Mar 23, 2015 03:04 PM IST
Kunal Bothra of LKP Securities advises exiting Jindal Steel & Power and prefers Dishman Pharma.
- Mar 23, 2015 12:39 PM IST
the fundamental problem with the coal auctions is the segregation of mines for power and non-power. Once you do this, the mines earmarked for power will draw only power sector players, and this automatically reduces the numbers of bidders (and bid values) for each mine.
- Mar 23, 2015 11:10 AM IST
Shares of Jindal Steel & Power plunged 15 percent in early trade Monday after the government rejected three successful bids in the recently-concluded coal block auctions.
- Mar 23, 2015 09:15 AM IST
Jindal Steel tanked 13 percent as sources told CNBC-TV18 that government rejected company's bids for coal blocks.
- Mar 23, 2015 07:59 AM IST
Stocks in the US jumped about 1 percent to close near highs on Friday, continuing several days of alternating gains and losses as investors weighed a weaker dollar.
- Mar 17, 2015 05:00 PM IST
The market managed to recoup some of its losses on Tuesday with the Sensex scoring a 1 percent on short covering and ahead of beginning of two-day Federal Reserve meeting. However, the index shed 493 points in previous two sessions.
- Mar 17, 2015 02:00 PM IST
Hindalco surged 5 percent while Sesa Sterlite and Dr Reddy's Labs gained up 3-4 percent. Axis Bank and BHEL were other top gainers in the Sensex. Among the losers were Infosys, Bharti Airtel, Wipro, Coal Indi and HUL.
- Mar 09, 2015 12:00 PM IST
The market extended losses in noon trade with the Sensex losing nearly 400 points dragged by weakness in banking, metals and technology stocks.
- Mar 01, 2015 03:58 PM IST
The government had recently auctioned 19 coal blocks. The second round of auction of 21 coal blocks has, however, been put off to March 4. The auction of mines in the second tranche was earlier scheduled to begin from February 25.
- Feb 23, 2015 12:00 PM IST
The market started the Budget week on a flat note as the Nifty traded near the 8,850 mark. The broader markets marginally outperformed benchmarks.
- Feb 20, 2015 04:27 PM IST
Market experts feel overall the market has been consolidating around 8800-8900 levels ahead of Budget (to be announced on February 28). Budget may decide the market trend from next month onwards, they say.
- Feb 20, 2015 01:27 PM IST
A day after Jindal Steel and Power engineered a virtual coup by bagging rights to explore Gare Palma IV/2 and 3 at a low price of Rs 108 per tonne, a development that sent its shares soaring 26 percent yesterday, the company suffered an upset by failing to qualify as a bidder for Gare Palma IV/1.
- Feb 20, 2015 12:00 PM IST
The market remained under pressure in noon trade due to selling in technology, private banking & financials, select auto and oil stocks.
- Feb 19, 2015 04:28 PM IST
Metals played a key role in today‘s trade with the BSE Metal index climbing nearly 4 percent amid ongoing coal block e-auction.
- Feb 19, 2015 02:09 PM IST
The government is auctioning the coal blocks after the Supreme Court cancelled allocation of 204 mines in September last year. It has put 19 mines on block in the first tranche.The last day for the auction of mines in first tranche is 22 February.
- Feb 19, 2015 02:00 PM IST
JSPL is the biggest gainer today, up a whopping 23 percent after the company won back its Gare Palma 2 and 3 blocks. The management told CNBC-TV18 that they can use coal from Gare Palma for other plants as well and additional merchant power sales can happen at coal e-auction prices.
- Feb 13, 2015 05:07 PM IST
During the week FIIs sold stocks worth Rs 2699.04 while DIIs bought Rs 2173.89 cr worth of stocks.
- Feb 11, 2015 04:20 PM IST
Experts believe the upside may continue till Budget (to be announced on February 28). However, they see some correction post Budget.
- Feb 11, 2015 02:00 PM IST
Axis Bank was up 3 percent while NTPC, Maruti, L&T and RIL were top gainers in the Sensex. Among the losers were ONGC, BHEL, M&M, Cipla and Tata Motors.
- Feb 04, 2015 07:02 AM IST
Steel maker JSPL has cut over 750 jobs as the company reported Rs 1,675 crore consolidated loss for the third quarter ended December, 2014 mainly due to payment of the Supreme Court imposed penalty on coal block allocation scam.
- Feb 03, 2015 10:47 AM IST
Jindal Steel & Power's (JSPL) third quarter profit after tax is seen falling 52 percent year-on-year to Rs 270 crore, according to the average of estimates of analysts polled by CNBC-TV18. PAT is expected to get hit due to elevated interest cost, say analysts.
- Jan 02, 2015 05:43 PM IST
Brokers said the rally was driven by local operators, who were more active than usual as most foreign institutional investors (FIIs) were holidaying
- Dec 12, 2014 06:59 PM IST
Weakness was ubiquitous this week, with broader markets at the center of profit-taking. BSE Small Cap and CNX Midcap indices were down 3.4-3.8 percent, performing slightly better than the benchmarks
- Dec 09, 2014 08:26 PM IST
India's steel consumption grew by a moderate 1.3 per cent to 48.62 million tonnes during the April-November period of current fiscal on lingering effect of the economic slowdown and slow growth in production.
- Dec 03, 2014 12:00 PM IST
Jindal Steel topped the buying list, up 7.53 percent followed by BHEL, Asian Paints, Sesa Sterlite, IndusInd Bank, Axis Bank, Mahindra & Mahindra and Maruti Suzuki with 1-3 percent gain.