by admin@proficient | Feb 22, 2018 @ 4:01 pm | Uncategorized | 0 Comments
Incorporated in 2003, H.G. Infra Engineering Ltd (HGIEL) is Jaipur, Rajasthan based an infrastructure construction, development and management company. Company focus area is road projects, including highways, bridges and flyovers. Company’s main business...
by admin@proficient | Feb 20, 2018 @ 8:51 am | Uncategorized | 0 Comments
Cabinet likely to take a call next month on the Relief Package for the Telecom Sector Will take up the issue of IMG (inter-ministerial group) recommendations in March. Focus on #BHARTIARTL #IDEA Vascon Engineers signs pact with Lina Ashar Foundation to develop Pune...
by admin@proficient | Feb 19, 2018 @ 8:51 am | Uncategorized | 0 Comments
U.S. FDA completes inspection of Natco Pharma’s Mekaguda API unit with zero observation. Tata Steel emerges as top bidder for Bhushan Steel and Bhushan Power. Singapore’s GIC may buy 40% in Prestige Estates rental unit for Rs 1,400 Crore. PM Modi Lays Foundation Stone...
by admin@proficient | Feb 19, 2018 @ 8:39 am | Uncategorized | 0 Comments
As volatility subsidized a bit previous week, Nifty settled 24 points lower week-on-week basis. As a matter of fact, although the intermediate trend at present is negative yet the primary uptrend have not been broken as yet & a movement above 10640 will resume...
by admin@proficient | Feb 16, 2018 @ 8:51 am | Uncategorized | 0 Comments
YES Bank to raise Rs20,000 cr of capital via bonds These bonds can be of Tier I or Tier II Total Capital Adequacy Ratio can increase by 8.9% to 28.4% from 19.5% (as of Q3FY18). Fortis Health: SC allowed lenders to sell shares, pledged by promoter before Aug 11 Axis...
by admin@proficient | Feb 15, 2018 @ 8:50 am | Uncategorized | 0 Comments
Torrent Power signs pact with Siemens Gamesa for wind power projects + Torrent emerges winner in e-Reverse auction for wind power projects by SECI(Tranche III) Zee Learn to acquire stake in MT Educare as per exchange filing. To make open offer of 1,86,64,096 (26% ) at...
by admin@proficient | Feb 14, 2018 @ 8:51 am | Uncategorized | 0 Comments
#RBI issues revised framework for stressed asset resolution. Unintended beneficiaries of RBI’s bad loan resolution framework: 1. Players in ARC biz like #Kotak, #Edelweiss (to benefit from accelerated resolution) 2. Credit Rating Agencies (Enhanced business due...
by admin@proficient | Feb 12, 2018 @ 8:57 am | Uncategorized | 0 Comments
Amidst huge volatility and a global stock market meltdown, the broader market in India declined nearly 2.80% week-on-week, but surprisingly, the Midcap indices outperformed the large caps. With this, Nifty closed below its 50 day moving average for the first time in...
by admin@proficient | Feb 12, 2018 @ 8:52 am | Uncategorized | 0 Comments
Cadila Healthcare’s Moraiya facility successfully completes U.S. FDA inspection. ONGC consortium gets 10% in Abudabhi field for USD 600mn. Petronet LNG: India’s biggest importer of gas and its Japanese partners will invest $300 million to set up Sri...
by admin@proficient | Feb 9, 2018 @ 8:51 am | Uncategorized | 0 Comments
Indiabulls Realty Board meet on Feb. 14 to consider restructuring of business. Malvinder Singh and Shivinder Singh have tendered their resignation from the directorship of Fortis Healthcare. SAIL Q3 (YoY): Revenue up 21 % at Rs 15,324 Cr. Net profit at Rs 43.2 Cr Vs...
by admin@proficient | Feb 8, 2018 @ 8:52 am | Uncategorized | 0 Comments
Piramal Enterprises has entered into a JV agreement with Bain Capital Mauritius Bain Capital Mauritius will buy 50% stake in India Resurgence AMB, a wholly-owned subsidiary of co After the transaction, India Resurgence AMB will cease to be a subsidiary of the company....
by admin@proficient | Feb 7, 2018 @ 8:51 am | Uncategorized | 0 Comments
Government raises import duty on sugar to 100 percent. Positive for sugar sector. #BAJAJHIND #BALRAMCHIN #DWARKESH to be on focus K E C International secures orders worth Rs 2035 Cr. Company also posted good quarter with 79% profit (YoY). Bajaj Electricals’...
by admin@proficient | Feb 5, 2018 @ 8:46 am | Uncategorized | 0 Comments
GMR Infra to acquire 4.15 Cr shares (11 %) in GMR Hyderabad International Airport for approx. Rs 484 Cr. Realty firm Godrej Properties has sold 2 lakh sq ft area in its commercial building at Bandra-Kurla complex in Mumbai for nearly Rs 700 Cr. Mangalam Organics to...
by admin@proficient | Feb 5, 2018 @ 8:41 am | Uncategorized | 0 Comments
As the market nosedived post budget & the street witnessed a bloodbath, the most important decision we have to make right now is whether the intermediate uptrend is still effective. Well, the index prices are still above their 50 day moving averages & the...
by admin@proficient | Feb 2, 2018 @ 8:50 am | Uncategorized | 0 Comments
Novelis posts strong third quarter with its full year EBITDA at the higher end of its forecast. #HINDALCO in focus. Also has result today. Gammon Infra-led consortium received EPC order worth Rs 577 crore from NHAI. Ashok Leyland Q3 (YoY): Revenue up 57.5 % at Rs...
by admin@proficient | Jan 31, 2018 @ 8:52 am | Uncategorized | 0 Comments
Amazon, Berkshire Hathaway and JPMorgan Team Up to Try to Disrupt Health Care. Bad news for #Pharma Sector. Dilip Buildcon Declared Lowest Bidder For NHAI EPC Project Worth Rs 565 Cr In Maharashtra. Prataap Snacks Q3 (YoY): Revenue up 6 % to Rs 265 Cr. Net profit up...
by admin@proficient | Jan 30, 2018 @ 8:51 am | Uncategorized | 0 Comments
Ester Industries signs long term agreement with Shaw Industries (subsidiary of Berkshire Hathaway); order size at Rs 90 Cr per year. Reliance Infra wins EPC contract worth Rs 882 crore for road project. SpiceJet announces 20 new non-stop flights on local routes....
by admin@proficient | Jan 29, 2018 @ 11:24 am | Uncategorized | 0 Comments
The index is continuing its dream run & closed higher for 8th week in a row. However, the market breadth has turned extremely bearish & the index is quite evidently being pushed by a handful of big names like Infy, ICICI Bank, VEDL or Tata Steel etc. As a...
by admin@proficient | Jan 29, 2018 @ 8:50 am | Uncategorized | 0 Comments
Commerce Minister Suresh Prabhu says plan to double marine products exports set for release in 3 months & Inland fishery is a priority area with aim to create a system for all 13 coastal states to work for aquaculture development. Bharat Forge sets up unit in...
by admin@proficient | Jan 25, 2018 @ 8:51 am | Uncategorized | 0 Comments
Govt announces Capital infusion of Rs 88139 cr in PSU banks. NCC QIP opens at a floor price of Rs 129.47 per share. BEL Board To Consider Buyback Proposal On January 30. Battery maker Eveready on Wednesday said it entered into a joint venture with Indonesia’s...
by admin@proficient | Jan 24, 2018 @ 8:50 am | Uncategorized | 0 Comments
Shriram EPC bags order worth Rs 84 crore from Jharkhand to set up drinking water and Sanitation facilities. Godrej Agrovet clarified stake in Maxximilk less than 51 percent. Aurionpro Solutions’ arm Cyberinc partnered with ECS to distribute Isla Malware Isolation...
by admin@proficient | Jan 23, 2018 @ 8:51 am | Uncategorized | 0 Comments
Kalpataru Power: Received new orders of Rs 871 Cr. HSIL commissions plant in Telangana. IOC: To consider bonus share on Jan 30. Tinplate Q3 (YoY): Revenue up 146 % at Rs 547 Cr. Net profit up 189 % at Rs 13 Cr. EBITDA up 89.5 % at Rs 36 Cr. Margins at 6.6 % versus 8.6...
by admin@proficient | Jan 22, 2018 @ 10:27 am | Uncategorized | 0 Comments
The broader index maintained its winning streak for the 7th consecutive week & closed at yet another life high in the doorstep of 10900 odd levels. This is a liquidity driven rally where both the Foreign & Domestic Institutional Investors are pouring in...
by admin@proficient | Jan 22, 2018 @ 8:50 am | Uncategorized | 0 Comments
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...
by admin@proficient | Jan 19, 2018 @ 8:51 am | Uncategorized | 0 Comments
Bad news for Indian, Chinese polyester makers: US imposes anti-dumping duty. #Reliance is the largest producer of polyester fibre and yarn in the world. #GST rate impact: Good for Jain Irrigation Systems, Titan Company, PC Jeweller, Wonderla Holidays, Adlabs...
by admin@proficient | Jan 18, 2018 @ 8:49 am | Uncategorized | 0 Comments
#Banks: Government mulls allowing 100 percent FDI in banking. (CNBC TV-18) Piramal Enterprises explores re-entry into Indian formulations business. Pitti Lamination starts commercial operations at its Aurangabad plant. PNB Housing Finance gets RBI nod for $500 million...
by admin@proficient | Jan 17, 2018 @ 12:44 pm | Uncategorized | 0 Comments
Business description – Amber Enterprises is a market leader in the RAC (Room Air Conditioner) OEM/ODM industry in India with a market share of 55.4% in terms of volume in Fiscal 2017. It is a one-stop solutions provider for the major brands in the RAC...
by admin@proficient | Jan 17, 2018 @ 8:54 am | Uncategorized | 0 Comments
TCS has signed an over GBP 500 million (USD 690 million) deal with M&G Prudential, the UK and European savings and investments business of Prudential plc. Gail India sign pact with gazprom for re-negotiated long term sale. Sun Pharma settles patent litigation...
by admin@proficient | Jan 16, 2018 @ 12:57 pm | Uncategorized | 0 Comments
Incorporated in 1992, Newgen Software Technologies is Delhi-based Software Product Company. Newgen offers product and platform that enables organizations to rapidly develop powerful software applications. Company mainly offers products in ECM and BPM space. Company...
by admin@proficient | Jan 15, 2018 @ 9:08 am | Uncategorized | 0 Comments
Amidst large scale volatility, especially towards the closing of the week, the broader index maintained its series of six consecutive weekly gains & closed at yet another life high. Though the index is grossly overbought (as indicated by a host of momentum...
