Plans to hive off 3 manufacturing units into a wholly owned subsidiary.
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It was a good listing day for Real Estate Developer Housing Development and Infrastructure (HDIL), ended at Rs 559.35, up 11.87%, with volumes of 2,85,89,358 shares on the NSE.
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Atul Suri, Analyst, Marathon Trends, said that despite minor hiccups the markets would touch their lifetime highs. “From 1999-2000, the markets have had a global bull run. Asian, Latin American, Europe, North American especially the SP 500 are all near their alltime highs, he said.
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VK Sharma of Anagram Stock Broking thinks that technically, markets are very clear. The trendline has been broken, which was formed out of the lows on April 2 and May 11.
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Rajat K Bose says the Nifty will get support at the level of 4,100. He adds there is no reason why the Index does not get the support at that level.
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Mumbai, July 24 ING Mutual Fund has launched a close-ended bond scheme, ING Fixed Maturity Fund Series XXVIII. The new fund offer opens on July 24 and closes on July 27. The minimum application amount is Rs 5,000. The fund provides ...
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Anil Manghnani of Modern Shares and Stock Brokers is of the view that one could trade on the declines but from an investment point of view, this is not the market to be in.
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Rising disposable incomes, a multiplex boom, the entry of corporate investors into film production and the advent of digital technology are reviving an industry that not so long ago was in severe decline
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Crisil has come out with report on Vascon Engineers IPO. The firm has assigned its IPO Grade 3/5 to the proposed initial public offering of Vascon Engineers (VEL). VEL proposed public issue of 10,680,000 equity shares aims to raise Rs 3 billion to Rs 4 billion.
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Talking about the short tem trend of market, technical analyst Anil Manghnani said that the market correction was due, though it showed a lot of resistance at 4300 on the Nifty, and he was not surprised that it happened last week.
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Gwalior Chemical Industries is open for subscription with an initial public offering of equity shares aggregating to Rs 80 crore through a 100% book build process. Keynote Capitals says that investors should subscribe to this issue with a medium term view.
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Wockhardt Hospitals, one of the largest private healthcare services companies in India based on the number of hospital beds, is entering capital market with an IPO of 25,087,097 equity shares of Rs 10 each. SPA Securities has advised to ignore the issue.
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Omaxe, a real estate player, is open for subscription with a public issue of 1.78 crore equity shares of Rs 10 each. Prabhudas Lilladher has advised to subscribe the issue.
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Technical analyst Rajat Bose of rajatkbose.com said that most scripts, which touched their 52week highs or alltime highs yesterday, came off their highs and closed near the day's low.
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Sudarshan Sukhani, Technical Trends, suggests traders to take long positions in momentary stocks in the FO segemnet on the Nifty. He sees less risk in the long positions.
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