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MARKETS
RECOMMENDATION:
SCI (Rs 222.90): Sell
We recommend a sell in Shipping Corporation of India (SCI) from a short-term perspective. It is evident from the charts of the Shipping Corporation of India that it has been on a medium-term downtrend from its May high of Rs 300. The stock ...
RECOMMENDATION:
Day Trading Guide
The stock is experiencing selling pressure at higher levels. We recommend a sell in this counter. ...
DERIVATIVES MARKETS:
Brokers bet higher on F&O trade
Mumbai, Aug. 18 IN a falling market, broking firms appear to be taking a higher exposure in the Futures and Options (F&O) Segment as proprietary traders. ...
STOCKS:
Hindalco down 4.5% on equity dilution plans
Another group co Grasim too slips. Hindalco Industries finished down 4.53 per cent with surge in traded quantity. Other base metal players, such as Nalco, closed flat, while Sterlite declined by 1.5 per cent. ...
VENTURE CAPITAL:
ICICI Bank to launch private equity fund for SMEs
Fund will have no linkages to ICICI Venture Funds Management Co. Kolkata, Aug. 18 ICICI Bank is planning to launch a private equity fund for the small and medium enterprises (SMEs) soon, said Mr Sanjeev Sehrawat, General Manager, Business ...
STOCKS:
IFC offloads 7.75% stake in Dabur Pharma
New Delhi, Aug. 18 World Bank’s private sector lender International Finance Corp has sold its 7.75 per cent stake in Dabur Pharma Ltd to German pharma major Fresenius Kabi. International Finance Corp held 12.14 million shares in the ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Aug. 18 The Dhanalakshmi Bank Ltd has said that Mr P. S. Prasad, who had resigned from the post of Managing Director and CEO of the Bank, was relieved from service on August ...
NEW FUND OFFER:
JP Morgan plans to launch two feeder funds
Mumbai, Aug. 18 JP Morgan Asset Management India Private Ltd plans to launch two feeder funds – JPMorgan Emerging Europe, Middle East and Africa Equity Off-shore Fund and JPMorgan JF Greater China Equity Off-Shore Fund – for which ...
PUBLIC OFFER:
Indowind may opt for follow-on issue
Chennai, Aug. 18 Having used up the Rs 81 crore it raised from an IPO last September and with more capital projects on hand, Indowind Energy Ltd (IEL) is planning to come out with a follow-on ...
BONUS ANNOUNCEMENTS:
South Indian Bank nod for ESOP, bonus issue
Kochi, Aug. 18 The 80th AGM of South Indian Bank has approved the recommendations of the board of directors to effect bonus issue, employee stock option scheme and 30 per cent dividend to the existing shareholders. ...
STOCKS:
M&M consolidating its base in China
May provide fillip to other export markets. Mahindra and Mahindra’s joint venture with the Yancheng Tractor Company in China will help the company cater to the fast-growing Chinese tractor market besides providing a fillip for its ...
DERIVATIVES MARKETS:
Nifty future premium jumps on short covering
Chennai, Aug. 18 Trading volume tumbled in listless trade on Monday at the F&O segment on the NSE. Turnover stood at Rs 39,680.22 crore against Thursday’s figure of Rs 47,643.15 crore. The Nifty August future closed the day at 4407 ...
STOCKS:
Long-term revenue visibility seen
ESIC order strengthens Bartronics’ domestic presence. Bartronics’ Rs 400-crore contract win from the Employees State Insurance Corporation (ESIC) enhances its strong domestic presence; India already contributes over 50 per cent of ...
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