The move is aimed at lowering debt. The company’s debt currently stands at more than Rs 22,000 crore.
Posts tagged MC
DLF plans to sell 40% in rental biz this fiscal: Sources (05-11-2015)
Sensex, Nifty consolidate; Tata Steel, Vedanta fall 2% (05-11-2015)
Tata Steel lost 2 percent ahead of earnings. Consolidated profit may fall 32.2 percent year-on-year to Rs 851 crore from Rs 1,254 crore, according to a CNBC-TV18 poll.
Buy Bharat Forge; target of Rs 970: ICICI direct (05-11-2015)
ICICI direct is bullish on Bharat Forge and has recommended buy rating on the stock with a target of Rs 970 in its October 30, 2015 research report.
Buy CCL Products; target of Rs 258:CD Equisearch (05-11-2015)
CD Equisearch is bullish on CCL Products and has recommended buy rating on the stock with a target price of Rs 258 in its research report dated November 4 , 2015.
Buy Reliance Capital; target of Rs 515: ICICI Direct (05-11-2015)
ICICI Direct is bullish on Reliance Capital and has recommended buy rating on the stock with a target of Rs 515 in its November 03, 2015 research report.
See Q3 better than Q2 on delayed Diwali: Kansai Nerolac (05-11-2015)
The company’s 53 percent of revenue comes from decorative segment says HM Bharuka, MD of Kansai Nerolac.
SBI Q2 PAT seen up 16%; NII, loan growth likely to be tepid (05-11-2015)
According to average of estimates of analysts polled by CNBC-TV18, profit is seen rising 15.5 percent year-on-year to Rs 3,581 crore and net interest income may increase 6.21 percent to Rs 14,099 crore in July-September quarter.
Cut FY16/17 Nifty EPS estimates by 0.6-2%: Credit Suisse (05-11-2015)
He further says Credit Suisse analysts have cut FY16/17 Nifty EPS estimates by 0.6-2 percent, adding cuts were broad-based, only energy and telecom have seen upgrades.
FB revenue, profit beat forecasts; shares hit all-time high (05-11-2015)
Facebook now has 8 billion video views per day from 500 million people, compared with 4 billion views in April.
Nifty struggles below 8000, Sensex weak; Bharti falls 2% (05-11-2015)
Hero MotoCorp, Coal India, NTPC, HUL and Maruti are top gainers while Bharti Airtel, Tata Steel, Vedanta, Sun Pharma and Axis Bank are losers in the Sensex.