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Thursday, April 10, 2014

Cairn India gains on production growth in FY14
Cairn India gain by 1.7% after reporting 11% year on year growth in oil and gas production to 20.20 million barrels of oil equivalent during fourth quarter of 2013-2014.

Piramal Enterprises surges on plans to divest stake in Vodafone
Piramal Enterprises has moved higher by 6% after the company agreed to divest its entire stake in Vodafone India for a total consideration of Rs 8,900 crore.

Tata Motors hits record high; Citi raises target
Shares in Tata Motors gained as much as 3.1 per cent after Citigroup raises its price target on the stock to 486 rupees from 421 rupees, citing the outlook for the Indian automaker's luxury unit Jaguar Land Rover.

Adani Enterprises stock rallies 22%
Shares of Adani Enterprises gained 22% to hit its fresh 52-week high, While Adani ports and Adani Power rose as much as 11.4% and 6%. Adani Enterprises has been on a roll since BJP announced Narendra Modi as its PM candidate for the 2014 Lok Sabha elections. 

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