In a recent order, the central board of excise and customs (CEBC) said that tower companies cannot avail cenvat credit on goods and services used in construction of tower. The duties which are paid on parts of tower are ineligible under input tax credit under cenvat.
Srei Infrastructure Finance has sought the market regulator Sebi's approval to raise upto Rs 200 crore through non convertible debentures (NCDs).
The index is in a trading range and trading ranges are vicious, choppy and difficult to trade, technical analyst, Sudarshan Sukhani, s2analytics.com said.
Hemant Kanoria, CMD, Srei Infrastructure believes that the company has 50 percent chance of getting banking licence.
The Reserve Bank of India (RBI) received 26 applications from different institutions, which are in the fray to float banks. The last date of application for a new bank licence ended on Monday.
Rajesh Agarwal of Eastern Financiers recommends buying Mahindra Ugine, Polaris Financial Technology, SREI Infrastructure and Orchid Chemicals.
Rajesh Agarwal of Eastern Financiers recommended to buy Mahindra Ugine for a target price of Rs 77 and buy Polaris for a target price of Rs 127.
SREI Infrastructure is in a process of bottoming out. It looks good for an investment, says Sudarshan Sukhani of s2analytics.com.
After the expose in respect to Axis Bank, HDFC Bank and ICICI Bank, SP Tulsian of sptulsian.com takes this as a buying opportunity for all three stocks. He told CNBC-TV18 that although the Bank Nifty has been spoiled because of the bad performance, but all the PSU bank stocks have been ruling reasonably well.
In CNBC-TV18's popular show Bull's Eye, Aashish Tater of FortuneWizard.com shares trading strategy of the day.
According to Parag Doctor, Head - Trading Strategies at Keynote Capital, one should hold on to SREI Infrastructure because the stock has some kind of base formation between Rs 28 and Rs 30 levels.
In CNBC-TV18's popular show Bull's Eye, Ashish Kapur, Investshoppe shares trading strategy of the day.