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DO YOU KNOW? Karuturi Global Ltd (Rs.2.56) is the world's largest producer of cut roses, having a global present in Asia, America and Europe. The company has its operation in India, Ethopia, Dubai and Kenya, diversified into agriculture, floriculture and food processing producing Pulses, Oil Seeds, Maize, Sugar, Cut Roses, Plants production and distribution, Gherkins, Baby Corn, Jalapenos and Bottled Pickles. With over 292 hectares under greenhouse cultivation, the company annually produces around 555 million stems of quality cut roses for exports to high-value markets. The company has identified agri-business as its prime growth engine and taken up cultivation in Ethiopia on a big scale to become a major player in the global agri-product market, mentions its website. Recently (August 17, 2015), ICICI Bank acquired 8.89% stake in this leading rose exporter (Karuturi Global Ltd). Therefore, accumulate the shares of the company on declines for some good returns over...

Gitanjali Gems Ltd: Buy on Declines Gitanjali Gems Ltd was recommended yesterday at around Rs.33.5. The scrip today touched an intra-day high of Rs.39, before closing at Rs.37.75 in the BSE. The company's consolidated Q1 net for the quarter ended June 2015 nearly tripled to Rs.28.05 crore when compared with Rs.10.15 crore in the corresponding quarter a year ago. Total income also surged by nearly 42 percent to Rs.2,952 crore from Rs.2,082 crore.  The scrip should be accumulated on declines as it could cross Rs.60, by this Deepawali..........

ICICI takes 8.89% in rose exporter Karuturi for Rs.25 crore New Delhi | 18 August 2015: ICICI Bank on Tuesday said it has acquired 8.89% stake in leading rose exporter Karuturi Global. "ICICI Bank Ltd (India) acquired 72,000,000 equity shares by way of invocation of pledge," ICICI Bank said in a release on BSE. As per the filing, ICICI Bank had acquired 8.89% shares in Karuturi on August 17, 2015. At yesterday's closing price of Rs.3.43 of Karuturi, the deal is valued at over Rs.24.69 crore. Karuturi Global is a leading producer of cut roses with operations spread across Ethiopia, Kenya and India. With over 292 hectares under greenhouse cultivation, the company annually produces around 555 million stems of quality cut roses for exports to high-value markets. The company has identified agri-business as its prime growth vertical and taken up cultivation in Ethiopia on a big scale to become a major player in the global agri-product market, says its website. Courtesy ...