Govt transfers NCL India shares of Rs 39 cr to Bharat-22 ETF

The government has transferred Rs 39.00 crore worth shares of NLC India Limited (Cement manufacturing company) to Bharat 22 ETF. After the transfer, the shareholding of the President is 1,28,46,03,208 shares, which is 84.04% of equity shares of the company, according to the regulatory filing.

On Nov 20, the govt raised Rs 14,500 crore through the sale of blue-chip shares of PSUs through its newest exchange traded fund (ETF), called ‘Bharat-22”, which got bids of nearly Rs.32000 cr, a mutual fund record, whereby the govt has raised Rs 52,500 cr in the current financial year via PSU disinvestment, including from listing of PSU insurance companies.

The govt had launched the Bharat-22 ETF in August month envisaging raising Rs 8000 crore, with an option to retain over-subscription. The first tranche of the new fund offer opened for retail investors on Nov 15 and closed on Nov 17.The Bharat 22 ETF’s new fund offer has a size of over Rs 8,000 crore.

Top Trading Ideas from Market Expert for Trade Tomorrow ( 25 Sep 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in TV TODAY.

“TV TODAY is the stock which I would suggest to buy above 365; this can see upside to levels closer to Rs 380 - 382 zones, keep stop loss below Rs 342”.

Stock has been gaining for the last 8 days and has risen 34.65% in the period & Outperformed Sector by 6.09%.

TV TODAY was closed 4.86 percent up today at Rs 359.25 at NSE.

HSCL Share Report and Trading Tips for Tomorrow by Expert ( 31 Aug 2017 )

Research Head (MONEY MAKER RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one can go long in HSCL.

“HSCL is the stock which I would recommend to buy above Rs 106; this can see a upside to levels closer to Rs 110-112 zones, keep stop loss below Rs 101.

EBITDA of the company for the year is increased mainly on account of higher operating inefficiencies and increase in capacity utilisation.

The Company continued to enjoy working capital facilities under multiple banking arrangements including State Bank of India, Central Bank of India, ICICI Bank, The Hong Kong and Shanghai Banking Corporation(HSBC), DBS Bank, Citibank, Axis Bank, Yes Bank, Indusind Bank, Union Bank of India and IDBI Bank Ltd. The Company has been regular in servicing these debts.

HSCL was closed 6.43 per cent up today at Rs 105.10 NSE.