Stock In Action - 22 November 2012
DSIJ Intelligence / 22 Nov 2012
Cipla said yesterday that it is in preliminary discussions to acquire a 51 per cent stake in Cipla Medpro South Africa for Rand 8.55 per share. Cipla estimated that the company would have to pay a total consideration of USD 220 million based on Cipla Medpro’s current outstanding shares and spot rates of rand to USD. Cipla however said that the deal is in its initial stages at the moment and that it would take place subject to various conditions, finalisations and approvals. The stock price of Cipla is expected to see an upward trend today.
SAIL has been facing a pick-up in demand since the beginning, both for HR and long products, said the management. Inventories for steel companies had been piling up due to a reduction in demand on account of the monsoon as also stagnancy in the consumer goods segment. This situation however has reversed and the inventory of SAIL has started to shrink. This uptick in demand would result in an upward movement in the stock price of SAIL today.
According to Business Standard, realty major DLF may have to pay a fine of Rs 5 lakh on a per day basis to the Securities & Exchange Board of India (SEBI) following Delhi High Court’s dismissal of its plea on November 20. The fine is applicable since November 5, as the court dismissed DLF’s plea against SEBI’s decision to probe into the company’s faulty disclosures during its initial public offer. This would result in a downside for DLF’s stock price today.
Blue Dart Express’ promoter DHL Express (Singapore) would dilute 6.03 per cent stake on November 23 on separate windows of both BSE and NSE. This move has been undertaken following a recent mandate by SEBI in accordance to which the promoter shareholding has to be limited to 75 per cent and a minimum 25 per cent should be under public shareholding. The share prices of Blue Dart Express are expected to be volatile from tomorrow till Friday, November 23.
Pharma stocks are expected to be volatile on account of the deferment of the new pharma drug pricing policy. Watch out for movement in the stock prices of Lupin, Cipla, Dr Reddy’s Labs and Ranbaxy, among others.
The winter session of the parliament is scheduled to begin today. This has been raising hopes among investors over clarity on the retail FDI policy and may result in volatility with an upward bias in the stock prices of the retail stocks, which saw an upward movement yesterday as well. Watch out for movement in the share prices of Pantaloon Retail, Shoppers Stop and Trent.
According to media reports, government is planning to divest its 4 per cent stake (Tranche 1) in Hindustan Copper on Friday. According to the reports, government is doing a partial disinvestment, and it plans to divest another 4.59 per cent (Tranche 2) latter during the financial year. The current market price of the Hindustan Copper is Rs 239.2 per share, however market consensus suggest that there is a possibility that the floor price may be set at around Rs 150 per share, which will be considered as very negative for the scrip. One should note that floor price would be set after market hours today. On the back of this news one may see volatility with a negative bias in the share price of Hindustan Copper in today's trading session.
SAIL has been facing a pick-up in demand since the beginning, both for HR and long products, said the management. Inventories for steel companies had been piling up due to a reduction in demand on account of the monsoon as also stagnancy in the consumer goods segment. This situation however has reversed and the inventory of SAIL has started to shrink. This uptick in demand would result in an upward movement in the stock price of SAIL today.
According to Business Standard, realty major DLF may have to pay a fine of Rs 5 lakh on a per day basis to the Securities & Exchange Board of India (SEBI) following Delhi High Court’s dismissal of its plea on November 20. The fine is applicable since November 5, as the court dismissed DLF’s plea against SEBI’s decision to probe into the company’s faulty disclosures during its initial public offer. This would result in a downside for DLF’s stock price today.
Blue Dart Express’ promoter DHL Express (Singapore) would dilute 6.03 per cent stake on November 23 on separate windows of both BSE and NSE. This move has been undertaken following a recent mandate by SEBI in accordance to which the promoter shareholding has to be limited to 75 per cent and a minimum 25 per cent should be under public shareholding. The share prices of Blue Dart Express are expected to be volatile from tomorrow till Friday, November 23.
Pharma stocks are expected to be volatile on account of the deferment of the new pharma drug pricing policy. Watch out for movement in the stock prices of Lupin, Cipla, Dr Reddy’s Labs and Ranbaxy, among others.
The winter session of the parliament is scheduled to begin today. This has been raising hopes among investors over clarity on the retail FDI policy and may result in volatility with an upward bias in the stock prices of the retail stocks, which saw an upward movement yesterday as well. Watch out for movement in the share prices of Pantaloon Retail, Shoppers Stop and Trent.
According to media reports, government is planning to divest its 4 per cent stake (Tranche 1) in Hindustan Copper on Friday. According to the reports, government is doing a partial disinvestment, and it plans to divest another 4.59 per cent (Tranche 2) latter during the financial year. The current market price of the Hindustan Copper is Rs 239.2 per share, however market consensus suggest that there is a possibility that the floor price may be set at around Rs 150 per share, which will be considered as very negative for the scrip. One should note that floor price would be set after market hours today. On the back of this news one may see volatility with a negative bias in the share price of Hindustan Copper in today's trading session.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.