Comments
Tribunal meet to keep DLF in focus
DLF shares willl remain in focus as the Securities Appellate Tribunal will hear DLF and its senior executives’ plea against SEBI ruling on Wednesday. The tribunal, last month, clubbed the petition from DLF’s promoters with the company’s main plea against SEBI order. The regulator had banned DLF, its chairman KP Singh and five other senior officials from the securities market for three years for alleged non-disclosure in the 2007 IPO documents.
Preferential allotment may drag Cigniti
Shares of Cigniti will be in focus, as the company alloted its shaes to promoters at a discount to current market price. According to a statement to the exchanges, its board on Tuesday approved allotment of 17.89 lakh equity shares to promoters and others on preferential basis at ₹356 a share. The board, however, deferred to Wednesday the allotment of balance equity shares of 25.357 lakh equity shares. The stock on Tuesday ended at ₹464.20, up 1.14 per cent
Weak price may dullen cement stocks
Shares of cement firms such as Ultratech Cement, ACC and Ambuja Cements may come under pressure on the bourses, as prices continue to slide. According to reports, these comanies have cut prices in the range of ₹5 to ₹20 a bag this month. They had cut prices last month as well. Though demand-supply currently is not balanced, analysts said, pick up in economy and the government thrust on highway construction will boost demand for these firms.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.