Street Signs

SMART EYE

 Tele shopping network
Bharti Tele Ventures (BTV) has seen enough of the frangipani last week. Street hawks talk of a block deal of Rs 1,350 crore whereby a clutch of FIIs are known to have bought BTV shares from private equity fund Warburg Pincus.

 Back home, Uncle Sam is said to have bought a humungous chunk of 2.07 crore shares at Rs 216 on Wednesday. BTV had posted upbeat results and sector specialists speak of surging volumes going forward.  Gassing up
Jeweller Fund has bought a huge chunk of Indraprastha Gas, buying 30 lakh shares on Friday at Rs 99.49. Priced One Brokerage had recently put out an outperformer rating on the stock with a target price of Rs 140 in 18 months, citing its monopoly as the sole gas retailer in Delhi and robust earnings growth prospects.  Meanwhile, Tumble Ton is known to have bought 2.9 lakh shares of Gujarat Gas at Rs 680. Analysts had been tom tomming about the growth in the combined heat and power segment and thrust on initiatives such as CNG and new applications.  Flying high
Royal Airways has been flying high with block deals happening one after the other at the counter. The latest to check in has been Jeweller Fund which bought 15 lakh shares at Rs 52.  No-frill airlines are currently the rage and Royal knows a gravy train when it sees one and is known to be looking to hop on soon. The scrip is flying on rarified air, gaining 900 per cent in four months.  Mr AB Amre had bought 1.27 lakh shares of Hindustan Construction (HCC) at Rs 379 on Tuesday. Peace Brokerage had been upbeat about stock since early last year.  HCC is in the possession of a well-diversified order-book worth Rs 40 billion which was expected to drive earnings at a CAGR of 31 per cent over FY04-FY06.  In other deals, frangipani High Society General was busy at the Asian Hotels counter and had sold off 5 lakh and 4.4 lakh shares of the scrip in two tranches at Rs 342 and Rs 340 on Monday and Tuesday.  Papa's Pride Fund was known to have sold off 2 lakh shares of Bayer at Rs 265 on Monday.