The sustainable agriculture products and solutions provider will explore multiple options available for unlocking value in Advanta by raising funds through primary or secondary issuances of securities.
SP Tulsian, sptulsian.com explains why he would not prefer buying Axis Bank even at reduced levels. He also tells why one must book profits on Sharda Cropchem rather than wait for further gains.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com shared his readings and outlook on specific stocks and sectors.
Seed firm Advanta will be dropped from S&P BSE indices from Monday on account of its merger with group firm UPL Ltd.
Sun Pharma | Tata Motors | GAIL | NTPC | Indraprastha Gas | Omax Autos | Aditya Birla Fashion | Reliance Communications | Mandhana Industries | Advanta | UPL | Deepak Fertilizers | Quick Heal | Reliance Power | Ruchira Papers | Ginni Filaments | Shree Renuka Sugars | Shilpa Medicare and JSW Energy are stocks, which are in the news today.
Deven Choksey of KR Choksey Investment Managers likes UPL and Advanta from the agri space.
Prakash Gaba of prakashgaba.com is of the view that Lupin may test Rs 1662 while UPL may hit Rs 568.
Agrochemical firm UPL has reported a 25 per cent increase in consolidated net profit at Rs 552.02 crore for the quarter ended March 31, on account of higher income.
Rajat Bose of rajatkbose.com is of the view that Wockhardt may move up and test Rs 1131 while Advanta may hit Rs 527.
Larsen and Toubro | JSW Steel | IDFC | Marico | Grasim | Birla Corp | Pidilite Industries | Thermax | Jagran Prakashan | Advanta | Suzlon Energy | Jyoti Structures | Apollo Hospital | Dewan Housing | Blue Star and Aurobindo Pharma are stocks, which are in the news today.
Seed company Advanta Ltd today reported an over two-fold jump in consolidated net profit at Rs 60.67 crore for the quarter ended December 31.
Fair trade regulator CCI has approved the proposed merger of seed firm Advanta Ltd with agrochemical major UPL.
The generic crop protection, chemicals and seeds company launched a new herbicide Xerton in the UK market after getting approval in November 2015.
Deven Choksey of KRChoksey Investment likes UPL and Advanta and feels that one may prefer Jain Irrigation Systems.
"Board of directors today approved the conversion of 25 foreign currency convertible bonds (FCCBs) into global depository receipts (GDRs)," says the multinational seed company.
Larsen and Toubro | Lupin | JSPL | Rohit Ferro-Tech | HCL Infosystems | Ajmera Realty | Sterlite Technologies | BPCL | L&T Finance Holdings | IOC | HPCL | Saregama | Ortel Communications | V-Mart Retail | Adavanta | Cairn | Aurobindo Pharma | Educomp Solutions | Reliance Infrastructure | NBCC and Titan are stocks, which are in the news today.
Market experts, Ambareesh Baliga, Mayuresh Joshi of Angel Broking and Sudarshan Sukhani of s2analytics.com in an interview to CNBC-TV18 shared their views on the pros on cons of Advanta‘s merger with UPL and other stock ideas.
Mayuresh Joshi of Angel Broking is of the view that one may buy UPL on declines.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Arshiya International, Just Dial, Bank of Baroda, Cheviot, Ludlow Jute, Gloster, Vakrangee, Cipla, UPL and Advanta.
Jai Shroff, CEO, UPL, said Advanta is projected to see healthy growth in the coming years. Both UPL and Advanta have been outperforming industry growth rate
SP Tulsian of sptulsian.com is of the view that UPL may touch Rs 600.
Post merger, seed company Advanta's every shareholder will get one equity share and three preference shares of UPL for every share held in the company.
Stocks that are likely to be in focus in today's trade are Vakrangee, Bharat Forge, Adani Ports and Special Economic Zone, Asian Paints, Vedanta, Hindalco Industries, Strides Arcolab, UPL, Advanta, Cheviot Company, Tata Motors and IDFC Bank.
Advanta has reported a consolidated total income from operations of Rs 307.98 crore and a net profit of Rs 44.58 crore for the quarter ended Sep '15
Stocks likey to be in focus are: Nestle India, Blue Star, State Bank of Mysore, Navneet Education, Advanta, Enil, Gujarat Sidhee Cement, Bharti Infratel, Rural Electrification Corporation.