639 shares of Indusind for every 1000 of Bharat Financial held. Deal done. Implying 1571 price of Indusind at CMP of Bharat Fin of 1004.
Hindalco weighing bid to acquire Aleris Corp of US.
Titagarh Wagons wins order worth $9 million for the supply of modular bridges to Nepal.
Polyplex Corporation to set up a PET Film Line project having a capacity of 44,000 TPA in Indonesia for an investment of $95 million.
GNA Axles Q2 YoY: Net Profit Up 42.7% At Rs 10.7 Cr, Revenue Up 17.9% At Rs 153.3 Cr, EBITDA Margins At 15.5% Vs 16.6%
BEPL Q2FY18: Revenue up 60% at Rs 292 cr, Margins at 12.6% vs 6.8%, PAT Up at Rs 25 cr vs 8.7 cr.
Stocks to watch:
Positive: #BHARATFIN #INDUSINDBK #HINDALCO #POLYPLEX #TWL #BEPL #GNA #GRUH
