BOC India: Buyback price rumoured to be revised to Rs375. Mid-June, Linde Holdings Netherlands BV announced that it would buy back 8.98 million shares in BOC India at a minimum price of Rs225.29. The CMP is Rs293. The company recorded strong quarterly results for June.
Spanco: There is talk of good results coming up from the company (net profit figure of Rs220 million-Rs250 million floating around). The fall on the last trading day of last week was rumoured to be due to an Ahmedabad-based operator offloading stocks. Also, there is talk that Spanco has been signed on for creating mobile banking software for SBI.
Areva T&D:There is some talk of the open offer being revised from Rs295 to Rs350.
Shipping stocks: All these stocks are rising on speculation that the wheat shortage due to the drought in Russia will kick-start dry bulk movement around the globe.
Gitanjali Gems: There is talk of real-estate development kicking off in a big way. This is not exactly a rumour since managing director Mehul Choksi himself has said in a recent interview that the company plans to develop 100,000 square feet of commercial real estate in addition to the 400,000 square feet of land it is already developing in Mumbai's suburbs. However, the talk in the market is that it is taking on millions of square feet.
RCom: There is buzz that the Etisalat deal to be announced this month @ Rs250 per share (CMP Rs173); on the other hand, there are rumours of problems in its books. There has been talk that Etisalat is looking at acquiring a 25% stake in RCom.
National Steel: It is looking to bring a Russian player on board. The company is a part of the Ruchi Group of Industries and has manufacturing facilities in central India.
Piramal Health: It might merge Piramal Life with itself. This rumour has gained momentum after a company official apparently told a member of the press on the sidelines of its 63rd Annual General Meeting in July that it is weighing this move.
Kingfisher Airlines: There are rumours of a PE fund and Rakesh Jhunjhunwala accumulating in the company.
VIP Industries: There are some rumours of Mr Jhunjhunwala adding to his holdings in the company. Please note that in June 2010 itself, Mr Jhunjhunwala's holdings went up to 5.8% from 4.5% earlier.
Walchandnagar Industries: There is some speculation over a possible bonus issue. Be warned that there is a possibility of some accounting (provisioning) issues in this company.
Tide Water: There is some talk of a possible bonus issue and a stock split.
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