Ajanta Pharma's promoters have agreed to consolidate their shareholding in the hands of seven family members and one family-controlled promoter group entity in order to give better visibility to the investors.
According to Deven Choksey, KR Choksey Shares & Securities Nifty will consolidate in 8200-8700 range and if it breaches those levels then 9000-9200 on the upside is likely.
Sudarshan Sukhani of s2analytics.com says the Nifty is now closer to the point where it will pause and consolidate.
The company will merge with partnership firms, Liberty Enterprises & Liberty Group Marketing Division and is likely to acquire 10 sub-brands, distribution network, manufacturing facilities of partnership firms.
VISA vice-chairman and MD Vishal Agarwal, in an interview to CNBC-TV18, says that the company plans to consoldidate and streamline its busniess arms to unlock more value for the share holder. The company is also looking out for investors to increase its special steel capacity.
Sanjay Dutt, director, Quantum Securities explains to CNBC-TV18 that the market has to consolidate to reflect the gains made by substantial movement posted by a few stocks. Dutt adds that he is bullish on the telecom sector and prefers Reliance Communication over the Bharti Infratel IPO.
In an interview to CNBC-TV18, Priti Gupta, Director, Anand Rathi Commodities said that silver is likely to consolidate today, after a big fall yesterday.
CNBC-TV18's managing editor Udayan Mukherjee explains that today wasn‘t a big session of trade nor was it a steep bell-shaped recovery, but the selling seems to have stopped for the moment and actually pulled back a bit as compared to Monday when the market did not fall too much.