Gulf Oil zooms on huge block deals
Shares of Gulf Oil Corporation soared 15% to Rs162 on the NSE after a huge block deal executed on the counter. The stock opened at Rs148 and hit a high of Rs168.80 on NSE so far.About 30.03 million equity shares representing 60% of total equity of Gulf Oil Corporation have changed hands at price of Rs157 per share, BSE data shows.
GMR Infra signs definitive agreement for sale of stake
GMR Infrastructure announced that as per the terms of definitive agreement and on completion of condition precedents, its subsidiary, Delhi International Airport ( DIAL) on March 16, 2015 has sold and transferred its entire holding of 26% of equity holding or 1,09,20,000 equity shares of face value of Rs10 each of Delhi Cargo Service Centre.
SEBI to look into Pipavav share trades pre-deal
SEBI to look into Pipavav Share trades pre-deal with Reliance Infrastructure – Negative for Pipavav Defence .As per media reports, SEBI has asked stock exchanges for details of trades done in the Pipavav Defence stock prior to the company’s recent announcement of stake sale to Reliance Infrastructure.
BHEL gains on commissioning thermal unit
Bharat Heavy Electricals Ltd ( BHEL) rose over 2%, touching to Rs259.85, after the company said that it has successfully commissioned the fifth 270 MW thermal power project unit at the Amravati project of Rattan India Power.
Hindalco faces trial in coal block allocation case
Hindalco is facing trial in the coal block allocation case for the Talabira II-mine in Odisha in a special court, the CBI has filed a fresh FIR and begun a separate probe into diversion of coal from Talabira-I mine –sentimentally negative for the stock.