Wednesday, 12 December 2018

Sensex soars 400 points | Nifty above 10,650 led by bank | auto | metal stocks

ACC approves expansion proposals: ACC board granted its approval for setting up a Greenfield Integrated Cement Plant at Ametha, District Katnl, Madhya Pradesh along with expansion of the existing grinding unit in Tikaria, Uttar Pradesh and a third grinding unit also in Uttar Pradesh. Also approved the setting up of 1.1 MTPA Cement Grinding Facility at the existing location at Sindri, Jharkhand.

Rupee Update: Indian rupee is recovered from the day's low but trading lower at 71.96 per dollar.

Zydus Wellness to acquire Heinz India: Shares of Zydus Wellness gained 2 percent on Wednesday after the company received CCI approval for the acquisition of businesses of Heinz.

Buzzing: Share price of Ashok Leyland jumped 3 percent intraday Wednesday after the company signed Memorandum of Understanding (MoU) with Israel's  ELBlT Systems.
As part of this agreement, Ashok Leyland will provide High Mobility vehicles (HMV) for mounting Elbit Systems' artillery guns and systems. 
Financials rally: Shares of banks and non-banking financial companies (NBFCs) soared in trade after the government appointed a successor to Urjit Patel. The Centre on Tuesday announced the appointment of Shaktikanta Das, former finance secretary to lead the Reserve Bank of India (RBI).
Yes, Bank, Kotak Mahindra Bank, IDFC Bank, Federal Bank, and Punjab National Bank, among others rose 1-4 percent. 
In the NBFC space, Indiabulls Housing Finance, HDFC and Bajaj Finance among others, too, rose up to 2 percent. 
Banks under PCA rise Banks such as Allahabad Bank, Oriental Bank of Commerce and United Bank of India, among others, are surging in trade today after Shaktikanta Das was chosen as the RBI Governor. 
Yes, Bank surges Shares of Yes Bank traded around 3 percent higher ahead of its Board Meeting to name a successor to Rana Kapoor. 
Market opens It is a positive start for the market on Wednesday morning, as investors reacted to double news of Shaktikanta Das being appointed RBI governor as well as results to state elections in five states. 
The Sensex is up 128.23 points or 0.36% at 35278.24, while the Nifty is higher by 33.20 points or 0.31% at 10582.40. The market breadth is positive as 314 shares advanced, against a decline of 93 shares, while 12 shares were unchanged.
All sectoral indices are trading in the green, with most gains seen in metals, infrastructure, banks and automobiles. 
Shares of Yes Bank and Sun Pharmaceuticals and Indiabulls Housing were the top gainers, while Coal India, ICICI Bank, and Dr Reddy's Laboratories lost the most. 
RUPEE OPENS The Indian rupee opened lower by 35 paise at 72.20 per dollar on Wednesday versus 71.85 yesterday.
Market at pre-open Equity benchmarks have begun higher in pre-opening trade, with the Nifty trading above 10,500.
The Sensex is up 113.60 points or 0.32% at 35263.61, and the Nifty up 60.70 points or 0.58% at 10549.20. 
IPO UPDATE | China-based music streaming company Tencent Music Entertainment Group said it raised close to $1.1 billion in its US initial public offering (IPO) after pricing its shares at the bottom of its targeted range.
The music arm of gaming and social network giant Tencent Holdings Ltd priced its American Depositary Receipts (ADRs) at $13 per share, at the low end of its indicated $13 to $15 per share range, it said in a filing with the Hong Kong stock exchange.
The IPO values Tencent Music at $21.3 billion and shows how companies are defying a bout of market volatility with flotations.

Monday, 10 December 2018

As exit polls indicate close contest, here's what investors should do

If BJP were to retain 2 out of 3 Hindi heartland states where it is in direct competition with the Congress, the market would heave a sigh of relief and be range bound.

It looks like it will be a close contest between the ruling party BJP and the biggest opposition party, Congress when the results for the five state elections will be announced on Tuesday.
Ahead of the results, India VIX fell 3.70 percent to close at 18.59 levels on December 7. It has risen from 18.22 recorded on December 3. Higher VIX suggests more volatile swing in the market in next coming sessions.
The S&P BSE Sensex and the Nifty50 plunged below crucial support levels in trade on December 10 and exit polls suggested a tight finish between the BJP and the Congress which might not go down well with markets, suggest experts.
A loss of BJP will not push markets into a tailspin but will limit further upside. If the opposition gains ground in key states such as Madhya Pradesh, Rajasthan as well as Chhattisgarh it might hit investor sentiment.
“If BJP were to retain 2 out of 3 Hindi heartland states where it is in direct competition with the Congress, the market would heave a sigh of relief and be range bound. However, if BJP were to emerge victories only in 1 of those 3 states then it would inject a sense of uncertainty in the run-up to the general elections due in April-May 2018,” Ajay Bodke, CEO - PMS, Prabhudas Lilladher told Moneycontrol.
“The possibility of a largish correction is still looming. However, the Indian market is unlikely to breach its recent low of 10,100 due to the dramatic plunge in global crude oil prices and improvement in macros,” he said.
On the options front, maximum Put OI is placed at 10,000 followed by 10,200 strikes, while the maximum Call OI is seen at 11,000 followed by 11,500 strikes. Options band signifies a broader trading range between 10,550 and 10,850.
Most of the exit polls suggest that Congress is likely to make a comeback or at least give a tough fight to the ruling party, BJP, in Chhattisgarh, Rajasthan as well as Madhya Pradesh. The other two states, Mizoram and Telangana, are not material to the markets.
But, following exit polls blindly is also dangerous because there have been instances when they went not just off the mark but totally wrong. Hence, the outcome of the exit polls should be taken with a pinch of salt.
However, what it will certainly do is make markets volatile on Monday and on Tuesday when the actual results are scheduled to be declared. The next big question is, ‘what should investors do now’?
Well, the most straight and safe answer is avoid trading and if in case you have already placed your bets according to what you think could be the outcome and how it will play out in markets, buying put options to safeguard your portfolio can also be done, suggest experts.
“Ideally, for a situation like this when ahead of the event we have seen a big uptick from the recent lows. Anything bought can be held on to with a protection buying. Considering a negative outcome, the impact of risk premia on the buyer of the Puts post-event, be ready for a knock of about a couple of percent,” Shubham Agarwal, CEO & Head of Research at Quantsapp Private Limited told Moneycontrol.
“This limits the downside as with if not more (looking at the preceding move) the odds remain equal for either side, hence if there is upside volatility, it seldom gives chance to buy into,” he said.
Amit Gupta, Head of Derivative at ICICIdirect told Moneycontrol that history suggests that since 2016, Volatility has found it tough to move above 25 percent levels. Hence, we don’t recommend buying further Put options now in case you have bought before.
“In fact, post the event as volatility is expected to decline one can sell the options after that to capture the decline in option premiums,” he said.

How are FIIs placed?

Foreign investors have pulled put close to Rs 400 crore from the Indian stock market in the last five trading sessions amid weakness in global equities due to the arrest of a high-profile Chinese executive.
This comes following a net inflow of over Rs 6,900 crore in the equity market by Foreign Portfolio Investors (FPIs) on easing crude oil prices and a strengthening rupee.
It looks like FIIs are also moving cautiously ahead of the event, but not negative which suggests that the possibility of a big downside remain limited.
In the derivatives market, FIIs added 21,000 short Index Futures, 9,000 long Index PE and 19,000 short Stocks Futures contracts on Friday, AceEquity data showed. “Nifty DEC added 14247 contracts in Open Interest today, Banknifty DEC continued to shed OI with reduction of 8,375 contracts.
“Since last 10 days, FIIs have been a buyer in the INDEX FUTURES  & INDEX OPTIONS  segment amounting to 5174 crs &  8072 crs respectively, which indicates that FIIs have taken a hedge position ahead of not only election results but also against upcoming global events,” Rajesh palviya, Head Technical, and Derivative Analyst, Axis Securities told Moneycontrol.
Gupta of ICICIdirect said that FIIs who were absent in the previous months have started buying in both Debt and Equity markets as the rupee move has stabilized. “They have bought close to Rs. 14500 cr. in both Debt and Equity segments. This points towards some optimism before the event,” he said.

Friday, 7 December 2018

Zydus Wellness | Khadim India | HCL Tech | NHPC | Wipro | Sagar Cements | REC |Coal India

Sagar Cements | Coal India | Rural Electrification Corporation | HCL Tech | Kajaria Ceramics | IFCI and Punj Lloyd are stocks which are in the news today.

NHPC: Company has been declared as the successful resolution applicant by the Committee of Creditors (CoC) of Lanco Teesta Hydro Power Limited subject to the final approval by adjudicating authority.

IBM to sell some of its software products to HCL for $1.8 billion
Khadim India: The company has issued the commercial paper for an aggregate amount of Rs 30 crore.
Cadila Healthcare and Zydus Wellness: Company entered into a share subscription agreement (SSA) with subsidiary Zydus Wellness to subscribe to 85,02,170 equity shares at an issue price of Rs 1,382 amounting to Rs 11,74,99,98,940.
Wipro: Company and Alfresco expand partnership to offer open source based digital transformation capabilities.
Sagar Cements: Consolidated cement sales increased 36.29 percent to 3,15,106 MT versus 2,31,202 MT YoY.
Punjab & Sindh Bank: Bank to consider issue of equity shares via QIP up to amount of Rs 500 crore and issue of Basel III Compliant Tier II bonds up to of Rs 1,500 crore - CNBC-TV18.
HUDCO: Board to mull raising up to Rs 1,000 crore via bonds.
Coal India: Government cuts stake in company by 2.2 percent to 72.9 percent.
IL&FS Financial Services: Company unable to service obligation of interest payment of NCDs worth Rs 52 crore due December 6 - CNBC-TV18.
Rural Electrification Corporation: Company approved JV with Maharashtra Power Utility for new projects and to sell transmission unit to Power Grid.
IL&FS Engineering and Construction Company: Bhaskar Chatterjee, Non-Executive Independent Director of the company tendered his resignation from the directorship of the company.
Nandan Denim: Vedprakash Chiripal, belonging to promoter & promoter group entities, acquired 40,000 equity shares of the company through open market on December 4.
Polycon International: Bank loan rating of the company has been revised by the rating agency, Brickwork Ratings from BB to BB- and A4+ to A4.
Bulk Deals
Kajaria Ceramics: Wasatch Advisors Inc A/C Wasatch International Growth Fund bought 10,37,576 shares of the company at Rs 435.35 per share while Abu Dhabi Investment Authority sold 10,10,000 shares at Rs 435.26 per share on the NSE.
Punj Lloyd: IFCI sold 43,97,267 shares of the company at Rs 4.98 per share on the NSE.
Shubhlaxmi Jewel Art: Kanadia Fyr Fyter Private Limited sold 80,000 shares of the company at Rs 27.5 per share on the NSE.
Vikas EcoTech: Garg Vikas sold 75,00,000 shares of the company at Rs 12 per share on the NSE.
Analyst or Board Meet/Briefings
Indo Count Industries: Company's officials will be meeting investors and analysts (participants) on December 7.
Dolphin Medical Services: 26th Annual General Meeting of the members of the company is scheduled to be held on December 29.
VIP Clothing: Company's officials will be attending a conference organised by Systematix Shares & Stocks (I) Limited on December 7.
Muthoot Finance: Q2FY19 results conference will be hold on December 7.
Siyaram Silk Mills: Company will be participating in Consumer /Investor Conference on December 7 in Mumbai.

Thursday, 6 December 2018

Over 200 stocks are trading above 50, 200-DMA

Long-term investors tend to look at the 200-day moving average while active traders are more likely to pay attention to the 50-day moving average.

The 50-day moving average (DMA) and 200-DMA can help traders filter stocks that are showing signs of strength amid market volatility. The general rule is if a stock trading above its 50-DMA and 200-DMA, the trend is largely upward, although there could be an intermediate downtrend as well.
At the moment, about 800 stocks are trading above their 50-DMA while a little over 300 stocks are trading above their respective 200-DMA, data from shows.
In all, as many as 245 stocks are trading above their respective 50-DMA as well as 200-DMA, which is a sign of strength.
These stocks include 3M India, Bajaj Finserv, Britannia Industries, HDFC Bank, HDFC, TCS, L&T, HCL Technologies, Lupin, Tech Mahindra, Infosys, and Havells India, among others.
Indices that are showing signs of strength include the Nifty, Nifty100, Nifty Bank, Nifty Energy, Nifty FMCG, Nifty IT, Nifty Private Bank, among others.
Here is a sample list of 40 of the 245 stocks that are displaying signs of strength:

Referring to the above chart, yes, more than 200 stocks are trading above their 50 as well as 200-DMA but not all stocks are a right buy, suggest experts.
Investors should use other parameters such as RSI, Stotachtics as well as other trend indicators to confirm the trend. If you are planning to go long in the stock, the above list could help you in filtering your stocks.
“At best 50 and 200-day moving average can be used to gauge the broader trend of the scrip/index but as a trading tool they may be having less utility as trading decisions can’t be exclusively made based on these parameters unless they have respected these levels on multiple occasions in the past,” Mazhar Mohammad, Chief Strategist – Technical Research and  Trading Advisory, told Moneycontrol.
“Nevertheless, they can be useful in understanding the sentiment whether it is weak or strong over a period of time,” he said.
Before we move forward, let us understand, what are moving averages? Moving average is the average closing price of a stock over a specified period.
For instance, the 50-day moving average (MA) is the average closing price for the past 50 days. The most widely followed MAs are 50-day and 200-days.
Long-term investors tend to look at the 200-day moving average while active traders are more likely to pay attention to the 50-day moving average.
Going by the thumb rule, it is best to avoid stocks that are trading below their 50 and 200-day moving average in case you are planning to go long in the stock.
In technical trading, moving averages such as the 50-DMA, 200-DMA act as both support and resistance levels for the stock. If a stock is currently trading above its 50-DMA/200-DMA, then these moving averages may act as support to the stock’s price.
On the contrary, if the stock is trading below its 50-DMA/200-DMA, then they might act as resistance to the stock price.
“Apart from 50 and 200-DMA, prior highs and overhead supply can also act as resistance,” Vipin Khare, Director- Research, William O'Neil India told Moneycontrol.

Wednesday, 5 December 2018

Stock Market Classroom with Udayan | How promoter credibility impacts investor returns

Promoters' decisions on capital allocation and their ethical framework go a long way in determining how much money investors make

A company's promoter group is crucial in shaping investor returns. If promoters don't appear aggressive in terms of acquiring companies and exploring new lines of business, chances are that investor returns won't be great.
Promoters' decisions on capital allocation, and their ethical framework also go a long way in determining how much money investors make. Returns can be greater if the market perceives the promoter as ethical and strong.
TCS and Infosys are examples of good companies that generate decent returns for their shareholders.
Investors shouldn't wait to hear news about the promoters of a company to form opinions. It is better to trust your gut and leave the company if you don't get a good feeling about the promoter.
In the fourth episode of Stock Market Classroom, Udayan Mukherjee, Consulting Editor at CNBC TV18, talks about the role of a promoter in maximizing investor returns.

If you want to trade in share market then you should choose the right firm for trading. if you want really profit then you can contact TradeIndia Research.

Tuesday, 4 December 2018

Sun Pharma | Ceinsys Tech | VST Tillers | NCC | Uflex | Ramky Infra

Infibeam Avenues | Omax Autos | Sun Pharma | Ceinsys Tech | VST Tillers Tractors | Gravity (India) and NCC are stocks which are in the news today.

Sun Pharma Clarification: Company has not been involved in any insider trading norm violations relating to the Ranbaxy deal. However, there was some minor technical issue relating to a procedural aspect of trading window closure due to intervening holidays.

India Cements: Company acquired a controlling stake of 51 percent in Springway Mining Private Limited, thereby it became subsidiary.
Welspun Enterprises: Subsidiary Welspun Sattanathapuram Nagapattinam Road Private Limited (WSNRPL) and National Highways Authority of India executed the Concession Agreement for four-laning of Sattanathapuram to Nagapattinam section of NH-45A (New NH -332) in Tamil Nadu under NHDP Phase-IV on Hybrid Annuity Mode.
Ramky Infrastructure: Company completed sale of NAM Expressway Limited to Cube Highways and Infrastructure Pte Ltd, Singapore. Hence, consolidated debt of the company is reduced by about Rs 1,559 crore.
Share India Securities: Board approved, after recommendation of the Audit Committee of the company, the draft Scheme of Amalgamation of Total Securities Limited with the company, and investment in subsidiary Share India Insurance Brokers Private Limited through acquisition of 41.50 lakh equity shares by way of right issue.
Emmbi Industries: Emmbi launched a funding scheme for farmers with Bank of Maharashtra.
NMDC: Prices of lump ore (65.53, 6-40mm) fixed at Rs 3,550 per tonne and fines (643, - 1 Omm) at Rs 3,110 per tonne.
Uflex: US patent granted to FlexFilms for breakthrough BOPET Film used for Alu Alu Blister Pack.
NCC: Company has received two new orders totaling to Rs 220.2 crore in November.
Gravity (India): Board meeting is scheduled on December 13 to consider the proposal for sale of premises of the company situated in Andheri East, Mumbai.
VST Tillers Tractors: Power tillers sales at 2,108 units in November 2018 against 2,408 units; tractors sales at 628 units against 514 units YoY.
Omax Autos: Board approved the proposal for setting up a new industrial unit for manufacture and supply of 'Long Member' at or around Raibarelli, Uttar Pradesh.
Ceinsys Tech: Company bagged project from Thane Smart City Limited worth Rs 121.04 crore towards supply, installation, commissioning, operation & maintenance for smart water meter & related infrastructure work for water supply system of Thane City.
Infibeam Avenues: Company signed agreement for investment into Instant Global Paytech Private Limited.
Narayani Steels: Board approved the migration of the company from BSE SME Board to Main Board of BSE Limited.
Bulk Deals
B&B Triplewall: NNM Securities sold 1,05,000 shares of the company at Rs 46.05 per share on the NSE.
BLS International Services: Taiyo Greater India Fund sold 11,58,466 shares of the company at Rs 109.24 per share on the NSE.
Bohra Industries: Varun Krishnavtar Kabra bought 2,00,000 shares of the company at Rs 31.12 per share on the NSE.
GSS Infotech: Jatalia Finance Company purchased 93,000 shares of the company at Rs 130.91 per share and Minesh Jormalbhai Mehta bought 1,00,000 shares at Rs 128.63 per share on the NSE.
Analyst or Board Meet/Briefings
ABG Shipyard: Meeting of 18th Committee of Creditors of company is scheduled to be held on December 6.
Prataap Snacks: Company will be attending B&K Securities's Investor Conference, Emergent India - 2018 on December 4 in Mumbai.
IIFL Holdings: Company's officials will be meeting Sundaram Mutual Fund on December 4.
DIL: Company's officials will be interacting with investors on December 4.
Alembic Pharma: Board meeting will be held on December 6 to consider a fresh proposal for issue of non-convertible debentures on private placement basis.
Vodafone India: Company's officials will be meeting institutional investors in Singapore on December 4, in Hong Kong on December 5-6 and in Chennai on December 7.
Kwality: Board meeting will be held on December 14 to consider the unaudited financial result for the quarter and half year ended September 2018.
Mahindra & Mahindra: Company's officials will be meeting Sundaram Mutual Fund on December 4 and Neuberger Berman on December 5 in Mumbai.
Mandhana Industries: Annual General Meeting to be held on December 28.
PI Industries: Company's officials will be meeting IIFL Asset Management Company on December 4, Spark Capital on December 6, and Quest Investment Advisors and Kotak Institutional Equities on December 7.
Voltas: Company's officials will be meeting Neuberger Bergman on December 4, attending DB India Manufacturing Day and Systematix Rising Consumerism Strengthening Brands Conference 2018 on December 7.
Zydus Wellness: Board meeting is scheduled on December 6 to consider raising funds through issue of securities on a preferential allotment basis; and raising debt through issue of secured or unsecured redeemable, non-convertible debentures on private placement basis.
HPCL: Company's officials will be meeting Blackrock in Hong Kong on December 4.
Allcargo Logistics: Analyst/Institutional investor meetings are scheduled to be held on December 4 and December 6.
SKF India: Company's officials will be meeting Franklin Templeton, Premji Invest and ADIA on December 4.
Jindal Stainless: Conference/ meeting with certain investors/analysts will be held between December 5 and 7.
Aegis Logistics: Company's officials will be meeting investors and analysts (participants) on December 4.
Shriram Transport Finance Company: Company's officials will be meeting Moon Capital and Wellington Management on December 4.
Pritika Auto Industries: Board meeting is scheduled on December 8 to consider issue and allot equity shares on preferential allotment basis for cash.
Shree Pushkar Chemicals: Company's officials will be attending the investor conference hosted by B&K Securities on December 4 in Mumbai.
Dr Lal PathLabs: Company's officials will be meeting JN Asia lnfra Fund on December 4 and HDFC Life on December 5.
Digjam: Board meeting to be held on December 13 to announce September quarter results.
Great Eastern Shipping: Company's officials will be meeting analysts/investors on December 4 in the investor conference hosted by B&K Securities.
Nihar Info Global: Board meeting is scheduled on December 12 to consider allotment of 13,07,000 equity shares non promoters.
Escorts: Company's officials will be meeting investor/fund houses in KEI Rural India Forum on December 4 in Mumbai.
Industrial Investment Trust: Board meeting will be held on December 11 to consider the unaudited financial results of the company for the quarter ended September 2018.
CRISIL: Company's officials will be meeting Crimson Asset Management on December 5.
Mahindra & Mahindra Financial Services: Company's officials will be meeting Karma Capital Management on December 4, Egerton Capital on December 5 and Hamilton Capital Partners Inc on December 18.
Bodal Chemicals: Company's officials will be participating in B&K's Investor Conference - Emergent India 2018 organised by B & K Securities on December 4 at Mumbai.

Monday, 3 December 2018

Tata Motors | SpiceJet | Maruti | Escorts | Biocon | Laurus Labs | Prakash Industries

Tata Motors, Maruti Suzuki, Escorts, Hero MotoCorp, Merck, Jet Airways, SpiceJet, Biocon and Laurus Labs are stocks which are in the news today.

If you want to earn money from share market then you can get a free trial from TradeIndia research. Here you will find the best researchers in the share market.

Tata Motors: Company witnessed a drop of 4 percent at 50,470 units in November 2018 as against 52,464 units over last year, due to low consumer sentiments as a result of liquidity crisis in the industry, higher interest rates and rising fuel costs.
Maruti Suzuki: November sales down 0.7 percent at 1.53 lakh units versus 1.54 lakh units YoY.
Mahindra & Mahindra: November auto sales up 17 percent at 45,101 units against 38,570 units YoY.
Escorts: November sales up 56.4 percent at 8,005 units versus 5,119 units YoY.
SML Isuzu: November sales up 1 percent at 688 units versus 681 units YoY.
Eicher Motors: Commercial vehicle sales dropped to 4,720 units in November 2018 against 4,916 units in same month last year.
Atul Auto: Sales increased 12.60 percent to 4,003 units in November 2018 against 3,555 units YoY.
Hero MotoCorp: Company's November sales increased to 6,10,252 units against 6,05,270 units sold in November 2017.
Merck: Company completed divesting consumer health business to Procter & Gamble (P&G) at a cash purchase price of 3.4 billion euro.
Sun Pharma: SEBI likely to re-open an insider trading case against Company; and whistleblower approaches SEBI w.r.t irregularities by promoter Dilip Shanghvi & Others - PTI Sources.
Sudhir Valia, ED, Sun Pharma told CNBC-TV18: The company has no idea about the insider trading case against itself, has no communication.
Jet Airways, SpiceJet, InterGlobe Aviation: ATF prices for domestic airlines cut by 11 percent to Rs 68,051/kL.
Biocon: Company gets European Union regulator nod for biosimilar Pegfilgrastim.
Vodafone Idea: Company seeks shareholder nod to appoint Balesh Sharma as CEO.
Laurus Labs: Company and Aspen Pharmacare, South Africa launched a new HIV drug with the triple combination of Dolutegravir, Lamivudine and Tenofovir Disoproxil Fumarate (DLT) in South Africa.
Bank of Maharashtra: AS Rajeev is appointed as Managing Director & Chief Executive Officer of the bank for a period of three years.
Vodafone Idea: NCLT approved the Scheme of Amalgamation of Aditya Birla Telecom Limited (a wholly owned subsidiary) with Vodafone Idea Limited.
GOCL Corporation: NCLT sanctioned the Scheme of Arrangement for merger of two wholly owned subsidiaries namely, IDL Buildware Limited and Gulf Caressorie India Limited with the company.
Mindtree: NCLT approved the Scheme of Amalgamation of Magnet 360, LLC (transferor company), the wholly owned subsidiary of the transferee company with Mindtree Limited (transferee company).
Vikas Proppant & Granite: Company planned to manufacture Proppants and mining of granite and fractured debris near Jodhpur.
Narayani Steels: Board meeting is scheduled on December 3 to consider the proposal of migration of the company from SME Platform to the Main Board of BSE Limited.
Monte Carlo Fashions: Board appointed Raj Kapoor Sharma as CFO of the company.
Monte Carlo Fashions: Board approved the proposal for buy-back of fully paid-up equity shares not exceeding 10 lakh shares (representing 4.60 percent of the total paid up equity) at a maximum price of Rs 550 per share for an aggregate maximum amount of Rs 55 crore.
TV Today Network: Vivek Khanna resigned from the position of Chief Executive Officer of the company to pursue other professional opportunities.
RMG Alloy Steel: India Ratings & Research Private Limited assigned BBB-/stable rating for long term borrowings.
Orissa Bengal Carrier: Board approved loan facility of Rs 7 crore from Kotak Mahindra Bank for the purpose of meeting the working capital requirements.
Borosil Glass Works: Company has made additional investment of Rs 2.45 crore by way of subscription towards the first and final call of Rs 5 each in the rights issue of equity shares of Borosil Technologies (formerly known as Borosil Glass Limited), a wholly owned subsidiary company.
Orchid Pharma Q1FY19: Loss at Rs 46 crore versus loss at Rs 114.5 crore; revenue falls to Rs 130.65 crore versus Rs 139.6 crore YoY.
Sun Pharma: Scheme of Arrangement among Sun Pharma Global FZE and Sun Pharmaceutical Industries and their respective members and creditors for demerger of the Specified Undertaking of Sun Pharma Global FZE into the company, is effective from December 1.
Cadila Healthcare: Zydus receives final approvals from the USFDA for Teriflunomide tablets, which is used to treat relapsing forms of multiple sclerosis.
Sandhar Technologies: Company has signed a joint venture agreement with Kwangsung Corporation Ltd., Republic of Korea.
Prakash Industries: Company is likely to record growth of around 30 percent in sales volumes and 40 percent in sales realisation in Q3FY19 as compared to the same quarter last year.
BHEL: Company despatches its 40th nuclear steam generator to NPCIL for installation at Rawatbhata Atomic Power Project.
Genus Paper & Boards: Company has terminated the lease agreement for Kraft paper manufacturing facility located at Kashipur, Uttarakhand.
Ashiana Housing: Company has entered into a management agreement with Genesis Rehabilitation Services India Pvt. Ltd. to manage and operate, the 'Utsav Care Homes' - Bhiwadi (Rajasthan), a part of Senior Living development 'Ashiana Utsav'.
Brigade Enterprises: Brigade announces the launch of Plumeria Lifestyle at Brigade Meadows, Bangalore.
Warren Tea: Long term rating of the company has been revised from BBB+ to BBB and the short term rating has been revised from A2 to A3+.
United Bank of India: Ashwini Kumar Jha is appointed as Chief Financial Officer of the bank.
Mahindra & Mahindra Financial Services: Company has achieved its highest ever volume of financing 84,000 vehicles/tractors in November.
Vaarad Ventures: Company has transferred its all equity share (39.58 percent) held in Anewera Marketing Private Limited to ATCOM Technologies.
VIP Clothing: Company will not be continue, the Eminence licence agreement entered with Eminence group for manufacturing and marketing of undergarment under brand name called EMINENCE, which is due for expiry on December 31, 2018. The contribution towards sales from Eminence brand was not significant and hence company won't be renewing said agreement further.
Vimta Labs: M Murali Mohana Rao, Chief Financial Officer has resigned from his services of the company.
Shanti Educational Initiatives: Company received in-principle approval from BSE for migration of equity shares of company from SME to main board of BSE.
Orient Bell: Board approved appointment of Himanshu Jindal as Chief Financial Officer (CFO) of the company.
Indsil Hydro Power and Manganese: Company has leased out a part of specified plant & machinery at Raipur to Nikita Metachem Private Limited, Raipur for an initial period of one year.

Sensex soars 400 points | Nifty above 10,650 led by bank | auto | metal stocks

ACC approves expansion proposals:  ACC board granted its approval for setting up a Greenfield Integrated Cement Plant at Ametha, District ...