Stock Corner:
1. Equity benchmark indices extended gains for the third consecutive session on Tuesday led by gains in banking and information technology stocks. Yes Bank was the top gainer in the Nifty50, the stock rose 5%, followed by Zee Entertainment, ONGC, Vedanta, and IndusInd Bank. However, shares of Indiabulls Housing Finance, Sun Pharma, M&M, and Tech Mahindra fell in today’s trade.
2. The Adani Ports and Special Economic Zone said in the filing on Tuesday that the company board has approved the proposal for the buy-back by the company of up to 3.92cr equity shares from the equity shareholders of the company as on June 21, 2019, at a price of Rs500 per equity share for an aggregate amount not exceeding Rs1,960cr.
3. Indian Oil Corporation Limited (Indian Oil), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited(HPCL) have signed an Agreement for formation of a Joint Venture Company for implementation and subsequent operation of 2757 Km long LPG Pipeline from Kandla, Gujarat to Gorakhpur, UP. Indian Oil, BPCL and HPCL would have 50%, 25% and 25% equity holding in the JV Company
1. Equity benchmark indices extended gains for the third consecutive session on Tuesday led by gains in banking and information technology stocks. Yes Bank was the top gainer in the Nifty50, the stock rose 5%, followed by Zee Entertainment, ONGC, Vedanta, and IndusInd Bank. However, shares of Indiabulls Housing Finance, Sun Pharma, M&M, and Tech Mahindra fell in today’s trade.
2. The Adani Ports and Special Economic Zone said in the filing on Tuesday that the company board has approved the proposal for the buy-back by the company of up to 3.92cr equity shares from the equity shareholders of the company as on June 21, 2019, at a price of Rs500 per equity share for an aggregate amount not exceeding Rs1,960cr.
3. Indian Oil Corporation Limited (Indian Oil), Bharat Petroleum Corporation Limited (BPCL) and Hindustan Petroleum Corporation Limited(HPCL) have signed an Agreement for formation of a Joint Venture Company for implementation and subsequent operation of 2757 Km long LPG Pipeline from Kandla, Gujarat to Gorakhpur, UP. Indian Oil, BPCL and HPCL would have 50%, 25% and 25% equity holding in the JV Company
Stock in ban period IDBI, DHFL, PCJEWELLER, RELCAP
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