INSUBCONTINENT EXCLUSIVE:
NEW DELHI: Nifty futures on the Singapore Exchange were trading 27.50 points, or 0.23 per cent, lower at 11,709.50, indicating a negative
Nestle India, MCX, SBI Life, Rallis India, Cyient and Indiabulls Ventures are a few companies which are scheduled to report their March
quarter results today.
Vodafone Idea: The Rs 25,000-crore Vodafone Idea rights issue was subscribed about 80 per cent on closing day, which
Infrastructure Pvt Ltd for roughly Rs 2,500 crore in an all-cash deal
This marks the exit of Tata Group from the consumer mobility and related businesses.
JP Infra, NBCC: State-owned NBCC submitted its revised
bid to acquire debt-ridden Jaypee Infratech and complete over 20,000 delayed apartments in Noida, sources said.
ICICI Prudential Life
Insurance: The company reported a 23 per cent decline in consolidated net profit at Rs 261.02 crore for the January-March quarter of
2018-19.
Bharti Infratel: The company said its current managing director and chief executive D S Rawat is not willing to take up the top job
after merger with Indus tower.The company has posted a consolidated net profit of Rs 608 crore in the last quarter of 2018-19, almost flat
on year, as consolidation in the telecom sector resulting in reduced tenancies.
Mahindra Finance: The NBFC reported an 87 per cent rise in
net profit to Rs 588 crore for the fourth quarter ended March 2019.
Ipca Laboratories: Drug firm Ipca Laboratories said it has entered into
a pact to buy Maharashtra-based Ramdev Chemical for Rs 108.5 crore.
Jindal Cortex: Markets regulator Sebi barred Jindal Cortex and its three
directors from accessing the securities market for five years for manipulating issuance of global depository receipts (GDRs).
RINL:
State-run steel producer RINL said it is targeting a turnover of Rs 25,000 crore in the ongoing financial year, compared to Rs 20,844 crore
slowdown in twowheeler sales, but the company expects to grow its loans by 25 per cent during the current fiscal.
IPO watchNeogen IPO
subscribed 27% on Day 1Neogen Chemicals initial public offering was subscribed 27 per cent on the first day of bidding Wednesday
The Rs 132-crore initial public offering (IPO) received bids for 11,67,595 shares against the total issue size of 43,29,038 shares,
revised target price to ?160 from ?171
NTPC should see twin benefits of operational improvement and capacity addition in the next five years, said Jefferies
on Bandhan Bank with a target price of ?763
The opportunity that Bandhan has to leverage is its own strengths and fully exploit its banking licence can result in superior growth and
The brokerage said its cautious view on the stock is underpinned by three major concerns: potential market share loss in the truck-bus
radial tyre segment and higher-sized passenger vehicle tyres due to lack of product innovation and investment in RD; normalisation of
margins in the increasingly competitive two-wheeler segment; and expensive valuations
Fourth quarter earnings growth was affected by one-off losses from associates, said Morgan Stanley
There is no quick fix,especially for Tata Global's international business,given the weak brand construct,exposure to a relatively
unattractive category/geographic mix,and mediocre return ratios, it said
product offering, distribution and logistics, said Investec.
Insider Buys:No Buy entry for the day .Insider Sells:No Sell entry for the
day.Note: Disclosure made under Reg 13(4), 13(4a) of SEBI (IT) regulations 1992.
Bulk and Block DealsBlg TickersDateCompany
NameAcquirer/SellerBuy /SellQty TradedPriceBLIS24-Apr-19Bliss GVS Pharma LtdAchintya Securities Private
LimitedSell128,080172.12IBREL24-Apr-19Indiabulls Real Estate LtdArcadia Share Stock Brokers Private
LimitedBuy2,273,838114.80MRIF24-Apr-19Orient Tradelink LtdDinesh Dalichand Vora HufBuy89,09835.27SUEL24-Apr-19Suzlon Energy LtdShare India
Securities LimitedBuy662,1347.27Edelweiss Alternative Research
