EOD update 09-04-2019

NIIT Ltd ends near upper circuit but NIIT Tech sheds 3% after Baring PE acquires latter

Vivek Kumar Goya takes over as the CFO of Fortis Healthcare as Girish Gupta steps down

Sobha gains 2% on robust sales, CLSA sees 26% upside
While maintaining buy call on the stock with a price target at Rs 628 apiece, CLSA said Q4 sales have risen at three-quarter-high pace, led partly by increased new launch momentum.

Usha Martin falls 2% on report of acquisition of a plant by Tata Steel
At 1007 hrs, Usha Martin was quoting Rs 40, down 1.6 percent on the BSE.

SEBI India approves Bharti Airtel’s Rs 25,000 cr fund raising plan: Govt Sources

Polycab India IPO Subscribed Over Three Times

On the final day of issue, the Polycab India IPO received around 9.13 crore bids by afternoon, according to data available with the NSE till 1:15 pm.

SBI Puts Bad Loans Worth Rs 424 Crore On Sale Via Auction

SBI, the country’s largest lender, has been active as well on NPA recovery channels outside the insolvency process.

Airlines Asked To Increase Number Of Flights As Fares Rise: Report

The officials said the airlines were asked to bring an “immediate” and “medium-term” plan on the number of flights as airfares continue to rise

India Awaits Clarity On Sanctions Waiver: Report

India hopes to get clarity in seven to 10 days on any extension of the waiver, as well as the amount of oil that could be purchased if an extension is given, the sources said.

Supreme Court today directed Election Commission to increase VVPAT verification to 5 EVMs in each constituency.

Majesco appoints Finance & Operations Expert Wayne Locke as new CFO

Saudi Aramco bond sale attracting record demand: Report
Aramco made $111 billion in net profit last year, making it the most profitable company in the world.

Vikesh Kumaar Kataria

Experienced Founder of Brokers Bazaar with a demonstrated history of working in Skilled in RMS from various big corporate giants, Analytical Skills, Banking, Entrepreneurship, Digitalisation and Equities with Strong entrepreneurship professionalism. Experienced Co-Founder with a demonstrated history of working in the logistics and supply chain industry.

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