What’s buzzing in these stocks right now

Sun TV

Release of the big-budget south Indian film Enthiran now postponed to 24th September. If the film is a hit, benefits will accrue only in the December quarter. The film features Rajinikanth and Aishwarya Rai in the lead roles. The story goes something like this apparently-Rajini is a scientist who develops an android like robot with human characteristics (to help mankind) who looks like him. The robot falls in love with Aishwarya Rai. Danny Denzongpa wants the robot to do evil things. Rajini fights to save the robot and destroys the villains using the robot (source: www.enthiran.net). It is touted to be Asia's costliest film.

Sterling Holiday Resorts

Potential buyout target. Sterling is a timeshare company established in 1986. Its website says it has 115,000 members. Interestingly, in its latest result, Club Mahindra (Mahindra Holidays) said its membership was 108,041. In November 2009, the Securities and Exchange Board of India (SEBI) directed Sterling to dematerialise about 300,000 shares of the company    in the name of GIIC immediately since it had borrowed Rs50 million and repaid only Rs2,50,000.

JL Morison

Buzz is that ownership pattern to change. JL owns brands such as Bigen hair dye, Equal sugar, Zero Gravity deodorants, VO5 hair products, St Ives skin care products, and Playboy perfumes and deodorants. The promoters own 68.5% in the company (Rasoi Ltd, Hindustan Composites Ltd, Raghu Mody).

Uflex

Rights issue next month. Uflex is a flexible packaging company. It reported a consolidated net profit of Rs605 million for the June quarter, up 20% y-o-y. The company's board recently approved changing the ratio of its rights issue to one share for every three held (four earlier) and upped the fund raising limit to Rs4 billion from Rs2.5 billion. Uflex is planning to spend Rs11.5 billion over the next two years on capacity expansion.

Indian Hume Pipe

Land bank worth is said to be around Rs20 billion.

Geodesic and Aarti Drugs:  Bonus buzz.