Gap down opening expected as SGX Nifty is trading up by 86 points.
Market may remain highly volatile till the final count of Gujarat state assembly elections won't come out.
🎯 News & Impact 🎯
New Listing :
Future Supply Chain.
🎯 YesBank & IndusInd Bank replaced Cipla & Lupin into Sensex from today.
🎯 ICICI Securities files for IPO; plans public offer of up to 6.4 crore equity shares.
🎯 Cement Sector :
Govt raises import tax on petcoke to 10% from 2.5% after ending exemptions.
Negative for the sector.
🎯 Indiabulls Real Estate :
Company announces Mandarin Oriental Hotel Group as its hotel partner for their residential development, Hanover Bond.
🎯 JMC Projects :
Company secures new orders worth Rs.790 crore.
🎯 Shalimar Paints :
Company announces rights issue at Rs. 140/share; Ratio 6:32.
🎯 Orchid Pharma :
Auropharma DRReddy lead race to buy orchid pharma.
🎯 TTML :
Company plans to pare cost and shut down loss making wireless telephony business to repay debt early.
🎯 IIFL :
Company plans to raise cash from offshore investors, will also invest in affordable housing projects.
🎯 Parsvnath Developers :
Company to invest Rs.100 cr to develop a mall in national capital.
🎯 Kesoram Industries :
Company to raise Rs.350 crore via issue of convertible warrants on preferential basis to promoter.
🎯 Dish TV :
Company receives approval from government for merger of Videocon D2H with company.
🎯 Raymond :
Raymond launched its first ever Rs.250 crore linen manufacturing plant at Amravati.
🎯 Eveready Industries :
Company received orders worth Rs.23.85 crore for supply of ceiling fans and smart LED street lighting luminaires from Energy Efficiency Services (EESL) and Kolkata Municipal Corporation
🎯 Jaiprakash Associates :
Company plans to sell off its five hospitality assets under the Jaypee Hotels and Resorts brand at an estimated asking rate of Rs.2,500 crore.
Edited by Sharp.
© Sharp Investment & Financial Advisers
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