Chart Check: Breakout from falling trendline resistance makes GSPL an attractive buy
The breakout has opened room for the stock to head towards 350 levels which could take the stock to a fresh 52-week high in the next 4-6 weeks, suggest experts.
S&P Global Ratings downgrades Vedanta Resources amid bond maturity extension
Vedanta Resources late Wednesday said it raised $1.25 billion from financial institutions for refinancing, including a new credit facility. The company also said it started consent solicitations with existing bondholders to extend debt maturity profile, allowing for extension of maturities, amendments to bond terms and seeking certain waivers.
Stocks to buy today: 8 short-term trading ideas by experts for 14 December
The overall market sentiment remains bullish on Thursday, and considering the current levels, traders are advised to initiate fresh long positions, Kunal Shah, LKP Securities said. A stop-loss can be set at 20,800, targeting potential upside levels of 21,400/21,500 in the near term, he adds.
Big movers on D-Street: What should investors do with Axis Bank, Sonata Software and PI Industries?
Stocks that were in focus include names like Axis Bank, which fell 1.25%, Sonata Software, which was down 4%, and PI Industries, whose shares declined 1.7% on Wednesday.
Buffett’s Berkshire buys Occidental Petroleum shares worth about $588.7 million
The purchases bring Berkshire’s stake in Occidental to about 27%. The company also holds preferred shares and warrants to acquire another 83.8 million Occidental shares for $4.7 billion, or $56.62 apiece.
VRL begins process to rejig $3.8-billion bond repayments
As part of the plan, Vedanta Resources is to pledge 13% of its stake in Vedanta Ltd (VDL) to secure a $1.25 billion financing package from a group of lenders led by Standard Chartered Bank and New York-based Cerberus Capital Management to help avert a default on $1 billion of bonds that are due in […]
ICICI Bank, Adani Enterprises among consistent wealth creators
Noteworthy wealth creators in this period include Reliance Industries, TCS, ICICI Bank, Infosys and Bharti Airtel. Lloyds Metals emerged as the fastest wealth creator with the stock returning 79% on a compounded basis in this period.
Fed rate cut hopes by March optimistic, says Rajan
“The Fed would like to see either a substantial fall in inflation, but also, the problem is the labor market is hot,” Rajan, who is a well known commentator on the global economy, said Wednesday. “The Fed may think if rates are not doing damage, why worry.”
Market well balanced, earnings growth key: Raamdeo Agrawal
India’s industrial production marked a 16-month high in October, while retail inflation in November peaked at a three-month high.
Inox India IPO looks attractive for investors seeking exposure to industrial gas segment
The company is in the process of building a new plant with an investment of Rs 200 crore using internal accruals. The life of cryogenic tanks could be as high as 35-40 years and typically it is used in mission critical operations. The company derives 78% of revenue from sales of tanks for industrial gases […]