JK Cement’s promoter Yadupati Singhania has sold 20 lakh shares, or 2.86 per cent stake in the company, on January 25, 2017 through the open market. Post-transaction, the promoter’s stake in the company has fallen to 17.57 per cent.
J K Cement is anticipated to report net profit at 29.8 crore down 27.2 per cent q-o-q. Net Sales are expected to fall by 8.4 per cent Q-o-Q (up 9.2 per cent Y-o-Y) to Rs 986.2 crore. Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to fall by 10.3 per cent Q-o-Q (up 12.8 per cent Y-o-Y) to Rs 142.6 crore. On 31st Jan, JK Cement share price is trading at Rs. 737.90 and touched the high and low at Rs. 742.85 and Rs. 737.90. JK Cement is a multibagger stock for this quarter as identified by Dynamic Levels. For further details on the stock, refer to JK Cement share price history.
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Stampede Capital share price slipped as much as 5 per cent to make an intraday low of Rs 24.50 apiece on the National Stock Exchange (NSE). So far during the day, around more than 25 lac shares were traded on the NSE counter with a traded value of Rs 627.09 lac, as per the NSE. The lower price band of the share is 19.90 and the upper price band is 29.80. The 52 week high of Stampede Capital share price is observed at Rs. 37.32 made on 25th July 2016. The 52 week low is seen at Rs. 16.76 recorded on 21st November 2016.
For the quarter ended 30th September 2016 (Q2FY17), the firm recorded Total Income from Operations of Rs 5.24 cr. The Profit after Tax (PAT) is Rs 0.02 cr. The Average Daily Movement (ADM) of Stampede Capital share price is 2.28. The book value is 4.94 and the face value of the share is 1. There is no Promoter holding pledged. Get the historical share price performance of the scrip at Stampede Capital share price history page. Here you will also get to know the support and resistance levels of the stock. Tata Motors is continuing with its efficiency drive, rearranging the roles of its top executives as part of a restructuring exercise it initiated a few months ago to make the firm more efficient. As per reports, Managing Director and Chief Executive Guenter Butschek gave details of the new roles and responsibilities in an office circular on January 25. The step which will come into effect from April 1, is aimed at quickening decision making by reducing the number of management layers to five from the current 14.
Intraday on Monday, Tata Motors share price slipped below 1 per cent to touch the day’s high and low at Rs. 341.40 and Rs. 337.00. For further details, refer to Tata Motors share price history. Asia’s oldest bourse – the Bombay Stock Exchange (BSE), which lately concluded its Rs 1,243-cr initial public offering (IPO), will list on rival National Stock Exchange (NSE) on 3rd February, 2017. The IPO, which opened for subscription from 23rd- 25th January, was subscribed 51 times at a price band of Rs 805—806 per share.
The IPO was managed by Edelweiss Financial Services, Axis Capital, Jefferies India, Nomura Financial Advisory and Securities, Motilal Oswal Investment Advisors, SBI Capital Markets and SMC Capitals. Nishith Desai Associates was the legal advisor to this IPO while Karvy Computershare was their registrar. Among the existing BSE shareholders are Bajaj Holdings Investment, Caldwell India Holdings, Acacia Banyan Partners, Singapore Exchange, Mauritius-based arm of American investor George Soros’ Quantum Fund and foreign fund Atticus. There are an estimated 9,000 shareholders of the BSE, where mostly brokers held shares earlier. However, a host of foreign investors and domestic financial institutions have acquired shares over the years and the IPO shall provide some of them an exit window to monetize their investments. In order to recover its pending dues worth Rs 7,400 crore, SBI-led consortium of eight banks has gone to the Supreme Court to implead it as a party in the mining case related to Jindal Steel and Power (JSPL). It further added that any direction to decline permission to the firm to lift and transport iron ore lying at its long time supplier Sarda Mines Private Ltd (SMPL) plant in the Keonjhar district of Orissa is going to fade its scope of recovery.
Previously during this month, a SBI-led consortium of 12 PSU banks had sought intervention in the Aircel-Maxis case, citing that it realized if the telecom company was restrained from earning revenue by using the 2G spectrum, all the lenders would be impacted because of the non-payment of their outstanding dues to the tune of Rs. 20,000 cr. SBI-led consortium of 17 banks also sought recovery of more than Rs. 9,000-cr dues from Kingfisher Airlines. All the pleas are outstanding in the SC. The current case relates to processed iron ore stocks lying at the dispatch point of SMPL for onward delivery to JSPL. In March 2014, the mining department had directed SMPL to quit all mining activities on the fact that the tenure of its environment clearance had expired. And on this basis, the department had declined to give transit permit to JSPL for the transportation of procured and processed iron ore. With Nifty and Sensex rallying in Friday's session, NSE Telecom index is outperforming the broader markets, and is the top gainer in the afternoon session. Among the telecom stocks, HFCL share price stole the show by gaining over 8 per cent in trade today and traded at the afternoon high of Rs. 14.45.
At 2:07 PM, HFCL share price was trading at Rs. 14.15, up by 7.20 per cent. So far, approximately 65 lakh shares were traded at the NSE counter as compared to its twenty day traded average of over 15 lakh shares. The stock has the Average Daily Movement of 0.71 and has breached both its first resistance of 13.95 and the second resistance of Rs. 14.20. In past week, the highest traded and deliverable quantity was seen on 24th January 2017 at the low of Rs. 12.75. As per the December shareholding pattern, number of Indian promoters has increased from 15 in September to 16 in December while the percentage holding remains the same. Institutions holding have gone down while non-institutions have marginally increased their stake. For more details on the company, visit HFCL share price history page of Dynamic Levels website. At 11:18 am, Vimta Labs share price was trading at Rs 111.75, up 4.05 per cent on the NSE today. The stock opened at Rs 109.50 from yesterday’s closing of Rs 107.40. A total of close to 2 lac shares of the company have already been traded on the NSE having a total traded value of Rs 200.79 lac. The Lower Price Band is 85.95 and the Upper Price Band is 128.85.
Vimta Labs is amongst the Dynamic Levels selected top 500 shares filtered out of the 1700 stocks listed on NSE for the present quarter. These top 500 shares are traded on high volume on both the NSE and the BSE. The company holds a market cap of Rs 237.44 (Cr) and has no Promoter holding pledge. The book value is 57.04 with a face value of Rs 2. The Average Daily Movement or ADM of the scrip stands at 5.74 and the average 20 days trading volume is 252079. To acquire information on the financials and fundamentals of the stock, please visit Vimta Labs share price history. Here, you will also come across the resistance and support levels of the stock that shall aid you invest wisely. Blue Star is India's leading air conditioning and commercial refrigeration company, with an annual revenue of over Rs 3,500 crores (over USD 510 mn), a network of 35 offices, 5 modern manufacturing facilities, 2700 employees, 2200 dealers and 600 retailers. Blue Star's integrated business model of a manufacturer, contractor as well as after-sales service provider enables it to offer an end-to-end solution to its customers, which has proved to be a significant differentiator in the market place. In fact, every third commercial building in India has a Blue Star product installed.
Blue Star share price was seen quoting at Rs 530.45, up by 3.95 per cent or 20.15 points at 10.00 AM on NSE. A total of 58,195 shares of the company have been traded on so far for Rs 311.06 lacs. Get the historical share price performance of the company at Blue Star share price forecast. At 9:38 Am, IIFL share price was still trading strong at Rs. 311.15, up by 9.23 per cent. So far, over 3.4 lakh shares were traded at the NSE counter as against its twenty day traded average of a little over 61 thousand shares.
Five take aways from IIFL Q2:
Since this morning, Delta Corp share price rose above 5 per cent. At 12.20 PM the share price was trading at Rs 128.25, up by 5.25 per cent or 6.40 points. Calculated as of 12.20 PM, 20,51,915 shares of the company were seen exchanging hands on the counter of NSE for a total value of Rs 2,602.65 lacs. The 20 days average daily volume is 34,54,855. As of today the market cap of the company is Rs 2822.34 crores.
Delta Corp on 16th January, 2017 said it has been issued a licence for operations of a Casino in Gangtok, Sikkim, under the Sikkim Casino (Control & Tax) Act, 2002. |
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