Posts in category All News
Protect yourself by buying HDFC Bank, IndusInd Bank: Mehraboon Irani, Nirmal Bang Securities (07-09-2015)
Natco Pharma shares jump 2% on RBI approval to hike FIIs limit (07-09-2015)
![Natco Pharma](http://images.financialexpress.com/2015/08/BSE-Sensex-PTI.jpg)
RBI allowed FIIs to buy up to 31.50 per cent of the paid up capital of Natco Pharma. Earlier, the FII limit in the company was 24 per cent. (Photo: PTI)
Natco Pharma shares gained as much as 2 per cent in the early trade on Monday after the Reserve Bank of India (RBI) allowed Foreign Institutional Investors (FIIs)/Registered Foreign Portfolios Investors (RFPIs) to buy up to 31.50 per cent of the paid up capital of Natco Pharma. Earlier, the FII limit in the company was 24 per cent.
At 10.15 am, Natco Pharma was trading 0.80 per cent higher at Rs 2,268 on BSE. It opened at Rs 2,299 and had touched a high and low of Rs 2,299 and Rs 2,254, respectively, in trade so far. Sensex was down 0.30 per cent at 25,125.21.
On NSE, Natco Pharma was trading 0.57 per cent higher at Rs 2,267.50. Nifty was down 0.15 per cent at 7,643.65.
The company has passed resolutions at its board of directors’ level and a special resolution by the shareholders, agreeing for enhancing the limit for the purchase of its equity shares and convertible debentures by FIIs/RFPIs.
For the quarter ended June 2015, the company posted a consolidated net profit of Rs 28.23 crore, down 15.63 per cent, against Rs 33.46 crore in the corresponding quarter a year ago.
Gold struggles near 2-1/2-week low on US jobs data (07-09-2015)
Sensex, Nifty volatile; pharma, consumer durables drag (07-09-2015)
![](http://10.0.1.104:85/_media/iifl/img/misc/2015-08/24/full/bombay-stock-exchange-building-1440388695-1693300.jpg)
Vijaya Bank reduces base rate by 0.15%; stock down (07-09-2015)
![](http://10.0.1.104:85/_media/iifl/img/article/2015-05/14/full/vijaya-bank-1441351464-8042470.jpg)