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MARKETS
RECOMMENDATION:
Jindal Saw (Rs 615.40): Buy
We recommend a buy in Jindal Saw from a short-term trading perspective. It is apparent from the charts of the stock that it has been on a steady medium-term uptrend since its 52-week low of Rs 450, recorded in early July. From this bottom, ...
RECOMMENDATION:
Day Trading Guide
We retain our previous view of initiating fresh short-positions if the stock declines below Rs 585, with tight ...
REGULATORY BODIES & RULINGS:
SEBI may curb announcements in buyback period
Companies may face curbs on coming up with a `buy-back' offer for purchase of shares even as the market is still in the process of discovering a `fair price' for delisting of the shares of the ...
STOCK MARKETS:
European FIIs pick up US funds selling
Deutsche Securities, Swiss Finance make bulk purchases. Mumbai, Sept. 24 It appears that while US-based financial institutions have been selling Indian equities, a large proportion of what they are offloading is being picked up by non-US-based ...
STOCKS:
Govt proposal passed at Gujarat Mineral Development Corp AGM
Amid a clear discontent among shareholders at the annual general meeting of Gujarat Mineral Development Corporation Ltd, the resolution to keep aside 30 per cent of its profit before tax was passed with a ...
STOCKS:
Sterlite moves up sharply; MALCO turns volatile
It's back to square one for the shareholders of Vedanta Group companies, Sterlite Industries and Madras Aluminium Company (MALCO) after the promoters on Wednesday shelved its proposed ...
STOCKS:
Arbitrage opportunity in Tata Steel pref shares
Convertible preference shares trade at 8.6% discount. Kolkata, Sept. 24 Tata Steel cumulative convertible preference shares (CCPS) are trading at 8.6 per cent discount to its ordinary shares creating a swap opportunity for ...
OPEN OFFERS:
Zandu Pharma moves SAT on open offer
Emami offer scheduled to open on Friday. Mumbai, Sept. 24 Zandu Pharmaceutical Works has appealed against SEBI’s clearance of the open offer by Emami for an additional 20 per cent of Zandu’s shares. And the issue comes up for ...
ANNOUNCEMENTS:
Corporate developments
Coimbatore, Sept. 24 Golden Tobacco Ltd’s board of directors, at its meeting held on September 24, has decided to de-merge tobacco and realty businesses into two separate companies and approved issue of one equity ...
BONUS ANNOUNCEMENTS:
South Indian Bank fixes date for bonus issue
Kochi, Sept. 24 The board of directors of South Indian Bank has fixed October 17, as the record date for the purpose of issue of bonus shares. The bonus issue will be in the 1:4 ratio - that is one bonus share for every four equity shares held ...
STOCKS:
Sterlite revamp call-off allays investors’ fears
As it was seen adversely impacting growth. The decision of Vedanta group to drop its restructuring plan resulted in a sharp jump in the stock of Sterlite Industries on Wednesday. As the aluminium and energy businesses would now remain under the ...
DERIVATIVES MARKETS:
Nifty Oct 3800 put sheds open positions
Sterlite Industries hogs limelight. Chennai, Sept. 24 Trading volume dipped marginally in the F&O segment to Rs 67,051.71 crore on Wednesday against Tuesday’s Rs ...
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