Deputy Commissioner of Income Tax (DCIT) has raised a demand for the assessment year 2018-19, Grasim Industries said in a regulatory filing.
Grasim shareholders will receive 7 shares of Aditya Birla Capital for every 5 shares held in the company.
The transfer has been made pursuant to the composite scheme of arrangement between Aditya Birla Nuvo Limited and Grasim Industries Limited and Aditya Birla Financial Services Limited and their respective shareholders.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Power Finance Corporation, Tata Motors and State Bank of India and can buy IIFL Holdings and SCI.
According to Prakash Gaba of prakashgaba.com, there is a good chance that the Nifty could see positive move in the last day of the F&O expiry. The crucial support for the Nifty is at 9466-9439-9400 and the resistance is at 9560-9591 while Bank Nifty has support at 22950 and resistance at 23500.
Gaurav Ratnaparkhi of Sharekhan advises selling IDFC Bank with a target of Rs 53.50.
Ashwani Gujral of ashwanigujral.com suggests buying Yes Bank and Max Financial on dips and feels that Grasim Industries may test Rs 1220.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Reliance Capital, NBCC and Rain Industries and can sell Bajaj Finserv below Rs 4080.
Ruchit Jain of Angel Broking advises buying Century Textiles with a target of Rs 1160.
Ashwani Gujral of ashwanigujral.com is of the view that one can sell Just Dial, NMDC and Wockhardt and can buy Aditya Birla Nuvo and HDFC.
Mitessh Thakkar of miteshthacker.com is of the view that one can sell Hindustan Petroleum Corporation and avoid Aditya Birla Nuvo.
Ashwani Gujral of ashwanigujral.com recommends buying Aditya Birla Nuvo, Grasim Industries and Uflex.
Mitessh Thakkar of miteshthacker.com recommends buying Aditya Birla Nuvo and Godrej Consumer and advises selling Zee Entertainment, Bata India and Glenmark Pharma.
However, looking at futures open interest and other derivative data we expect Nifty to break 9,700 and moving towards 9,750 in the expiry week and any dip should be used as buying opportunity.
Mitessh Thakkar of mitesshthakkar.com suggests buying Aditya Birla Nuvo and Cholamandalam Investment.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy HDFC, Shankara Build and Chambal Fertilisers and can sell Andhra Bank.
Ruchit Jain of Angel Broking recommends buying Manappuram Finance with a target of Rs 104 and Ashok Leyland with a target of Rs 100.
Prakash Gaba of prakashgaba.com is of the view that Nifty has support at 9580-9540 and resistance at 9660-9713 while Bank Nifty has support at 23100 and resistance at 23500.
Mitessh Thakkar of miteshthacker.com is of the view that one can buy Aditya Birla Nuvo and Godrej Industries.
Nifty has support at 9400 and resistance at 9500 while Bank Nifty has support at 22700 and resistance at 23000, says Prakash Gaba of prakashgaba.com.
According to Prakash Gaba of prakashgaba.com, Nifty has support at 9340 and resistance at 9500 while Bank Nifty has support at 22500 and resistance at 22850.
Sudarshan Sukhani of s2analytics.com is of the view that one can buy Aditya Birla Nuvo, BEML and Cholamandalam Investment while one can avoid Bharat Financial.
Higher time frame remains bullish with 'higher top and higher bottom' formation still intact and hence weakness in the short-term towards 9,000 to be a buying opportunity.
Mitessh Thakkar of mitesshthakkar.com is of the view that one can buy HCC, Granules India and Power Grid and sell Oracle Financial Services.