Vijay Chopra of enochventures.com is of the view that one can hold Steel Authority of India.
A study by the Association for Democratic Reforms reveals electoral trusts and companies with varied interests in mining, real estate, power and the news paper businesses donated over Rs 127 crore to national parties, while the manufacturing sector came in second, spending about Rs 100 crore towards political donations
London-listed Vedanta at present holds 64.92 percent stake in Hindustan Zinc Ltd (HZL) and 51 percent stake in Bharat Aluminium Company (Balco).
Sesa Sterlite's consolidated numbers will include Cairn India, Sesa Goa and Vedanta Aluminium. Vedanta Resources merged Sterlite Industries with Sesa Goa in August and renamed latter as Sesa Sterlite.
Vedanta currently holds 51% stake in Balco and 64.92% stake in Hindustan Zinc through its subsidiary Sesa Sterlite.
According to Ventura Securities, market to open on a negative note on the back of weak global cues.
Vedanta chairman Anil Agarwal, who holds 64.92 percent stake in Hindustan Zinc through Sesa Sterlite (earlier known as Sterlite Industries), told CNBC-TV18 that he is open to any method for acquiring government's residual stake in company and also Balco.
Anil Agarwal-promoted Sterlite Industries, which was merged with Sesa Goa last month, holds 64.92 percent stake in Hindustan Zinc and the rest of the stake is with the Government of India.
In the technology space, Infosys was up 1.04 percent at USD 46.62 and Wipro closed flat at USD 9.35.
Morgan stanley upgraded Sesa Goa to overweight from equalweight and raised price target to Rs 240 from Rs 154.
In the technology space, Wipro declined 0.55 percent to USD 9.02 and Infosys was up 0.35 percent at USD 46.37.
MphasiS | Rolta India | Elder Pharma | Financial Technologies | Hexaware Technologies | Jayant Agro Organics | Jindal Steel & Power | Shriram EPC and Coal India are stocks, which are in the news today.
According to Ajay Jain of astromoneyguru.com, banking, infrastructure and automobile sectors may see further downward move.
Indian ADRs slipped on Tuesday. In the banking space, HDFC Bank fell 7.2 percent at USD 27.32 and ICICI Bank was down 5.74 percent at USD 25.46.
Sterlite and MALCO merged with Sesa Goa and the record date for allotment of Sesa Goa's shares to shareholders of these companies is fixed as August 28.
Sesa Goa | Financial Technologies | ONGC | Hero MotoCorp | M&M Financial Services | ICICI Bank | Axis Bank and Future Ventures are stocks, which are in the news today.
Indian ADRs ended weak on Monday. Tata Motors fell 3.01 percent at USD 22.90, Infosys fell 0.13 percent at USD 47.55 and ICICI Bank was down 2.42 percent at USD 27.01.
Sudarshan Sukhani of s2analytics.com recommends buying Sesa Goa on dips.
Sesa Goa shares rallied 8 percent Monday ahead of delisting of Sterlite Industries with effect from Tuesday.
According to Ajay Jain of astromoneyguru.com, YES Bank, Sterlite Industries and Sesa Goa may show positive move.
According to Satish Gupta of astrostocktips.in, technology stocks like Hexaware Technologies and Tech Mahindra and metals stocks like Tata Steel, NMDC and Sterlite Industries will get astrological support.
Financial Technologies | MCX India | Petronet LNG | Pioneer Distilleries | Jet Airways | Ranbaxy Labs | JSPL | ITC and Hexaware Technologies are stocks, which are in the news today.
According to Satish Gupta of astrostocktips.in, technology stocks like Tata Consultancy Services and Tech Mahindra will get astrological support. "Metal stocks like Tata Steel, NMDC, Sterlite Industries and Sesa Goa will get astrological support," he adds.
Tata Steel shares rallied more than 4 percent while Jindal Steel, SAIL, Sterlite Industries and NMDC were up 1.5-2.5 percent after the Chinese August HSBC flash manufacturing PMI data increased to four-month high at 50.1 as against 47.7 in July.
According to Satish Gupta of astrostocktips.in, metals stocks like Sterlite Industries, Sesa Goa, Tata Steel and SAIL to get astrological support.