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Nifty is expected to open 30 points gap up at 8166. The global markets are holding strong even after the BREXIT. Stock Market Today by Shailesh Saraf.
IDFC's investors disapproved the company's proposal of re-pricing stock options of employees, or ESOPs. This action reflects the growing voice of the investors once ignored India INC to a great extent. The proposal to lower the price of Esop was apparent to prevent the interest of the investors, but it aggravated proxy advisory firms and shareholder activists. IDFC only managed to obtain 70% approval of the non-promoting shareholders against the mandatory75% for a special resolution. Co-founder of
GE Shipping signed a Memorandum Of Agreement to purchase a pre-owned Capesize bulk carrier that is five-year-old of about 179,250 dwt that was built in 2011. The ship is likely to join the company's fleet in the second quarter of FY 2017. The carrier had been built at Hyundai Heavy Industries.There are currently 32 vessels in the company's fleet that comprises of 23 tankers, including seven crude carriers, 14 product tankers, and 2 LPG carriers, and nine dry bulk carriers consisting of 4 Kamsarmax and five supramax.To
Lupin Share Price closed at Rs 1,544.70 showing an upward movement 4.28 per cent or 63.35 points on the National Stock Exchange. Lupin is one of the top gainers in NSE today. Some of the other top gainers are ITC, Idea, Bharti Airtel, Coal India etc. Nifty has recovered from last week's Brexit shock. At the end of today's (28th June 2016) trading session Nifty was up by 33.15 points or 0.41 per cent. Nifty closed at 8127.85 today.S&P BSE Se
Starting from a mere wholesale network provider Tata Communications is now a leading provider of a new world of communications catering various customers and services worldwide. The $3.2 billioncompany is listed on the Bombay Stock Exchange and the National Stock Exchange of India and is the flagship telecoms arm of the $103.3 billion Tata Group.
Telecom operator RCom from this week onwards shall start offering 4G service using Reliance Jio network to its CDMA customers in select circles at a commencing price of Rs.93 per 10GB. The news didn't have much affect on the RCom share price. It opened at Rs.48.20 on NSE today while it closed at Rs.48.30. The 52 week high of RCom share price
Punj Llyod share price climbed almost 12 percent intraday today (28th June 2016) after the Singapore High Court permitted the company to set up subsidiaries under judicial management. In a filing the engineering company said that on June 27th Singapore High Court has approved the application for placing Punj Lloyd Pte Ltd (PLPL) as well as Sembawang Engineers and Constructors Pte Ltd (SEC) under Judicial Management. On 18th January, the proposa
Siemens Ltd. received an order worth Rs. 570 crore for one of the world's most important and largest STATCOM projects from Power Grid Corporation of India Ltd. The range of the mentioned order includes supply and installation of four 400 kVSynchronous Compensator (STATCOM) solutions. The Power consumers from various parts across the different states will seek benefit in the form of constant grid voltage and frequency leading to availability of unceasing quality power. This order
Market experts recommend a sell on Hindalco with a target price of Rs.124 and a strict stop loss placed at Rs.105. The stock has gained 40 percent so far in the year 2016. The stock is looking bullish on the charts, said market analysts and experts. Hindalco share price opened at Rs.119.90 on NSE today while it closed at Rs.118.05. Its market cap stands at Rs.24738.53 crore and it has an impressive book value of Rs.186.89. The 52 week high of Hindalco share price stands at Rs.12
In a filing to NSE on 28th June 2016, RPG Life Sciences announced that it is planningits foray into one of India's fastest growing markets, cosmetology.As a result of this press release RPG Life share price has rose by 19.98 per cent and is currently trading at a CMP of Rs 278.60, which is also the intraday high for the share.The press release was filed today at 11:47 hours. So far 70,000 shares have been traded in the counter as against an average daily volume of 16,901 sha
