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The road project was worth Rs 350.01 crore. The appointed date for same was July 20, 2017, and the scheduled completion date was July 20, 2019. Shares of Dilip Buildcon rallied 2.7 percent intraday on August 28 after the company received Provisional Completion Certificate for the road project in Andhra Pradesh. The stock gained nearly 14 percent in the last three days after falling more than 50 percent in the last year. It was quoting at Rs 382.85, up to Rs 5.90, or 1.57 percent on the BSE at 1000 hours. The road project company informed exchanges that its project of rehabilitation and up-gradation of Eeppurupalem - Ongole section of NH-214A (new NH-216) to two-lane with a paved shoulder in Andhra Pradesh under NHDP -IV on EPC basis has been provisionally completed. The Provisional Completion Certificate was issued by the authority on August 17. As on July 20, the project was declared fit for operation. The road project was worth Rs 350.01 crore. The a...

If Nifty has to regain any strength, the bank index needs to step up. Hence, one needs to closely watch how banking conglomerates perform in the coming week. The market witnessed selling pressure, which pushed the Nifty below the 10,650 marks on August 23. Fortunately, strong buying emerged at lower levels in the following hour and thereafter, the index saw a V-shaped recovery to not only trim all losses but also to enter the positive territory and reclaim the 10,800 marks. We are trading in an extremely oversold zone and reached crucial February lows around 10,600. Technically, we can see the formation of ‘Bullish Piercing’ pattern on the daily chart (in Nifty). The said pattern will show its significance once the index manages to sustain above 10,900. In this scenario, we can expect further recovery towards 11,050–11,150. If Nifty has to regain any strength, the bank index needs to step up. Hence, one needs to closely watch how banking conglomerates perf...

Gold eased on Friday and was set for its worst week in nearly five months, as lack of clarity from U.S. Federal Reserve on the outlook for interest rate cuts triggered investors to cash in some gains ahead of Jerome Powell's speech at Jackson Hole. Spot gold was down 0.3% to $1,494.60 per ounce as of 0400 GMT. The metal has lost nearly 1.3% so far this week, on track for its biggest weekly percentage decline since March 29. U.S. gold futures slipped 0.3% at $1,504.20 an ounce. The market is closely watching Fed Chairman Powell's speech at the Jackson Hole seminar due later in the day (1400 GMT) for clarity on monetary policy after minutes of the U.S. central bank's July meeting tempered hopes of aggressive rate cuts. "There is no clear direction on what the Fed is doing, so people are on the sidelines until they hear concrete answers," said Brian Lan, managing director at dealer GoldSilver Central in Singapore. "Some people are...

The khadi industry in India is expected to cross Rs 10,000 crore turnover in the next five years, Khadi and Village Industries Commission (KVIC) Chairman Vinai Kumar Saxena said on Thursday. The target for this year is set at Rs 5,000 crore, he told IANS. "In a time when the world is moving towards automation, khadi is one of the few handcrafted products. In the future, only khadi will survive and nothing else," Saxena said at the Lakme Fashion Week Winter/Festive edition being held here. The Day 3 of the week-long fashion event was dedicated to sustainable fashion where designers showcased their collection made out of sustainable fabrics. Three designers namely Anuj Bhutani, Pallavi Dhyani and Gaurav Khanijo collaborated with KVIC to create sustainable fashion wears that were showcased on the ramp. Khadi industrySaxena said that the khadi industry has seen an average growth of 28 per cent in the last four years as compared to the growth rate of ...

खुदरा स्टोर श्रृंख्ला वी-मार्ट रिटेल (V-Mart Retail) ने तीन नये स्टोरों का शुभारंभ किया है। कंपनी ने नागालैंड, झारखंड और राजस्थान में 1-1 स्टोर खोला है। इसके साथ ही भारत के 18 राज्यों के 181 शहरों में कंपनी के कुल स्टोरों की संख्या 232 हो गयी है। गौरतलब है कि नागालैड में कंपनी का यह पहला, झारखंड में 18वाँ और राजस्थान में 7वाँ स्टोर है। नये स्टोरों के शुभारंभ की घोषणा के बावजूद कंपनी के शेयर में कमजोरी है। बीएसई में वी-मार्ट रिटेल का शेयर 1,734.20 पिछले बंद भाव के मुकाबले आज सुबह मजबूती के साथ 1,760.00 रुपये पर खुला है। मजबूत शुरुआत के बाद शेयर का रुख नीचे की ओर मुड़ गया और 1,713.25 रुपये के निचले स्तर तक गिरा। करीब 11 बजे वी-मार्ट का शेयर 16.10 रुपये या 0.93% की कमजोरी के साथ 1,718.10 रुपये पर चल रहा है। इस भाव पर कंपनी की बाजार पूँजी 3,118.94 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 3,298.00 रुपये और निचला स्तर 1,701.65 रुपये रहा है। Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free T rial give a missed call @964440...

After InterGlobe Aviation Ltd reported 13% growth in yields for the June quarter, investors were probably expecting smaller peer, SpiceJet Ltd, to follow suit. InterGlobe Aviation runs IndiGo, the country’s largest airline by market share. Unfortunately, that hasn’t played out. Paarth Gala, associate (institutional research) at Prabhudas Lilladher Pvt. Ltd said SpiceJet’s yield for the June quarter increased by just 2% year-on-year. Broadly, this is a tad below Street expectations. As such, Gala was expecting it to increase by 3%. “The airline’s operations remained stressed for a large portion of this quarter due to the continued grounding of its superior B737 MAX aircraft," highlighted the management in the investor presentation. This limited the airline’s ability to take its yields up, owing to passenger disruptions and re-accommodation; while simultaneously increasing its fixed costs on this category of aircraft, added the company. Even so, SpiceJet cloc...

Substitution of a large part of our import basket by indigenous manufacturing and attracting FDI in select large projects with predictable return could kickstart a virtuous cycle. Monetary stimulus so far has had little impact The current slowdown is more structural than cyclical India bypassing manufacturing to a service-led economy has hurt job creation Make in India should be taken up on a war footing The focus should be on the substitution of imports by domestic manufacturing Identity large projects, provide all clearances and invite FDI with a predictable return This could help start a virtuous cycle The economic slowdown is clearly the talk of the town from boardrooms to bazaars. While financial markets and businesses are looking to the government to salvage the situation which is now hurting industries ranging from automobiles to soaps, shampoos and biscuits, nobody really knows what is needed to come out of the mess. Monetary stimul...

The next immediate support for Nifty50 is placed at around 10,750 and then towards 10,600 levels, while resistance is observed at 11,110 and then towards 11,200 levels. The benchmark index, Nifty50 breached its previous four-day consolidation pattern on the downside on August 21 to close below 11,000 levels. On the daily time frame, the index witnessed a breakdown from the bearish flag pole pattern which can further sink prices towards its next immediate support which is placed at 10,600 levels. Previous three days’ candle formation suggests that the immediate pullback got capped at 11,200 levels, and the index has now opened the gate for further downside. The NSE-NIFTY reversed before visiting its short-term moving average placed at the 20-day EMA the daily interval. On the Options front, maximum Put open interest is placed at 10,850 followed by 10,500 strikes while the maximum Call open interest is seen at 11,000 followed by 11,500 strikes. The next imme...

The Enforcement Directorate charge sheet against IL&FS and the cabal which ran it gives the full scope and extent of the malfeasance and all-pervasive rot.  Pertinently, it refers to the closed user group individually and by name and provides details on their conduct. The conclusion is that it was pretty much a circus with Ravi Parthasarthy as the ringmaster or even King as the rest of the crew played courtiers. In what used to be a virtual command performance more or less every day, the courtiers used to play to the gallery and try and please the Emperor. The ED applying PMLA has indicted each and every member of the claque for contravention of the Money Laundering Act.  The scathing denouement of the modus operandi states The accused named in connivance and collusion with each other, indulged in initially locating and identifying dubious companies which claimed to have been engaged in infrastructure development and later issuing fictitious purchase or...

By applying concepts like Time cycles, Channels and indicators like RSI or the Relative Strength Index, one can still derive amazing trades from these stocks. Indiabulls Housing Finance, Tata Motors and Reliance Industries have been in news for different reasons in August. These stocks have been showing amazing trending moves in either direction. By applying concepts like time cycles, channels and indicators like RSI or the relative strength index, one can still derive amazing trades from these stocks. The most important thing to note is that long positions should be created on stocks that move from the bottom left corner to the top right, which means it is in an uptrend and short positions can be created in stocks that move from the top left corner to the bottom right which means it is in a downtrend. This is the most basic principle which I use for my proprietary trades. Now, let’s look at the below hourly charts and try to apply the above method: Indiab...

The share touched its 52-week high Rs 234.90 and 52-week low Rs 104.05 on 30 May 2019 and 16 August 2018, respectively. Shares of IOL Chemicals and Pharmaceuticals rose nearly 4 percent intraday on August 21 as the company made pre-payment of its term loan. The company has made the pre-payment of the term loan of Rs 9.52 crore due to banks in addition to scheduled repayment, as per BSE release. The company has made the pre-payment of the term loan of Rs 107.70 crore till date to reduce the term debt, which remains at Rs 123.45 crore as on date. At 1101 hours, IOL Chemicals and Pharmaceuticals was quoting at Rs 189.75, up to Rs 5.65, or 3.07 percent on the BSE. The share touched its 52-week high Rs 234.90 and 52-week low Rs 104.05 on 30 May 2019 and 16 August 2018, respectively. Currently, it is trading 19.11 percent below its 52-week high and 82.6 percent above its 52-week low. Best Share Market News, Click Here To Get More News -  Stock Mark...

The most active stocks are YES Bank, Maruti Suzuki, Indiabulls Housing, State Bank of India and Tata Motors. The Indian benchmark indices are trading flat with Sensex up 31 points at 37,358.96 mark while the Nifty has managed to stay in the green and is trading at 11,020 level. Metal stocks are under pressure, the top losers are Hindalco Industries and Jindal Steel & Power which are down over 2 percent each followed by Tata Steel, NMDC and SAIL. From the real estate space, the top losers are Oberoi Realty, Indiabulls Real Estate, DLF, Sobha and Sunteck Realty. Nifty FMCG is down half a percent dragged by ITC, Jubilant Foodworks, United Breweries, Godrej Consumer and Britannia Industries. Nifty IT is trading in the green led by Infosys, Tata Elxsi, Tata Consultancy Services and Tech Mahindra. Yes Bank fell over 5 percent hitting their fresh 52-week low following worries over the valuation of stake in Gautam Thapar's CG Power, which has been hi...

In the last two months, this is the second time a large builder is under the scanner of the investigation department of Income Tax. Shares of Capacite Infraprojectsplunged as much as 16 percent to their all-time low at Rs 156, while those of Oberoi Realty cracked 7 percent to hit intraday low of Rs 487.50 in August 21 session. Shares of both companies suffered losses after the Income Tax Department, on August 20, conducted searches at offices of Oberoi Realty and its vendor Capacite Infraprojects to probe suspicious fund trails in the companies. Confirming the development, a senior official of I-T Department told Moneycontrol there was suspicion on related party transaction within Oberoi. The department also suspected a difference between the sale price of housing units shown on the books and the registered prices. Oberoi Realty was under the scanner of Ministry of Corporate Affairs for alleged misuse of the proceeds from its Initial Public Offering (IPO), as ...