Matrix Lab promoters to raise open offer size
Hyderabad: Following the advice of Securities and Exchange Board of India (SEBI), the promoters of Matrix Laboratories Ltd (MLL), a Hyderabad-based active pharmaceutical ingredients (APIs) manufacturer, have decided to revise the size of open offer made to MLL shareholders.
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P&G moves up on renewed buying
Mumbai: P&G Hygiene and Healthcare surged on Friday on renewed buying support after a battering in the last few sessions.The stock, which hit a 52-week low at Rs 310.05 on April 10, ended the day almost 14 per cent weaker on the BSE. However, in a sharp turnaround, the counter seemed to retrace its loses and jumped up by 13.92 per cent on Friday to end the day at Rs 372 on the BSE. The stock had lost ground by 17 per cent between April 7 and 10.
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Sales growth draws FIIs to Bajaj Auto
Mumbai: ForeignInstitutional Investors (FIIs) find the stock of two-wheeler major Bajaj Auto more attractive. An analysis of the shareholding pattern of Bajaj Auto reveals that IIs have hiked their stake by 1.43 percentage points in the last 3 months ended March 2003.
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IDFC asset management co to finalise deal soon
New Delhi: IDFC Asset Management Co Ltd, which is setting up India's first private equity fund, India Development Fund (IDF), for equity participation in greenfield and brownfield infrastructure projects, expects to finalise its first deal within the first quarter of the current fiscal.
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Infosys overweighs sentiment; Mastek regains
Mumbai: The carnage on Dalal Street continued into the second consecutive session on Friday. The hangover from the previous session continued into the last trading day of the week, as software stocks were battered again.
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Sensex plunges, FIIs dump IT, funds lose ground
Mumbai: Tech shares continued to shock and awe the markets for a second successive day, as institutional and retail investors cut their exposure to these stocks. Investors in equity funds, especially technology funds, took a severe hammering as the Sensex fell below the 3,000 mark.
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