Shares of Sagar Cements will remain active next week, as the company board is meeting on July 15 to consider a proposal to sell its 47 per cent stake in Vicat Sagar Cement Pvt Ltd, its joint venture with France’s Vicat group, which operates a 2.75-mt cement plant in Gulbarga. Sagar Cements had earlier denied any such plans. Though valuation and other financial terms are not known, it was widely expected that the stake sale may fetch about ₹4,000 crore.

Budget to keep Rly stocks on track

Rail stocks, which have been buzzing on the bourses since the new government took charge in May, will continue to hog the limelight as the Railway Budget is presented on July 8. As the Railway Minister Sadananda Gowda has been emphasising on safety, security and passenger amenities, the Budget is expected to unveil a series of steps in this direction. Titagarh Wagons, Kalindee Rail Nirman, Kernex Microsystems and Texmaco Rail Engg will remain in focus.

F&O trading ban may hurt them

Shares of Dish TV, GMR Infra, HDIL, IB Real Estate and Unitech may come under pressure next week, as the NSE has banned trading in them in the derivatives segment. With traders being keen to benefit from pre-Budget opportunities, the ban could impact their plans as well as the stocks. The NSE banned trading in them as derivative contracts crossed 95 per cent of the market-wide position limit. This means clients can now only decrease their positions.

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