Prakash Industries Ltd has informed BSE that an Extra Ordinary General Meeting (EGM) of the members of the Company will be held on December 28, 2007, inter alia, to transact the following:

1. Authority to the Board to offer, issue and allot in one or more tranches and upon such terms and conditions and in such manner as may be deemed appropriate by the Board, not more than 62,50,000 equity shares of Rs 10/- each to Mutual Fund(s) / Financial Institution(s) / Foreign Institutional Investor(s) / Bodies Corporate(s) / NRI(s) for cash consideration at a price of Rs 190/- each (i.e. at a premium of Rs l80/- per share) by way of preferential allotment to the following proposed allottees, subject to necessary provisions and approvals:

(a) J M Financial Ventures Ltd: 1,000,000 no of equity shares

(b) Deutsche Securities Mauritius Ltd: 2,500,000 no of equity shares

(c) BRLP Mauritius Holdings II: 897,000 no of equity shares

(d) BROMLP Mauritius Holdings II: 603,000 no of equity shares

(e) Divya Shakti Trading Services Ltd: 1,250,000 no of equity shares

2. Authority to the Board to offer, issue and allot in one or more tranches and upon such terms and conditions and in such manner as may be deemed appropriate by the Board, not more than 112,50,000 Warrants to Mutual Fund(s) / Financial Institution(s) / Foreign Institutional Investor(s) / Bodies Corporate(s) / NRI(s) and Promoters & their Associates at a price of Rs 190/- per warrant with an option to subscribe to one Equity Share of Rs 10/- each per warrant (i.e. at a premium of Rs 180/- per share) by way of preferential allotment to the following proposed allottees, subject to necessary provisions and approvals:

- Non Promoters

(a) Deutsche Securities Mauritius Ltd: 1,250,000 no of warrants

(b) Divya Shaicti Trading Services Ltd: 3,500,000 no of warrants

- Promoters and their associates

(a) Prakash Industrial Finance Ltd: 2,500,000 no of warrants

(b) Prakash Capital Services Ltd: 2,500,000 no of warrants

(c) Techdrive Software Ltd: 700,000 no of warrants

(d) Excel Fincap Pvt. Ltd: 800,000 no of warrants

Uma Petroproducts India Ltd has informed BSE that the Board of Directors of the Company at its meeting held on November 21, 2007, has considered and approved the following:

1. Increase in Authorised Capital from Rs 6,00,00,000/- (Rupees Six Crores) to Rs 10,00,00,000/- (Rupees Ten Crores).

1. Split up the shares of Rs 10/- (Rupees Ten Only) each into shares of Rs 1/- (Rupees One Only) each.

3. Issue of Preference Shares on preferential basis to raise further capital.

4. To obtain approval of Shareholders for the above matters by way of Postal Ballot.
They are reported in batter excellent result in last quarter ended.So I am Say Stock And Stock Market price will be increased.The current Stock Market price is Rs.24 for three month target of Rs.50.

Indian rupee touched new peak of 9-1/2 years high on Friday as dollar buying by state run banks and weak Asian markets. Record gain of Indian stocks market is also one reason behind rupee boost.

Some traders are expecting that Central Bank can buy dollars to test rupee’s growth. The rupee was closed at 39.30 per dollar on Thursday meanwhile the changeable rupee was at 39.35/36 in early trading on Friday. The rupee touched peak of 39.27 on Thursday it is strongest position of rupee since March 1998.

The rupee along with Bombay Stock Exchange (BSE) Sensex made a record high for the 15^th times out of 16 sessions. Foreigners have bought 3.2 billion dollars this month while they have been bought total 16.2 billion dollar of shares yet now. Foreign funds have bought around 200 million dollars of shares in the National Stock Exchange (NSE) on Thursday.

The Central Bank has bought 38.1 billion dollars since January to July of 2007,  according to the traders Central Bank has increased purchases of dollars in the last few weeks to hold the rupee.      

Buy Sesa Goa share at current market price Rs.2876 for short term target of  Rs.2950. Last quarter result of Sesa Goa  was good and its share may go up in coming weeks.     

 Sesa Goa announced that company’s revenue was up14 percent at Rs.2584 million (Rs.258.40 crore) in comparison of Rs.2262 million ( Rs.226 crore) on YoY basis. Its net profit will go up 2 percent at Rs.262 million (Rs.26 crore) during the same quarter Vs Rs.257 million (Rs.25.7) YoY.                

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