Voltas surges on raising stake in JV firm

Voltas shares rose over 4% in early trade, touching the monthly high of Rs187.70, after the company bought additional 11% stake in Lalbuksh Voltas Engineering Services from its joint venture partner Lalbuksh Contracting and Trading Establishment for Rs6.65 crore.
Following the stake hike, Lalbuksh Voltas Engineering Services has become a subsidiary of Voltas effective March 31, 2011. Voltas now holds 60% stake in Lalbuksh Voltas Engineering Services from 49% earlier. Lalbuksh Voltas Engineering Services is engaged in the business of water and oil drilling, water management and landscaping in Oman.

Fortis takes over Oasis Hospitals cardiac centre in Srilanka

Fortis Malar Hospitals said it has taken over operations and management of cardiac centre at 170-bed Oasis Hospitals in Sri Lanka.
Fortis Malar Hospitals, which is a subsidiary of Fortis Healthcare (India), did not give any details of the financial involved.'We are happy to expand our presence in Sri Lanka and in partnering with Oasis Hospital. This addition is in line with our strategic objectives to expand our reach and provide access to quality healthcare to communities at affordable costs,' Fortis Healthcare (India) Zonal Director Krish Ramesh said.
The Colombo-based centre has been renamed as 'Fortis Oasis Cardiac Centre', Fortis Malar Hospitals said.
The cardiac centre will be fully equipped to cover all aspects of cardiac care ranging from prevention, diagnosis, treatment and rehabilitated cardiac care.

News on Unity infra:Expecting 1000-1500 cr worth orders this fiscal: COO, Unity Infra

 The stock has not performed well in the last month or so but I think that is true of the sector in general. As far as the order position currently goes this year we have already added 1000 crore of orders this fiscal to date plus we as a lowest bidder in another 500 crore of orders which we expect to materialise shortly.

What experts says? Unity Infra showing strenth; target Rs 102 in short term: Hemant Kale,MD,Maia Financial Services

Unity Infra, of course, has been beaten down quite a lot and the primary intermediate trend is currently down but on the shorter term, the chart is definitely showing some signs of strength. It is picking up well. On the shorter term, the price target is around Rs 102 level where profit booking can be done by a short-term player but longer-term players can definitely stay put in this stock.

4 Stocks For Next Week

Unity Infraprojects Ltd,
Cmp:67.15,
Action:Buy,
Target:150.
Delta Corp Ltd,
Cmp:85.80,
Action:Buy,
Target:125.
Fortis Healthcare Ltd,
Cmp:156.65,
Action:Buy,
Target:---
Denabank Ltd,
Cmp:106.30,
Action:Buy,
Target:150.