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50
per cent index scrips beat the street
Mumbai: For markets abuzz with stories of cheap valuation
of stocks, this could be an eye-opener. The comparison
of historic annual (Jan-Dec) data with closing prices
of sensex stocks on April 1, indicates that 50 per cent
of Sensex shares are trading above their average closing
three-year and five-year levels, even when the sensex
is actually 18.5 per cent below its levels.
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Bharti
Tele shares jump 11.5 pc
New Delhi: Pure investment play saw the share prices
of telecommunication service provider Bharti Tele-Ventures
Ltd (BTVL) jump up by almost 11.5 per cent on the BSE
and NSE on Wednesday.The stock closed at Rs 32.60, up
11.65 per cent, with 2,10,738 shares traded on the BSE
and at Rs 32.40, up 11.34 per cent, with around 6,53,497
shares traded on the NSE.
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Tata
Chemicals perks up on SC verdict
Mumbai: The Tata Chemicals stock saw a price spurt
coupled with increase in traded volume on the major bourses
on Wednesday. At the close, the counter finished with
a gain of 3.04 per cent following a favourable Supreme
Court verdict over a Rs 400-crore tax dispute with the
income-tax department.
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Zee
recovers on FII support
Mumbai: After touching new lows recently, Zee Telefilms
shot up sharply on Wednesday. The stock gained 12.43 per
cent at Rs 73.70 with volumes of 17.91 lakh shares on
the BSE. On the NSE, the media stock closed at Rs 73.90,
up 12.65 per cent with volumes of 32.10 lakh shares.
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SEBI
paper seeks powers for SEs to penalise cos
Mumbai: A SEBI concept paper has suggested empowering
stock exchanges (SEs) to impose financial penalties on
companies not complying with listing agreements.
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Power
Finance Corpn IPO plan awaits Finance Ministry nod
New Delhi: Power Finance Corporation (PFC), the wholly
Government-owned Development Financial Institution (DFI),
is expecting to enter the market with an Initial Public
Offer (IPO) of around 10 per cent of its equity later
this year.
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