Stock News

Indian Stock Market News

BHEL :- It is getting hammered severely and has gone below 2300. It is becoming more attractive on every fall. Fundamentally very good long term play.
After sigining MOU with TN govt for power projects ,Bhel has begun negotiations to set up joint ventures with state government institutions in Maharashtra, Orissa and Uttar Pradesh, which will not only generate steady orders for the firm but potentially block out emerging rivals.

Bhel keep receiving flak for delays in power projects, but it has plans for new plants which will eventually improve the capacity.

BHEL is eyeing thaw in its relationship with NTPC. They have entered into joint venture for producing capital goods and NTPC may give nod to buy super critical boilers from BHEL instead of competitive bids.

RIL :- Reliance Industries may post more than 1 billion dollars of profit with quarter. May hive of E&P division and then Reliance Retail.

GMR , Reliance Energy and total 23 bidders have bid for amritsar airport modernization project.

ADAG :- After acquiring Adlabs, 10% stake in INOX is heavily bullish on Media and Entertainment space.Reliance Entertainment has acquired 250 cinema houses in the US. The company has plans to make 25-30 films all of which will go into production this year. Zapak.com is also ADAG group company.