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Category Archives: Top Corporate News

CAPITALSTARS -STOCKS TO LOOK OUT FOR TODAY: 19 APR 2018

NSE benchmark Nifty made a positive start and later shifted into a range-bound action for the first half of trading session. However, in the second half of the session, the index took a volatile turn and snapped its 9-day winning streak. The price action formed a bear candle. Going ahead, the level of 10,480 would

TOP CORPORATE NEWS- 18 APR 2018

Aurobindo’s Unit 1 undergoing USFDA audit Aurobindo’s Unit 1 is undergoing a USFDA audit, as per media reports. Unit 1 is an API unit with manufacturing capabilities in CVS, CNS, Anti-allergics and non-sterile Cephalosporins. The audit has started on April 16 and will last until 20 April 2018. The audit is being carried out by

TOP CORPORATE NEWS- 17 APR 2018

NCLT approves Vedanta bid for Electrosteel Steels Vedanta has got NCLT approval for its resolution plan for Electrosteel Steels. Vedanta was the winning bidder with a bid of Rs5, 000cr. This implies that lenders would have to take a ~55% haircut to existing debt. This is a positive development for Vedanta, which was searching ways

CAPITALSTARS -STOCKS TO LOOK OUT FOR TODAY: 17 APR 2018

NSE benchmark Nifty kicked off the week with a gap-down opening. However, the jitters subsidised as the day progressed and Nifty ended the day near the day’s high. The price action formed a long bull candle, which resembles engulfing bullish pattern. Going ahead, we expect the momentum to continue on the upside and Nifty may

TOP CORPORATE NEWS- 16 APR 2018

Alok Industries hits lower circuit as lenders reject RIL’s revised offer Shares of Alok Industries hit lower circuit on Monday after lenders to the company reject a revised offer by Reliance Industries-JM Financial Asset Reconstruction Company to acquire the bankrupt company. According to IBC, if no resolution plan is approved within the given time period

CAPITALSTARS MARKET WRAP UP & UPDATES – 13 APR 2018

Domestic stocks logged modest gains in a volatile trading session led by gains in index heavyweights Reliance Industries, HDFC and Infosys. The Nifty 50 index rose 21.95 points or 0.21% to settle at 10,480.60. Extending gains for the seventh straight trading session, the Sensex and the Nifty, both, settled at their highest level in over

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