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CAPITALSTARS – भारत में खरीदारी के लिए बेहतर हैं ये स्‍टॉक: 30 OCT 2018

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The NSE benchmark Nifty opened the session on a positive note but gave away most of the morning gains in the initial minutes of the session and marked a low of 10,020. Thereafter, the index witnessed stupendous rally and ended the day above the 10,250 mark with handsome gains of 2.20 per cent. The price action formed a significant bullish candle. Going ahead, it seems like the pullback rally may extend further and the level of 10,290 will possibly act as a resistance level, but a sustainable move above this level would initiate yet another spell of short-covering which could take the index towards the zone of 10,400-10,440 as this zone is the confluence of 20-DSMA and 61.8 per cent retracement level of recent fall from 10,710 to 10,004.55. Having said that, it would be important for the Nifty to stay above 10,180-10,200 levels.

Bharti Airtel: The company has clarified that Airtel Africa IPO preparations are proceeding as per plan and there is no change in the plan. New board is in place with new investors’ representatives and the company is confident about the IPO process.

Cadila Healthcare: The company has subscribed to 51 per cent shares of Windlas Healthcare Private Limited (Windlas) as per the share purchase agreement executed by the company and Windlas. In view of the above, Windlas has become a subsidiary of the company.

BHEL: The board has approved buyback of 18.93 crore shares at Rs 86 apiece, aggregating to Rs 1,628.3 crore. The record date is November 6.

HSIL: The company has signed distribution agreement with Formenti E Giovenzana of Italy, giving exclusive distribution rights to the company for the territory of India and other territories as may be mutually agreed, for distribution of kitchen and furniture functional hardware fitting products manufactured by Formenti E Giovenzana.

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