The government has budgeted to raise Rs 80,000 crore from PSU disinvestment. So far this fiscal, the government has mopped up over Rs 15,000 crore from PSU stake sale.
Department of Investment and Public Asset Management (DIPAM), Centre’s arm to carry out divestment and strategic sale procedures, formed an inter-ministerial group (IMG) on November 16 for ‘strategic divestment of Government of India’s equity of DCI through strategic sale’
Currently the Government of India holds 74.38 percent stake in Dredging Corporation.
Operating profit jumped 26.7 percent to Rs 37.3 crore and margin expanded 290 basis points to 23.6 percent compared with corresponding quarter of previous fiscal.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Dredging Corporation India and PTC India and sell Infibeam Incorporation.
G Chokkalingam, Founder & MD at Equinomics Research & Advisory has a bullish stance on Balmer Lawrie while he feels that MOIL can be a multibagger.
In an interview to CNBC-TV18, G Chokkalingam, Founder & MD of Equinomics Research & Advisory shared his readings and outlook on specific stocks and sector.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have - Bharat Forge, Force Motors, Vista Pharmaceuticals, Dredging Corporation of India, Power Grid & NTPC.
A media report stated that the government was looking to give up controlling stake and has prepared a Cabinet note on the proposal already. Stock has gained 7 percent in the past three days.
Government official privy to this development have told the Economic Times that a cabinet note has been prepared on this proposal and is floated among key ministries for consideration.
ICICI Direct recommended hold rating on Dredging Corporation with a target price of Rs 480 in its research report dated February 14, 2017.
Dredging Corporation of India (DCI) today reported a net profit of Rs 14 crore for the quarter ended December 31.
Ashwani Gujral of ashwanigujral.com suggests buying DLF, Yes Bank, NLC India, Dredging Corporation and Delta Corp.
Ashwani Gujral of ashwanigujral.com recommends buying Dredging Corp, Zee Entertainment and Hindustan Copper.
Ashwani Gujral of ashwanigujral.com is of the view that one may buy Tata Power, Jet Airways and Torrent Power.
Ashwani Gujral of ashwanigujral.com is of the view that one can buy Dredging Corporation India, NTPC and Power Grid.
Ashwani Gujral of ashwanigujral.com recommends buying Dredging Corporation, Rashtriya Chemicals and Fertilisers and TVS Motor Company.
Ashwani Gujral of ashwanigujral.com recommends buying MMTC and Dredging Corporation and advises selling Union Bank of India.
Ashwani Gujral of ashwanigujral.com suggests buying Dredging Corp and sell Motherson Sumi Systems and Oil India Limited.
Rajat Bose of rajatkbose.com feels that Dredging Corporation may slip to Rs 300.
Cadila Healthcare | KEC International | Crompton Greaves | Siemens | NMDC | Mandhana Industries | NALCO | India Glycols | Dredging Corporation | BGR Energy | Ashoka Buildcon and Endurance Technologies are stocks, which are in the news today.