Glitches in ONGC allotment; depository freezes process
THE Government's sale of ONGC shares today ran into an unseemly mess after its issue registrar MCS Ltd apparently goofed up in allotting shares to winning bidders. The National Securities Depository Ltd froze allotment of ONGC shares to ...
Groupe Chimique buys 5 pc stake in GFCL
GROUPE Chimique Tunisien has informed the stock exchanges that they have acquired 16-lakh equity shares constituting 5 per cent of the equity capital of Godavari Fertilisers and Chemicals Ltd (GFCL) from Coromandel Fertilisers Ltd (CFL). The ...
Bulls march ahead
THE sentiment reading of the tradable counters remains bullish. Bear domination on Tuesday is likely to neutralise the sentiment reading. Otherwise, the prevailing bullish sentiment is likely to be further strengthened. Nifty futures ...
BSE to shift indices to free-float methodology
THE Bombay Stock Exchange (BSE) will shift the BSE-100 Index to the `free-float methodology' with effect from April 5, according to a press release. This is in continuation of the BSE's policy to gradually shift all indices to the free-float ...
Valuation hopes inspire interest in ICICI Bank
THE ICICI Bank stock on Monday perked up on the prospect of a new valuation opportunity provided by its equity issue, which opens from April 2. Today's huge volume driven demand saw the stock cross the upper limit of the issue price band and ...
Sun Pharma gains on re-rating talk
TALK of a re-rating being on the cards has seen the stock of Sun Pharmaceuticals gaining strength on the bourses. While, Sun Pharma's decision to hike its stake in Caraco Pharma to 63 per cent is said to have been the turning point, ...
A MUMBAI-based institutional broker is strongly recommending the stock of Gujarat NRE Coke to its clients. According to the broker, the company will be a beneficiary of the rising met coke prices. The international spot price of met coke ...
M&M to raise $100 m
MAHINDRA & Mahindra Ltd (M&M) has informed the BSE that its board has approved the raising of additional long-term resources up to $ 100 million. This will be through the issue of foreign currency convertible bonds and / or other appropriate
Tata Motors: Outlook positive; buy April 460 calls
The following strategies are based on Monday's trading in the spot and the derivatives segments on the NSE. Tata Motors: The stock closed at Rs 473 in the spot market. The outlook appears positive. The upside price target is Rs 498. ...
Appreciating rupee deflates techs Bank, power stocks in limelight
THE stock markets, which traded in a narrow range on Monday, ended the day in the positive territory, aided by heavy buying activity during the last hour of trading. The BSE Sensex, which soared by 114 points on Friday, ended higher again on ...
Data Access IPO likely in end-May
The initial public offer (IPO) of Data Access India, which was to have opened on Monday, is now likely to be scheduled for end-May. This follows the clarifications sought by Securities and Exchange Board of India (SEBI) on Data Access' red ...
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