by admin@proficient | Aug 21, 2017 @ 9:01 am | Uncategorized | 0 Comments
Infosys: To buyback shares worth up to 13000 crore at Rs 1150 per share. Retail quota for buyback Rs 1950 crore. Number of shares under retail quota 1.95 crore Number of shares held by retail investors 2.87 crore Den Network: Gets NCLT nod for merger of 23...
by admin@proficient | Aug 21, 2017 @ 8:53 am | Uncategorized | 0 Comments
We had a minor pull back in Nifty this week. Although the primary uptrend is still intact, the intermediate downtrend will be confirmed below 9710. On the other hand a closing above 9900 will re-establish bull’s grip on the index. In case Nifty breaks downward, its...
by admin@proficient | Aug 19, 2017 @ 3:06 pm | Uncategorized | 0 Comments
Apex Frozen Foods IPO Apex Frozen Foods is one of the integrated producer and exporter of shelf stable quality aquaculture products. They supply our ready-to-cook products to a diversified customer base consisting of food companies, retail chains, restaurants, club...
by admin@proficient | Aug 18, 2017 @ 9:01 am | Uncategorized | 0 Comments
Raymond: Acquires Ansell’s stake for 19.30 crore. Sector to watch Negative: Metal, Banks Stocks to watch: Positive: #Talbroseng #PFC #Raymond Negative:...
by admin@proficient | Aug 17, 2017 @ 8:58 am | Uncategorized | 0 Comments
Infosys to consider stock buyback proposal at Aug 19 meet. L&T: Divests entire stake in L&T Cutting Tools to IMC Intl Metal for Rs 174 cr. Infibeam: Fairfax Financial Holdings is in advanced talks to acquire10-12% stake in the company. Zensar Technologies is...
by admin@proficient | Aug 16, 2017 @ 8:58 am | Uncategorized | 0 Comments
Aurobindo Pharma and Intas Pharmaceuticals are in the race to acquire part of the European assets of Israeli generic drugmaker Teva Pharmaceutical Industries, sources said. Future Consumer will enter into a 50:50 joint venture arrangement with Bin Ablan Foods Industry...
by admin@proficient | Aug 14, 2017 @ 10:09 am | Uncategorized | 0 Comments
We got five continuous days of fall this week, which pushed the volatility to the sky. Nifty is now in an intermediate downtrend & immediate resistance looms at 9830 regions. However, longer term uptrend is still intact. We recommend a short term sell-on-rise...
by admin@proficient | Aug 14, 2017 @ 9:00 am | Uncategorized | 0 Comments
Pepe to make innerwear in India in tie-up with Dollar Industries. IOC has bought the country’s first shale oil from the US and is looking to step up imports from America as part of its crude diversification strategy. Stocks to watch: Positive: #Ashoka #Suzlon...
by admin@proficient | Aug 11, 2017 @ 8:58 am | Uncategorized | 0 Comments
PETRONET LNG: In talks with INDIAN OIL CORP to acquire at least 26% stake in the latter’s upcoming 5-mtpa LNG terminal at Ennore in Tamil Nadu. HERITAGE FOODS: Is setting up a 50:50 joint venture company with France-based Novandie SNC to make flavoured yogurts...
by admin@proficient | Aug 10, 2017 @ 8:59 am | Uncategorized | 0 Comments
Henkel will buy up to 26% stake at market price, says Jyothy Laboratories. TATA MOTORS / TATA MOTORS DVR ADR Was Down 6%. In India the stock was @ 52-Week Low in Yesterday’s Trade. BANK OF INDIA has recalled a 3.06-bln-rupee loan given to HOUSING DEVELOPMENT AND...
by admin@proficient | Aug 9, 2017 @ 9:01 am | Uncategorized | 0 Comments
BHEL has secured export orders from Chile in South America and Estonia in Europe. Endurance posted a 15.6% on-quarter rise in consolidated net profit for Apr-Jun at 965.3 mln rupees. Revenue from operations was up 13.4% at 16.8 bln rupees during the quarter. TITAN...
by admin@proficient | Aug 8, 2017 @ 8:59 am | Uncategorized | 0 Comments
TATA STEEL posted a consolidated net profit of 9.1 bln rupees for Apr-Jun, compared with a 32.1-bln-rupee loss a year ago. NTPC looks to take over the Uttar Pradesh government’s 50% equity in the 1,320 MW Mega power project as it seeks to lower the cost of...
by admin@proficient | Aug 7, 2017 @ 9:27 am | Uncategorized | 0 Comments
There is no structural change in Nifty this week & the higher bottom formations are still maintained. Thursday’s closing 10013 thus becomes the points of reference for the short term bullish traders. However, there are some warning signals appearing from various...
by admin@proficient | Aug 7, 2017 @ 9:00 am | Uncategorized | 0 Comments
Tax on garment job works in govt contracts may be reduced from 18% to 5%. Sources Say GST On Computer Monitor up to 20 Inches cut from 28% to 18%, GST For Some Tractor Parts Cut From 28% to 18%. Demand for #copper for electric cars and buses will rise from 185,000...
by admin@proficient | Aug 4, 2017 @ 9:00 am | Uncategorized | 0 Comments
Anti-dumping authorities have recommended action against key Chinese components for windmills, and are considering a similar petition for solar equipment, delivering another blow to the flood of cheap imports from Beijing and potentially arresting the steep fall in...
by admin@proficient | Aug 3, 2017 @ 8:59 am | Uncategorized | 0 Comments
Voltas reported Apr-Jun consolidated net profit of 1.9 bln rupees, up 17.8% on year. Total revenue from operations was at 19.7 bln rupees, up 6.1% on year. GAIL Has started construction work of Kochi-Kottanad-Mangaluru-Bengaluru pipeline project in Kerala with a total...
by admin@proficient | Aug 2, 2017 @ 9:00 am | Uncategorized | 0 Comments
Bharti Airtel may sell 3% stake in Infratel, to pay debt in the company ..positive for bhartinfratel and bhartiartel Rajasthan HC issues notice to Anti Corruption Bureau ovr alleged inaction in Rs 600 crore mining scam involving Vedanta group …bad news for...
by admin@proficient | Aug 1, 2017 @ 10:27 am | Uncategorized | 0 Comments
Cochin Shipyard IPO Cochin Shipyard is the largest public sector shipyard in India in terms of dock capacity, according to CRISIL Report. The company caters to clients engaged in the defence sector in India and clients engaged in the commercial sector worldwide. In...
by admin@proficient | Aug 1, 2017 @ 9:06 am | Uncategorized | 0 Comments
Bharat Electronics Q1 revenue up 91% at Rs. 1803.1 Cr. EBITDA Margin at 9.5% vs. -4.4% PAT up 247% at Rs. 125.3 Cr. Vs. 36.1 Cr. POWER GRID CORP OF INDIA (PAT seen 20.5 bln rupees, up 13.9% on yr) 63 MOONS TECHNOLOGIE arm National Spot Exchange has urged Securities...
by admin@proficient | Jul 31, 2017 @ 9:01 am | Uncategorized | 0 Comments
Coromandel International reported Apr-Jun consolidated net profit of754.3 mln rupees, up 907% on year. Revenue from operations was at 22.8 bln rupees, up 10.6% on year. NTPC posted a nearly 12% on-year rise in net profit for Apr-Jun to 26.2 bln rupees. Revenue from...
by admin@proficient | Jul 29, 2017 @ 6:48 pm | Uncategorized | 0 Comments
Bygone week witnessed a historic event where Nifty not only entered into the elite 5-digit club, but stayed above the coveted 10000 mark on a weekly closing basis. This underscores the exceptional bullish nature of the present time. However, the euphoria is not...
by admin@proficient | Jul 28, 2017 @ 8:58 am | Uncategorized | 0 Comments
Wilmar to Invest Up To Rs 813.5 Cr In Shree Renuka Sugar. Glenmark Pharma: Revenues up 21.9%, PAT up 47%, Margins at 25.5% vs 23.8%. Reliance capital reported Apr-Jun consolidated net profit of 2.4 bln rupees, up 15% on year. Revenue from operations was at 48.5 bln...
by admin@proficient | Jul 27, 2017 @ 9:00 am | Uncategorized | 0 Comments
Fed leaves rates unch, may normalise balance sheet. WABAG wins repeat order in Bengaluru, Bags Inr 386 crore Sewage Treatment Plant order from BWSSB. AXIS BANK: Is nearing a deal to buy Freecharge for 3.5-4.0 bln rupees in cash. CONTAINER CORP OF INDIA: Has proposed...
by admin@proficient | Jul 26, 2017 @ 9:01 am | Uncategorized | 0 Comments
Road ministry sanctions 115,435 kms of national highways Patel Engineering ,L&T ,Reliance infra and Gammon India Hindustan Construction Company IVRCL NCC, Valecha EngineeringUnity Infraprojects , IRB Infrastructure Developers and Jaiprakash Associates. Govt to...
by admin@proficient | Jul 25, 2017 @ 9:03 am | Uncategorized | 0 Comments
JUST DIAL: Board has approved buyback of 1.19 mln shares worth 83.91 Cr rupees for a price of up to 700 rupees per share. CMP 379. RATNAMANI METALS & TUBES: Has received two orders for supply of helically-submerged arc welded pipes worth around 2.14 bln rupees...
by admin@proficient | Jul 24, 2017 @ 9:43 am | Uncategorized | 0 Comments
Keeping up with the momentum, Nifty gave a yet another life high closing & surpassed 9900 for the first time on weekly basis. Trends are up, no doubt, on all timeframes and more steams are likely left in the current momentum. However, on weekly candlesticks, a...
by admin@proficient | Jul 24, 2017 @ 8:56 am | Uncategorized | 0 Comments
CAG Audit Finds Half of IFCI Loans In Violation of Norms. Thirumalai Chemical – good results continue Income up 47% EBIDTA up 56% Margin at 17.7% Vs 16.7% PAT up 65% at 33 cr Tata Sponge – solid results Income up 61% EBIDTA up 372% EBIDTA margin ex –excise...
by admin@proficient | Jul 21, 2017 @ 8:57 am | Uncategorized | 0 Comments
Wipro approves share buyback at Rs 320/share. Wipro to spend Rs 11,000 cr in share buyback. Wipro to buy back up to 343.75 mn shares or 7% of the fully paid up equity capital of the company. ADANI POWER: Plans to set up a 150 MW wind power park on the sea shore close...
by admin@proficient | Jul 20, 2017 @ 9:02 am | Uncategorized | 0 Comments
Jio seeks zero interconnection charge while rivals seek hike: Reliance Jio has proposed that interconnection usage charges should be zero, while rivals Airtel, Idea, and Vodafone sought to raise them. In a meeting with TRAI, incumbents pitched for doubling of charges...
by admin@proficient | Jul 19, 2017 @ 9:01 am | Uncategorized | 0 Comments
Aurobindo Gets US FDA Approval For Sevelamer Tablets, Sevelamer Is Used To Treat Chronic Kidney Diseases. TATA POWER CO: Plans to invest around $90 mln in equity capital in itsrenewable energy arm Tata Power Renewable Energy as the company seeks to develop its...
