Here are stocks that are in the focus today: Infosys: Company announced a strategic partnership with Toyota Material Handling Europe. L&T Technology Services: L&T to sell up to 2 lakh shares of company via offer for sale on June 25-26, floor price fixed at Rs 1,650 per share. SBI Life Insurance: BNP Paribas to sell…
Continue Reading
Here are stocks that are in the focus today: Dr. Reddy’s Labs: Company launched Phytonadione injectable emulsion in the US market. Infosys AGM – Chairman says: Digital revenue, which is now one-third of total income, grew by 33.8 percent in FY19; 62 percent of current buyback has been completed; Panaya & Skava not assets for…
Continue Reading
Here are stocks that are in the focus today: NTPC: Company wins 160 MW solar capacities in Solar Energy Corporation Of India’s (SECI) Rajasthan Tranche-II, 750MW tender. APL Apollo Tubes: Crisil reaffirmed its rating on the company’s long term fund based limits at AA-/Stable and short term at A1+. Jet Airways: SBI’s insolvency plea against…
Continue Reading
Here are stocks that are in the focus today: HDFC and Apollo Hospitals: Corporation to acquire up to 51.2 percent stake in Apollo Munich Health Insurance Company Limited and then is proposed to be merged with subsidiary HDFC ERGO General Insurance Company. Bharat Financial Inclusion: IndusInd Bank announced July 4 as the effective date, as…
Continue Reading
Here are the stocks that are in focus today: Canara Bank: Board approves the sale of part or full stake in Can Fin Homes. HCL Technologies and Cricket Australia announce a multi-year partnership Adani Ports: Fitch affirms BBB- issuer rating, outlook stable. Jain Irrigation: India Ratings cut Long Term Issuer Rating to BBB with an…
Continue Reading
Here are stocks that are in the focus today: TCS: Company teams up with SAP to transform surgical kit handling with an IoT and Blockchain Solution Powered by SAP Leonardo. DHFL: Company paid Rs 56.8 lakh interest on NCDs due today. Repro India: Company approved the draft Scheme of Demerger between the company and its…
Continue Reading
Here are stocks that are in the focus today: Aster DM: ICRA upgrades credit rating to BBB+ from A-; outlook changed to Positive from Stable. Syngene International approves the issue of bonus issue in the ratio of 1:1 BHEL: Company wins 2 EPC orders worth Rs 800 crore from NTPC & Gujarat State Electricity Corporation….
Continue Reading
Nifty PE ratio measures the average PE ratio of the Nifty 50 companies covered by the Nifty Index. PE ratio is also known as “price multiple” or “earnings multiple”. If P/E is 15, it means Nifty is 15 times its earnings. Nifty is considered to be in oversold range when Nifty PE value is below…
Continue Reading
Here are the stocks that are in focus today: Wockhardt: Company received zero 483 observation from USFDA for its Bioequivalence Centre in Aurangabad, Maharashtra after inspection during June 10-12. Reliance Home Finance: PWC’s observations are completely baseless and unjustified. PWC has acted prematurely without even statutory discussions with the Audit Committee. Ceat has entered into…
Continue Reading
Here are stocks that are in the focus today: Tata Steel – The European Commission formally announced its decision to prohibit the proposed European steel joint venture between Tata Steel and ThyssenKrupp AG. Adani Green: Promoters to sell up to 5.98 percent in a company via offer for sale on June 12-13, floor price set…
Continue Reading