The State Bank of India (SBI) is awaiting extra capital from the Finance Ministry to business growth, as well as it is planning to lift up money by public offer of shares.

SBI chairman O P Bhatt said “We are discussing with Finance Ministry on this matter and awaiting permission of them. Wealth would be increase within three months but just now we are waiting clearance.

The SBI expects to increase about 10,000 crore either rights issue or by public offer. If bank brings out Public Offer then

Government’s share would be less but in case of rights issue Government’s share would be unaffected.

O P Bhatt was participating in the meeting called by Finance Minister P Chidambaram to discuss auto component, paper industries and credit needs of auto.

“Credit growth of SBI was lower till September end than aim of 23 to 24 percent but we are expected to get up to 25% credit growth this financial year. he added.

He also said, if the credit growth remained less than target rate capital will be increase from the market.

Latest news in stock market buy at current market price Rs.32 for five month target of Rs.50.They are reported in excellent result in last quarter ended.And stock market price will be increasd.

Gujarat NRE Coke Ltd has informed BSE that community of the board of directors in this company at its gathering held on September 21, 2007 and allotted 63,43,414 shares of Rs.10 in each premium of Rs. 38.04 per share and 21,43,680 shares of Rs.10 each at best of Rs 52.50 per share of this Company.

via : poweryourtrade

 Buy at current market price Rs.177 forfive month target of Rs.200.They are reported in excellent result in last quarter ended today position is best position so i am say this company are reported in stock market price will be increased.

Bajaj Hindustan Ltd has informed BSE that the E-mail ID of complaint redress division officer have completely designed the purpose of registering complaint by investor ………

source : (http//poweryourtrade.com)

Buy Relince Capt Ltd at current market price Rs.1445 for four month target of Rs.1500.They are reported in excellent result in last quarter ended.Today this company is best position so i am say stock and stocks market price will be increased.

Net profit this company rose to 9.23% to Rs.311.45 core in last quarter ended March 2007 as against Rs.285.59 core the during previous in last quarter ended March 2006.