Posts in category All News
Sadbhav Infrastructure lists at premium on the NSE (16-09-2015)
Deutsche Bank downgrades Tata Motors, cuts target by 21% (16-09-2015)
CLSE – the next KRBL? (16-09-2015)
Very True..
But tht's the reason behind such healthy BS of CLSE
1...CLSE is doing Asset Light Business
2..ie...Procuring Rice from domestic market without setting up Rice mills and selling in International market at premium
3..CLSE clearly states they will spend on Marketing now own-words to improve brand Value of Maharani Rice ..Agree it can not be Compare with KRBL or LT foods
4..CLSE operating cashflow Fy 15 is 20 cr against -21 cr
5..Only play in CLSE is Low Valuation, Increase in Export,Opening in Iran Market,& Healthy BS
6..Dont expect returns like KRBL its altogether in different League
(Invested at much Lower Level)
Sensex, Nifty remain strong; Sadbhav Infra lists at Rs 111 (16-09-2015)
Vedanta, Cairn India shares gain after getting merger approval from BSE, NSE (16-09-2015)
Shares of Cairn India and Vedanta are in focus on Wednesday as they have received no objection from the BSE and the NSE for the proposed merger of Cairn India with Vedanta, both the companies made the announcement after market hours on Tuesday.
At 9.36 am, Cairn India and Vedanta were trading 1.45 per cent and 2.73 per cent up at Rs 147.10 and Rs 99.55. Sensex was up 0.70 per cent at 25,886.82.
As per the merger scheme, minority shareholders of Cairn India will receive one equity share of Vedanta for each share held in the company. The minority shareholders of Cairn India will additionally get one 7.5 per cent redeemable preference share (RPS) of Vedanta of a face value of Rs 10 each for each share held in the company. No shares will be issued to Vedanta or any of its subsidiaries for their shareholding in Cairn India.
On a year-to-date basis, share price of Vedanta and Cairn India declined 56 per cent and 39 per cent to Rs 145 and 96.90 on September 15. Sensex slid 6.5 per cent during the period.
For the quarter ended June 2015, Vedanta reported a consolidated net profit of Rs 865.94 crore, up 130.57 per cent, against Rs 375.56 crore in the corresponding quarter a year ago. Net profit of Cairn India declined 23.60 per cent year-on-year to Rs 834.98 crore.