The Power Grid Corporation of India had signed a Share Purchase Agreement with Jaiprakash Power Ventures Limited on March 19 to acquire 74 percent shareholding of JVPL in Jaypee PowerGrid Limited (JPL) for Rs 351.64 crores.
Jaiprakash Power Ventures lost as much as 17. percent intraday that may be because of profit booking and downgrade by JP Morgan. It surged 12 percent on Friday ahead of board meeting that took place on Saturday.
Sharmila Joshi, Independent Analyst advises buying IRB Infrastructure for a target price of Rs 103 and Escorts for a target price of Rs 124.
According to the report, the country's largest private sector hydro-power producer is in advance negotiations with ADWEA and its underlying operating companies to sell the 300 mega watts (MW) Baspa II and the 1000 MW Karcham Wangtoo project on the Sutlej river.
Here are the top headlines of the day:
ONGC | DLF | Insecticides India | Hathway Cable | Inox Leisure | Jindal Stainless | United Bank | Jaiprakash Power | Denso India | Wockhardt | GE Shipping | Tata Steel | Hindalco and Mahindra & Mahindra are stocks, which are in the news today.
Power: NTPC's generation fell 4.2 percent YoY due to 1.1 percent YoY decline in coal-based generation and 34.1 percent YoY decline in gas-based generation. Tata Power reported 114.5 percent YoY growth in generation, following the commissioning of the entire 4000 MW Mundra plant, says ICICIdirect.com.
SP Tulsian of sptulsian.com is positive on Adani Power, Mahindra Satyam and Glenmark Pharma. He recommends buying these stocks.
Buying opportunity is seen in JP Power, says SP Tulsian of sptulsian.com.
In an interview to CNBC-TV18, Sudarshan Sukhani of s2analytics.com shared his reading and outlook on market and specific stocks.
Sudarshan Sukhani, s2analytics.com advises traders to buy HUL or ITC on decline.
Benchmarks opened sluggish Tuesday, as the market is still trying to digest the huge gains made last week.
Moneycontrol brings to you some of the recommendations given by experts that will help you cash in on the many opportunities available.
Coal India | NCC | Pipavav Defence | Bharti | Idea | Tata Communications | Reliance Communications | Jaiprakash Power | Mudra Lifestyle | IOC and Cairn India are stocks, which are in the news today.
Ashok Leyland | NTPC | Reliance Communications | Hindalco | Marg | Brigade Enterprises | Jaiprakash Power Ventures | Axis Bank and Yes Bank are stocks, which are in the news today.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com gets stock specific in a very volatile market. He analyses select stocks like JP Power Ventures, JP Infra, Jain Irrigation, VIP Industries, Exide and Voltas. He also looks at the IPO space and the offering there - Speciality Restaurants.
The entire power sector has been under pressure mainly on the back of a media report that came out yesterday. The reports suggested that the Ministry of Power is proposing to cap tariff sold from power projects, which have captive coal blocks or assured domestic coal linkages, informed CNBC-TV18’s Priyanka Dalmia.
JP Power has announced its fourth quarter results. The company's Q4 operating income down was 14% at Rs 148 crore.
Reliance Infrastructure | Jaiprakash Power | Reliance Communications | Clutch Auto | Shiv Vani | GE Shipping | Bajaj Corp and Zee Entertainment are stocks, which are in the news today.