Skip to main content

Market News- ICICI Prudential Falls,Jet Airways Jumps Over 8%

ICICI Prudential Falls-  After Promoter’s Stake Sale Plans Shares of the life insurance company fell as much as 3.1 per cent to Rs 312.15, the lowest in a month. Promoter Prudential Corporation Holdings said it will sell 3.73 crore shares or 2.6 per cent of the equity share capital of the company with an over-subscription option of another 1.1 per stake.

Jet Airways Jumps Over 8% - Shares of Jet Airways extended gains for the second consecutive trading session and rose as much as 8.5 per cent to Rs 275.70. The stock rose 17.5 per cent intraday yesterday. The follows the resignation of founder Naresh Goyal and wife Anita from the company's board, and infusion of Rs 1,500 crore by its lenders. 

Rupee Opening - The Indian rupee opened higher at 68.88 against the US dollar on March 26, 2019. It appreciated by 5 paise compared to Monday's close of 68.93 to the dollar. 

Indiabulls Housing, Zee Entertainment, Eicher Motors, GAIL, Adani Ports, Bharti Infratel and Reliance Industries were early gainers.

Infosys, TCS, Tech Mahindra, HCL Technologies, JSW Steel and Power Grid were under pressure.

STOCKS IN FOCUS

Mindtree: The board of Mindtree will take a call on buyback in a meeting in Bengaluru today.

HDFC: The firm has said it will raise up to Rs 3,000 crore by issuing bonds on a private placement basis to augment its long term capital resources

DLF: The company has announced the launch of a Qualified Institutional Placement (QIP) programme to raise Rs 3,175 crore.

Newgen Software Technologies: The firm has approved to incorporate a wholly-owned subsidiary in Australia and to make the initial investment up to 1.5 million Australian dollars in the proposed subsidiary, according to reports.

Suzlon Energy: Suzlon Energy yesterday said it has completed the sale of its two arms - SE Solar and Gale Solar farms - to CLP Wind Farms for a total consideration of Rs 99.09 crore.


Market News | JetAirways | ICICI Prudential | Rupee | Top Gainers 


Labels:

Comments

  1. Abir27 March 2019 at 21:53

    In the investment world, two trusted sites ► Besthyip24.com and Allhyip25.com currently appear to be cheating many people online, so no more cheating. If you are looking for a trusted investment website, please visit Besthyip24.com and ► Allhyip25.com on this site. Invest in arbitrarily and understand daily profits.

    Besthyip24.com
    Allhyip25.com

    ReplyDelete

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