Sunday 31 March 2019

Today Stock Market News-Sai Proficient

Benchmark indices gained further with Sensex crossing 39,000 for the first time, after a firm opening in the morning trade.


At 10:23 hrs IST, the Sensex is up 347.48 points or 0.90% at 39020.39, and the Nifty up 88.80 points or 0.76% at 11712.70.

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Tuesday 26 March 2019

Unitech rallies 5% on sale of power transmission biz-Sai Proficient

Shares of Unitech added nearly 5 percent intraday on March 27 after the company successfully entered into a Share Purchase Agreement (SPA) with Sterling and Wilson Private for sale of entire issued and paid up share capital of Unitech Power Transmission.

The company in its BSE releaseon March 26 informed that the Supreme Court has approved the SPA and the closing formalities are being completed.



Following the transaction, Unitech Power Transmission will become a wholly-owned subsidiary of Sterling and Wilson Private Limited.

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Tuesday 12 March 2019

DLF jumps over 3% after CLSA upgrades stock-Sai Proficient

Shares of DLF rose as much as 3.8 percent in early trade after CLSA upgraded the stock to Buy from Sell.

The brokerage also raised the target price on DLF to Rs 229 from Rs 167.

The company has delivered on project commitments, according to CLSA.



"Rental business is set to deliver double-digit compounding in long term," the brokerage said in a research note.


The cashflow turn should be sustainable, CLSA added.

At 09:24 hrs DLF was quoting at Rs 193.80, up 3.55 percent from the previous close.

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Monday 11 March 2019

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