Markets


 

Buyback boost for Infosys shares [0.13]

Posted on Aug. 17, 2017, 5:46 p.m. by Markets @ [source]

Shares of information technology (IT) major on Thursday posted their biggest jump in nearly nine months after the company said its board would consider a proposal to buy back equity shares. Shares of gained 4.54 per cent, the most since November 25, 2016, to close at Rs 1,021.2, the highest level since April 3.

board buyback capital cent crore earnings equity Infosys Rs shares

 

Tighter rules add spark to India Inc buybacks [0.05]

Posted on Aug. 17, 2017, 5:09 p.m. by Markets @ [source]

Between 2002 and 2013, companies acquired less than half the proposed share buyback amount.

In August 2013, the made some key changes to buyback regulations.

buyback cent companies market promoter proposed rate route shares tender

 

NAFED to procure pulses, oilseeds using NeML platform [0.14]

Posted on Aug. 17, 2017, 2:38 p.m. by Markets @ [source]

The National Agricultural Cooperative Marketing Federation of India (NAFED) and NCDEX e Ltd. (NeML) have signed an agreement for creating an e-platform for of and oilseeds across the country.

The e- platform is an Aadhaar-enabled and transparent platform that provides an end-to-end solution from farm-gate till its storage in a warehouse and its disposal.

bank disposal enabled end farmers lots National oilseeds platform warehouse

 

Caveats on housing finance boom [0.10]

Posted on Aug. 17, 2017, 2:21 p.m. by Markets @ [source]

The of finance companies (HFCs) have been a favourite with investors in the past two years. It is believed that a boom, actively encouraged by the government, in the lower ticket-size segment will largely be financed by these lending entities.

Affordable bank cent government HFCs loan market Rs lakh segment years

 

In comparison, (FPIs) bought equities worth Rs 21,000 crore during the period under review.

Also, they are buoyed by continued strong inflows from retail investors, she added.

bought buoyed comparison crore equities FPIs investors review Rs worth

 

Tighter Sebi rules add zing to India Inc buybacks [0.07]

Posted on Aug. 17, 2017, 1:14 p.m. by Markets @ [source]

Between 2002 and 2013, companies acquired less than half the proposed share buyback amount.

In August 2013, the made some key changes to buyback regulations.

buyback cent companies market route promoter route Rs shareholders shares tender

 

The pre-launch mock session in on Reliance ADAG-anchored Indian Exchange Ltd (ICEX) has observed average of around Rs 3,600 crore, ahead of its launch in August-end.

The one-week mock conducted last week saw participation from 62 members and their clients from 388 terminals.

clients crore launch member mock observed pre Rs session turnover

 

India's weight in the Emerging market index is expected to rise in the coming years and the will attract more foreign fund inflows going ahead, says a Morgan Stanley report.

Indeed, India's foreign free float should also rise as new securities get listed and enter the index," the report added.According to Morgan Stanley domestic institutions are likely to get bigger in size.

emerging foreign index India market Morgan report rise Stanley Terms

 

Srei Equipment Finance to raise Rs 2,000 cr through IPO [-0.01]

Posted on Aug. 17, 2017, 11:34 a.m. by Markets @ [source]

The company expects to raise Rs 1,800-2,200 crore through the IPO, expected to hit the market in the last quarter of this financial year. The company is looking at 20-30 per cent annual growth over the next few years, said Hemant Kanoria, chairman and managing director.

BNP cent equity financial growth Paribas quarter Rs crore SEF Srei

 

As a result, the government has already lost Rs 450 crore in revenue and, by the month's end, the total revenue loss is estimated to cross Rs 700 crore. The is purchased in Dubai, resulting in being quoted at a $2 premium there while, otherwise, the yellow metal was quoted at a discount of $1-2.

bars cent coins Dubai duty FTA import imported Korean Revenue

 

Sentiment was also upbeat across global with Asian shares advancing as tensions between the US and North Korea came off the boil, although the Federal Reserve's concerns about weak US inflation weighed on the dollar. The opportunity from recent correction and the announcement of share buy back from IT major supported the sentiment.

bank BSE index India inflation Nifty Rs shares stock YoY

 

Sentiment was also upbeat across global with Asian shares advancing as tensions between the US and North Korea came off the boil, although the Federal Reserve's concerns about weak US inflation weighed on the dollar.

Investors also took cues from Reserve Bank of India's minutes of August 02 meeting.

bank BSE index India Nifty Rs shares stock trading YoY

 

Apollo Hospitals hits 34-month low [0.01]

Posted on Aug. 17, 2017, 9:20 a.m. by Markets @ [source]

CLICK HERE TO READ FULL REPORT Meanwhile, in past three trading sessions, the stock of healthcare services company tanked 12% after the company’s net profit more-than-halved in June 2017 quarter (Q1FY18).The standalone net profit of the company declined 51% year-on-year (YoY) to Rs 35 crore from Rs 72 crore in the corresponding quarter of previous fiscal. Income from operations grew 15% to Rs 1,684 crore from Rs 1,465 crore in year ago quarter.“Earnings before interest, taxation, depreciation and amortisation (EBITDA) declined 7% YoY to Rs 165 crore, affected by regulations on stent pricing, loss from its newly operational Mumbai hospital, higher doctor guaranteed fees and one-time settlement charges,” analyst at Elara Capital said in quarterly update.The company says price rationalization will take at least 3-4 quarters to recover from the impact of regulations on stent pricing, added report.At 02:46 pm; the stock was down 7% at Rs 1,076 on BSE, as compared to 0.31% rise in the S&P BSE Sensex.

BSE declined net profit quarter report Rs crore stock The trading

 

SPARC hits 52-week high; stock up 15% in two days [0.00]

Posted on Aug. 17, 2017, 8:04 a.m. by Markets @ [source]

Sun Pharma, the parent company, continues to invest independently in generic research, both for process development for API and formulation development for dosage forms.

API continues development formulation generic independently invest Parent Pharma Sun

 

Select PSU shares rally; BEML, ITDC surge up to 13% [0.09]

Posted on Aug. 17, 2017, 7:18 a.m. by Markets @ [source]

Shares of and India Tourism Development Corporation (ITDC) have rallied by up to 13% in intra-day trade after the Cabinet on Wednesday decided to set up a high-powered committee of Union ministers, including Finance Minister Arun Jaitley, to expedite strategic disinvestment of public sector undertakings (PSUs).According to PTI reports, the panel will decide on matters relating to terms and conditions of the sale from the stage of inviting of expressions of interest (Eols) till inviting of financial bid, the statement said.

The trading volumes on the counter jumped three-fold with a combined 3.16 million shares changing hands on both the exchanges.In January 2017, informed the stock exchanges that the Government of India, Ministry of Defence, had communicated 'in-principal' approval of the Cabinet Committee on Economic Affairs (CCEA) of the Government of India, for strategic disinvestment of 26% equity shares in out of Government of India shareholding of 54.03%.The company said shareholding would be sold to the strategic buyer/s to be identified by the Government of India by following due procedure.So far in 2017, the stock of zoomed 88% from Rs 1,001, against 19% rise in the S&P BSE Sensex.has also surged 13% to Rs 564 on BSE in intra-day trade on back of six-fold jump in trading volumes.

BSE day Government India intra Rs shareholding shares stock strategic trade

 

These 9 steel stocks rallied over 50% in 2017 so far [0.09]

Posted on Aug. 17, 2017, 6:17 a.m. by Markets @ [source]

Company 30/12/2016 LTP % chg Jindal Stainless 37.75 83.20 120.4 Jindal Steel 69.10 139.35 101.7 Jindal Stainless Hisar 89.85 172.55 92.0 Mah.

Shares of steel companies are on a roll with nine companies include Tata Steel, Jindal Stainless Hisar, Welspun Corp, Kalyani Steel, Jindal Saw, Maharashtra Seamless and APL Apollo having rallied over 50% so far in the calendar year 2017.& Power (JSPL) and Jindal Stainless have seen their market value more than doubled on improved financial performance.The financial results of eight of the companies that have been announced as of now, have posted a combined net profit of Rs 9 crore in last six months (January-June, 2017).

APL Apollo companies financial Hisar Jindal results Rs stainless Steel

 

Back home, investors also took cues from Reserve Bank of India's minutes of August 02 meeting.

The extended gains for the third straight session thanks to gains in index heavyweight after it received approval from Sebi on its share buyback.

bank inflation meeting minutes Nifty rate Rs stock trading YoY

 

Shares of aviation companies were trading higher for the third straight trading session after they reported a good set of numbers for the April-June quarter (Q1FY18).InterGlobe Aviation, and were up in the range of 1% to 3% on BSE. On comparison, the S&P BSE Sensex was up 101 points or 0.32% at 31,872 at 10:26 am.and SpiceJet, together, have reported 33% year-on-year (YoY) growth in combined net profit of Rs 984 crore against Rs 741 crore in year ago quarter.InterGlobe Aviation, owner of India's largest airline IndiGo, hit a 52-week high of Rs 1,346, up 2% on BSE in intra-day trade.

Aviation BSE FY18 growth industry InterGlobe profit quarter Rs crore trading

 

Thus far in the calendar year 2017, stock had underperformed the market by falling 3.3% as compared to 19% rise in the S&P BSE Sensex till Wednesday.

In past one year, most of the information technology (IT) majors, include Tata Consultancy Services (TCS), Wipro, HCL Technologies, MindTree and MphasiS had announced through tender offer.

BSE buyback calendar falling major market rise shareholders stock underperformed

 

In a 38-page order, the watchdog said the practices adopted by the 22 entities are "serious in nature which have the cascading adverse effect towards the investors/ shareholders" and have inflicted a on them.

After observing certain irregularities pertaining to the of BLL, the regulator had passed an order against the company and its directors back in December 2011.Investigations found that certain fraudulent exercise were committed by the promoters of BLL in connivance with other entities resulting in siphoning of Rs 8 crore worth funds.It was also found that BLL's board had passed certain resolutions to raise funds through short term unsecured loans in the form of Inter Corporate (ICDs).According to Sebi, it was observed that the promoters of BLL in connivance with the noticees had indulged in fictitious transactions and and in the process also siphoned of the funds from the proceeds.noted that fraudulent practices of siphoning off funds from proceeds, round tripping and creating false liability in the form of ICDs, misutilisation of the proceeds to offset losses suffered by entities in the market and concealment of material information can influence the decision of investors while making investment in the"The noticees have acted in a concerted manner in inflicting a on the unsuspecting/ gullible investors of BLL who have fallen prey to the fraudulent acts...," the order said.has directed the entities to pay the penalty of Rs 17.55 crore within 45 days of receiving the order.In 2015, the Securities Appellate Tribunal had set aside the adjudication order in the matter that was passed in December 2013.

BLL December fraudulent funds investors passed practices proceeds promoters watchdog