MUMBAI – Container Corporation of India (CONCOR) will be excluded from the derivatives segment, effective September 29, NSE said in a circular late Friday. The existing contracts of expiry months July, August and September would continue to be available for trading till their respective expiry and new strikes would also be introduced in the existing … Read more
Brokerage firm Jefferies maintained a buy rating on Sunteck Realty. Credit Suisse is bullish on L&T, UltraTech Cement, and Cummins India while it maintains an underperform stance on Container Corp, ABB India, and Voltas. CLSA continues to like HUL, ITC, and Dabur India while it has maintained its sell rating on Britannia Industries and Nestle … Read more
“Question is whether you will get an allotment or not because of the heavy over subscription. But, from retail investor perspective, it is a good opportunity and perhaps you could even add some stock post listing,” says Dipan Mehta, Director, Elixir Equities.Mankind Pharma, an offering from the pharma sector after a while, wanted to understand … Read more
The Nifty is heading towards 18,900 levels in the near term with traders building bullish bets on the market, say technical analysts. Traders should, however, adopt a stock specific approach and look to add quality stocks such as , , L&T, , ACC and for a 5-7% upside in the short term, they said. SUDEEP … Read more
The government on Tuesday extended the deadline till August 17 for merchant bankers and legal advisors to bid for managing strategic sale of RINL. The earlier deadline for submitting bids was July 28. The Department of Investment and Public Asset Management (DIPAM) had on July 7 floated the Request for Proposal (RFP) for appointing transaction … Read more
To further improve the visibility on the annual LLF outgo, Concor has entered into a 35-year lease agreement for 24 terminals with the railways. Synopsis Concor currently uses 26 terminals. A dispute had cropped up last year after the railways demanded LLF of Rs 1,300 crore annually, which was around 2.5 times higher than Concor’s … Read more