Skip to main content

Stocks to watch - Coffee Day, Escorts, Lupin, Zee , Adani Group Stocks Fall, Maruti Suzuki down

Coffee Day Enterprises said it would take required action in the next few days to get a portion of IT firm Mindtree shares -- owned by the company and its promoter VG Siddhartha -- released by the Income Tax Department. 
Zee Entertainment Jumps Over 14%, Top Performer On Nifty Shares of Zee Entertainment rose as much as 14.8 per cent, its best intraday gain since May 2009, to Rs 365.40. The market capitalisation of Zee Group companies eroded nearly Rs 14,000 crore on Friday after a report said its controlling shareholder Essel Group’s name emerged in a probe linked to large deposits made after demonetisation. Trading Volume was 80.3 times its 30-day average, Bloomberg data showed. The Relative Strength Index was at 29, indicating that the stock may be oversold. The stock was the best performer on Nifty.

Maruti Suzuki shares will assume focus after the firm reported results below street estimates on Friday.  Maruti Suzuki share price plunged by more than 8% to Rs 6,465, to emerge as the biggest loser in the BSE Sensex on Friday.

Adani Group Stocks - Fall Shares of Adani group companies declined in today's trade. Adani Ports & SEZ Ltd. fell nearly 22 per cent, its worst ever intraday fall. 

Gold Update: Gold prices held steady on Monday, near a seven-month peak scaled in the previous session, on hopes the US Federal Reserve will keep interest rates unchanged during its two-day policy meeting later in the week.

Rupee Opens: The Indian rupee gained in the early trade on Monday. It opened higher by 18 paise at 71 per dollar versus Friday's close 71.18.

Crude Update: Oil prices fell on Monday after US energy firms added rigs for the first time this year in a sign that crude production there will rise further.

Share Market | Live Updates | Coffee Day | Zee Entertainment | Maruti Suzuki Shares | Adani Group Stocks |



Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more