ONGC to buy government’s 51.1 percent stake in HPCL for Rs 36,915 crore at Rs 473.97 per share.
India is said to seek steel ministry’s control of Iron, Coal. Focus on #TATASTEEL #JSWSTEEL and #SAIL.
J Kumar Infra gets Rs 57 crore contract from Delhi Metro Rail Corporation.
DFM Foods launches new product in the domestic market.
Grasim Industries gets green nod for Rs 2,560 crore expansion project.
IL&FS Transportation Networks Plans To Sell Rs 4k crore project To Canada Pension Fund.
DCM Shriram Q3 (YoY): Revenue up 30 % at Rs 1,783.7 cr. Net profit up 56 % at Rs 213 cr. EBITDA up 75 % at Rs 329.8 cr. Margin at 18.5 % versus 13.8 %.
HOEC Q3 (YoY): Revenue up 141 % at Rs 13.3 cr. Profit at Rs 12.8 cr. EBITDA at Rs 12.9 cr from Rs 1.9 cr. EBITDA margin at 97 % from 34.5 %.
Stocks To Watch:
Positive: #ONGC #HINDPETRO #JKIL #GRASIM #IL&FSTRANS #DFMFOODS #HOEC