Stock News and Filings Feed
Zuari Agro Chemicals rose 1.81% to Rs 334.95 at 10:23 IST on BSE after the company said it acquired 3.22 crore shares of Nagarjuna Fertilizers and Chemicals from Zuari Global.
Key benchmark indices extended early gains and hit fresh intraday high in morning trade. At 10:25 IST, the barometer index, the S&P BSE Sensex, was up 146.46 points or 0.5% at 29,478.62. The Nifty 50 index was up 39.25 points or 0.43% at 9,125.55. Gains in ICICI Bank, ITC and HDFC boosted sentiment on the domestic stocks.
-Post Tikona 4G buy, company to have 30 MHz in 2300 MHz band in 13 circles
Zuari Agro Chemicals has acquired 3,22,67,741 shares of Nagarjuna Fertilizers and Chemicals Limited(target company) from Zuari Global Limited(ZGL).
Ensure that your correct email id and mobile has been registered with moneycontrol. If not, please update your profile and secure the account now. Updating your email id and mobile number offers following benefits:
About 150 firms such as ABB, Amrutanjan, Aurobindo Pharma, Bajaj Electricals, Bata India, Bombay Dyeing, Cairn India, Century Enka, Escorts, HeidelbergCement, JBM Auto, Jindal Saw, JK Tyre, Jyoti Structures, Lupin, Manappuram Finance, Nagarjuna Oil, Omaxe, Rane Holdings, Religare Enterprises, Talwalkars, Thangamayil, Torrent Power, Tata Teleservices (M), Uttam Galva Steels, Venky's (India) Wheels India and Zuari Global will release Q3 results on Thursday.
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Diamond Power Infrastructure on Thursday said its lenders have approved conversion of ₹855 crore of debt into equity at a conversion price of ₹41.28 a share under a comprehensive restructuring plan. The board will meet on Tuesday for allotment of shares to its various lenders in their agreed proportion. Shares of Diamond Power jumped 4.95 per cent at ₹37.10 on the NSE.
Investors with a short-term perspective can consider buying the stock of Zuari Global at current levels. The stock found support at around ₹88 in mid-November 2016 and changed direction, triggered by positive divergence in the daily relative strength index. Since then, the stock has been on a short-term uptrend. In early January, the stock emphatically breached its 200-day moving average and a key resistance at ₹100.
Fintel IR - Find the Right Investors for Your Company, Instantly!Fintel IR combines the comprehensive Fintel ownership database with machine learning to provide advanced tools to make investor outreach fast and easy. Learn more now!
Join our private investing channel!Request Membership