Friday, May 7, 2010

May 7 2010

Credo India Thematic Fund bought nearly one million shares of Gokul Refoils and Solvent Limited @ Rs. 75/- each. Gokul had reported extremely strong numbers for the quarter ended Dec 31 2009.

It is to be noted that Cresta Fund, an FII, holds close to 10% in the company.

GTL Ltd. bought close to 5 million shares in sister concern GTL Infrastructure @ Rs. 40.75/- each today. Both GTL and GTL Infrastructure (owned by Manoj Tirodkar) command market capitalization of Rs 4,000 crores each.

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