Category: Small Cap

Closing Bell: Sensex gains 291 pts, Nifty ends above 11,400; Vedanta, Eicher Motors top gainers

Oct 15, 04:49 PM (IST) Nifty technical: Nifty has surpassed the hurdle of 11,400 on the closing basis. Hence, post a ‘Doji’ formation on Monday the bulls seem to have taken the charge on Tuesday. The daily chart shows that the index is moving higher as a follow-through of a ‘Popgun’ pattern, formed recently near the key short-term moving averages. Traders are recommended to be on the long side of the trade and use intraday dips as a buying opportunity.…

Indiabulls Housing prepays Masala Bonds, plans buyback; stock down 7%

Shares of Indiabulls Housing Finance fell 7 percent in the early trade on October 15 despite the company mulling buyback of shares. The company at its meeting held on October 14 considered the option of buyback of shares. The company said the board will take a final decision on the buyback after getting confirmation from market regulator Securities and Exchange Board of India (SEBI). “Based on legal advice received on the subject of buyback, the board thought it prudent to…

Yes Bank gains over 3% after selling stake in Fortis Healthcare

Shares of Yes Bank rallied 3.5 percent intraday on October 15 after the lender sold stake in Fortis Healthcare. “Yes Bank recovered Rs 645 crore of Religare exposure through sale of a 6.77 percent block of Fortis Healthcare shares,” the private sector lender said in its BSE filing. Through this transaction, the bank said it has reduced its exposure to the Religare Group. Yes Bank sold 5,10,99,265 equity shares, constituting 6.77 percent of the paid-up share capital of Fortis Healthcare,…

‘ITC, Kotak Bank among 5 stocks which could create wealth in next 2-3 years’

Hindustan Zinc, HDFC, SBI Life Insurance, Kotak Mahindra Bank and ITC are the top five stocks to create wealth in the next 2-3 years, Umesh Mehta, Head of Research, Samco Securities, said in an interview with Moneycontrol’s Kshitij Anand. edited excerpts: Q) Indian markets seem to have caught up/stuck between trade talk woes, and muted economic data back home. Benchmark indices have also given up almost 50 percent of the gains recorded post the corporate tax cut. What are your…

Kwality shares locked at 5% upper circuit as NCLT defers insolvency proceeding

Shares of packaged foods maker Kwality were locked in their 5 percent upper price band of Rs 1.87 on BSE, looking on course to extend the winning run into the seventh consecutive session on October 15. In a regulatory filing on October 15, the company shared a National Company Law Tribunal (NCLT) order, delivered on September 6, in which NCLT extended the corporate insolvency resolution process (CIRP) for another 60 days. “…Honourable National Company Law Tribunal, New Delhi, has extended…

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