Daily Archives: Tuesday February 19th, 2019

Reliance Power to raise Rs 2,500 crore by raising stake

Stock Trading Education

Mumbai: Anil Dhirubhai Ambani Group company, Reliance Power, is planning to raise funds by selling stake. According to sources, with the sovereign wealth funds of Qatar and Abu Dhabi, equity-sector giant KKR has expressed interest in taking a stake in Reliance Power. By selling stake in Reliance Power, the promoters are planning to raise around Rs 2,500 crore.
Anil Ambani Group’s company has appointed JP Morgan as a banker for the proposed stake sale. Sources said the promoters of the company are considering selling 18-19 percent of their total 30 percent stake. However, after the sale, he will hold 51 per cent stake in direct and indirect form. According to the information given to the Bombay Stock Exchange, by the end of December 2018, the promoter’s holding in the company was 75 percent.
Qatar Investment Authority, Abu Dhabi Investment Authority, Blackstone, TPG and KKR have shown interest in stake purchase. Last week, the Reliance Group had entered into an agreement with more than 90% of the lenders that none of them would be able to sell the pledged shares till September. Under the agreement, the group will continue to pay the interest to the lending institutions and banks with the principal.

Market continues to decline on the ninth day

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Mumbai: The Indian stock market continued to decline and closed on the 9th day with a fall. On the day-to-day trade, the Sensex declined by 145 points to 35,352 and the Nifty plunged 36 points to close at 10,604.
Nifty 50 stocks out of 50 shares, 25 green and 24 red businesses are closed. Talking about the index, the Nifty mid-cap closed at 0.48 per cent and the smallcap was up 0.36 per cent. However, when the market opened in the morning, it was open with growth, but in the last hour the market lost the day’s gain and the Sensex Nifty closed close to the low level of both the days.

In today’s business, TCS, Wipro, NTPC and Infosys have seen the least weakness while Vedanta, Grasim, BPCL and JSW Steel have got the most strength. Nifty futures up by 0.05 percent, Nifty up by 0.15 percent, Nifty IT down 2.08 percent, Nifty metal up 1.42 percent, Nifty pharma The decline of 0.25 per cent and the Nifty Reality have closed down by 1.72 per cent.
Among the top gainers, Vedanta increased 3.34 per cent, Grasim rose by 3.02 per cent, BPCL rose 2.75 per cent, Zeal rose by 2.06 per cent and JSW Steel gained 1.78 per cent. While Wipro saw 3.26 per cent, TCS 3.18 per cent, IndusInd 2.79 per cent, Adani Port 249 per cent and NTPC 2.44 per cent.

Buyback market again hot

stock market news

After the fall in market every week in the last week of the market, the buyback of the shares in the market has begun. It is reported that bluechip companies like Tech Mahindra, Larsen and Toubro (L & T), Oil India, Wipro can buybacks.
According to experts, when such large companies are bringing a buyback, investors should think about it. Buyback also creates trust in investors in a way. Also, there is also a good way to increase trust in the company and pause the falling prices of shares. Many times the owners of the company think that the company’s share price is under pressure, so the companies bring a buyback to provide it a consistency.
Also, the owners of the company bring a buyback at a good price and the investors also get the benefit in it. Or the investors make profits in their shares or they can buy it first and sell it during a buyback. Buyback offers companies sitting on cash Buyer offers or buyback from open market. There is a way to return the surplus cash to buyback shareholders.
Company buybacks so that the promoters can increase their control. Buyback is done to show trust in the company. This increases the company’s earnings per share (EPS) and price earning (PE). The buyback is also done to stop the company’s stock from falling.

Pantomoth and PI Square launches asset management LLP

stock market news

Mumbai-based pioneer merchant banker Pantomoth and PI Square of the Small and Medium Enterprises (SME) sector jointly constituted a Pantomoth PI Square Asset Management LLP. This joint venture Asset Management Company will set up India Inflation Opportunity Fund and this close-ended series will have a fund of Rs 400 crore.
Indian entrepreneurs are in a position to be benefitted from good domestic consumption and global growth in the near future. The Indian economy is estimated to be $ 5 trillion by 2025 and the FDI investment of $ 50 billion is expected. Such a fund can be quite suitable in Ace. The objective of this fund is to provide help to the emerging business and to invest.
This fund will create a good basket of investment opportunities, in which there will be unique hybrid asset allocation strategy, as well as meeting the needs of the growing businesses. The duration of this fund will be 5 years.
At this time, Mahatma Lunawat, Managing Director of Pantomath Group, said that under this joint venture we will manage funding for emerging businesses. We believe that many businesses feel financially at some level but at that time they do not get this help. This fund will prove useful as a participant in their growth and will benefit the fund investors. Vistut Pathak, chief investment officer of Pantomath PI Square, said that our focus will be on low-expansion businesses which can achieve growth in the coming year.

Higher Delivery Quantity (19/02/2019)

HATSUN 48000 1783 660.05
NH 443942 19252 199.20
KPRMILL 106904 8719 530.25
IEX 1038435 85829 164.85
TVTODAY 90400 8546 323.85
LTTS 169117 42430 1415.60
TIINDIA 48857 15925 348.95
FINPIPE 66841 22817 448.65
SCHNEIDER 54143 19020 86.95