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The government will next week launch the fourth tranche of CPSE Exchange Traded Fund to garner up to Rs 14,000 crore, investment banking sources told PTI.
The government has already raised Rs 11,500 crore in the earlier three tranches of the ETF, which functions like a mutual fund scheme and the issue will open early next week and investors would get 3.5-4 percent discount over the issue price, PTI reported quoting sources.
Shares of Yes Bank rose as much as 7.6 percent, the most in over two weeks to Rs 205.50.
A search panel entrusted with finding Rana Kapoor's successor to lead Yes Bank has shortlisted multiple names, including those serving a foreign as well as domestic lenders, two sources told PTI on Friday.
The stock was the best performer on Sensex and Nifty. The scrip declined 34.9 percent so far this year compared to a 6.1 percent advance in the Sensex.
Shares of the lamps and lighting accessories maker rose as much as 3.7 percent to Rs 224.70.
The company bagged order of Rs 59 crore for manufacturing, testing and supplying of LED street lights and poles from the government of Odisha, according to its stock exchange notification.
The stock declined 43 percent in the past 52 weeks, Bloomberg data showed.
The Supreme Court rejected Dalmia Bharat’s plea challenging NCLAT’s approval for the sale of Binani Cement to UltraTech Cement, Bloomberg reported. (More details here)
Gayatri Projects forecasts revenue growth of 25-30 percent in FY19-21, the company said in its investor’s presentation today. The company expects to add Rs 6,000 crore every year during the period.
Shares of the construction services provider rose as much as 5.7 percent to Rs 188.50.
Nifty's 10,800 call option contract was among the most active option contracts on the National Stock Exchange.
Premium on the contract rose 9.9 percent to Rs 65.90. Over 1.63 lakh shares were added to the open interest which stood at over 35.71 lakh shares.
Reliance Considers Plan to Expand World’s Largest Refinery Complex
Shares of Jet Airways fell as much as 12.5 percent, the most since Aug. 10 to Rs 303.05.
On Friday, Tata Sons has said that talks to buy a stake in cash-strapped airline Jet Airways (India) Ltd. are in early stages and there hasn’t been any decision taken yet. (more details here)
The stock has declined 61.6 percent so far this year compared to a 5.9 percent advance in the Sensex.
Shares of the pharmaceutical company rose for the sixth straight trading session and is poised for its longest winning streak in nearly three months. The stock rose as much as 2.8 percent, to Rs 2,546.80.
The drugmaker received zero observations from the audit of formulations plant in Andhra Pradesh by the U.S. FDA, according to its stock exchange notification.
Dr. Reddy's traded at 26 times its estimated earnings per share for the coming year, Bloomberg data showed.
A quick look at corporate insider trades reported last Friday.
— BloombergQuint (@BloombergQuint) November 19, 2018
Read: https://t.co/5rfavIeesS pic.twitter.com/8SmsV1M7RC
Deutsche Bank on Power Grid
Deutsche Bank on tyre companies
JP Morgan on NMDC
Citi on Nestle
Vikas Ecotech
Mindtree
Tejas Networks
Seshasayee Paper (Q2, YoY)
Siemens (Q4CY18, YoY)
BQ Explains: The Points Of Friction Between RBI And Government Ahead Of Crucial Board Meet
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