by admin@proficient | Nov 23, 2017 @ 8:51 am | Uncategorized | 0 Comments
Info Edge India: Zomato completed acquisition of on demand logistics and delivery company “Runnr”. Arrow Greentech receives patent for manufacturing water soluble film carrier. SIS India (YoY): Revenue up 35.7 % at Rs 1,460 cr.Net profit up 318.4 % at Rs 59 cr. EBITDA...
by admin@proficient | Nov 22, 2017 @ 8:50 am | Uncategorized | 0 Comments
Dabur cut prices of shampoos, home care products by 9 percent for existing stock. BGR Infra and NCC win contract relating to Min development and operation of Talaipalli Coal block. SAIL and ArcelorMittal to sign pact for auto-grade steel plant https. Yes Bank raises...
by admin@proficient | Nov 21, 2017 @ 8:44 am | Uncategorized | 0 Comments
The government has given infrastructure status to logistics sector, covering cold chain and warehousing facilities, a move that is likely to attract more funding at competitive rates for these segments. NBCC awards Rs 524 crore order to Simplex Infra for construction...
by admin@proficient | Nov 20, 2017 @ 10:01 am | Uncategorized | 0 Comments
Nifty this week took support from its 50 Day Moving Average and formed a Hammer on weekly chart. The Hammer is a bullish reversal kind of pattern, provided, prices stay above Friday’s close. In any case, if Nifty continues above 10340 sometimes early next week, the...
by admin@proficient | Nov 20, 2017 @ 8:50 am | Uncategorized | 0 Comments
Bans the use of petcoke in the states of Rajasthan, Uttar Pradesh and Haryana. L&T Construction Bags Order To Build Mumbai Trans Harbour Link, Order Valued At Rs 8,650 Cr. Govt. hikes import duty on edible oils effective 17 Nov. AstraZeneca Pharma India:...
by admin@proficient | Nov 17, 2017 @ 8:52 am | Uncategorized | 0 Comments
Rating agency Moody’s upgrades India’s govt bond rating to Baa2 from Baa3 Changed the outlook on the rating to stable from positive Says continued progress on economic and institutional reforms will, over time, enhance India’s high growth potential....
by admin@proficient | Nov 16, 2017 @ 8:52 am | Uncategorized | 0 Comments
Religare Enterprises to be on focus, as company’s management change and net loss narrow from first quarter reflect on share price. CRISIL to buy entire stake in Pragmatix Services for Rs 56 crore. RBL Bank acquired additional 2.08 percent stake in Swadhaar Finserve,...
by admin@proficient | Nov 15, 2017 @ 8:48 am | Uncategorized | 0 Comments
Indiabulls Housing Finance sells 10% stake in OakNorth Bank for Rs 770 cr to GIC Singapore. HOEC is the first out of the 31 Cos that signed contracts for fields won in the March auction, to have submitted a field development plan. Dr Reddy’s Laboratories launches...
by admin@proficient | Nov 14, 2017 @ 8:55 am | Uncategorized | 0 Comments
Bharti Airtel plans to raise $400 million (Rs 2,617.2 crore) by selling 3.5 per cent in listed tower unit Bharti Infratel. Simplex Infra bags Rs 1,080 crore Mumbai metro job. Havells India Signs a pact with South Korea’s Hyundai Electric for supply of low and medium...
by admin@proficient | Nov 13, 2017 @ 9:08 am | Uncategorized | 0 Comments
We saw a protracted weakness in the past few trading sessions & Nifty finally closed 1.25% lower on weekly basis. However, given the primary bull market that we are in, there is no structural change in the technical evidences as yet and we continue to look for...
by admin@proficient | Nov 13, 2017 @ 8:55 am | Uncategorized | 0 Comments
Mcleod Russel to enter 50:50 stake joint venture with Greendale India for development of packaged tea business. AXIS BANK To raise Rs 11,626 Cr in a share & warrants sale to Bain Capital, Capital International & LIC Bain & Capital’s will bring in...
by admin@proficient | Nov 10, 2017 @ 8:55 am | Uncategorized | 0 Comments
NTPC: Commissioned 50MW wind project in Gujarat. SAIL: The government on Thursday said it has asked state owned SAIL and the world’s largest steelmaker ArcelorMittal to expedite setting up of their proposed joint venture for a Rs 5,000-crore auto-grade steel...
by admin@proficient | Nov 9, 2017 @ 8:55 am | Uncategorized | 0 Comments
Pricol: JV with Hong Kong based-Zorg industries. Indian Hotes: Tata sons raises stake in Indian Hotels by 1.78% to 29.79%. Jet Airways offers up to 30 percent discount on international flight fares till Nov.14. Bombay Dyeing: Revenue up 42.68%. Net profit at 53 cr Vs...
by admin@proficient | Nov 8, 2017 @ 8:57 am | Uncategorized | 0 Comments
Three Pillars will sell 19.99 crore shares of #Bharti Airtel in a price range between Rs 473 and Rs 490 per share. India has initiated an anti-dumping probe into imports of a certain kind of paper from Indonesia, Thailand and Singapore. Adlabs to sell Novotel Imagica...
by admin@proficient | Nov 7, 2017 @ 8:57 am | Uncategorized | 0 Comments
Government going ahead with the merger of its two trading firms #MMTC and #STCINDIA Reliance Communications inked pact with Veecon Media & TV to sell Reliance Big TV’s DTH operations across India. Tata Chemicals Announces sales of its Phosphatic Fertilizers...
by admin@proficient | Nov 6, 2017 @ 3:47 pm | Uncategorized | 0 Comments
Business description from prospectus – HDFC Standard Life Insurance is the most profitable life insurer, based on Value of New Business (VNB) margin, among the top five private life insurers in India (measured on total new business premium) in Fiscal 2016 and...
by admin@proficient | Nov 6, 2017 @ 8:54 am | Uncategorized | 0 Comments
M&M to consider issuance of bonus shares on Nov. 10. CCI approves Singapore’s GIC’s plan to acquire 33 percent stake in DLF Cyber City Developers for Rs 8,900 cr. Torrent Pharma acquires the Indian formulations business of Unichem Laboratories for Rs 3,600 cr....
by admin@proficient | Nov 6, 2017 @ 8:47 am | Uncategorized | 0 Comments
Its yet another life-high closing for Nifty last week. The liquidity driven rally is continuing unabated & the market breadth continues to remain very healthy. Trends in all timeframes are upward & immediate support on daily chart is seen only at 10335...
by admin@proficient | Nov 3, 2017 @ 8:56 am | Uncategorized | 0 Comments
North America class 8 truck sales up 167%% At 35,700 Units (YoY) and up 62% (MoM). Hindalco subsidiary Novelis reported record strong results. Dr. Reddy’s launched Azacitidine injection in the Canadian market. Himadri Speciality Chemical approved capacity expansion of...
by admin@proficient | Nov 2, 2017 @ 11:00 am | Uncategorized | 0 Comments
Business description from prospectus – Khadim India is one of the leading footwear brands in India, with a two-pronged focus on retail and distribution of footwear. The company is the second largest footwear retailer in India in terms of number of exclusive...
by admin@proficient | Nov 2, 2017 @ 8:55 am | Uncategorized | 0 Comments
DIVIS LABS: US FDA says to lift import alert and close out warning letter for co’s unit 2 at Visakhapatanam. NBCC gets Rs 400 cr contract to reconstruct building in Mumbai. Kolte-Patil in talks with global investors to set up Rs500-crore real estate platform....
by admin@proficient | Nov 1, 2017 @ 8:57 am | Uncategorized | 0 Comments
India has jumped 30 spots to number 100 in the latest Ease of Doing Business report for 2018 released by the World Bank. Bharti Airtel to mull sale of controlling stake in Bharti Infratel. Syndicate Bank NII up by 6.8% PAT up by 27% Provisions down 33% GNPA 9.39% Vs...
by admin@proficient | Oct 31, 2017 @ 4:45 pm | Uncategorized | 0 Comments
Business description from prospectus – New India Assurance is the largest general insurance company in India in terms of net worth, domestic gross direct premium, profit after tax and number of branches as of and for the fiscal year ended March 31, 2017. The...
by admin@proficient | Oct 31, 2017 @ 8:58 am | Uncategorized | 0 Comments
IDFC-Shriram merger called off on differences over swap ratio. State Bank of India to lend $357 million to solar projects. JSW Energy to be on focus. IOC gets green nod for Rs 273cr KSPL augmentation project. Zen Technologies got Rs 224 crore order from Indian...
by admin@proficient | Oct 30, 2017 @ 11:11 am | Uncategorized | 0 Comments
Business description from prospectus – Mahindra Logistics is one of India’s largest 3PL (third-party logistics) solutions providers in the Indian logistics industry which was estimated at INR6.40 trillion in Fiscal 2017, according to the CRISIL Report. The...
by admin@proficient | Oct 30, 2017 @ 11:02 am | Uncategorized | 0 Comments
This week, the broader index surged to another life high on closing basis. The market at present is being driven by strong liquidity inflow & breadth is absolutely positive. The series of higher bottoms are visible on both weekly & daily timeframes &...
by admin@proficient | Oct 30, 2017 @ 8:57 am | Uncategorized | 0 Comments
Indian Railways opens door to private steel manufacturers. Indian Army to spend nearly Rs 40,000 cr to replace its ageing and obsolete weapons. #LT #BEL #BEML to be on focus. Alkem Laboratories: No form 483 issued USFDA conducted inspection at Company’s...
by admin@proficient | Oct 27, 2017 @ 9:02 am | Uncategorized | 0 Comments
Aurobindo Pharma: Gets USFDA Nod For Amiodarone Hydrochloride. Cipla’s US arm gets final US FDA nod for generic Renvela tablets. Majesco says U.S. arm of the company partnered with Social media marketing platform Denim. Government raises SAP for sugarcane by 10....
by admin@proficient | Oct 26, 2017 @ 8:58 am | Uncategorized | 0 Comments
BHEL bags India’s largest power contract worth Rs 20,400 crore from Telangana. Quess Corp to acquire 70 percent stake in Vedang Cellular Services for Rs 40 cr. Delta Corp signs pact to lease space for Casino at Marriott Hotel in Nepal. GVK Power confirmed it has...
by admin@proficient | Oct 25, 2017 @ 8:56 am | Uncategorized | 0 Comments
Cabinet approves Rs 2.11 lakh crore recapitalisation package for PSU banks. Very strong on #SBIN #PNB #ANDHRABANK #BANKBARODA #SYNDIBANK #ORIENTBANK Lupin: Receives U.S. FDA approval for generic Lodosyn tablets used for the treatment of Parkinson’s disease. SAIL...
