GIVE MISS CALL ON :- +91 99774 99927

CAPITALSTARS – भारत में खरीदारी के लिए बेहतर हैं ये स्‍टॉक: 11 SEPTEMBER 2019

13960005 (2)

Morning news and update

The Nifty opened the session with a modest loss and the loss magnified in the initial hour of the session. Nifty made a low of 10,890 and bounced back sharply to close above the 11,000 mark. This helped Nifty retake its short term moving averages, 8-DMA, 13-DMA and 20-DMA. Also, Nifty is forming an ‘inverted head and shoulder’ kind of pattern on the bottom with a positive divergence. There are several resistances in the 11140-11200 zone. The initial resistance and parallel highs or neckline for inverted head and shoulders is placed at 11146. The 50-EMA is placed at 11174 and 38.2 retracement level of June 3 to August 23 fall is placed at 11197. In case Nifty is able to clear all these resistances, it will gain bullish strength. Above the 11200 level, the targets are open towards the 11370 level in the short term. Till then, we can consider this rally as a pullback from an oversold condition in a downtrend.

Piramal Enterprises: A meeting of the administrative committee of the board of directors of the company will be held on September 13 to consider and approve the issue of secured non-convertible debentures (NCDs) on private placement basis.

Yes Bank: The bank has clarified regarding media report regarding stake sale by Yes Bank. The news item carried by media are speculative in nature and the bank in the usual and ordinary course of its business continues to explore various means of raising capital/funds through issuance of securities to diverse set of investors, in order to meet its business/regulatory requirements, subject to compliance with prescribed procedures and receipt of statutory/regulatory approvals.

JSW Energy: The company has received Letter of Award for supply of 290 MW.

Meghmani Organics: Meghmani Finechem Limited (MFL), a subsidiary of the company, has decided to foray into project of Epiehlorohydrin having annual capacity of 50,000 tonnes which will be based on TechnipFMC EPICEROL technology.

Voltas: Voltas and Tata Power have partnered to promote energy efficient ACs for consumers in Mumbai.

SML Isuzu : The company is launching “BH Series School Bus” in the market on September 10, 2019.

ZEEL: Essel Group has completed first tranche of ZEEL’s stake sale to Invesco Oppenheimer Developing Markets Fund

Glenmark Pharmaceuticals: Glenmark Pharmaceuticals Inc., USA, has been granted final approval by the United States Food & Drug Administration for Clobetasol Propionate Foam, 0.05% (emulsion formulation), a generic version of Olux1 Foam, 0.05% of Mylan Pharmaceuticals Inc.

Tata Motors: Jaguar Land Rover retail sales in August 2019 were 34,176 vehicles, down 6.7% compared to August 2018.

Sun Pharmaceutical: The company has increased its shareholding in PJSC Biosintez, Russia, by way of purchase of 8,698 shares (2391 ordinary shares and 6307 preferred shares) equivalent to 3.04% of PJSC Biosintez under the mandatory tender offer. Post completion of this purchase of shares, the total holding of the wholly-owned subsidiary company was increased from 96.96% to 100% in PJSC Biosintez.

Investment & trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.

CapitalStars Investment Adviser: SEBI Registration Number: INA000001647.

Leave a Reply


Ouch! There was a server error.
Retry »

Sending message...


CapitalStars FORUM