Stocks

Shares of Man Industries surged nearly 17 %  intraday after the company announced it has bagged orders worth Rs 700 crore from domestic and international customers for supply of large diameter pipes for oil & gas as well as water sector projects. The company's order book including the above orders stands at Rs 1,200 crore, the company said in a filing to stock exchanges. Man Industries has outstanding bids over $1 billion at various stages of evaluation for several other oil, gas and water projects in India and abroad. MAN Industries (India) is the flagship company of Man Group. The main business line of Man Industries includes manufacturing & coating of large diameter carbon steel pipes and real estate. MAN Industries (India)'s consolidated net profit dropped 84.3% to Rs 2.41 c...

The Piramal group flagship Piramal Enterprises has sold its 11% stake to Vodafone for Rs 8900 crore. The flagship company picked up 11% stake in two tranches, in August 2011 and February 2012, paying a total of Rs 5864 crore or Rs 1290 per share. Billionaire investor Ajay Piramal has sold his stake in British telecom giant Vodafone India, reaping a windfall of 50% return in just two years. The Piramal Group had earlier anticipated it would exit through an initial public offer of Vodafone India shares. The Piramal Group had always maintained Vodafone for it was a financial parking of resources from its deal with Abbott. In September 2010, the group sold its profit making India pharmaceutical business putting around Rs 10,000 crore in its coffers, net of tax and debt repayment requirements...

Rakesh Jhunjhunwala has increased its investment in Escorts & Rallis India. ESCORTS -  His stake in Escorts has gone up to 5.47 per cent from 4.98 per cent earlier.  Last August, Jhunjhunwala had bought 6,21,789 shares of Escorts through open market transaction. The shares were purchased on an average price of Rs 88.23 valuing the transaction at Rs 5.48 crore. Escorts reported a net profit of Rs 45.55 crore in the quarter ended December 2013 as compared to a net profit of Rs 28.13 crore in the corresponding quarter a year ago. At 12:20 p.m., Escorts was at Rs 131.60, up 3.18 per cent, on the BSE. It touched a high of Rs 133.05 and a low of Rs 128.50 intraday. Total traded volume is at 7.16 lakh shares against two-week average of 4.97 lakh shares. Rallis India -  Jhunjhunwala has also ...

5/4/2014   -  Nomura Singapore Limited bought 44,11,000 shares of Housing Development and Infrastructure at Rs 67.45. This represents 1% stake in  Mumbai based real estate firm. 27/Mar/2014  -  Kotak Securities  purchased 21.28 lakh shares of the real estate firm, constituting 0.5 percent stake at Rs 51.56 apiece. The share on Friday closed at Rs 69.45, up 16.23 percent after hitting a 52-week high of Rs 70.35. 52 week low - Rs 26 52 Week High - Rs 76

4/April/2014 Rakesh JhunJhunwala has picked up 25 lakh shares, constituting 1.85 % stake of the company at Rs 58.96 Kolkata-based Nilkanth Fincon Private Limited, one of the non-promoter shareholders, has reduced its equity shareholding by 2.5 % in steel and power company Prakash Industries on Friday. Nilkanth Fincon sold 34,02,000 equity shares at Rs 59.18 apiece via block deal on the NSE. As of December 2013, it held 2.56 % stake in the company. However, . The share on Friday closed at Rs 68.70, up 20 percent. Trailing 12-month (TTM) EPS -  Rs 11.13 per share. (December, 2013). The stock's price-to-earnings (P/E) ratio was 6.17. The latest book value of the company is Rs 155.67 per share. At current value, the price-to-book value of the company was 0.44. The dividend yield of the ...

Private equity firm ChrysCapital has over $2.5 billion assets under management in India. Some of its investments in listed companies in India are as under Amtek Group Gammon HCL Technologies Hexaware ING Vysya Bank JMT Auto KPIT Cummins Pratibha Industries Simplex Infra Torrent Pharma In April 2014, they have made investment of $40 million in Torrent Pharma. ChrysCapital is largest PE investor in domestic pharma companies.

Many people love to trade in penny stocks as the amount required is low. But do you know that India's 5 most expensive stocks are best performing stocks over 1,3 & 5 years time horizon.  Just comparing Stock price is not parameter to determine whether one stock is better than other.  Stock priced at Rs 1000 may be better than stock valued at Rs 50. You need to see the other parameters to determine how attractively priced a particular stock is - PE ratio (Price Earning Ratio). Most Expensive Stocks & their Returns Most Expensive Stocks CMP PE Ratio 1yr 3yr 5yr MRF 22301 11.54 92% 245% 1224% Bosch 10067 37.14 14% 69% 244% Page Industries 6623 50.64 102% 361% 1771% Eicher Motors 5748 54.02 116% 387% 2563% Shree Cements 5088 22.05 26% 172% 730% Returns calcu...

Federal Bank shares up after RBI allowed Foreign investors to purchase stake in the private bank up to 74 %. RBI said that restrictions placed on the purchase of Federal Bank shares have been withdrawn with immediate effect. The restrictions were removed as government approved increasing foreign investment in Federal Bank from 49 % to 74 % for its paid up equity share capital. Foreign Investment include investments by Foreign Institutional Investors (FIIs)/Non-Resident Indians (NRIs)/Persons of Indian Origin (PIOs)/Foreign Direct Investment (FDI). The stock of Federal Bank closed at Rs 91.15 on the BSE. It hit a low of Rs 86.75 and a high of Rs 91.75 in the trade today.

UK Supermarket -  Tesco said that following receipt of approval from the Indian Foreign Investment Promotion Board, it has entered into a deal with Trent Limited to form 50:50 joint venture with  the operator of the Star Bazaar retail business, Trent Hypermarket Limited (THL). Tata Group firm, Trent Ltd shares rallied after the company formally announced 50:50 joint ventures with British retail giant Tesco to set up the very first foreign supermarket to enter the country's $500 billion pounds retail sector. The world's third-largest retailer, which since 2008 has had a franchise agreement to provide support to Star Bazaar, had made the application to India's FIPB in December. On completion of the transaction THL will operate 12 stores retailing a range of merchandise including food and ...

Over last 2 days (5th & 6th March 2014), Merill lynch Capital Market Espana has bought shares worth Rs 18 crore in Financial Technologies. As per the bulk deal information with Stock exchange, On Thursday, Merril Lynch acquired 2.64 lakh shares at Rs 370.07 per share for total value of ₹9.77 crore in an open market transaction. On Wednesday, it bought 2.35 lakh shares at Rs 348 per share worth Rs 8 crore in open market. Financial Technologies and Multi Commodity Exchange of India Ltd ( MCX) are under scanner of market regulator SEBI as well as other agencies for various violations. The commodity market regulator has declared Financial Technologies and Multi Commodity Exchange not fit and proper to operate a commodity exchange. The regulator also ordered Financial Technologies to bri...