Market Now: Realty construction to attract higher GST; realty stocks fall up to 3%
Uploading Date : 30-06-2017Most of the realty stocks came under heavy selling pressure in early trade on Friday after the government revised the goods and services tax (GST) for construction of real estate to 18 per cent from 12 per cent announced earlier...............
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CDSL makes stellar debut; stock jumps 68% on NSE listing
Uploading Date : 30-06-2017Central Depository Services (India) Limited (CDSL) has makes a strong debut by listing at Rs 250, a 68% premium against its initial public offer (IPO) price of Rs 149 on the National Stock Exchange (NSE). CDSL is the first depository to be listed on the country’s stock exchanges.........
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BSE Realty gains 60%! Sectors that outperformed Sensex in 2017 so far
Uploading Date : 28-06-2017As Sensex surged 16% this calendar year, some sectors outperformed the frontline index, rising as much as 60% in the given time period. While Realty, consumer durables, banking and finance sectors lead the rally, only IT and health indices have been in the red for 2017..............
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Welspun Enterprises hits 52-week high; stock up 15% in two days
Uploading Date : 28-06-2017Welspun Enterprises hit 52-week high of Rs 117, up 9%, extending its Tuesday’s 6% gain on BSE on the back of heavy volumes. Till 10:26 am; a combined 1.59 million equity shares exchanged hands against an average sub-one million shares that traded daily in the past two weeks on BSE and NSE............
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M&M's tractor business turns more fertile than SUVs, CVs
Uploading Date : 27-06-2017M&M’s tractors may not be as visible as its sports utility vehicles (SUVs) which vroom on Indian roads, but it is the tractor that is driving the auto major’s profitability while being a smaller contributor to revenues. As things stand this year, tractors could further expand its share in both revenue and profitability...............
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HPCL joins talks to buy stake in Russian oil fields
Uploading Date : 26-06-2017State-owned Hindustan Petroleum Corporation (HPCL) has joined the Indian consortium negotiating buying a 49 per cent stake in Russia's Vankor Cluster oil fields in the Arctic region..........
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Weakening crude prices create bullish setup for aviation stocks
Uploading Date : 24-06-2017Crude oil prices fell more than 50 per cent from their highs of June 2014 as concerns over global oversupply condition wiped out the entire price gains since the Opec move to cut production.........
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Tata Power proposes to sell 51% equity in loss-making Mundra UMPP at Re 1
Uploading Date : 22-06-2017Saddled with losses, Tata Power has approached the ministry of power and Gujarat Urja Vikas Nigam Limited (GUVNL) to sell 51 per cent equity in the 4,000-Mw Mundra Ultra Mega Power Project (UMPP) to them. Tata Power has offered a price of Re 1 for writing off the UMPP from its books...........
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