Shares of Kotak Mahindra Bank in Focus ahead of its QIP issue

Kotak Mahindra Bank has recently approved a QIP issue (Qualified institutional placements) at a price of Rs 913.24, per share, to raise the fund of about Rs 5600.00 Cores. The stock is the top gainer touching the fresh 52-week high of Rs 980.5% during the first half of today’s trading session. It is trading at above […]

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IFC to invest up to Rs. 1000 Crore in Bajaj Finance via NCDs

The private lending arm of the World Bank, IFC (International Finance Corporation), is looking to invest up to 1,000 Cr (Approx) in Bajaj Finance Ltd, as per announcement by IFC. The International Finance Corpn will buy Bajaj Finance’s non-convertible debentures (NCDs), and the proceeds of the fund-raising will be utilized to lend to micro small […]

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SREI Infrastructure Finance declines on profit booking

Stocks of SREI Infrastructure Finance fell 2.1% to Rs 102.50 at the lunch hours on BSE, on profit booking. The stock had hit a high and a low of Rs 105.70 and Rs 102.40 respectively, during the day. The stock had outperformed the market since the past one month till 4 May 2017, rising 21.96% […]

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Gail India Touches 0.64% in an early trade today

The share price of Gail (India) Ltd touched 0.64% in an early trade today and is being traded at Rs. 424 in an intraday basis. The share price touched fresh 52-week high at Rs 426.45 on Monday, after winning orders from Kerala. The company has obtained contracts for pipeline laying works valued Rs 200 crore. The […]

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