Thursday, November 22, 2012

Best Stocks To Buy Today 22 November

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Tata Steel: According to reports, Tata Steel Europe has hiked prices by 30 pounds/tn in the UK. Steel prices have bounced back after sharp fall in Q2.

Blue Dart: The promoters are to sell 6.03 per cent stake or 1.43 million shares in the company. They are looking to raise Rs 245 crore via stake sale. The offer for sale is expected to be launched on November 23. At present, promoter holding is at 81.03 per cent. Offer for sale is to comply with SEBI norms on promoter holding. Pricing of sale offer is likely to be declared post market close.

Spice Jet: The company is planning to issue preferential convertible debenture to promoters. The convertible securities could be converted to 52.2 million shares. The issue is likely to fetch Rs 200 crore for the airline.

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