The McDowell Holdings-Sun Star Hotels case has put the spotlight back on the efficacy of the bankruptcy law as a tool to resolve the problem of bad debts
Radhika Dubash also bought additional 1.74 lakh equity shares in GSS Infotech at Rs 79.24 per share. She had acquired 2.01 lakh shares in the company in last week. The stock gained more than 2 percent.
HSBC Global Investment Funds - Asia Ex-Japan Equity Smaller Companies acquired 5,37,112 equity shares in cooking appliances manufacturer Stove Kraft (1.64 percent stake) at Rs 929.85 per share.
Cumulatively, DRT offloaded more than 13.38 lakh equity shares in McDowell in three consecutive days.
Radhika Dubash acquired additional 1.11 lakh equity shares in GSS Infotech at Rs 74.88 per share on the NSE. The stock gained 4 percent.
Kaveri Seed Company gained 3 percent. Promoter and promoter group in total held 55.52 percent shareholding in the company.
Promoter Nowrosjee Wadia and Sons sold 3,61,750 equity shares in Bombay Burmah Trading Corporation at Rs 1,186.30 per share on the BSE.
It had posted a net loss of Rs 1.04 crore in the October-December period a year ago, McDowell Holdings said in a BSE filing.
Mitessh Thakkar of miteshthacker.com suggests buying Hexaware Technologies, Elgi Equipments and McDowell Holdings and advises selling Aurobindo Pharma.
Mangalore Chemicals and Fertilisers (MCFL) shares jumped nearly 17 percent intraday Wednesday after shareholders rejected transaction with Zuari Agro Chemicals (ZACL).
United Breweries Ltd (UBL) today said private lender Yes Bank has invoked 19 lakh of its shares worth Rs 156 crore which were pledged by McDowell Holdings, a unit of Vijay Mallya-led UB Group.
In a circular, the exchange said it has set a circuit limit of 10 percent for United Breweries (Holdings) and McDowell Holdings.
Infosys | Dr Reddy's Labs | Hotel Leelaventure | Edelweiss Financial | Castrol India | Reliance Infrastructure | NBCC | Mangalam Cement | Lloyd Electric | GTL Infrastructure | NTPC | JSW Energy | Jubilant FoodWorks | United Breweries Holdings and McDowell Holdings are stocks, which are in the news today.
Manoj Murlidharan of Religare Securities recommends buying Hindalco Industries and advises selling McDowell Holdings.
ICICI Bank | Ultratech Cement | Reliance Infrastructure | SAIL | Eicher Motors | Muthoot Finance | L&T Infotech | Ador Welding | Kirloskar Ferrous | Gujarat Alkalies | Deep Industries | GSFC | TNPL | KCP Sugar | Ortel Communications and De Nora India are stocks, which are in the news today.
Sacchitanand Uttekar of Motilal Oswal Financial Services recommends shorting Cadila Healthcare and likes McDowell Holdings.
Vishal Malkan of malkansview.com recommends buying Reliance Communications with a target of Rs 55 and Bata India with a target of Rs 540.
DLF | Jaiprakash Associates | TVS Tyres | Jet Airways | Tata Power | Indo Count | PC Jeweller | Cummins | KPIT Technologies | Rallis India | Glenmark | Info Edge | Jamna Auto | Borosil Glass Works | Vakrangee | AstraZeneca | McDowell Holdings | PTC India | Claris Life and Sobha are stocks, which are in the news today.
McDowell Holdings has reported a sales total income from operations of Rs 3.19 crore and a net profit of Rs 37.14 crore for the quarter ended Dec '15
The move comes after State Bank of India (SBI) declared Mallya, Kingfisher Airlines and its holding company United Breweries Holdings, as willful defaulters for defaults on nearly Rs 7,000-crore loans to the long-grounded carrier.
McDowell Holdings has reported a sales total income from operations of Rs 4.42 crore and a net profit of Rs 33.12 crore for the quarter ended Sep '15
McDowell Holdings has reported a standalone total income from operations of Rs 3.03 crore and a net loss of Rs 1.25 crore for the quarter ended Jun '15
Dr Reddy's Labs | Sun Pharma | Kernex Microsystems | GMR Infrastructure | IOC | HCL Technologies | MCX | TCS | Rashtriya Chemicals | Ashiana Housing | Jay Bharat Maruti | Den Networks and Yes Bank are stocks, which are in the news today.
SBI Mutual Fund, which had 8.77 percent earlier, brought down its shareholding in the company to 5.77 percent, McDowell Holdings said in a filing to BSE.
McDowell Holdings has reported a standalone total income from operations of Rs 3.08 crore and a net loss of Rs 11.82 crore for the quarter ended Mar '15