STOCKS ON RADAR: IOC: Indian Oil Corporation board to meet on December 13 to consider buyback of equity shares and interim dividend for the Financial Year 2018-19 Punjab and Sind Bank: board meeting on December 12, 2018 to consider issue of equity shares by way of QIP upto an amount of Rs 500 crore. Vodafone …
STOCKS ON RADAR: HCL Tech: On Thursday HCL announced it will acquire select IBM software products for $1.8 billion. The transaction is expected to close by mid-2019, subject to completion of applicable regulatory reviews. PFC, REC: The Cabinet Committee on Economic Affairs (CCEA) on Thursday approved sale 52.63 percent government’s stake in REC to Power …
Asian Granito: Asian Granito India Ltd. board meet to be held on Tuesday to consider and approve funds raising proposal by way of issue of preferred equity shares. Stake holders are keen to know the size and number of shares to be offered and whether it will be offered to promoters or QIP and at …
We recommend ?BUY? on LUMAX INDUSTRIES LTD for a target of INR 1912 – valuing the company at P/E 17x of FY20E Earning. CMP: INR 1641 Target Price: INR 1912
Our Deepawali Opportunity Portfolio Outperformed as compared to its index within Just 1 Month. The return of our portfolio is 5.39% whereas the return of Sensex is just 2.88% in this time period. This report is the analyses of the Actual Return of the portfolio and the returns of the various stocks within last 1 …
Yes Bank: The holding companies belongs to promoters family of YES BANK Yes Capital and Morgan Credits, stumped up at least Rs 700 crore in cash collateral over the past few days to Franklin Templeton MF and Reliance MF to avoid breach of covenants on non-convertible debentures. While rating agency ICRA has downgraded the long-term …
We recommend ?BUY? on JAMNA AUTO INDUSTRIES LTD for a target of INR 83 – valuing the company at P/E 25x of FY20E Earning. CMP: INR 68 Target Price: INR 83
