Monday, 31 August 2015

Bharti, Idea make it to Top 10 stocks post tariff hike

Glenmark Pharma, Zee Entertainment, followed by Airtel and Idea to lead the top 10 stock list.

Today’s top 10 stocks due to the news surrounding them are as follows:

Glenmark Pharma : There was a delivery base selling on Friday fro this stock. The stock also performed well in last month. It was up 22-23 percent, which is the first sign of profit booking.

Zee Entertainment : This stock is in its lifetime highs and has been touching highs even before the market does.

Godrej Industries : Godrej Agrovet, a subsidiary of Godrej Industries will buy 45.3 percent stake in Astec Lifesciences at Rs 190 per share.

Godrej Consumer : RBI hikes Foreign Institutional Investor (FII) limit to 40 percent from 35 percent in the company. FIIs currently hold 28.7 percent in the company.

Bharti , Idea : Both the companies hiked post paid data tariffs by around 20 percent. This will be positive for the companies going forward.

Sun Pharma , Wockhardt : These pharam companies have recalled drugs from US market. Sun has voluntarily recalled over 35,000 bottles of Bupropion Hydrocholoride, an anti-depressant, because it failed dissolution specification. While, Wockhardt recalled over 5,000 bottles of Lisinopril tablets.

Reliance Infra : The company has negative cost of carry of 4.5 percent. With NSE delivery percentage at 13.8 percent, its September future is at 321.

1 comment:

Raj Solanki said...

The stock market news and guidance offered on this blog is awesome. Thanks for sharing informative post with us.
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