Sensex holds 36K amid volatility, Midcaps continue outperform
Sensex holds 36K amid volatility, Midcaps continue outperform
Dec 31, 02:33 PM (IST)
State-run BHEL said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal.
The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal, BHEL said in a statement.
According to the statement, BHEL's scope of work in the project includes design, engineering, manufacture, supply, testing and commissioning of the main plant turnkey package, comprising supercritical boiler and turbine generator along with its auxiliaries, coal handling plant and ash handling plant.
Dec 31, 02:28 PM (IST)
DCB Bank advanced a percent after CRISIL upgraded its credit rating to AA-/Stable from A+/Stable for the Basel III Complaint Tier II bonds programme of Rs 150 crore by the bank.
The rating agency reaffirmed A1+ rating on the short term fixed deposit programme as well as Rs 2,000 crore certificates of deposit programme of the bank.
Dec 31, 02:05 PM (IST)
Cadila Healthcare shares gained 1.5 percent intraday after Zydus received approval from the US health regulator for anti-acne drug.
Zydus Cadila has received the final approval from the US Food and Drug Administration to market Clindamycin Phosphate and Benzoyl Peroxide gel, which is available in the 1.2 /5 percent strength.
This combination medication is used to treat a certain type of acne (inflammatory acne vulgaris). It helps to decrease the number of acne pimples.
Clindamycin is an antibiotic that stops the growth of acne-causing bacteria. Benzoyl peroxide can also stop the growth of bacteria as well as reduce oil production in the skin.
Dec 31, 01:52 PM (IST)
Reliance Communications and Reliance Jio announced that they have extended the terms of an agreement for sale of wireless assets of the Anil Ambani owned firm.
The move comes at a time when Reliance Communication's spectrum sale deal has been hanging fire, pending requisite clearance from the telecom department.
"Reliance Jio lnfocomm Limited, a subsidiary of Reliance Industries Limited, extended the term of the definitive agreement for the acquisition of specified assets of Reliance Communications Limited and its affiliates to 28th June 2019," Reliance Industries said in a regulatory filing Monday. Source: PTI
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
BHEL Bags Rs 3,500 Cr Order For Setting Up 660 MW Thermal Unit
State-run BHEL said it has bagged an order worth Rs 3,500 crore for setting up a 660 MW supercritical thermal power plant in West Bengal.
The order by West Bengal Power Development Corporation (WBPDCL) entails setting up a 660 MW Sagardighi Thermal Power Project at Manigram village in Murshidabad district of West Bengal, BHEL said in a statement.
According to the statement, BHEL's scope of work in the project includes design, engineering, manufacture, supply, testing and commissioning of the main plant turnkey package, comprising supercritical boiler and turbine generator along with its auxiliaries, coal handling plant and ash handling plant.
Dec 31, 02:28 PM (IST)
DCB Bank Gains 1% after CRISIL Upgrades Credit Rating
DCB Bank advanced a percent after CRISIL upgraded its credit rating to AA-/Stable from A+/Stable for the Basel III Complaint Tier II bonds programme of Rs 150 crore by the bank.
The rating agency reaffirmed A1+ rating on the short term fixed deposit programme as well as Rs 2,000 crore certificates of deposit programme of the bank.
Dec 31, 02:05 PM (IST)
Cadila Healthcare Gains Over 1%
Cadila Healthcare shares gained 1.5 percent intraday after Zydus received approval from the US health regulator for anti-acne drug.
Zydus Cadila has received the final approval from the US Food and Drug Administration to market Clindamycin Phosphate and Benzoyl Peroxide gel, which is available in the 1.2 /5 percent strength.
This combination medication is used to treat a certain type of acne (inflammatory acne vulgaris). It helps to decrease the number of acne pimples.
Clindamycin is an antibiotic that stops the growth of acne-causing bacteria. Benzoyl peroxide can also stop the growth of bacteria as well as reduce oil production in the skin.
Dec 31, 01:52 PM (IST)
Reliance Communications in Focus
Reliance Communications and Reliance Jio announced that they have extended the terms of an agreement for sale of wireless assets of the Anil Ambani owned firm.
The move comes at a time when Reliance Communication's spectrum sale deal has been hanging fire, pending requisite clearance from the telecom department.
"Reliance Jio lnfocomm Limited, a subsidiary of Reliance Industries Limited, extended the term of the definitive agreement for the acquisition of specified assets of Reliance Communications Limited and its affiliates to 28th June 2019," Reliance Industries said in a regulatory filing Monday. Source: PTI
Disclaimer: Reliance Industries Ltd. is the sole beneficiary of Independent Media Trust which controls Network18 Media & Investments Ltd.
Calendar 2018 was a year of return drought for Dalal Street, as more than 85 per cent of the stocks failed to beat benchmark Sensex. Smallcaps took a heavy beating with losses rising as much as 94 per cent.
Some well-known midcaps like Gitanjali Gemsand Kwality turned penny stocks, while as many as 20 little-known stocks multiplied investors’ wealth by up to nine times.
Stock broking firm Dolat Investments scripted the biggest wealth creation story, rallying 769 per cent from Rs 7.25 at the end of last year to around to Rs 63 by the yearned.
Other chart toppers among penny stocks were Orient Tradelink (up 656 per cent), Vikas Proppant & Granite (up 422 per cent), Think Ink Studio (up 402 per cent), Gujarat Poly Electronics (up 336 per cent), RMG Alloy Steel (up 200 per cent), SPS International (up 178 per cent) and Crown Tours (up 142 per cent).
Penny stocks, often referred to as Bhangaar stocks in market parlance, are those that trade below Rs 10.
Among other stocks from the segment, Cybele Industries, Indrayani Biotech, Econo Trade, Accel India, Bio Green Papers, Ajel, Jain Studios, Welcon International and Arnold Holdings gained between 50 per cent and 136 per cent.
Penny stocks are high-risk bets and are strictly no-no for weak-hearted and conservative investors. Before taking any position in such stocks, one should check promoter background and holdings, company’s financials, debt levels and share pledge positions.
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