From March 15, Paytm will have to function as a third-party application provider just like rivals PhonePe and Google Pay and not as a payments bank app. The transition will likely see a further drop in market share
Despite the announcement from Paytm on cutting all ties with its associate company PPBL, the fintech firm is still dependent on the payments bank in multiple ways
Cement stocks like UltraTech Cement, Dalmia Bharat, ACC, India Cements, OCL and HeidelbergCement India will get astrological support, says Satish Gupta of astrostocktips.
SPA Research is bullish on Orient Cement (OCL) and has recommended buy rating on the stock with a target price of Rs 224 in its research report dated August 07, 2015.
The company also stated that post the stake buy, the group's regional capacity mix stands at 48 percent in South and 52 percent in East and North-East. Dalmia Cement has ongoing Greenfield projects which along with acquired capacities will take the group capacity to around 24 milion tonnes in FY16.
The company feels that revenues and EBIDTA are expected to improve in the coming quarters led by improved capacity utilizations in sterile injectables and OCL, nutrition ingredients, Symtet and 3CP, backward integration of Pyridine and expansion to newer markets.
The possibility of Nifty breaching 5,815 receding is now, technical analyst Jai Bala of cashthechaos.com cautioned in an interview to CNBC-TV18. On the downside, if Nifty dips sub 5,500 levels, then it won't be able to test 5,815 levels, he added.
In CNBC-TV18's popular show Bull's Eye, SP Tulsian, sptulsian.com shares trading strategy of the day.