Monthly Archives: October 2018

Higher Delivery Quantity (31/10/2018)

BLUESTARCO 153148 8262 560
INDOCO 195094 13354 188.75
ORIENTCEM 95806 12847 82.40
GICRE 272477 38611 318.15
ACC 2171661 364940 1374.80
PNCINFRA 362376 62842 138.20
MINDAIND 396813 76834 309.80
EIHOTEL 497502 113983 161.90
TIMKEN 37581 9345 523.60

Coal India opens ofs, shares fall

stock market news

MUMBAI: With the opening of the offer for sale (OFS) of Coal India for the sale of stake, its shares are falling more than 4 per cent. In fact, the government is selling 3% stake in Coal India through the OFS. For this, floor price of 266 rupees per share has also been fixed. In the case of getting more subscription, the government will also offer 6% additional stake.

The two day long OFS is open for institutional buyers today. At the same time retail investors will be able to apply on Thursday and they will get shares at 5% additional discount. If 9 per cent of the sale of Coal India Ltd is sold through this OFS, then the government can get a total of Rs 15,000 crore from this disinvestment. For this sale, the government has offered shares on discounts of 4% or 11 rupees per share.

Due to the OFS on Wednesday, the share of Coal India fell by 4.39 per cent to 263.80 rupees during the trade. Earlier, in January 2015, the government had sold 10 per cent stake in Coal India through the OFS. At that time the government had raised Rs 23 thousand crore. The government currently holds 78.32 per cent stake in Coal India.

Markets up 500 points


Mumbai: The market has started once again this week. It rose further on Wednesday after more than 700 points on Tuesday, and the BSE Sensex jumped more than 500 points. However, there was huge fluctuation in the market today. Due to the ongoing tension between the government and the RBI, the market had come down to about 10,100 in the morning, but after the cleanliness of the government, showing strong recovery, the Nifty closed close to 10,400. BSE’s 30-share index Sensex closed at 34,442 level, up 551 points, or 1.5 per cent. On the other hand, NSE’s 50-share index Nifty closed at 188 points i.e. around 2 per cent, at 10,386 level.

Shopping in mid-caps and smallcap stocks has also been seen. BSE’s mid-cap index closed 1.5 percent higher at 14,600. Nifty’s mid-caps 100 Index is close to close to 17,200 with the strength of about 2 percent. BSE’s smallcap index closed at a level of 14,200 with a surge of 1.5 percent.

Banking, pharma, IT, consumer durables, capital goods and oil and gas stocks have seen good buying. Bank Nifty closed above 25,150 with an increase of 1.5 percent. However, there was pressure in metal stocks.

Tech Mahindra, Indiabulls Housing, UPL, HDFC, HCL Tech, IndusInd Bank, Infosys, Axis Bank and Yes Bank climbed 8.6-3.3 per cent in the gains. However, in the giants, Coal India, Dr Reddy’s, Tata Steel, Hindalco, Maruti Suzuki, Adani Ports and Kotak Mahindra Bank have closed down 3.5-0.6 per cent.

In mid-cap stocks, Torrent Power, Cummins, PNB Housing, DHFL and IGL have climbed up to 13-7 per cent. However, in the mid-cap stocks, Tata Global, JSW Energy, Motilal Oswal, Tata Power and Apollo Hospitals have slipped down 4.5-1.9 per cent. In smallcap stocks, Munjal Auto, DB Realty, Om Metals, Ahluwalia and Nelkast have closed up to 19.8-14.5 percent.

RBI governor can resign


Mumbai-based governor Urjit Patel can resign from his post in the relationship between the government and the Reserve Bank of India (RBI) on various issues. After this news, the sale of rupee and bond has accelerated. Meanwhile, the government has come forward to give cleanliness in the ongoing disputes with the RBI.

The news of the resignation of Urjit Patel and the deadlock with the RBI has also led to the release of cleanliness in the state. The Finance Ministry said that the government fully respects the central bank’s autonomy. The Ministry said, “The autonomy of the central bank under the framework of the RBI Act is very necessary and necessary for the Indian economy. There are discussions between the government and the RBI from time to time with this objective. ‘

Although the Finance Ministry in its statement did not comment on the use of power to instruct the RBI governor, which the government has not used till date.
The Government has issued at least three letters on various issues under section 7 (1) of the RBI Act, which gives the government the right to direct the central bank on issues of public interest.

According to sources, Urjit Patel can resign from his post soon. However, the RBI and the Finance Ministry have not commented on this news. Although in recent weeks the government has given many letters to the RBI governor using its rights under section 7 of the RBI Act on many issues like non-banking financial companies (NBFCs), the need for capital to the weaker banks and the borrowing of the small companies. Have sent.

Returns in two stocks in these shares

stock market news

Mumbai- As Diwali is approaching, the broker houses have recommended buying good shares of Diwali. Choice Broking has chosen a total of 6 shares during this period, which can give good returns.

In these shares, Ajanta Pharma has been advised to buy at a target of Rs 1,220, with 24% return expected. While HDFC Bank’s stock has been advised to buy at the rate of Rs 2,400, and it has been expected to return 22 per cent. Likewise, HDFC Standard Life Insurance Company has advised to buy shares of the company at a target of Rs 476, in which 32 percent returns and government-owned company IRCON has been advised to buy at a target of 605, in which 76 percent returns are expected.

However, the share of IRCON is going down significantly from the value of its IPO and so far it has given loss to the investors. Larsen & Toubro’s stock is advised to buy at a target of Rs 1,613 and it is likely to return 34 percent.

HDFC Securities has advised investors to buy shares of LIC Housing at a target of Rs 515, whose current value is 406 rupees. It has recommended buying shares of IRB Infra at a target of 256 rupees and its value is Rs. 126, whereas Emami shares have been advised to buy it on the target of 547 rupees and its value is 402 rupees. It has recommended buying the shares of Symphony at the target of Rs. 1,682 and its value is Rs. 887. That is, it is expected to double the returns.