Buy BOC India

I recommend buying of BOC India and HFCL. BOC India board is going to allot 3.62 crore shares at minimum Rs 165 per share to promoter, Linde AG. BOC India's post allotment promoters' stake will go up from 54.8% to 73.99%. Company's 3.62 crore shares account for 42.45% of post paid equity on fully diluted basis.Linde AG said that post the preferential issue, we will be required to make an open offer to acquire a minimum of 20% equity shares of the emerging voting capital of the company (post preferential issue).

India Infoline recommends Buying of Godawari Power & Ispat CMP Rs326.5 (NSE Code: GPIL, BSE Code: 532734) for delivery with a price target of Rs420, upside of 35%.and also STAR at Rs297 for a short term delivery with price target of Rs335


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