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Wednesday, September 10, 2014

Equity Tips
ITC slips 2%, govt may impose tighter norms on smoking
Shares of ITC fell 2 percent on government’s tighter norms to put a check on smoking. The government may also ban sale of loose cigarettes.

United Spirits slips 2% post 3 independent director’s exit
Shares of United Spirits fell more than 2 percent after three independent directors quit the board. Credit Suisse has also said that the business operation is deteriorating.

ABG Shipyard up 17% on initial CDR infusion of Rs 650 cr
Shares of ABG Shipyard are flying off the shelves as it awaits Rs 650 crore infusion from banks as part of its corporate debt restructuring package. The private sector shipbuilder which is under a CDR, will receive Rs. 650 crore infusion from lenders by this month-end as part of the Rs. 10,000-crore debt recast deal worked out in March.

SAIL falls on reports of stake sale
SAIL dipped over 2% on reports the government is proposing to offload 5% stake in the company this month and provide more incentives to retail investors to increase their participation.

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1 comment:

  1. The market saw some profit booking and consolidation after hitting record highs on Monday and at last index lost 207.91 points or 0.76 percent to 27057.41.
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