Thursday, 4 September 2014
·
JP Associates drops on Stake Sale
Jaiprakash
Associates drop over 19%, after Jaypee Infra Ventures sold 1,34,89,693 shares
of Jaiprakash Associates at Rs46.33 on the NSE.
·
DLF falls 9%, Haryana govt cancels
350-acre land allotment
DLF tumbled
9 percent as worried investors are offloading the stock after the Haryana
government cancelled the 350-acre land allotment made to the company in 2010.
·
PNB undertakes Rs500 crore fund
raising
PNB announced that the
Bank is raising Rs. 500 crore Tier-II Basel III compliant Bonds at an annual
coupon of 9.35% on Private placement basis from 04 September 2014 to 09
September 2014 through five arrangers.
·
TVS Motor gains after BofAML ups
target to Rs 235
Shares of
TVS Motor were up 5% following a buy rating on the stock by global brokerage
BofA Merrill Lynch because of strong business prospects and at current levels
valuations are attractive to its peers.
