The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
The Business Standard's Smart Investor (SI) reports focus on in-depth analysis and timely news concerning strategic investment trends, business deals, and financial manoeuvres within the corporate world.
Broader markets outperform
Banks and IT scrips lead gains
Tata Power is the top Sensex gainer, up nearly 2%
Auto shares drop while banks shine
Private banks, metal shares among top Sensex gainers
Select banks - Axis Bank, Yes Bank in focus
Sensex opens higher by 26 pts
Redeemed the outstanding FCCB of $134.7 mn including redemption premium of $38 mn on the due date
Breadth positive as 1,406 stocks advance while 606 decline
HSBC, which holds around 5% stake each in these banks, is likely to raise up to Rs 2,450 crore by selling its stake
Sees a healthy jump in volumes
Production to remain suspended between June 28 to June 30
The board had earlier approved issue of bonus shares in the ratio of 1:2
More than 350,000 shares have changed hands on these counters in opening deals on the NSE
As of June 25, 2012, the company has purchased 4.10 million equity shares at a total consideration of Rs 46.36 crore.
Morgan Stanley Asia (Singapore) PTE bought 950,000 shares at Rs 131 per share
The stock is outperforming the market by surging 43% in past four days, compared to 0.26% fall in the benchmark Sensex
Promoter shareholding, currently at 45.21%, needs to be brought down to 20% as per the directive
The company has redeemed the outstanding $80 million FCCBs on due date through internal accruals.
Analysts at Prabhudas Lilladher have recommended a BUY rating on the stock