Stocks in News : DLF, Bharat Hotels, MIC

Here are some recent developments that have been reported in newspapers and would influence the price movement of the concerned stocks

Dubai Ventures buys stake in Suri-owned Bharat Hotels
ET reports that Dubai Ventures has signed an agreement for an equity investment of $40 million, approximately five percent, stake in Bharat Hotels Ltd., one of India's largest hotel companies. Bharat Hotels currently operates InterContinental The Grand hotels in New Delhi, Mumbai, Goa and Srinagar as well as The Grand Ashok Bangalore, The Grand Laxmi Vilas Palace Udaipur and The Grand Temple View Khajuraho.

MIC Electronics to list on 30th May on NSE & BSE
The company had priced its IPO at Rs 150 per share. The IPO had received overwhelming response and was subscribed over 50 times. Investment Guru expects the stock to list in the range of 190-210.

DLF IPO opens on June 11, Sets price band at Rs. 500-550
The much awaited and discussed IPO is all set to open on June 11. Investment Guru Blog would bring a update on DLF IPO soon.

ITC Q4 net profit up 15% at Rs 651 cr
The company registered Q4 net profit up 14.7% at Rs 651 crore versus Rs 567.5 crore on YoY basis. During corresponding quarters, the company registered net sales of Rs 3466 crore versus Rs 2784.5 crore on YoY basis. During the full year FY07, the company's net profit was at Rs 2,699.97 crore and its net sales was at Rs 12,369.30 crore versus Rs 9,790.5 crore on YoY basis.