV, along with Disney, is in discussion with Sony Pictures Entertainment to see if they could buy the 32 per cent stake.
Torrent Pharma:
Japan’s pharma giant Takeda Pharmaceutical is keenly eyeing Ahmedabad-based Torrent Pharmaceuticals as a possible acquisition.
Videocon:
The Dhoots of Videocon group have offered to buy Mahendra Nahata’s 36 per cent stake in all-India mobile licence holder Datacom Solutions.
ITC:
FMCG major ITC is planning to acquire an US-based IT company through its subsidiary ITC Infotech India.
New offers on the cards:
The central government is planning to list at least three state-run hydropower companies, reports mint. Satluj Jal Vidyut Nigam, Thehri Hydroelectric Development Corporation and North Eastern Electric Power Corporation may soon enter capital market.
Keeping an eye on the news flow can help you make decisions about the stocks you might want to invest in. The future prospect of any company depends on its present status and future plans. The foray of these established players into new areas can add value to their stock and make them an attractive investment idea.
Always keep the basics of stock market investing in your mind when investing in stocks. The management of the company, past track record in project implementation and execution, cash flows, debt, product and product market, turn over, profits and the growth rate are some the factors you should consider while investing in a stock.
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