Posts filed under 'Metal'
More information is pouring in on the much awaited Indian IPO of the year –that of the Coal India Limited (CIL). The Government has announced that the Coal India IPO will carry a price band at Rs. 225-245 a share. 5% discount will be given to the retail investors and employees of the company. The IPO will be open from October 18, 2010 to October 21, 2010 and the script will be listed on November 4, 2010.
Choksey felt the price band would be Rs.250 to 260 a share and now that it is on the lower side, they feel the share already will have a marginal upside immediately. They said the IPO will get a good response.
However, Tulsian expected the price band at Rs. 220 to Rs. 230 or the discount for retail investors would have been put at 10%.
Haldea expected a discount of 10% instead of the 5% discount allowed for retail investors.
October 12th, 2010
Wednesday, September 10, 2008 4:14:39 PM IST
Last hours of trade has dragged the indices more deeper into the red over concerns of how the US markets will open later today. Nifty managed to close above 4400 and is down 1.53%
CNX IT is down 0.57% despite the INR depreciating over the US Dollar. Bank Nifty recovered a bit but ended the day down 0.21%. CNX 100 is down 1.46% and CNX 500 is down 1.49%
Top gainers on the Nifty for the day include Zee Limited (up over 3%), National Aluminium (up over 2%), Suzlon, Hero Honda (both up over 1%), ACC, Grasim, GAIL, Infosys, Reliance Power and SBI (all marginally in the green)
Sterlite continues to be hit today after investors began to give mixed responses to the stock split. Sterlite is down 11.78% on the Nifty and last traded at 507.55 levels. SAIL, Tata Steel too are metal stocks that have been hit hard today. Reliance Infra and Tata Power are each down over 3%. Bharti Airtel, BPCL, Reliance, HDFC and Unitech are all down over 2%)
The Sensex closed the day in the red. The index lost 238.15 points in todays trade and is dwon 1.6%. The last value of Sensex today is 14662.61. Midcap and Smallcap stocks too did not support much.
The BSE Metal index is down 5.48%. Oil & Gas, Power, PSU, Realty are the other top sectoral losers of the day.
1 U.S. dollar = 44.8249 Indian Rupees
1 U.S. dollar = 107.2041 Japanese Yens
1 U.S. dollar = 0.7073 Euros
1 Ounce Gold = $773.80
1 Barrel Crude Oil = $103.39
September 10th, 2008
The media had reports that Monnet Ispat Ltd may set up a 1,000 MW power plant in Indonesia.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Monnet Ispat Ltd has vide its letter inter-alia stated, “The Company is only in discussion with the Indonesian authorities for putting up coal fired Power Plant in that country on a pit-head basis. We would like to clarify that nothing has been finalized so far and it is only at the stage of discussions. We cannot commit at this stage whether the proposal will fructify or not.”
March 12th, 2008
The equity shares of the following company shall be listed and admitted to dealings on the Exchange w.e.f. March 3, 2008. Trading shall be in the Normal Market segment – Compulsory Demat (Rolling Settlement) for all investors.
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Sr. No.
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Symbol
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Name of the Company
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ISIN Code
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1
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NMDC
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NMDC Limited
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INE584A01015
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February 28th, 2008
The media had reports that Bhushan Steel Limited may dilute its stake to fund expansion plans.
The Exchange, in order to verify the accuracy or otherwise of the information reported in the media and to inform the market place so that the interest of the investors is safeguarded, had written to the officials of the company.
Bhushan Steel Limited has vide its letter inter-alia stated, “In this connection we have to inform that as on date the Company neither has any plan nor had any conversation with any body in the past regarding diluting the stake. There is no substance in the news published in the media.”
November 27th, 2007
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