The company has called a meeting of its board of directors on May 28 to consider raising funds via securities issue.
Benchmark shares indices seem to be consolidating at current levels as investors turned cautious and booked profits ahead of the general elections results
Adani Enterprises, Srei Infra, Indiabulls Real Estate, BEML, IVRCL, HCC, Prestige Estates and HDIL are up more than 4% each on BSE.
The market breadth in BSE remains firm with 1,216 advancing and 835 shares declining
Bank of India, PNB, Canara Bank, Union Bank of India, Andhra Bank and Allahabad Bank are up 2-3% on NSE.
Around 7 million shares representing 1.1% of total equity capital of the company have changed hands on the NSE.
BSE Auto and Capital Goods indices have slipped by nearly 1% each
Markets are likely to open higher but gains are likely to be capped amid profit taking at higher levels.
Committee recommends issue of DRs by any Indian company on wide ranging securities
For the quarter, its sales grew 2.9% over March 2013 quarter to Rs 2,313 cr and net profit fell 7.1% to Rs 259 cr
Gujarat Pipavav has a positive structural story, with better days ahead; however, the stock seems expensive
A weak US product pipeline for FY15 is compounded by near-term concerns on the pharma services business
Aggressive bets on equities this time around
BHEL, BEL, BEML, Oriental Bank of Commerce, Power Finance have rallied more than 5%
Buying frenzy continues after polls project a Modi win
Nifty, Bank Nifty, BHEL, Tata Motors & Dabur
Markets ended at record highs for the third straight session as exit polls showed that the BJP-led NDA is set to form a stable government
Markets ended at record highs for the third straight session as exit polls showed that the BJP-led NDA is set to form a stable government