Market Rumour

Hanung Toys & Fabrics is being cornered by knowledgeable persons. Its EPS of Rs.11 is likely to go up to Rs.17 plus in FY08 and further to Rs.30 in FY09 on the back of massive expansion of Rs.172 cr. first target is Rs.230

Market men bet on sensex touching 15500

Infosys may shock the analysts with its results , No impact on rupee appreciation

Southern Online is being corned by HNIs , keep watch on the stock

Market Forecast for 09.07.07

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Market touched life high with the help of tech stocks and market is currently inching towards 15400 /4450.. keep watching for wrong sentiments or bad news. till then, the bulls are in control of the situation..

Tommorrow, market will open flat or positive and remain long above 4377 with SL 4360 for a tgt of 4420-4435. If it breaks and sustain below 4369 keep short with SL 4385 for tgt 4320-4280. Be careful with the positions and dont sell in panic. Traders, trade intraday and mint money... keep smiling always

Everonn Systems IPO to be priced at Rs 125-140/share

Everonn Systems India Ltd will enter the capital market with its initial public offer on July 5. The Chennai-based company plans to raise Rs 50 crore via 100% book building process, the price band for which is Rs 125-140 per share. The issue closes on July 11.

Everonn Systems is a fully integrated knowledge management, education and training company that offers services like creating globally relevant educational training content, designing and executing learning initiatives.

The company intends to use the proceeds of the issue for capital expenditure in its two strategic business units--institutional education & IT infrastructure services, and virtual & technical enabled learning solutions.

It will also utilise the proceeds for mergers & acquisitions, invest in the proposed subsidiary to retail educational aids, tools and other products.

The company has entered into an agreement with Hughes Communication India Ltd, earlier called Hughes Escorts Communication Ltd, as lead partner to help it in developing business for remote education and training through satellite broad band technologies.

India China Pre IPO Equity (Mauritius) Ltd., a fund management company, invested Rs 14.06 crore in Everonn last year by subscribing to 13,27,059 equity shares of Rs 10 each at a premium of Rs 96 per share.

The book running lead manager to the issue is Centrum Capital Limited and registrar to the issue is Cameo Corporate Services Limited.

Alpa Laboratori IPO opens on 12/07/07

Alpa Laboratories Limited has emerged as a leading force on the global healthcare horizon. The company manufactures and markets a wide range of products under its own brand and to a number of pharmaceutical companies of national & international repute.The Alpa product range includes ethical drugs, over the counter drugs (OTC) and veterinary products in various formulations.
Issue Price: 62-68
IPO Opens:12-07
IPO Closes:17-07