Likhitha Infrastructure has set its IPO price band at Rs 117-120 per share as per the information shared by the company with media. The IPO will open on September 29.

Angel Broking has suggested BUY Calls for Axis Bank and infrastructure major Larsen & Toubro. For private sector banking major Axis Bank, Angel Broking has given a price target of Rs 500.

Technical analyst Sudarshan Sukhani has suggested three SELL calls and one BUY call for traders today.

Stock market research house and brokerage ShareKhan has recommended hold for Finolex Cables and Buy for IRB Infrastructure Developers in its latest stock recommendation report.

Despite a difficult economic year, HCC, the engineering construction and infrastructure development company, has reported net profit of Rs 51.4 crore for the quarter ended March, 31,2009 compared with Rs 26.41 crore in the corresponding previous quarter.

The company has registered a growth of 94.47 per cent in its fourth quarter's net profit.

However, company's net sales during the quarter dipped to Rs 1,049.86 crore from Rs 1,071.73 crore last year, down by 2.04 per cent.

Punj Lloyd Group, the diversified engineering, procurement and construction (EPC) Conglomerate, today announced three prestigious contracts worth Rs 308 crore for the construction of eight stations from the Bangalore Metro Rail Corporation.

The group is currently constructing Singapore’s Mass Rail Transit (MRT) Downtown Line’s Bayfront station at the Marina Bay, and a section of the MRT Circle Line besides projects for Delhi Metro.