Overnight Digest: Stocks to look out on February 20
Overnight Digest: Stocks to look out on February 20

Overnight Digest: Stocks to look out on February 20

Shohini Nath Article rating: 5.0

The stocks that are likely to witness significant movement on the bourses on February 20 are Tata Motors, Maharashtra Seamless, Essel Propack, Wipro and L&T. 

ABB wins order worth Rs 270 crore from Indian Railways
ABB wins order worth Rs 270 crore from Indian Railways

ABB wins order worth Rs 270 crore from Indian Railways

Amir Shaikh Article rating: 3.0

ABB on Tuesday informed the bourses that it has won its largest traction equipment order in India worth Rs 270 crore for train technology from the Indian Railways. 

GST Council may reduce rates on flats, cements
GST Council may reduce rates on flats, cements

GST Council may reduce rates on flats, cements

Amir Shaikh Article rating: 3.2

The 33rd GST Council meeting is set to be held on February 20. The market participant has started speculating that in this meeting the tax rate on realty sector, lottery, cement, etc. may be reduced. 

Grasim to expand footprint through acquisition of chlor-alkali business
Grasim to expand footprint through acquisition of chlor-alkali business

Grasim to expand footprint through acquisition of chlor-alkali business

Amir Shaikh Article rating: 5.0

Grasim Industries has signed a definitive agreement to acquire the chlor-alkali business of K.P.R. Industries (KPR) by way of a slump sale for a cash consideration of Rs 253 crore. The transaction will be funded through internal accruals.

Promoters divest 10 per cent stake in Emami
Promoters divest 10 per cent stake in Emami

Promoters divest 10 per cent stake in Emami

Dnyanada Kulkarni Article rating: 4.9

The promoters of Emami Ltd. have sold 10 per cent stake in the company for a sum of Rs 1,600 crore. Some of the purchasers involved in the transaction include SBI Mutual Fund, PremjiInvest, Amundi, IDFC, L&T Mutual Fund, PI Opportunities Fund and Pioneer Investment Fund.

Bodal Chemicals resumes full operations
Bodal Chemicals resumes full operations

Bodal Chemicals resumes full operations

Amir Shaikh Article rating: 5.0

Bodal Chemicals has informed the bourses that it has re-established the complete production of dye intermediates and dyestuff operations which were disrupted and closed partially on October 22, 2018, due to an environmental issue — leakage of ammonia. 

Ten stocks close to their 52-week high
Ten stocks close to their 52-week high

Ten stocks close to their 52-week high

Shital Jibhe Article rating: 5.0

The markets on February 19, 2019 opened gap up. BSE Sensex is trading at 35,742.01, up by 243.57 points and the Nifty is trading at 10,704.30, up by 63.35 points. 

Tata Steel divests stake in indirect subsidiary Black Ginger
Tata Steel divests stake in indirect subsidiary Black Ginger

Tata Steel divests stake in indirect subsidiary Black Ginger

Advait Dharmadhikari Article rating: 5.0

Steel behemoth Tata Steel has informed the bourses that it has completely divested its stake in indirect subsidiary Black Ginger 461 Pty Ltd (Black Ginger). TS Global Minerals Holding Pte Ltd, an indirect subsidiary of Tata Steel and IMR Asia Holding Pte Ltd had entered into a pact to divest its entire stake in Black Ginger. Black Ginger has a stake in an iron ore mine located in South Africa. 

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