Positive Momentum On Stocks, Nifty Bank Continue On Rise

Key benchmark indices seen strong on Wednesday morning, with the Nifty Bank index continue gains at a record high. The BSE Sensex stood up over 151 points at 38,384 levels while the Nifty50 gained over 36points to trade around 11,520-levels. Among sectoral indices, the Nifty Banking index gains at significant high of 30,043, with IndusInd Bank, PNB...

Vodafone Idea Approves Rs25000-Cr Rights Issue, Stock Recovers 1pc.

Vodafone Idea limited on Wednesday approved Rs25,000-crore right issue at a sharp discount. The company set its issue price at Rs12.50 apiece, Rs2.50 premium over face value of Rs10. Share holders will be able to buy 87 shares for every 38 shares held for the set issue price, the telecom major said on...

Axis Bank: The New 52-High Stocks On NSE, BSE Today

Axis Bank share price touched its new 52-week high level of Rs767 apiece on NSE and Rs766.70 on BSE on Wednesday morning after the management stated it is aiming on delivering 18% return-on-equity over 3 years. Various brokerages have revised their price targets for Axis Bank following the announcement. Accordingly,...

Rcom Stock Gains 10pc On Settling Rs453cr Ericsson Dues

Shares of Reliance Communications Limited (RCom) surged 10% to Rs4.40 per share on Tuesday after its chairman Anil Ambani settled Rs580 crore dues to Swedish equipment maker Ericsson, Last month, the Supreme Court has observed a willful default in payments and had held Anil Ambani guilty of contempt of court...

Top stocks to observe today, 6-March -2019

The Stock in following companies, among others, which will be looked out during trade today based on latest developments: Endurance Technologies, Wipro and Quick Heal. Endurance Technologies Limited: The company’s promoter said it will sell 63.6 lakh equity shares or 4.52-percent equity with a Greenshoe option of further 41.90 lakh...

DHFL stock up on Stake Sale Plan

Shares of the leading housing finance company Dewan Housing Finance Corporation Ltd (DHFL) surged on Monday over 7 percent intraday on reports that the company is planning to sell 10% stake to Baring India, Hero Fincorp and Bain Capital for raising funds. Earlier, DHFL had sold nearly 80% of the...