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Wednesday, 5 July 2017

Top stock Market News @BUZZING STOCK

L&T approves bonus shares in the ratio of 1:2. Stock gains 1%.
IL&FS Engineering and Construction stock jumps 9% after bagging orders worth Rs 236.8 Cr in Jharkhand.

Sterlite Tech surges higher with rising volume. Decisive Falling trendline breakout will allow the stock to retest its 52-week high of 170 mark. Stock shines 9%.
Liquor stocks gain after SC observed prima facie that it does not intend to interfere with moves of the local governments to classify some highways as district roads. Tilaknagar Industries (+6.5%), United Spirits (+2.5%), United Breweries (+2%).
PSU Banking Index up 1%. IDBI Bank (+3%), Andhra Bank, Union Bank, BoB (+1%).
Force Motors total sales down 16.5% at 2,466 units vs 2,953 units (YoY). Stock dips 1%.
ABC Bearings (+20%) board of Directors approve merger withTimken India (+13%) subject to approval by the NCLT. Post merger, ABC Bearings shares is worth Rs 421 compared to current price of Rs 238. 

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1 comment:

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