As many as 40 central public sector enterprises including MTNL, Shipping Corporation of India, NMDC and Rashtriya Chemicals and Fertilizers do not have a regular chief executive, Parliament was informed today.
Ruchit Jain of Angel Broking advises buying Havells India with a target of Rs 382.
Prakash GabaÂ of prakashgaba.com is of the view that one can sell Hindalco Industries while he feels that UltraTech Cement can climb to Rs 3675.
Retail prices of non-urea fertilisers such as Di-ammonium Phosphate (DAP), Muriate of Potash (MoP) and NPK are decontrolled and are determined by the manufacturers, while the Centre gives them fixed subsidy each year.
In an interview to CNBC-TV18, Prakash Diwan, Investment Evangelist at prakashdiwan.in shared his readings and outlook on specific stocks and sectors.
Ashwani Gujral of ashwanigujral.com recommends buying Rashtriya Chemicals and Fertilisers and Lupin and advises selling Tata Consultancy Services, Just Dial and Tata Steel.
In an interview with CNBC-TV18, market expert, SP Tulsian gave his views on the much awaited JP associates and UltraTech Cement deal and told why he is confident that the goods and service tax (GST) will go through in this session.
Shares of Coromandel International slumped 14.31 percent, National Fertilizers dipped 3.54 percent and Zuari Global fell 3 percent on BSE.
Recent news reports suggested that the government announced a cut in prices of fertilisers such as Diammonium Phosphate (DAP). Speaking to CNBC-TV18, Satish Chander of the Fertiliser Association of India said only government fertiliser companies have been told to cut prices. Pricing power is with private companies, he said.
The state-run fertiliser firms Rashtriya Chemicals and Fertilizers (RCF) and National Fertilizers Ltd (NFL) as well as private firm Indian Potash Ltd (IPL) have agreed to reduce the price of non-urea fertilisers, the Fertiliser Minister said.
Kunal Saraogi of Equityrush is of the view that one may buy UltraTech Cement with a target of Rs 3500.
Here are a few top buzzing midcap stocks picked by CNBC-TV18's analysts in trade today. We have Uttam Galva, Alembic Pharma, Shree Renuka, Bajaj Hindusthan, Balrampur Chini, Hindalco, Zuari Agro, Mangalore Chemicals and Fertilisers, Rashtriya Chemicals and Fertilisers, Bajaj Auto, Teamlease, Burnpur Cement, Noida Toll Bridge and Firstsource.
Prakash Diwan of prakashdiwan.in has a positive view on fertiliser space and has Chambal Fertilisers and Chemicals as the top pick in that space.
"Ministry of Chemicals and Fertilisers vide office order dated June 14, 2016, has entrusted the additional charge of the post of Chairman and Managing Director of the company to Manoj Mishra, CMD, National Fertilisers Ltd with immediate effect till further orders," RCF said.
In an interview with CNBC-TV18, RG Rajan, CMD of RCF said that the company has received Rs 1500 crore in subsidy for FY16 and expects FY17 to be better on the back of good monsoons.
Sun Pharma | SBI | Novartis India | RPG Life Sciences | HT Media | GMR Infra | DB Corp | ABG Shipyard | Alok Industries | Torrent Pharma | BPCL | United Spirits | Power Grid and Jet Airways are stocks, which are in the news today.
Expenses rose to Rs 2,031.18 crore in the quarter compared to Rs 1929.51 crore in the year ago period.
Ashwani Gujral of ashwanigujral.com recommends buying Britannia Industries, HDIL and Rashtriya Chemicals and Fertilisers.
A consortium of state-owned Rashtriya Chemicals and Fertilizers (RCF), Gujrat Narmada Valley Fertilizers & Chemicals (GNFC) and Gujarat Chemicals and Fertilizers (GSFC) looks to set up a gas-based urea/ammonia making plant in Iran.
IL&FS Transportation | Idea Cellular | National Fertilizers | Rashtriya Chemicals and Fertilisers | NIIT Technologies | Berger Paints | Excel Cropcare | Dr Reddy's Labs | Wendt | Vedanta | Ambuja Cements | Granules India and HCC are stocks, which are in the news today.
The government intends to sell its 15 percent stake or 7.35 crore shares in National Fertilisers Ltd (NFL) while it will put on block its 5 percent stake or over 2.75 crore equity shares in Rashtriya Chemicals & Fertilisers (RCF) through offer for sale (OFS).
Margins are expected to improve this year and volumes may go up 10-20 percent with the onset of a healthy monsoon, says RG Rajan, CMD of Rashtriya Chemicals & Fertilizers.
Jay Thakkar of Sharekhan recommends buying Manappuram Finance with a target of Rs 42.50 and Mahindra & Mahindra with a target of Rs 1381.
Aashish Tater of FortuneWizard.com is of the view that SQS India BFSI may test Rs 1500.
Shares of Chambal Fertilisers and Chemicals surged 5.19 percent, Kaveri Seed Company gained 4.96 percent, Rashtriya Chemicals and Fertilizers (4.42 percent), Deepak Fertilisers and Petrochemicals (4.1 percent) and National Fertilizers (4 percent).