TOWER TALK

Money Times - - Tower Talk -

NMDC is now in its di­a­mond ju­bilee year. This cash-rich com­pany may re­ward its share­hold­ers with a bonus is­sue or a hefty div­i­dend. Buy.

In a Satyam Com­puter style bail-out sal­va­tion pack­age, the new Board of Di­rec­tors led by Uday Ko­tak along with share­hold­ers’ nod to garner ad­di­tional funds makes the IL&FS group a de­cent buy. In­vestors will­ing to take a risk may en­ter.

Realty firm Pu­ra­vankara’s joint ven­ture Kep­pal Land is buy­ing land worth Rs.450 crore for con­struct­ing a 1,60,000 sq.ft. re­tail cum of­fice fa­cil­ity. Buy. Although Sun Phar­ma­ceu­ti­cal In­dus­tries faces chal­lenges in the US mar­kets, the man­age­ment ex­pects bet­ter rev­enue re­al­i­sa­tion and higher prof­itabil­ity there. Buy.

The govern­ment plans to blend LPG with methanol in or­der to re­duce the cost of home cylin­ders. Buy Bharat

Pe­tro­leum Cor­po­ra­tion and In­dian Oil Cor­po­ra­tion. Also since ONGC has de­ferred its stake sale in IOC for want of higher prices this makes IOC an ex­cel­lent long-term buy.

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